What Heatex Industries does

Heatex Industries Limited is an Indian private, family-owned industrial thermal and process equipment manufacturer founded in 1983 by Late Mr. Mohan Patel and headquartered in Palsana, Surat, Gujarat. The company designs, manufactures, and commissions custom-engineered equipment including steam boilers, thermic fluid heaters, hot water generators, processing equipment, pollution control systems (Multiple Effect Evaporators and Mechanical Vapor Recompression Evaporators), API 650 storage tanks, distillation columns, heat exchangers, and chimneys. It serves enterprise clients across textile and fabric dyeing, dairy and food processing, chemicals and pharmaceuticals, agrochemicals, and power generation, with notable customers including Adani, Aarti Industries, BASF, Bayer, UPL, Vinati, NDDB, Colourtex, SRF, and Jubilant. The company exports thermal oil heaters and fabric dyeing machines to Middle Eastern and other international markets.

Heatex operates a sales-led, direct enterprise go-to-market with WhatsApp, contact form, and brochure-based lead capture, supported by an in-house field sales team for custom quotations and EPC project execution. Revenue is generated through one-time custom equipment sales, turnkey EPC solutions (75+ projects delivered with full automation), and recurring after-sales service including installation, commissioning, maintenance, and spare parts. Pricing is quote-based with no public list pricing, reflecting project-specific capacity, configuration, and scope.

The company is currently led by second-generation family members Mr. Arpan Patel (Chairman) and Mr. Arpit Patel (Managing Director). It holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, IBR, ASME U/S/R, and PESO certifications, providing regulatory access for domestic and international project bids. Heatex remains an independent, family-controlled entity with no disclosed institutional investors, subsidiaries, parent company, or public listing.

Name

Heatex Industries

Legal name

Heatex Industries Limited

Website

https://heatexindustries.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

101–250 employees

Short description

Heatex Industries is a family-owned Indian manufacturer of custom thermal and process equipment — steam boilers, thermic fluid heaters, hot water generators, pollution control systems, and storage tanks — serving enterprise clients in textiles, chemicals, dairy, and food processing, with exports to the Middle East.

Ownership category

akta.pro rank

Product category

Industrial Process and Thermal Equipment Manufacturing

NAICS

Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Industrial Process Furnaces & Ovens (3567)

akta.pro primary industry

Boilers, Furnaces & Process Heating Equipment (IMAHAKAD)

akta.pro secondary industries

Heat Exchangers & Thermal Transfer Equipment (IMAHAKAC), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC)

Keywords

• Steam boilers
• Thermic fluid heaters
• Industrial heating equipment
• Process equipment manufacturing
• Pollution control systems

Headquarters

HQ city

Surat

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Custom Industrial Equipment Manufacturing: Design, manufacture, and supply of custom thermal and process equipment including steam boilers, thermic fluid heaters, hot water generators, processing equipment, and pollution control systems. Equipment sales are project-based with custom specifications per client requirements.
2. After-Sales Service & Maintenance: Comprehensive after-sales services including installation, commissioning, maintenance, technical assistance, and spare parts replacement for installed equipment.
3. Turnkey Project Solutions: Complete EPC (Engineering, Procurement, Construction) solutions including design, supply, installation, testing, and commissioning of thermal systems. 75+ turnkey projects completed.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Heatex Industries designs, manufactures, and supplies custom industrial thermal and process equipment including Thermic Fluid Heaters, Steam Boilers, Hot Water Generators, Processing Equipment, Pollution Control Equipment (MEEs and MVREs), and API 650 Storage Tanks. The company also executes turnkey EPC projects and provides after-sales installation, commissioning, and maintenance services for industrial customers across textiles, chemicals, dairy, food processing, power generation, and environmental sectors.

Product overview

Heatex Industries is a manufacturer of industrial thermal and process equipment. The core product portfolio centers on heat transfer equipment including Thermic Fluid Heaters and Steam Boilers, supplemented by Processing Equipment, Pollution Control Equipment (MEEs and MVRE systems), and Hot Water Generators. The company also manufactures specialty process equipment such as API 650 Storage Tanks, Distillation Columns, Heat Exchangers, Feed Water Tanks, and Chimneys. The products are designed for industrial applications across sectors including textiles, chemicals, dairy, food processing, and power generation, with a focus on energy efficiency and environmental compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Thermic Fluid Heater Industrial thermal equipment that heats process fluids using thermal oil as the heat transfer medium, available in oil/gas fired, coal-fired, and briquette-fired configurations for export and domestic process industries.
• Steam Boiler

Quantifiable outcome

• 75+ turnkey projects executed with full automation
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Forbes Marshall: Forbes Marshall is a leading Indian manufacturer of steam engineering and control instrumentation, serving process industries with boilers and heat-transfer equipment. Directly comparable as a domestic incumbent in steam generation and process heating.
• Alfa Laval: Alfa Laval is a global leader in heat exchangers, boilers, and separation equipment for process industries. Comparable in heat-transfer equipment offerings and as a reference for the broader boiler/heat-exchanger peer set.
• Babcock & Wilcox: Babcock & Wilcox is a global incumbent in utility and industrial steam generation, offering large-scale power boilers and heat-transfer equipment. Competes for larger cogeneration and process-steam EPC contracts in India and export markets.
• Cleaver-Brooks: Cleaver-Brooks is a North American leader in industrial boiler systems and packaged steam solutions with global distribution. Comparable as a broader incumbent in industrial boiler and heat-exchanger equipment.
• Thermax Limited: Thermax is India's largest diversified thermal and process equipment manufacturer, offering steam boilers, thermic fluid heaters, heat exchangers, and EPC solutions. It is a clear broad incumbent competitor to Heatex across all major product lines and verticals.

Direct peers

• Vapor Power International: Vapor Power International manufactures thermal fluid heaters, steam generators, and waste heat recovery systems for industrial process heating. Direct competitor in thermic fluid heating technology and process-boiler applications.
• Maxtherm Boilers: Maxtherm manufactures industrial boilers, thermic fluid heaters, and hot water generators for textile, chemical, and process industries in India. Direct competitor with overlapping product portfolio and customer segments.
• Cheema Boilers Limited: Cheema Boilers is an Indian manufacturer of industrial steam boilers and process heating equipment serving textiles, chemicals, and food processing. Closely comparable in product scope, customer verticals, and Indian mid-market positioning to Heatex.
• HRS Heat Exchangers: HRS Heat Exchangers designs and manufactures heat-transfer equipment including heat exchangers, evaporators, and process equipment for industrial applications. Directly comparable to Heatex's heat-exchanger and MEE/MVRE product lines serving process industries.
• Fulton Boiler Works (India): Fulton is a global boiler manufacturer with a strong India presence, offering steam boilers and hot water generators to industrial customers. Competes directly with Heatex in compact and packaged boiler solutions for process industries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/heatex_industry
• YouTubeyoutube.com/channel/UCqHdQBvIVdYRCh1ZCNarkrg
• Facebookfacebook.com/HeatexIndustriesLimited
• LinkedInlinkedin.com/company/heatex-industries-limited
• Instagraminstagram.com/heatexindustriesltd

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heatex Industries