MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0019530
Corrtech Energy Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹163.54 Cr
▲ 11% YoY
Net profit · FY 2024
₹13.35 Cr
Net margin 8.2%
EBITDA · FY 2024
₹24.89 Cr
EBITDA margin 15.2%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹18.12 Cr
Issued & subscribed
Open charges
₹59.82 Cr
Satisfied ₹554.16 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
387
Provident fund records
About Corrtech Energy Limited
Data last updated:
Corrtech Energy Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Corrtech International Limited. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 02 May 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52330GJ2000PLC037925. Its GSTIN is 24AAACI8838F1ZK (Gujarat). The company holds 18 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹18.12 Cr. It was formerly known as Iec International Limited and Mjb India Gas Turbine Services Limited. It is led by directors including Prashant Sandeep Mittal (Managing Director) and Sandeep Indrasen Mittal (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shed No 7 Survey No 407 Sp – 3 New Ahmedabad Industrial Estate Near Sarvodaya Hotel, Changodar, Gujarat, India – 382213.
As per the financials filed for FY 2024, the company reported a revenue of ₹163.54 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹13.35 Cr (net margin 8.2%) and EBITDA of ₹24.89 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 22% over five years.
The company has about 387 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Corrtech Energy. As per MCA filings, the company has open charges of ₹59.82 Cr and satisfied charges of ₹554.16 Cr on record. Court records list 30 cases involving the company, including 14 filed by the company and 16 filed against it; 11 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.51 Cr; the latest was in July 2025. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 701 overdue payments to 73 micro and small suppliers.
Corrtech Energy Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0019530). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website corrtechenergy.com.
Company details
CIN U52330GJ2000PLC037925
Registration Number 037925
Incorporation Date 02 May 2000
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Corrtech International Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0019530
Name history
Corrtech Energy has undergone 2 name changes throughout its history. The company was previously known as Iec International Limited, and Mjb India Gas Turbine Services Limited. The current legal name is Corrtech Energy Limited.
| Company Name | Status |
|---|---|
| Corrtech Energy Limited | Current |
| Iec International Limited | Previous |
| Mjb India Gas Turbine Services Limited | Previous |
CIN history
Corrtech Energy has one previous CIN (Corporate Identification Number): U52330GJ2000PTC037925. The current CIN is U52330GJ2000PLC037925, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U52330GJ2000PLC037925 | Current |
| U52330GJ2000PTC037925 | Previous |
Key People
Prashant Sandeep Mittal Managing Director Sandeep Indrasen Mittal Managing Director Amit Indrasen Mittal Whole-Time Director Recognitions & Rankings of Corrtech Energy
Contact details
Corrtech Energy Limited's registered office is in Ahmedabad, Gujarat. Its website is corrtechenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShed No 7 Survey No 407 Sp – 3 New Ahmedabad Industrial Estate Near Sarvodaya Hotel, Changodar, Gujarat, India – 382213
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Corrtech Energy Limited, buy the company report.
Comprehensive company report
Corrtech 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
Corrtech Energy operates one associated brand: Corrtech Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and repair services for aerospace, defense, and turbine components in India. | corrtechenergy.com |
Business activity
The main business activities of Corrtech Energy are construction and manufacturing. In detail, this covers roads, railways, utility projects and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Corrtech Energy Limited, buy the company report.
Financials of Corrtech Energy Limited
FY 2024 filings availableCorrtech Energy Limited reported revenue of ₹163.54 Cr (up 11% YoY) for FY 2024.
Revenue · FY 2024
₹163.54 Cr ▲ 11%
Net profit · FY 2024
₹13.35 Cr margin 8.2%
EBITDA · FY 2024
₹24.89 Cr margin 15.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 12%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 73%
3 years · compounded
▲ 81%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 11% growth in the latest year. EBITDA rose 73% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹24.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 8.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Corrtech Energy Limited, buy the company report.
Board of directors and KMP of Corrtech Energy Limited
Corrtech Energy Limited currently reports 5 directors and 1 key managerial person. 5 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Sandeep Mittal Also directs: Corrosion Cures Private Limited | Managing Director | 28 Feb 2025 | 1 Years 7 Months | Current |
| Amit Indrasen Mittal | Whole-Time Director | 02 May 2000 | 26 Years 5 Months | Current |
| Vimal Maganbhai Patel | Director | 14 Mar 2022 | 4 Years 7 Months | Current |
| Kavita Amitbhai Mittal Also directs: Iec Projects Limited | Director | 02 May 2000 | 26 Years 5 Months | Current |
| Vinod Bhoorchand Jain | Cfo | 14 Jul 2025 | 1 Years 3 Months | Current |
| Sandeep Indrasen Mittal | Managing Director | 01 Apr 2012 | 14 Years 6 Months | Current |
Shareholding
The shareholding of Corrtech 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 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 Corrtech Energy Limited, buy the company report.
Charges & borrowings
Open charges
₹59.82 Cr
Satisfied charges
₹554.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2025 | 101175636 | Others | ₹15 Cr | Open | |
| 01 Oct 2025 | 101164226 | Sidbi | ₹3.79 Cr | Open | |
| 25 Jul 2025 | 101128567 | Axis Bank Limited | ₹28 Lakh | Open | |
| 03 Mar 2025 | 101095382 | Axis Bank Limited | ₹1.35 Cr | Open | |
| 01 Mar 2025 | 101095383 | Axis Bank Limited | ₹77 Lakh | Open |
To see the full charge records of Corrtech Energy Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
Corrtech Energy Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.51 Cr; the latest was in July 2025.
