About Punjab Genco Limited
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Punjab Genco Limited is a public limited state government company based in Chandigarh, India. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 05 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U40108CH1998SGC021134. Its GSTIN is 04AABCP4247L1ZE (Chandigarh). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25.1 Cr and a paid-up capital of ₹22.9 Cr. It was formerly known as J. B. Hire Purchase Private Limited and Punjab Renewable Energy Development and Power Generation Company Limited. It is led by directors including Neelima (Managing Director) and Anita Sharma.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 1 Sector 33 Chandigarh, Chandigarh, India.
As per the financials filed for FY 2022, the company reported a revenue of ₹12.04 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹12.61 Lakh (net margin 1%) and EBITDA of ₹5.14 Cr (EBITDA margin 42.7%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹3.36 Cr; the latest was in March 2008. Its 10 peer companies in the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Valiant Power Projects Private Limited with revenue of ₹12.11 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website peda.gov.in.
Company details
Name history
Punjab Genco has undergone 2 name changes throughout its history. The company was previously known as J. B. Hire Purchase Private Limited, and Punjab Renewable Energy Development And Power Generation Company Limited. The current legal name is Punjab Genco Limited.
| Company Name | Status |
|---|---|
| Punjab Genco Limited | Current |
| J. B. Hire Purchase Private Limited | Previous |
| Punjab Renewable Energy Development And Power Generation Company Limited | Previous |
CIN history
Punjab Genco has one previous CIN (Corporate Identification Number): U40108CH1998PLC021134. The current CIN is U40108CH1998SGC021134, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108CH1998SGC021134 | Current |
| U40108CH1998PLC021134 | Previous |
Contact details
Punjab Genco Limited's registered office is in Chandigarh. Its website is peda.gov.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No 1 Sector 33 Chandigarh, Chandigarh, India
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Punjab Genco 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 Punjab Genco 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 Punjab Genco Limited, buy the company report.
Financials of Punjab Genco Limited
FY 2024 filings availablePunjab Genco Limited reported revenue of ₹12.04 Cr (down 15% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years, including a 15% fall in the latest year. EBITDA fell 25% 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 |
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| EBITDA | ₹5.14 Cr | ||||
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| Net Profit (PAT) | ₹12.61 Lakh | ||||
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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 | 42.7% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Punjab Genco Limited, buy the company report.
Board of directors of Punjab Genco Limited
Punjab Genco has 7 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anita Sharma | Nominee Director | 18 Mar 2020 | 6 Years 7 Months | Current |
| Kulbir Singh Sandhu | Nominee Director | 17 Dec 2020 | 5 Years 10 Months | Current |
| Shekhar Bakshi | Nominee Director | 20 Sep 2019 | 7 Years 1 Months | Current |
| Supinder Singh | Nominee Director | 23 Dec 2022 | 3 Years 10 Months | Current |
| Navjot Singh Mandair | Nominee Director | 14 Mar 2023 | 3 Years 7 Months | Current |
| Neelima | Managing Director | 03 Mar 2025 | 1 Years 8 Months | Current |
Peer comparison
Punjab Genco Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Valiant Power Projects Private Limited | ₹12.11 Cr (FY 2024) | 191.0% | Mumbai, Maharashtra, India | |||
| Sri KPR Infra & Projects Limited | ₹12.1 Cr (FY 2025) | -19.0% | Secunderabad, Telangana, India | |||
| Avengers Solar Private Limited | ₹12.07 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Ny Green Energy Private Limited | ₹12.05 Cr (FY 2025) | -33.0% | Surat, Gujarat, India | |||
| Cmes Infinity Private Limited | ₹12.05 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India | |||
| Punjab Genco Limitedthis company | ₹12.04 Cr (FY 2022) | ₹12.61 Lakh | 1% | -15.0% | 7 | Chandigarh, India |
| Talettutayi Solar Projects Private Limited | ₹12.03 Cr (FY 2025) | -30.0% | Gurgaon, Haryana, India | |||
| Ever On Power Limited | ₹12.01 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Hinduja Renewables One Private Limited | ₹12 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Spren Energy Private Limited | ₹11.96 Cr (FY 2023) | 4743.0% | Hyderabad, Telangana, India | |||
| Hinduja Renewables Two Private Limited | ₹11.94 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Punjab Genco Limited, buy the company report.
