About Manikaran Power Limited.
Data last updated:
Manikaran Power Limited. is a public limited company based in Kolkata, West Bengal, India. It operates in the power trading and energy markets segment of the energy and power sector. It was incorporated on 28 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U35109WB2005PLC283794. Its GSTIN is 19AAECM4555F1ZD (West Bengal). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹49 Cr and a paid-up capital of ₹36.22 Cr. It is led by directors including Navjeet Singh Kalsi (Managing Director) and Amrita Kalsi (Whole-Time Director).
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 Kolkata, West Bengal.
As per the financials filed for FY 2024, the company reported a revenue of ₹4,783.27 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹24.46 Cr (net margin 0.5%) and EBITDA of ₹41.48 Cr (EBITDA margin 0.9%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 6% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Money Karan and Manikaran Power Ltd. As per MCA filings, the company has open charges of ₹421.84 Cr and satisfied charges of ₹213.45 Cr on record. Court records list 58 cases involving the company, including 43 filed by the company and 15 filed against it; 17 cases are pending. The company has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹52.57 Cr; the latest was in March 2022. Its 7 peer companies in the Power industry (Power Trading, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Madhya Pradesh Power Transmission Company Limited with revenue of ₹6,264.1 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 manikaranpowerltd.in.
Company details
CIN history
Manikaran Power Limited has one previous CIN (Corporate Identification Number): U45208JH2005PLC011713. The current CIN is U35109WB2005PLC283794, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35109WB2005PLC283794 | Current |
| U45208JH2005PLC011713 | Previous |
Contact details
Manikaran Power Limited.'s registered office is in Kolkata, West Bengal.
- Social Media
- Registered Address3B Aastha, 460 Madurdaha Off E.M.Bypass, Kolkata, West Bengal, India – 700107
- IndustryEnergy and Power, Power Trading & Energy Markets, Power Transmission & Distribution Services
- 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
Manikaran Power Limited operates two associated brands: Money Karan and Manikaran Power Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides utility bill payment solutions for efficient and convenient financial transactions. | moneykaran.com | |
| Energy trading and solutions in power, gas, and coal sectors. | manikaranpowerltd.in |
Business activity
The main business activities of Manikaran Power Limited are electricity, gas, steam and air condition supply, trade and professional, scientific and technical. In detail, this covers electric power generation, transmission and distribution, wholesale trading and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Manikaran Power Limited., buy the company report.
Financials of Manikaran Power Limited.
FY 2025 filings availableManikaran Power Limited. reported revenue of ₹4,783.27 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 16% growth in the latest year. EBITDA rose 17% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹41.48 Cr | ||||
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| Net Profit (PAT) | ₹24.46 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 0.9% | ||||
| Net Profit Margin | 0.5% | ||||
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To see the full financial statements and ratios of Manikaran Power Limited., buy the company report.
Board of directors of Manikaran Power Limited.
Manikaran Power Limited has 7 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amrita Kalsi | Whole-Time Director | 28 Oct 2005 | 20 Years 11 Months | Current |
| Jagjyot Kaur | Whole-Time Director | 28 Oct 2005 | 20 Years 11 Months | Current |
| Pravin Lee Abraham Also directs: Manikaran Hydro Private Limited, Indira Priyadarshini Hydro Power Private Limited, Manikaran Renewables Limited and 2 more | Director | 03 Mar 2011 | 15 Years 7 Months | Current |
| Binit Kumar Also directs: Pratap Synthetics Limited, M R T Signals Limited | Director | 01 Feb 2022 | 4 Years 8 Months | Current |
| Jasmeet Singh Kalsi Also directs: Manikaran Urban Spaces LLP, Evincea Renewables (Twenty) Private Limited, Evincea Renewables (Fifteen) Private Limited and 5 more | Whole-Time Director | 28 Oct 2005 | 20 Years 11 Months | Current |
| Navjeet Singh Kalsi Also directs: Manikaran Urban Spaces LLP, Evincea Renewables (Twenty) Private Limited, Evincea Renewables (Fifteen) Private Limited and 5 more | Managing Director | 28 Oct 2005 | 20 Years 11 Months | Current |
Peer comparison
Manikaran Power Limited. is compared with the 7 companies closest to it by revenue in the Power industry (Power Trading, Transmission and Distribution), 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 |
|---|---|---|---|---|---|---|
| Madhya Pradesh Power Transmission Company Limited | ₹6,264.1 Cr (FY 2025) | 29.0% | Jabalpur, Madhya Pradesh, India | |||
| TP Central Odisha Distribution Limited | ₹6,129.57 Cr (FY 2025) | 9.0% | Bhubaneswar, Odisha, India | |||
| Jharkhand Bijli Vitran Nigam Limited | ₹6,017.28 Cr (FY 2019) | -10.0% | Ranchi, Jharkhand, India | |||
| Manikaran Power Limited.this company | ₹4,783.27 Cr (FY 2024) | ₹24.46 Cr | 0.5% | 16.0% | Kolkata, West Bengal, India | |
| Rajasthan Rajya Vidyut Prasaran Nigam Limited | ₹4,634.41 Cr (FY 2025) | -6.0% | Jaipur, Rajasthan, India | |||
| Tamilnadu Transmission Corporation Limited | ₹4,476.99 Cr (FY 2023) | 23.0% | Chennai, Tamil Nadu, India | |||
| U.P. Power Transmission Corporation Limited | ₹4,382.78 Cr (FY 2024) | 10.0% | Lucknow, Uttar Pradesh, India | |||
| Transmission Corporation of Telangana Limited | ₹3,447.86 Cr (FY 2024) | -2.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Manikaran Power Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Dec 2025 | 101201897 | Others | ₹8.76 Cr | Open | |
| 08 Dec 2025 | 101201861 | Others | ₹8.76 Cr | Open | |
| 27 Nov 2025 | 101198585 | Others | ₹10.9 Cr | Open | |
| 27 Nov 2025 | 101198580 | Others | ₹3.6 Cr | Open | |
| 30 Aug 2025 | 101150512 | Others | ₹30 Cr | Open |
To see the full charge records of Manikaran Power Limited., buy the company report.
