Ideal Energy Projects Limited
About Ideal Energy Projects Limited
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Ideal Energy Projects Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Manas Power Ventures Private Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 03 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40102MH2008PLC180778. Its GSTIN is 27AABCI8643M3Z1 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹750 Cr and a paid-up capital of ₹86.67 Cr. It is led by directors including Uday Shankar Kamat (Whole-Time Director) and Ajit Shrikant Deshmukh.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 5th Floor Plot No. 1601 Gupta Towers Civil Lines, Nagpur, Maharashtra, India – 440001.
As per the financials filed for FY 2024, the company reported a revenue of ₹673.8 Cr, a decline of 61% compared to the previous year. For the same year it recorded a net profit of ₹58.95 Cr (net margin 8.7%) and EBITDA of ₹180.5 Cr (EBITDA margin 26.8%). Revenue has grown at a compounded annual rate (CAGR) of 952% over three years and 76% over five years.
The company has about 117 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹486.53 Cr and satisfied charges of ₹1,974.61 Cr on record. Court records list 24 cases involving the company, including 12 filed by the company and 12 filed against it; 3 cases are pending. The company has 18 deals on record (10 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹690.69 Cr; the latest was in March 2022. Its 5 peer companies in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 1 smaller; the largest is Powergrid Southern Interconnector Transmission System Limited with revenue of ₹809.48 Cr. The company has 3 MSME Form 1 returns on record between 2014 and 2023, listing 4 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ideal Energy Projects Limited's registered office is in Nagpur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5th Floor Plot No. 1601 Gupta Towers Civil Lines, Nagpur, Maharashtra, India – 440001
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Ideal Energy Projects 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 Ideal Energy Projects 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 Ideal Energy Projects Limited, buy the company report.
Financials of Ideal Energy Projects Limited
FY 2024 filings availableIdeal Energy Projects Limited reported revenue of ₹673.8 Cr (down 61% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 61% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 76%. EBITDA fell 88% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹180.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹58.95 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 26.8% | ||||
| Net Profit Margin | 8.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ideal Energy Projects Limited, buy the company report.
Board of directors and KMP of Ideal Energy Projects Limited
Ideal Energy Projects Limited currently reports 6 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Dinkarrao Himte | Additional Director | 15 May 2025 | 1 Years 5 Months | Current |
| Ajit Shrikant Deshmukh Also directs: Manas Agro Industries & Infrastructure Limited, Global Petroleum Private Limited, Aditya Prime Wealth Private Limited and 1 more | Director | 16 Mar 2023 | 3 Years 7 Months | Current |
| Uday Shankar Kamat | Whole-Time Director | 25 Mar 2022 | 4 Years 7 Months | Current |
| Prashant Suresh Joshi | Ceo | 01 Oct 2024 | 2 Years 1 Months | Current |
| Sarang Nitin Gadkari Also directs: Manas Agro Industries & Infrastructure Limited, Manas Ispat Private Limited, Manas Power Ventures Private Limited and 2 more | Director | 25 Mar 2022 | 4 Years 7 Months | Current |
| Samay Madhusudan Bansod Also directs: Manas Agro Industries & Infrastructure Limited, Manas Ispat Private Limited, Manas Power Ventures Private Limited and 5 more | Director | 25 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Ideal Energy Projects Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Power Projects), 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 |
|---|---|---|---|---|---|---|
| Powergrid Southern Interconnector Transmission System Limited | ₹809.48 Cr (FY 2025) | 68.0% | New Delhi, Delhi, India | |||
| Sravanthi Energy Private Limited | ₹722.93 Cr (FY 2024) | 147.0% | Gurugram, Haryana, India | |||
| Neyveli Uttar Pradesh Power Limited | ₹703.66 Cr (FY 2025) | 776567.0% | Lucknow, Uttar Pradesh, India | |||
| Blupine Energy Private Limited | ₹702.17 Cr (FY 2025) | 98.0% | Delhi, India | |||
| Ideal Energy Projects Limitedthis company | ₹673.8 Cr (FY 2024) | ₹58.95 Cr | 8.7% | -61.0% | 117 | Nagpur, Maharashtra, India |
| Matrix Gas and Renewables Limited | ₹614.34 Cr (FY 2024) | 25.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ideal Energy Projects Limited, buy the company report.
