About Essar Power Limited
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Essar Power Limited is a public limited company based in Gandhinagar, Gujarat, India, a subsidiary of Essar Power Holdings Limited (Alongwith Its 100% Subsidiary Essar Power Hazira Holdings Limited). It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 30 October 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40100GJ1991PLC064824. Its GSTIN is 24AAACE0895J1ZM (Gujarat). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20,000 Cr and a paid-up capital of ₹7,672.13 Cr. It is led by directors including Ramesh Kumar Ramakrishnan and Kapil Singla.
Its last annual general meeting (AGM) was held on 29 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Gandhinagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹192.65 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net profit of ₹425.51 Cr (net margin 220.9%) and EBITDA of ₹614.52 Cr (EBITDA margin 319%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 43% over five years.
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹12,245 Cr and satisfied charges of ₹16,327 Cr on record. Court records list 130 cases involving the company, including 49 filed by the company and 81 filed against it; 28 cases are pending. The company has 34 deals on record (18 secondary share transfers, 13 funding rounds, 2 rights issues), with disclosed funding of ₹9,977.83 Cr; the latest was in January 2026. Its 10 peer companies in the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Azure Power Forty One Private Limited with revenue of ₹193.89 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 224 overdue payments to 28 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website archive.essar.com.
Company details
CIN history
Essar Power has one previous CIN (Corporate Identification Number): U40100MH1991PLC063852. The current CIN is U40100GJ1991PLC064824, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100GJ1991PLC064824 | Current |
| U40100MH1991PLC063852 | Previous |
Contact details
Essar Power Limited's registered office is in Gandhinagar, Gujarat. Its website is archive.essar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 14 And 15 Ground Floor Info Tower – I, Infocity Airport Road Near Indroda Circle, Gandhinagar, Gujarat, India – 382007
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Essar Power 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 activity of Essar Power 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 Essar Power Limited, buy the company report.
Financials of Essar Power Limited
FY 2024 filings availableEssar Power Limited reported revenue of ₹192.65 Cr (down 92% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 43% over five years, including a 92% fall in the latest year. EBITDA fell 42% 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 | ₹614.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹425.51 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 | 319% | ||||
| Net Profit Margin | 220.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Essar Power Limited, buy the company report.
Board of directors of Essar Power Limited
Essar Power has 6 current directors and 70 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kumar Ramakrishnan | Director | 15 Sep 2023 | 3 Years 1 Months | Current |
| Kapil Singla Also directs: Essar Power Gujarat Limited, Essar Renewables Limited, Essar Wind Power Private Limited and 1 more | Director | 15 Apr 2023 | 3 Years 6 Months | Current |
| Rachana Ramesh Luharuka | Director | 03 Jul 2023 | 3 Years 3 Months | Current |
| Ramesh Chandra Mohanty | Director | 20 Oct 2022 | 4 Years 0 Months | Current |
| Bhaven Suman Bhatt Also directs: Salaya Bulk Terminals Limited, Essar Bulk Terminal (Salaya) Limited, Essar Power Gujarat Limited and 1 more | Director | 15 Apr 2023 | 3 Years 6 Months | Current |
| Haseeb Ahmad Drabu Also directs: Aspira Pathlab & Diagnostics Limited, Essar Ports & Logistics Limited, Salaya Bulk Terminals Limited and 5 more | Director | 02 Dec 2025 | 0 Years 11 Months | Current |
Peer comparison
Essar Power Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Azure Power Forty One Private Limited | ₹193.89 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Era T & D Limited | ₹193.62 Cr (FY 2025) | 63.0% | Bhandarra, Maharashtra, India | |||
| Bhopal Dhule Transmission Company Limited | ₹193.34 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Regen Infrastructure and Services Private Limited | ₹192.84 Cr (FY 2019) | 2.0% | Chennai, Tamil Nadu, India | |||
| SML Electricals India Private Limited | ₹192.8 Cr (FY 2024) | 33.0% | Bangalore, Karnataka, India | |||
| Essar Power Limitedthis company | ₹192.65 Cr (FY 2025) | ₹425.51 Cr | 220.9% | -92.0% | 10 | Gandhinagar, Gujarat, India |
| Apraava Smart Meter Private Limited | ₹192.09 Cr (FY 2025) | 166.0% | New Delhi, Delhi, India | |||
| Walwhan Solar MP Limited | ₹191.95 Cr (FY 2024) | -3.0% | Mumbai, Maharashtra, India | |||
| Clean Solar Power (Bhadla) Private Limited | ₹191.08 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Khandukhal Rampura Transmission Limited | ₹191.06 Cr (FY 2025) | New Delhi, Delhi, India | ||||
| Adyah Solar Energy Private Limited | ₹190.2 Cr (FY 2025) | -10.0% | Rajajinagar Bangalore, Karnataka, India |
To see the full peer comparison of Essar Power Limited, buy the company report.
