Patels Airtemp (India) Ltd. – Company Report
1. Company Overview
Patels Airtemp (India) Ltd., established in 1973 and based in Ahmedabad, Gujarat, is a premier Indian manufacturer and engineering firm specializing in process plant equipment. The company supplies custom-engineered solutions in air conditioning, refrigeration, and heat and mass transfer technology for complex industrial projects. Since becoming public in 1993, Patels Airtemp has built a reputation for reliability and technical excellence, with two modern production facilities in Gujarat spanning more than 77,900 sq. meters. It holds ISO 9001:2015 and ASME (U, U2, S Stamps) certifications and is recognized for its major contributions to refineries, petrochemicals, power, chemicals, steel, cement, and food processing industries. Managed by an experienced executive team, Patels Airtemp prioritizes product quality, timely project execution, and customer satisfaction.
Key Highlights:
- Established: 1973
- Headquarters: Ahmedabad, Gujarat, India
- Certifications: ISO 9001:2015; ASME “U”, “U2”, “S” Stamps
- Production Sites: Rakanpur & Kadi, Gujarat
- Market Listing: Bombay Stock Exchange
- Client Sectors: Refinery, petrochemical, power, fertilizer, thermal, steel, cement, food processing
2. Products and Services
Patels Airtemp (India) Ltd. delivers a wide range of engineered products for process industries:
Heat Exchangers
- Shell & Tube Heat Exchangers (fixed/floating head)
- Shell & Fin Tube and Air Fin Coolers
- Air Cooled Heat Exchangers and Air Cooled Condensers for large-scale process cooling
Pressure Vessels and Columns
- Tall vertical columns for distillation and absorption
- Custom vessels for safe storage and handling of gases/liquids
Air Conditioning & Refrigeration Equipment
- Central air conditioning plants, chillers, window, and split air conditioning units
- Custom solutions for pharma, cleanroom, and industrial environments
Specialty Products
- Ambient air heaters, coils, tube bundles, tailor-made solutions for complex engineering needs
Turnkey Project and Technical Services
- Design, supply, fabrication, installation, and commissioning of HVAC and process plant systems
- Lifecycle technical support, retrofitting, spares, and maintenance
The company is recognized for custom engineering, project management, and adherence to global performance standards, with a strong record of on-time delivery for domestic and export clients.
3. Recent News and Financial Performance
Recent Developments:
- In 2025, Patels Airtemp (India) Ltd. expanded its air cooled heat exchanger capacity and continued to secure key orders from refinery, petrochemical, and thermal power projects.
- The company has maintained its focus on manufacturing upgrades, process automation, and product innovation to meet evolving process industry requirements.
- Patels Airtemp recently settled a regulatory case with SEBI concerning violations of LODR rules, paying a settlement amount of ₹28.53 lakh.
- The company continues its drive for greater operational efficiency and sustained customer satisfaction, positioning itself as a preferred supplier for high-value process industry clients.
4. Financial Performance (FY2025)
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹387.82 crore |
| Net Profit | ₹16.51 crore |
| Operating Profit Margin | 9% |
| EPS | ₹30.18 |
| Dividend Payout % | 10% |
| Debt Status | Virtually debt-free |