Total deals
4
Funding rounds
2
Secondary share transfers
2
Disclosed funding
₹12.51 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹7.01 Cr | Investors: 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: Corrtech International Private Limited & Harini Mittal, Corrtech International Private Limited , Corrtech International Private Limited & Shailesh Javia Seller: Iec Projects Limited , 3 individuals |
| Nov 2008 | Funding round | ₹5.5 Cr | Investors: Corrtech International Private Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Corrtech Energy Limited has 30 court cases on record: 14 filed by Corrtech Energy, 16 filed against it. 11 cases are pending and 19 are disposed.
Total cases
30
Filed by the company
14
Filed against the company
16
Pending
11
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 12 | 4 |
| High courts | 13 | 4 | 5 |
| Supreme Court | 2 | 0 | 2 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Indian Oil Corporation Ltd. | Pending |
| High Court of Gujarat | Court case (SCR.A) | Filed by the company against Reliance Ethane Pipeline Limited and 1 other | Pending |
| High Court of Delhi | Commercial suit | Filed by the company against Indian Oil Corporation Ltd and Anr | Pending |
| Bombay High Court | Writ petition | Filed by the company against Engineers India Limited and 1 other | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Indian Oil Corporation Ltd & Anr. | Disposed |
To see the full case history of Corrtech 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
Corrtech Energy Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 701 overdue payments to 73 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 73)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| T C R Engineering Services Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Corrtech Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Corrtech Energy has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| MJB India Technical Services Private Limited | U29197GJ2006PTC047603 |
To see the full group structure of Corrtech Energy Limited, buy the company report.
Employees & EPFO
Corrtech Energy Limited has a workforce of 387 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
387
Active EPFO establishments
1
Employee growth
50%
GST
Corrtech Energy has 18 GST registrations: 16 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
18
Active
16
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACI8838F1ZK | Gujarat | Active | 01 Jul 2017 |
| 24AAACI8838F2ZJ | Gujarat | Active | 27 Mar 2025 |
| 27AAACI8838F1ZE | Maharashtra | Active | 01 Jul 2017 |
| 33AAACI8838F1ZL | Tamil Nadu | Active | 25 Apr 2019 |
To see the full GST registrations and return filing status of Corrtech Energy Limited, buy the company report.
Recent activity
Corrtech Energy Limited has 11 board changes on record since 2000: 6 appointments and 5 cessations. The latest: Vinod Bhoorchand Jain was appointed as CFO on 14 Jul 2025.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 101175636 was registered on 15 Oct 2025.
Charges
A charge with Sidbi amounted to Rs. 3.79 Cr with Charge ID 101164226 was registered on 01 Oct 2025.
Charges
A charge registered on 31 Dec 2008 via Charge ID 10138804 with Axis Bank Limited was fully satisfied on 29 Jul 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.28 Cr with Charge ID 101128567 was registered on 25 Jul 2025.
Appointed
Vinod Bhoorchand Jain was appointed as CFO.
Charges
A charge registered on 21 Jan 2022 via Charge ID 100545589 with Others was fully satisfied on 04 Jul 2025.
Charges
A charge registered on 28 Feb 2022 via Charge ID 100577388 with Others was fully satisfied on 04 Apr 2025.
Ceased
Sanjay Verma ceased to be Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.35 Cr with Charge ID 101095382 was registered on 03 Mar 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.77 Cr with Charge ID 101095383 was registered on 01 Mar 2025.
Appointed
Prashant Sandeep Mittal was appointed as Managing Director.
Charges
A charge registered on 23 Oct 2019 via Charge ID 100303045 with Others was fully satisfied on 07 Feb 2025.
53 earlier events are in the company report.
Frequently asked questions
Corrtech Energy is an active public limited company based in Ahmedabad, Gujarat, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 02 May 2000 (26+ years old) and is registered under CIN U52330GJ2000PLC037925.
Corrtech Energy has 6 current directors and KMP:
- Prashant Sandeep Mittal - Managing Director
- Sandeep Indrasen Mittal - Managing Director
- Amit Indrasen Mittal - Whole-Time Director
- Vimal Maganbhai Patel - Director
- Kavita Amitbhai Mittal - Director
- Vinod Bhoorchand Jain - Cfo
The latest financial statements of Corrtech Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Corrtech Energy is 24AAACI8838F1ZK, registered in Gujarat. The company has 18 GST registrations in all, of which 16 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACI8838F2ZJ (Gujarat), 27AAACI8838F1ZE (Maharashtra), 33AAACI8838F1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Corrtech Energy is U52330GJ2000PLC037925. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Corrtech Energy has 30 court cases on record: 14 filed by the company and 16 filed against it. 11 are pending. Most are in the district courts.
Corrtech Energy was incorporated on 02 May 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Corrtech Energy has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹12.51 Cr; the latest was in July 2025.
Vinod Bhoorchand Jain was appointed as CFO on 14 Jul 2025. Sanjay Verma ceased to be Director on 01 Apr 2025. Prashant Sandeep Mittal was appointed as Managing Director on 28 Feb 2025. Corrtech Energy has 11 board changes on record in total.
Yes, Corrtech Energy is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0019530).
Corrtech Energy has 13 MSME Form 1 returns on record between 2019 and 2023, listing 701 overdue payments to 73 micro and small suppliers. The latest return was filed on 22 Nov 2023.