H2e Power Systems Private Limited - Company Profile

It is a environment private limited company based in Pune, Maharashtra, India, established in 2011.

2011 Pune, Maharashtra, India Active

Last Updated: January 11, 2026

About H2e Power Systems Private Limited

H2e Power Systems Private Limited, a active private limited company, was established on 26 September 2011 in Pune, Maharashtra, India. Engaging in clean energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: U40108PN2011PTC140874. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹74.80 Cr and a paid-up capital of ₹73.74 Cr.

Formerly known as Mayur Watt Fuel Cell Private Limited. It upholds a compliant status. Employing 22 professional, Its leadership includes Amarnath Ashok Chakradeo (Whole-Time Director), Muralidharan Krishna Poduval (Director), Michael Ciril Vernekar (Director). Past directors included Amarnath Ashok Chakradeo, Muralidharan Krishna Poduval, Michael Ciril Vernekar. It holds ₹6.15 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 20, Sangam Project Phase Ii & Iii, Wellesely Road, Nr. Rto Office,, Pune, Maharashtra, 411001.

Company Details

CIN/LLPIN
U40108PN2011PTC140874
Registration Number
140874
Incorporation Date
26 September 2011
Authorized Capital
₹74.80 Cr
Paid-Up Capital
₹73.74 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 74.80 Cr as on 11-01-2026
Paid Up Capital ₹ 73.74 Cr as on 11-01-2026
Company Age 14 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 6.15 Cr as on 11-01-2026
Revenue Growth **** 326.62% (FY 2022)
Profit Growth **** -272.90% (FY 2022)
Ebitda **** 84.55% (FY 2022)
Net Worth 144.11% (FY 2022)
Total Assets **** 120.95% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into H2e Power Systems Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at H2e Power Systems Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Amarnath Ashok Chakradeo	Whole-Time Director	01 Sep 2016	Current
Muralidharan Krishna Poduval	Director	10 Jan 2020	Current
Michael Ciril Vernekar	Director	20 Dec 2019	Current
Siddharth Rajendra Mayur	Managing Director	26 Sep 2011	Current
Saurabh Lakshman Prabhudesai	Director	20 Dec 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	30 Sep 2016	Past
Pramod Abcsdd	Additional Director	31 Dec 2020	Past
Pramod Abcsdd	Additional Director	31 Dec 2020	Past
Pramod Abcsdd	Additional Director	04 Dec 2019	Past
Pramod Abcsdd	Director	20 Dec 2019	Past
Pramod Abcsdd	Director	20 Dec 2019	Past

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Financial Performance of H2E Power Systems.

H2E Power Systems Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 326.62% increase. The company also saw a substantial fall in profitability, with a 272.9% decrease in profit. The company's net worth Soared by an impressive increase of 144.11%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

326.62%

*******

Revenue from Operations

*******

361.02%

*******

Total Assets

*******

120.95%

*******

Profit or Loss

*******

-272.90%

*******

Net Worth

*******

144.11%

*******

EBITDA

*******

84.55%

*******

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What is the Ownership and Shareholding Structure of H2E Power Systems?

In 2023, H2E Power Systems had a promoter holding of 51.00% and a public holding of 49.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹61,500,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 4.50 Cr
The Hongkong And Shanghai Banking Corporation Limited : 1.65 Cr

Latest Charge Details

Date	Lender	Amount	Status
26 Feb 2024	The Hongkong And Shanghai Banking Corporation Limited	₹7.50 M	Open
07 Jun 2023	The Hongkong And Shanghai Banking Corporation Limited	₹2.50 M	Open
23 Mar 2023	The Hongkong And Shanghai Banking Corporation Limited	₹6.50 M	Open
13 Sep 2021	Others	₹4.50 Cr	Open

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How Many Employees Work at H2E Power Systems?

H2E Power Systems has a workforce of 22 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of H2E Power Systems, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped H2E Power Systems's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on H2E Power Systems

Recent Activity within the Organization

Annual General Meeting

H2E Power Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was recorded as a recent event.
30 Sep 2025
Balance Sheet

Progress on H2E Power Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune. was documented.
31 Mar 2025
Charges

The activity A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.75 Cr with Charge ID 100884862 was registered on 26 Feb 2024. was completed.
26 Feb 2024
Charges

A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.25 Cr with Charge ID 100736960 was registered on 07 Jun 2023. was recorded as a recent event.
07 Jun 2023
Charges

The activity A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 0.65 Cr with Charge ID 100703735 was registered on 23 Mar 2023. was completed.
23 Mar 2023
Charges

A charge with Others amounted to Rs. 4.50 Cr with Charge ID 100485898 was registered on 13 Sep 2021. was recorded as a recent event.
13 Sep 2021

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