Total charge records: 24 View all charges
Deals & funding
Manikaran Power Limited. has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹52.57 Cr; the latest was in March 2022.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹2.85 Cr | Investors: Manikaran Utility Services Company Limited |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Manikaran Analytics Limited |
| Sep 2021 | Funding round | ₹3.6 Cr | Investors: Kalsi Buildcon Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Manikaran Utility Services Company Limited , Manikaran Finvest Consultancy Services Limited , Manikaran Power Systems Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Kalsi Buildcon Private Limited |
To see the full deal history of Manikaran Power 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
Manikaran Power Limited. has 58 court cases on record: 43 filed by Manikaran Power Limited, 15 filed against it. 17 cases are pending and 41 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 37 | 5 | 14 |
| High courts | 16 | 7 | 3 |
| NCLT | 4 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Commercial suit | Filed by the company against M/S. Unborn Secure LLP and 1 other | Pending |
| District court, South West, Delhi | Commercial suit | Filed by the company against M/S Unborn Inffra Tech LLP and 1 other | Pending |
| District court, South West, Delhi | Commercial suit | Filed by the company against Global Next Education of Medical Science LLP and 1 other | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by Serum Institute of India Pvt. Ltd. | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed by the company against NCS Sugars Limited | Pending |
To see the full case history of Manikaran 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.
Credit ratings & regulatory alerts
Manikaran Power Limited. was last rated by Brickwork on 31 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 May 2022 |
To see the full credit ratings and regulatory alerts of Manikaran Power Limited., buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Manikaran Power Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Manikaran Power Limited has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAECM4555F1ZD | West Bengal | Active | 01 Jul 2017 |
| 07AAECM4555F1ZI | Delhi | Active | 01 Jul 2017 |
| 20AAECM4555F1ZU | Jharkhand | Active | 01 Jul 2017 |
| 27AAECM4555F2ZF | Maharashtra | Active | 01 Feb 2023 |
To see the full GST registrations and return filing status of Manikaran Power Limited., buy the company report.
Recent activity
Manikaran Power Limited. has 24 board changes on record since 2005: 7 appointments and 17 cessations. The latest: Pravin Lee Abraham ceased to be Director on 26 Sep 2025.
55 earlier events are in the company report.
Frequently asked questions
Manikaran Power Limited is an active public limited company based in Kolkata, West Bengal, India. The company works in power trading and energy markets, within the energy and power industry. It was incorporated on 28 October 2005 (21+ years old) and is registered under CIN U35109WB2005PLC283794.
Manikaran Power Limited has 7 current directors:
- Navjeet Singh Kalsi - Managing Director
- Amrita Kalsi - Whole-Time Director
- Jagjyot Kaur - Whole-Time Director
- Jasmeet Singh Kalsi - Whole-Time Director
- Pravin Lee Abraham - Director
- Binit Kumar - Director
- Radhakrishnan Nagarajan - Director
The latest financial statements of Manikaran Power Limited on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Manikaran Power Limited is 19AAECM4555F1ZD, registered in West Bengal. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 07AAECM4555F1ZI (Delhi), 20AAECM4555F1ZU (Jharkhand), 27AAECM4555F2ZF (Maharashtra).
The CIN (Corporate Identification Number) of Manikaran Power Limited is U35109WB2005PLC283794. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manikaran Power Limited has 58 court cases on record: 43 filed by the company and 15 filed against it. 17 are pending. Most are in the district courts.
Manikaran Power Limited was incorporated on 28 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Kolkata.
Manikaran Power Limited has 18 deals on record (12 secondary share transfers, 5 funding rounds, 1 rights issue), with disclosed funding of ₹52.57 Cr; the latest was in March 2022.
The peers of Manikaran Power Limited by revenue are Madhya Pradesh Power Transmission Company Limited, TP Central Odisha Distribution Limited, Jharkhand Bijli Vitran Nigam Limited, Rajasthan Rajya Vidyut Prasaran Nigam Limited, Tamilnadu Transmission Corporation Limited and 2 more, all in the Power industry (Power Trading, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Pravin Lee Abraham ceased to be Director on 26 Sep 2025. Binit Kumar ceased to be Additional Director on 30 Sep 2022. Radhakrishnan Nagarajan ceased to be Additional Director on 30 Sep 2022. Manikaran Power Limited has 24 board changes on record in total.
Manikaran Power Limited can be reached through the website manikaranpowerltd.in. Its registered office is in Kolkata, West Bengal, India.