Hower Energy Private Limited
About Hower Energy Private Limited
Data last updated:
Hower Energy Private Limited is a private limited company based in Tirunelveli, Tamil Nadu, India. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 30 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29261TN2015PTC099855. Its GSTIN is 33AADCH5879A1ZQ (Tamil Nadu).
The company has an authorised share capital of ₹12 Lakh and a paid-up capital of ₹12 Lakh. It is led by directors Madasamy Sankaranarayanan and Amutha.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at G – 2 Taleco Building Plot No:27 Door No:48H/11 Vasantha Nagar, Tirunelveli, Tamil Nadu, India – 627005.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.24 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹1.19 Lakh (net margin 1%) and EBITDA of ₹1.19 Lakh (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 163% over three years.
As per MCA filings, the company has open charges of ₹30 Lakh on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Hower Energy Private Limited's registered office is in Tirunelveli, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressG – 2 Taleco Building Plot No:27 Door No:48H/11 Vasantha Nagar, Tirunelveli, Tamil Nadu, India – 627005
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Hower Energy Private 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 Hower Energy is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Hower Energy Private Limited, buy the company report.
Financials of Hower Energy Private Limited
FY 2019 filings availableHower Energy Private Limited reported revenue of ₹1.24 Cr (up 70% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 163% over three years, including 70% growth in the latest year. EBITDA rose 60% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1.24 Cr | ||||
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| EBITDA | ₹1.19 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.19 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Hower Energy Private Limited, buy the company report.
Board of directors of Hower Energy Private Limited
Hower Energy has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madasamy Sankaranarayanan | Director | 21 Jan 2019 | 7 Years 9 Months | Current |
| Amutha | Director | 30 Mar 2015 | 11 Years 6 Months | Current |
Peer comparison
Hower Energy Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apo Agri Solutions Private Limited | ₹1.25 Cr (FY 2025) | 3.0% | Bhopal, Madhya Pradesh, India | |||
| Biorev Enviro Private Limited | ₹1.24 Cr (FY 2020) | 4.0% | Kolkata, West Bengal, India | |||
| Hower Energy Private Limitedthis company | ₹1.24 Cr (FY 2019) | ₹1.19 Lakh | 1% | 70.0% | Tirunelveli, Tamil Nadu, India | |
| Toolbuy Ecom Private Limited | ₹1.23 Cr (FY 2025) | -26.0% | Vasai, Maharashtra, India |
To see the full peer comparison of Hower Energy Private Limited, buy the company report.
Auditor
Hower Energy Private Limited is audited by R RAGHUNATHAN & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R RAGHUNATHAN & CO | FY 2019 | 012178S |
Shareholding
The shareholding of Hower Energy Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Hower Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2019 | 100344204 | City Union Bank Limited | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Hower Energy Private 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
No delayed payments to MSME suppliers are on our record for Hower Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hower Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCH5879A1ZQ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hower Energy Private Limited, buy the company report.
Recent activity
Hower Energy Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Madasamy Sankaranarayanan was appointed as Director on 21 Jan 2019.
Frequently asked questions
Hower Energy is an active private limited company based in Tirunelveli, Tamil Nadu, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 30 March 2015 (11+ years old) and is registered under CIN U29261TN2015PTC099855.
Hower Energy has 2 current directors:
- Madasamy Sankaranarayanan - Director
- Amutha - Director
The latest financial statements of Hower Energy on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Hower Energy is 33AADCH5879A1ZQ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Hower Energy is U29261TN2015PTC099855. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hower Energy was incorporated on 30 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Hower Energy by revenue are Apo Agri Solutions Private Limited, Biorev Enviro Private Limited, Toolbuy Ecom Private Limited, all in the Machinery and Equipment industry (Machinery and Equipment Retail and Distribution), with the same principal business activity (retail trading).
Madasamy Sankaranarayanan was appointed as Director on 21 Jan 2019. Sankari ceased to be Director on 21 Jan 2019. Sathyamoorthy Punithavathy ceased to be Director on 05 Jun 2017. Hower Energy has 5 board changes on record in total.
The registered office of Hower Energy is at G – 2 Taleco Building Plot No:27 Door No:48H11 Vasantha Nagar, Tirunelveli, Tamil Nadu, India – 627005.
Hower Energy operates in the machinery and equipment industry, in the industrial machinery retail and distribution segment.
Hower Energy has open charges of ₹30 Lakh and no satisfied charges on record as per latest MCA filings.