About Maheshwaram Transmission Private Limited
Data last updated:
Maheshwaram Transmission Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Indigrid 2 Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 14 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40102MH2014PTC359685. Its GSTIN is 27AAJCM3347C1ZL (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹47 Lakh. It was formerly known as Maheshwaram Transmission Limited. It is led by directors including Kundan Kishore and Giriraj Ajmera.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹58.76 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹17.41 Cr (net margin -29.6%) and EBITDA of ₹53.29 Cr (EBITDA margin 90.7%). Revenue has grown at a compounded annual rate (CAGR) of 21% over five years.
As per MCA filings, the company has satisfied charges of ₹320 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹21 Cr; the latest was in February 2018. The company has 4 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 4 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 indigrid.co.in.
Company details
CIN history
Maheshwaram Transmission has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40102MH2014PTC359685, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40102MH2014PTC359685 | Current |
| U40102MH2014GOI359685 | Previous |
| U40102DL2014GOI270446 | Previous |
Contact details
Maheshwaram Transmission Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressUnitno 101 Firstfloor Windsor Village Kolekalyan Off Cst Road Vidyanagari Marg Santacru, Z (East), Mumbai, Maharashtra, India – 400098
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
- 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
Financials of Maheshwaram Transmission Private Limited
FY 2025 filings availableMaheshwaram Transmission Private Limited reported revenue of ₹58.76 Cr (up 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 1% growth 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 | ₹58.76 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹53.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.41 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 | 90.7% | ||||
| Net Profit Margin | -29.6% | ||||
| 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 Maheshwaram Transmission Private Limited, buy the company report.
Board of directors of Maheshwaram Transmission Private Limited
Maheshwaram Transmission has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kundan Kishore Also directs: Patran Transmission Company Private Limited, Indigrid Limited, Rapp Transmission Company Limited and 5 more | Director | 01 Jul 2022 | 4 Years 4 Months | Current |
| Giriraj Ajmera Also directs: Indigrid 2 Private Limited, Patran Transmission Company Private Limited, Bhopal Dhule Transmission Company Limited and 5 more | Director | 25 Jul 2022 | 4 Years 3 Months | Current |
| Sanil Chittoor Namboodiripad Also directs: Indigrid 2 Private Limited, Patran Transmission Company Private Limited, Bhopal Dhule Transmission Company Limited and 5 more | Director | 23 Jul 2025 | 1 Years 3 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2016 | 100069369 | Sbicap Trustee Company Limited | ₹320 Cr | Satisfied |
To see the full charge records of Maheshwaram Transmission Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Maheshwaram Transmission Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹21 Cr; the latest was in February 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Indigrid 1 Limited , Sterlite Grid 1 Limited & Swapnil Patil, Sterlite Grid 1 Limited & Aditya Mehra Seller: Indigrid 2 Private Limited , Sterlite Grid 1 Limited & Sai Kiran Dhami, Sterlite Grid 1 Limited & Mohit Saxena |
| Jun 2016 | Funding round | ₹21 Cr | Investors: Indigrid 2 Private Limited |
| Aug 2015 | Secondary share transfer | Undisclosed | Buyer: Indigrid 2 Private Limited , Sterlite Grid 3 Limited & Ajay Bhardwaj, Sterlite Grid 3 Limited & Chandrapal Singh Gour Seller: Rec Transmission Projects Company Limited , REC Transmission Projects Company Limited & Jatin Kumar Nayak, REC Transmission Projects Company Limited & Harinder Kaur |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maheshwaram Transmission Private Limited has 6 court cases on record: 2 filed by Maheshwaram Transmission, 4 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 0 |
| District courts | 2 | 0 | 1 |
Cases on record (3 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahabubnagar, Telangana | Civil suit | Filed by the company against Executive Engineer, Irrigation Department. and 1 other | Pending |
| District court, Wanaparthy, Telangana | Civil suit | Filed by the company against Executive Engineer, Irrigation Department. | Disposed |
| High Court for State of Telangana | Writ petition | Filed against the company | Disposed |
To see the full case history of Maheshwaram Transmission 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
Maheshwaram Transmission Private Limited was last rated by Icra on 10 Apr 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 10 Apr 2018 |
To see the full credit ratings and regulatory alerts of Maheshwaram Transmission Private Limited, buy the company report.
MSME payment delays
Maheshwaram Transmission Private Limited has 4 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Namdhari Industrial Traders Private Limited | |||
| Remax Fastners Industries | |||
| Yashmun Engineers Limited | |||
| JBS Enterprises Limited |
To see the full MSME payment records of Maheshwaram Transmission Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Maheshwaram Transmission has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCM3347C1ZL | Maharashtra | Active | 23 Jun 2021 |
| 36AAJCM3347C1ZM | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maheshwaram Transmission Private Limited, buy the company report.
Recent activity
Maheshwaram Transmission Private Limited has 19 board changes on record since 2015: 3 appointments and 16 cessations. The latest: Sanil Chittoor Namboodiripad ceased to be Additional Director on 14 Sep 2025.
13 earlier events are in the company report.
News
Frequently asked questions
Maheshwaram Transmission is an active private limited company based in Mumbai, Maharashtra, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 14 August 2014 (12+ years old) and is registered under CIN U40102MH2014PTC359685.
Maheshwaram Transmission has 3 current directors:
- Kundan Kishore - Director
- Giriraj Ajmera - Director
- Sanil Chittoor Namboodiripad - Director
The latest financial statements of Maheshwaram Transmission on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Maheshwaram Transmission is 27AAJCM3347C1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAJCM3347C1ZM (Telangana).
The CIN (Corporate Identification Number) of Maheshwaram Transmission is U40102MH2014PTC359685. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maheshwaram Transmission has 6 court cases on record: 2 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Maheshwaram Transmission was incorporated on 14 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Maheshwaram Transmission has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹21 Cr; the latest was in February 2018.
Sanil Chittoor Namboodiripad ceased to be Additional Director on 14 Sep 2025. Sanil Chittoor Namboodiripad was appointed as Director on 23 Jul 2025. Giriraj Ajmera ceased to be Additional Director on 19 Sep 2022. Maheshwaram Transmission has 19 board changes on record in total.
Maheshwaram Transmission has 4 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 4 micro and small suppliers. The latest return was filed on 13 May 2021.
Maheshwaram Transmission can be reached through the website indigrid.co.in. Its registered office is in Mumbai, Maharashtra, India.
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