About Hiranmaye Energy Limited
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Hiranmaye Energy Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of India Power Corporation Limited. 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 thermal power generation and plants segment of the energy and power sector. It was incorporated on 28 April 2008.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U40105WB2008PLC125220. Its GSTIN is 19AABCI9477P1ZK (West Bengal).
The company has an authorised share capital of ₹1,020 Cr and a paid-up capital of ₹511.82 Cr. It was formerly known as India Power Corporation (Haldia) Limited. It is led by directors including Tarun Kumar Mukhopadhyay (Whole-Time Director) and Bhuvan Madan (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Plot X 1 2&3 2nd Floor Block – Ep Sector – V, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2025, the company reported a revenue of ₹933.15 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹19.41 Cr (net margin 2.1%) and EBITDA of ₹238.46 Cr (EBITDA margin 25.6%). Revenue has grown at a compounded annual rate (CAGR) of 461% over five years.
The company has about 190 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2,430.97 Cr and satisfied charges of ₹720 Cr on record. Court records list 83 cases involving the company, including 35 filed by the company and 54 filed against it; 14 cases are pending. The company has 7 deals on record (3 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹491.48 Cr; the latest was in April 2016. Its 6 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is Bajaj Energy Private Limited with revenue of ₹1,201.53 Cr.
The last known website on record is hiranmayeenergy.com.
Company details
Contact details
Hiranmaye Energy Limited's registered office is in Kolkata, West Bengal. Its website is hiranmayeenergy.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot X 1 2&3 2nd Floor Block – Ep Sector – V, Kolkata, West Bengal, India – 700091
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Hiranmaye Energy 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 Hiranmaye Energy 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 |
Financials of Hiranmaye Energy Limited
FY 2020 filings availableHiranmaye Energy Limited reported revenue of ₹933.15 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 461% over five years, including 2% growth in the latest year. EBITDA rose 128% 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 |
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| EBITDA | ₹238.46 Cr | ||||
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| Net Profit (PAT) | ₹19.41 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 25.6% | ||||
| Net Profit Margin | 2.1% | ||||
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To see the full financial statements and ratios of Hiranmaye Energy Limited, buy the company report.
Board of directors of Hiranmaye Energy Limited
Hiranmaye Energy has 7 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Barnali Biswas | Additional Director | 21 Nov 2023 | 2 Years 11 Months | As last reported |
| Tarun Kumar Mukhopadhyay | Whole-Time Director | 17 Oct 2023 | 3 Years 0 Months | As last reported |
| Sutanu Prosad Kar | Additional Director | 20 Sep 2023 | 3 Years 1 Months | As last reported |
| Bhuvan Madan Also directs: Jaypee Healthcare Limited | Irp/Rp/Liquidator | 13 Mar 2024 | 2 Years 7 Months | As last reported |
| Kuldeep Rai Also directs: Ajmer Vidyut Vitran Nigam Limited | Nominee Director | 18 Feb 2021 | 5 Years 8 Months | As last reported |
| Jyoti Kumar Poddar Also directs: Croza Energy Consultants LLP, Tarang Solar Energy LLP, Innovel Energy Services Private Limited and 2 more | Director | 28 Apr 2008 | 18 Years 6 Months | As last reported |
Peer comparison
Hiranmaye Energy Limited is compared with the 6 companies closest to it by revenue in the Power industry (Thermal Power Plants), 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 |
|---|---|---|---|---|---|---|
| Bajaj Energy Private Limited | ₹1,201.53 Cr (FY 2025) | -1.0% | Lakhimpur, Uttar Pradesh, India | |||
| JSW Energy (Utkal) Limited | ₹1,099.92 Cr (FY 2025) | 747.0% | Hyderabad, Telangana, India | |||
| SKS Power Generation (Chhattisgarh) Limited | ₹985.6 Cr (FY 2020) | 89.0% | Mumbai, Maharashtra, India | |||
| Hiranmaye Energy Limitedthis company | ₹933.15 Cr (FY 2025) | ₹19.41 Cr | 2.1% | 2.0% | 190 | Kolkata, West Bengal, India |
| Bokaro Power Supply Company Private Limited | ₹875.62 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Taqa Neyveli Power Company Private Limited | ₹840.56 Cr (FY 2025) | -4.0% | Cuddalore Tn, Tamil Nadu, India | |||
| India Power Corporation Limited | ₹731.64 Cr (FY 2025) | 8.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Hiranmaye Energy Limited, buy the company report.
