India's Richest People 2026 edition · 1 director · Source: Hurun India
- #376 Ravi Jhunjhunwala & family ₹9,900 Cr
Revenue · FY 2025
₹616 Cr
▲ 11% YoY
Net profit · FY 2025
₹119.54 Cr
Net margin 19.4%
EBITDA · FY 2025
₹306.55 Cr
EBITDA margin 49.8%
Authorised capital
₹240 Cr
Registered with MCA
Paid-up capital
₹169.28 Cr
Issued & subscribed
Satisfied charges
₹964.22 Cr
No open charges
Company age
20 yrs
Est. 2006
Employees · EPFO
5
Provident fund records
About Bhilwara Energy Limited
Data last updated:
Bhilwara Energy Limited is a public limited company based in Bhopal, Madhya Pradesh, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 17 May 2006 and has been in existence for over 20 years.
Its director Ravi Jhunjhunwala and family are #376 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31101MP2006PLC071693. Its GSTIN is 27AACCB9081B1ZU (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹240 Cr and a paid-up capital of ₹169.28 Cr. It is led by directors including Rishabh Jhunjhunwala (Managing Director) and Riju Jhunjhunwala (Managing Director).
Its last annual general meeting (AGM) was held on 23 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at C/O Heg Limited Mandideep, Near Bhopal District Raisen, Madhya Pradesh, India – 462046.
As per the financials filed for FY 2025, the company reported a revenue of ₹616 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹119.54 Cr (net margin 19.4%) and EBITDA of ₹306.55 Cr (EBITDA margin 49.8%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 11% over five years.
The company has about 5 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand: Bhilwara Energy. As per MCA filings, the company has satisfied charges of ₹964.22 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 9 filed against it. The company has 20 deals on record (12 secondary share transfers, 8 funding rounds), with disclosed funding of ₹881.93 Cr; the latest was in April 2025. Its 9 peer companies in the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 5 smaller; the largest is Gujarat Power Corporation Limited with revenue of ₹627.34 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 bhilwaraenergy.com.
Company details
CIN U31101MP2006PLC071693
Registration Number 071693
Incorporation Date 17 May 2006
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Bhilwara Energy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31101MP2006PLC071693, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31101MP2006PLC071693 | Current |
| U31101DL2006PLC148862 | Previous |
| U35100MP2006PLC071693 | Previous |
Key People
Basant Kumar Jain Ceo Rishabh Jhunjhunwala Managing Director Riju Jhunjhunwala Managing Director Recognitions & Rankings of Bhilwara Energy
Contact details
Bhilwara Energy Limited's registered office is in Bhopal, Madhya Pradesh. Its website is bhilwaraenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O Heg Limited Mandideep, Near Bhopal District Raisen, Madhya Pradesh, India – 462046
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Bhilwara Energy Limited, buy the company report.
Comprehensive company report
Bhilwara Energy Limited - one report that includes everything
- 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
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Brands
Bhilwara Energy operates one associated brand: Bhilwara Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hydel power assets are operated in India and Nepal. | bhilwaraenergy.com |
Business activity
The main business activity of Bhilwara Energy 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 Bhilwara Energy Limited, buy the company report.
Financials of Bhilwara Energy Limited
FY 2024 filings availableBhilwara Energy Limited reported revenue of ₹616 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹616 Cr ▲ 11%
Net profit · FY 2025
₹119.54 Cr margin 19.4%
EBITDA · FY 2025
₹306.55 Cr margin 49.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 12%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 22%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 11% growth in the latest year. EBITDA fell 22% 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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| Total Expenses | |||||
| EBITDA | ₹306.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹119.54 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 | 49.8% | ||||
| Net Profit Margin | 19.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Bhilwara Energy Limited, buy the company report.
