MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0071201
Gi Power Corporation Limited - environment in Jammu, Jammu And Kashmir, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.89 Cr
▼ 25% YoY
Net profit · FY 2025
₹19.66 Lakh
Net margin 6.8%
EBITDA · FY 2025
₹15.39 Lakh
EBITDA margin 5.3%
Authorised capital
₹45 Cr
Registered with MCA
Paid-up capital
₹39.47 Cr
Issued & subscribed
Satisfied charges
₹100 Cr
No open charges
Company age
42 yrs
Est. 1984
Employees · EPFO
5
Provident fund records
About Gi Power Corporation Limited
Data last updated:
Gi Power Corporation Limited is a public limited company based in Jammu, Jammu And Kashmir, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 23 October 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Jammu, under CIN U40101JK1984PLC000720. Its GSTIN is 23AABCG5354K1ZN (Madhya Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹39.47 Cr. It was formerly known as Goetze India Financial Services Ltd and Valley Finance and Investments Pvt Ltd. It is led by directors including Mansi Dharmen Mehta (Whole-Time Director) and Akshay Vishnu Jalan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Hn No. 53 Lane No. 5 Near Bral Food, Govind Lane Preet Nagar Jammu, Jammu and Kashmir, India – 180010.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.89 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹19.66 Lakh (net margin 6.8%) and EBITDA of ₹15.39 Lakh (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 15% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹100 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in September 2006. Its 7 peer companies in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Perpetual Power Private Limited with revenue of ₹3.03 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers.
Gi Power Corporation Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0071201). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gipower.co.in.
Company details
CIN U40101JK1984PLC000720
Registration Number 000720
Incorporation Date 23 October 1984
ROC Jammu
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0071201
Name history
Gi Power Corporation has undergone 2 name changes throughout its history. The company was previously known as Goetze India Financial Services Ltd, and Valley Finance And Investments Pvt Ltd. The current legal name is Gi Power Corporation Limited.
| Company Name | Status |
|---|---|
| Gi Power Corporation Limited | Current |
| Goetze India Financial Services Ltd | Previous |
| Valley Finance And Investments Pvt Ltd | Previous |
Key People
Mansi Dharmen Mehta Whole-Time Director Akshay Vishnu Jalan Director Bharat Bakshi Bhusan Director Recognitions & Rankings of Gi Power Corporation
Contact details
Gi Power Corporation Limited's registered office is in Jammu, Jammu And Kashmir. Its website is gipower.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHn No. 53 Lane No. 5 Near Bral Food, Govind Lane Preet Nagar Jammu, Jammu and Kashmir, India – 180010
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Gi Power Corporation Limited, buy the company report.
Comprehensive company report
Gi Power Corporation Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Gi Power Corporation 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 Gi Power Corporation Limited, buy the company report.
Financials of Gi Power Corporation Limited
FY 2024 filings availableGi Power Corporation Limited reported revenue of ₹2.89 Cr (down 25% YoY) for FY 2025.
Revenue · FY 2025
₹2.89 Cr ▼ 25%
Net profit · FY 2025
₹19.66 Lakh margin 6.8%
EBITDA · FY 2025
₹15.39 Lakh margin 5.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 25%
3 years · compounded
▲ 3%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▼ 53%
5 years · compounded
▲ 32%
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 48% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.39 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.66 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | ||||
| Net Profit Margin | 6.8% | ||||
| 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 Gi Power Corporation Limited, buy the company report.
Board of directors of Gi Power Corporation Limited
Gi Power Corporation has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mansi Dharmen Mehta Also directs: Dewas Wind Energy Private Limited, Indistock Financial Services Private Limited, Sterling Investments (India) Limited and 1 more | Whole-Time Director | 07 Sep 2021 | 5 Years 1 Months | Current |
| Akshay Vishnu Jalan Also directs: Maja Solutions LLP, Avanti Landbase Private Limited., Eleganza Furnishings Private Limited and 2 more | Director | 31 Mar 2024 | 2 Years 6 Months | Current |
| Bharat Bakshi Bhusan | Director | 16 Apr 2019 | 7 Years 6 Months | Current |
| Dharmen Dhiren Mehta Also directs: Dewas Wind Energy Private Limited, Indistock Financial Services Private Limited, Sterling Investments (India) Limited and 3 more | Director | 12 May 2017 | 9 Years 5 Months | Current |
Peer comparison
Gi Power Corporation Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (Wind 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 |
|---|---|---|---|---|---|---|
| Perpetual Power Private Limited | ₹3.03 Cr (FY 2025) | 16.0% | Chennai, Tamil Nadu, India | |||
| Wind World Wind Farms (Temdarai) Private Limited | ₹3.01 Cr (FY 2025) | -54.0% | Daman, Daman and Diu, India | |||
| Vma Wind Energy India Private Limited | ₹2.96 Cr (FY 2024) | -1.0% | Erode, Tamil Nadu, India | |||
| Gi Power Corporation Limitedthis company | ₹2.89 Cr (FY 2025) | ₹19.66 Lakh | 6.8% | -25.0% | 5 | Jammu, Jammu And Kashmir, India |
| New Vision Wind Power Private Limited | ₹2.89 Cr (FY 2025) | -15.0% | Coimbatore, Tamil Nadu, India | |||
| VBM Power and Infrastructure Private Limited | ₹2.87 Cr (FY 2025) | 15.0% | Hyderabad, Telangana, India | |||
| KMS Green Energy India Private Limited | ₹2.81 Cr (FY 2024) | 29.0% | Erode, Tamil Nadu, India | |||
| East India Minerals Ltd. | ₹2.8 Cr (FY 2025) | -44.0% | Barbil, Odisha, India |
To see the full peer comparison of Gi Power Corporation Limited, buy the company report.
