About Adani Transmission Step-Three Limited
Data last updated:
Adani Transmission Step-Three Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the electric power generation segment of the energy sector. It was incorporated on 12 January 2023.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2023PLC138391.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Hareshkumar Pravinbhai Vaghasiya (Managing Director) and Vivek Gautam.
Its last annual general meeting (AGM) was held on 21 June 2025, and its latest financial statements are for the year ended 31 March 2025. 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 ₹82,000, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹2.48 Lakh (net margin -302.4%) and EBITDA of ₹2,000 (EBITDA margin 2.4%).
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-Three Limited's registered office is in Ahmedabad, Gujarat.
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S.G Highway Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnergy, Electric Power Generation
- 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-Three 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 Adani Transmission Step-Three Limited, buy the company report.
Financials of Adani Transmission Step-Three Limited
FY 2025 filings availableAdani Transmission Step-Three Limited reported revenue of ₹82,000 (down 100% YoY) for FY 2026.
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 | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹2,000 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.48 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 | 2.4% | |||
| Net Profit Margin | -302.4% | |||
| 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-Three Limited, buy the company report.
Board of directors of Adani Transmission Step-Three Limited
Adani Transmission Step-Three has 3 current directors and 3 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 Transmission Step-Four Limited, Adani Transmission Step-Five Limited, Sunrays Step II Limited and 5 more | Managing Director | 12 Jan 2023 | 3 Years 9 Months | Current |
| Vivek Gautam Also directs: Adani Transmission Step-Four Limited, Adani Transmission Step-Six Limited, Adani Transmission Step-Two Limited and 4 more | Director | 12 Jan 2023 | 3 Years 9 Months | Current |
| Rinesh Vinod Sanghavi Also directs: Adani Transmission Step-Two Limited, Adani Transmission Mahan Limited, Adani Electricity Kalyan Dombivli Limited and 5 more | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Adani Transmission Step-Three 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 |
|---|---|---|---|---|---|---|
| Vena Energy Fatanpur Power Private Limited | ₹122.59 Cr (FY 2025) | -13.0% | Bangalore, Karnataka, India | |||
| Octave Distributors Private Limited | ₹122.55 Cr (FY 2025) | 128.0% | North 24 Parganas, West Bengal, India | |||
| Shanti G.D.Ispat and Power Private Limited | ₹122.25 Cr (FY 2025) | 20.0% | Raipur, Chhattisgarh, India | |||
| Greenko Uravakonda Wind Power Private Limited | ₹122.18 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| JBM Renewables Private Limited | ₹122.1 Cr (FY 2025) | -15.0% | Gurgaon, Haryana, India | |||
| Echanda Urja Private Limited | ₹121.81 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Sirmour Small Hydro Power Private Limited | ₹121.7 Cr (FY 2025) | 3.0% | Bhopal, Madhya Pradesh, India | |||
| Meenakshi Energy Limited | ₹121.57 Cr (FY 2025) | 93415.0% | Ramachandrapuram, Telangana, India | |||
| Powergrid Varanasi Transmission System Limited | ₹121.36 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Grace Renewable Energy Limited | ₹121.36 Cr (FY 2025) | 55.0% | Ahmedabad, Gujarat, India | |||
| Adani Transmission Step-Three Limitedthis company | ₹82,000 (FY 2026) | -₹2.48 Lakh | -302.4% | -100.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Adani Transmission Step-Three Limited, buy the company report.
Legal cases
No court or tribunal cases involving Adani Transmission Step-Three 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-Three Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Adani Transmission Step-Three Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Adani Transmission Step-Three Limited has 8 board changes on record since 2023: 5 appointments and 3 cessations. The latest: Rinesh Vinod Sanghavi was appointed as Additional Director on 10 Nov 2025.
News
Frequently asked questions
Adani Transmission Step-Three is an active public limited company based in Ahmedabad, Gujarat, India. The company works in electric power generation, within the energy industry. It was incorporated on 12 January 2023 (3+ years old) and is registered under CIN U40106GJ2023PLC138391.
Adani Transmission Step-Three has 3 current directors:
- Hareshkumar Pravinbhai Vaghasiya - Managing Director
- Vivek Gautam - Director
- Rinesh Vinod Sanghavi - Additional Director
The latest financial statements of Adani Transmission Step-Three on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 June 2025. Year-wise statements from FY 2023 are in the company report.
The CIN (Corporate Identification Number) of Adani Transmission Step-Three is U40106GJ2023PLC138391. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Transmission Step-Three was incorporated on 12 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Adani Transmission Step-Three by revenue are Vena Energy Fatanpur Power Private Limited, Octave Distributors Private Limited, Shanti G.D.Ispat and Power Private Limited, Greenko Uravakonda Wind Power Private Limited, JBM Renewables Private Limited and 5 more, all in the same principal business activity (electric power generation, transmission and distribution).
Rinesh Vinod Sanghavi was appointed as Additional Director on 10 Nov 2025. Matulya Navinchandra Shah ceased to be Additional Director on 20 Jun 2025. Jay Kishorbhai Ambani ceased to be Director on 07 Mar 2025. Adani Transmission Step-Three has 8 board changes on record in total.
Adani Transmission Step-Three can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Adani Transmission Step-Three is at Adani Corporate House Shantigram Near Vaishno Devi Circle S.G Highway Khodiyar, Ahmedabad, Gujarat, India – 382421.
Adani Transmission Step-Three operates in the energy industry, in the electric power generation segment.
The compliance status of Adani Transmission Step-Three is compliant as of 12 September 2026. The company is actively filing with the Registrar of Companies.