MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0000527
Kintech Synergy Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹418.99 Cr
▲ 133% YoY
Net profit · FY 2025
₹27.6 Cr
Net margin 6.6%
EBITDA · FY 2025
₹46.05 Cr
EBITDA margin 11%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹2.61 Cr
Issued & subscribed
Open charges
₹324.07 Cr
Satisfied ₹89.48 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
500
Provident fund records
About Kintech Synergy Private Limited
Data last updated:
Kintech Synergy Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 14 August 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29120GJ1995PTC027101. Its GSTIN is 24AAACK8854H1ZE (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹2.61 Cr. It was formerly known as Kinetech Systems Pvt Ltd. It is led by directors including Jigar Jasavantlal Shah (Managing Director) and Agam Jigarbhai Shah.
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 Kintech House 8 – 9 Shivalik Plaza Opp. Ama Iim Road, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹418.99 Cr, a growth of 133% compared to the previous year. For the same year it recorded a net profit of ₹27.6 Cr (net margin 6.6%) and EBITDA of ₹46.05 Cr (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 12% over five years.
The company has about 500 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Kintech Synergy. As per MCA filings, the company has open charges of ₹324.07 Cr and satisfied charges of ₹89.48 Cr on record. Court records list 39 cases involving the company, including 6 filed by the company and 33 filed against it; 12 cases are pending. The company has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹104.73 Cr; the latest was in October 2025. Its 4 peer companies in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 3 smaller; the largest is Renfra Energy India Private Limited with revenue of ₹446.73 Cr.
Kintech Synergy Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0000527). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kintechsynergy.com.
Company details
CIN U29120GJ1995PTC027101
Registration Number 027101
Incorporation Date 14 August 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0000527
Key People
Jigar Jasavantlal Shah Managing Director Agam Jigarbhai Shah Director Ambalal Chimanlal Patel Director Recognitions & Rankings of Kintech Synergy
Contact details
Kintech Synergy Private Limited's registered office is in Ahmedabad, Gujarat. Its website is kintechsynergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKintech House 8 – 9 Shivalik Plaza Opp. Ama Iim Road, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Kintech Synergy Private Limited, buy the company report.
Comprehensive company report
Kintech Synergy Private Limited - one report that includes everything
- 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
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Brands
Kintech Synergy operates one associated brand: Kintech Synergy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops, contracts, and maintains wind and solar energy projects in India. | kintechsynergy.com |
Business activity
The main business activity of Kintech Synergy 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 Kintech Synergy Private Limited, buy the company report.
Financials of Kintech Synergy Private Limited
FY 2024 filings availableKintech Synergy Private Limited reported revenue of ₹418.99 Cr (up 133% YoY) for FY 2025.
Revenue · FY 2025
₹418.99 Cr ▲ 133%
Net profit · FY 2025
₹27.6 Cr margin 6.6%
EBITDA · FY 2025
₹46.05 Cr margin 11%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 133%
3 years · compounded
▲ 20%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 158%
3 years · compounded
▲ 51%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 133% growth in the latest year. EBITDA rose 158% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹46.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹27.6 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 6.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Kintech Synergy Private Limited, buy the company report.
Board of directors of Kintech Synergy Private Limited
Kintech Synergy has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigar Jasavantlal Shah Also directs: Reign Creators LLP, Ratnabhumi Realty LLP, Kintech Greenurja Private Limited and 5 more | Managing Director | 14 Aug 1995 | 31 Years 2 Months | Current |
| Agam Jigarbhai Shah Also directs: Kintech Greenurja Private Limited, Kintech Electricyaans Private Limited, Kinurja Gtwo Private Limited and 5 more | Director | 01 Apr 2023 | 3 Years 7 Months | Current |
| Ambalal Chimanlal Patel Also directs: Reign Creators LLP, Kintech Global Services Private Limited | Director | 07 May 1996 | 30 Years 5 Months | Current |
Peer comparison
Kintech Synergy Private Limited is compared with the 4 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), 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 |
|---|---|---|---|---|---|---|
| Renfra Energy India Private Limited | ₹446.73 Cr (FY 2024) | 62.0% | Chennai, Tamil Nadu, India | |||
| Kintech Synergy Private Limitedthis company | ₹418.99 Cr (FY 2025) | ₹27.6 Cr | 6.6% | 133.0% | 500 | Ahmedabad, Gujarat, India |
| Paawan Energy India Private Limited | ₹417.6 Cr (FY 2024) | 37.0% | Shikohabad, Uttar Pradesh, India | |||
| Renew Wind Energy (Rajasthan 2) Private Limited | ₹410 Cr (FY 2025) | -45.0% | New Delhi, Delhi, India | |||
| Operational Energy Group India Limited | ₹408.68 Cr (FY 2025) | 29.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Kintech Synergy Private Limited, buy the company report.
Auditor
Kintech Synergy Private Limited is audited by NILESH DESAI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NILESH DESAI & CO. | FY 2023 | 114059W |
Shareholding
The shareholding of Kintech Synergy 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kintech Synergy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹324.07 Cr
Satisfied charges
₹89.48 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2024 | 101004535 | Hdfc Bank Limited | ₹21 Lakh | Open | |
| 05 Sep 2024 | 100979738 | Hdfc Bank Limited | ₹35 Cr | Open | |
| 07 Nov 2022 | 100644278 | Hdfc Bank Limited | ₹26.77 Lakh | Open | |
| 24 Aug 2022 | 100608149 | Hdfc Bank Limited | ₹146.25 Cr | Open | |
| 11 Oct 2017 | 100133562 | State Bank of India | ₹71.17 Cr | Open |
To see the full charge records of Kintech Synergy Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Kintech Synergy Private Limited has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹104.73 Cr; the latest was in October 2025.