Auditor
Gi Power Corporation Limited is audited by RONAK JAIN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RONAK JAIN & ASSOCIATES | FY 2023 | 136975W |
Shareholding
The shareholding of Gi Power Corporation Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gi Power Corporation Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹100 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Aug 2018 | 100199080 | Others | ₹1.3 Cr | Satisfied | |
| 09 Feb 2011 | 10267329 | Yes Bank Limited | ₹27 Cr | Satisfied | |
| 09 Aug 2010 | 10234142 | The Saraswat Co-Operative Bank Limited | ₹20 Cr | Satisfied | |
| 17 Dec 2004 | 90323913 | Indian Renewable Energy Development Agency Ltd | ₹26.3 Cr | Satisfied | |
| 16 Jul 1999 | 90323748 | Indian Renewable Energy Development Agency Ltd | ₹13.2 Cr | Satisfied |
To see the full charge records of Gi Power Corporation Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Gi Power Corporation Limited has 1 deal on record (1 acquisition); the latest was in September 2006.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2006 | Acquisition | ₹64.57 Cr | Buyer: Treasury Holdings Group |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gi Power Corporation Limited has 6 court cases on record: 4 filed by Gi Power Corporation, 2 filed against it. 1 case is pending and 5 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
1
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 2 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by The State of Karnataka | Pending |
| High Court of Jammu and Kashmir and Ladakh | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax,Jammu | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against The State of Karnataka Rep by Its PRL Secretary | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka Rep by Its PRL Secy | Disposed |
To see the full case history of Gi Power Corporation 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
Gi Power Corporation Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| STRG and Associates | |||
| General Carbon Advisory Services Private Limited |
To see the full MSME payment records of Gi Power Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Gi Power Corporation Limited has a workforce of 5 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
150%
GST
Gi Power Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCG5354K1ZN | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gi Power Corporation Limited, buy the company report.
Recent activity
Gi Power Corporation Limited has 24 board changes on record since 2007: 4 appointments and 20 cessations. The latest: Akshay Vishnu Jalan ceased to be Additional Director on 29 Sep 2024.
AGM
Gi Power Corporation Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Akshay Vishnu Jalan ceased to be Additional Director.
Filing
Gi Power Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jammu.
Appointed
Akshay Vishnu Jalan was appointed as Director.
Ceased
Mansi Dharmen Mehta ceased to be Additional Director.
Charges
A charge registered on 13 Aug 2018 via Charge ID 100199080 with Others was fully satisfied on 22 Oct 2021.
Appointed
Mansi Dharmen Mehta was appointed as Whole-Time Director.
Ceased
Bharat Bakshi Bhusan ceased to be Additional Director.
Ceased
Bhaskar Pratap Raju ceased to be Additional Director.
Ceased
Sweta Shrenik Jain ceased to be Company Secretary.
Appointed
Bharat Bakshi Bhusan was appointed as Director.
Ceased
Abhimanyu Kashyap ceased to be Director.
30 earlier events are in the company report.
Frequently asked questions
Gi Power Corporation is an active public limited company based in Jammu, Jammu And Kashmir, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 23 October 1984 (42+ years old) and is registered under CIN U40101JK1984PLC000720.
Gi Power Corporation has 4 current directors:
- Mansi Dharmen Mehta - Whole-Time Director
- Akshay Vishnu Jalan - Director
- Bharat Bakshi Bhusan - Director
- Dharmen Dhiren Mehta - Director
The latest financial statements of Gi Power Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Gi Power Corporation is 23AABCG5354K1ZN, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Gi Power Corporation is U40101JK1984PLC000720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gi Power Corporation has 6 court cases on record: 4 filed by the company and 2 filed against it. 1 is pending.
Gi Power Corporation was incorporated on 23 October 1984, making it 42+ years old. It is registered with the Registrar of Companies, Jammu.
Gi Power Corporation has 1 deal on record (1 acquisition); the latest was in September 2006.
The peers of Gi Power Corporation by revenue are Perpetual Power Private Limited, Wind World Wind Farms (Temdarai) Private Limited, Vma Wind Energy India Private Limited, New Vision Wind Power Private Limited, VBM Power and Infrastructure Private Limited and 2 more, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Akshay Vishnu Jalan ceased to be Additional Director on 29 Sep 2024. Akshay Vishnu Jalan was appointed as Director on 31 Mar 2024. Mansi Dharmen Mehta ceased to be Additional Director on 30 Nov 2021. Gi Power Corporation has 24 board changes on record in total.
Yes, Gi Power Corporation is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0071201).
Gi Power Corporation has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 08 Jun 2019.