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Our story and what drives us from day one
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Established since 1952, Apollo Industrial Corporation & Apollo Heat Exchangers Pvt. Ltd. is a part of Apollo Group of Companies operating from Vasai, Maharashtra, India. Apollo Group is an innovative technology driven engineering company lead by Mr. Naresh R. Shah, Chairman & Managing Director.

Apollo pioneers in precision engineering products and heat transfer solutions for mission critical applications such as railway, defence, aerospace, cryogenics, industrial & infrastructure equipment. We design & develop, manufacture, test & validate, and supply customized industrial cooling solutions & diesel engine components. These cooling systems comprise of compact aluminium plate fin heat exchangers, axial impeller, power drive and other accessories.

Since 40 Years we have developed many import substitution products of diesel locomotives for Indian Railways. Over the last 25 years, Apollo has diversified into compact aluminum plate fin heat exchangers and supplying them to Indian Railways since then. Defence, Power, Cryogenics are few of the critical applications in which we have made a strong presence over two decades.

Spread over 60,000 Sq. ft., We have complete in-house manufacturing and testing facilities for aluminium plate fin heat exchangers & diesel engine components.

At Apollo, Separate team of research & development for product & process development of aluminium plate fin heat exchanger and other accessories plays a critical role to ensure the latest technology to our customer. We preserve the capability and capacity to make custom built prototypes to large production serial batches to meet customer demand.

We take pride in providing technical & engineering support and superior customer service & after sales support to our clients.

management team

Mr. Naresh Shah

B.Tech / I.I.T (K) | OMP

Chairman & Technical Director

Mrs. Nandita Shah

Business Owner

Commercial Director

Mr. Yash Shah

B.E (Mech) | MBM (FMB)

CEO & Marketing Director


To build value for all stakeholders by leveraging knowledge, innovation and service. Be recognized as a pioneer in heat transfer solutions & precision engineering products for critical applications such as Railways, Defence, Aerospace, Cryogenics and others.


To derive pride and customer satisfaction in developing mission critical products by contributing in “Make In India” program under Indigenously Designed Developed & Manufactured (IDDM) and thereby providing challenging growth opportunities to employees


At the heart of Apollo are three words: Progressive. Adaptive. Innovative. Which truly represents who we are


Progressive in our approach towards new technology developments and adopting them to create a value addition for our customers. At Apollo, the technology for product design, manufacturing process and product validation are indigenously developed over the years.


Adaptive to the changing needs and challenges of your application. We understand that every application has unique requirement. We provide engineering solutions for all varied applications of Rail, Road & Infrastructure and Industrial & Defence.


Innovative product research & development and validation process, manufacturing process to offer a unique solution to meet the toughest technical requirements of our customers to ensure total customer satisfaction.


We are committed to design, manufacture & supply compact Aluminum heat exchangers through continual improvement in implementation of quality management systems, achieve total customer satisfaction & continuously increasing our customer base.


Certified ISO 9001:2008 for Quality Management Systems.

Laboratory testing to meet requisite quality standards.

Experienced and trained quality inspectors.

Sourcing tested materials from reputed and well established manufacturer / suppliers.

To remain abreast of changing trends in technology globally.

To continuously upgrade our own standards and benchmarks.

Inception of Apollo group by Ratanshi Shah as a leading trading & Manufacturer of engineering spares.
Youth of Apollo, Mr. Naresh shah(B-tech IIT-Kanpur) joins the business. Results in substantial growth in supply of spares & starts supply of approved diesel engine components to indian railway.
Success in endeavour of developing 1st charge air cooler for Indian railway diesel locomotive & then inception of Apollo heat exchanger Pvt. Ltd.
Apollo diversified into compact aluminum plate fin heat exchangers and supplying them to Indian Railways since then, Cryogenics,industrial equipment & infrastructure equipment are few of the critical applications in which we have made a strong presence.
Shifted Manufacturing unit & Corporate office to Vasai ( outskirt of mumbai) to enhance the production capacity and optimize production cost. Successful execution of indigenous export substitution cooling system for defence tank
Rise in Apollo’s product portfolio with new product development for OEM’s & spurt in supply to indian railway. Apollo certified as a ISO 2009:2008 accredited organization
Apollo’s next generation leader and current CEO Mr. Yash Shah joins the business. Results in No 1 supplier of Transformer converter oil cooler to indian railway
Expansion of manufacturing unit to new location with all latest technology to manufacture plate fin heat exchange and implementation of Kaizen to attain superior quality standard.
European standard EN 15085-2 CL-2 certified for aluminium heat exchanger welding.
ISO 9001: 2015
EN 15085-2 CL-2
Performance letter from Indian Railway for transformer oil cooler
BARC cryogenic division appreciated Apollo team for development & supply of Helium Heat Exchanger
Appreciation letter form RRCAT by department of Atomic energy for Helium Heat Exchanger
CVRDE acclaimed our work with appreciation letter for main battle tank cooling package
Performance certificate from BHEL for OFAF transformer oil cooler
DRDO chosen apollo as a “Prefered Industrial Partner” for defence cooling system
Appreciation letter from Yashasvi Yarn limited for compressor cooling package
By Transrail Lighting limited “We are satisfied with air cooled cooling package of Apollo Make”
Performance appreciation by Happy Forging ltd. for Hydraulic power pack machine oil cooling package