About Hpcl-Mittal Energy Limited
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Hpcl-Mittal Energy Limited is a public limited company based in Bathinda, Punjab, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 13 December 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U23201PB2000PLC024126. Its GSTIN is 03AABCG5231F1Z8 (Punjab). The company holds 12 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹10,000 Cr and a paid-up capital of ₹8,041.14 Cr. It was formerly known as Guru Gobind Singh Refineries Limited. It is led by directors including Prabh Das (Managing Director) and Jagjeet Singh Bindra.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village Phulokhari Talukatalwandi Saboo Bhatinda, Bathinda, Punjab, India – 151301.
As per the financials filed for FY 2026, the company reported a revenue of ₹95,447 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1,661.2 Cr (net margin 1.7%) and EBITDA of ₹6,789.9 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 13% over five years.
The company has about 2,016 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹41,465 Cr and satisfied charges of ₹57,444 Cr on record. Court records list 383 cases involving the company, including 250 filed by the company and 133 filed against it; 36 cases are pending. The company has 10 deals on record (5 funding rounds, 5 rights issues), with disclosed funding of ₹1,410.39 Cr; the latest was in November 2015. Its 7 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 3 larger and 4 smaller; the largest is Reliance Industries Limited with revenue of ₹9,98,114 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hmel.in.
Company details
CIN history
Hpcl-Mittal Energy has one previous CIN (Corporate Identification Number): U23201PB2000GOI024126. The current CIN is U23201PB2000PLC024126, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U23201PB2000PLC024126 | Current |
| U23201PB2000GOI024126 | Previous |
Contact details
Hpcl-Mittal Energy Limited's registered office is in Bathinda, Punjab. Its website is hmel.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVillage Phulokhari Talukatalwandi Saboo Bhatinda, Bathinda, Punjab, India – 151301
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Hpcl-Mittal 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 Hpcl-Mittal Energy is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Hpcl-Mittal Energy Limited, buy the company report.
Financials of Hpcl-Mittal Energy Limited
FY 2025 filings availableHpcl-Mittal Energy Limited reported revenue of ₹95,447 Cr (down 4% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 67% 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 |
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| EBITDA | ₹6,789.9 Cr | ||||
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| Net Profit (PAT) | ₹1,661.2 Cr | ||||
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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 | 7.1% | ||||
| Net Profit Margin | 1.7% | ||||
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To see the full financial statements and ratios of Hpcl-Mittal Energy Limited, buy the company report.
Board of directors and KMP of Hpcl-Mittal Energy Limited
Hpcl-Mittal Energy Limited currently reports 8 directors and 2 key managerial personnel. 36 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabh Das Also directs: Hmel Organics Private Limited, Hmel Green Energy Private Limited, Hmel Retail Private Limited and 1 more | Managing Director | 01 Apr 2011 | 15 Years 6 Months | Current |
| Jagjeet Singh Bindra | Director | 09 Jan 2018 | 8 Years 9 Months | Current |
| Rajan Tandon Also directs: Hpcl-Mittal Pipelines Limited | Director | 03 Jul 2009 | 17 Years 3 Months | Current |
| Sidhartha Tyagi Also directs: Hmel Organics Private Limited | Company Secretary | 29 Nov 2001 | 24 Years 10 Months | Current |
| Harak Chand Banthia | Cfo | 09 Sep 2014 | 12 Years 1 Months | Current |
| Manaswini Bhalla Also directs: Hpcl-Mittal Pipelines Limited | Director | 07 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Hpcl-Mittal Energy Limited is compared with the 7 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Industries Limited | ₹9,98,114 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Hindustan Petroleum Corporation Limited | ₹4,68,812 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Mangalore Refinery and Petrochemicals Limited | ₹1,09,431 Cr (FY 2025) | 4.0% | Mangalore, Karnataka, India | |||
| Hpcl-Mittal Energy Limitedthis company | ₹95,447 Cr (FY 2026) | ₹1,661.2 Cr | 1.7% | -4.0% | 2,016 | Bathinda, Punjab, India |
| Chennai Petroleum Corporation Limited | ₹71,075 Cr (FY 2025) | -10.0% | Chennai, Tamil Nadu, India | |||
| Bharat Oman Refineries Ltd | ₹35,488 Cr (FY 2021) | -16.0% | Bina, Madhya Pradesh, India | |||
| Numaligarh Refinery Ltd | ₹25,405 Cr (FY 2025) | 7.0% | Guwahati, Assam, India | |||
| Apar Industries Limited | ₹18,681 Cr (FY 2025) | 15.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Hpcl-Mittal Energy Limited, buy the company report.
Auditor
Hpcl-Mittal Energy Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Hpcl-Mittal Energy Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hpcl-Mittal Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2025 | 101086278 | Sbicap Trustee Company Limited | ₹1,285 Cr | Open | |
| 05 Feb 2024 | 100857874 | Sbicap Trustee Company Limited | ₹8,845 Cr | Open | |
| 27 Sep 2022 | 100611274 | Bank of India | ₹1,000 Cr | Open | |
| 13 Aug 2020 | 100361369 | Sbicap Trustee Company Limited | ₹1,000 Cr | Open | |
| 15 Jun 2020 | 100342724 | Sbicap Trustee Company Limited | ₹890 Cr | Open |
To see the full charge records of Hpcl-Mittal Energy Limited, buy the company report.