Board of directors and KMP of Bhilwara Energy Limited
Bhilwara Energy Limited currently reports 6 directors and 1 key managerial person. 21 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basant Kumar Jain Also directs: Lnj1 Renewable Energy Limited, Lnj3 Renewable Energy Limited, Lnj4 Renewable Energy Limited and 3 more | Ceo | 01 Dec 2025 | 0 Years 11 Months | Current |
| Pradeep Agarwal | Director | 27 Dec 2024 | 1 Years 10 Months | Current |
| Rishabh Jhunjhunwala Also directs: RR Family Advisory and Consulting LLP, Minds Overthetop Consultants LLP, Redrose Vanijya LLP and 5 more | Managing Director | 03 Jun 2010 | 16 Years 5 Months | Current |
| Riju Jhunjhunwala Also directs: Riju Advisory and Consulting LLP, Minds Overthetop Consultants LLP, Redrose Vanijya LLP and 5 more | Managing Director | 03 Jun 2010 | 16 Years 5 Months | Current |
| Yash Kela Also directs: Param Ventures LLP, Singularity Consultancy LLP, Artha Singularity Venture Partners LLP and 5 more | Nominee Director | 22 Apr 2025 | 1 Years 6 Months | Current |
| Niharika Bindra Also directs: BG Wind Power Limited | Director | 25 Jul 2025 | 1 Years 3 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Bhilwara Energy Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Gujarat Power Corporation Limited | ₹627.34 Cr (FY 2024) | 10.0% | Gandhinagar, Gujarat, India | |||
| Indigrid Limited | ₹625.51 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Ast Telecom Solar Private Limited | ₹625.32 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Vadinar Power Company Limited | ₹624.3 Cr (FY 2018) | -24.0% | Jamnagar, Gujarat, India | |||
| Bhilwara Energy Limitedthis company | ₹616 Cr (FY 2025) | ₹119.54 Cr | 19.4% | 11.0% | 5 | Bhopal, Madhya Pradesh, India |
| Matrix Gas and Renewables Limited | ₹614.34 Cr (FY 2024) | 25.0% | Ahmedabad, Gujarat, India | |||
| Reliance Interactive Advisors Private Limited | ₹600.96 Cr (FY 2024) | 46.0% | Mumbai, Maharashtra, India | |||
| Ampin Energy Transition Private Limited | ₹591.54 Cr (FY 2025) | 52.0% | New Delhi, Delhi, India | |||
| Halvad Transmission Limited | ₹587.44 Cr (FY 2025) | 3064.0% | Ahmedabad, Gujarat, India | |||
| Aditya Birla Renewables Limited | ₹584.09 Cr (FY 2025) | 47.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Bhilwara Energy Limited, buy the company report.
Auditor
Bhilwara Energy Limited is audited by Doogar & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Doogar & Associates | FY 2023 | 000561N |
Shareholding
The shareholding of Bhilwara Energy 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 Bhilwara Energy Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹964.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2019 | 100278767 | Others | ₹50.72 Cr | Satisfied | |
| 23 Mar 2018 | 100163289 | Others | ₹55.63 Cr | Satisfied | |
| 15 Jan 2018 | 100152837 | Idbi Trusteeship Services Limited | ₹75 Cr | Satisfied | |
| 11 Jan 2018 | 100165995 | Idbi Trusteeship Services Limited | ₹32.16 Cr | Satisfied | |
| 28 Nov 2016 | 100067770 | Yes Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Bhilwara Energy Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Bhilwara Energy Limited has 20 deals on record (12 secondary share transfers, 8 funding rounds), with disclosed funding of ₹881.93 Cr; the latest was in April 2025.
Total deals
20
Secondary share transfers
12
Funding rounds
8
Disclosed funding
₹881.93 Cr
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Funding round | ₹250 Cr | Investors: Singularity Growth Oppartunities Fund II, Singularity Equity Fund I, Plutus Wealth Management LLP |
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: Jet(India) Pvt Ltd , Shashi Commercial Co Ltd , Raghav Commercial Ltd Seller: an individual |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: Bharat Investment Growth Limited , Dreamon Commercial Private Limited Seller: International Finance Corporation, Nivedan Vanijya Niyojan Ltd |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Ravi Jhunjhunwala Huf, Jacob Ballas Seller: HEG Limited, RSWM Limited |
| May 2014 | Funding round | ₹99.37 Cr | Investors: HEG Limited, RSWM Limited , 2 individuals |
To see the full deal history of Bhilwara Energy 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
Bhilwara Energy Limited has 15 court cases on record: 6 filed by Bhilwara Energy, 9 filed against it. All cases are disposed.