Auditor
Ideal Energy Projects Limited is audited by P.G. JOSHI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.G. JOSHI & CO. | FY 2023 | 104416W |
Shareholding
The shareholding of Ideal Energy Projects 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 Ideal Energy Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2022 | 100671676 | Others | ₹100 Cr | Open | |
| 01 Jul 2022 | 100596530 | Others | ₹386.53 Cr | Open | |
| 15 Apr 2013 | 10427198 | Canara Bank | ₹100 Cr | Satisfied | |
| 25 Aug 2011 | 10311984 | Landt Infrastructure Finance Company Limited | ₹52 Cr | Satisfied | |
| 01 Oct 2009 | 10182520 | Canara Bank | ₹1,822.48 Cr | Satisfied |
To see the full charge records of Ideal Energy Projects Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Ideal Energy Projects Limited has 18 deals on record (10 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹690.69 Cr; the latest was in March 2022.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹86.67 Cr | Investors: Manas Power Ventures Private Limited , 3 individuals |
| Jun 2016 | Rights issue | ₹50.88 Cr | Investors: Global Safety Vision Private Limited , 3 individuals |
| Aug 2013 | Secondary share transfer | Undisclosed | Buyer: Ideal Toll & Infrastructure Co. Private Limited Seller: Mep Infrastructure Developers Limited |
| Sep 2012 | Funding round | ₹116.99 Cr | Investors: 4 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Mep Infrastructure Developers Limited , an individual Seller: an individual |
To see the full deal history of Ideal Energy Projects 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
Ideal Energy Projects Limited has 24 court cases on record: 12 filed by Ideal Energy Projects, 12 filed against it. 3 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 4 | 2 |
| District courts | 7 | 7 | 1 |
| Supreme Court | 2 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Coal India Ltd., THR. Its Chairman and Managing Director, Kolkata and 10 others | Pending |
| High Court, MAHARASHTRA | Court case (NMCA) | Filed by the company against Maharashtra State Power Generation Company Limited | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed by the company against Maharashtra State Power Generation Company Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons cases SS) | Filed against the company by Bharat Heavy Electricals Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Bharat Heavy Electricals Ltd. | Disposed |
To see the full case history of Ideal Energy Projects 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
Ideal Energy Projects Limited has 3 MSME Form 1 returns on record between 2014 and 2023, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Development Consultants Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Ideal Energy Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ideal Energy Projects Limited has a workforce of 117 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 | 117 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ideal Energy Projects Limited, buy the company report.
GST
Ideal Energy Projects has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI8643M3Z1 | Maharashtra | Active | 29 May 2020 |
To see the full GST registrations and return filing status of Ideal Energy Projects Limited, buy the company report.
Recent activity
Ideal Energy Projects Limited has 21 board changes on record since 2008: 7 appointments and 14 cessations. The latest: Ramesh Dinkarrao Himte was appointed as Additional Director on 15 May 2025.
24 earlier events are in the company report.
Frequently asked questions
Ideal Energy Projects is an active public limited company based in Nagpur, Maharashtra, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 03 April 2008 (18+ years old) and is registered under CIN U40102MH2008PLC180778.
Ideal Energy Projects has 7 current directors and KMP:
- Uday Shankar Kamat - Whole-Time Director
- Ramesh Dinkarrao Himte - Additional Director
- Ajit Shrikant Deshmukh - Director
- Sarang Nitin Gadkari - Director
- Samay Madhusudan Bansod - Director
- Rashmi Ajay Fadnavis - Additional Director
- Prashant Suresh Joshi - Ceo
The latest financial statements of Ideal Energy Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ideal Energy Projects is 27AABCI8643M3Z1, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Ideal Energy Projects is U40102MH2008PLC180778. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ideal Energy Projects has 24 court cases on record: 12 filed by the company and 12 filed against it. 3 are pending. Most are in the high courts.
Ideal Energy Projects was incorporated on 03 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Ideal Energy Projects has 18 deals on record (10 secondary share transfers, 6 funding rounds, 2 rights issues), with disclosed funding of ₹690.69 Cr; the latest was in March 2022.
The peers of Ideal Energy Projects by revenue are Powergrid Southern Interconnector Transmission System Limited, Sravanthi Energy Private Limited, Neyveli Uttar Pradesh Power Limited, Blupine Energy Private Limited, Matrix Gas and Renewables Limited, all in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution).
Ramesh Dinkarrao Himte was appointed as Additional Director on 15 May 2025. Rashmi Ajay Fadnavis was appointed as Additional Director on 10 Jan 2025. Prashant Suresh Joshi was appointed as CEO on 01 Oct 2024. Ideal Energy Projects has 21 board changes on record in total.
Ideal Energy Projects has 3 MSME Form 1 returns on record between 2014 and 2023, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 17 Feb 2024.
The registered office of Ideal Energy Projects is at 5th Floor Plot No. 1601 Gupta Towers Civil Lines, Nagpur, Maharashtra, India – 440001.
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