About MB Power (Madhya Pradesh) Limited
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MB Power (Madhya Pradesh) Limited is a public limited company based in Anuppur, Madhya Pradesh, India, a subsidiary of Hindustan Thermalprojects Limited. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 19 June 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U40101MP2008PLC022066. Its GSTIN is 23AAFCM6698A1ZH (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹505 Cr and a paid-up capital of ₹451.55 Cr. It is led by directors including Anand Deshpande (Whole-Time Director) and Hemant Sahai.
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 Laharpur Jaithari, Anuppur, Madhya Pradesh, India – 484330.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,346.59 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹585.3 Cr (net margin 13.5%) and EBITDA of ₹1,744.07 Cr (EBITDA margin 40.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 10% over five years.
The company has about 1,833 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5,207.86 Cr and satisfied charges of ₹220 Cr on record. Court records list 68 cases involving the company, including 47 filed by the company and 21 filed against it; 22 cases are pending. The company has 16 deals on record (13 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹1,632.64 Cr; the latest was in December 2022. Its 9 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 5 smaller; the largest is Sasan Power Limited with revenue of ₹4,887.52 Cr. The company has 26 MSME Form 1 returns on record between 2017 and 2023, listing 220 overdue payments to 90 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 hindustanpowerprojects.com.
Company details
CIN history
MB Power (Madhya Pradesh) has one previous CIN (Corporate Identification Number): U40101DL2008PLC179740. The current CIN is U40101MP2008PLC022066, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40101MP2008PLC022066 | Current |
| U40101DL2008PLC179740 | Previous |
Contact details
MB Power (Madhya Pradesh) Limited's registered office is in Anuppur, Madhya Pradesh. Its website is hindustanpowerprojects.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressLaharpur Jaithari, Anuppur, Madhya Pradesh, India – 484330
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of MB Power (Madhya Pradesh) 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 MB Power (Madhya Pradesh) 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 MB Power (Madhya Pradesh) Limited, buy the company report.
Financials of MB Power (Madhya Pradesh) Limited
FY 2025 filings availableMB Power (Madhya Pradesh) Limited reported revenue of ₹4,346.59 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 1% growth in the latest year. EBITDA rose 31% 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 | ₹1,744.07 Cr | ||||
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| Net Profit (PAT) | ₹585.3 Cr | ||||
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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 | 40.1% | ||||
| Net Profit Margin | 13.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of MB Power (Madhya Pradesh) Limited, buy the company report.
Board of directors and KMP of MB Power (Madhya Pradesh) Limited
MB Power (Madhya Pradesh) Limited currently reports 6 directors and 2 key managerial personnel. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jasmeen Kaur Also directs: Ferragamo Retail India Private Limited | Nominee Director | 15 Jul 2019 | 7 Years 3 Months | Current |
| Hemant Sahai Also directs: Polyplex Corporation Limited, Acme Solar Holdings Limited, Sael Solar P4 Private Limited and 5 more | Director | 17 Jul 2020 | 6 Years 3 Months | Current |
| Seema Joshi | Director | 22 Sep 2020 | 6 Years 1 Months | Current |
| Rajarangamani Gopalan | Director | 12 Dec 2018 | 7 Years 10 Months | Current |
| Sunil Kumar Nagar | Company Secretary | 18 Mar 2020 | 6 Years 7 Months | Current |
| Anand Deshpande | Whole-Time Director | 19 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
MB Power (Madhya Pradesh) Limited is compared with the 9 companies closest to it by revenue in the Power industry (Thermal Power Plants), 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 |
|---|---|---|---|---|---|---|
| Sasan Power Limited | ₹4,887.52 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Andhra Pradesh Power Development Company Ltd | ₹4,761.67 Cr (FY 2024) | 71.0% | Hyderabad, Telangana, India | |||
| Il&Fs Tamil Nadu Power Company Limited | ₹4,572.59 Cr (FY 2025) | -9.0% | Chennai, Tamil Nadu, India | |||
| Nabha Power Limited | ₹4,487.13 Cr (FY 2025) | 3.0% | Rajpura, Punjab, India | |||
| MB Power (Madhya Pradesh) Limitedthis company | ₹4,346.59 Cr (FY 2025) | ₹585.3 Cr | 13.5% | 1.0% | 1,833 | Anuppur, Madhya Pradesh, India |
| Mahan Energen Limited | ₹4,219.97 Cr (FY 2025) | 11.0% | Gandhinagar, Gujarat, India | |||
| Jhajjar Power Limited. | ₹4,108.77 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Diliigent Power Private Limited | ₹4,100.46 Cr (FY 2024) | 14.0% | Bhopal, Madhya Pradesh, India | |||
| Ntpc-Sail Power Company Limited | ₹4,082.81 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| R.K.M Powergen Private Limited | ₹4,054.92 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of MB Power (Madhya Pradesh) Limited, buy the company report.
