About Everest Power Private Limited
Data last updated:
Everest Power Private Limited is a private limited company based in Shimla, Himachal Pradesh, India, a subsidiary of Greenko Energies Private Limited. It operates in the hydroelectric power solutions segment of the environmental services sector. It was incorporated on 04 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U40101HP2001PTC024679. Its GSTIN is 02AABCE0832G2ZC (Himachal Pradesh). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹325 Cr and a paid-up capital of ₹318.1 Cr. It is led by directors Venkatachutta Satish Babu Mutha and Saleem Basha Syed.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H No. C – 35 Sector II Phase I Main Road New Shimla 171009 Himachal, Pradesh, Himachal Pradesh, India – 171009.
As per the financials filed for FY 2025, the company reported a revenue of ₹135.42 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net loss of ₹13.93 Cr (net margin -10.3%) and EBITDA of ₹81.05 Cr (EBITDA margin 59.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Everest Power Private Limited. As per MCA filings, the company has open charges of ₹676.72 Cr and satisfied charges of ₹671.88 Cr on record. Court records list 51 cases involving the company, including 31 filed by the company and 18 filed against it; 11 cases are pending. The company has 16 deals on record (9 secondary share transfers, 6 funding rounds, 1 debt financing), with disclosed funding of ₹527.24 Cr; the latest was in April 2022. Its 10 peer companies in the Cleantech industry (Hydro Power) are compared by revenue, 5 larger and 5 smaller; the largest is GH Energy Private Limited with revenue of ₹176.96 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 3 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 everestpower.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressH No. C – 35 Sector II Phase I Main Road New Shimla 171009 Himachal, Pradesh, Himachal Pradesh, India – 171009
- IndustryEnvironment, Hydroelectric Power Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Everest Power Private Limited
The main business activity of Everest Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Everest Power Private Limited FY 2024 filings available
Everest Power Private Limited reported revenue of ₹135.42 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Everest Power Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 35% growth in the latest year. EBITDA rose 84% 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 of Everest Power Private Limited
| 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 | ₹81.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.93 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 of Everest Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Everest Power are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Everest Power Private Limited
Everest Power Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Hydro Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| GH Energy Private Limited | ₹176.96 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Delhi, India |
| Mohite Industries Limited Listed | ₹170.36 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Kolhapur, Maharashtra, India |
| Dans Energy Private Limited | ₹165.47 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Delhi, India |
| U.P. Rajya Vidyut Utpadan Nigam Limited | ₹152.18 Cr (FY 2022) | •••• | •••• | -35.0% | •••• | Lucknow, Uttar Pradesh, India |
| Parbati Koldam Transmission Company Limited | ₹137.37 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Everest Power Private Limited this company | ₹135.42 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Shimla, Himachal Pradesh, India |
| Sirmour Small Hydro Power Private Limited | ₹121.7 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bhopal, Madhya Pradesh, India |
| Gi Hydro Private Limited | ₹120.18 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Hyderabad, Telangana, India |
| Advait Greenergy Private Limited | ₹102.88 Cr (FY 2025) | •••• | •••• | 3842.0% | •••• | Ahmedabad, Gujarat, India |
| Bhilangana Hydro Power Limited | ₹97.74 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Khatima, Uttarakhand, India |
| Ashoka Sthapatya Limited | ₹84.28 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Everest Power by revenue in the Cleantech industry (Hydro Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Everest Power Private Limited
Everest Power Private Limited is audited by Ramu & Ravi, Chartered Accountants for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ramu & Ravi, Chartered Accountants | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Everest Power Private Limited
Everest Power has 2 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkatachutta Satish Babu Mutha | Director | 31 Mar 2020 | 6 Years 6 Months | Current |
| Saleem Basha Syed Also directs: Everest Power Private Limited, Sunam Power Private Limited, Sei Eravi Power Private Limited and 5 more | Director | 31 Mar 2020 | 6 Years 6 Months | Current |
Ownership and Shareholding of Everest Power Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Everest Power Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Apr 2025 | Idbi Trusteeship Services Limited | ₹28.52 Cr | Open |
| 25 Oct 2024 | Idbi Trusteeship Services Limited | ₹648.2 Cr | Open |
| 23 Apr 2013 | State Bank of Patiala | ₹20 Cr | Satisfied |
| 19 Sep 2012 | State Bank of Patiala | ₹20 Cr | Satisfied |
| 30 Aug 2006 | Rural Electrification Corporation Limited | ₹604.88 Cr | Satisfied |
