About First Energy Private Limited
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First Energy Private Limited is a foreign private limited company based in Pune, Maharashtra, India, a subsidiary of Thermax Limited.. It operates in the power epc segment of the energy and power sector. It was incorporated on 05 November 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U40200PN2008FTC139032. Its GSTIN is 06AABCF3154A1ZB (Haryana). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹925 Cr and a paid-up capital of ₹646.32 Cr. It is led by directors including Meher Pheroz Pudumjee and Ashish Bhandari.
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 Thermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003.
As per the financials filed for FY 2025, the company reported a revenue of ₹109.8 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹41.73 Cr (net margin -38%) and EBITDA of ₹71.29 Cr (EBITDA margin 64.9%). Revenue has grown at a compounded annual rate (CAGR) of 61% over three years and 43% over five years.
The company has about 62 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries.
The company is associated with 1 brand: First Energy. As per MCA filings, the company has open charges of ₹1,625.95 Cr and satisfied charges of ₹369.91 Cr on record. Court records list 9 cases involving the company, including 5 filed by the company and 4 filed against it; 3 cases are pending. The company has 28 deals on record (18 secondary share transfers, 5 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹77.92 Cr; the latest was in April 2025. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 87 overdue payments to 22 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 firstenergy.in.
Company details
CIN history
First Energy has one previous CIN (Corporate Identification Number): U40200MH2008FTC187978. The current CIN is U40200PN2008FTC139032, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40200PN2008FTC139032 | Current |
| U40200MH2008FTC187978 | Previous |
Contact details
First Energy Private Limited's registered office is in Pune, Maharashtra. Its website is firstenergy.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003
- IndustryEnergy and Power, Power EPC, BoP & BTG Services, Power Equipment Manufacturers
To see the full contact details of First Energy Private 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
First Energy operates one associated brand: First Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biomass-based stoves are manufactured by First Energy. | firstenergy.in |
Business activity
The main business activity of First Energy 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 First Energy Private Limited, buy the company report.
Financials of First Energy Private Limited
FY 2025 filings availableFirst Energy Private Limited reported revenue of ₹109.8 Cr (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 21% growth in the latest year. EBITDA rose 101% 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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| EBITDA | ₹71.29 Cr | ||||
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| Net Profit (PAT) | -₹41.73 Cr | ||||
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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 | 64.9% | ||||
| Net Profit Margin | -38% | ||||
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To see the full financial statements and ratios of First Energy Private Limited, buy the company report.
Board of directors and KMP of First Energy Private Limited
First Energy Private Limited currently reports 5 directors and 2 key managerial personnel. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meher Pheroz Pudumjee Also directs: Mephezalea Asset Services LLP, Thermax Limited., Rda Holdings Private Limited and 3 more | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
| Sumit Prafulla Rathi Also directs: Onix-Two Enersol Private Limited, First Energy Nine Private Limited, First Energy 10 Private Limited and 5 more | Cfo | 06 May 2024 | 2 Years 5 Months | Current |
| Ravi Vithal Damaraju Also directs: First Energy 7 Private Limited, First Energy 8 Private Limited, First Energy TN 1 Private Limited and 5 more | Ceo | 08 Nov 2022 | 3 Years 11 Months | Current |
| Ashish Bhandari Also directs: Thermax Limited., Thermax Foundation, Thermax Babcock & Wilcox Energy Solutions Limited and 1 more | Director | 03 Nov 2021 | 4 Years 11 Months | Current |
| Hemant Prabhakar Mohgaonkar | Nominee Director | 15 Jul 2015 | 11 Years 3 Months | Current |
| Rajendran Arunachalam | Director | 25 Jul 2019 | 7 Years 2 Months | Current |
Auditor
First Energy Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/ N500016 |
Shareholding
The shareholding of First Energy Private 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 First Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2025 | 101168635 | Others | ₹475 Cr | Open | |
| 23 Sep 2025 | 101168621 | Others | ₹44.12 Cr | Open | |
| 23 Jun 2025 | 101118907 | Others | ₹305 Cr | Open | |
| 27 Mar 2024 | 100904052 | Others | ₹324.36 Cr | Open | |
| 18 Mar 2024 | 100898095 | Others | ₹142.73 Cr | Open |
To see the full charge records of First Energy Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
First Energy Private Limited has 28 deals on record (18 secondary share transfers, 5 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹77.92 Cr; the latest was in April 2025.
