About TP Northern Odisha Distribution Limited
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TP Northern Odisha Distribution Limited is a public limited company based in Balasore, Odisha, India, a subsidiary of The Tata Power Company Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 20 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U40109OR2021PLC035951. Its GSTIN is 21AAICT5123C1ZX (Odisha).
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹719.79 Cr. It is led by directors including Arup Ghosh and Sanjay Kumar Banga.
Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O – Managing Director Nesco Corporate Office Of Nesco Januganj, Balasore, Odisha, India – 756019.
As per the financials filed for FY 2023, the company reported a revenue of ₹3,452.65 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹115.67 Cr (net margin 3.4%) and EBITDA of ₹271.98 Cr (EBITDA margin 7.9%).
The company has about 2,296 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tpnodl. As per MCA filings, the company has open charges of ₹2,037.08 Cr and satisfied charges of ₹480.32 Cr on record. Court records list 36 cases involving the company, including 18 filed by the company and 18 filed against it; 14 cases are pending. The company has 5 deals on record (3 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹249.95 Cr; the latest was in March 2025. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 634 overdue payments to 114 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 tpnodl.com.
Company details
CIN history
TP Northern Odisha Distribution has one previous CIN (Corporate Identification Number): U40106OR2021SGC035951. The current CIN is U40109OR2021PLC035951, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109OR2021PLC035951 | Current |
| U40106OR2021SGC035951 | Previous |
Contact details
TP Northern Odisha Distribution Limited's registered office is in Balasore, Odisha. Its website is tpnodl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O – Managing Director Nesco Corporate Office Of Nesco Januganj, Balasore, Odisha, India – 756019
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of TP Northern Odisha Distribution 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
Brands
TP Northern Odisha Distribution operates one associated brand: TPNODL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electricity distribution and renewable energy services in Odisha. | tpnodl.com |
Financials of TP Northern Odisha Distribution Limited
FY 2025 filings availableTP Northern Odisha Distribution Limited reported revenue of ₹3,452.65 Cr (up 24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year. EBITDA rose 27% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹3,452.65 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹271.98 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹115.67 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 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.9% | ||
| Net Profit Margin | 3.4% | ||
| 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 TP Northern Odisha Distribution Limited, buy the company report.
Board of directors of TP Northern Odisha Distribution Limited
TP Northern Odisha Distribution has 12 current directors and 30 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arup Ghosh | Director | 27 Apr 2021 | 5 Years 6 Months | Current |
| Sanjay Kumar Banga Also directs: Tata Power Delhi Distribution Limited, TP Southern Odisha Distribution Limited, TP Central Odisha Distribution Limited and 5 more | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Sanjeev Gupta Also directs: TP Southern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited and 5 more | Director | 28 Apr 2022 | 4 Years 6 Months | Current |
| Vishal Kumar Dev | Director | 28 Nov 2024 | 1 Years 11 Months | Current |
| Satya Priya Rath Also directs: TP Southern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited and 4 more | Additional Director | 17 Jul 2025 | 1 Years 3 Months | Current |
| Arun Kumar Panda | Director | 28 Jul 2021 | 5 Years 3 Months | Current |
Auditor
TP Northern Odisha Distribution Limited is audited by SRBC & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of TP Northern Odisha Distribution Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of TP Northern Odisha Distribution Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2025 | 101151515 | Axis Bank Limited | ₹178.23 Cr | Open | |
| 29 Aug 2025 | 101151519 | Axis Bank Limited | ₹244.04 Cr | Open | |
| 29 May 2025 | 101114500 | Axis Bank Limited | ₹309.81 Cr | Open | |
| 13 Dec 2024 | 101019075 | Others | ₹91 Cr | Open | |
| 10 Jul 2024 | 100952282 | Others | ₹264 Cr | Open |
To see the full charge records of TP Northern Odisha Distribution Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