Total charge records: 7 View all charges
Deals & Funding of Everest Power Private Limited
Everest Power Private Limited has 16 deals on record (9 secondary share transfers, 6 funding rounds, 1 debt financing), with disclosed funding of ₹527.24 Cr; the latest was in April 2022.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Greenko Energies Private Limited Seller: Athena Infraprojects Private Limited |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Greenko Power Projects (Mauritius) Limited, Greenko Energies Private Limited Seller: Asian Genco Pte Limited, Athena Infraprojects Private Limited , Investor's Trust (FZC) |
| Jun 2012 | Funding round | ₹56.8 Cr | Investors: Athena Infraprojects Private Limited , Investor's Trust (FZC) |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Athena Infraprojects Private Limited Seller: Athena Infraprojects Private Limited |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Athena Infraprojects Private Limited Seller: Indian Infrastructure Developers Limited |
Full deal history
All 16 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Everest Power Private Limited
Everest Power Private Limited has 51 court cases on record: 31 filed by Everest Power, 18 filed against it, 2 where it is another party. 11 cases are pending and 40 are disposed. Status as checked between 28 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 30 | 0 | 10 |
| District courts | 16 | 13 | 1 |
| Supreme Court | 5 | 5 | 0 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Himachal Pradesh | Court case (CVT) | Filed by the company against Malana Power Company Limited | Disposed |
| Supreme Court | Appeal | Filed against the company by Punjab State Power Corporation Limited | Disposed |
| High Court of Himachal Pradesh | Interim or miscellaneous application | Filed by the company against State of HP | Pending |
| High Court of Himachal Pradesh | Writ petition | Filed by the company against State of HP | Pending |
| District court, Kullu, Himachal Pradesh | Court case (Suit for Permanent Injunction) | Company is another party | Pending |
Full case history
All 51 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Everest Power Private Limited
Everest Power Private Limited has 9 MSME Form 1 returns on record between 2021 and 2023, listing 50 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Boms Private Limited | •••• | •••• | •••• |
| Manohar Chowdhry & Associates | •••• | •••• | •••• |
| Aquagreen Engineering Management Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Everest Power Private Limited
Everest Power operates one associated brand: EVEREST POWER PRIVATE LIMITED. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hydro electric power generation in Himachal Pradesh. | everestpower.in |
Employees and EPFO Compliance at Everest Power Private Limited
Everest Power Private Limited has a workforce of 46 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Everest Power Private Limited
Everest Power Private Limited has 22 board changes on record since 2007: 2 appointments and 20 cessations. The latest: Krishna Kishore Chivukula ceased to be Director on 31 Jul 2022.
27 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Everest Power Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Everest Power Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Everest Power Private Limited
Everest Power has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AABCE0832G2ZC | Himachal Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Everest Power Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Everest Power Private Limited
Everest Power is an active private limited company based in Shimla, Himachal Pradesh, India. The company works in hydroelectric power solutions, within the environment industry. It was incorporated on 04 October 2001 (25+ years old) and is registered under CIN U40101HP2001PTC024679.
Everest Power reported revenue of ₹135.42 Cr for FY 2025 (up 35% YoY).
Everest Power has 2 current directors:
- Venkatachutta Satish Babu Mutha - Director
- Saleem Basha Syed - Director
Everest Power reported a net loss of ₹13.93 Cr (net margin -10.3%) and EBITDA of ₹81.05 Cr (EBITDA margin 59.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Everest Power is -3% over three years and 2% over five years. In the latest year (FY 2025) revenue rose 35%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Everest Power is 02AABCE0832G2ZC, registered in Himachal Pradesh. 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 Everest Power is U40101HP2001PTC024679. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Everest Power has 51 court cases on record: 31 filed by the company and 18 filed against it. 11 are pending. Most are in the high courts.
Everest Power was incorporated on 04 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Everest Power has 16 deals on record (9 secondary share transfers, 6 funding rounds, 1 debt financing), with disclosed funding of ₹527.24 Cr; the latest was in April 2022.
The peers of Everest Power by revenue are GH Energy Private Limited, Mohite Industries Limited, Dans Energy Private Limited, U.P. Rajya Vidyut Utpadan Nigam Limited, Parbati Koldam Transmission Company Limited and 5 more, all in the Cleantech industry (Hydro Power).
Krishna Kishore Chivukula ceased to be Director on 31 Jul 2022. Saleem Basha Syed ceased to be Additional Director on 31 Dec 2020. Venkatachutta Satish Babu Mutha ceased to be Additional Director on 31 Dec 2020. Everest Power has 22 board changes on record in total.