DPIIT recognised startup Government of India
Startup India
Mitarsh Energy Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹47.73 Cr
▲ 22% YoY
Net profit · FY 2024
₹1.04 Cr
Net margin 2.2%
EBITDA · FY 2024
₹1.78 Cr
EBITDA margin 3.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Satisfied charges
₹40 Lakh
No open charges
Company age
9 yrs
Est. 2017
Employees · EPFO
938
Provident fund records
About Mitarsh Energy Private Limited
Data last updated:
Mitarsh Energy Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the power epc segment of the energy and power sector. It was incorporated on 01 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2017PTC096021. Its GSTIN is 24AAKCM8706C1ZL (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Nareshkumar Laljibhai Patel and Lalita Nareshkumar Patel.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹47.73 Cr, a growth of 22% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 2.2%) and EBITDA of ₹1.78 Cr (EBITDA margin 3.7%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 65% over five years.
The company has about 938 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mitarsh Energy. As per MCA filings, the company has satisfied charges of ₹40 Lakh on record. Court records list 2 cases involving the company, including 2 filed against it; 1 case is pending.
Mitarsh Energy Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0086351). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mitarsh.com.
Company Details of Mitarsh Energy Private Limited
CIN U29309GJ2017PTC096021
Registration Number 096021
Incorporation Date 01 March 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0086351
Recognitions & Rankings of Mitarsh Energy
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0086351
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressD – 307 Ganesh Glory – 11 Near Bsnloffice Jagatpur Chenpur Road Jagatpur Ta: Daskr, Oi, Ahmedabad, Gujarat, India – 382470
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
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Associated Brands with Mitarsh Energy Private Limited
Mitarsh Energy operates one associated brand: Mitarsh Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides operations and maintenance for solar and wind energy plants in India. | mitarsh.com |
Business Activity of Mitarsh Energy Private Limited
The main business activity of Mitarsh Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Mitarsh Energy Private Limited FY 2024 filings available
Mitarsh Energy Private Limited reported revenue of ₹47.73 Cr (up 22% YoY) for FY 2024.
Revenue · FY 2024
₹47.73 Cr ▲ 22%
Net profit · FY 2024
₹1.04 Cr margin 2.2%
EBITDA · FY 2024
₹1.78 Cr margin 3.7%
Compounded Annual Growth Rate (CAGR) of Mitarsh Energy Private Limited
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 37%
5 years · compounded
▲ 65%
EBITDA CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 36%
5 years · compounded
▲ 62%
Revenue has grown at a compounded annual rate (CAGR) of 65% over five years, including 22% growth in the latest year. EBITDA rose 53% 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 Mitarsh Energy Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.78 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 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 Mitarsh Energy Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| 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 Mitarsh Energy are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
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Board of Directors of Mitarsh Energy Private Limited
Mitarsh Energy has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nareshkumar Laljibhai Patel | Director | 01 Mar 2017 | 9 Years 7 Months | Current |
| Lalita Nareshkumar Patel | Director | 01 Mar 2017 | 9 Years 7 Months | Current |
Peer Comparison of Mitarsh Energy Private Limited
Mitarsh Energy Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trio Solar Private Limited | ₹48.28 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Chennai, Tamil Nadu, India |
| Creative Power Engineers Private Limited | ₹48.16 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Karnataka, India |
| Synergy Power Private Limited | ₹47.96 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Kolkata, West Bengal, India |
| Silres Energy Solutions Private Limited | ₹47.79 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Chennai, Tamil Nadu, India |
| G.K.Power Transmission Company Private Limited | ₹47.75 Cr (FY 2016) | •••• | •••• | 17.0% | •••• | Nagpur, Maharashtra, India |
| Mitarsh Energy Private Limited this company | ₹47.73 Cr (FY 2024) | •••• | •••• | 22.0% | •••• | Ahmedabad, Gujarat, India |
| Chaitanya Energy Private Limited | ₹47.26 Cr (FY 2022) | •••• | •••• | -46.0% | •••• | Warangal, Telangana, India |
