About Bajoli Holi Hydropower Private Limited
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Bajoli Holi Hydropower Private Limited is a private limited company based in Chamba, Himachal Pradesh, India, a subsidiary of Gmr Energy Limited. It operates in the hydroelectric power solutions segment of the environmental services sector. It was incorporated on 01 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U40101HP2008PTC030971. Its GSTIN is 02AADCG2814N1ZS (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹825 Cr and a paid-up capital of ₹538 Cr. It was formerly known as Gmr Bajoli Holi Hydropower Private Limited. It is led by directors including Sanjay Barde Narayan and Gunjan Beria.
Its last annual general meeting (AGM) was held on 29 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gmr Office Village Deol Po Holi Sub – Tehsil – Holi Tehsil Bharmour, Chamba, Himachal Pradesh, India – 176326.
As per the financials filed for FY 2025, the company reported a revenue of ₹419.64 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹715.73 Cr (net margin -170.6%) and EBITDA of -₹343.53 Cr (EBITDA margin -81.9%). Revenue has grown at a compounded annual rate (CAGR) of 995% over three years and 487% over five years.
As per MCA filings, the company has open charges of ₹2,250 Cr and satisfied charges of ₹2,149.76 Cr on record. Court records list 17 cases involving the company, including 9 filed by the company and 8 filed against it; 5 cases are pending. The company has 6 deals on record (2 funding rounds, 2 convertible or debt financings, 2 rights issues), with disclosed funding of ₹1,607.95 Cr; the latest was in September 2024. Its 7 peer companies in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Choudhary Power Projects Private Limited with revenue of ₹506.18 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gmrgroup.in.
Company details
Contact details
Bajoli Holi Hydropower Private Limited's registered office is in Chamba, Himachal Pradesh. Its website is gmrgroup.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressGmr Office Village Deol Po Holi Sub – Tehsil – Holi Tehsil Bharmour, Chamba, Himachal Pradesh, India – 176326
- IndustryEnvironment, Hydroelectric Power Solutions
To see the full contact details of Bajoli Holi Hydropower 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 Bajoli Holi Hydropower 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 Bajoli Holi Hydropower Private Limited, buy the company report.
Financials of Bajoli Holi Hydropower Private Limited
FY 2025 filings availableBajoli Holi Hydropower Private Limited reported revenue of ₹419.64 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 487%. EBITDA fell 209% 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 | -₹343.53 Cr | ||||
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| Net Profit (PAT) | -₹715.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -81.9% | ||||
| Net Profit Margin | -170.6% | ||||
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To see the full financial statements and ratios of Bajoli Holi Hydropower Private Limited, buy the company report.
Board of directors of Bajoli Holi Hydropower Private Limited
Bajoli Holi Hydropower has 7 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Barde Narayan | Director | 23 Jan 2017 | 9 Years 9 Months | Current |
| Gunjan Beria Also directs: Synergy Capcorp India Private Limited, GMR Vemagiri Power Generation Limited, Synergy Saurashtra Private Limited and 2 more | Director | 08 May 2025 | 1 Years 5 Months | Current |
| Sandeep Maheshwari Also directs: GMR Rajahmundry Energy Limited, Synergy Saurashtra Private Limited | Additional Director | 08 May 2025 | 1 Years 5 Months | Current |
| Ranganathan Venkataramani | Additional Director | 08 May 2025 | 1 Years 5 Months | Current |
| Amrendra Prasad Choudhary Also directs: Synergy Capcorp India Private Limited | Additional Director | 08 May 2025 | 1 Years 5 Months | Current |
| Radhakrishna Babu Gadi Also directs: GMR Cargo and Logistics Limited, Delhi Duty Free Services Private Limited, GMR Hospitality Limited and 4 more | Director | 11 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Bajoli Holi Hydropower Private Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (Hydro 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 |
|---|---|---|---|---|---|---|
| Choudhary Power Projects Private Limited | ₹506.18 Cr (FY 2024) | -23.0% | Jammu, Jammu and Kashmir, India | |||
| Sandur Power Company Private Limited | ₹505.35 Cr (FY 2025) | -34.0% | Bangalore, Karnataka, India | |||
| Ramanagaram Enterprises Private Limited | ₹482.52 Cr (FY 2023) | 188.0% | Hyderabad, Telangana, India | |||
| Bajoli Holi Hydropower Private Limitedthis company | ₹419.64 Cr (FY 2025) | -₹715.73 Cr | -170.6% | -3.0% | Chamba, Himachal Pradesh, India | |
| Ad Hydro Power Limited | ₹369.11 Cr (FY 2025) | 11.0% | Himachal Pradesh, India | |||
| Renew Jal Urja Private Limited | ₹338.9 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Madhya Bharat Power Corporation Limited | ₹273.06 Cr (FY 2025) | -2.0% | Raipur, Chhattisgarh, India | |||
| Bhoruka Power Corporation Limited | ₹250.4 Cr (FY 2024) | -5.0% | Bangalore - 56001, Karnataka, India |
To see the full peer comparison of Bajoli Holi Hydropower Private Limited, buy the company report.
