India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,608 Pawan Agarwal ₹1,200 Cr
- #1,608 Girish Agarwal ₹1,200 Cr
Revenue · FY 2025
₹4.92 Cr
▲ 15% YoY
Net loss · FY 2025
₹2.86 Cr
Net margin -58%
EBITDA · FY 2025
₹4.21 Cr
EBITDA margin 85.5%
Authorised capital
₹2,000 Cr
Registered with MCA
Paid-up capital
₹414.88 Cr
Issued & subscribed
Open charges
₹53.47 Cr
Satisfied ₹858.5 Cr
Company age
18 yrs
Est. 2008
Directors on board
5
As per MCA filings
About DB Power (Madhya Pradesh) Limited
Data last updated:
DB Power (Madhya Pradesh) Limited is a public limited company based in Bhopal, Madhya Pradesh, India, a subsidiary of Decore Thermal Power Private Limited. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 10 July 2008 and has been in existence for over 18 years.
Its director Pawan Agarwal is #1,608 among India's richest people (2026). Its director Girish Agarwal is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U40100MP2008PLC020903. Its GSTIN is 23AACCD9503G1ZZ (Madhya Pradesh).
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹414.88 Cr. It is led by directors including Pawan Agarwal (Managing Director) and Manoj Bahety.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Park, Bhopal, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.92 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net loss of ₹2.86 Cr (net margin -58%) and EBITDA of ₹4.21 Cr (EBITDA margin 85.5%).
As per MCA filings, the company has open charges of ₹53.47 Cr and satisfied charges of ₹858.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 5 deals on record (2 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹118.88 Cr; the latest was in October 2016. Its 3 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 1 smaller; the largest is Surana Power Limited with revenue of ₹5.26 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 diliigentpower.com.
Company details
CIN U40100MP2008PLC020903
Registration Number 020903
Incorporation Date 10 July 2008
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Decore Thermal Power Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of DB Power (Madhya Pradesh)
Contact details
DB Power (Madhya Pradesh) Limited's registered office is in Bhopal, Madhya Pradesh. Its website is diliigentpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice Block 1A 5th Floor Corporate Block Db City – Park Db City Arera Hills Opp Mp Nagar, Zone – I, Bhopal, Madhya Pradesh, India – 462016
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of DB Power (Madhya Pradesh) Limited, buy the company report.
Comprehensive company report
DB Power (Madhya Pradesh) 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of DB Power (Madhya Pradesh) 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 DB Power (Madhya Pradesh) Limited, buy the company report.
Financials of DB Power (Madhya Pradesh) Limited
FY 2025 filings availableDB Power (Madhya Pradesh) Limited reported revenue of ₹4.92 Cr (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹4.92 Cr ▲ 15%
Net loss · FY 2025
₹2.86 Cr margin -58%
EBITDA · FY 2025
₹4.21 Cr margin 85.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
EBITDA CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 26%
Revenue rose 15% in the latest year. EBITDA rose 13% 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 |
|---|---|---|---|---|---|
| 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 | ₹4.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.86 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 85.5% | ||||
| Net Profit Margin | -58% | ||||
| 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 DB Power (Madhya Pradesh) Limited, buy the company report.
Board of directors of DB Power (Madhya Pradesh) Limited
DB Power (Madhya Pradesh) has 5 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Bahety | Director | 08 Jun 2020 | 6 Years 4 Months | Current |
| Shyam Prasad Nandan Also directs: D B Power Limited | Director | 17 May 2023 | 3 Years 5 Months | Current |
| Namita Namdev Koyande | Director | 29 Sep 2022 | 4 Years 0 Months | Current |
| Pawan Agarwal | Managing Director | 10 Jul 2008 | 18 Years 3 Months | Current |
| Girish Agarwal | Director | 10 Jul 2008 | 18 Years 3 Months | Current |
Peer comparison
DB Power (Madhya Pradesh) Limited is compared with the 3 companies closest to it by revenue in the Power industry (Thermal Power Plants), 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 |
|---|---|---|---|---|---|---|
| Surana Power Limited | ₹5.26 Cr (FY 2015) | -93.0% | Gummudipoondi, Tamil Nadu, India | |||
| Decore Thermal Power Private Limited | ₹4.96 Cr (FY 2025) | 16.0% | Bhopal, Madhya Pradesh, India | |||
| DB Power (Madhya Pradesh) Limitedthis company | ₹4.92 Cr (FY 2025) | -₹2.86 Cr | -58% | 15.0% | Bhopal, Madhya Pradesh, India | |
| Gowthami Hydro Electric Company Private Limited | ₹4.05 Cr (FY 2025) | -22.0% | Secunderabad, Telangana, India |
To see the full peer comparison of DB Power (Madhya Pradesh) Limited, buy the company report.
Auditor
DB Power (Madhya Pradesh) Limited is audited by GUPTA MITTAL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA MITTAL & CO | FY 2022 | 009973C |
Shareholding
The shareholding of DB Power (Madhya Pradesh) 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 DB Power (Madhya Pradesh) Limited, buy the company report.
