About Facor Power Limited
Data last updated:
Facor Power Limited was a public limited company based in Bhadrak, Odisha, India, operated as a subsidiary of Ferro Alloys Corporation Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 24 August 2005.
The company was registered with the Registrar of Companies (ROC), Cuttack, under CIN U40101OR2005PLC036808. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹250 Cr and a paid-up capital of ₹241.06 Cr. It was led by directors including Narayanaswamy Alampallam Ramakrishnan and Pallavi Joshi Bakhru.
Its last annual general meeting (AGM) was held on 30 June 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at D P Nagar Randia, Bhadrak, Odisha, India – 756135.
As per the financials filed for FY 2022, the company reported a revenue of ₹144.55 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net loss of ₹50.29 Cr (net margin -34.8%) and EBITDA of ₹20.77 Cr (EBITDA margin 14.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company had about 106 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹1,206.41 Cr and satisfied charges of ₹125 Cr on record. Court records list 14 cases involving the company, including 1 filed by the company and 13 filed against it; 2 cases are pending. The company has 10 deals on record (5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹241.01 Cr; the latest was in March 2021. Its 6 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is Crescent Power Limited with revenue of ₹214.14 Cr.
The last known website on record is facorgroup.in.
Company details
CIN history
Facor Power has one previous CIN (Corporate Identification Number): U40101DL2005PLC139923. The current CIN is U40101OR2005PLC036808, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40101OR2005PLC036808 | Current |
| U40101DL2005PLC139923 | Previous |
Contact details
Facor Power Limited's registered office is in Bhadrak, Odisha. Its website is facorgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressD P Nagar Randia, Bhadrak, Odisha, India – 756135
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Facor 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 Facor 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 Facor Power Limited, buy the company report.
Financials of Facor Power Limited
FY 2022 filings availableFacor Power Limited reported revenue of ₹144.55 Cr (up 16% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 16% growth in the latest year. EBITDA fell 3% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹144.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹20.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹50.29 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.4% | ||||
| Net Profit Margin | -34.8% | ||||
| 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 Facor Power Limited, buy the company report.
Board of directors and KMP of Facor Power Limited
Facor Power Limited currently reports 4 directors and 1 key managerial person. 29 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallavi Joshi Bakhru Also directs: Ferro Alloys Corporation Limited, Grant Thornton Bharat LLP, Gabriel India Limited and 3 more | Additional Director | 21 Sep 2020 | 6 Years 1 Months | As last reported |
| Akhilesh Joshi Also directs: Ferro Alloys Corporation Limited, Rajasthan State Mines and Minerals Ltd, Wolkem Industries Limited and 1 more | Additional Director | 21 Sep 2020 | 6 Years 1 Months | As last reported |
| Sauvick Mazumdar Also directs: Apjsw Private Limited, Federation of India Mineral Industries | Additional Director | 21 Sep 2020 | 6 Years 1 Months | As last reported |
| Narayanaswamy Alampallam Ramakrishnan Also directs: Sesa Resources Limited, Sesa Mining Corporation Limited, Naini Papers Limited and 5 more | Director | 21 Sep 2020 | 6 Years 1 Months | As last reported |
| Balwant Singh Rathore Also directs: Federation of India Mineral Industries | Ceo | 01 Apr 2021 | 5 Years 7 Months | As last reported |
Peer comparison
Facor Power Limited is compared with the 6 companies closest to it by revenue in the Power industry (Thermal Power Plants), with 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 |
|---|---|---|---|---|---|---|
| Crescent Power Limited | ₹214.14 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Angul Energy Limited | ₹199.99 Cr (FY 2023) | 7.0% | New Delhi, Delhi, India | |||
| Caparo Power Limited | ₹179.86 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Facor Power Limitedthis company | ₹144.55 Cr (FY 2022) | -₹50.29 Cr | -34.8% | 16.0% | 106 | Bhadrak, Odisha, India |
| Meenakshi Energy Limited | ₹121.57 Cr (FY 2025) | 93415.0% | Ramachandrapuram, Telangana, India | |||
| Welspun Captive Power Generation Limited | ₹116.05 Cr (FY 2025) | -24.0% | Anjar, Gujarat, India | |||
| Godawari Green Energy Private Limited | ₹95.71 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Facor Power Limited, buy the company report.
