India Thermal Power Private Limited
About India Thermal Power Private Limited
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India Thermal Power Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 06 August 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U04010MH1993PTC171444. Its GSTIN is 27AAACI3566Q1Z0 (Maharashtra).
The company has an authorised share capital of ₹140.5 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Shriram Venkat Panse and Rajendra Dattaram Sawant.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.5 Lakh, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Cr and EBITDA of -₹98.92 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 56% over five years.
Its group structure includes 6 subsidiaries.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
India Thermal Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U04010MH1993PTC171444, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U04010MH1993PTC171444 | Current |
| U04010MP1993PLC007817 | Previous |
| U04010MH1993PLC171444 | Previous |
Contact details
India Thermal Power Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressUnit No. B – 401 Trade Square Mehra Compound Opp. Orkay Mills Sakinaka Andheri (Eas, T), Mumbai, Maharashtra, India – 400072
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of India Thermal Power 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
Financials of India Thermal Power Private Limited
FY 2025 filings availableIndia Thermal Power Private Limited reported revenue of ₹1.5 Lakh (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years, including a 44% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹98.92 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1.29 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of India Thermal Power Private Limited, buy the company report.
Board of directors of India Thermal Power Private Limited
India Thermal Power has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shriram Venkat Panse Also directs: Mukand Heavy Engineering Limited | Director | 30 Sep 2023 | 3 Years 1 Months | Current |
| Rajendra Dattaram Sawant Also directs: Mukand Heavy Engineering Limited, Stainless India Ltd, Bombay Forgings Limited and 1 more | Director | 20 Oct 2022 | 4 Years 0 Months | Current |
| Dhanesh Kanaiyalal Goradia Also directs: Mukand Heavy Engineering Limited, Stainless India Ltd, Bombay Forgings Limited and 1 more | Director | 24 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
India Thermal Power Private Limited is compared with the 7 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Metallizing Wires (India) P. Ltd. | ₹1.56 Lakh (FY 2025) | 120.0% | Lunkaransar, Rajasthan, India | |||
| Jagdamba Sales Private Limited | ₹1.53 Lakh (FY 2025) | 27.0% | Nagpur, Maharashtra, India | |||
| India Thermal Power Private Limitedthis company | ₹1.5 Lakh (FY 2025) | -₹1.29 Cr | -44.0% | Mumbai, Maharashtra, India | ||
| Rajvans Infratech Private Limited | ₹1.5 Lakh (FY 2024) | 5.0% | Hazaribagh, Jharkhand, India | |||
| Kumar Metals and Alloys Private Limited | ₹1.47 Lakh (FY 2021) | Delhi, India | ||||
| Lohiya and Sons ( India ) Private Limited | ₹1.47 Lakh (FY 2024) | 24.0% | Jaipur, Rajasthan, India | |||
| Vinayak Steel Trade Pvt Ltd | ₹1.45 Lakh (FY 2025) | -99.0% | Kolkata, West Bengal, India | |||
| Swissline Intertrade Private Limited | ₹1.45 Lakh (FY 2025) | 3.0% | Delhi, India |
To see the full peer comparison of India Thermal Power Private Limited, buy the company report.
Auditor
India Thermal Power Private Limited is audited by B C P JAIN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B C P JAIN & CO | FY 2019 | 000802C |
Shareholding
The shareholding of India Thermal Power Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of India Thermal Power Private Limited, buy the company report.
Legal cases
India Thermal Power Private Limited has 1 court case on record: 1 filed by India Thermal Power. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of India Thermal Power Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for India Thermal Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
India Thermal Power has 6 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Fusion Investments and Financial Services Private Limited | U65990MH1992PTC067162 | |
| Catalyst Finance Private Limited | U65990MH1992PTC067165 | |
| Primus Investments and Finance Private Limited | U65990MH1992PTC067166 | |
| Econium Investments and Finance Private Limited | U65990MH1992PTC067732 | |
| Conquest Investment and Finance Private Limited | U67120MH1992PTC065592 | |
| Lineage Investments Private Limited | U67120MH1992PTC066417 |
To see the full group structure of India Thermal Power Private Limited, buy the company report.
GST
India Thermal Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI3566Q1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of India Thermal Power Private Limited, buy the company report.
Recent activity
India Thermal Power Private Limited has 13 board changes on record since 2012: 3 appointments and 10 cessations. The latest: Dhanesh Kanaiyalal Goradia ceased to be Additional Director on 29 Sep 2025.
4 earlier events are in the company report.
Frequently asked questions
India Thermal Power is an active private limited company based in Mumbai, Maharashtra, India. The company works in other wholesale, within the trading industry. It was incorporated on 06 August 1993 (33+ years old) and is registered under CIN U04010MH1993PTC171444.
India Thermal Power has 3 current directors:
- Shriram Venkat Panse - Director
- Rajendra Dattaram Sawant - Director
- Dhanesh Kanaiyalal Goradia - Director
The latest financial statements of India Thermal Power 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 India Thermal Power is 27AAACI3566Q1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of India Thermal Power is U04010MH1993PTC171444. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
India Thermal Power has 1 court case on record: 1 filed by the company.
India Thermal Power was incorporated on 06 August 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of India Thermal Power by revenue are Metallizing Wires (India) P. Ltd, Jagdamba Sales Private Limited, Rajvans Infratech Private Limited, Kumar Metals and Alloys Private Limited, Lohiya and Sons ( India ) Private Limited and 2 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Dhanesh Kanaiyalal Goradia ceased to be Additional Director on 29 Sep 2025. Shriram Venkat Panse ceased to be Director on 31 Dec 2024. Dhanesh Kanaiyalal Goradia was appointed as Director on 24 Dec 2024. India Thermal Power has 13 board changes on record in total.
The registered office of India Thermal Power is at Unit No. B – 401 Trade Square Mehra Compound Opp. Orkay Mills Sakinaka Andheri Eas, T, Mumbai, Maharashtra, India – 400072.
India Thermal Power operates in the trading industry, in the other wholesale segment.
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