About Hindustan Power Exchange Limited
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Hindustan Power Exchange Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Bse Investments Limited. It operates in the power trading and energy markets segment of the energy and power sector. It was incorporated on 24 April 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PLC308448. Its GSTIN is 27AAJCP8333P1ZN (Maharashtra). The company holds 38 GST registrations, all of them active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹55.25 Cr. It was formerly known as Pranurja Solutions Limited. It is led by directors including Harish Saran (Managing Director) and Niraj Nabh Kumar.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 25th Floor P. J. Towers Dalal Street Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2026, the company reported a revenue of ₹47.65 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹4.6 Cr (net margin 9.7%) and EBITDA of ₹9.66 Cr (EBITDA margin 20.3%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 90% over five years.
The company has about 69 employees on its provident fund (EPFO) records.
The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹29.75 Cr; the latest was in February 2022. The company has 2 MSME Form 1 returns on record between 2022 and 2024, listing 2 overdue payments to 2 micro and small suppliers.
For more details, the company can be reached via its website pranurja.com.
Company details
Contact details
Hindustan Power Exchange Limited's registered office is in Mumbai, Maharashtra. Its website is pranurja.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address25th Floor P. J. Towers Dalal Street Fort, Mumbai, Maharashtra, India – 400001
- IndustryEnergy and Power, Power Trading & Energy Markets
To see the full contact details of Hindustan Power Exchange 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 Hindustan Power Exchange is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Hindustan Power Exchange Limited, buy the company report.
Financials of Hindustan Power Exchange Limited
FY 2026 filings availableHindustan Power Exchange Limited reported revenue of ₹47.65 Cr (up 17% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 90% over five years, including 17% growth in the latest year. EBITDA rose 24% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹47.65 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.6 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.3% | ||||
| Net Profit Margin | 9.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Hindustan Power Exchange Limited, buy the company report.
Board of directors of Hindustan Power Exchange Limited
Hindustan Power Exchange has 6 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Goel Also directs: BSE Investments Limited, Ebix Insurance Broking Private Limited, Indian Clearing Corporation Limited and 5 more | Nominee Director | 29 Sep 2023 | 3 Years 1 Months | Current |
| Niraj Nabh Kumar Also directs: Ganesh Benzoplast Limited, Green Infrathink Foundation | Director | 22 Jan 2021 | 5 Years 9 Months | Current |
| Harish Saran | Managing Director | 09 Jun 2025 | 1 Years 5 Months | Current |
| Sreekant Kandikuppa | Director | 09 Apr 2025 | 1 Years 7 Months | Current |
| Bikram Singh Guram | Nominee Director | 11 Jun 2025 | 1 Years 5 Months | Current |
| Sunil Kumar Rathi | Additional Director | 18 Mar 2026 | 0 Years 7 Months | Current |
Auditor
Hindustan Power Exchange Limited is audited by DMKH & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DMKH & CO. | FY 2026 | 116886W |
Shareholding
The shareholding of Hindustan Power Exchange Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hindustan Power Exchange Limited, buy the company report.
Deals & funding
Hindustan Power Exchange Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹29.75 Cr; the latest was in February 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: H K Shah and Sons Private Limited Seller: H V Impex Private Limited |
| Sep 2020 | Funding round | ₹29.75 Cr | Investors: Greenko Energies Private Limited , Lebnitze Real Estates Private Limited , H V Impex Private Limited |
| May 2019 | Rights issue | ₹25.49 Cr | Investors: PTC India Limited , BSE Investments Limited , Icici Bank Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Hindustan Power Exchange Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Hindustan Power Exchange Limited has 2 MSME Form 1 returns on record between 2022 and 2024, 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 |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Hindustan Power Exchange Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Hindustan Power Exchange Limited has a workforce of 69 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 69 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Hindustan Power Exchange Limited, buy the company report.
GST
Hindustan Power Exchange has 38 GST registrations: 38 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCP8333P1ZN | Maharashtra | Active | 31 Dec 2018 |
| 27AAJCP8333P1CY | Maharashtra | Active | 28 Sep 2022 |
| 09AAJCP8333P1ZL | Uttar Pradesh | Active | 02 Feb 2022 |
| 09AAJCP8333P1CW | Uttar Pradesh | Active | 02 Sep 2022 |
To see the full GST registrations and return filing status of Hindustan Power Exchange Limited, buy the company report.
Recent activity
Hindustan Power Exchange Limited has 23 board changes on record since 2019: 8 appointments and 15 cessations. The latest: Sunil Kumar Rathi was appointed as Additional Director on 18 Mar 2026.
14 earlier events are in the company report.
Frequently asked questions
Hindustan Power Exchange is an active public limited company based in Mumbai, Maharashtra, India. The company works in power trading and energy markets, within the energy and power industry. It was incorporated on 24 April 2018 (8+ years old) and is registered under CIN U74999MH2018PLC308448.
Hindustan Power Exchange has 6 current directors:
- Harish Saran - Managing Director
- Deepak Goel - Nominee Director
- Niraj Nabh Kumar - Director
- Sreekant Kandikuppa - Director
- Bikram Singh Guram - Nominee Director
- Sunil Kumar Rathi - Additional Director
The latest financial statements of Hindustan Power Exchange on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Hindustan Power Exchange is 27AAJCP8333P1ZN, registered in Maharashtra. The company has 38 GST registrations in all, of which 38 are active. Other active GSTINs include 27AAJCP8333P1CY (Maharashtra), 09AAJCP8333P1ZL (Uttar Pradesh), 09AAJCP8333P1CW (Uttar Pradesh).
The CIN (Corporate Identification Number) of Hindustan Power Exchange is U74999MH2018PLC308448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hindustan Power Exchange was incorporated on 24 April 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Hindustan Power Exchange has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹29.75 Cr; the latest was in February 2022.
Sunil Kumar Rathi was appointed as Additional Director on 18 Mar 2026. Bikram Singh Guram ceased to be Additional Director on 28 Sep 2025. Sreekant Kandikuppa ceased to be Additional Director on 28 Sep 2025. Hindustan Power Exchange has 23 board changes on record in total.
Hindustan Power Exchange has 2 MSME Form 1 returns on record between 2022 and 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 16 Apr 2024.
Hindustan Power Exchange can be reached through the website pranurja.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Hindustan Power Exchange is at 25th Floor P. J. Towers Dalal Street Fort, Mumbai, Maharashtra, India – 400001.
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