About Chloride Power Systems & Solutions Limited
Data last updated:
Chloride Power Systems & Solutions Limited was a public limited company based in Kolkata, West Bengal, India, operated as a subsidiary of Exide Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 16 June 1980.
The company was registered with the Registrar of Companies (ROC), Kolkata, under CIN U31100WB1980PLC032796. Its GSTIN is 19AABCC1825B1Z7 (West Bengal). The company held 9 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹6.98 Cr and a paid-up capital of ₹6.98 Cr. It was formerly known as Caldyne Automatics Ltd and Caldyne Automatics Pvt Ltd. It was led by directors including Arun Mittal and Asish Kumar Mukherjee.
Its last annual general meeting (AGM) was held on 02 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Exide House 59 E Chowringhee Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2022, the company reported a revenue of ₹78.19 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹77.26 Lakh (net margin 1%) and EBITDA of ₹2.77 Cr (EBITDA margin 3.5%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 1% over five years.
The company had about 100 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Chloride. As per MCA filings, the company had satisfied charges of ₹107.18 Cr on record. Court records list 17 cases involving the company, including 13 filed by the company and 4 filed against it; 1 case is pending. The company has 2 deals on record (2 acquisitions); the latest was in July 2007. Its 4 peer companies in the Cleantech industry (Power Equipment Manufacturers, Solar Power), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Genius Electricals and Electronics Private Limited with revenue of ₹79.28 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2022, listing 862 overdue payments to 27 micro and small suppliers.
The last known website on record is chloridepowersystems.co.in.
Company details
Name history
Chloride Power Systems & Solutions has undergone 2 name changes throughout its history. The company was previously known as Caldyne Automatics Ltd, and Caldyne Automatics Pvt Ltd. The current legal name is Chloride Power Systems & Solutions Limited.
| Company Name | Status |
|---|---|
| Chloride Power Systems & Solutions Limited | Current |
| Caldyne Automatics Ltd | Previous |
| Caldyne Automatics Pvt Ltd | Previous |
CIN history
Chloride Power Systems & Solutions has one previous CIN (Corporate Identification Number): U29221WB1980PLC032796. The current CIN is U31100WB1980PLC032796, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31100WB1980PLC032796 | Current |
| U29221WB1980PLC032796 | Previous |
Contact details
Chloride Power Systems & Solutions Limited's registered office is in Kolkata, West Bengal. Its website is chloridepowersystems.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressExide House 59 E Chowringhee Road, Kolkata, West Bengal, India – 700020
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Chloride Power Systems & 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
Brands
Chloride Power Systems & Solutions operates one associated brand: Chloride. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of low carbon UPS solutions | chloride.com |
Business activity
The main business activities of Chloride Power Systems & Solutions are manufacturing, trade and support service to organizations. 4 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading | |
| G | Trade | G2 | Retail Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Chloride Power Systems & Solutions Limited, buy the company report.
Financials of Chloride Power Systems & Solutions Limited
FY 2022 filings availableChloride Power Systems & Solutions Limited reported revenue of ₹78.19 Cr (up 35% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 35% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹78.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹77.26 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.5% | ||||
| Net Profit Margin | 1% | ||||
| 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 Chloride Power Systems & Solutions Limited, buy the company report.
Board of directors of Chloride Power Systems & Solutions Limited
Chloride Power Systems & Solutions has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Mittal Also directs: R A M Estates Private Limited | Director | 09 Jul 2010 | 16 Years 3 Months | As last reported |
| Asish Kumar Mukherjee Also directs: Exide Energy Solutions Limited | Director | 17 Apr 2006 | 20 Years 6 Months | As last reported |
| Arnab Saha Also directs: Chloride Metals Limited | Director | 01 May 2021 | 5 Years 5 Months | As last reported |
| Avik Kumar Roy Also directs: Exide Energy Solutions Limited, Exide Industries Limited, Chloride International Limited and 1 more | Director | 31 May 2019 | 7 Years 4 Months | As last reported |
Peer comparison
Chloride Power Systems & Solutions Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Power Equipment Manufacturers, Solar Power), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Genius Electricals and Electronics Private Limited | ₹79.28 Cr (FY 2024) | -5.0% | New Delhi, Delhi, India | |||
| Ohm Energy Management Sys Private Limited | ₹79.17 Cr (FY 2025) | 35.0% | Chennai, Tamil Nadu, India | |||
| Chloride Power Systems & Solutions Limitedthis company | ₹78.19 Cr (FY 2022) | ₹77.26 Lakh | 1% | 35.0% | 100 | Kolkata, West Bengal, India |
| Cape Electric Private Limited | ₹77.86 Cr (FY 2025) | 9.0% | Sriperumbudur, Tamil Nadu, India | |||
| Powerlux Industries Private Limited | ₹77.73 Cr (FY 2024) | 378.0% | Bhopal, Madhya Pradesh, India |
To see the full peer comparison of Chloride Power Systems & Solutions Limited, buy the company report.
