About Maharashtra Enviro Power Limited
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Maharashtra Enviro Power Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Sms Envocare Limited. It operates in the waste management and recycling solutions segment of the environmental services sector. It was incorporated on 20 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40105MH2005PLC150780. Its GSTIN is 27AAECM3522C1ZX (Maharashtra).
The company has an authorised share capital of ₹46 Cr and a paid-up capital of ₹45.2 Cr. It is led by directors including Asif Abu Muzzaser Hussain (Managing Director) and Prashant Mahadeorao Maske (Whole-Time Director).
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 20 IT Park, Nagpur, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹222.02 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹58.59 Cr (net margin 26.4%) and EBITDA of ₹151.39 Cr (EBITDA margin 68.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 14% over five years.
As per MCA filings, the company has open charges of ₹291.24 Cr and satisfied charges of ₹715.35 Cr on record. Court records list 20 cases involving the company, including 8 filed by the company and 12 filed against it; 6 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹15 Cr; the latest was in March 2024. Its 4 peer companies in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services) are compared by revenue, 2 larger and 2 smaller; the largest is Endeavor Recyclers India Limited with revenue of ₹228.38 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smsmepl.com.
Company details
Contact details
Maharashtra Enviro Power Limited's registered office is in Nagpur, Maharashtra. Its website is smsmepl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address20 IT Park Gayatri Nagar, Parsodi, Nagpur, Maharashtra, India – 440022
- IndustryEnvironment, Waste Management & Recycling Solutions
To see the full contact details of Maharashtra Enviro Power 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 Maharashtra Enviro Power is water supply, sewerage and waste management. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services |
To see the full business activity and turnover split of Maharashtra Enviro Power Limited, buy the company report.
Financials of Maharashtra Enviro Power Limited
FY 2024 filings availableMaharashtra Enviro Power Limited reported revenue of ₹222.02 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 9% growth in the latest year. EBITDA rose 8% 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 | ₹151.39 Cr | ||||
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| Net Profit (PAT) | ₹58.59 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 68.2% | ||||
| Net Profit Margin | 26.4% | ||||
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To see the full financial statements and ratios of Maharashtra Enviro Power Limited, buy the company report.
Board of directors and KMP of Maharashtra Enviro Power Limited
Maharashtra Enviro Power Limited currently reports 7 directors and 1 key managerial person. 26 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Ramchandra Wate Also directs: Lloyds Metals and Energy Limited, Shradha Realty Limited, Ceinsys Tech Limited and 4 more | Director | 01 Nov 2021 | 5 Years 0 Months | Current |
| Prashant Mahadeorao Maske | Whole-Time Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Rakesh Kumar Mishra | Whole-Time Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Premlata Shantilal Daga | Director | 01 Dec 2023 | 2 Years 11 Months | Current |
| Avinash Shankarrao Bawane Also directs: Envotech Waste Management Limited, Ponda Envocare Limited, SMS Envocare Limited and 1 more | Director | 29 May 2025 | 1 Years 5 Months | Current |
| Narhari Arun Mendhekar | Cfo | 01 Jan 2024 | 2 Years 10 Months | Current |
Peer comparison
Maharashtra Enviro Power Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Endeavor Recyclers India Limited | ₹228.38 Cr (FY 2025) | 21.0% | Delhi, India | |||
| Sumeet Urban Services (Chennai) II Private Limited | ₹223.63 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Maharashtra Enviro Power Limitedthis company | ₹222.02 Cr (FY 2025) | ₹58.59 Cr | 26.4% | 9.0% | Nagpur, Maharashtra, India | |
| G.J.Multi Clave (India) Private Limited | ₹203.45 Cr (FY 2025) | 13.0% | Chennai, Tamil Nadu, India | |||
| Chennai Enviro Solutions Private Limited | ₹203.45 Cr (FY 2025) | 24.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Maharashtra Enviro Power Limited, buy the company report.
