About Monnet Power Company Limited
Data last updated:
Monnet Power Company Limited is a public limited company based in Raipur, Chhattisgarh, India, a subsidiary of Monnet Ispat And Energy Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 29 January 2007.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U01403CT2007PLC020179. Its GSTIN is 21AAFCM0061R1ZH (Odisha). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2,010 Cr and a paid-up capital of ₹787.48 Cr. It is led by directors including Bibhudutta Mohapatra (Whole-Time Director) and Jagdamba Prasad Lath.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Monnet Marg Mandir Hasaud, Raipur, Chhattisgarh, India – 492101.
As per the financials filed for FY 2017, the company reported a revenue of ₹94.41 Lakh, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹26.53 Cr and EBITDA of -₹12.96 Cr.
The company has about 112 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5,166.5 Cr and satisfied charges of ₹5,279 Cr on record. Court records list 17 cases involving the company, including 8 filed by the company and 9 filed against it; 2 cases are pending. The company has 8 deals on record (4 acquisitions, 4 funding rounds), with disclosed funding of ₹667.52 Cr; the latest was in December 2022. Its 10 peer companies in the Power industry (Thermal Power Plants) are compared by revenue, 5 larger and 5 smaller; the largest is Manira Energy Private Limited with revenue of ₹1.2 Cr.
The last known website on record is monnetgroup.com.
Company details
Contact details
Monnet Power Company Limited's registered office is in Raipur, Chhattisgarh. Its website is monnetgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressMonnet Marg Mandir Hasaud, Raipur, Chhattisgarh, India – 492101
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Monnet Power Company 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
Financials of Monnet Power Company Limited
FY 2017 filings availableMonnet Power Company Limited reported revenue of ₹94.41 Lakh (down 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA rose 50% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹94.41 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹12.96 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹26.53 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Monnet Power Company Limited, buy the company report.
Board of directors of Monnet Power Company Limited
Monnet Power Company has 5 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagdamba Prasad Lath | Director | 14 Aug 2015 | 11 Years 2 Months | As last reported |
| Suman Jyoti Khaitan Also directs: RSWM Limited, Maral Overseas Limited, Khaitan Chemicals and Fertilizers Limited and 3 more | Director | 24 Jan 2011 | 15 Years 9 Months | As last reported |
| Babika Goel Also directs: MPDL Limited | Director | 29 May 2015 | 11 Years 4 Months | As last reported |
| Bibhudutta Mohapatra Also directs: Amb Steels Private Limited | Whole-Time Director | 14 Sep 2016 | 10 Years 1 Months | As last reported |
| Sandeep Kumar Jajodia Also directs: Nikita Professional Services LLP | Director | 29 Jan 2007 | 19 Years 8 Months | As last reported |
Peer comparison
Monnet Power Company Limited is compared with the 10 companies closest to it by revenue in the Power industry (Thermal Power Plants), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Manira Energy Private Limited | ₹1.2 Cr (FY 2025) | -86.0% | Hyderabad, Telangana, India | |||
| Konaseema Gas Power Limited | ₹1.18 Cr (FY 2018) | -6.0% | ||||
| Hare Rama Extraction Private Limited | ₹1.11 Cr (FY 2025) | 1181.0% | Bilaspur, Chhattisgarh, India | |||
| Cuddalore Powergen Corporation Limited | ₹1.08 Cr (FY 2025) | 2999.0% | Chennai, Tamil Nadu, India | |||
| Madhucon Energy Private Limited | ₹1.02 Cr (FY 2023) | Road Hubilee Hillsbad, Telangana, India | ||||
| Monnet Power Company Limitedthis company | ₹94.41 Lakh (FY 2017) | -₹26.53 Cr | -8.0% | 112 | Raipur, Chhattisgarh, India | |
| Agata Energy & Infrastructure Limited | ₹71.82 Lakh (FY 2022) | -84.0% | Hyderabad, Telangana, India | |||
| Tropo Energy Private Limited | ₹67.42 Lakh (FY 2025) | 52.0% | Nagpur, Maharashtra, India | |||
| Madhya Bharat Papers Limited | ₹62.68 Lakh (FY 2023) | -54.0% | Janjgir-Champa, Chhattisgarh, India | |||
| Sai Lilagar Power Generation Limited | ₹60 Lakh (FY 2025) | Hyderabad, Telangana, India | ||||
| Tuticorin Solar Projects Private Limited | ₹55.57 Lakh (FY 2025) | 950.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Monnet Power Company Limited, buy the company report.