Auditor
Chloride Power Systems & Solutions Limited is audited by SURENDRA DIDWANIA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SURENDRA DIDWANIA & CO | FY 2022 | 322745E |
Shareholding
The shareholding of Chloride Power Systems & Solutions Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Chloride Power Systems & Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 2018 | 100226198 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 12 Oct 2018 | 100227105 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 07 Jun 2003 | 90249283 | Hdfc Bank Ltd. | ₹2 Cr | Satisfied | |
| 19 Jun 2000 | 90250397 | Hdfc Bank Ltd. | ₹5.02 Cr | Satisfied | |
| 12 May 1989 | 90251048 | Canrana Bank | ₹5 Lakh | Satisfied |
To see the full charge records of Chloride Power Systems & Solutions Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Chloride Power Systems & Solutions Limited has 2 deals on record (2 acquisitions); the latest was in July 2007.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2007 | Acquisition | Undisclosed | Buyer: Exide Industries Limited |
| Jul 1999 | Acquisition | Undisclosed | Buyer: Exide Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chloride Power Systems & Solutions Limited has 17 court cases on record: 13 filed by Chloride Power Systems & Solutions, 4 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 4 | 0 |
| District courts | 4 | 0 | 1 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed by the company against Technofab Engineering Ltd | Pending |
| Calcutta High Court | Court case (FMA) | Filed by the company against Infinity E. V. Motors Pvt. Ltd | Disposed |
| Calcutta High Court | Court case (CO) | Filed by the company against Icici Bank Ltd. & Anr. | Disposed |
| Calcutta High Court | Court case (CO) | Filed against the company by Infinity EV Motors P. Ltd. | Disposed |
| District court, North Twenty Four Parganas, West Bengal | Civil suit | Filed by the company against Icici Bank Ltd. | Disposed |
To see the full case history of Chloride Power Systems & 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
Chloride Power Systems & Solutions Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 862 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Connate Electrocare N Solutions Private Limited | |||
| an individual supplier | |||
| Proelectric Projects Private Limited | |||
| Tam Engineering Solution LLP |
To see the full MSME payment records of Chloride Power Systems & Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Chloride Power Systems & Solutions Limited has a workforce of 100 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Chloride Power Systems & Solutions has 9 GST registrations: 2 active and 7 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCC1825B1Z7 | West Bengal | Active | 01 Jul 2017 |
| 09AABCC1825B1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chloride Power Systems & Solutions Limited, buy the company report.
Recent activity
Chloride Power Systems & Solutions Limited has 13 board changes on record since 2006: 4 appointments and 9 cessations. The latest: Arnab Saha ceased to be Additional Director on 22 Jun 2021.
19 earlier events are in the company report.
Frequently asked questions
Chloride Power Systems & Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Chloride Power Systems & Solutions was a public limited company based in Kolkata, West Bengal, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 16 June 1980 and is registered under CIN U31100WB1980PLC032796. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Chloride Power Systems & Solutions was incorporated on 16 June 1980. It is registered with the Registrar of Companies, Kolkata.
Chloride Power Systems & Solutions had 4 directors:
- Arun Mittal - Director
- Asish Kumar Mukherjee - Director
- Arnab Saha - Director
- Avik Kumar Roy - Director
The CIN (Corporate Identification Number) of Chloride Power Systems & Solutions is U31100WB1980PLC032796. 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 Chloride Power Systems & Solutions is at Exide House 59 E Chowringhee Road, Kolkata, West Bengal, India – 700020.
Chloride Power Systems & Solutions can be reached through the website chloridepowersystems.co.in. Its registered office is in Kolkata, West Bengal, India.
The latest financial statements of Chloride Power Systems & Solutions on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 02 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Chloride Power Systems & Solutions is 19AABCC1825B1Z7, registered in West Bengal. The company has 9 GST registrations in all, of which 2 are active and 7 are cancelled or inactive. Other active GSTINs include 09AABCC1825B1Z8 (Uttar Pradesh).
Chloride Power Systems & Solutions operated in the environment industry, in the solar energy solutions segment.
Chloride Power Systems & Solutions has 2 deals on record (2 acquisitions); the latest was in July 2007.
The peers of Chloride Power Systems & Solutions by revenue are Genius Electricals and Electronics Private Limited, Ohm Energy Management Sys Private Limited, Cape Electric Private Limited, Powerlux Industries Private Limited, all in the Cleantech industry (Power Equipment Manufacturers, Solar Power), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).