About Doosan Power Systems India Private Limited
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Doosan Power Systems India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Doosan Enerbility Co. Ltd.. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 20 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U31101DL2000PTC258626. Its GSTIN is 06AABCB5946J1ZK (Haryana). The company holds 13 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹1,865.52 Cr and a paid-up capital of ₹1,551.14 Cr. It was formerly known as Ae & E Chennai Works Private Limited and Ae & E Chennai Works Limited. It is led by directors including Shin Oh Kang (Managing Director) and Cheolsoo Son (Whole-Time Director).
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 Flat No. C – 4 2nd Floor Major Nahar Singh Complex Khasra No. 53 Kapashera Old Gurgaon Roa, D, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹620.08 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹802.61 Cr (net margin -129.4%) and EBITDA of -₹463.67 Cr (EBITDA margin -74.8%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 29% over five years.
The company has about 968 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,330 Cr and satisfied charges of ₹1,315 Cr on record. Court records list 89 cases involving the company, including 22 filed by the company and 67 filed against it; 32 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website doosanpowersystemsindia.com.
Company details
Name history
Doosan Power Systems India has undergone 4 name changes throughout its history. The current legal name is Doosan Power Systems India Private Limited.
| Company Name | Status |
|---|---|
| Doosan Power Systems India Private Limited | Current |
| Ae & E Chennai Works Private Limited | Previous |
| Ae & E Chennai Works Limited | Previous |
| Babcock Borsing Power Chennai Works Limited | Previous |
| Doosan Chennai Works Private Limited | Previous |
CIN history
Doosan Power Systems India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31101DL2000PTC258626, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31101DL2000PTC258626 | Current |
| U31101TN2000PLC045415 | Previous |
| U31101TN2000PTC045415 | Previous |
Contact details
Doosan Power Systems India Private Limited's registered office is in New Delhi, Delhi. Its website is doosanpowersystemsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. C – 4 2nd Floor Major Nahar Singh Complex Khasra No. 53 Kapashera Old Gurgaon Roa, D, New Delhi, Delhi, India – 110037
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Doosan Power Systems India Private 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
Business activity
The main business activities of Doosan Power Systems India are manufacturing and construction. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 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 | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Doosan Power Systems India Private Limited, buy the company report.
Financials of Doosan Power Systems India Private Limited
FY 2025 filings availableDoosan Power Systems India Private Limited reported revenue of ₹620.08 Cr (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 40% fall in the latest year. EBITDA fell 9% 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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| Total Expenses | |||||
| EBITDA | -₹463.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹802.61 Cr | ||||
| 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 | -74.8% | ||||
| Net Profit Margin | -129.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Doosan Power Systems India Private Limited, buy the company report.
Board of directors of Doosan Power Systems India Private Limited
Doosan Power Systems India has 7 current directors and 41 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shin Oh Kang Also directs: Skoda Power Private Limited | Managing Director | 05 Jan 2024 | 2 Years 9 Months | Current |
| Hangsuk Choi | Nominee Director | 30 Mar 2024 | 2 Years 7 Months | Current |
| Cheolsoo Son | Whole-Time Director | 11 Apr 2022 | 4 Years 6 Months | Current |
| Hyeon Ho Lee | Nominee Director | 10 Apr 2023 | 3 Years 6 Months | Current |
| Byoung Chang Park | Whole-Time Director | 17 May 2024 | 2 Years 5 Months | Current |
| Sungmyoung Hong | Nominee Director | 26 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Doosan Power Systems India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (EPC, BoP and BTG, Heavy Engineering), 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 |
|---|---|---|---|---|---|---|
| Solex Energy Limited | ₹663.64 Cr (FY 2025) | 80.0% | Surat, Gujarat, India | |||
| Doosan Power Systems India Private Limitedthis company | ₹620.08 Cr (FY 2025) | -₹802.61 Cr | -129.4% | -40.0% | 968 | New Delhi, Delhi, India |
| Shandong Heavy Industry India Private Limited | ₹596.21 Cr (FY 2024) | 35.0% | Pune, Maharashtra, India | |||
| Anvil Energy Private Limited | ₹578.97 Cr (FY 2025) | 51.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Doosan Power Systems India Private Limited, buy the company report.
