India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,608 Pawan Agarwal ₹1,200 Cr
- #1,608 Girish Agarwal ₹1,200 Cr
Revenue · FY 2025
₹3,946.98 Cr
▼ 4% YoY
Net profit · FY 2025
₹843.95 Cr
Net margin 21.4%
EBITDA · FY 2025
₹1,862.78 Cr
EBITDA margin 47.2%
Authorised capital
₹6,500 Cr
Registered with MCA
Paid-up capital
₹790.46 Cr
Issued & subscribed
Open charges
₹5,732 Cr
Satisfied ₹9,782.51 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
533
Provident fund records
About D B Power Limited
Data last updated:
D B Power Limited is a public limited company based in Bhopal, Madhya Pradesh, India, a subsidiary of Diliigent Power Private Limited. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 12 October 2006 and has been in existence for over 20 years.
Its director Pawan Agarwal is #1,608 among India's richest people (2026). Its director Girish Agarwal is #1,608 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U40109MP2006PLC019008. Its GSTIN is 23AACCD5475F1ZU (Madhya Pradesh). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹6,500 Cr and a paid-up capital of ₹790.46 Cr. It is led by directors including Sumit Ranjan Chakraborty (Whole-Time Director) and Manoj Bahety.
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 Park, Bhopal, Madhya Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,946.98 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹843.95 Cr (net margin 21.4%) and EBITDA of ₹1,862.78 Cr (EBITDA margin 47.2%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 5% over five years.
The company has about 533 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5,732 Cr and satisfied charges of ₹9,782.51 Cr on record. Court records list 143 cases involving the company, including 71 filed by the company and 72 filed against it; 29 cases are pending. The company has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,897.33 Cr; the latest was in March 2023. Its 10 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, 5 larger and 5 smaller; the largest is Jhajjar Power Limited. with revenue of ₹4,108.77 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 diliigentpower.com.
Company details
CIN U40109MP2006PLC019008
Registration Number 019008
Incorporation Date 12 October 2006
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Diliigent Power Private Limited
Compliance Status Active Compliant
Recognitions & Rankings of D B Power
Contact details
D B Power Limited's registered office is in Bhopal, Madhya Pradesh. Its website is diliigentpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice Block 1A 5th Floor Corporate Block Db City – Park Db City Arera Hills Opp Mp Nagar, Zone – I, Bhopal, Madhya Pradesh, India – 462016
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of D B Power Limited, buy the company report.
Comprehensive company report
D B Power Limited - one report that includes everything
- 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
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Business activity
The main business activity of D B Power 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 D B Power Limited, buy the company report.
Financials of D B Power Limited
FY 2024 filings availableD B Power Limited reported revenue of ₹3,946.98 Cr (down 4% YoY) for FY 2025.
Revenue · FY 2025
₹3,946.98 Cr ▼ 4%
Net profit · FY 2025
₹843.95 Cr margin 21.4%
EBITDA · FY 2025
₹1,862.78 Cr margin 47.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 4%
3 years · compounded
▲ 4%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 5%
5 years · compounded
▲ 6%
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 3% 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 | ₹1,862.78 Cr | ||||
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| Net Profit (PAT) | ₹843.95 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 | 47.2% | ||||
| Net Profit Margin | 21.4% | ||||
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To see the full financial statements and ratios of D B Power Limited, buy the company report.
