About Ia Hydro Energy Private Limited
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Ia Hydro Energy Private Limited is a private limited company based in Shimla, Himachal Pradesh, India, a subsidiary of Shri Bajrang Power And Ispat Limited. It operates in the hydroelectric power solutions segment of the environmental services sector. It was incorporated on 23 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U33100HP2017PTC006529. Its GSTIN is 02AAECI4543B1Z8 (Himachal Pradesh).
The company has an authorised share capital of ₹55 Cr and a paid-up capital of ₹51.98 Cr. It is led by directors including Narendra Goel (Managing Director) and Ashutosh Goel.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D – 17 Sector – 1 Lane – 1 New Shimla, Himachal Pradesh, India – 171009.
As per the financials filed for FY 2024, the company reported a revenue of ₹60.34 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net profit of ₹6.01 Cr (net margin 10%) and EBITDA of ₹40.89 Cr (EBITDA margin 67.8%).
The company has about 107 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹193.04 Cr and satisfied charges of ₹565.6 Cr on record. Court records list 36 cases involving the company, including 24 filed by the company and 12 filed against it; 12 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹375 Cr; the latest was in July 2022. Its 9 peer companies in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 4 smaller; the largest is Meenakshi Power Private Limited with revenue of ₹73.57 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 goelgroup.co.in.
Company details
CIN history
Ia Hydro Energy has one previous CIN (Corporate Identification Number): U40300HP2017PTC006529. The current CIN is U33100HP2017PTC006529, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U33100HP2017PTC006529 | Current |
| U40300HP2017PTC006529 | Previous |
Contact details
Ia Hydro Energy Private Limited's registered office is in Shimla, Himachal Pradesh. Its website is goelgroup.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD – 17 Sector – 1 Lane – 1 New Shimla, Himachal Pradesh, India – 171009
- IndustryEnvironment, Hydroelectric Power Solutions
To see the full contact details of Ia Hydro 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 Ia Hydro 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 |
To see the full business activity and turnover split of Ia Hydro Energy Private Limited, buy the company report.
Financials of Ia Hydro Energy Private Limited
FY 2025 filings availableIa Hydro Energy Private Limited reported revenue of ₹60.34 Cr (down 62% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 62% in the latest year. EBITDA fell 50% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹40.89 Cr | ||||
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| Net Profit (PAT) | ₹6.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| EBITDA Margin | 67.8% | ||||
| Net Profit Margin | 10% | ||||
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To see the full financial statements and ratios of Ia Hydro Energy Private Limited, buy the company report.
Board of directors and KMP of Ia Hydro Energy Private Limited
Ia Hydro Energy Private Limited currently reports 6 directors and 1 key managerial person. 9 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashutosh Goel Also directs: Shri Bajrang and Dagra Mining LLP, Neap Realty LLP, Shri Bajrang Power and Metallics Limited and 5 more | Director | 23 Mar 2017 | 9 Years 7 Months | Current |
| Bajrang Goel Also directs: Neap Realty LLP, Swastik Mercantiles Limited, Shri Bajrang Power and Metallics Limited and 5 more | Director | 23 Mar 2017 | 9 Years 7 Months | Current |
| Narendra Goel Also directs: Shri Bajrang and Dagra Mining LLP, Shri Bajrang Commodity LLP, Chhattisgarh Captive Coal Mining Private Limited and 4 more | Managing Director | 13 Apr 2017 | 9 Years 6 Months | Current |
| Ravinder Singh Rajput | Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Anshul Dave Also directs: Shri Bajrang Power and Ispat Limited, Oceans Bridge Financial Advisory LLP, Shri Bajrang Alliance Limited and 3 more | Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Pawan Goel Also directs: Neap Realty LLP, Shri Bajarang Ispat and Plywood Limited, Onward Promoters Private Limited and 5 more | Cfo | 04 Sep 2018 | 8 Years 1 Months | Current |
Peer comparison
Ia Hydro Energy Private Limited is compared with the 9 companies closest to it by revenue in the Cleantech industry (Hydro Power), 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 |
|---|---|---|---|---|---|---|
| Meenakshi Power Private Limited | ₹73.57 Cr (FY 2024) | 2.0% | Hyderabad, Telangana, India | |||
| Magpie Hydel Construction Operation Industries Private Limited | ₹71.33 Cr (FY 2025) | -19.0% | Srinagar, Jammu and Kashmir, India | |||
| Ambuthirtha Power Private Limited | ₹65.83 Cr (FY 2023) | 13.0% | Thane, Maharashtra, India | |||
| Pioneer Power Corporation Limited | ₹64.88 Cr (FY 2025) | 60.0% | Hyderabad, Telangana, India | |||
| Soham Infrastructure Private Limited | ₹63.24 Cr (FY 2025) | 5.0% | Thane, Maharashtra, India | |||
| Ia Hydro Energy Private Limitedthis company | ₹60.34 Cr (FY 2024) | ₹6.01 Cr | 10% | -62.0% | 107 | Shimla, Himachal Pradesh, India |
| Kundan Hydro (Gangtok) Private Limited | ₹59.28 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| Pioneer Genco Limited | ₹51.89 Cr (FY 2025) | 78.0% | Hyderabad, Telangana, India | |||
| Kanchanjunga Power Company Private Limited | ₹50.95 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Tidong Power Generation Private Limited | ₹45.93 Cr (FY 2025) | 24.0% | Shimla, Himachal Pradesh, India |
To see the full peer comparison of Ia Hydro Energy Private Limited, buy the company report.
