About Adani Transmission Step-Four Limited
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Adani Transmission Step-Four Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Energy Solutions Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 12 January 2023.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2023PLC138393. Its GSTIN is 24AAYCA2341R1Z1 (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Hareshkumar Pravinbhai Vaghasiya and Bhaskar Sarkar.
Its last annual general meeting (AGM) was held on 23 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Adani Corporate House Shantigram Near Vaishno Devi Circle S G Highway Khodiyar, Ahmedabad, Gujarat, India – 382421.
As per the financials filed for FY 2026, the company reported a revenue of ₹3.01 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹2.05 Lakh (net margin 68.1%) and EBITDA of ₹2.72 Lakh (EBITDA margin 90.4%).
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
Contact details
Adani Transmission Step-Four Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S G Highway Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Adani Transmission Step-Four 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 Adani Transmission Step-Four is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Adani Transmission Step-Four Limited, buy the company report.
Financials of Adani Transmission Step-Four Limited
FY 2026 filings availableAdani Transmission Step-Four Limited reported revenue of ₹3.01 Lakh (down 98% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 98% in the latest year. EBITDA rose 44% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3.01 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2.72 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.05 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 90.4% | |||
| Net Profit Margin | 68.1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Adani Transmission Step-Four Limited, buy the company report.
Board of directors of Adani Transmission Step-Four Limited
Adani Transmission Step-Four has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hareshkumar Pravinbhai Vaghasiya Also directs: Adani Cooling Solutions Limited, Adani Transmission Step-Five Limited, Sunrays Step II Limited and 5 more | Director | 12 Jan 2023 | 3 Years 9 Months | Current |
| Bhaskar Sarkar Also directs: Adani Energy Solutions Step-Eleven Limited, Aesl Projects Limited, Jam Khambaliya Transco Limited and 5 more | Director | 25 Nov 2025 | 0 Years 11 Months | Current |
| Ananthanarayanan Srinivasan Also directs: Adani Transmission Step-Three Limited, Adani Energy Solutions Step-Twelve Limited, Best Smart Metering Limited and 4 more | Director | 31 Mar 2026 | 0 Years 7 Months | Current |
Auditor
Adani Transmission Step-Four Limited is audited by DMKH & CO., for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DMKH & CO., | FY 2026 | 116886W |
Shareholding
The shareholding of Adani Transmission Step-Four Limited is on record for 3 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2023 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Adani Transmission Step-Four Limited, buy the company report.
Legal cases
No court or tribunal cases involving Adani Transmission Step-Four 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 Adani Transmission Step-Four Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adani Transmission Step-Four has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAYCA2341R1Z1 | Gujarat | Active | 29 Apr 2023 |
To see the full GST registrations and return filing status of Adani Transmission Step-Four Limited, buy the company report.
Recent activity
Adani Transmission Step-Four Limited has 7 board changes on record since 2023: 5 appointments and 2 cessations. The latest: Ananthanarayanan Srinivasan was appointed as Director on 31 Mar 2026.
News
Frequently asked questions
Adani Transmission Step-Four is an active public limited company based in Ahmedabad, Gujarat, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 12 January 2023 (3+ years old) and is registered under CIN U40106GJ2023PLC138393.
Adani Transmission Step-Four has 3 current directors:
- Hareshkumar Pravinbhai Vaghasiya - Director
- Bhaskar Sarkar - Director
- Ananthanarayanan Srinivasan - Director
The latest financial statements of Adani Transmission Step-Four on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 June 2026. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Adani Transmission Step-Four is 24AAYCA2341R1Z1, registered in Gujarat.
The CIN (Corporate Identification Number) of Adani Transmission Step-Four is U40106GJ2023PLC138393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Transmission Step-Four was incorporated on 12 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ananthanarayanan Srinivasan was appointed as Director on 31 Mar 2026. Bhaskar Sarkar was appointed as Director on 25 Nov 2025. Matulya Navinchandra Shah ceased to be Additional Director on 19 Jun 2025. Adani Transmission Step-Four has 7 board changes on record in total.
Adani Transmission Step-Four can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Adani Transmission Step-Four is at Adani Corporate House Shantigram Near Vaishno Devi Circle S G Highway Khodiyar, Ahmedabad, Gujarat, India – 382421.
Adani Transmission Step-Four operates in the energy and power industry, in the power transmission and distribution services segment.
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