- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0124687

About Adhiev India Private Limited
Data last updated:
Adhiev India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Adhiev Nanopv Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 05 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31100TN2011PTC081794. Its GSTIN is 33AAQCS6569P1ZA (Tamil Nadu).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.01 Cr. It was formerly known as Star Epsel India Private Limited. It is led by directors including Marudhappamannaiyar Ramachandran and Veeriah Vandaiyar Kamala.
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 189 T.T.K Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.91 Cr, a growth of 132% compared to the previous year. For the same year it recorded a net profit of ₹5.03 Lakh (net margin 1.7%) and EBITDA of ₹83.22 Lakh (EBITDA margin 28.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹12.25 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 1 case is pending.
Adhiev India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0124687). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adhiev.com.
Company details
Recognitions & Rankings of Adhiev India
Contact details
Adhiev India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is adhiev.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 189 T.T.K Road Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Adhiev India 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 Adhiev India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Adhiev India Private Limited, buy the company report.
Financials of Adhiev India Private Limited
FY 2024 filings availableAdhiev India Private Limited reported revenue of ₹2.91 Cr (up 132% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 132% growth in the latest year. EBITDA rose 39% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹83.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.03 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.6% | ||||
| Net Profit Margin | 1.7% | ||||
| 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 Adhiev India Private Limited, buy the company report.
Board of directors of Adhiev India Private Limited
Adhiev India 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 |
|---|---|---|---|---|
| Marudhappamannaiyar Ramachandran | Director | 05 Aug 2011 | 15 Years 2 Months | Current |
| Veeriah Vandaiyar Kamala | Director | 05 Aug 2011 | 15 Years 2 Months | Current |
| Ramachandran Marudhu Also directs: Adhiev Nanopv Private Limited, Marudhu Agropower (OPC) Private Limited, Smaa Agropower (OPC) Private Limited and 1 more | Director | 25 Sep 2012 | 14 Years 1 Months | Current |
Auditor
Adhiev India Private Limited is audited by R.KRISHNA KUMAR & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.KRISHNA KUMAR & ASSOCIATES | FY 2023 | 007667S |
Shareholding
The shareholding of Adhiev India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adhiev India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2024 | 100973428 | State Bank of India | ₹7 Cr | Open | |
| 26 Mar 2013 | 10427093 | Canara Bank | ₹5.25 Cr | Open |
To see the full charge records of Adhiev India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Adhiev India Private Limited has 7 court cases on record: 4 filed by Adhiev India, 3 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Arbitration matter | Filed against the company by M/S.Enerparc Solar Power 3 Private Limited M/S.U.Vijay Metha, 9840832422,Shiksha Jain,A.K.Pavithra,S.Sri Kamali,Meena.C and 1 other | Disposed |
| District court, Ramanathapuram, Tamil Nadu | Civil suit | Filed against the company | Pending |
| High Court, TAMIL NADU | Writ petition | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of Adhiev India Private 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 Adhiev India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adhiev India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAQCS6569P1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adhiev India Private Limited, buy the company report.
Recent activity
Adhiev India Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Ramachandran Marudhu ceased to be Additional Director on 30 Sep 2014.
Frequently asked questions
Adhiev India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 05 August 2011 (15+ years old) and is registered under CIN U31100TN2011PTC081794.
Adhiev India has 3 current directors:
- Marudhappamannaiyar Ramachandran - Director
- Veeriah Vandaiyar Kamala - Director
- Ramachandran Marudhu - Director
The latest financial statements of Adhiev India 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 Adhiev India is 33AAQCS6569P1ZA, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Adhiev India is U31100TN2011PTC081794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adhiev India has 7 court cases on record: 4 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Adhiev India was incorporated on 05 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
Ramachandran Marudhu ceased to be Additional Director on 30 Sep 2014. Ramachandran Marudhu was appointed as Director on 25 Sep 2012. Marudhappamannaiyar Ramachandran was appointed as Director on 05 Aug 2011. Adhiev India has 4 board changes on record in total.
Yes, Adhiev India is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0124687).
Adhiev India can be reached through the website adhiev.com. Its registered office is in Chennai, Tamil Nadu, India.

