India's Richest People 2026 edition · 1 director · Source: Hurun India
- #103 Rajan Raheja & family ₹32,600 Cr
Exide Energy Solutions Limited
Exide Energy Solutions Limited - consumer electronics & durables in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Active Public Limited Company consumer electronics and durables
Revenue · FY 2026
₹173.64 Cr
▲ 37% YoY
Net loss · FY 2026
₹248.16 Cr
Net margin -142.9%
EBITDA · FY 2026
-₹203.75 Cr
EBITDA margin -117.3%
Authorised capital
₹2,500 Cr
Registered with MCA
Paid-up capital
₹1,618.5 Cr
Issued & subscribed
Open charges
₹3,250 Cr
Secured borrowings
Company age
4 yrs
Est. 2022
Employees · EPFO
166
Provident fund records
About Exide Energy Solutions Limited
Data last updated:
Exide Energy Solutions Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Exide Industries Limited. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 24 March 2022.
Its director Rajan Raheja and family are #103 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U31100WB2022PLC252459. Its GSTIN is 19AAGCE9535M1ZY (West Bengal). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹2,500 Cr and a paid-up capital of ₹1,618.5 Cr. It is led by directors including Asish Kumar Mukherjee and Avik Kumar Roy.
Its last annual general meeting (AGM) was held on 18 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Exide House 59E Chowringhee Road, Kolkata, West Bengal, India – 700020.
As per the financials filed for FY 2026, the company reported a revenue of ₹173.64 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹248.16 Cr (net margin -142.9%) and EBITDA of -₹203.75 Cr (EBITDA margin -117.3%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company has about 166 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3,250 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 2 cases are pending. The company has 5 deals on record (3 rights issues, 2 acquisitions); the latest was in September 2026. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing, Energy Solutions), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is Speciality Enterprises Private Limited with revenue of ₹127.08 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 9 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31100WB2022PLC252459
Registration Number 252459
Incorporation Date 24 March 2022
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 May 2026
Date of Balance Sheet 31 March 2026
Parent Company Exide Industries Limited
Compliance Status Active Compliant
Recognitions & Rankings of Exide Energy Solutions
Contact details
Exide Energy Solutions Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressExide House 59E Chowringhee Road, Kolkata, West Bengal, India – 700020
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Exide Energy Solutions Limited, buy the company report.
Comprehensive company report
Exide Energy Solutions 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 activity of Exide Energy Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. 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 | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Exide Energy Solutions Limited, buy the company report.
Financials of Exide Energy Solutions Limited
FY 2026 filings availableExide Energy Solutions Limited reported revenue of ₹173.64 Cr (up 37% YoY) for FY 2026.
Revenue · FY 2026
₹173.64 Cr ▲ 37%
Net loss · FY 2026
₹248.16 Cr margin -142.9%
EBITDA · FY 2026
-₹203.75 Cr margin -117.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▼ 36%
Revenue has grown at a compounded annual rate (CAGR) of 14% over three years, including 37% growth in the latest year. EBITDA fell 19% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹203.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹248.16 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -117.3% | ||||
| Net Profit Margin | -142.9% | ||||
| 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 Exide Energy Solutions Limited, buy the company report.
Board of directors of Exide Energy Solutions Limited
Exide Energy Solutions has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asish Kumar Mukherjee | Director | 24 Mar 2022 | 4 Years 7 Months | Current |
| Avik Kumar Roy | Director | 24 Mar 2022 | 4 Years 7 Months | Current |
| Surin Kapadia Also directs: Exide Industries Limited, Thiante Consultancy Services LLP, Viems Agencies LLP and 5 more | Director | 01 Dec 2022 | 3 Years 11 Months | Current |
| Pravin Ramchandra Saraf Also directs: Exide Industries Limited | Additional Director | 19 Sep 2025 | 1 Years 1 Months | Current |
| Jaidit Singh Brar Also directs: Exide Industries Limited, Dhauladhar Ventures LLP, Tenneco Clean Air India Limited and 1 more | Director | 18 Dec 2024 | 1 Years 10 Months | Current |
| Rajan Beharilal Raheja | Director | 01 May 2024 | 2 Years 6 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
Exide Energy Solutions Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing, Energy Solutions), 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 |
|---|---|---|---|---|---|---|
| Exide Energy Solutions Limitedthis company | ₹173.64 Cr (FY 2026) | -₹248.16 Cr | -142.9% | 37.0% | 166 | Kolkata, West Bengal, India |
| Speciality Enterprises Private Limited | ₹127.08 Cr (FY 2025) | 100.0% | Ahmednagar, Maharashtra, India | |||
| Aerowin Industries Private Limited | ₹122.94 Cr (FY 2025) | 31.0% | Baddi, Himachal Pradesh, India | |||
| Forbes Marshall Steam Systems Private Limited | ₹122.54 Cr (FY 2016) | -40.0% | Pune, Maharashtra, India |
To see the full peer comparison of Exide Energy Solutions Limited, buy the company report.
Auditor
Exide Energy Solutions Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Exide Energy Solutions Limited is on record for 3 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Exide Energy Solutions Limited, buy the company report.
