About Ind-Barath Power Infra Limited
Data last updated:
Ind-Barath Power Infra Limited is a public limited company based in Chennai, Tamil Nadu, India. 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 power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 17 February 1995.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65993TN1995PLC098714. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹606.73 Cr and a paid-up capital of ₹96.29 Cr. It was formerly known as Ind-Barath Power Infra Private Limited. It is led by directors including Eluri Veera Swamy and Venkata Lalita Naga Rama Subba Lakshmi Munnangi.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at New No 20 (Old No 129 Chamiers Road Nandanam V Tenyampet, Chennai, Tamil Nadu, India – 600035.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.05 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net loss of ₹38.64 Lakh (net margin -18.8%) and EBITDA of -₹22.16 Lakh (EBITDA margin -10.8%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 34% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 8 subsidiaries.
The company is associated with 1 brand: IBPIL. As per MCA filings, the company has open charges of ₹4,750.77 Cr and satisfied charges of ₹3,860.03 Cr on record. Court records list 49 cases involving the company, including 8 filed by the company and 43 filed against it; 16 cases are pending. The company has 16 deals on record (10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹1,104.48 Cr; the latest was in March 2020.
The last known website on record is ibpil.com.
Company details
CIN history
Ind-Barath Power Infra has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65993TN1995PLC098714, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65993TN1995PLC098714 | Current |
| U65993AP1995PLC019471 | Previous |
| U65993TG1995PLC019471 | Previous |
Contact details
Ind-Barath Power Infra Limited's registered office is in Chennai, Tamil Nadu. Its website is ibpil.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNew No 20 (Old No 129 Chamiers Road Nandanam V Tenyampet, Chennai, Tamil Nadu, India – 600035
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Ind-Barath Power Infra 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 Ind-Barath Power Infra 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 Ind-Barath Power Infra Limited, buy the company report.
Financials of Ind-Barath Power Infra Limited
FY 2022 filings availableInd-Barath Power Infra Limited reported revenue of ₹2.05 Cr (up 5% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 34%. EBITDA rose 91% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹22.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹38.64 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -10.8% | ||||
| Net Profit Margin | -18.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Ind-Barath Power Infra Limited, buy the company report.
Board of directors of Ind-Barath Power Infra Limited
Ind-Barath Power Infra has 3 current directors and 26 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eluri Veera Swamy Also directs: Ind-Barath Energies Private Limited | Additional Director | 02 Nov 2020 | 6 Years 0 Months | As last reported |
| Venkata Lalita Naga Rama Subba Lakshmi Munnangi Also directs: JSW Energy (Utkal) Limited | Additional Director | 05 Sep 2017 | 9 Years 2 Months | As last reported |
| Veeravenkata Satyanarayana Rao Vadlamani Also directs: Bharat Waterfront Private Limited, Sriba Sea Base Private Limited, Sriba Agro Limited and 2 more | Additional Director | 05 Sep 2019 | 7 Years 2 Months | As last reported |
Auditor
Ind-Barath Power Infra Limited is audited by C.Ramachandram & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C.Ramachandram & Co | FY 2022 | 002864S |
Shareholding
The shareholding of Ind-Barath Power Infra Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ind-Barath Power Infra Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Feb 2017 | 100096760 | Others | ₹285 Cr | Open | |
| 31 Dec 2015 | 100023057 | Others | ₹392.5 Cr | Open | |
| 09 Jul 2015 | 10585111 | Il & Fs Trust Company Limited | ₹779 Cr | Open | |
| 10 Mar 2015 | 10555978 | Axis Trustee Services Limited | ₹489.27 Cr | Open | |
| 19 Jan 2015 | 10546869 | Power Finance Corporation Limited | ₹2,655 Cr | Open |
