About Aker Powergas Private Limited
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Aker Powergas Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Aker Solutions Holding As. It operates in the engineering design and consultancy segment of the engineering sector. It was incorporated on 17 January 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1973PTC016253. Its GSTIN is 27AAACD1981E1ZV (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹16.01 Lakh. It was formerly known as Power-Gas India Private Limited and Aker Kvaerner Powergas Private Limited. It is led by directors including Rajesh Prabhakar Joshi (Managing Director) and Dilip Nemchand Gada.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹573.89 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹111.71 Cr (net margin 19.5%) and EBITDA of ₹170.42 Cr (EBITDA margin 29.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 20% over five years.
The company has about 1,050 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹76 Cr and satisfied charges of ₹101 Cr on record. Court records list 25 cases involving the company, including 9 filed by the company and 16 filed against it; 6 cases are pending. The company has 9 deals on record (9 secondary share transfers); the latest was in February 2020. The company has 3 MSME Form 1 returns on record between 2020 and 2022, listing 6 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akersolutions.com.
Company details
Name history
Aker Powergas has undergone 3 name changes throughout its history. The company was previously known as Power-Gas India Private Limited, Aker Kvaerner Powergas Private Limited, and Kvaerner Powergas Private Limited. The current legal name is Aker Powergas Private Limited.
| Company Name | Status |
|---|---|
| Aker Powergas Private Limited | Current |
| Power-Gas India Private Limited | Previous |
| Aker Kvaerner Powergas Private Limited | Previous |
| Kvaerner Powergas Private Limited | Previous |
Contact details
Aker Powergas Private Limited's registered office is in Mumbai, Maharashtra. Its website is akersolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPowergas House I – Think Tehno Campus Village Kanjur Taluka Kurla Kanjurmarg, (East), Mumbai, Maharashtra, India – 400042
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Aker Powergas 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 Aker Powergas is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Aker Powergas Private Limited, buy the company report.
Financials of Aker Powergas Private Limited
FY 2025 filings availableAker Powergas Private Limited reported revenue of ₹573.89 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 37% growth in the latest year. EBITDA rose 133% 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 |
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| EBITDA | ₹170.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹111.71 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.7% | ||||
| Net Profit Margin | 19.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Aker Powergas Private Limited, buy the company report.
Board of directors of Aker Powergas Private Limited
Aker Powergas has 5 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Nemchand Gada | Director | 02 Dec 2021 | 4 Years 10 Months | Current |
| Henning Ostvig | Nominee Director | 09 Dec 2009 | 16 Years 10 Months | Current |
| Rajesh Prabhakar Joshi | Managing Director | 26 Sep 2019 | 7 Years 1 Months | Current |
| Henrik Makoto Inadomi | Director | 15 Apr 2024 | 2 Years 6 Months | Current |
| Olav Hoidalen | Director | 29 May 2017 | 9 Years 5 Months | Current |
Auditor
Aker Powergas Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Aker Powergas 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 Aker Powergas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2022 | 100590524 | Others | ₹10 Cr | Open | |
| 03 Oct 1997 | 80012205 | Standard Chartered Bank | ₹66 Cr | Open | |
| 13 Mar 2008 | 10092708 | Housing Development Finance Corporation Limited | ₹100 Cr | Satisfied | |
| 28 Mar 1989 | 80058498 | Rhine Valley Leasing & Finance Ltd. | ₹1 Cr | Satisfied |
To see the full charge records of Aker Powergas Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Aker Powergas Private Limited has 9 deals on record (9 secondary share transfers); the latest was in February 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Seller: an individual |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2017 | Secondary share transfer | Undisclosed | Seller: Dpg Staff Medical Benefit Trust |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Aker Solutions Holding AS |
| Sep 2016 | Secondary share transfer | Undisclosed | Seller: Dpg Staff Recreation Benefit Trust, Dpg Staff General Benefit Trust, Dpg Staff Education Benefit Trust |
To see the full deal history of Aker Powergas Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aker Powergas Private Limited has 25 court cases on record: 9 filed by Aker Powergas, 16 filed against it. 6 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 12 | 3 |
| High courts | 8 | 4 | 3 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Lodha Developers Private Limited and 1 Other and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Lodha Developers Private Limited and 1 Other | Pending |
| Bombay High Court | Court case (NMCD) | Filed against the company by Lodha Developers Private Limited and 1 Other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Lodha Developers Private Limited and 1 Other | Disposed |
| Bombay High Court | Commercial suit | Filed against the company by Lodha Developers Private Limited and 1 Other | Disposed |
To see the full case history of Aker Powergas 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
Aker Powergas Private Limited has 3 MSME Form 1 returns on record between 2020 and 2022, listing 6 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Verifacts Services Private Limited | |||
| Global Impex Services | |||
| Rentokil Initial Hygiene India Private Limited | |||
| Micropoint Computers Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Aker Powergas Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aker Powergas Private Limited has a workforce of 1,050 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Aker Powergas has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACD1981E1ZV | Maharashtra | Active | 01 Jul 2017 |
| 27AAACD1981E2ZU | Maharashtra | Active | 02 Nov 2021 |
To see the full GST registrations and return filing status of Aker Powergas Private Limited, buy the company report.
Recent activity
Aker Powergas Private Limited has 38 board changes on record since 2007: 5 appointments and 33 cessations. The latest: Henrik Makoto Inadomi ceased to be Additional Director on 06 May 2024.
37 earlier events are in the company report.
News
Frequently asked questions
Aker Powergas is an active private limited company based in Mumbai, Maharashtra, India. The company works in engineering design and consultancy, within the engineering industry. It was incorporated on 17 January 1973 (53+ years old) and is registered under CIN U74210MH1973PTC016253.
Aker Powergas has 5 current directors:
- Rajesh Prabhakar Joshi - Managing Director
- Dilip Nemchand Gada - Director
- Henning Ostvig - Nominee Director
- Henrik Makoto Inadomi - Director
- Olav Hoidalen - Director
The latest financial statements of Aker Powergas on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aker Powergas is 27AAACD1981E1ZV, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAACD1981E2ZU (Maharashtra).
The CIN (Corporate Identification Number) of Aker Powergas is U74210MH1973PTC016253. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aker Powergas has 25 court cases on record: 9 filed by the company and 16 filed against it. 6 are pending. Most are in the district courts.
Aker Powergas was incorporated on 17 January 1973, making it 53+ years old. It is registered with the Registrar of Companies, Mumbai.
Aker Powergas has 9 deals on record (9 secondary share transfers); the latest was in February 2020.
Henrik Makoto Inadomi ceased to be Additional Director on 06 May 2024. Henrik Makoto Inadomi was appointed as Director on 15 Apr 2024. Dilip Nemchand Gada ceased to be Additional Director on 23 Sep 2022. Aker Powergas has 38 board changes on record in total.
Aker Powergas has 3 MSME Form 1 returns on record between 2020 and 2022, listing 6 overdue payments to 5 micro and small suppliers. The latest return was filed on 27 Oct 2022.
Aker Powergas can be reached through the website akersolutions.com. Its registered office is in Mumbai, Maharashtra, India.
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