Auditor
Hiranmaye Energy Limited is audited by R KOTHARI & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R KOTHARI & CO | FY 2020 | 307069E |
Shareholding
The shareholding of Hiranmaye Energy Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hiranmaye Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2020 | 100368323 | Others | ₹125 Cr | Open | |
| 05 Jul 2013 | 10437232 | Rural Electrification Corporation Limited | ₹2,305.97 Cr | Open | |
| 11 Sep 2018 | 100202435 | Others | ₹125 Cr | Satisfied | |
| 03 Feb 2017 | 100085134 | Others | ₹70 Cr | Satisfied | |
| 29 Dec 2012 | 10396952 | Axis Bank Limited | ₹150 Cr | Satisfied |
To see the full charge records of Hiranmaye Energy Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Hiranmaye Energy Limited has 7 deals on record (3 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹491.48 Cr; the latest was in April 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: Power Trust Seller: India Power Corporation Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Power Trust Seller: India Power Corporation Limited |
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: Power Trust Seller: India Power Corporation Limited |
| Mar 2011 | Acquisition | Undisclosed | Buyer: India Power Corporation Limited Seller: Orbis Power Venture Private Limited |
| Mar 2010 | Funding round | ₹1.02 Cr | Investors: Orbis Power Venture Private Limited , Bhaskar Silicon Private Limited |
To see the full deal history of Hiranmaye Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hiranmaye Energy Limited has 83 court cases on record: 35 filed by Hiranmaye Energy, 54 filed against it. 14 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 40 | 22 | 9 |
| District courts | 16 | 9 | 3 |
| NCLAT | 15 | 14 | 1 |
| Supreme Court | 6 | 3 | 1 |
| NCLT | 6 | 6 | 0 |
Cases on record (5 of 83)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Committee of Creditors of Hiranmaye Energy Ltd. ;Through Rec Limited; | Pending |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against Power Trust ;Promoter of Hiranmaye Energy Ltd.; & Anr. | Pending |
| High Court, West Bengal | Court case (EC) | Filed against the company by Bharat Heavy Electricals Ltd | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against M/S Scorpio Engineering Private Limited Through Its Authorised Representative Balan Velan 132, Wheeler Road, Cox Tower, ,Bangalore , Karnataka and 1 other | Pending |
| High Court, West Bengal | Arbitration matter | Filed against the company by M/S India Coke and Power Pvt Ltd | Pending |
To see the full case history of Hiranmaye Energy 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 Hiranmaye Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hiranmaye Energy Limited has a workforce of 190 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Hiranmaye Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCI9477P1ZK | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hiranmaye Energy Limited, buy the company report.
Recent activity
Hiranmaye Energy Limited has 24 board changes on record since 2008: 7 appointments and 17 cessations. The latest: Bhuvan Madan was appointed as Irp/Rp/Liquidator on 13 Mar 2024.
33 earlier events are in the company report.
Frequently asked questions
Hiranmaye Energy 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.
Hiranmaye Energy is a company under insolvency, formerly operating as a public limited company based in Kolkata, West Bengal, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 28 April 2008 and is registered under CIN U40105WB2008PLC125220. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Hiranmaye Energy has 7 current directors:
- Tarun Kumar Mukhopadhyay - Whole-Time Director
- Barnali Biswas - Additional Director
- Sutanu Prosad Kar - Additional Director
- Kuldeep Rai - Nominee Director
- Jyoti Kumar Poddar - Director
- Tapan Kanti Ganguli - Additional Director
- Bhuvan Madan - Irp/Rp/Liquidator
The latest financial statements of Hiranmaye Energy on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Hiranmaye Energy is U40105WB2008PLC125220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiranmaye Energy has open charges of ₹2,430.97 Cr and satisfied charges of ₹720 Cr as per latest MCA filings.
Hiranmaye Energy has 83 court cases on record: 35 filed by the company and 54 filed against it. 14 are pending. Most are in the high courts.
Hiranmaye Energy was incorporated on 28 April 2008. It is registered with the Registrar of Companies, Kolkata.
Hiranmaye Energy has 7 deals on record (3 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹491.48 Cr; the latest was in April 2016.
The peers of Hiranmaye Energy by revenue are Bajaj Energy Private Limited, JSW Energy (Utkal) Limited, SKS Power Generation (Chhattisgarh) Limited, Bokaro Power Supply Company Private Limited, Taqa Neyveli Power Company Private Limited and 1 more, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Bhuvan Madan was appointed as Irp/Rp/Liquidator on 13 Mar 2024. Barnali Biswas was appointed as Additional Director on 21 Nov 2023. Tarun Kumar Mukhopadhyay was appointed as Whole-Time Director on 17 Oct 2023. Hiranmaye Energy has 24 board changes on record in total.
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