Auditor
Doosan Power Systems India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2024 | 012754N/N500016 |
Shareholding
The shareholding of Doosan Power Systems India 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Doosan Power Systems India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Mar 2022 | 100554099 | Axis Bank Limited | ₹50 Cr | Open | |
| 15 Mar 2021 | 100428488 | Yes Bank Limited | ₹60 Cr | Open | |
| 23 Jan 2017 | 100077636 | Axis Bank Limited | ₹1,540 Cr | Open | |
| 19 Jan 2017 | 100078062 | Others | ₹1,680 Cr | Open | |
| 03 Oct 2018 | 100212077 | Yes Bank Limited | ₹250 Cr | Satisfied |
To see the full charge records of Doosan Power Systems India Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Doosan Power Systems India Private Limited has 89 court cases on record: 22 filed by Doosan Power Systems India, 67 filed against it. 32 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 42 | 26 |
| High courts | 34 | 22 | 6 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 89)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Sangha Erectors Private Limited and 2 others | Pending |
| NCLAT, Court IV | Tribunal matter | Filed against the company by Prism Johnson Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Prism Johnson Limited | Disposed |
| NCLT, Principal Bench | Insolvency matter | Filed against the company by Prism Johnson Limited | Disposed |
| District court, South West, Delhi | Court case (OMP (I)(COMM.)) | Filed by the company against Steel Works and Power Engineers Pvt Ltd Th. Ar | Disposed |
To see the full case history of Doosan Power Systems India 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.
Credit ratings & regulatory alerts
Doosan Power Systems India Private Limited was last rated by Care on 27 Mar 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Mar 2019 |
To see the full credit ratings and regulatory alerts of Doosan Power Systems India Private Limited, buy the company report.
MSME payment delays
Doosan Power Systems India Private Limited has 22 MSME Form 1 returns on record between 2016 and 2024, listing 4,536 overdue payments to 297 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 297)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Thermo Care Rockwool India Private Limited | |||
| J S Mining & Construction | |||
| Ojasync Private Limited | |||
| Hi-Tec Rock Fibre Pvt Ltd | |||
| Minsulate Manufacturing Company |
To see the full MSME payment records of Doosan Power Systems India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Doosan Power Systems India Private Limited has a workforce of 968 employees on its EPFO records as of Nov 09, 2024, across 3 active EPFO establishments.
GST
Doosan Power Systems India has 13 GST registrations: 8 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCB5946J1ZK | Haryana | Active | 01 Jul 2017 |
| 09AABCB5946J1ZE | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AABCB5946J1ZV | Bihar | Active | 01 Jul 2017 |
| 19AABCB5946J1ZD | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Doosan Power Systems India Private Limited, buy the company report.
Recent activity
Doosan Power Systems India Private Limited has 47 board changes on record since 2007: 7 appointments and 40 cessations. The latest: Sanghoun Park was appointed as Whole-Time Director on 23 Sep 2025.
59 earlier events are in the company report.
Frequently asked questions
Doosan Power Systems India is an active private limited company based in New Delhi, Delhi, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 20 July 2000 (26+ years old) and is registered under CIN U31101DL2000PTC258626.
Doosan Power Systems India has 7 current directors:
- Shin Oh Kang - Managing Director
- Cheolsoo Son - Whole-Time Director
- Byoung Chang Park - Whole-Time Director
- Sanghoun Park - Whole-Time Director
- Hangsuk Choi - Nominee Director
- Hyeon Ho Lee - Nominee Director
- Sungmyoung Hong - Nominee Director
The latest financial statements of Doosan Power Systems India 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 Doosan Power Systems India is 06AABCB5946J1ZK, registered in Haryana. The company has 13 GST registrations in all, of which 8 are active and 5 are cancelled or inactive. Other active GSTINs include 09AABCB5946J1ZE (Uttar Pradesh), 10AABCB5946J1ZV (Bihar), 19AABCB5946J1ZD (West Bengal).
The CIN (Corporate Identification Number) of Doosan Power Systems India is U31101DL2000PTC258626. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Doosan Power Systems India has 89 court cases on record: 22 filed by the company and 67 filed against it. 32 are pending. Most are in the district courts.
Doosan Power Systems India was incorporated on 20 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Doosan Power Systems India by revenue are Solex Energy Limited, Shandong Heavy Industry India Private Limited, Anvil Energy Private Limited, all in the Machinery and Equipment industry (EPC, BoP and BTG, Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sanghoun Park was appointed as Whole-Time Director on 23 Sep 2025. Sungmyoung Hong was appointed as Nominee Director on 26 Nov 2024. Byoung Chang Park was appointed as Whole-Time Director on 17 May 2024. Doosan Power Systems India has 47 board changes on record in total.
Doosan Power Systems India has 22 MSME Form 1 returns on record between 2016 and 2024, listing 4,536 overdue payments to 297 micro and small suppliers. The latest return was filed on 08 Jun 2024.
Doosan Power Systems India can be reached through the website doosanpowersystemsindia.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Doosan Power Systems India is at Flat No. C – 4 2nd Floor Major Nahar Singh Complex Khasra No. 53 Kapashera Old Gurgaon Roa, D, New Delhi, Delhi, India – 110037.
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