About Horizon Fuel Cell India Private Limited
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Horizon Fuel Cell India Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 30 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31900MH2012PTC230397. Its GSTIN is 27AACCH9137Q1ZW (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Amit Narayanrao Deotale and Vishwas Vijay Deshpande.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at F – 2 Prince Complex Chattrapati Square, Nagpur, Maharashtra, India – 440015.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.01 Lakh, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹4,160 (net margin 2.1%) and EBITDA of -₹1.87 Lakh (EBITDA margin -93.1%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 37% over five years.
The company is associated with 1 brand: Horizon Fuel Cell.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website horizonfuelcell.com.
Company details
Contact details
Horizon Fuel Cell India Private Limited's registered office is in Nagpur, Maharashtra. Its website is horizonfuelcell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressF – 2 Prince Complex Chattrapati Square, Nagpur, Maharashtra, India – 440015
- IndustryInformation Technology, IT Products Retail & Distribution
To see the full contact details of Horizon Fuel Cell India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Horizon Fuel Cell India operates one associated brand: Horizon Fuel Cell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PEM fuel cells are manufactured for clean energy applications. | horizonfuelcell.com |
Financials of Horizon Fuel Cell India Private Limited
FY 2025 filings availableHorizon Fuel Cell India Private Limited reported revenue of ₹2.01 Lakh (down 49% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 49% fall in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.01 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | -₹1.87 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4,160 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -93.1% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Horizon Fuel Cell India Private Limited, buy the company report.
Board of directors of Horizon Fuel Cell India Private Limited
Horizon Fuel Cell India has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Narayanrao Deotale Also directs: Yogirath Agro Industries LLP, Farmedge Labs and Research Private Limited, Hexafusion Innovation Private Limited and 4 more | Director | 30 Apr 2012 | 14 Years 6 Months | Current |
| Vishwas Vijay Deshpande Also directs: Nagpur Switchgear Private Limited | Director | 18 Mar 2020 | 6 Years 7 Months | Current |
Auditor
Horizon Fuel Cell India Private Limited is audited by KHANZODE & SHENWAI for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHANZODE & SHENWAI | FY 2022 | 112415W |
Shareholding
The shareholding of Horizon Fuel Cell India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Horizon Fuel Cell India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Horizon Fuel Cell India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Horizon Fuel Cell India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Horizon Fuel Cell India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCH9137Q1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Horizon Fuel Cell India Private Limited, buy the company report.
Recent activity
Horizon Fuel Cell India Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Vishwas Vijay Deshpande ceased to be Additional Director on 31 Dec 2020.
Frequently asked questions
Horizon Fuel Cell India is an active private limited company based in Nagpur, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 30 April 2012 (14+ years old) and is registered under CIN U31900MH2012PTC230397.
Horizon Fuel Cell India has 2 current directors:
- Amit Narayanrao Deotale - Director
- Vishwas Vijay Deshpande - Director
The latest financial statements of Horizon Fuel Cell India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Horizon Fuel Cell India is 27AACCH9137Q1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Horizon Fuel Cell India is U31900MH2012PTC230397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Horizon Fuel Cell India was incorporated on 30 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Vishwas Vijay Deshpande ceased to be Additional Director on 31 Dec 2020. Sudhir Virendra Sarawat ceased to be Director on 18 Mar 2020. Vishwas Vijay Deshpande was appointed as Director on 18 Mar 2020. Horizon Fuel Cell India has 4 board changes on record in total.
Horizon Fuel Cell India can be reached through the website horizonfuelcell.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Horizon Fuel Cell India is at F – 2 Prince Complex Chattrapati Square, Nagpur, Maharashtra, India – 440015.
Horizon Fuel Cell India operates in the information technology industry, in the IT products retail and distribution segment.
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