India's Richest People 2026 edition · 1 director · Source: Hurun India
- #957 Maddisetty Venugopal Rao & family ₹3,000 Cr
Revenue · FY 2025
₹640.99 Cr
▼ 31% YoY
Net profit · FY 2025
₹60.22 Cr
Net margin 9.4%
EBITDA · FY 2025
₹86.09 Cr
EBITDA margin 13.4%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹1,828.81 Cr
Secured borrowings
Company age
16 yrs
Est. 2010
Employees · EPFO
560
Provident fund records
About Lineage Power Private Limited
Data last updated:
Lineage Power Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Pace Digitek Infra Private Limited. It operates in the telecom equipment and tech solutions segment of the telecommunications sector. It was incorporated on 29 June 2010 and has been in existence for over 16 years.
Its director Maddisetty Venugopal Rao and family are #957 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45207KA2010PTC054269. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Pace Solar Farms (India) Private Limited. It is led by directors including Prabhakar Reddy Patil and Maddisetty Padma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. V – 12 Industrial Estate Kumbalgodu Bangalore – Mysore Highway, Karnataka, India – 560074.
As per the financials filed for FY 2025, the company reported a revenue of ₹640.99 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net profit of ₹60.22 Cr (net margin 9.4%) and EBITDA of ₹86.09 Cr (EBITDA margin 13.4%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 22% over five years.
The company has about 560 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lineage Power. As per MCA filings, the company has open charges of ₹1,828.81 Cr on record. Court records list 21 cases involving the company, including 15 filed by the company and 6 filed against it; 5 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹3 Cr; the latest was in September 2014. Its 10 peer companies in the Telecom industry (Telecom Equipment and Technology) are compared by revenue, 5 larger and 5 smaller; the largest is Vriks Telecom Private Limited with revenue of ₹1,140.61 Cr. The company has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 3 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 lineagepowersystems.com.
Company Details of Lineage Power Private Limited
CIN U45207KA2010PTC054269
Registration Number 054269
Incorporation Date 29 June 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Pace Digitek Infra Private Limited
Compliance Status Active Compliant
Key People
Prabhakar Reddy Patil Director Maddisetty Padma Director Satishchandra Balkrishna Ogale Director Recognitions & Rankings of Lineage Power
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. V – 12 Industrial Estate Kumbalgodu Bangalore – Mysore Highway, Karnataka, India – 560074
- IndustryTelecom, Telecom Equipment & Tech Solutions
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Associated Brands with Lineage Power Private Limited
Lineage Power operates one associated brand: Lineage Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power conversion and energy management solutions are provided globally. | lineagepowersystems.com |
Business Activity of Lineage Power Private Limited
The main business activities of Lineage Power are information and communication, construction and trade. In detail, this covers other information & communication service activities, demolition & site preparation, electrical, plumbing & other specialized construction activities and retail trading. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
| G | Trade | G2 | Retail Trading | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Lineage Power Private Limited FY 2025 filings available
Lineage Power Private Limited reported revenue of ₹640.99 Cr (down 31% YoY) for FY 2025.
Revenue · FY 2025
₹640.99 Cr ▼ 31%
Net profit · FY 2025
₹60.22 Cr margin 9.4%
EBITDA · FY 2025
₹86.09 Cr margin 13.4%
Compounded Annual Growth Rate (CAGR) of Lineage Power Private Limited
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 41%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 140%
5 years · compounded
▲ 50%
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 18% 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 of Lineage Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹640.99 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹86.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60.22 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 of Lineage Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Lineage Power are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Lineage Power Private Limited
Lineage Power has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhakar Reddy Patil Also directs: Swan Corp Limited, Pace Digitek Limited, Swan Defence and Heavy Industries Limited and 3 more | Director | 04 Oct 2025 | 1 Years 0 Months | Current |
| Maddisetty Padma | Director | 29 Jun 2010 | 16 Years 3 Months | Current |
| Satishchandra Balkrishna Ogale | Director | 04 Oct 2025 | 1 Years 0 Months | Current |
| Rajiv Maddisetty Also directs: Pace Digitek Limited, Pace Ecoplanet Solace Private Limited, Pace Renewable Energies Private Limited and 5 more | Director | 09 Jul 2019 | 7 Years 3 Months | Current |
| Venugopalrao Maddisetty Also directs: Pace Digitek Limited, Pace Ecoplanet Solace Private Limited, Pace Renewable Energies Private Limited and 4 more | Director | 29 Jun 2010 | 16 Years 3 Months | Current |
| Mudduluru Rohitha | Director | 14 Mar 2023 | 3 Years 7 Months | Current |
Peer Comparison of Lineage Power Private Limited
Lineage Power Private Limited is compared with the companies closest to it by revenue in the Telecom industry (Telecom Equipment and Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vriks Telecom Private Limited | ₹1,140.61 Cr (FY 2023) | •••• | •••• | 116.0% | •••• | Ahmedabad, Gujarat, India |
| Sonepar India Private Limited | ₹1,070.52 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Exicom Tele-Systems Limited | ₹898.8 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Solan, Himachal Pradesh, India |
| Amphenol Omniconnect India Private Limited | ₹853.91 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Maraimalai Nagar, Tamil Nadu, India |
| Neolync Solutions Private Limited | ₹847.33 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | Bangalore, Karnataka, India |
| Lineage Power Private Limited this company | ₹640.99 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Bangalore, Karnataka, India |
| Rosenberger Interconnect India Private Limited | ₹479.6 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Salcete, Goa, India |
| Advait Energy Transitions Limited Listed | ₹406.46 Cr (FY 2025) | •••• | •••• | 92.0% | •••• | Ahmedabad, Gujarat, India |
| Mpower Infratech (India) Private Limited | ₹366.95 Cr (FY 2024) | •••• | •••• | 15.0% | •••• | Hyderabad, Telangana, India |
| R&M India Private Limited | ₹364.55 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Bangalore, Karnataka, India |
| Hcil Comtel Private Limited | ₹323.7 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Lineage Power by revenue in the Telecom industry (Telecom Equipment and Technology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Lineage Power Private Limited
Lineage Power Private Limited is audited by S S Kothari Mehta & Co. LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S S Kothari Mehta & Co. LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Lineage Power Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Lineage Power Private Limited
Open charges
₹1,828.81 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Mar 2026 | Others | ₹120 Cr | Open |
| 02 Mar 2026 | Idbi Bank Limited | ₹150 Cr | Open |
| 21 Dec 2024 | Canara Bank | ₹7.81 Cr | Open |
| 04 May 2024 | Canara Bank | ₹1,308 Cr | Open |
| 31 Jan 2024 | Others | ₹120 Cr | Open |
Total charge records: 7 View all charges
Deals & Funding of Lineage Power Private Limited
Lineage Power Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹3 Cr; the latest was in September 2014.