Total cases
15
Filed by the company
6
Filed against the company
9
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 6 | 0 |
| District courts | 3 | 3 | 0 |
| Supreme Court | 3 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Mr. Tanmay Das Chudhury Director, Kangteng Hydro Power Private Limited, Having Its Office at Plot No.304, L-Iii, Road No.78, Jubilee Hills, Hyderabad , District: Hyderabad ,Hyderabad , Telangana and 5 others | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Inox Wind Limited | Disposed |
| High Court of Delhi | Tax appeal | Filed against the company by Principal Commissioner of Income Tax-1 Delhi | Disposed |
| High Court of Delhi | Tax appeal | Filed against the company by Principal Commissioner of Income Tax (Central)-3 | Disposed |
| High Court, Arunachal Pradesh | Arbitration matter | Filed by the company against an individual | Disposed |
To see the full case history of Bhilwara Energy 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 Bhilwara Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Bhilwara Energy has 7 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
7
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Replus Engitech Private Limited | U31900PN2018PTC180903 | |
| NJC Hydro Power Limited | U40101DL2009PLC196998 | |
| Malana Power Company Limited | U40101HP1997PLC019959 | |
| Ad Hydro Power Limited | U40101HP2003PLC026108 | |
| Chango Yangthang Hydro Power Limited | U40101HP2011PLC031772 | |
| BG Wind Power Limited | U40300DL2014PLC272660 |
To see the full group structure of Bhilwara Energy Limited, buy the company report.
Employees & EPFO
Bhilwara Energy Limited has a workforce of 5 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
GST
Bhilwara Energy has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCB9081B1ZU | Maharashtra | Active | 01 Jul 2017 |
| 09AACCB9081B1ZS | Uttar Pradesh | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Bhilwara Energy Limited, buy the company report.
Recent activity
Bhilwara Energy Limited has 28 board changes on record since 2008: 7 appointments and 21 cessations. The latest: Basant Kumar Jain was appointed as CEO on 01 Dec 2025.
Appointed
Basant Kumar Jain was appointed as CEO.
Ceased
Basant Kumar Jain ceased to be Additional Director.
Ceased
Pradeep Agarwal ceased to be Additional Director.
Appointed
Niharika Bindra was appointed as Director.
Ceased
Yash Kela ceased to be Additional Director.
Appointed
Yash Kela was appointed as Nominee Director.
Appointed
Pradeep Agarwal was appointed as Director.
AGM
Bhilwara Energy Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.
Filing
Bhilwara Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge registered on 08 Jul 2019 via Charge ID 100278767 with Others was fully satisfied on 15 Feb 2024.
Charges
A charge registered on 28 Nov 2016 via Charge ID 100067770 with Yes Bank Limited was fully satisfied on 06 Jul 2020.
Charges
A charge with Others amounted to Rs. 50.72 Cr with Charge ID 100278767 was registered on 08 Jul 2019.
44 earlier events are in the company report.
News
Frequently asked questions
Bhilwara Energy is an active public limited company based in Bhopal, Madhya Pradesh, India. The company works in power epc, within the energy and power industry. It was incorporated on 17 May 2006 (20+ years old) and is registered under CIN U31101MP2006PLC071693.
Bhilwara Energy has 7 current directors and KMP:
- Rishabh Jhunjhunwala - Managing Director
- Riju Jhunjhunwala - Managing Director
- Pradeep Agarwal - Director
- Yash Kela - Nominee Director
- Niharika Bindra - Director
- Ravi Jhunjhunwala - Director
- Basant Kumar Jain - Ceo
The latest financial statements of Bhilwara Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 23 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhilwara Energy is 27AACCB9081B1ZU, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 09AACCB9081B1ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Bhilwara Energy is U31101MP2006PLC071693. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhilwara Energy has 15 court cases on record: 6 filed by the company and 9 filed against it. Most are in the high courts.
Bhilwara Energy was incorporated on 17 May 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
Bhilwara Energy has 20 deals on record (12 secondary share transfers, 8 funding rounds), with disclosed funding of ₹881.93 Cr; the latest was in April 2025.
The peers of Bhilwara Energy by revenue are Gujarat Power Corporation Limited, Indigrid Limited, Ast Telecom Solar Private Limited, Vadinar Power Company Limited, Matrix Gas and Renewables Limited and 4 more, all in the same principal business activity (electric power generation, transmission and distribution).
Basant Kumar Jain was appointed as CEO on 01 Dec 2025. Basant Kumar Jain ceased to be Additional Director on 01 Dec 2025. Pradeep Agarwal ceased to be Additional Director on 29 Sep 2025. Bhilwara Energy has 28 board changes on record in total.
Bhilwara Energy can be reached through the website bhilwaraenergy.com. Its registered office is in Bhopal, Madhya Pradesh, India.
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