About Industrial Energy Limited
Data last updated:
Industrial Energy Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Tata Power Company Limited. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 07 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2007PLC167623. Its GSTIN is 20AABCI6735N2ZH (Jharkhand). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹666 Cr. It was formerly known as Industrial Energy Private Limited. It is led by directors including Anjali Jayant Kulkarni and Vijayant Ranjan.
Its last annual general meeting (AGM) was held on 26 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹320.05 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹189.79 Cr (net margin 59.3%) and EBITDA of ₹169.23 Cr (EBITDA margin 52.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company has about 153 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tata Power. As per MCA filings, the company has open charges of ₹1,704.74 Cr and satisfied charges of ₹1,576 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹332.99 Cr; the latest was in September 2014. Its 4 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electricity, gas, steam and air conditioning supply) are compared by revenue, 3 larger and 1 smaller; the largest is Adani Green Energy Twenty Four B Limited with revenue of ₹385.88 Cr. The company has 13 MSME Form 1 returns on record between 2018 and 2024, listing 174 overdue payments to 57 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tatapower.com.
Company details
CIN history
Industrial Energy has one previous CIN (Corporate Identification Number): U74999MH2007PTC167623. The current CIN is U74999MH2007PLC167623, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2007PLC167623 | Current |
| U74999MH2007PTC167623 | Previous |
Contact details
Industrial Energy Limited's registered office is in Mumbai, Maharashtra. Its website is tatapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC/O The Tata Power Company Ltd Corporate Center A Block 34 Sant Tukaram Road Carnac, Bunder, Mumbai, Maharashtra, India – 400009
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Industrial 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
Brands
Industrial Energy operates one associated brand: Tata Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electricity generation, transmission, and distribution services are provided. | tatapower.com |
Business activity
The main business activity of Industrial Energy is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Industrial Energy Limited, buy the company report.
Financials of Industrial Energy Limited
FY 2026 filings availableIndustrial Energy Limited reported revenue of ₹320.05 Cr (down 3% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 10% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹320.05 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹169.23 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹189.79 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.9% | ||||
| Net Profit Margin | 59.3% | ||||
| 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 Industrial Energy Limited, buy the company report.
Board of directors of Industrial Energy Limited
Industrial Energy has 6 current directors and 56 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjali Jayant Kulkarni Also directs: Vagarai Windfarm Limited, Nivade Windfarm Limited | Director | 18 Jun 2018 | 8 Years 4 Months | Current |
| Vijayant Ranjan | Director | 01 Jan 2021 | 5 Years 10 Months | Current |
| Probal Ghosh | Director | 17 Nov 2025 | 0 Years 11 Months | Current |
| Anjali Akhileshwar Pandey Also directs: TP Urja Limited, Prayagraj Power Generation Company Limited, TP Vardhaman Surya Limited and 1 more | Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Akshay Khullar Also directs: TRF Limited. | Director | 10 Apr 2024 | 2 Years 7 Months | Current |
| Satish Kumar | Additional Director | 28 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Industrial Energy Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electricity, gas, steam and air conditioning supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adani Green Energy Twenty Four B Limited | ₹385.88 Cr (FY 2025) | 1506.0% | Ahmedabad, Gujarat, India | |||
| Renew Surya Ojas Private Limited | ₹385.1 Cr (FY 2025) | 1604.0% | New Delhi, Delhi, India | |||
| Adani Green Energy Twenty Five B Limited | ₹345.24 Cr (FY 2025) | 90753.0% | Ahmedabad, Gujarat, India | |||
| Industrial Energy Limitedthis company | ₹320.05 Cr (FY 2026) | ₹189.79 Cr | 59.3% | -3.0% | 153 | Mumbai, Maharashtra, India |
| Ghodawat Energy Private Limited | ₹308.74 Cr (FY 2024) | 12.0% | Hatkanangale, Maharashtra, India |
To see the full peer comparison of Industrial Energy Limited, buy the company report.