Total deals
1
Funding round
1
Disclosed funding
₹3 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2014 | Funding round | ₹3 Cr | Investors: Pace Digitek Limited , 2 individuals |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Lineage Power Private Limited
Lineage Power Private Limited has 21 court cases on record: 15 filed by Lineage Power, 6 filed against it. 5 cases are pending and 16 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Total cases
21
Filed by the company
15
Filed against the company
6
Pending
5
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 5 | 2 |
| High courts | 7 | 1 | 2 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against VRL Logistics Limited | Pending |
| District court, BENGALURU RURAL, Karnataka | Civil suit | Filed against the company by Itc Infotech India Limited | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Eita India Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed by the company against Iti Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Itc Infotech India Limited | Disposed |
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Full case history
All 21 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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 by Lineage Power Private Limited
Lineage Power Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 9 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Pacer Secure Services Private Limited | •••• | •••• | •••• |
| SV Facility Services Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Lineage Power Private Limited
Lineage Power Private Limited has a workforce of 560 employees as of Oct 10, 2025.
Employee count
560
Active EPFO establishments
2
Employee growth
-66.33%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Lineage Power Private Limited
Lineage Power Private Limited has 10 board changes on record since 2010: 6 appointments and 4 cessations. The latest: Prabhakar Reddy Patil was appointed as Director on 04 Oct 2025.
Charges
A charge with Others amounted to Rs. 120.00 Cr with Charge ID 101259020 was registered on 25 Mar 2026.
Charges
A charge with Idbi Bank Limited of Rs. 150.00 Cr registered on 02 Mar 2026 with Charge ID 101247653 was modified on 06 Mar 2026.
Charges
A charge with Idbi Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101247653 was registered on 02 Mar 2026.
Charges
A charge with Others of Rs. 120.00 Cr registered on 31 Jan 2024 with Charge ID 100870200 was modified on 04 Dec 2025.
Appointed
Prabhakar Reddy Patil was appointed as Director.
Ceased
Prabhakar Reddy Patil ceased to be Additional Director.
Appointed
Satishchandra Balkrishna Ogale was appointed as Director.
Ceased
Satishchandra Balkrishna Ogale ceased to be Additional Director.
AGM
Lineage Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Lineage Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 7.81 Cr with Charge ID 101032281 was registered on 21 Dec 2024.
Charges
A charge with Canara Bank amounted to Rs. 1,308.00 Cr with Charge ID 100923233 was registered on 04 May 2024.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Lineage Power Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Lineage Power Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Lineage Power Private Limited
Lineage Power has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Lineage Power Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Lineage Power Private Limited
Frequently Asked Questions about Lineage Power Private Limited
Lineage Power is an active private limited company based in Bangalore, Karnataka, India. The company works in telecom equipment and tech solutions, within the telecom industry. It was incorporated on 29 June 2010 (16+ years old) and is registered under CIN U45207KA2010PTC054269.
Lineage Power reported revenue of ₹640.99 Cr for FY 2025 (down 31% YoY).
Lineage Power has 6 current directors:
- Prabhakar Reddy Patil - Director
- Maddisetty Padma - Director
- Satishchandra Balkrishna Ogale - Director
- Rajiv Maddisetty - Director
- Venugopalrao Maddisetty - Director
- Mudduluru Rohitha - Director
Lineage Power reported a net profit of ₹60.22 Cr (net margin 9.4%) and EBITDA of ₹86.09 Cr (EBITDA margin 13.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lineage Power is 41% over three years and 22% over five years. In the latest year (FY 2025) revenue fell 31%. CAGR is the steady yearly rate that links the first and the last year.
No. Lineage Power has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Lineage Power is U45207KA2010PTC054269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lineage Power has 21 court cases on record: 15 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Lineage Power was incorporated on 29 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Lineage Power has 1 deal on record (1 funding round), with disclosed funding of ₹3 Cr; the latest was in September 2014.
The peers of Lineage Power by revenue are Vriks Telecom Private Limited, Sonepar India Private Limited, Exicom Tele-Systems Limited, Amphenol Omniconnect India Private Limited, Neolync Solutions Private Limited and 5 more, all in the Telecom industry (Telecom Equipment and Technology).
Prabhakar Reddy Patil was appointed as Director on 04 Oct 2025. Prabhakar Reddy Patil ceased to be Additional Director on 04 Oct 2025. Satishchandra Balkrishna Ogale was appointed as Director on 04 Oct 2025. Lineage Power has 10 board changes on record in total.