G.E.T. Power Limited
About G.E.T. Power Limited
Data last updated:
G.E.T. Power Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 09 September 1987.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U33111TN1987PLC014842. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹56.25 Cr and a paid-up capital of ₹6.36 Cr. It was formerly known as G E T Engineering Constructions Private Limited and G.E.T. Power Private Limited. It is led by directors including Amul Gabrani and Ajay Kumar Bishnoi.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at 11 – A17 5th Cross Road Sipcot IT Park Siruseri, Chennai, Tamil Nadu, India – 603103.
As per the financials filed for FY 2015, the company reported a revenue of ₹34.23 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹336.89 Cr and EBITDA of -₹181.86 Cr.
As per MCA filings, the company has open charges of ₹1,595.43 Cr and satisfied charges of ₹538.55 Cr on record. Court records list 143 cases involving the company, including 42 filed by the company and 101 filed against it; 18 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹115.95 Cr; the latest was in February 2011.
Company details
Name history
G.E.T. Power has undergone 2 name changes throughout its history. The company was previously known as G E T Engineering Constructions Private Limited, and G.E.T. Power Private Limited. The current legal name is G.E.T. Power Limited.
| Company Name | Status |
|---|---|
| G.E.T. Power Limited | Current |
| G E T Engineering Constructions Private Limited | Previous |
| G.E.T. Power Private Limited | Previous |
CIN history
G.E.T. Power has one previous CIN (Corporate Identification Number): U33111TN1987PTC014842. The current CIN is U33111TN1987PLC014842, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33111TN1987PLC014842 | Current |
| U33111TN1987PTC014842 | Previous |
Contact details
G.E.T. Power Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address11 – A17 5th Cross Road Sipcot IT Park Siruseri, Chennai, Tamil Nadu, India – 603103
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of G.E.T. 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
Financials of G.E.T. Power Limited
FY 2016 filings availableG.E.T. Power Limited reported revenue of ₹34.23 Cr (down 75% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 75% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹34.23 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹181.86 Cr |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹336.89 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 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | |
| Net Profit Margin | |
| 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 G.E.T. Power Limited, buy the company report.
Board of directors of G.E.T. Power Limited
G.E.T. Power has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amul Gabrani | Director | 01 Jul 2011 | 15 Years 3 Months | As last reported |
| Ajay Kumar Bishnoi Also directs: Great Asian Institute of Management & Technology | Director | 01 Jul 2011 | 15 Years 3 Months | As last reported |
| Arunkumar Ganesan Also directs: Stopnot Energy Technologies Private Limited | Director | 02 Aug 2014 | 12 Years 2 Months | As last reported |
| Perintalmanna Venkatrama Krishnakumar Also directs: Fusion Fittings (I) Limited, Tecpro Stones Private Limited | Additional Director | 30 Mar 2016 | 10 Years 6 Months | As last reported |
| Rajendra Prasad Singh Also directs: Bajel Projects Limited, Jyoti Structures Limited | Additional Director | 25 Feb 2014 | 12 Years 7 Months | As last reported |
Auditor
G.E.T. Power Limited is audited by C S HARIHARAN & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C S HARIHARAN & CO | FY 2015 | 001086S |
Shareholding
The shareholding of G.E.T. Power Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of G.E.T. Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Mar 2013 | 10408190 | The Tamil Nadu Industrial Investment Corporation Limited | ₹10 Cr | Open | |
| 24 Aug 2012 | 10380845 | Dbs Bank Ltd. | ₹16.3 Cr | Open | |
| 31 Jul 2012 | 10376942 | Kotak Mahindra Prime Limited | ₹13.4 Lakh | Open | |
| 14 Jan 2011 | 10265555 | Others | ₹200 Cr | Open | |
| 23 Dec 2010 | 10263776 | Others | ₹60 Cr | Open |
To see the full charge records of G.E.T. Power Limited, buy the company report.
Total charge records: 30 View all charges
Deals & funding
G.E.T. Power Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹115.95 Cr; the latest was in February 2011.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2011 | Funding round | ₹49.95 Cr | Investors: Resurgence PE Investments, Abag Hi-Tech Education Limited , an individual |
| Jul 2008 | Funding round | ₹20 Cr | Investors: Resurgence PE Investments |
| Mar 2007 | Funding round | ₹31 Cr | Investors: Resurgence PE Investments |
| Feb 2007 | Funding round | ₹15 Cr | Investors: Resurgence PE Investments |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
G.E.T. Power Limited has 143 court cases on record: 42 filed by G.E.T. Power, 101 filed against it. 18 cases are pending and 125 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 72 | 62 | 14 |
| High courts | 66 | 35 | 4 |
| NCLT | 3 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 143)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Power Grid Corporation of India Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Century Extrusions Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed against the company by L. and T Infrastructure Finance Company Ltd Th.Mr. Rajesh Sahdeo Talwatkar | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Kei Industries Ltd | Pending |
| NCLT, Chennai | Insolvency matter | Filed against the company by Madhya Pradesh Poorv Kshetra Vidyut Vitaran Company Limited | Disposed |
To see the full case history of G.E.T. 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for G.E.T. Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
G.E.T. Power has 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
Employees & EPFO
G.E.T. Power Limited has 1 active EPFO establishment as of Mar 23, 2024.
GST
G.E.T. Power has 10 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 G.E.T. Power Limited, buy the company report.
Recent activity
G.E.T. Power Limited has 18 board changes on record since 2011: 5 appointments and 13 cessations. The latest: Perintalmanna Venkatrama Krishnakumar was appointed as Additional Director on 30 Mar 2016.
71 earlier events are in the company report.
Frequently asked questions
G.E.T. Power is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
G.E.T. Power is a company under insolvency, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 09 September 1987 and is registered under CIN U33111TN1987PLC014842. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
G.E.T. Power has 5 current directors:
- Amul Gabrani - Director
- Ajay Kumar Bishnoi - Director
- Arunkumar Ganesan - Director
- Perintalmanna Venkatrama Krishnakumar - Additional Director
- Rajendra Prasad Singh - Additional Director
The latest financial statements of G.E.T. Power on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of G.E.T. Power is U33111TN1987PLC014842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
G.E.T. Power has open charges of ₹1,595.43 Cr and satisfied charges of ₹538.55 Cr as per latest MCA filings.
G.E.T. Power has 143 court cases on record: 42 filed by the company and 101 filed against it. 18 are pending. Most are in the district courts.
G.E.T. Power was incorporated on 09 September 1987. It is registered with the Registrar of Companies, Chennai.
G.E.T. Power has 4 deals on record (4 funding rounds), with disclosed funding of ₹115.95 Cr; the latest was in February 2011.
Perintalmanna Venkatrama Krishnakumar was appointed as Additional Director on 30 Mar 2016. Jatinder Pal Singh ceased to be Director Appointed In Casual Vacancy on 19 Jan 2015. Rajendra Prasad Singh ceased to be Additional Director on 12 Aug 2014. G.E.T. Power has 18 board changes on record in total.