Auditor
Industrial Energy Limited is audited by S.R. Batliboi & Co LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co LLP | FY 2026 | 301003E/E300005 |
Shareholding
The shareholding of Industrial Energy Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Industrial Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jun 2026 | 101318529 | The South Indian Bank Limited | ₹75 Cr | Open | |
| 10 Sep 2025 | 101164495 | Hdfc Bank Limited | ₹101 Cr | Open | |
| 21 Sep 2024 | 100986645 | Others | ₹633.74 Cr | Open | |
| 16 Jul 2021 | 100467924 | Others | ₹110 Cr | Open | |
| 16 Sep 2020 | 100375787 | Sbicap Trustee Company Limited | ₹160 Cr | Open |
To see the full charge records of Industrial Energy Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Industrial Energy Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹332.99 Cr; the latest was in September 2014.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Rights issue | ₹333 Cr | Investors: The Tata Power Company Limited , Tata Steel Limited |
| Jan 2009 | Funding round | ₹233 Cr | Investors: The Tata Power Company Limited , Tata Steel Limited |
| May 2007 | Funding round | ₹99.99 Cr | Investors: The Tata Power Company Limited , Tata Steel Limited |
| Feb 2007 | Secondary share transfer | Undisclosed | Buyer: The Tata Power Company Limited , Tata Steel Limited Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Industrial Energy Limited has 5 court cases on record: 3 filed by Industrial Energy, 2 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 1 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Axis Bank Limited | Pending |
| High Court of Jharkhand | Writ petition | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (2300-Nine Judges Bench Matter) | Filed against the company by The State of Jharkhand State of Jharkhand Through the Secretary and Commissioner of Commercial Taxes, Project Building, Dhurwa, P.O. and P.S. Dhurwa , District: Ranchi ,Ranchi , Jharkhand and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against State of Jharkhand and Ors | Disposed |
To see the full case history of Industrial 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
Industrial Energy Limited was last rated by Care on 26 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Jul 2021 |
To see the full credit ratings and regulatory alerts of Industrial Energy Limited, buy the company report.
MSME payment delays
Industrial Energy Limited has 13 MSME Form 1 returns on record between 2018 and 2024, listing 174 overdue payments to 57 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 57)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Quality Evaluation and Systems Team Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Ecotech Monitoring Solutions Private Limited | |||
| Vtork Controls |
To see the full MSME payment records of Industrial Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Industrial Energy Limited has a workforce of 153 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 | 153 |
| 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 Industrial Energy Limited, buy the company report.
GST
Industrial Energy has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AABCI6735N2ZH | Jharkhand | Active | 01 Jul 2017 |
| 21AABCI6735N1ZG | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Industrial Energy Limited, buy the company report.
Recent activity
Industrial Energy Limited has 54 board changes on record since 2007: 9 appointments and 45 cessations. The latest: Satish Kumar was appointed as Additional Director on 28 May 2026.
62 earlier events are in the company report.
News
Frequently asked questions
Industrial Energy is an active public limited company based in Mumbai, Maharashtra, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 07 February 2007 (19+ years old) and is registered under CIN U74999MH2007PLC167623.
Industrial Energy has 6 current directors:
- Anjali Jayant Kulkarni - Director
- Vijayant Ranjan - Director
- Probal Ghosh - Director
- Anjali Akhileshwar Pandey - Director
- Akshay Khullar - Director
- Satish Kumar - Additional Director
The latest financial statements of Industrial Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 May 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Industrial Energy is 20AABCI6735N2ZH, registered in Jharkhand. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 21AABCI6735N1ZG (Odisha).
The CIN (Corporate Identification Number) of Industrial Energy is U74999MH2007PLC167623. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Industrial Energy has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Industrial Energy was incorporated on 07 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Industrial Energy has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹332.99 Cr; the latest was in September 2014.
The peers of Industrial Energy by revenue are Adani Green Energy Twenty Four B Limited, Renew Surya Ojas Private Limited, Adani Green Energy Twenty Five B Limited, Ghodawat Energy Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electricity, gas, steam and air conditioning supply).
Satish Kumar was appointed as Additional Director on 28 May 2026. Probal Ghosh was appointed as Director on 17 Nov 2025. Anjali Akhileshwar Pandey ceased to be Additional Director on 29 Jun 2025. Industrial Energy has 54 board changes on record in total.
Industrial Energy has 13 MSME Form 1 returns on record between 2018 and 2024, listing 174 overdue payments to 57 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Industrial Energy can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
