About CG Power Solutions Limited
Data last updated:
CG Power Solutions Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Cg Power And Industrial Solutions Limited. The company has been dissolved under section 54 as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 14 March 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2012PLC228170. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Tukaram Hanumant Desai and Mohammed Minhajuddin.
Its last annual general meeting (AGM) was held on 29 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 6th Floor Cg House Dr Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030.
As per MCA filings, the company had satisfied charges of ₹300 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 5 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in August 2017.
The last known website on record is cgglobal.com.
Company details
Contact details
CG Power Solutions Limited's registered office is in Mumbai, Maharashtra. Its website is cgglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address6th Floor Cg House Dr Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of CG Power Solutions 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
Financials of CG Power Solutions Limited
FY 2021 filings availableFinancial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 CG Power Solutions Limited, buy the company report.
Board of directors of CG Power Solutions Limited
CG Power Solutions has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tukaram Hanumant Desai | Director | 05 Feb 2021 | 5 Years 8 Months | As last reported |
| Mohammed Minhajuddin | Director | 26 May 2021 | 5 Years 5 Months | As last reported |
| Pramugdha Anand | Additional Director | 28 Feb 2022 | 4 Years 8 Months | As last reported |
Auditor
CG Power Solutions Limited is audited by C. N. K. & Associates LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C. N. K. & Associates LLP | FY 2021 | 101961W/W100036 |
Shareholding
The shareholding of CG Power Solutions Limited is on record for 5 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 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of CG Power Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2016 | 100054880 | Yes Bank Limited | ₹300 Cr | Satisfied |
To see the full charge records of CG Power Solutions Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
CG Power Solutions Limited has 4 deals on record (4 secondary share transfers); the latest was in August 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
CG Power Solutions Limited has 11 court cases on record: 9 filed by CG Power Solutions, 2 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 1 | 5 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed by the company against Avantha Holdings Limited and 4 Ors and 7 others | Pending |
| High Court, MAHARASHTRA | Commercial suit | Filed by the company against Solaris Industrial Chemicals Ltd. and 5 Ors and 7 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Solaris Industrial Chemicals Ltd. and 5 Ors and 2 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Avantha Holdings Limited and 4 Ors and 1 other | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by CG Power and Industrial Solutionslimited | Disposed |
To see the full case history of CG Power Solutions 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 CG Power Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
CG Power Solutions has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of CG Power Solutions Limited, buy the company report.
Recent activity
CG Power Solutions Limited has 13 board changes on record since 2013: 3 appointments and 10 cessations. The latest: Pramugdha Anand was appointed as Additional Director on 28 Feb 2022.
6 earlier events are in the company report.
News
Frequently asked questions
CG Power Solutions has been "Dissolved Under Section 54" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
CG Power Solutions was a public limited company based in Mumbai, Maharashtra, India. The company worked in power transmission and distribution services, within the energy and power industry. It was incorporated on 14 March 2012 and is registered under CIN U40300MH2012PLC228170. The company is recorded as dissolved under section 54 in MCA records and no longer exists as a legal entity.
CG Power Solutions was incorporated on 14 March 2012. It is registered with the Registrar of Companies, Mumbai.
CG Power Solutions had 3 directors:
- Tukaram Hanumant Desai - Director
- Mohammed Minhajuddin - Director
- Pramugdha Anand - Additional Director
The CIN (Corporate Identification Number) of CG Power Solutions is U40300MH2012PLC228170. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of CG Power Solutions is at 6th Floor Cg House Dr Annie Besant Road Worli, Mumbai, Maharashtra, India – 400030.
CG Power Solutions can be reached through the website cgglobal.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of CG Power Solutions on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 29 November 2021. Year-wise statements from 2015 are in the company report.
No. CG Power Solutions has 1 GST registration on record and it is cancelled or inactive.
CG Power Solutions operated in the energy and power industry, in the power transmission and distribution services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
