About Ge Power Systems India Private Limited
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Ge Power Systems India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Ge Power Netherlands Bv. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 08 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29111DL2010FTC197807. Its GSTIN is 09AAICA1334J1ZQ (Uttar Pradesh). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1,267.09 Cr. It was formerly known as Alstom Bharat Forge Power Private Limited. It is led by directors Devendra Singh Baghel (Whole-Time Director) and Santosh Phanase.
Its last annual general meeting (AGM) was held on 26 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 18 First Floor Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹160.42 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹133.2 Cr (net margin -83%) and EBITDA of -₹126.51 Cr (EBITDA margin -78.9%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 41% over five years.
The company has about 355 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹7,116.4 Cr on record. Court records list 35 cases involving the company, including 12 filed by the company and 23 filed against it; 8 cases are pending. The company has 10 deals on record (6 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹107.07 Cr; the latest was in March 2018. Its 6 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 3 smaller; the largest is Vishvas Power Engineering Services Private Limited with revenue of ₹167.37 Cr. The company has 90 MSME Form 1 returns on record between 2015 and 2024, listing 12,846 overdue payments to 354 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 ge.com.
Company details
Name history
Ge Power Systems India has undergone 3 name changes throughout its history. The company was previously known as Ge Power Systems India Private Limited, Alstom Bharat Forge Power Private Limited, and Alstom Bharat Forge Power Limited. The current legal name is Ge Power Systems India Private Limited.
| Company Name | Status |
|---|---|
| Ge Power Systems India Private Limited | Current |
| Alstom Bharat Forge Power Private Limited | Previous |
| Alstom Bharat Forge Power Limited | Previous |
CIN history
Ge Power Systems India has one previous CIN (Corporate Identification Number): U29111DL2010FLC197807. The current CIN is U29111DL2010FTC197807, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29111DL2010FTC197807 | Current |
| U29111DL2010FLC197807 | Previous |
Contact details
Ge Power Systems India Private Limited's registered office is in New Delhi, Delhi. Its website is ge.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 18 First Floor Okhla Industrial Area Phase – II, New Delhi, Delhi, India – 110020
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Ge Power Systems 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 Ge Power Systems India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
To see the full business activity and turnover split of Ge Power Systems India Private Limited, buy the company report.
Financials of Ge Power Systems India Private Limited
FY 2024 filings availableGe Power Systems India Private Limited reported revenue of ₹160.42 Cr (down 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 46% fall 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 | -₹126.51 Cr | ||||
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| Net Profit (PAT) | -₹133.2 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 | -78.9% | ||||
| Net Profit Margin | -83% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ge Power Systems India Private Limited, buy the company report.
Board of directors of Ge Power Systems India Private Limited
Ge Power Systems India has 2 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Singh Baghel | Whole-Time Director | 01 Nov 2023 | 2 Years 11 Months | Current |
| Santosh Phanase | Director | 01 Sep 2019 | 7 Years 1 Months | Current |
Peer comparison
Ge Power Systems India Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Vishvas Power Engineering Services Private Limited | ₹167.37 Cr (FY 2025) | 4.0% | Nagpur, Maharashtra, India | |||
| Honeywell Electrical Devices and Systems India Limited | ₹162.63 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Microtek Himachal Power Products Private Limited | ₹160.63 Cr (FY 2022) | New Delhi, Delhi, India | ||||
| Ge Power Systems India Private Limitedthis company | ₹160.42 Cr (FY 2025) | -₹133.2 Cr | -83% | -46.0% | 355 | New Delhi, Delhi, India |
| Genlite Engineering Private Limited | ₹156.29 Cr (FY 2025) | -59.0% | Chennai, Tamil Nadu, India | |||
| Vivid Electromech Limited | ₹155.95 Cr (FY 2025) | 74.0% | Navi Mumbai, Maharashtra, India | |||
| Integrated Batteries India Private Limited | ₹155.34 Cr (FY 2025) | 167.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ge Power Systems India Private Limited, buy the company report.