Auditor
MB Power (Madhya Pradesh) Limited is audited by R.C. Kapoor & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.C. Kapoor & Co. | FY 2022 | 01944N |
Shareholding
The shareholding of MB Power (Madhya Pradesh) Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 MB Power (Madhya Pradesh) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2025 | 101063592 | Indian Overseas Bank | ₹250 Cr | Open | |
| 19 May 2011 | 10291633 | Axis Bank Limited | ₹250 Cr | Open | |
| 28 Dec 2010 | 10265623 | Others | ₹4,707.86 Cr | Open | |
| 05 Aug 2020 | 100356295 | Others | ₹40 Cr | Satisfied | |
| 09 Jul 2010 | 10230309 | State Bank of India | ₹60 Cr | Satisfied |
To see the full charge records of MB Power (Madhya Pradesh) Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
MB Power (Madhya Pradesh) Limited has 16 deals on record (13 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹1,632.64 Cr; the latest was in December 2022.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Funding round · Series B | ₹154.06 Cr | Investors: Hindustan Thermalprojects Limited |
| Mar 2014 | Funding round · Series B | ₹113.61 Cr | Investors: Hindustan Thermalprojects Limited |
| Sep 2013 | Funding round · Series B | ₹170.33 Cr | Investors: Hindustan Thermalprojects Limited |
| May 2013 | Funding round · Series B | ₹31.9 Cr | Investors: Hindustan Thermalprojects Limited |
| Aug 2012 | Funding round · Series B | ₹98.16 Cr | Investors: Hindustan Thermalprojects Limited |
To see the full deal history of MB Power (Madhya Pradesh) 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
MB Power (Madhya Pradesh) Limited has 68 court cases on record: 47 filed by MB Power (Madhya Pradesh), 21 filed against it. 22 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 7 | 14 |
| Supreme Court | 12 | 10 | 6 |
| District courts | 3 | 2 | 0 |
| NCLAT | 2 | 1 | 1 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Aryan Renewable Energy Private Pvt. Ltd | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Vedanta Limited (Now Known As Vedanta Aluminium Metal Limited) | Pending |
| NCLT, NCLT Indore | Court case (C.P.(CAA)) | Filed against the company by Solitaire Powertech Private Limited | Pending |
| High Court of Delhi | Writ petition | Filed by the company against PFC Consulting Limited & Ors. | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by PTC India Limited Rep. by Its Executive Director Harish Saran Reg. Office at 2Nd Floor, NBCC Tower, 15 Bhikaji Cama Place ,New Delhi , Delhi | Pending |
To see the full case history of MB Power (Madhya Pradesh) 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
MB Power (Madhya Pradesh) Limited was last rated by Care on 01 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Sep 2021 |
To see the full credit ratings and regulatory alerts of MB Power (Madhya Pradesh) Limited, buy the company report.
MSME payment delays
MB Power (Madhya Pradesh) Limited has 26 MSME Form 1 returns on record between 2017 and 2023, listing 220 overdue payments to 90 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 (5 of 90)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Bajrang Realcon & Transport Co. | |||
| Sendoz Impex Limited | |||
| Mahakal Coal Transport Private Limited | |||
| an individual supplier |
To see the full MSME payment records of MB Power (Madhya Pradesh) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
MB Power (Madhya Pradesh) Limited has a workforce of 1,833 employees on its EPFO records as of Jul 05, 2024, across 1 active EPFO establishment.
GST
MB Power (Madhya Pradesh) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCM6698A1ZH | Madhya Pradesh | Active | 01 Jul 2017 |
| 07AAFCM6698A1ZB | Delhi | Active | 14 Jul 2017 |
To see the full GST registrations and return filing status of MB Power (Madhya Pradesh) Limited, buy the company report.
Recent activity
MB Power (Madhya Pradesh) Limited has 56 board changes on record since 2008: 32 appointments and 24 cessations. The latest: Anand Deshpande was appointed as Whole-Time Director on 19 Nov 2025.
59 earlier events are in the company report.
News
Frequently asked questions
MB Power (Madhya Pradesh) is an active public limited company based in Anuppur, Madhya Pradesh, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 19 June 2008 (18+ years old) and is registered under CIN U40101MP2008PLC022066.
MB Power (Madhya Pradesh) has 8 current directors and KMP:
- Anand Deshpande - Whole-Time Director
- Jasmeen Kaur - Nominee Director
- Hemant Sahai - Director
- Seema Joshi - Director
- Rajarangamani Gopalan - Director
- Edward Michael Bourgoin - Nominee Director
- Sunil Kumar Nagar - Company Secretary
- Chintan Gopalbhai Gupta - Cfo
The latest financial statements of MB Power (Madhya Pradesh) 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 MB Power (Madhya Pradesh) is 23AAFCM6698A1ZH, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAFCM6698A1ZB (Delhi).
The CIN (Corporate Identification Number) of MB Power (Madhya Pradesh) is U40101MP2008PLC022066. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MB Power (Madhya Pradesh) has 68 court cases on record: 47 filed by the company and 21 filed against it. 22 are pending. Most are in the high courts.
MB Power (Madhya Pradesh) was incorporated on 19 June 2008, making it 18+ years old. It is registered with the Registrar of Companies, Gwalior.
MB Power (Madhya Pradesh) has 16 deals on record (13 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹1,632.64 Cr; the latest was in December 2022.
The peers of MB Power (Madhya Pradesh) by revenue are Sasan Power Limited, Andhra Pradesh Power Development Company Ltd, Il&Fs Tamil Nadu Power Company Limited, Nabha Power Limited, Mahan Energen Limited and 4 more, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Anand Deshpande was appointed as Whole-Time Director on 19 Nov 2025. Chintan Gopalbhai Gupta was appointed as CFO on 11 Sep 2025. Basanta Kumar Mishra ceased to be Whole-Time Director on 08 Jul 2025. MB Power (Madhya Pradesh) has 56 board changes on record in total.
MB Power (Madhya Pradesh) has 26 MSME Form 1 returns on record between 2017 and 2023, listing 220 overdue payments to 90 micro and small suppliers. The latest return was filed on 29 Aug 2023.
MB Power (Madhya Pradesh) can be reached through the website hindustanpowerprojects.com. Its registered office is in Anuppur, Madhya Pradesh, India.
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