Charges & borrowings
Open charges
₹53.47 Cr
Satisfied charges
₹858.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2017 | 100114112 | Others | ₹53.47 Cr | Open | |
| 27 Mar 2019 | 100255165 | Others | ₹198 Cr | Satisfied | |
| 02 Nov 2018 | 100484726 | Idbi Trusteeship Services Limited | ₹135.5 Cr | Satisfied | |
| 21 Mar 2016 | 100019121 | Others | ₹150 Cr | Satisfied | |
| 27 Jun 2015 | 10580846 | Rbl Bank Limited | ₹25 Cr | Satisfied |
To see the full charge records of DB Power (Madhya Pradesh) Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
DB Power (Madhya Pradesh) Limited has 5 deals on record (2 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹118.88 Cr; the latest was in October 2016.
Total deals
5
Funding rounds
2
Acquisitions
2
Secondary share transfer
1
Disclosed funding
₹118.88 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Decore Thermal Power Private Limited Seller: Diliigent Power Private Limited |
| Apr 2015 | Funding round | ₹40 Cr | Investors: Diliigent Power Private Limited |
| Apr 2013 | Funding round | ₹78.88 Cr | Investors: Diliigent Power Private Limited |
| Sep 2010 | Acquisition | ₹295.94 Cr | Buyer: Diliigent Power Private Limited |
| Sep 2010 | Acquisition | ₹4 Lakh | Buyer: Diliigent Power Private Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
DB Power (Madhya Pradesh) Limited has 2 court cases on record: 2 filed by DB Power (Madhya Pradesh). 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Ministry of Coal,Union of India and Ors. | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Ministry of Coal, Union of India & Ors. | Disposed |
To see the full case history of DB Power (Madhya Pradesh) 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 DB Power (Madhya Pradesh) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
DB Power (Madhya Pradesh) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCD9503G1ZZ | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of DB Power (Madhya Pradesh) Limited, buy the company report.
Recent activity
DB Power (Madhya Pradesh) Limited has 27 board changes on record since 2008: 6 appointments and 21 cessations. The latest: Raunak Gupta ceased to be Nominee Director on 26 Dec 2024.
Charges
A charge with Others of Rs. 53.47 Cr registered on 10 Jul 2017 with Charge ID 100114112 was modified on 30 Oct 2025.
AGM
Db Power (Madhya Pradesh) Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Db Power (Madhya Pradesh) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Raunak Gupta ceased to be Nominee Director.
Ceased
Shyam Prasad Nandan ceased to be Additional Director.
Ceased
Rajeev Kalra ceased to be Nominee Director.
Appointed
Shyam Prasad Nandan was appointed as Director.
Appointed
Namita Namdev Koyande was appointed as Director.
Ceased
Namita Namdev Koyande ceased to be Additional Director.
Charges
A charge registered on 27 Mar 2019 via Charge ID 100255165 with Others was fully satisfied on 24 Mar 2022.
Appointed
Ajay Kumar Kaithwash was appointed as CFO.
Charges
A charge registered on 02 Nov 2018 via Charge ID 100484726 with Idbi Trusteeship Services Limited was fully satisfied on 25 Feb 2022.
33 earlier events are in the company report.
News
Frequently asked questions
DB Power (Madhya Pradesh) is an active public limited company based in Bhopal, Madhya Pradesh, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 10 July 2008 (18+ years old) and is registered under CIN U40100MP2008PLC020903.
DB Power (Madhya Pradesh) has 5 current directors:
- Pawan Agarwal - Managing Director
- Manoj Bahety - Director
- Shyam Prasad Nandan - Director
- Namita Namdev Koyande - Director
- Girish Agarwal - Director
The latest financial statements of DB Power (Madhya Pradesh) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of DB Power (Madhya Pradesh) is 23AACCD9503G1ZZ, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of DB Power (Madhya Pradesh) is U40100MP2008PLC020903. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DB Power (Madhya Pradesh) has 2 court cases on record: 2 filed by the company. 1 is pending.
DB Power (Madhya Pradesh) was incorporated on 10 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Gwalior.
DB Power (Madhya Pradesh) has 5 deals on record (2 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹118.88 Cr; the latest was in October 2016.
The peers of DB Power (Madhya Pradesh) by revenue are Surana Power Limited, Decore Thermal Power Private Limited, Gowthami Hydro Electric Company Private Limited, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Raunak Gupta ceased to be Nominee Director on 26 Dec 2024. Shyam Prasad Nandan ceased to be Additional Director on 28 Sep 2023. Rajeev Kalra ceased to be Nominee Director on 01 Aug 2023. DB Power (Madhya Pradesh) has 27 board changes on record in total.
DB Power (Madhya Pradesh) can be reached through the website diliigentpower.com. Its registered office is in Bhopal, Madhya Pradesh, India.