Polar Power Projects Private Limited
About Polar Power Projects Private Limited
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Polar Power Projects Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 23 December 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U45205TN2011PTC083730. Its GSTIN is 33AAGCP3872J1Z7 (Tamil Nadu).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Kandasami Sivaprakasam and Ramachandran Balaji.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.74/44 Ganapathy Street West Mambalam, Chennai, Tamil Nadu, India – 600033.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.47 Lakh, a growth of 105% compared to the previous year. For the same year it recorded a net profit of ₹88,881 (net margin 2.1%) and EBITDA of ₹1.53 Lakh (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 152% over three years and 43% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Polar Power Projects Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.74/44 Ganapathy Street West Mambalam, Chennai, Tamil Nadu, India – 600033
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Polar Power Projects 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
Business activity
The main business activity of Polar Power Projects is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Polar Power Projects Private Limited, buy the company report.
Financials of Polar Power Projects Private Limited
FY 2024 filings availablePolar Power Projects Private Limited reported revenue of ₹42.47 Lakh (up 105% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 105% growth in the latest year. EBITDA fell 2% 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 | ₹1.53 Lakh | ||||
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| Net Profit (PAT) | ₹88,881 | ||||
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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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| Profitability | |||||
| EBITDA Margin | 3.6% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Polar Power Projects Private Limited, buy the company report.
Board of directors of Polar Power Projects Private Limited
Polar Power Projects has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kandasami Sivaprakasam Also directs: New Power Circuits (Chennai) Private Limited | Director | 23 Dec 2011 | 14 Years 10 Months | Current |
| Ramachandran Balaji | Director | 23 Jan 2019 | 7 Years 9 Months | Current |
| Ramya Sivaprakasam | Director | 23 Dec 2011 | 14 Years 10 Months | Current |
| Saravanan Kannan | Director | 23 Dec 2011 | 14 Years 10 Months | Current |
| Alagirisamy Ganga Also directs: New Power Circuits (Chennai) Private Limited | Director | 01 Apr 2016 | 10 Years 6 Months | Current |
Auditor
Polar Power Projects Private Limited is audited by ELAVARASAN CHANDRASEKAR & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ELAVARASAN CHANDRASEKAR & CO | FY 2019 | 004289S |
Shareholding
The shareholding of Polar Power Projects Private Limited is on record for 4 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 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Polar Power Projects Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Polar Power Projects 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 Polar Power Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Polar Power Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCP3872J1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Polar Power Projects Private Limited, buy the company report.
Recent activity
Polar Power Projects Private Limited has 6 board changes on record since 2011: 5 appointments and 1 cessation. The latest: Ramachandran Balaji was appointed as Director on 23 Jan 2019.
Frequently asked questions
Polar Power Projects is an active private limited company based in Chennai, Tamil Nadu, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 23 December 2011 (15+ years old) and is registered under CIN U45205TN2011PTC083730.
Polar Power Projects has 5 current directors:
- Kandasami Sivaprakasam - Director
- Ramachandran Balaji - Director
- Ramya Sivaprakasam - Director
- Saravanan Kannan - Director
- Alagirisamy Ganga - Director
The latest financial statements of Polar Power Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Polar Power Projects is 33AAGCP3872J1Z7, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Polar Power Projects is U45205TN2011PTC083730. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polar Power Projects was incorporated on 23 December 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
Ramachandran Balaji was appointed as Director on 23 Jan 2019. Alagirisamy Ganga was appointed as Director on 01 Apr 2016. Chinnaiyan Upplikannan ceased to be Director on 31 Mar 2014. Polar Power Projects has 6 board changes on record in total.
The registered office of Polar Power Projects is at No.7444 Ganapathy Street West Mambalam, Chennai, Tamil Nadu, India – 600033.
Polar Power Projects operates in the energy and power industry, in the bop and btg services segment.
The compliance status of Polar Power Projects is compliant as of 08 July 2026. The company is actively filing with the Registrar of Companies.
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