TP Northern Odisha Distribution Limited has 5 deals on record (3 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹249.95 Cr; the latest was in March 2025.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Rights issue | ₹155.74 Cr | Investors: The Tata Power Company Limited , Gridco Limited |
| Mar 2024 | Rights issue | ₹165.9 Cr | Investors: The Tata Power Company Limited , Gridco Limited |
| Mar 2022 | Rights issue | ₹148.15 Cr | Investors: The Tata Power Company Limited , Gridco Limited |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: The Tata Power Company Limited Seller: Gridco Limited |
| Apr 2021 | Funding round | ₹249.95 Cr | Investors: Gridco Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
TP Northern Odisha Distribution Limited has 36 court cases on record: 18 filed by TP Northern Odisha Distribution, 18 filed against it. 14 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 17 | 10 |
| NCLAT | 6 | 0 | 4 |
| District courts | 4 | 0 | 0 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2501-Insolvency Laws and Insolvency and Bankruptcy Code, 2016 : Insolvency Laws and Insolvency and Bankruptcy Code, 2016) | Filed against the company by M/S Reliance Projects and Property Management Limited | Disposed |
| High Court, ORISSA | Appeal | Filed by the company against Gridco Ltd and 2 others | Pending |
| High Court | Court case (CONTC) | Filed against the company by M/S. Pradhan Industries Ltd. Jajpur | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against M/S. Visa Steel Ltd., Jajpur and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Rohit Ferro Tech Limited Through Resolution Professional & Ors. and 2 others | Pending |
To see the full case history of TP Northern Odisha Distribution 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
TP Northern Odisha Distribution Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 634 overdue payments to 114 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 114)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suvam Transmission Private Limited | |||
| an individual supplier | |||
| Geovista Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of TP Northern Odisha Distribution Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
TP Northern Odisha Distribution Limited has a workforce of 2,296 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
TP Northern Odisha Distribution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAICT5123C1ZX | Odisha | Active | 09 Apr 2021 |
To see the full GST registrations and return filing status of TP Northern Odisha Distribution Limited, buy the company report.
Recent activity
TP Northern Odisha Distribution Limited has 42 board changes on record since 2021: 15 appointments and 27 cessations. The latest: Anu Garg was appointed as Additional Director on 16 Jan 2026.
45 earlier events are in the company report.
News
Frequently asked questions
TP Northern Odisha Distribution is an active public limited company based in Balasore, Odisha, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 20 March 2021 (5+ years old) and is registered under CIN U40109OR2021PLC035951.
TP Northern Odisha Distribution has 12 current directors:
- Arup Ghosh - Director
- Sanjay Kumar Banga - Director
- Sanjeev Gupta - Director
- Vishal Kumar Dev - Director
- Satya Priya Rath - Additional Director
- Arun Kumar Panda - Director
- Narendra Nath Misra - Director
- Kailash Nath Shrivastava - Director
- Shefali Shah - Director
- Monica Singhania - Director
- Kshirod Chandra Nanda - Additional Director
- Anu Garg - Additional Director
The latest financial statements of TP Northern Odisha Distribution on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 July 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of TP Northern Odisha Distribution is 21AAICT5123C1ZX, registered in Odisha.
The CIN (Corporate Identification Number) of TP Northern Odisha Distribution is U40109OR2021PLC035951. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TP Northern Odisha Distribution has 36 court cases on record: 18 filed by the company and 18 filed against it. 14 are pending. Most are in the high courts.
TP Northern Odisha Distribution was incorporated on 20 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Cuttack.
TP Northern Odisha Distribution has 5 deals on record (3 rights issues, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹249.95 Cr; the latest was in March 2025.
Anu Garg was appointed as Additional Director on 16 Jan 2026. Gajanan Sampatrao Kale was appointed as CEO on 23 Jul 2025. Monica Singhania ceased to be Additional Director on 22 Jul 2025. TP Northern Odisha Distribution has 42 board changes on record in total.
TP Northern Odisha Distribution has 7 MSME Form 1 returns on record between 2022 and 2024, listing 634 overdue payments to 114 micro and small suppliers. The latest return was filed on 27 Apr 2024.
TP Northern Odisha Distribution can be reached through the website tpnodl.com. Its registered office is in Balasore, Odisha, India.