| Atnu Solar Private Limited | ₹46.7 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Swid Renewables Limited | ₹46.6 Cr (FY 2024) | •••• | •••• | 67.0% | •••• | Pune, Maharashtra, India |
| Electrokings Projects Private Limited | ₹46.59 Cr (FY 2025) | •••• | •••• | 206.0% | •••• | Jorhat, Assam, India |
| Fathima Engineering Company Private Limited | ₹46.48 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Vilavancode, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Mitarsh Energy by revenue in the Power industry (EPC, BoP and BTG), 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 Mitarsh Energy Private Limited
Mitarsh Energy Private Limited is audited by D. B. PATEL & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D. B. PATEL & CO. | 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 Mitarsh Energy Private Limited
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Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Mitarsh Energy Private Limited
Open charges
None
Satisfied charges
₹40 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 May 2018 | Indnian Overseas Bank | ₹40 Lakh | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Mitarsh Energy Private Limited
Mitarsh Energy Private Limited has 2 court cases on record: 2 filed against it. 1 case is pending and 1 is disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Total cases
2
Filed against the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Solapur, Maharashtra | Criminal miscellaneous application | Filed against the company by State Represented | Pending |
| District court, Bhavnagar, Gujarat | Criminal complaint | Filed against the company by an individual | Disposed |
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Full case history
All 2 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.
Employees and EPFO Compliance at Mitarsh Energy Private Limited
Mitarsh Energy Private Limited has a workforce of 938 employees as of Apr 07, 2024.
Employee count
938
Active EPFO establishments
1
Employee growth
17.1%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Mitarsh Energy Private Limited
Mitarsh Energy Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Lalita Nareshkumar Patel was appointed as Director on 01 Mar 2017.
AGM
Mitarsh Energy Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Mitarsh Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 03 May 2018 via Charge ID 100178413 with Indnian Overseas Bank was fully satisfied on 24 Sep 2021.
Charges
A charge with Indnian Overseas Bank amounted to Rs. 40.00 Lakh with Charge ID 100178413 was registered on 03 May 2018.
Appointed
Lalita Nareshkumar Patel was appointed as Director.
Appointed
Nareshkumar Laljibhai Patel was appointed as Director.
Incorporation
01 Mar 2017
Mitarsh Energy Private Limited was registered on 01 Mar 2017 with Roc Ahmedabad & aged 9 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Mitarsh Energy Private Limited
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MSME Payment Delays by Mitarsh Energy Private Limited
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Subsidiaries & Group Companies of Mitarsh Energy 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 Mitarsh Energy Private Limited
Mitarsh Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM8706C1ZL | Gujarat | Active | 01 Jul 2017 |
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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 Mitarsh Energy Private Limited
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Frequently Asked Questions about Mitarsh Energy Private Limited
Mitarsh Energy is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 01 March 2017 (9+ years old) and is registered under CIN U29309GJ2017PTC096021.
Mitarsh Energy reported revenue of ₹47.73 Cr for FY 2024 (up 22% YoY).
Mitarsh Energy has 2 current directors:
- Nareshkumar Laljibhai Patel - Director
- Lalita Nareshkumar Patel - Director
Mitarsh Energy reported a net profit of ₹1.04 Cr (net margin 2.2%) and EBITDA of ₹1.78 Cr (EBITDA margin 3.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mitarsh Energy is 37% over three years and 65% over five years. In the latest year (FY 2024) revenue rose 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mitarsh Energy is 24AAKCM8706C1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Mitarsh Energy is U29309GJ2017PTC096021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mitarsh Energy has 2 court cases on record: 2 filed against it. 1 is pending.
Mitarsh Energy was incorporated on 01 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mitarsh Energy by revenue are Trio Solar Private Limited, Creative Power Engineers Private Limited, Synergy Power Private Limited, Silres Energy Solutions Private Limited, G.K.Power Transmission Company Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).
Lalita Nareshkumar Patel was appointed as Director on 01 Mar 2017. Nareshkumar Laljibhai Patel was appointed as Director on 01 Mar 2017.