Total deals
12
Secondary share transfers
8
Funding rounds
3
Rights issue
1
Disclosed funding
₹104.73 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Funding round | ₹102.33 Cr | Investors: Nine Rivers Capital, Ananta Capital, 2 individuals |
| Sep 2024 | Secondary share transfer | Undisclosed | Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Jun 2022 | Rights issue | ₹1.85 Cr | Investors: 3 individuals |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jigar Jasavantlal Shah Huf |
To see the full deal history of Kintech Synergy 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
Kintech Synergy Private Limited has 39 court cases on record: 6 filed by Kintech Synergy, 33 filed against it. 12 cases are pending and 27 are disposed.
Total cases
39
Filed by the company
6
Filed against the company
33
Pending
12
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 20 | 9 |
| High courts | 11 | 11 | 3 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Allcab India Limited (Formerly Known As Allwin Industries Or Allcab Cables and Wires) | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Siemens Gamesa Renewable Power Pvt Ltd | Pending |
| District court, Patan, Gujarat | Commercial matter | Filed against the company by Siemens Gamesa Renewable Power Pvt Ltd and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Atlas Transformers India Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Arvind Limited | Disposed |
To see the full case history of Kintech Synergy 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
Kintech Synergy Private Limited was last rated by Crisil on 02 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 02 Jan 2020 |
To see the full credit ratings and regulatory alerts of Kintech Synergy Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kintech Synergy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kintech Synergy has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Kintech Global Services Private Limited | U40200GJ2016PTC091804 | |
| Rajana Solarpark Private Limited | U40300GJ2019PTC105966 |
To see the full group structure of Kintech Synergy Private Limited, buy the company report.
Employees & EPFO
Kintech Synergy Private Limited has a workforce of 500 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
500
Active EPFO establishments
1
Employee growth
-25.48%
GST
Kintech Synergy has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACK8854H1ZE | Gujarat | Active | 01 Jul 2017 |
| 24AAACK8854H2ZD | Gujarat | Active | 21 Mar 2025 |
| 08AAACK8854H1Z8 | Rajasthan | Active | 01 Jul 2017 |
| 23AAACK8854H1ZG | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kintech Synergy Private Limited, buy the company report.
Recent activity
Kintech Synergy Private Limited has 7 board changes on record since 1995: 3 appointments and 4 cessations. The latest: Agam Jigarbhai Shah ceased to be Additional Director on 29 Sep 2023.
Charges
A charge registered on 13 Sep 2021 via Charge ID 100490859 with Others was fully satisfied on 25 Jan 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 146.25 Cr registered on 24 Aug 2022 with Charge ID 100608149 was modified on 25 Nov 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 101004535 was registered on 18 Nov 2024.
AGM
Kintech Synergy Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 35.00 Cr with Charge ID 100979738 was registered on 05 Sep 2024.
Filing
Kintech Synergy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Agam Jigarbhai Shah ceased to be Additional Director.
Appointed
Agam Jigarbhai Shah was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 100644278 was registered on 07 Nov 2022.
Charges
A charge registered on 13 Mar 2019 via Charge ID 100250378 with Others was fully satisfied on 20 Oct 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 146.25 Cr with Charge ID 100608149 was registered on 24 Aug 2022.
Charges
A charge with State Bank Of India of Rs. 71.17 Cr registered on 11 Oct 2017 with Charge ID 100133562 was modified on 23 Dec 2021.
32 earlier events are in the company report.
Frequently asked questions
Kintech Synergy is an active private limited company based in Ahmedabad, Gujarat, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 14 August 1995 (31+ years old) and is registered under CIN U29120GJ1995PTC027101.
Kintech Synergy has 3 current directors:
- Jigar Jasavantlal Shah - Managing Director
- Agam Jigarbhai Shah - Director
- Ambalal Chimanlal Patel - Director
The latest financial statements of Kintech Synergy 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 Kintech Synergy is 24AAACK8854H1ZE, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 24AAACK8854H2ZD (Gujarat), 08AAACK8854H1Z8 (Rajasthan), 23AAACK8854H1ZG (Madhya Pradesh).
The CIN (Corporate Identification Number) of Kintech Synergy is U29120GJ1995PTC027101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kintech Synergy has 39 court cases on record: 6 filed by the company and 33 filed against it. 12 are pending. Most are in the district courts.
Kintech Synergy was incorporated on 14 August 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kintech Synergy has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹104.73 Cr; the latest was in October 2025.
The peers of Kintech Synergy by revenue are Renfra Energy India Private Limited, Paawan Energy India Private Limited, Renew Wind Energy (Rajasthan 2) Private Limited, Operational Energy Group India Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution).
Agam Jigarbhai Shah ceased to be Additional Director on 29 Sep 2023. Agam Jigarbhai Shah was appointed as Director on 01 Apr 2023. Jashwantlal Babulal Shah ceased to be Director on 01 Jul 2014. Kintech Synergy has 7 board changes on record in total.
Yes, Kintech Synergy is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0000527).
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