About Fortum India Private Limited
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Fortum India Private Limited is a foreign private limited company based in Delhi, India, a subsidiary of Fortum Holding B.V., Netherlands. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 07 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40101DL2012FTC241791. Its GSTIN is 07AACCF0436G1Z1 (Delhi). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹160 Cr and a paid-up capital of ₹143.53 Cr. It is led by directors including Manoj Gupta (Whole-Time Director) and Peter Orjan Strannegard.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No. 103 H – 3 Vardhman Plaza, Netaji Subhash Place Pitampura Delhi, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.72 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹49.18 Cr (net margin -294.2%) and EBITDA of -₹44.72 Cr (EBITDA margin -267.5%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 24% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 5 filed against it; 2 cases are pending. The company has 7 deals on record (5 rights issues, 1 funding round, 1 acquisition), with disclosed funding of ₹21 Cr; the latest was in March 2022. The company has 8 MSME Form 1 returns on record between 2021 and 2023, listing 105 overdue payments to 36 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 fortum.in.
Company details
Contact details
Fortum India Private Limited's registered office is in Delhi, Delhi. Its website is fortum.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 103 H – 3 Vardhman Plaza, Netaji Subhash Place Pitampura Delhi, Delhi, India – 110034
- IndustryEnvironment, Clean Energy Solutions
To see the full contact details of Fortum India 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
Business activity
The main business activity of Fortum India is professional, scientific and technical. In detail, this covers management consultancy activities and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Fortum India Private Limited, buy the company report.
Financials of Fortum India Private Limited
FY 2025 filings availableFortum India Private Limited reported revenue of ₹16.72 Cr (down 56% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 56% fall in the latest year. EBITDA fell 43% 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 | -₹44.72 Cr | ||||
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| Net Profit (PAT) | -₹49.18 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 | -267.5% | ||||
| Net Profit Margin | -294.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Fortum India Private Limited, buy the company report.
Board of directors of Fortum India Private Limited
Fortum India has 7 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Peter Orjan Strannegard | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Alok Verma Also directs: Solarone Energy Private Limited, Solarxl Beta Energy Private Limited, Solarxl Alpha Energy Private Limited and 5 more | Director | 25 Jun 2025 | 1 Years 4 Months | Current |
| Arpit Jain Also directs: Solarone Energy Private Limited, Solarxl Beta Energy Private Limited, Solarxl Alpha Energy Private Limited and 5 more | Director | 25 Jun 2025 | 1 Years 4 Months | Current |
| Manoj Gupta | Whole-Time Director | 19 Jun 2019 | 7 Years 4 Months | Current |
| Sanjay Aggarwal Also directs: Solarone Energy Private Limited, Solarxl Beta Energy Private Limited, Solarxl Gamma Energy Private Limited and 5 more | Additional Director | 24 Oct 2025 | 1 Years 0 Months | Current |
| Luc Oscar Alice Schelkens | Director | 22 Nov 2021 | 4 Years 11 Months | Current |
Auditor
Fortum India Private Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS | FY 2023 | 015125N |
Shareholding
The shareholding of Fortum India 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 Fortum India Private Limited, buy the company report.
Deals & funding
Fortum India Private Limited has 7 deals on record (5 rights issues, 1 funding round, 1 acquisition), with disclosed funding of ₹21 Cr; the latest was in March 2022.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹49.4 Cr | Investors: Fortum Holding BV |
| Jul 2019 | Rights issue | ₹5.6 Cr | Investors: Fortum Holding BV |
| Jun 2018 | Acquisition | ₹1,191 Cr | Buyer: EAB Group Plc, UK Climate Investments LLP Seller: Fortum India Private Limited |
| Jun 2018 | Rights issue | ₹15 Cr | Investors: Fortum Holding BV |
| Aug 2017 | Rights issue | ₹10.8 Cr | Investors: Fortum Holding BV |
To see the full deal history of Fortum India 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
Fortum India Private Limited has 5 court cases on record: 5 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (MISC.)) | Filed against the company by Anmol Solutions Pvt Ltd | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by M/S Anmol Solutions Pvt. Ltd. | Disposed |
| District court, Faridabad, Haryana | Court case (TRF) | Filed against the company by State of Haryana | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Disposed |
To see the full case history of Fortum India 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
Fortum India Private Limited has 8 MSME Form 1 returns on record between 2021 and 2023, listing 105 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Electron Power Serviceeps | |||
| an individual supplier | |||
| Weartech Engineers Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Fortum India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Fortum India Private Limited has a workforce of 57 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Fortum India has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCF0436G1Z1 | Delhi | Active | 01 Jul 2017 |
| 06AACCF0436G1Z3 | Haryana | Active | 01 Jul 2017 |
| 29AACCF0436G1ZV | Karnataka | Active | 29 May 2018 |
| 06AACCF0436G3Z1 | Haryana | Active | 25 Mar 2025 |
To see the full GST registrations and return filing status of Fortum India Private Limited, buy the company report.
Recent activity
Fortum India Private Limited has 31 board changes on record since 2013: 7 appointments and 24 cessations. The latest: Sanjay Aggarwal was appointed as Additional Director on 24 Oct 2025.
22 earlier events are in the company report.
News
Frequently asked questions
Fortum India is an active foreign private limited company based in Delhi, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 07 September 2012 (14+ years old) and is registered under CIN U40101DL2012FTC241791.
Fortum India has 7 current directors:
- Manoj Gupta - Whole-Time Director
- Peter Orjan Strannegard - Director
- Alok Verma - Director
- Arpit Jain - Director
- Sanjay Aggarwal - Additional Director
- Luc Oscar Alice Schelkens - Director
- Ankit Chhabra - Director
The latest financial statements of Fortum India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fortum India is 07AACCF0436G1Z1, registered in Delhi. The company has 7 GST registrations in all, of which 5 are active and 2 are cancelled or inactive. Other active GSTINs include 06AACCF0436G1Z3 (Haryana), 29AACCF0436G1ZV (Karnataka), 06AACCF0436G3Z1 (Haryana).
The CIN (Corporate Identification Number) of Fortum India is U40101DL2012FTC241791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fortum India has 5 court cases on record: 5 filed against it. 2 are pending. Most are in the district courts.
Fortum India was incorporated on 07 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Fortum India has 7 deals on record (5 rights issues, 1 funding round, 1 acquisition), with disclosed funding of ₹21 Cr; the latest was in March 2022.
Sanjay Aggarwal was appointed as Additional Director on 24 Oct 2025. Alok Verma ceased to be Additional Director on 29 Sep 2025. Arpit Jain ceased to be Additional Director on 29 Sep 2025. Fortum India has 31 board changes on record in total.
Fortum India has 8 MSME Form 1 returns on record between 2021 and 2023, listing 105 overdue payments to 36 micro and small suppliers. The latest return was filed on 22 Oct 2023.
Fortum India can be reached through the website fortum.in. Its registered office is in Delhi, India.
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