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
₹4.96 Cr
▲ 16% YoY
Net loss · FY 2025
₹22.6 Lakh
Net margin -4.6%
EBITDA · FY 2025
₹4.23 Cr
EBITDA margin 85.2%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹16.14 Cr
Issued & subscribed
Open charges
₹148 Cr
Satisfied ₹150 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
1
Provident fund records
About Decore Thermal Power Private Limited
Data last updated:
Decore Thermal Power Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 01 July 2015 and has been in existence for over 11 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 U40108MP2015PTC034401. Its GSTIN is 23AAFCD3868H1ZM (Madhya Pradesh).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹16.14 Cr. It is led by directors Pawan Agarwal and Girish Agarwal.
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 Office Block 1A 5th Floor Db City Corporate Park Arera Hills Opp. M. P. Nagar Zone – 1, Bhopal, Madhya Pradesh, India – 462016.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.96 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹22.6 Lakh (net margin -4.6%) and EBITDA of ₹4.23 Cr (EBITDA margin 85.2%). Revenue has grown at a compounded annual rate (CAGR) of 133% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹148 Cr and satisfied charges of ₹150 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹23.5 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, 1 larger and 2 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 dbpower.in.
Company details
CIN U40108MP2015PTC034401
Registration Number 034401
Incorporation Date 01 July 2015
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Pawan Agarwal Director Girish Agarwal Director Recognitions & Rankings of Decore Thermal Power
Contact details
Decore Thermal Power Private Limited's registered office is in Bhopal, Madhya Pradesh. Its website is dbpower.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice Block 1A 5th Floor Db City Corporate Park Arera Hills Opp. M. P. Nagar Zone – 1, Bhopal, Madhya Pradesh, India – 462016
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Decore Thermal Power Private Limited, buy the company report.
Comprehensive company report
Decore Thermal Power Private 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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Business activity
The main business activities of Decore Thermal Power are electricity, gas, steam and air condition supply and professional, scientific and technical. In detail, this covers electric power generation, transmission and distribution and management consultancy activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Decore Thermal Power Private Limited, buy the company report.
Financials of Decore Thermal Power Private Limited
FY 2025 filings availableDecore Thermal Power Private Limited reported revenue of ₹4.96 Cr (up 16% YoY) for FY 2025.
Revenue · FY 2025
₹4.96 Cr ▲ 16%
Net loss · FY 2025
₹22.6 Lakh margin -4.6%
EBITDA · FY 2025
₹4.23 Cr margin 85.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 16%
5 years · compounded
▲ 133%
EBITDA CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 26%
5 years · compounded
▲ 98%
Revenue has grown at a compounded annual rate (CAGR) of 133% over five years, including 16% growth in the latest year. EBITDA rose 14% 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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| EBITDA | ₹4.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹22.6 Lakh | ||||
| 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 | 85.2% | ||||
| Net Profit Margin | -4.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Decore Thermal Power Private Limited, buy the company report.
Board of directors of Decore Thermal Power Private Limited
Decore Thermal Power has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Agarwal | Director | 07 Feb 2017 | 9 Years 8 Months | Current |
| Girish Agarwal | Director | 01 Jul 2015 | 11 Years 3 Months | Current |
Peer comparison
Decore Thermal Power Private 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 Limitedthis company | ₹4.96 Cr (FY 2025) | -₹22.6 Lakh | -4.6% | 16.0% | 1 | Bhopal, Madhya Pradesh, India |
| DB Power (Madhya Pradesh) Limited | ₹4.92 Cr (FY 2025) | 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 Decore Thermal Power Private Limited, buy the company report.
Auditor
Decore Thermal Power Private Limited is audited by GUPTA NAVIN K AND CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA NAVIN K AND CO. | FY 2022 | 06263C |
Shareholding
The shareholding of Decore Thermal Power Private 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Decore Thermal Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹148 Cr
Satisfied charges
₹150 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Apr 2019 | 100260749 | Others | ₹148 Cr | Open | |
| 13 Jul 2017 | 100120533 | Others | ₹150 Cr | Satisfied |
To see the full charge records of Decore Thermal Power Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Decore Thermal Power Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹23.5 Cr; the latest was in October 2016.
Total deals
1
Funding round
1
Disclosed funding
₹23.5 Cr
To see the full deal history of Decore Thermal Power Private 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
Decore Thermal Power Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Total cases
3
Filed against the company
3
Pending
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 1 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Madhya Pradesh | Court case (COMP) | Filed against the company by Diliigent Power Private Limited | Disposed |
| High Court of Madhya Pradesh | Tax appeal | Filed against the company by Principal Commissioner of Income Tax Bhopal | Pending |
To see the full case history of Decore Thermal Power Private 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 Decore Thermal Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Decore Thermal Power has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| DB Power (Madhya Pradesh) Limited | U40100MP2008PLC020903 |
To see the full group structure of Decore Thermal Power Private Limited, buy the company report.
Employees & EPFO
Decore Thermal Power Private Limited has a workforce of 1 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
GST
Decore Thermal Power has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCD3868H1ZM | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Decore Thermal Power Private Limited, buy the company report.
Recent activity
Decore Thermal Power Private Limited has 13 board changes on record since 2015: 2 appointments and 11 cessations. The latest: Rajeev Kalra ceased to be Nominee Director on 26 Dec 2024.
AGM
Decore Thermal Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Decore Thermal Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Rajeev Kalra ceased to be Nominee Director.
Ceased
Gulshan Mumtaz Khan ceased to be Company Secretary.
Ceased
Narendra Ostawal ceased to be Nominee Director.
Ceased
Thiagarajan Sankaralingam ceased to be Director.
Charges
A charge with Others amounted to Rs. 148.00 Cr with Charge ID 100260749 was registered on 05 Apr 2019.
Charges
A charge registered on 13 Jul 2017 via Charge ID 100120533 with Others was fully satisfied on 28 Mar 2019.
Ceased
Gunjan Khanuja Kaur ceased to be Company Secretary.
Ceased
Thammineni Raj Kumar ceased to be Nominee Director.
Ceased
Kavita Saha ceased to be Nominee Director.
Ceased
Niten Malhan ceased to be Nominee Director.
7 earlier events are in the company report.
Frequently asked questions
Decore Thermal Power is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 01 July 2015 (11+ years old) and is registered under CIN U40108MP2015PTC034401.
Decore Thermal Power has 2 current directors:
- Pawan Agarwal - Director
- Girish Agarwal - Director
The latest financial statements of Decore Thermal Power 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 FY 2016 are in the company report.
The GSTIN of Decore Thermal Power is 23AAFCD3868H1ZM, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Decore Thermal Power is U40108MP2015PTC034401. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Decore Thermal Power has 3 court cases on record: 3 filed against it. 1 is pending.
Decore Thermal Power was incorporated on 01 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Gwalior.
Decore Thermal Power has 1 deal on record (1 funding round), with disclosed funding of ₹23.5 Cr; the latest was in October 2016.
The peers of Decore Thermal Power by revenue are Surana Power Limited, DB Power (Madhya Pradesh) 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).
Rajeev Kalra ceased to be Nominee Director on 26 Dec 2024. Gulshan Mumtaz Khan ceased to be Company Secretary on 22 Mar 2022. Narendra Ostawal ceased to be Nominee Director on 03 Jul 2020. Decore Thermal Power has 13 board changes on record in total.
Decore Thermal Power can be reached through the website dbpower.in. Its registered office is in Bhopal, Madhya Pradesh, India.