Auditor
Facor Power Limited is audited by SBN & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SBN & Associates | FY 2022 | 323579E |
Shareholding
The shareholding of Facor Power Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Facor Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2011 | 10308980 | Others | ₹2.46 Cr | Open | |
| 10 Jul 2009 | 10173040 | Others | ₹1,203.95 Cr | Open | |
| 22 Sep 2010 | 10268019 | Central Bank of India Limited | ₹125 Cr | Satisfied |
To see the full charge records of Facor Power Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Facor Power Limited has 10 deals on record (5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹241.01 Cr; the latest was in March 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Ferro Alloys Corporation Limited Seller: Vineet Infin Private Limited |
| Oct 2020 | Secondary share transfer | Undisclosed | Buyer: Ferro Alloys Corporation Limited Seller: Vineet Infin Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Balasore Alloys Limited Seller: Ferro Alloys Corporation Limited |
| Jul 2011 | Funding round | ₹106.95 Cr | Investors: Ferro Alloys Corporation Limited, Facor Alloys Limited , Vineet Infin Private Limited |
| Apr 2009 | Funding round | ₹71.57 Cr | Investors: Ferro Alloys Corporation Limited, Vineet Infin Private Limited , Super Vision Limited |
To see the full deal history of Facor 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
Facor Power Limited has 14 court cases on record: 1 filed by Facor Power, 13 filed against it. 2 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 3 | 2 | 0 |
| Supreme Court | 3 | 3 | 2 |
| NCLT | 3 | 3 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by M/S Vedanta Limited Formerly Known As M/S.Sesa Sterlite Ltd. Authorized Signatory Aditya Pyasi Authorized Signatory Aditya Pyasi 1St Floor, Fortune Tower, Chandrasekharpur, Bhubaneswar , , Orissa | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Rai Bahadur Shree Ram and Company Pvt Ltd THR. Authorized Representative Shreeram Bhawan, Tumsar , District: Bhandara M.S. Bhandra ,Bhandara , Maharashtra | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Facor Alloys Limited | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed against the company by Agarwal Coal Corporation Pvt. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by M/S Thyssenkrupp Industries India Pvt. Ltd. Through K J Dastoor | Disposed |
To see the full case history of Facor 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.
Credit ratings & regulatory alerts
Facor Power Limited was last rated by Care on 12 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 12 Jul 2022 |
To see the full credit ratings and regulatory alerts of Facor Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Facor Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Facor Power Limited has a workforce of 106 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
Facor Power has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Facor Power Limited, buy the company report.
Recent activity
Facor Power Limited has 32 board changes on record since 2011: 5 appointments and 27 cessations. The latest: Pallavi Joshi Bakhru ceased to be Director on 20 Sep 2022.
29 earlier events are in the company report.
Frequently asked questions
Facor Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Facor Power was a public limited company based in Bhadrak, Odisha, India. The company worked in thermal power generation and plants, within the energy and power industry. It was incorporated on 24 August 2005 and is registered under CIN U40101OR2005PLC036808. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Facor Power was incorporated on 24 August 2005. It is registered with the Registrar of Companies, Cuttack.
Facor Power had 5 directors and KMP:
- Pallavi Joshi Bakhru - Additional Director
- Akhilesh Joshi - Additional Director
- Sauvick Mazumdar - Additional Director
- Narayanaswamy Alampallam Ramakrishnan - Director
- Balwant Singh Rathore - Ceo
The CIN (Corporate Identification Number) of Facor Power is U40101OR2005PLC036808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Facor Power is at D P Nagar Randia, Bhadrak, Odisha, India – 756135.
Facor Power can be reached through the website facorgroup.in. Its registered office is in Bhadrak, Odisha, India.
The latest financial statements of Facor Power on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 June 2022. Year-wise statements from 2015 are in the company report.
No. Facor Power has 2 GST registrations on record and all of them are cancelled or inactive.
Facor Power operated in the energy and power industry, in the thermal power generation and plants segment.
Facor Power has 10 deals on record (5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹241.01 Cr; the latest was in March 2021.
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