What Krishna Ventures Limited does

Krishna Ventures Limited is a BSE-listed Indian public limited company (incorporated 1981, listed 1982) operating three business segments from a Greater Noida manufacturing facility and Noida corporate office. Its HVAC Division manufactures roof-mounted packaged air conditioning units for Indian Railways passenger coaches, locomotive cabins and guard cabins, plus air conditioning and heating systems for armoured vehicles supplied to Defence Ordnance Factories on a turnkey basis covering design, manufacturing, installation and maintenance. The Steel Fabrication Division runs an automated sheet metal production facility with presses and roll forming machines producing components from galvanized, high-tensile, stainless and aluminum steel for electrical appliances, switchgears and automobiles, plus solar module mounting structures and pre-engineered buildings.

The company monetises primarily through hardware sales to government and enterprise OEMs, supplemented by a smaller Stressed Assets Management segment that acquires distressed industrial assets and trades iron, steel and metal scrap through e-auction platforms. Its go-to-market is enterprise field sales targeting rolling stock manufacturers and ordnance factories, with a Posco Steel MOU supporting raw material sourcing for fabrication. With 11-50 employees and FY2026 net profit of Rs 0.30 crore following a prior-year Rs 0.88 crore loss, the company is a small-cap turnaround story whose revenue is concentrated on a narrow base of government customers.

Name

Krishna Ventures Limited

Legal name

Krishna Ventures Limited

Website

https://krishnaventuresltd.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Krishna Ventures Limited is a BSE-listed Indian manufacturer supplying HVAC systems to Indian Railways and Defence Ordnance Factories, steel fabrication products for appliances and solar structures, and trading in stressed assets and metal scrap.

Ownership category

akta.pro rank

Product category

Industrial HVAC Manufacturing

NAICS

Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Heating Equipment, Except Electric & Warm Air Furnaces (3433), Steam & Air-Conditioning Supply (4961)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industries

Automotive HVAC Modules & Integrated Climate Units (IMACALAA), Commercial Vehicle Cooling, HVAC & Thermal Management Manufacturing (IMACABAN), Bus HVAC & Thermal Systems Manufacturing (IMACADAL), Heat Transfer Equipment (Heat Exchangers, Boilers, Condensers) (IMAHAEAC), HVAC Controls & Optimization (Smart Thermostats, VAV, Chillers/Boilers Controls) (BPABAGAB)

Keywords

• HVAC manufacturing
• Railway air conditioning
• Steel fabrication services
• Defence vehicle HVAC
• Stressed asset trading

Headquarters

HQ city

Andheri

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. HVAC Products and Services: Sales of heating, ventilation and air conditioning systems to railways and defence sectors on turnkey basis including design, manufacturing, supply, installation and maintenance
2. Steel Fabrication Products: Production and sales of sheet metal components for electrical appliances, air conditioners, switchgears and automobiles; solar module mounting structures and pre-engineered buildings
3. Stressed Assets and Scrap Trading: Deals in scrap of plants, old machineries, iron and steel and other metals through E-Auction platforms; acquisition and resolution of stressed assets from financial institutions

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Krishna Ventures Limited manufactures HVAC (Heating, Ventilation & Air Conditioning) systems for railways, defence, buses, and telecommunications on a turnkey basis (including design, manufacturing, supply, installation, and maintenance), produces steel fabricated components and structures (sheet metal parts, solar module mounting structures, pre-engineered buildings), and trades in stressed assets, iron, steel, and metal scrap through e-auction platforms.

Product overview

Krishna Ventures Limited is a public limited company (incorporated 1981, listed on Bombay Stock Exchange since 1982) offering engineering solutions in three core business segments: (1) HVAC Division - manufacturing heating, ventilation and air conditioning systems for railways, buses, defence, and telecommunications sectors with OEM supply to Indian Railways and Defence Ordnance Factories; (2) Steel Fabrication Division - producing sheet metal components, solar module mounting structures, and pre-engineered buildings using roll forming technology for electrical appliances, air conditioners, switchgears, and automobiles; (3) Stressed Assets Management Division - acquiring and resolving stressed assets through auctions and handling iron, steel, and metal scrap trading. The company operates manufacturing facilities in Noida and Greater Noida, Uttar Pradesh.