Board of directors and KMP of D B Power Limited
D B Power Limited currently reports 7 directors and 1 key managerial person. 29 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Bahety Also directs: DB Power (Madhya Pradesh) Limited, Akshay Procon LLP, India United Textile Mill Limited and 4 more | Director | 08 Jun 2020 | 6 Years 4 Months | Current |
| Shyam Prasad Nandan Also directs: DB Power (Madhya Pradesh) Limited | Director | 08 May 2023 | 3 Years 5 Months | Current |
| Mangilal Kumavat | Cfo | 27 Sep 2022 | 4 Years 0 Months | Current |
| Pawan Agarwal | Director | 27 Aug 2007 | 19 Years 1 Months | Current |
| Sumit Ranjan Chakraborty | Whole-Time Director | 15 Mar 2019 | 7 Years 7 Months | Current |
| Namita Agarwal | Director | 30 Mar 2010 | 16 Years 6 Months | Current |
Showing 6 of 8 current directors and KMP. View all directors and KMP
Peer comparison
D B Power Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| Odisha Power Generation Corporation Limited | ₹4,037.44 Cr (FY 2025) | 8.0% | Bhubaneswar, Odisha, India | |||
| D B Power Limitedthis company | ₹3,946.98 Cr (FY 2025) | ₹843.95 Cr | 21.4% | -4.0% | 533 | Bhopal, Madhya Pradesh, India |
| Jindal India Power Limited | ₹3,733.54 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Bhartiya Rail Bijlee Company Limited | ₹3,667.27 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Rattanindia Power Limited | ₹3,640.6 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Coastal Energen Private Limited | ₹3,640.49 Cr (FY 2024) | 91.0% | Chennai, Tamil Nadu, India | |||
| Nabinagar Power Generating Company Limited | ₹3,521.23 Cr (FY 2022) | 66.0% | New Delhi, Delhi, India |
To see the full peer comparison of D B Power Limited, buy the company report.
Auditor
D B Power Limited is audited by Gupta Mittal & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Gupta Mittal & Co. | FY 2022 | 009973C |
Shareholding
The shareholding of D B Power Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of D B Power Limited, buy the company report.
Charges & borrowings
Open charges
₹5,732 Cr
Satisfied charges
₹9,782.51 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2023 | 100789631 | Sbicap Trustee Company Limited | ₹5,732 Cr | Open | |
| 11 Oct 2022 | 100645563 | Sbicap Trustee Company Limited | ₹446.76 Cr | Satisfied | |
| 14 Aug 2020 | 100372478 | Idbi Bank Limited | ₹25 Cr | Satisfied | |
| 16 Jul 2020 | 100349836 | Others | ₹4.5 Cr | Satisfied | |
| 02 Jul 2020 | 100346277 | Others | ₹6 Cr | Satisfied |
To see the full charge records of D B Power Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
D B Power Limited has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,897.33 Cr; the latest was in March 2023.
Total deals
9
Funding rounds
5
Secondary share transfers
3
Acquisition
1
Disclosed funding
₹1,897.33 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: Global Infrastructure Partners Seller: Diliigent Power Private Limited |
| May 2014 | Funding round | ₹257 Cr | Investors: Diliigent Power Private Limited |
| May 2013 | Funding round | ₹478 Cr | Investors: Diliigent Power Private Limited |
| Dec 2012 | Funding round | ₹215 Cr | Investors: Diliigent Power Private Limited |
| Apr 2011 | Acquisition | ₹529.5 Cr | Buyer: Diliigent Power Private Limited |
To see the full deal history of D B 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
D B Power Limited has 143 court cases on record: 71 filed by D B Power, 72 filed against it. 29 cases are pending and 114 are disposed.
Total cases
143
Filed by the company
71
Filed against the company
72
Pending
29
Disposed
114
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 83 | 34 | 16 |
| District courts | 39 | 27 | 9 |
| Supreme Court | 14 | 10 | 4 |
| NCLAT | 4 | 0 | 0 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 143)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sambalpur, Odisha | Arbitration matter | Filed against the company by Mahanadi Coalfields Ltd | Pending |
| High Court of Orissa | Writ petition | Filed by the company against Coal India Limited, Kolkata and 2 others | Pending |
| High Court of Chhattisgarh | Writ petition | Filed by the company against South Eastern Coalfields Limited (Secl) and 1 other | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by South Eastern Coalfields Ltd | Pending |
| High Court of Chhattisgarh | Court case (MCC) | Filed by the company against Coal India Limited Coal Bhawan and 2 others | Pending |
To see the full case history of D B 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 D B Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
D B Power Limited has a workforce of 533 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
533
Active EPFO establishments
1
Employee growth
-1.66%
GST
D B Power has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCD5475F1ZU | Madhya Pradesh | Active | 01 Jul 2017 |
| 22AACCD5475F1ZW | Chattisgarh | Active | 01 Jul 2017 |
| 27AACCD5475F2ZL | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of D B Power Limited, buy the company report.