Auditor
Bajoli Holi Hydropower Private Limited is audited by PHANIBHUSHAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PHANIBHUSHAN & CO | FY 2023 | 012481S |
Shareholding
The shareholding of Bajoli Holi Hydropower 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Bajoli Holi Hydropower Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2024 | 101002464 | Others | ₹2,250 Cr | Open | |
| 19 Aug 2016 | 100045498 | Idbi Trusteeship Services Limited | ₹200 Cr | Satisfied | |
| 25 Apr 2013 | 10426945 | Idbi Trusteeship Services Limited | ₹1,799.76 Cr | Satisfied | |
| 04 Oct 2010 | 10245277 | Yes Bank Limited | ₹150 Cr | Satisfied |
To see the full charge records of Bajoli Holi Hydropower Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Bajoli Holi Hydropower Private Limited has 6 deals on record (2 funding rounds, 2 convertible or debt financings, 2 rights issues), with disclosed funding of ₹1,607.95 Cr; the latest was in September 2024.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Funding round | ₹108.33 Cr | Investors: Delhi International Airport Limited |
| Apr 2017 | Rights issue | ₹47 Cr | Investors: GMR Energy Limited |
| May 2016 | Rights issue | ₹181.56 Cr | Investors: GMR Energy Limited |
| Mar 2013 | Funding round | ₹182.53 Cr | Investors: GMR Energy Limited |
To see the full deal history of Bajoli Holi Hydropower 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
Bajoli Holi Hydropower Private Limited has 17 court cases on record: 9 filed by Bajoli Holi Hydropower, 8 filed against it. 5 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 4 | 5 |
| District courts | 4 | 4 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Gammon Engineers and Contractors Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Gammon Engineers and Contractors Pvt. Ltd | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against State of HP and Others | Pending |
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against State of HP and Others | Pending |
| High Court, HIMACHAL PRADESH | Writ petition | Filed against the company by individuals | Pending |
To see the full case history of Bajoli Holi Hydropower 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.
Credit ratings & regulatory alerts
Bajoli Holi Hydropower Private Limited was last rated by Care on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Bajoli Holi Hydropower Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bajoli Holi Hydropower Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bajoli Holi Hydropower has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AADCG2814N1ZS | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bajoli Holi Hydropower Private Limited, buy the company report.
Recent activity
Bajoli Holi Hydropower Private Limited has 39 board changes on record since 2011: 8 appointments and 31 cessations. The latest: Gunjan Beria ceased to be Additional Director on 28 Jul 2025.
40 earlier events are in the company report.
News
Frequently asked questions
Bajoli Holi Hydropower is an active private limited company based in Chamba, Himachal Pradesh, India. The company works in hydroelectric power solutions, within the environment industry. It was incorporated on 01 October 2008 (18+ years old) and is registered under CIN U40101HP2008PTC030971.
Bajoli Holi Hydropower has 7 current directors:
- Sanjay Barde Narayan - Director
- Gunjan Beria - Director
- Sandeep Maheshwari - Additional Director
- Ranganathan Venkataramani - Additional Director
- Amrendra Prasad Choudhary - Additional Director
- Radhakrishna Babu Gadi - Director
- Samrat Mitra - Director
The latest financial statements of Bajoli Holi Hydropower on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bajoli Holi Hydropower is 02AADCG2814N1ZS, registered in Himachal Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Bajoli Holi Hydropower is U40101HP2008PTC030971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bajoli Holi Hydropower has 17 court cases on record: 9 filed by the company and 8 filed against it. 5 are pending. Most are in the high courts.
Bajoli Holi Hydropower was incorporated on 01 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Bajoli Holi Hydropower has 6 deals on record (2 funding rounds, 2 convertible or debt financings, 2 rights issues), with disclosed funding of ₹1,607.95 Cr; the latest was in September 2024.
The peers of Bajoli Holi Hydropower by revenue are Choudhary Power Projects Private Limited, Sandur Power Company Private Limited, Ramanagaram Enterprises Private Limited, Ad Hydro Power Limited, Renew Jal Urja Private Limited and 2 more, all in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution).
Gunjan Beria ceased to be Additional Director on 28 Jul 2025. Samrat Mitra was appointed as Director on 04 Jul 2025. Amrendra Prasad Choudhary was appointed as Additional Director on 08 May 2025. Bajoli Holi Hydropower has 39 board changes on record in total.
Bajoli Holi Hydropower can be reached through the website gmrgroup.in. Its registered office is in Chamba, Himachal Pradesh, India.
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