About Indrajit Power Private Limited
Data last updated:
Indrajit Power Private Limited is a private limited company based in Mumbai, Maharashtra, 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 thermal power generation and plants segment of the energy and power sector. It was incorporated on 20 September 1994.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1994PTC081267. Its GSTIN is 27AAACI8656B1ZM (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2.44 Lakh. It was formerly known as Indrajit Infrastructure Private Limited and Uttam Power Private Limited. It is led by directors including Prakul Thadi (Irp/Rp/Liquidator) and Rajiv Munjal Krishnakumar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹43.49 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹53.26 Cr (net margin -122.5%) and EBITDA of ₹1.32 Cr (EBITDA margin 3%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 29% over five years.
The company has about 117 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Indrajit Infrastructure. As per MCA filings, the company has open charges of ₹958.31 Cr and satisfied charges of ₹988 Cr on record. Court records list 20 cases involving the company, including 12 filed by the company and 9 filed against it; 2 cases are pending. The company has 10 deals on record (8 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹111 Cr; the latest was in March 2017. Its 6 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 5 smaller; the largest is Sudha Bio Power Private Limited with revenue of ₹62.33 Cr. The company has 9 MSME Form 1 returns on record between 2019 and 2023, listing 69 overdue payments to 28 micro and small suppliers.
The last known website on record is indrainfra.in.
Company details
Name history
Indrajit Power has undergone 3 name changes throughout its history. The company was previously known as Indrajit Infrastructure Private Limited, Uttam Power Private Limited, and Indrajit Properties Private Limited. The current legal name is Indrajit Power Private Limited.
| Company Name | Status |
|---|---|
| Indrajit Power Private Limited | Current |
| Indrajit Infrastructure Private Limited | Previous |
| Uttam Power Private Limited | Previous |
| Indrajit Properties Private Limited | Previous |
Contact details
Indrajit Power Private Limited's registered office is in Mumbai, Maharashtra. Its website is indrainfra.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUttam House 69 P D Mello Road, Carnac Bunder India, Mumbai, Maharashtra, India – 400009
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Indrajit Power 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
Brands
Indrajit Power operates one associated brand: Indrajit Infrastructure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development is undertaken by Indrajit Infrastructure in India. | indrainfra.in |
Business activity
The main business activity of Indrajit Power 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 Indrajit Power Private Limited, buy the company report.
Financials of Indrajit Power Private Limited
FY 2023 filings availableIndrajit Power Private Limited reported revenue of ₹43.49 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 29%. EBITDA rose 106% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹43.49 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.26 Cr | ||||
| 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3% | ||||
| Net Profit Margin | -122.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| 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 Indrajit Power Private Limited, buy the company report.
Board of directors of Indrajit Power Private Limited
Indrajit Power has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakul Thadi Also directs: Incorp Restructuring Services LLP, Prakul & Kunwarpreet LLP | Irp/Rp/Liquidator | 15 Apr 2025 | 1 Years 6 Months | As last reported |
| Rajiv Munjal Krishnakumar Also directs: Uttam Infotech Global Ventures Private Limited, Kumar Realcon Private Limited, Assurity Real Estate LLP and 5 more | Director | 25 Nov 2019 | 6 Years 10 Months | As last reported |
| Om Prakash Ahuja Also directs: Aura Minerals Private Limited, Shri Rama Krishna Flour & Besan Mills Pvt. Limited., Archisha Steels Private Limited and 4 more | Director | 06 Apr 2018 | 8 Years 6 Months | As last reported |
Peer comparison
Indrajit Power Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (Thermal Power Plants), 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 |
|---|---|---|---|---|---|---|
| Sudha Bio Power Private Limited | ₹62.33 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Indrajit Power Private Limitedthis company | ₹43.49 Cr (FY 2023) | -₹53.26 Cr | -122.5% | 8.0% | 117 | Mumbai, Maharashtra, India |
| Adani Transmission (Rajasthan) Limited | ₹30.42 Cr (FY 2025) | 13.0% | Jaipur, Rajasthan, India | |||
| Hindustan Thermalprojects Limited | ₹27.04 Cr (FY 2024) | 412.0% | New Delhi, Delhi, India | |||
| Atria Power Corporation Private Limited | ₹19.77 Cr (FY 2024) | 10.0% | Bangalore, Karnataka, India | |||
| Vidarbha Industries Power Limited | ₹18.04 Cr (FY 2025) | 107.0% | Mumbai, Maharashtra, India | |||
| Maadurga Thermal Power Company Limited | ₹16.29 Cr (FY 2024) | Tangi Choudwar, Odisha, India |
To see the full peer comparison of Indrajit Power Private Limited, buy the company report.