Auditor
Ia Hydro Energy Private Limited is audited by S S S D & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S S D & CO | FY 2023 | 020203C |
Shareholding
The shareholding of Ia Hydro Energy Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ia Hydro Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2024 | 100869426 | State Bank of India | ₹193.04 Cr | Open | |
| 23 Jun 2021 | 100453960 | Others | ₹225 Cr | Satisfied | |
| 31 Jul 2017 | 100117761 | Others | ₹335.6 Cr | Satisfied | |
| 31 Jul 2017 | 100119661 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Ia Hydro Energy Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Ia Hydro Energy Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹375 Cr; the latest was in July 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Funding round | ₹150 Cr | Investors: Shri Bajarang Power and Ispat Limited |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| May 2017 | Funding round | ₹225 Cr | Investors: Shri Bajarang Power and Ispat Limited, Shri Bajarang Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ia Hydro Energy Private Limited has 36 court cases on record: 24 filed by Ia Hydro Energy, 12 filed against it. 12 cases are pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 25 | 7 | 8 |
| District courts | 9 | 3 | 3 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Shimla, Himachal Pradesh | Civil suit | Filed by the company against M/S. Jaiprakash Associates Ltd. | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against National Insurance Company Limited | Disposed |
| High Court | Court case (CARBP) | Filed by the company against The National Insurance Co. Ltd. | Disposed |
| District court, Shimla, Himachal Pradesh | Civil miscellaneous application | Filed by the company against M/S. Jaiprakash Associates Ltd. | Disposed |
| District court, Dehradun, Uttarakhand | Interim or miscellaneous application | Filed by the company against M/S Ashwani Saini and Company | Pending |
To see the full case history of Ia Hydro Energy Private 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
Ia Hydro Energy Private Limited was last rated by Care on 28 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 28 Sep 2022 |
To see the full credit ratings and regulatory alerts of Ia Hydro Energy Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ia Hydro Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ia Hydro Energy Private Limited has a workforce of 107 employees on its EPFO records as of Mar 25, 2024, across 1 active EPFO establishment.
GST
Ia Hydro Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAECI4543B1Z8 | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ia Hydro Energy Private Limited, buy the company report.
Recent activity
Ia Hydro Energy Private Limited has 21 board changes on record since 2017: 14 appointments and 7 cessations. The latest: Shalini Shukla was appointed as Director on 11 Jun 2025.
20 earlier events are in the company report.
Frequently asked questions
Ia Hydro Energy is an active private limited company based in Shimla, Himachal Pradesh, India. The company works in hydroelectric power solutions, within the environment industry. It was incorporated on 23 March 2017 (9+ years old) and is registered under CIN U33100HP2017PTC006529.
Ia Hydro Energy has 7 current directors and KMP:
- Narendra Goel - Managing Director
- Ashutosh Goel - Director
- Bajrang Goel - Director
- Ravinder Singh Rajput - Director
- Anshul Dave - Director
- Shalini Shukla - Director
- Pawan Goel - Cfo
The latest financial statements of Ia Hydro Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ia Hydro Energy is 02AAECI4543B1Z8, registered in Himachal Pradesh.
The CIN (Corporate Identification Number) of Ia Hydro Energy is U33100HP2017PTC006529. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ia Hydro Energy has 36 court cases on record: 24 filed by the company and 12 filed against it. 12 are pending. Most are in the high courts.
Ia Hydro Energy was incorporated on 23 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Ia Hydro Energy has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹375 Cr; the latest was in July 2022.
The peers of Ia Hydro Energy by revenue are Meenakshi Power Private Limited, Magpie Hydel Construction Operation Industries Private Limited, Ambuthirtha Power Private Limited, Pioneer Power Corporation Limited, Soham Infrastructure Private Limited and 4 more, all in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution).
Shalini Shukla was appointed as Director on 11 Jun 2025. Niyati Dipak Thaker ceased to be Additional Director on 01 May 2025. Niyati Dipak Thaker was appointed as Additional Director on 26 Dec 2024. Ia Hydro Energy has 21 board changes on record in total.
Ia Hydro Energy can be reached through the website goelgroup.co.in. Its registered office is in Shimla, Himachal Pradesh, India.
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