Auditor
Punjab Genco Limited is audited by RAJNISH RAJESH & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJNISH RAJESH & CO | FY 2018 | 014657N |
Shareholding
The shareholding of Punjab Genco 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 Punjab Genco Limited, buy the company report.
Deals & funding
Punjab Genco Limited has 1 deal on record (1 funding round), with disclosed funding of ₹3.36 Cr; the latest was in March 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2008 | Funding round | ₹3.36 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Punjab Genco Limited has 11 court cases on record: 3 filed by Punjab Genco, 8 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 7 | 0 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Arbitration matter | Filed against the company by M/S Vij Engineers and Consultants Pvt. Ltd. | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by M/S Vij Engineers and Consultants Pvt. Ltd. | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed against the company | Disposed |
| High Court | Writ petition | Filed against the company by M/S Shree Jai Bajrang Electric Sotre Through Its Proprietor Ranjiv Kumar Mehta | Disposed |
| High Court, CHANDIGARH (UT) | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2, Chandigarh | Disposed |
To see the full case history of Punjab Genco 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 Punjab Genco Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Punjab Genco Limited has a workforce of 7 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Punjab Genco has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AABCP4247L1ZE | Chandigarh | Active | 01 May 2018 |
| 04AABCP4247L1DN | Chandigarh | Active | 26 Nov 2018 |
| 03AABCP4247L2ZF | Punjab | Active | 23 May 2018 |
| 03AABCP4247L1DP | Punjab | Active | 29 Nov 2018 |
To see the full GST registrations and return filing status of Punjab Genco Limited, buy the company report.
Recent activity
Punjab Genco Limited has 50 board changes on record since 2006: 10 appointments and 40 cessations. The latest: Jaspal Singh ceased to be Nominee Director on 31 Dec 2025.
41 earlier events are in the company report.
Frequently asked questions
Punjab Genco is an active public limited state government company based in Chandigarh, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 05 March 1998 (28+ years old) and is registered under CIN U40108CH1998SGC021134.
Punjab Genco has 7 current directors:
- Neelima - Managing Director
- Anita Sharma - Nominee Director
- Kulbir Singh Sandhu - Nominee Director
- Shekhar Bakshi - Nominee Director
- Supinder Singh - Nominee Director
- Navjot Singh Mandair - Nominee Director
- Ajoy Kumar Sinha - Nominee Director
The latest financial statements of Punjab Genco on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Punjab Genco is 04AABCP4247L1ZE, registered in Chandigarh. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 04AABCP4247L1DN (Chandigarh), 03AABCP4247L2ZF (Punjab), 03AABCP4247L1DP (Punjab).
The CIN (Corporate Identification Number) of Punjab Genco is U40108CH1998SGC021134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Punjab Genco has 11 court cases on record: 3 filed by the company and 8 filed against it. 1 is pending. Most are in the high courts.
Punjab Genco was incorporated on 05 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Chandigarh.
Punjab Genco has 1 deal on record (1 funding round), with disclosed funding of ₹3.36 Cr; the latest was in March 2008.
The peers of Punjab Genco by revenue are Valiant Power Projects Private Limited, Sri KPR Infra & Projects Limited, Avengers Solar Private Limited, Ny Green Energy Private Limited, Cmes Infinity Private Limited and 5 more, all in the same principal business activity (electric power generation, transmission and distribution).
Jaspal Singh ceased to be Nominee Director on 31 Dec 2025. Neelima was appointed as Managing Director on 03 Mar 2025. Sandeep Hans ceased to be Managing Director on 25 Feb 2025. Punjab Genco has 50 board changes on record in total.
Punjab Genco can be reached through the website peda.gov.in. Its registered office is in Chandigarh, India.
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