Differentiator

Problem solved

Functional benefit

Products and services

• HVAC Systems Manufacturing of HVAC systems for Railways and Defence sectors on a turnkey basis, including Roof-mounted Packaged AC units for Passenger Coaches, Locomotive cabins, Guard cabins, and Air Conditioning and Heating systems for Armoured vehicles. Supplied as OEM to Indian Railways and Defence Ordnance Factories.
• Railway Air Conditioners HVAC systems specifically designed for railway applications including passenger coaches, locomotives, and guard cabins, supplied to Indian Railways.
• Bus Air Conditioners Air conditioning systems for bus transportation vehicles.
• Defence & Telecommunications HVAC Air conditioning and heating systems for defence applications including armoured vehicles, and systems for telecommunications infrastructure.
• Other Customized Air Conditioners Customized air conditioning solutions for specialized requirements beyond standard railway, bus, and defence applications.
• Steel Fabrication Advanced sheet metal production with automated design capabilities producing components from galvanized/pre-coated steel, high tensile steel, stainless steel, and aluminum for electrical appliances, air conditioners, switchgears, and automobiles.
• Solar Module Mounting Structure Solar module mounting structure products manufactured using roll forming machines for solar panel installations.
• Pre Engineered Buildings Pre-engineered building structures using roll forming technology for various construction applications.
• Other Steel Components Additional steel components and sheet metal parts for various industrial applications.
• Stressed Assets Management Acquisition and resolution of stressed assets including plants, old machineries, and industrial facilities through e-auction platforms; submissions of proposals to Financial Institutions.
• Iron & Steel and Metal Scrap Trading Trading of iron, steel, and metal scrap including transformer copper core coil scraps, copper coil scrap, and industrial dismantling services.

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Posco SteelcoreStrategic or Co-development PartnerCompany has entered into MOU with Posco Steel for smooth sourcing of material for raw material in steel fabrication operations.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• BEML Limited: Public-sector heavy equipment and rail-coach manufacturer supplying Indian Railways and the Indian Armed Forces. While primarily a vehicle OEM rather than an HVAC specialist, it embeds AC systems into rail and defence platforms and is a customer/adjudicator for HVAC subsystems in the same end markets Krishna Ventures serves.
• Voltas Limited: Tata-group HVAC major and India's leading room and commercial AC manufacturer with extensive presence in projects, commercial refrigeration, and electromechanical projects. Competes with Krishna Ventures in HVAC system integration and represents the dominant scaled competitor in the same end-market categories.
• Bharat Electronics Limited (BEL): Public-sector defence electronics major with diversified manufacturing across military and civilian electronics. While not a direct HVAC competitor, it represents the category of BSE-listed Indian defence PSUs/PSEs with overlapping customer relationships, government procurement exposure, and India-defence manufacturing tailwinds.
• Havells India (Lloyd): Diversified electrical and consumer durables major whose Lloyd brand competes in room and commercial air-conditioning. Harpreet Singh (Krishna Ventures' Plant Head HVAC) is ex-Fedders Lloyd, reflecting the talent overlap and direct competitive overlap in mid-range AC manufacturing in India.
• Blue Star Limited: One of India's largest HVAC and refrigeration companies serving commercial, industrial, and infrastructure customers. While far larger and diversified across commercial cooling and unitary ACs, Blue Star competes with Krishna Ventures on industrial and rail-linked HVAC opportunities and serves similar channel contractors.
• Daikin Air-conditioning India: Subsidiary of Daikin Industries and one of the largest HVAC manufacturers in India across residential, commercial, and industrial segments. While primarily a unitary/commercial AC player, it competes for industrial and rail/commercial HVAC contracts adjacent to Krishna Ventures' target markets.
• Hindustan Aeronautics Limited (HAL): India's premier defence aerospace OEM and a major supplier to the Indian Armed Forces. While focused on aircraft rather than armoured vehicles, HAL operates in the same defence PSU ecosystem as Defence Ordnance Factories and represents the class of large defence OEMs whose vendor lists Krishna Ventures depends on.
• Carrier Air-conditioning & Refrigeration India: Carrier's Indian operations manufacture and supply commercial and industrial HVAC equipment, including chiller, ducted, and specialty systems. It is a competitor in the broader Indian HVAC market, particularly for large commercial and industrial HVAC projects Krishna Ventures also targets.

Emerging players

• APL Apollo Tubes Limited: India's largest structural steel tube manufacturer with growing presence in solar module mounting structures and pre-engineered building components. It competes with Krishna Ventures' steel fabrication and solar-structure roll-forming business on the structural-steel side rather than the HVAC side.

Direct peers

• Sidwal Refrigeration Industries: Indian manufacturer of HVAC and refrigeration systems with a primary focus on Indian Railways passenger coaches and defence applications — directly comparable to Krishna Ventures' core railway and defence AC OEM business, competing for the same OEM qualifications and tenders.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Krishna Ventures Limited