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | Rights issue | ₹112 Cr | Investors: Thermax Limited. |
| Jun 2023 | Acquisition | ₹265.91 Cr | Buyer: Thermax Limited. |
| Sep 2021 | Acquisition | ₹139.94 Cr | Buyer: Thermax Limited. |
| Aug 2021 | Secondary share transfer | Undisclosed | Seller: Thermax Limited. |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: Thermax Limited. Seller: an individual |
To see the full deal history of First Energy Private 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
First Energy Private Limited has 9 court cases on record: 5 filed by First Energy, 4 filed against it. 3 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 1 |
| District courts | 3 | 0 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Central Transmission Utility of India Ltd | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by Esteem Bio Fuel Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Mileenergy Technologies Private Ltd and 1 other | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Reference IDA) | Filed by the company against an individual | Pending |
To see the full case history of First Energy Private 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
First Energy Private Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 87 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Fast & Reliable Services Private Limited | |||
| Jasbir Tourist Taxi Services | |||
| Executive Car Rental Servies | |||
| Monika Travels |
To see the full MSME payment records of First Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
First Energy has 9 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| First Energy 6 Private Limited | U35105PN2023PTC218888 | |
| First Energy 7 Private Limited | U35105PN2023PTC218968 | |
| First Energy 3 Private Limited | U40100PN2022PTC211607 | |
| First Energy 4 Private Limited | U40100PN2022PTC216736 | |
| First Energy TN 1 Private Limited | U40108PN2022PTC208074 | |
| First Energy 5 Private Limited | U40200PN2022PTC216938 |
To see the full group structure of First Energy Private Limited, buy the company report.
Employees & EPFO
First Energy Private Limited has a workforce of 62 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
First Energy has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AABCF3154A1ZB | Haryana | Active | 01 Jul 2017 |
| 07AABCF3154A1Z9 | Delhi | Active | 01 Jul 2017 |
| 08AABCF3154A1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 19AABCF3154A1Z4 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of First Energy Private Limited, buy the company report.
Recent activity
First Energy Private Limited has 27 board changes on record since 2009: 7 appointments and 20 cessations. The latest: Arun Unni ceased to be Additional Director on 22 Jul 2025.
40 earlier events are in the company report.
Frequently asked questions
First Energy is an active foreign private limited company based in Pune, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 05 November 2008 (18+ years old) and is registered under CIN U40200PN2008FTC139032.
First Energy has 7 current directors and KMP:
- Meher Pheroz Pudumjee - Director
- Ashish Bhandari - Director
- Hemant Prabhakar Mohgaonkar - Nominee Director
- Rajendran Arunachalam - Director
- Arun Unni - Director
- Sumit Prafulla Rathi - Cfo
- Ravi Vithal Damaraju - Ceo
The latest financial statements of First Energy 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 2015 are in the company report.
The GSTIN of First Energy is 06AABCF3154A1ZB, registered in Haryana. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 07AABCF3154A1Z9 (Delhi), 08AABCF3154A1Z7 (Rajasthan), 19AABCF3154A1Z4 (West Bengal).
The CIN (Corporate Identification Number) of First Energy is U40200PN2008FTC139032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
First Energy has 9 court cases on record: 5 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
First Energy was incorporated on 05 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Pune.
First Energy has 28 deals on record (18 secondary share transfers, 5 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹77.92 Cr; the latest was in April 2025.
Arun Unni ceased to be Additional Director on 22 Jul 2025. Arun Unni was appointed as Director on 27 Nov 2024. Meher Pheroz Pudumjee ceased to be Additional Director on 28 Jul 2024. First Energy has 27 board changes on record in total.
First Energy has 7 MSME Form 1 returns on record between 2019 and 2024, listing 87 overdue payments to 22 micro and small suppliers. The latest return was filed on 01 May 2024.
First Energy can be reached through the website firstenergy.in. Its registered office is in Pune, Maharashtra, India.