To see the full charge records of Ind-Barath Power Infra Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Ind-Barath Power Infra Limited has 16 deals on record (10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹1,104.48 Cr; the latest was in March 2020.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Secondary share transfer | Undisclosed | Buyer: Sriba Agro Limited Seller: Ascent Capital Advisors India |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: Sriba Sea Base Private Limited Seller: NTC Advisors Private Limited , Fouress Advisors Private Limited, Nethu Soft Private Limited |
| Jun 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sriba Sea Base Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sriba Sea Base Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sriba Sea Base Private Limited , 2 individuals |
To see the full deal history of Ind-Barath Power Infra 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
Ind-Barath Power Infra Limited has 49 court cases on record: 8 filed by Ind-Barath Power Infra, 43 filed against it. 16 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 21 | 6 |
| NCLAT | 19 | 15 | 9 |
| NCLT | 5 | 4 | 0 |
| District courts | 3 | 3 | 1 |
Cases on record (5 of 49)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by India Infrastructure Finance Company Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Power Finance Corporation Limited and 2 others | Pending |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Ind-Barath Power Gencom Ltd | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Millenium Steel India Private Limited | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Ind-Barath Power Gencom Ltd | Disposed |
To see the full case history of Ind-Barath Power Infra 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 Ind-Barath Power Infra Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ind-Barath Power Infra has 8 subsidiary companies and 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ind-Barath Energies (Maharashtra) Limited | U40100TG2005PLC052595 | |
| Ind-Barath Thermal Power Limited | U40101TG2007PLC052232 | |
| Ind-Barath Energies (Chhattisgarh) Limited | U40101TG2008PLC060330 | |
| Arkay Energy (Rameswarm) Private Limited | U40104TG2004PTC044741 | |
| Dharmshala Hydro Power Limited | U40109TG2000PLC035075 | |
| Raghu Rama Renewable Energy Limited | U40109TG2001PLC036868 |
To see the full group structure of Ind-Barath Power Infra Limited, buy the company report.
Employees & EPFO
Ind-Barath Power Infra Limited has a workforce of 2 employees on its EPFO records as of Dec 2019, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 2 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Ind-Barath Power Infra Limited, buy the company report.
GST
Ind-Barath Power Infra has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ind-Barath Power Infra Limited, buy the company report.
Recent activity
Ind-Barath Power Infra Limited has 29 board changes on record since 2008: 3 appointments and 26 cessations. The latest: Venkata Lalita Naga Rama Subba Lakshmi Munnangi ceased to be Additional Director on 03 Oct 2022.
46 earlier events are in the company report.
News
Frequently asked questions
Ind-Barath Power Infra 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.
Ind-Barath Power Infra is a company under insolvency, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 17 February 1995 and is registered under CIN U65993TN1995PLC098714. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ind-Barath Power Infra has 3 current directors:
- Eluri Veera Swamy - Additional Director
- Venkata Lalita Naga Rama Subba Lakshmi Munnangi - Additional Director
- Veeravenkata Satyanarayana Rao Vadlamani - Additional Director
The latest financial statements of Ind-Barath Power Infra on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ind-Barath Power Infra is U65993TN1995PLC098714. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ind-Barath Power Infra has open charges of ₹4,750.77 Cr and satisfied charges of ₹3,860.03 Cr as per latest MCA filings.
Ind-Barath Power Infra has 49 court cases on record: 8 filed by the company and 43 filed against it. 16 are pending. Most are in the high courts.
Ind-Barath Power Infra was incorporated on 17 February 1995. It is registered with the Registrar of Companies, Chennai.
Ind-Barath Power Infra has 16 deals on record (10 secondary share transfers, 6 funding rounds), with disclosed funding of ₹1,104.48 Cr; the latest was in March 2020.
Venkata Lalita Naga Rama Subba Lakshmi Munnangi ceased to be Additional Director on 03 Oct 2022. Ambedkar Rajkumar Ganta ceased to be Additional Director on 02 Nov 2020. Dumpala Madhusudhana Reddy ceased to be Cfo(Kmp) on 02 Nov 2020. Ind-Barath Power Infra has 29 board changes on record in total.
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