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About Ganco Energy (India) Private Limited
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Ganco Energy (India) Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 18 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U40106AP2014PTC095862. Its GSTIN is 37AAFCG8316H1ZH (Andhra Pradesh).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.6 Cr. It is led by directors including Chinni Kumarilakshmi Gadu (Managing Director) and Appalanaidu Gadu (Managing Director).
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 12 – 21 – 43/2 Kaligotla Vari Street Chinnabazar Bheemunipatnam, Visakhapatnam, Andhra Pradesh, India – 531163.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.48 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net loss of ₹1.44 Cr (net margin -41.4%) and EBITDA of ₹58.22 Lakh (EBITDA margin 16.8%). Revenue has grown at a compounded annual rate (CAGR) of 971% over three years.
The company is associated with 1 brand: Ganco Energy. As per MCA filings, the company has open charges of ₹10.65 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gancoenergy.com.
Company details
Contact details
Ganco Energy (India) Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is gancoenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12 – 21 – 43/2 Kaligotla Vari Street Chinnabazar Bheemunipatnam, Visakhapatnam, Andhra Pradesh, India – 531163
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Ganco Energy (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
Brands
Ganco Energy (India) operates one associated brand: Ganco Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers engineering, procurement, and construction services for solar PV systems. | gancoenergy.com |
Business activity
The main business activity of Ganco Energy (India) 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 Ganco Energy (India) Private Limited, buy the company report.
Financials of Ganco Energy (India) Private Limited
FY 2020 filings availableGanco Energy (India) Private Limited reported revenue of ₹3.48 Cr (down 25% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 971%. EBITDA fell 73% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.48 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹58.22 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.44 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.8% | ||||
| Net Profit Margin | -41.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ganco Energy (India) Private Limited, buy the company report.
Board of directors of Ganco Energy (India) Private Limited
Ganco Energy (India) has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chinni Kumarilakshmi Gadu Also directs: Ganco Infra Projects Private Limited | Managing Director | 18 Dec 2014 | 11 Years 10 Months | Current |
| Appalanaidu Gadu Also directs: Ganco Infra Projects Private Limited | Managing Director | 18 Dec 2014 | 11 Years 10 Months | Current |
| Srikanth Garimella | Director | 18 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Ganco Energy (India) Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power), 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 |
|---|---|---|---|---|---|---|
| Akr Construction (Solar) Private Limited | ₹3.5 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Aditya Birla Renewables Utkal Limited | ₹3.49 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Bhagyanagar Green Energy Private Limited | ₹3.49 Cr (FY 2025) | -17.0% | Secunderabad, Telangana, India | |||
| Azure Power Mercury Private Limited | ₹3.49 Cr (FY 2025) | 77.0% | New Delhi, Delhi, India | |||
| Ganco Energy (India) Private Limitedthis company | ₹3.48 Cr (FY 2020) | -₹1.44 Cr | -41.4% | -25.0% | Visakhapatnam, Andhra Pradesh, India | |
| Earth Solar Private Limited | ₹3.45 Cr (FY 2025) | 11.0% | Chandigarh, India |
To see the full peer comparison of Ganco Energy (India) Private Limited, buy the company report.
Auditor
Ganco Energy (India) Private Limited is audited by N Y AJAY KUMAR & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N Y AJAY KUMAR & ASSOCIATES | FY 2020 | 013809S |
Shareholding
The shareholding of Ganco Energy (India) Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ganco Energy (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2017 | 100156382 | Others | ₹10.65 Cr | Open | |
| 21 Oct 2016 | 100063589 | Others | ₹4.5 Cr | Satisfied |
To see the full charge records of Ganco Energy (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Ganco Energy (India) Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed against the company by M/S Cholamandalam Investments and Finance Company Ltd | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Criminal miscellaneous application | Filed against the company by Union Bank of India | Disposed |
To see the full case history of Ganco Energy (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
Ganco Energy (India) Private Limited was last rated by Care on 13 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 13 Sep 2022 |
To see the full credit ratings and regulatory alerts of Ganco Energy (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ganco Energy (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ganco Energy (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCG8316H1ZH | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ganco Energy (India) Private Limited, buy the company report.
Recent activity
Ganco Energy (India) Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Patitapaban Patra ceased to be Additional Director on 14 Aug 2023.
3 earlier events are in the company report.
Frequently asked questions
Ganco Energy (India) is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 18 December 2014 (12+ years old) and is registered under CIN U40106AP2014PTC095862.
Ganco Energy (India) has 3 current directors:
- Chinni Kumarilakshmi Gadu - Managing Director
- Appalanaidu Gadu - Managing Director
- Srikanth Garimella - Director
The latest financial statements of Ganco Energy (India) on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Ganco Energy (India) is 37AAFCG8316H1ZH, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Ganco Energy (India) is U40106AP2014PTC095862. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ganco Energy (India) has 3 court cases on record: 3 filed against it.
Ganco Energy (India) was incorporated on 18 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Vijayawada.
The peers of Ganco Energy (India) by revenue are Akr Construction (Solar) Private Limited, Aditya Birla Renewables Utkal Limited, Bhagyanagar Green Energy Private Limited, Azure Power Mercury Private Limited, Earth Solar Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Patitapaban Patra ceased to be Additional Director on 14 Aug 2023. Srikanth Garimella ceased to be Additional Director on 30 Sep 2019. Gadu Vishnu Murthy ceased to be Whole-Time Director on 31 Aug 2019. Ganco Energy (India) has 9 board changes on record in total.
Ganco Energy (India) can be reached through the website gancoenergy.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The registered office of Ganco Energy (India) is at 12 – 21 – 432 Kaligotla Vari Street Chinnabazar Bheemunipatnam, Visakhapatnam, Andhra Pradesh, India – 531163.
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