Auditor
Essar Power Limited is audited by M.M.Chaturvedi& Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.M.Chaturvedi& Co. | FY 2023 | 112941W |
Shareholding
The shareholding of Essar Power 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 Essar Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2024 | 100976725 | Others | ₹1,100 Cr | Open | |
| 07 Jun 2024 | 100958248 | Others | ₹40 Cr | Open | |
| 31 May 2023 | 100793798 | Others | ₹900 Cr | Open | |
| 05 Sep 2022 | 100607453 | Axis Bank Limited | ₹36 Cr | Open | |
| 24 Sep 2014 | 10521278 | Idbi Trusteeship Services Limited | ₹5,704 Cr | Open |
To see the full charge records of Essar Power Limited, buy the company report.
Total charge records: 55 View all charges
Deals & funding
Essar Power Limited has 34 deals on record (18 secondary share transfers, 13 funding rounds, 2 rights issues), with disclosed funding of ₹9,977.83 Cr; the latest was in January 2026.
Deals on record (5 of 34)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Essar Steel Metal Trading Limited Seller: Essar Power Hazira Holdings Limited, Essar Power Holdings Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Essar Power Holdings Limited Seller: Essar Steel Metal Trading Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Essar Power Holdings Limited Seller: Atubha Tech Limited , Edwell Infrastructure Hazira Limited |
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Essar Steel Metal Trading Limited Seller: Essar Power Holdings Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Buyer: Essar Power Holdings Limited Seller: Edwell Infrastructure Hazira Limited |
To see the full deal history of Essar Power 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
Essar Power Limited has 130 court cases on record: 49 filed by Essar Power, 81 filed against it. 28 cases are pending and 102 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 83 | 46 | 17 |
| Supreme Court | 34 | 24 | 10 |
| District courts | 13 | 11 | 1 |
Cases on record (5 of 130)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Aryan Renewable Energy Private Pvt. Ltd | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Vedanta Limited (Now Known As Vedanta Aluminium Metal Limited) | Pending |
| Supreme Court | Appeal | Filed against the company by Gujarat Urja Vikas Nigam Ltd | Pending |
| Supreme Court | Court case (1503-Appeal Against Orders Of Statutory Bodies : Tribunals) | Filed against the company by Gujarat Urja Vikas Nigam Limited Through Its General Manager (Ipp) Sardar Patel Vidyut Bhavan, Race Course, Vadodara ,Vadodara , Gujarat | Pending |
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by Arcelormittal Nippon Steel India Ltd, Through Its Autho. Signatory- Mr. Anil Nagare | Pending |
To see the full case history of Essar Power 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
Essar Power Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 224 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prince Engeetech Technical Services Private Limited | |||
| an individual supplier | |||
| Computronix Infotech Private Limited | |||
| Vigilplus Security Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Essar Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Essar Power has 6 subsidiary companies and 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Essar Electric Power Development Corporation Limited | U40100MH1997PLC110104 | |
| Metanergy Powerex Limited | U40100MH2005PLC154154 | |
| Integrate Offshore Private Limited | U40100MH2006PTC163509 | |
| Kumudini Power Limited | U40300GJ2019PLC108675 | |
| Essar Power Gujarat Limited | U74900GJ2007PLC066273 | |
| Essar Power Transmission Company Limited | U99999MP2005PLC052837 |
To see the full group structure of Essar Power Limited, buy the company report.
Employees & EPFO
Essar Power Limited has a workforce of 10 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
Essar Power has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE0895J1ZM | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essar Power Limited, buy the company report.
Recent activity
Essar Power Limited has 76 board changes on record since 2007: 6 appointments and 70 cessations. The latest: Haseeb Ahmad Drabu was appointed as Director on 02 Dec 2025.
191 earlier events are in the company report.
News
Frequently asked questions
Essar Power is an active public limited company based in Gandhinagar, Gujarat, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 30 October 1991 (35+ years old) and is registered under CIN U40100GJ1991PLC064824.
Essar Power has 6 current directors:
- Ramesh Kumar Ramakrishnan - Director
- Kapil Singla - Director
- Rachana Ramesh Luharuka - Director
- Ramesh Chandra Mohanty - Director
- Bhaven Suman Bhatt - Director
- Haseeb Ahmad Drabu - Director
The latest financial statements of Essar Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Essar Power is 24AAACE0895J1ZM, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Essar Power is U40100GJ1991PLC064824. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essar Power has 130 court cases on record: 49 filed by the company and 81 filed against it. 28 are pending. Most are in the high courts.
Essar Power was incorporated on 30 October 1991, making it 35+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Essar Power has 34 deals on record (18 secondary share transfers, 13 funding rounds, 2 rights issues), with disclosed funding of ₹9,977.83 Cr; the latest was in January 2026.
The peers of Essar Power by revenue are Azure Power Forty One Private Limited, Era T & D Limited, Bhopal Dhule Transmission Company Limited, Regen Infrastructure and Services Private Limited, SML Electricals India Private Limited and 5 more, all in the same principal business activity (electric power generation, transmission and distribution).
Haseeb Ahmad Drabu was appointed as Director on 02 Dec 2025. Prakash Pandurang Khedekar ceased to be Company Secretary on 31 Mar 2025. Rajat Kumar Gupta ceased to be Additional Director on 27 Mar 2025. Essar Power has 76 board changes on record in total.
Essar Power has 13 MSME Form 1 returns on record between 2019 and 2024, listing 224 overdue payments to 28 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Essar Power can be reached through the website archive.essar.com. Its registered office is in Gandhinagar, Gujarat, India.
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