Auditor
Indrajit Power Private Limited is audited by Todarwal & Todarwal for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Todarwal & Todarwal | FY 2023 | 111009W |
Shareholding
The shareholding of Indrajit Power Private 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 Indrajit Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2019 | 100273001 | Others | ₹250 Cr | Open | |
| 20 May 2017 | 100103601 | Others | ₹150 Cr | Open | |
| 08 Feb 2017 | 100081329 | Others | ₹322 Cr | Open | |
| 20 May 2016 | 100027966 | Punjab and Maharashtra Co-Operative Bank Limited | ₹115 Cr | Open | |
| 10 Apr 2015 | 10560820 | Others | ₹66.31 Cr | Open |
To see the full charge records of Indrajit Power Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Indrajit Power Private Limited has 10 deals on record (8 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹111 Cr; the latest was in March 2017.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Vertex Trade & Properties Developers Private Limited Seller: Lloyds Enterprises Limited , Parwas Leasing & Finance Private Limited |
| Oct 2013 | Funding round | ₹61 Cr | Investors: Grow Well Mercantile Private Limited , Evonith Value Steels Limited, Archisha Steels Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Grow Well Mercantile Private Limited , Archisha Steels Private Limited Seller: Evonith Metallics Limited , Parishram Properties Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: Evonith Metallics Limited , Archisha Steels Private Limited Seller: Parwas Leasing & Finance Private Limited, Parishram Properties Private Limited , 2 individuals |
| May 2009 | Secondary share transfer | Undisclosed | Buyer: Parishram Properties Private Limited , Parwas Leasing & Finance Private Limited Seller: Lloyds Enterprises Limited |
To see the full deal history of Indrajit Power Private 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
Indrajit Power Private Limited has 20 court cases on record: 12 filed by Indrajit Power, 9 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 4 | 0 |
| District courts | 6 | 4 | 2 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed against the company by Indrajit Power Private Limited and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Bhuvan Madan Interim Resolution Professional of Indrajit Power Private Limited and 1 other | Disposed |
| District court, Wardha, Maharashtra | Court case (M.J.Cases) | Filed by the company against M/S Saphire Marketing Pvt. Ltd. Through Its Director and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Indrajit Power 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
Indrajit Power Private Limited was last rated by Brickwork on 16 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 16 Apr 2021 |
To see the full credit ratings and regulatory alerts of Indrajit Power Private Limited, buy the company report.
MSME payment delays
Indrajit Power Private Limited has 9 MSME Form 1 returns on record between 2019 and 2023, listing 69 overdue payments to 28 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 (5 of 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| KV Fire Chemicals (India) Private Limited | |||
| Samarth Electrocare Private Limited | |||
| Ortho Chem | |||
| Axis Engineering Corporation | |||
| an individual supplier |
To see the full MSME payment records of Indrajit Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Indrajit Power Private Limited has a workforce of 117 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Indrajit Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI8656B1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indrajit Power Private Limited, buy the company report.
Recent activity
Indrajit Power Private Limited has 19 board changes on record since 2008: 3 appointments and 16 cessations. The latest: Bhuvan Madan ceased to be Irp/Rp/Liquidator on 15 Apr 2025.
30 earlier events are in the company report.
Frequently asked questions
Indrajit Power 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.
Indrajit Power is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 20 September 1994 and is registered under CIN U45200MH1994PTC081267. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indrajit Power has 3 current directors:
- Rajiv Munjal Krishnakumar - Director
- Om Prakash Ahuja - Director
- Prakul Thadi - Irp/Rp/Liquidator
The latest financial statements of Indrajit Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Indrajit Power is U45200MH1994PTC081267. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indrajit Power has open charges of ₹958.31 Cr and satisfied charges of ₹988 Cr as per latest MCA filings.
Indrajit Power has 20 court cases on record: 12 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
Indrajit Power was incorporated on 20 September 1994. It is registered with the Registrar of Companies, Mumbai.
Indrajit Power has 10 deals on record (8 secondary share transfers, 1 funding round, 1 convertible or debt financing), with disclosed funding of ₹111 Cr; the latest was in March 2017.
The peers of Indrajit Power by revenue are Sudha Bio Power Private Limited, Adani Transmission (Rajasthan) Limited, Hindustan Thermalprojects Limited, Atria Power Corporation Private Limited, Vidarbha Industries Power Limited and 1 more, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Bhuvan Madan ceased to be Irp/Rp/Liquidator on 15 Apr 2025. Prakul Thadi was appointed as Irp/Rp/Liquidator on 15 Apr 2025. Satishkumar Mighlani ceased to be Director on 15 Dec 2021. Indrajit Power has 19 board changes on record in total.
Indrajit Power has 9 MSME Form 1 returns on record between 2019 and 2023, listing 69 overdue payments to 28 micro and small suppliers. The latest return was filed on 20 Oct 2023.