About Panitek Power Private Limited
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Panitek Power Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Panitek Power Ag. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 01 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2016FTC308758. Its GSTIN is 07AAICP9202C1ZN (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27.03 Lakh. It is led by directors including Vikas Agarwal and Pankaj Agarwal.
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 B1 H3 Mohan Cooprative Industrial Estate Mathura Road New Delhi – 110044, Delhi, India – 110044.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.85 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹42.42 Lakh (net margin 14.9%) and EBITDA of ₹49.32 Lakh (EBITDA margin 17.3%). Revenue has grown at a compounded annual rate (CAGR) of 76% over three years and 18% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Panitek.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panitek.com.
Company details
Contact details
Panitek Power Private Limited's registered office is in New Delhi, Delhi. Its website is panitek.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressB1 H3 Mohan Cooprative Industrial Estate Mathura Road New Delhi – 110044, Delhi, India – 110044
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Panitek 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
Brands
Panitek Power operates one associated brand: Panitek. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Venture builder transforming cleantech by linking tech providers, advising businesses, and scaling ventures in India. | panitek.com |
Business activity
The main business activity of Panitek Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Panitek Power Private Limited, buy the company report.
Financials of Panitek Power Private Limited
FY 2025 filings availablePanitek Power Private Limited reported revenue of ₹2.85 Cr (up 191% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 191% growth in the latest year. EBITDA rose 812% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹49.32 Lakh | ||||
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| Net Profit (PAT) | ₹42.42 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 17.3% | ||||
| Net Profit Margin | 14.9% | ||||
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To see the full financial statements and ratios of Panitek Power Private Limited, buy the company report.
Board of directors and KMP of Panitek Power Private Limited
Panitek Power Private Limited currently reports 3 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Agarwal Also directs: B M Impex Private Limited | Director | 30 Dec 2016 | 9 Years 9 Months | Current |
| Pankaj Agarwal Also directs: Panitek Smart Energy Private Limited | Director | 01 Dec 2016 | 9 Years 10 Months | Current |
| Rakesh Singhania Also directs: Infoobjects Technologies Private Limited, Panitek Smart Energy Private Limited, CXC Services Private Limited and 3 more | Director | 16 Apr 2021 | 5 Years 6 Months | Current |
| Rahul Banerjee | Ceo | 03 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Panitek Power Private Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| New Vision Wind Power Private Limited | ₹2.89 Cr (FY 2025) | -15.0% | Coimbatore, Tamil Nadu, India | |||
| Panitek Power Private Limitedthis company | ₹2.85 Cr (FY 2024) | ₹42.42 Lakh | 14.9% | 191.0% | New Delhi, Delhi, India | |
| Pink City Energy Private Limited | ₹2.83 Cr (FY 2025) | 266.0% | Jaipur, Rajasthan, India | |||
| Evergreen Renewables Private Limited | ₹2.8 Cr (FY 2025) | -82.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Panitek Power Private Limited, buy the company report.
Auditor
Panitek Power Private Limited is audited by CHURUWALA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHURUWALA & ASSOCIATES | FY 2021 | 108101W |
Shareholding
The shareholding of Panitek Power Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Panitek Power Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Panitek Power 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 Panitek Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panitek Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAICP9202C1ZN | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panitek Power Private Limited, buy the company report.
Recent activity
Panitek Power Private Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Rahul Banerjee ceased to be CEO on 13 Feb 2025.
Frequently asked questions
Panitek Power is an active foreign private limited company based in New Delhi, Delhi, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 01 December 2016 (10+ years old) and is registered under CIN U74999DL2016FTC308758.
Panitek Power has 4 current directors and KMP:
- Vikas Agarwal - Director
- Pankaj Agarwal - Director
- Rakesh Singhania - Director
- Rahul Banerjee - Ceo
The latest financial statements of Panitek 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 FY 2017 are in the company report.
The GSTIN of Panitek Power is 07AAICP9202C1ZN, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Panitek Power is U74999DL2016FTC308758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panitek Power was incorporated on 01 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Panitek Power by revenue are New Vision Wind Power Private Limited, Pink City Energy Private Limited, Evergreen Renewables Private Limited, all in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution).
Rahul Banerjee ceased to be CEO on 13 Feb 2025. Rahul Banerjee was appointed as CEO on 03 Oct 2023. Rakesh Singhania ceased to be Additional Director on 30 Nov 2021. Panitek Power has 8 board changes on record in total.
Panitek Power can be reached through the website panitek.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Panitek Power is at B1 H3 Mohan Cooprative Industrial Estate Mathura Road New Delhi – 110044, Delhi, India – 110044.
Panitek Power operates in the infrastructure and utilities industry, in the power infrastructure and energy projects segment.