Charges & borrowings
Open charges
₹3,250 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2025 | 101129811 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open | |
| 15 Jun 2023 | 100733871 | Others | ₹3,000 Cr | Open | |
| 31 Aug 2022 | 100613665 | Others | ₹50 Cr | Open | |
| 14 Dec 2020 | 100399427 | Others | ₹75 Cr | Open | |
| 18 Sep 2020 | 100369514 | Axis Bank Limited | ₹75 Cr | Open |
To see the full charge records of Exide Energy Solutions Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Exide Energy Solutions Limited has 5 deals on record (3 rights issues, 2 acquisitions); the latest was in September 2026.
Total deals
5
Rights issues
3
Acquisitions
2
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Rights issue | ₹100 Cr | Investors: Exide Industries Limited |
| Jul 2025 | Rights issue | ₹420 Cr | Investors: Exide Industries Limited |
| May 2024 | Rights issue | ₹1,299.99 Cr | Investors: Exide Industries Limited |
| Aug 2023 | Acquisition | ₹1,185 Cr | Buyer: Exide Industries Limited |
| Jun 2022 | Acquisition | ₹815 Cr | Buyer: Exide Industries Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Exide Energy Solutions Limited has 7 court cases on record: 3 filed by Exide Energy Solutions, 4 filed against it. 2 cases are pending and 5 are disposed.
Total cases
7
Filed by the company
3
Filed against the company
4
Pending
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S K V Spare-O-Tech Private Limited | Pending |
| District court, BENGALURU RURAL, Karnataka | Interim or miscellaneous application | Filed against the company | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Disposed |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company | Disposed |
To see the full case history of Exide Energy Solutions 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
Exide Energy Solutions Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 9 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Lakshmi Caterers |
To see the full MSME payment records of Exide Energy Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Exide Energy Solutions Limited has a workforce of 166 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
166
Active EPFO establishments
1
Employee growth
654.55%
GST
Exide Energy Solutions has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAGCE9535M1ZY | West Bengal | Active | 05 Sep 2022 |
| 29AAGCE9535M1ZX | Karnataka | Active | 06 Apr 2022 |
| 24AAGCE9535M1Z7 | Gujarat | Active | 19 Apr 2023 |
| 29AAGCE9535M2ZW | Karnataka | Active | 21 May 2025 |
To see the full GST registrations and return filing status of Exide Energy Solutions Limited, buy the company report.
Recent activity
Exide Energy Solutions Limited has 17 board changes on record since 2022: 12 appointments and 5 cessations. The latest: Mandar Vighnahari Deo ceased to be CEO on 22 Dec 2025.
AGM
Exide Energy Solutions Limited last Annual general meeting of members was held on 18 May 2026 as per latest MCA records.
Filing
Exide Energy Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Ceased
Mandar Vighnahari Deo ceased to be CEO.
Appointed
Pravin Ramchandra Saraf was appointed as Additional Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 50.00 Cr with Charge ID 101129811 was registered on 15 Jul 2025.
Charges
A charge with Axis Bank Limited of Rs. 75.00 Cr registered on 18 Sep 2020 with Charge ID 100369514 was modified on 20 Mar 2025.
Appointed
Jaidit Singh Brar was appointed as Director.
Charges
A charge with Others of Rs. 3,000.00 Cr registered on 15 Jun 2023 with Charge ID 100733871 was modified on 15 Nov 2024.
Ceased
Arun Mittal ceased to be CEO.
Ceased
Mona Ninad Desai ceased to be Director.
Appointed
Rajan Beharilal Raheja was appointed as Director.
Appointed
Seema S Bajaj was appointed as Director.
16 earlier events are in the company report.
News
Frequently asked questions
Exide Energy Solutions is an active public limited company based in Kolkata, West Bengal, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 24 March 2022 (4+ years old) and is registered under CIN U31100WB2022PLC252459.
Exide Energy Solutions has 7 current directors:
- Asish Kumar Mukherjee - Director
- Avik Kumar Roy - Director
- Surin Kapadia - Director
- Pravin Ramchandra Saraf - Additional Director
- Jaidit Singh Brar - Director
- Rajan Beharilal Raheja - Director
- Seema S Bajaj - Director
The latest financial statements of Exide Energy Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 18 May 2026. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Exide Energy Solutions is 19AAGCE9535M1ZY, registered in West Bengal. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 29AAGCE9535M1ZX (Karnataka), 24AAGCE9535M1Z7 (Gujarat), 29AAGCE9535M2ZW (Karnataka).
The CIN (Corporate Identification Number) of Exide Energy Solutions is U31100WB2022PLC252459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Exide Energy Solutions has 7 court cases on record: 3 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Exide Energy Solutions was incorporated on 24 March 2022, making it 4+ years old. It is registered with the Registrar of Companies, Kolkata.
Exide Energy Solutions has 5 deals on record (3 rights issues, 2 acquisitions); the latest was in September 2026.
The peers of Exide Energy Solutions by revenue are Speciality Enterprises Private Limited, Aerowin Industries Private Limited, Forbes Marshall Steam Systems Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing, Energy Solutions), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mandar Vighnahari Deo ceased to be CEO on 22 Dec 2025. Pravin Ramchandra Saraf was appointed as Additional Director on 19 Sep 2025. Jaidit Singh Brar was appointed as Director on 18 Dec 2024. Exide Energy Solutions has 17 board changes on record in total.
Exide Energy Solutions has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 9 overdue payments to 1 micro and small supplier. The latest return was filed on 25 Apr 2024.
The registered office of Exide Energy Solutions is at Exide House 59E Chowringhee Road, Kolkata, West Bengal, India – 700020.
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