Auditor
Maharashtra Enviro Power Limited is audited by V. K. SURANA & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. K. SURANA & Co. | FY 2024 | 110634W |
Shareholding
The shareholding of Maharashtra Enviro Power Limited is on record for 3 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Maharashtra Enviro Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2025 | 101171003 | Others | ₹50 Cr | Open | |
| 18 Sep 2025 | 101168058 | Others | ₹50 Cr | Open | |
| 29 Jul 2025 | 101160016 | Hdfc Bank Limited | ₹25 Lakh | Open | |
| 19 Sep 2024 | 100986699 | Others | ₹50 Cr | Open | |
| 29 Aug 2024 | 100979150 | Others | ₹11.87 Lakh | Open |
To see the full charge records of Maharashtra Enviro Power Limited, buy the company report.
Total charge records: 50 View all charges
Deals & funding
Maharashtra Enviro Power Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹15 Cr; the latest was in March 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: SMS Envocare Limited Seller: SMS Limited |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Dec 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Feb 2007 | Funding round | ₹15 Cr | Investors: SMS Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maharashtra Enviro Power Limited has 20 court cases on record: 8 filed by Maharashtra Enviro Power, 12 filed against it. 6 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 10 | 4 |
| High courts | 8 | 2 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Green Gene Enviro Protection and Infrastructure Limited | Disposed |
| District court, Ahmednagar, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Pending |
| District court, Ahmednagar, Maharashtra | Court case (M.A.C.P.) | Filed against the company by an individual | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against Green Gene Enviro Protection Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Maharashtra Enviro Power 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 Maharashtra Enviro Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maharashtra Enviro Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECM3522C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maharashtra Enviro Power Limited, buy the company report.
Recent activity
Maharashtra Enviro Power Limited has 30 board changes on record since 2007: 8 appointments and 22 cessations. The latest: Avinash Shankarrao Bawane ceased to be Additional Director on 29 Sep 2025.
111 earlier events are in the company report.
Frequently asked questions
Maharashtra Enviro Power is an active public limited company based in Nagpur, Maharashtra, India. The company works in waste management and recycling solutions, within the environment industry. It was incorporated on 20 January 2005 (21+ years old) and is registered under CIN U40105MH2005PLC150780.
Maharashtra Enviro Power has 8 current directors and KMP:
- Asif Abu Muzzaser Hussain - Managing Director
- Prashant Mahadeorao Maske - Whole-Time Director
- Rakesh Kumar Mishra - Whole-Time Director
- Satish Ramchandra Wate - Director
- Premlata Shantilal Daga - Director
- Avinash Shankarrao Bawane - Director
- Anita Rao - Director
- Narhari Arun Mendhekar - Cfo
The latest financial statements of Maharashtra Enviro Power 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 Maharashtra Enviro Power is 27AAECM3522C1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Maharashtra Enviro Power is U40105MH2005PLC150780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharashtra Enviro Power has 20 court cases on record: 8 filed by the company and 12 filed against it. 6 are pending. Most are in the district courts.
Maharashtra Enviro Power was incorporated on 20 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Maharashtra Enviro Power has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹15 Cr; the latest was in March 2024.
The peers of Maharashtra Enviro Power by revenue are Endeavor Recyclers India Limited, Sumeet Urban Services (Chennai) II Private Limited, G.J.Multi Clave (India) Private Limited, Chennai Enviro Solutions Private Limited, all in the Cleantech industry (Recycling and Waste Treatment), with the same principal business activity (waste collection, treatment and disposal activities, materials recovery and other waste management services).
Avinash Shankarrao Bawane ceased to be Additional Director on 29 Sep 2025. Anita Rao ceased to be Director on 29 May 2025. Avinash Shankarrao Bawane was appointed as Director on 29 May 2025. Maharashtra Enviro Power has 30 board changes on record in total.
Maharashtra Enviro Power can be reached through the website smsmepl.com. Its registered office is in Nagpur, Maharashtra, India.
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