Auditor
Ge Power Systems 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 Ge Power Systems 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 Ge Power Systems India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2016 | 100050346 | State Bank of India | ₹1,720 Cr | Satisfied | |
| 06 Apr 2015 | 10562406 | Sbicap Trustee Company Limited | ₹1,000 Cr | Satisfied | |
| 09 Oct 2014 | 10525035 | Axis Bank Limited | ₹150 Cr | Satisfied | |
| 09 Oct 2014 | 10525039 | Axis Bank Ltd. | ₹22.5 Cr | Satisfied | |
| 28 Mar 2014 | 10491142 | Axis Bank Limited | ₹200 Cr | Satisfied |
To see the full charge records of Ge Power Systems India Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Ge Power Systems India Private Limited has 10 deals on record (6 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹107.07 Cr; the latest was in March 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Rights issue | ₹754 Cr | Investors: Ge Power Netherlands BV, Ge India Industrial Private Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Ge India Industrial Private Limited Seller: Bharat Forge Ltd |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Ge India Industrial Private Limited Seller: Bharat Forge Ltd |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Ge India Industrial Private Limited Seller: Babasaheb Kalyani Family Trust, 3 individuals |
| Jan 2015 | Rights issue | ₹150 Cr | Investors: ALSTOM Power Holdings SA, Bharat Forge Ltd |
To see the full deal history of Ge Power Systems 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
Ge Power Systems India Private Limited has 35 court cases on record: 12 filed by Ge Power Systems India, 23 filed against it. 8 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 10 | 1 |
| District courts | 11 | 11 | 4 |
| Supreme Court | 4 | 2 | 3 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Mecwel Constructions Private Limited | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed against the company by Tara Chand Infra Logistic Solutions Ltd Karanbir Singh Bhadana | Pending |
| Supreme Court | Court case (20P-Environmental Laws) | Filed against the company by Adani Ports and Special Economic Zone Ltd. Through Deputy General Manager Through Deputy General Manager Shikar, New Mithakali Six Roads, Navrangpura ,Ahmedabad , Gujarat | Pending |
| High Court of Delhi | Court case (O.M.P. (T) (COMM.)) | Filed against the company by Mecwel Constructions Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Mecwel Constructions Private Limited | Disposed |
To see the full case history of Ge Power Systems 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.
Credit ratings & regulatory alerts
Ge Power Systems India Private Limited was last rated by Icra on 01 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 01 Feb 2021 |
To see the full credit ratings and regulatory alerts of Ge Power Systems India Private Limited, buy the company report.
MSME payment delays
Ge Power Systems India Private Limited has 90 MSME Form 1 returns on record between 2015 and 2024, listing 12,846 overdue payments to 354 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 354)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| New Era Enterprises | |||
| Gauges Bourdon (India) Pvt Ltd | |||
| Tata Projects Limited | |||
| an individual supplier |
To see the full MSME payment records of Ge Power Systems India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ge Power Systems India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Powerstatic Solutions India Private Limited | U29249DL2021FTC390144 |
To see the full group structure of Ge Power Systems India Private Limited, buy the company report.
Employees & EPFO
Ge Power Systems India Private Limited has a workforce of 355 employees on its EPFO records as of Mar 29, 2024, across 2 active EPFO establishments.
GST
Ge Power Systems India has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAICA1334J1ZQ | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AAICA1334J1Z7 | Bihar | Active | 01 Jul 2017 |
| 24AAICA1334J1ZY | Gujarat | Active | 01 Jul 2017 |
| 27AAICA1334J1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ge Power Systems India Private Limited, buy the company report.
Recent activity
Ge Power Systems India Private Limited has 24 board changes on record since 2010: 2 appointments and 22 cessations. The latest: Devendra Singh Baghel was appointed as Whole-Time Director on 01 Nov 2023.
52 earlier events are in the company report.
News
Frequently asked questions
Ge Power Systems India is an active foreign private limited company based in New Delhi, Delhi, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 08 January 2010 (16+ years old) and is registered under CIN U29111DL2010FTC197807.
Ge Power Systems India has 2 current directors:
- Devendra Singh Baghel - Whole-Time Director
- Santosh Phanase - Director
The latest financial statements of Ge Power Systems India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ge Power Systems India is 09AAICA1334J1ZQ, registered in Uttar Pradesh. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 10AAICA1334J1Z7 (Bihar), 24AAICA1334J1ZY (Gujarat), 27AAICA1334J1ZS (Maharashtra).
The CIN (Corporate Identification Number) of Ge Power Systems India is U29111DL2010FTC197807. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ge Power Systems India has 35 court cases on record: 12 filed by the company and 23 filed against it. 8 are pending. Most are in the high courts.
Ge Power Systems India was incorporated on 08 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Ge Power Systems India has 10 deals on record (6 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹107.07 Cr; the latest was in March 2018.
The peers of Ge Power Systems India by revenue are Vishvas Power Engineering Services Private Limited, Honeywell Electrical Devices and Systems India Limited, Microtek Himachal Power Products Private Limited, Genlite Engineering Private Limited, Vivid Electromech Limited and 1 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Devendra Singh Baghel was appointed as Whole-Time Director on 01 Nov 2023. Devendra Singh Baghel ceased to be Additional Director on 01 Nov 2023. Beena Swapnil Kothadia ceased to be Additional Director on 01 Sep 2022. Ge Power Systems India has 24 board changes on record in total.
Ge Power Systems India has 90 MSME Form 1 returns on record between 2015 and 2024, listing 12,846 overdue payments to 354 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Ge Power Systems India can be reached through the website ge.com. Its registered office is in New Delhi, Delhi, India.