About Addin Power Limited
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Addin Power Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 25 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40101GJ2016PLC094204. Its GSTIN is 24AAOCA8601L1ZG (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹10 Lakh. It is led by directors including Chovatiya Chetankumar Haribhai and Nikul Haribhai Chovatiya.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Unit No. 02 2nd Floor Narnarayan Complex Nr. Navrangpura Bus Stand, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.22 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹2.43 Lakh (net margin 0.8%) and EBITDA of ₹18.29 Lakh (EBITDA margin 5.7%).
The company has about 4 employees on its provident fund (EPFO) records.
Court records list 9 cases involving the company, including 9 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website addinpower.com.
Company details
Contact details
Addin Power Limited's registered office is in Ahmedabad, Gujarat. Its website is addinpower.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressUnit No. 02 2nd Floor Narnarayan Complex Nr. Navrangpura Bus Stand, Ahmedabad, Gujarat, India – 380009
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Addin Power 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 Addin 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 Addin Power Limited, buy the company report.
Financials of Addin Power Limited
FY 2019 filings availableAddin Power Limited reported revenue of ₹3.22 Cr (down 45% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 45% in the latest year. EBITDA fell 78% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | ₹3.22 Cr | ||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹18.29 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹2.43 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 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 5.7% | ||
| Net Profit Margin | 0.8% | ||
| 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 Addin Power Limited, buy the company report.
Board of directors of Addin Power Limited
Addin Power has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chovatiya Chetankumar Haribhai | Director | 25 Oct 2016 | 10 Years 0 Months | Current |
| Nikul Haribhai Chovatiya | Director | 25 Oct 2016 | 10 Years 0 Months | Current |
| Ashish Jitendra Joshi Also directs: Nikins Solar Power LLP, Addin Power Park LLP, Nishtha Finance and Investment (India) Ltd and 4 more | Director | 25 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Addin Power Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power), 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 |
|---|---|---|---|---|---|---|
| MB Green Energy Private Limited | ₹3.23 Cr (FY 2024) | 24.0% | Hyderabad, Telangana, India | |||
| N T Power Projects ( India ) Private Limited | ₹3.22 Cr (FY 2024) | 5.0% | Hyderabad, Telangana, India | |||
| Addin Power Limitedthis company | ₹3.22 Cr (FY 2019) | ₹2.43 Lakh | 0.8% | -45.0% | 4 | Ahmedabad, Gujarat, India |
| Luxra Solar India Private Limited | ₹3.21 Cr (FY 2025) | -38.0% | Pune, Maharashtra, India | |||
| Vikramaditya Renewable Energy Private Limited | ₹3.2 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Sunstrength Solar Private Limited | ₹3.18 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Addin Power Limited, buy the company report.
Auditor
Addin Power Limited is audited by JADAWALA & SHAH for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JADAWALA & SHAH | FY 2019 | 134512W |
Shareholding
The shareholding of Addin Power 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 2018 | FY 2017 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Addin Power Limited, buy the company report.
Legal cases
Addin Power Limited has 9 court cases on record: 9 filed against it. 5 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 9 | 5 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Lendingkart Finance Limited | Pending |
| District court, RAJKOT, Gujarat | Criminal miscellaneous application | Filed against the company by Authum Investment and Infrastructure Ltd. | Disposed |
| District court, Junagadh, Gujarat | Criminal complaint | Filed against the company by Namasthetu Rays Pvt.Ltd. Through Its Director Mukeshkumar Laljibhai Bhut | Disposed |
| District court, Junagadh, Gujarat | Criminal complaint | Filed against the company by Vakratund Power Pvt. Ltd. Director Orthorise Signatury Mukeshbhai Laljibhai Bhut | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Pending |
To see the full case history of Addin Power 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.
Credit ratings & regulatory alerts
Addin Power Limited was last rated by Crisil on 24 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Jan 2019 |
To see the full credit ratings and regulatory alerts of Addin Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Addin Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Addin Power Limited has a workforce of 4 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Addin Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCA8601L1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Addin Power Limited, buy the company report.
Recent activity
Addin Power Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Nikul Haribhai Chovatiya ceased to be Director on 03 Sep 2020.
Frequently asked questions
Addin Power is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 25 October 2016 (10+ years old) and is registered under CIN U40101GJ2016PLC094204.
Addin Power has 3 current directors:
- Chovatiya Chetankumar Haribhai - Director
- Nikul Haribhai Chovatiya - Director
- Ashish Jitendra Joshi - Director
The latest financial statements of Addin Power on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Addin Power is 24AAOCA8601L1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Addin Power is U40101GJ2016PLC094204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Addin Power has 9 court cases on record: 9 filed against it. 5 are pending.
Addin Power was incorporated on 25 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Addin Power by revenue are MB Green Energy Private Limited, N T Power Projects ( India ) Private Limited, Luxra Solar India Private Limited, Vikramaditya Renewable Energy Private Limited, Sunstrength Solar Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Nikul Haribhai Chovatiya ceased to be Director on 03 Sep 2020. Ashish Jitendra Joshi was appointed as Director on 25 Oct 2016. Chovatiya Chetankumar Haribhai was appointed as Director on 25 Oct 2016. Addin Power has 4 board changes on record in total.
Addin Power can be reached through the website addinpower.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Addin Power is at Unit No. 02 2nd Floor Narnarayan Complex Nr. Navrangpura Bus Stand, Ahmedabad, Gujarat, India – 380009.