Auditor
Monnet Power Company Limited is audited by O P BAGLA & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| O P BAGLA & CO | FY 2017 | 000018N |
Shareholding
The shareholding of Monnet Power Company Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Monnet Power Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Mar 2015 | 10560262 | Others | ₹200 Cr | Open | |
| 08 Jul 2013 | 10439646 | Il & Fs Trust Company Limited | ₹350 Cr | Open | |
| 26 Mar 2013 | 10413996 | Axis Bank Limited | ₹200 Cr | Open | |
| 24 Jan 2012 | 10331356 | Aditya Birla Finance Limited | ₹100 Cr | Open | |
| 09 Jan 2012 | 10327726 | Icici Bank Limited | ₹397.5 Cr | Open |
To see the full charge records of Monnet Power Company Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Monnet Power Company Limited has 8 deals on record (4 acquisitions, 4 funding rounds), with disclosed funding of ₹667.52 Cr; the latest was in December 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Acquisition | ₹410 Cr | Buyer: Jindal Steel Limited |
| Feb 2013 | Funding round | ₹205.17 Cr | Investors: JSW Ispat Special Products Limited |
| Nov 2012 | Funding round · Series B | ₹116.33 Cr | Investors: Blackstone Advisors India, JSW Ispat Special Products Limited |
| Mar 2010 | Acquisition | ₹267.18 Cr | Buyer: JSW Ispat Special Products Limited |
| Mar 2009 | Acquisition | ₹30.87 Cr | Buyer: JSW Ispat Special Products Limited |
To see the full deal history of Monnet Power Company 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
Monnet Power Company Limited has 17 court cases on record: 8 filed by Monnet Power Company, 9 filed against it. 2 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 1 |
| Supreme Court | 6 | 6 | 1 |
| District courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Bharat Heavy Electricals Ltd. Through Its Exeuctive Director (Power Sector Maketing Division) Bhel House, Siri Fort, New Delhi Asian Games Village ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by GMR Kamalanga Energy Limited Through Its Authorized Representative Skip House, 25/1, Museum Road, ,Bangalore , Karnataka | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Indure Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I)) | Filed against the company by Drake & Scull Water & Energy India Pvt. Ltd | Disposed |
| District court, North West, Delhi | Civil suit | Filed by the company against Ms Triveni Electrofab P.Ltd. | Disposed |
To see the full case history of Monnet Power Company 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 Monnet Power Company Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Monnet Power Company Limited has a workforce of 112 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Monnet Power Company has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAFCM0061R1ZH | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Monnet Power Company Limited, buy the company report.
Recent activity
Monnet Power Company Limited has 21 board changes on record since 2007: 5 appointments and 16 cessations. The latest: Suman Jyoti Khaitan ceased to be Director on 05 Oct 2018.
30 earlier events are in the company report.
News
Frequently asked questions
Monnet Power Company is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Monnet Power Company is a company under liquidation, formerly operating as a public limited company based in Raipur, Chhattisgarh, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 29 January 2007 and is registered under CIN U01403CT2007PLC020179. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Monnet Power Company has 5 current directors:
- Bibhudutta Mohapatra - Whole-Time Director
- Jagdamba Prasad Lath - Director
- Suman Jyoti Khaitan - Director
- Babika Goel - Director
- Sandeep Kumar Jajodia - Director
The latest financial statements of Monnet Power Company on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Monnet Power Company is U01403CT2007PLC020179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Monnet Power Company has open charges of ₹5,166.5 Cr and satisfied charges of ₹5,279 Cr as per latest MCA filings.
Monnet Power Company has 17 court cases on record: 8 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
Monnet Power Company was incorporated on 29 January 2007. It is registered with the Registrar of Companies, Chhattisgarh.
Monnet Power Company has 8 deals on record (4 acquisitions, 4 funding rounds), with disclosed funding of ₹667.52 Cr; the latest was in December 2022.
The peers of Monnet Power Company by revenue are Manira Energy Private Limited, Konaseema Gas Power Limited, Hare Rama Extraction Private Limited, Cuddalore Powergen Corporation Limited, Madhucon Energy Private Limited and 5 more, all in the Power industry (Thermal Power Plants).
Suman Jyoti Khaitan ceased to be Director on 05 Oct 2018. Amit Dixit ceased to be Director on 06 Dec 2016. Sumit Kapoor ceased to be Cfo(Kmp) on 30 Nov 2016. Monnet Power Company has 21 board changes on record in total.