Recent activity
D B Power Limited has 35 board changes on record since 2006: 8 appointments and 27 cessations. The latest: Suresh Nagarajan ceased to be CEO on 08 Aug 2025.
Ceased
Suresh Nagarajan ceased to be CEO.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 5,732.00 Cr registered on 05 Sep 2023 with Charge ID 100789631 was modified on 24 Dec 2024.
Ceased
Raunak Gupta ceased to be Nominee Director.
AGM
D B Power Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
D B Power Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.
Charges
A charge registered on 11 Oct 2022 via Charge ID 100645563 with Sbicap Trustee Company Limited was fully satisfied on 19 Dec 2023.
Charges
A charge registered on 05 Mar 2016 via Charge ID 10625633 with Sbicap Trustee Company Limited was fully satisfied on 19 Dec 2023.
Charges
A charge registered on 19 Sep 2015 via Charge ID 10592839 with Sbicap Trustee Company Limited was fully satisfied on 19 Dec 2023.
Charges
A charge registered on 19 Sep 2015 via Charge ID 10592836 with Sbicap Trustee Company Limited was fully satisfied on 19 Dec 2023.
Charges
A charge registered on 25 Jul 2011 via Charge ID 10302403 with Sbicap Trustee Company Limited was fully satisfied on 19 Dec 2023.
Charges
A charge registered on 25 Jul 2011 via Charge ID 10302398 with Sbicap Trustee Company Limited was fully satisfied on 19 Dec 2023.
Charges
A charge registered on 14 Aug 2020 via Charge ID 100372478 with Idbi Bank Limited was fully satisfied on 17 Oct 2023.
69 earlier events are in the company report.
News
Frequently asked questions
D B Power is an active public limited company based in Bhopal, Madhya Pradesh, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 12 October 2006 (20+ years old) and is registered under CIN U40109MP2006PLC019008.
D B Power has 8 current directors and KMP:
- Sumit Ranjan Chakraborty - Whole-Time Director
- Manoj Bahety - Director
- Shyam Prasad Nandan - Director
- Pawan Agarwal - Director
- Namita Agarwal - Director
- Jyoti Agarwal - Director
- Girish Agarwal - Director
- Mangilal Kumavat - Cfo
The latest financial statements of D B 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 D B Power is 23AACCD5475F1ZU, registered in Madhya Pradesh. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 22AACCD5475F1ZW (Chattisgarh), 27AACCD5475F2ZL (Maharashtra).
The CIN (Corporate Identification Number) of D B Power is U40109MP2006PLC019008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D B Power has 143 court cases on record: 71 filed by the company and 72 filed against it. 29 are pending. Most are in the high courts.
D B Power was incorporated on 12 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Gwalior.
D B Power has 9 deals on record (5 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹1,897.33 Cr; the latest was in March 2023.
The peers of D B Power by revenue are Jhajjar Power Limited, Diliigent Power Private Limited, Ntpc-Sail Power Company Limited, R.K.M Powergen Private Limited, Odisha Power Generation Corporation Limited and 5 more, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
Suresh Nagarajan ceased to be CEO on 08 Aug 2025. Raunak Gupta ceased to be Nominee Director on 27 Nov 2024. Rajeev Kalra ceased to be Nominee Director on 01 Aug 2023. D B Power has 35 board changes on record in total.
D B Power can be reached through the website diliigentpower.com. Its registered office is in Bhopal, Madhya Pradesh, India.