What we do Patels Airtemp (India) Ltd manufactures heat exchangers, pressure vessels, HVAC equipment, and turnkey projects, serving industries like power, petrochemicals, and pharmaceuticals across India and abroad. |
Founded in 1,992 |
Market share Established leader in heat exchangers and pressure vessels with ISO and ASME certifications; significant domestic market presence and growing exports. |
Problem solved Provides customized thermal engineering solutions and HVAC systems addressing industrial cooling, heating, and ventilation needs efficiently. |
Top clients or who we serve Major industrial sectors including power plants, refineries, fertilizers, petrochemicals, pharmaceuticals, and cement (B2B focus). |
Key management Sanjivkumar N. Patel (Chairman & Managing Director), Shivang P. Patel (Whole-time Director) |
Our journey and innovations Incorporated in 1992; merged group units to consolidate offerings; expanded manufacturing capacity; acquired ASME, ISO certifications; launched greenfield project; dissolved US subsidiary in 2023; continuous quality upgrades. |
Where we operate Primary operations in India with exports; manufacturing units in Gujarat; formerly had a US subsidiary (dissolved). |
Top products or what we offer Shell & Tube Heat Exchangers, Finned Tube Heat Exchangers, Air Cooled Heat Exchangers, Pressure Vessels, Industrial Fans, HVAC Equipment, Turnkey HVAC Projects. |
Top brands Patels Airtemp heat exchangers and pressure vessels recognized for quality with ASME 'U', 'U2', and 'S' stamps; ISO certified systems; industry trusted HVAC solutions. |
Raw materials needed Steel, metal alloys, refrigerants, and specialized materials for pressure vessels and heat exchangers. |
Raw materials supplier Local and international steel suppliers and specialized component manufacturers (names undisclosed). |
Recurring vs cyclical contribution Revenue is largely project-based and cyclical aligned with industrial capex but includes some recurring service and equipment sales. |
Our industry position Strong position as a reputed Indian manufacturer of heat exchangers and pressure vessels with certifications enabling major industrial contracts. |
Financial highlights FY 2024-25 revenue Rs. 387.82 crores; net profit Rs. 16.51 crores; stable profitability; consistent growth over recent years. |
Geographical revenue split Over 98% revenue from within India; around 1.5% from international markets. |
Order book Confirmed orders about Rs. 211.74 crores as on August 2025, indicating solid near-term demand. |
Whats driving growth Industrial infrastructure expansion, quality certifications, new manufacturing capacity, and foray into turnkey HVAC projects. |
Our future plans Enhance manufacturing facilities; increase productivity with new lifting equipment; explore turnkey project expansions. |
Our green promise ISO 14001 certified; implements environment management with focus on energy conservation and sustainable manufacturing. |
Our people and values Emphasizes employee safety with ISO 45001 certification; fosters quality and compliance culture; focuses on inclusive governance. |
Key challenges ahead Competition from global players, market cyclicality, regulatory compliance, and maintaining growth amid industrial fluctuations. |
Interesting facts Only Indian company with ASME U, U2, and S stamps in product range; member of HTRI USA; licensed advanced product design software. |
Risks and strategy Mitigates order cyclicality via diversified industrial sectors and expanding turnkey services; maintains strong banking relationships for finance. |