Total charge records: 50 View all charges
Deals & funding
Hpcl-Mittal Energy Limited has 10 deals on record (5 funding rounds, 5 rights issues), with disclosed funding of ₹1,410.39 Cr; the latest was in November 2015.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Rights issue | ₹499.68 Cr | Investors: Mittal Energy Investments Pte. Limited, Hindustan Petroleum Corporation Limited , HDFC Life Insurance Company Limited |
| Mar 2013 | Rights issue | ₹1,083.14 Cr | Investors: Hindustan Petroleum Corporation Limited , Mittal Energy Investments Pte. Limited, HDFC Life Insurance Company Limited |
| Jan 2013 | Funding round | ₹34.9 Cr | Investors: HDFC Life Insurance Company Limited |
| Apr 2012 | Rights issue | ₹1,434.48 Cr | Investors: Hindustan Petroleum Corporation Limited , Mittal Energy Investments Pte. Limited, Ifci Limited |
| Jan 2011 | Rights issue | ₹1,130 Cr | Investors: Hindustan Petroleum Corporation Limited , Mittal Energy Investments Pte. Limited, Ifci Limited |
To see the full deal history of Hpcl-Mittal 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
Hpcl-Mittal Energy Limited has 383 court cases on record: 250 filed by Hpcl-Mittal Energy, 133 filed against it. 36 cases are pending and 347 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 259 | 34 | 15 |
| District courts | 109 | 91 | 18 |
| Supreme Court | 15 | 8 | 3 |
Cases on record (5 of 383)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M/S BLR Logistiks (I) Ltd | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Hello Electronics Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Larsen and Toubro Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Artson Engineering Limited | Disposed |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against NSSL Private Limited | Disposed |
To see the full case history of Hpcl-Mittal 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.
Credit ratings & regulatory alerts
Hpcl-Mittal Energy Limited was last rated by Icra on 30 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Jul 2021 |
To see the full credit ratings and regulatory alerts of Hpcl-Mittal Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hpcl-Mittal Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Hpcl-Mittal Energy has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hpcl-Mittal Pipelines Limited | U60101PB2008PLC031563 | |
| Hpcl-Mittal Foundation | U74999PB2018NPL048592 |
To see the full group structure of Hpcl-Mittal Energy Limited, buy the company report.
Employees & EPFO
Hpcl-Mittal Energy Limited has a workforce of 2,016 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Hpcl-Mittal Energy has 12 GST registrations: 9 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCG5231F1Z8 | Punjab | Active | 01 Jul 2017 |
| 09AABCG5231F1ZW | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AABCG5231F1ZY | Maharashtra | Active | 01 Jul 2017 |
| 09AABCG5231F2ZV | Uttar Pradesh | Active | 09 Sep 2017 |
To see the full GST registrations and return filing status of Hpcl-Mittal Energy Limited, buy the company report.
Recent activity
Hpcl-Mittal Energy Limited has 47 board changes on record since 2001: 10 appointments and 37 cessations. The latest: Manaswini Bhalla ceased to be Additional Director on 02 Sep 2025.
148 earlier events are in the company report.
News
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Frequently asked questions
Hpcl-Mittal Energy is an active public limited company based in Bathinda, Punjab, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 13 December 2000 (26+ years old) and is registered under CIN U23201PB2000PLC024126.
Hpcl-Mittal Energy has 10 current directors and KMP:
- Prabh Das - Managing Director
- Jagjeet Singh Bindra - Director
- Rajan Tandon - Director
- Manaswini Bhalla - Director
- Bharathan Shunmugavel - Director
- Rajneesh Narang - Director
- Vikas Kaushal - Director
- Vanisha Mittal Bhatia - Director
- Sidhartha Tyagi - Company Secretary
- Harak Chand Banthia - Cfo
The latest financial statements of Hpcl-Mittal Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hpcl-Mittal Energy is 03AABCG5231F1Z8, registered in Punjab. The company has 12 GST registrations in all, of which 9 are active and 3 are cancelled or inactive. Other active GSTINs include 09AABCG5231F1ZW (Uttar Pradesh), 27AABCG5231F1ZY (Maharashtra), 09AABCG5231F2ZV (Uttar Pradesh).
The CIN (Corporate Identification Number) of Hpcl-Mittal Energy is U23201PB2000PLC024126. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hpcl-Mittal Energy has 383 court cases on record: 250 filed by the company and 133 filed against it. 36 are pending. Most are in the high courts.
Hpcl-Mittal Energy was incorporated on 13 December 2000, making it 26+ years old. It is registered with the Registrar of Companies, Chandigarh.
Hpcl-Mittal Energy has 10 deals on record (5 funding rounds, 5 rights issues), with disclosed funding of ₹1,410.39 Cr; the latest was in November 2015.
The peers of Hpcl-Mittal Energy by revenue are Reliance Industries Limited, Hindustan Petroleum Corporation Limited, Mangalore Refinery and Petrochemicals Limited, Chennai Petroleum Corporation Limited, Bharat Oman Refineries Ltd and 2 more, all in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products).
Manaswini Bhalla ceased to be Additional Director on 02 Sep 2025. Vanisha Mittal Bhatia ceased to be Additional Director on 02 Sep 2025. Vikas Kaushal ceased to be Additional Director on 02 Sep 2025. Hpcl-Mittal Energy has 47 board changes on record in total.
Hpcl-Mittal Energy can be reached through the website hmel.in. Its registered office is in Bathinda, Punjab, India.