About Regen Powertech Private Limited
Data last updated:
Regen Powertech Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Nsl Power Equipment Trading Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 27 December 2006.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U40109TN2006PTC085606. Its GSTIN is 33AADCR5531M1ZA (Tamil Nadu). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹255.3 Cr and a paid-up capital of ₹248.76 Cr. It is led by directors including Balram Mehta and Kailash Vasant Vaswani.
Its last annual general meeting (AGM) was held on 29 December 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Sivanandam 1st Floor New No.1 Pulla Avenue Shenoy Nagar, Chennai, Tamil Nadu, India – 600030.
As per the financials filed for FY 2017, the company reported a revenue of ₹2,140.13 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹10.66 Cr (net margin 0.5%) and EBITDA of ₹275 Cr (EBITDA margin 12.8%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
The company has about 297 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 1 brand: ReGen Powertech. As per MCA filings, the company has open charges of ₹4,338.4 Cr and satisfied charges of ₹1,317 Cr on record. Court records list 286 cases involving the company, including 87 filed by the company and 201 filed against it; 65 cases are pending. The company has 12 deals on record (7 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹375.49 Cr; the latest was in January 2017.
The last known website on record is regenpowertech.com.
Company details
CIN history
Regen Powertech has one previous CIN (Corporate Identification Number): U40109AP2006PTC052129. The current CIN is U40109TN2006PTC085606, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109TN2006PTC085606 | Current |
| U40109AP2006PTC052129 | Previous |
Contact details
Regen Powertech Private Limited's registered office is in Chennai, Tamil Nadu. Its website is regenpowertech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSivanandam 1st Floor New No.1 Pulla Avenue Shenoy Nagar, Chennai, Tamil Nadu, India – 600030
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Regen Powertech Private 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
Brands
Regen Powertech operates one associated brand: ReGen Powertech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wind turbines and components are manufactured in Chennai, India. | regenpowertech.com |
Business activity
The main business activity of Regen Powertech 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 Regen Powertech Private Limited, buy the company report.
Financials of Regen Powertech Private Limited
FY 2017 filings availableRegen Powertech Private Limited reported revenue of ₹2,140.13 Cr (down 36% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 36% fall in the latest year. EBITDA fell 22% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹2,140.13 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹275 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹10.66 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 | 12.8% | ||
| Net Profit Margin | 0.5% | ||
| 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 Regen Powertech Private Limited, buy the company report.
Board of directors of Regen Powertech Private Limited
Regen Powertech has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balram Mehta Also directs: Optis Energy Private Limited, Renew Wind Energy (Jath) Limited, Renew Wind Energy (Welturi) Private Limited and 5 more | Director | 02 Mar 2022 | 4 Years 7 Months | As last reported |
| Kailash Vasant Vaswani | Director | 02 Mar 2022 | 4 Years 7 Months | As last reported |
| Renukadevi Rangaswamy | Irp/Rp/Liquidator | 24 Nov 2023 | 2 Years 11 Months | As last reported |
Auditor
Regen Powertech Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2017 | 117366 |
Shareholding
The shareholding of Regen Powertech Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Regen Powertech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2018 | 100157855 | State Bank of India | ₹3.4 Cr | Open | |
| 12 Feb 2016 | 10625293 | Others | ₹1,490 Cr | Open | |
| 21 Aug 2015 | 10590287 | Idbi Trusteeship Services Limited | ₹375 Cr | Open | |
| 31 Jan 2014 | 10474837 | State Bank of India | ₹50 Cr | Open | |
| 09 Jan 2013 | 10397973 | Standard Chartered Bank | ₹80 Cr | Open |
To see the full charge records of Regen Powertech Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Regen Powertech Private Limited has 12 deals on record (7 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹375.49 Cr; the latest was in January 2017.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: NSL Power Equipment Trading Private Limited Seller: Idfc Limited |
| Aug 2012 | Funding round | ₹30 Cr | Investors: Idfc Limited |
| Aug 2012 | Debt financing | ₹70 Cr | Investors: Idfc Limited |
| Dec 2011 | Funding round | ₹1.32 Cr | Investors: NSL Power Equipment Trading Private Limited |
| Dec 2007 | Funding round | ₹17.17 Cr | Investors: NSL Power Equipment Trading Private Limited |
To see the full deal history of Regen Powertech Private 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
Regen Powertech Private Limited has 286 court cases on record: 87 filed by Regen Powertech, 201 filed against it. 65 cases are pending and 221 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 115 | 57 | 28 |
| NCLAT | 86 | 74 | 26 |
| NCLT | 49 | 45 | 0 |
| District courts | 28 | 19 | 10 |
| Supreme Court | 8 | 6 | 1 |
Cases on record (5 of 286)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Prudent Arc Limited | Pending |
| NCLAT, NCLAT Chennai | Insolvency matter | Filed against the company by Prudent Arc Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Echanda Urja Pvt Ltd | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by M/S. Regen Infrastructure and Services Private Limited | Pending |
| NCLAT, Court I | Tribunal matter | Filed against the company by Clean Wind Power (Devgarh) Private Limited Company | Pending |
To see the full case history of Regen Powertech Private 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
Regen Powertech Private Limited was last rated by Icra on 27 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 27 Dec 2021 |
To see the full credit ratings and regulatory alerts of Regen Powertech Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Regen Powertech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Regen Powertech has 11 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Renewable Energy (Phoolwadi) Private Limited | U37200TN2013PTC092207 | |
| Mandsaur Wind Energy Private Limited | U37200TN2013PTC093790 | |
| Regen O&M Services Limited | U40102TN2008PLC069103 | |
| Regen Infrastructure and Services Private Limited | U40106TN2008PTC065937 | |
| Marthanda Wind Power Ap Private Limited | U40108TG2013PTC087549 | |
| Renewable Harness Energy Private Limited | U40108TN2012PTC086306 |
To see the full group structure of Regen Powertech Private Limited, buy the company report.
Employees & EPFO
Regen Powertech Private Limited has a workforce of 297 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Regen Powertech has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCR5531M1ZA | Tamil Nadu | Active | 01 Jul 2017 |
| 08AADCR5531M1Z3 | Rajasthan | Active | 01 Jul 2017 |
| 23AADCR5531M1ZB | Madhya Pradesh | Active | 01 Jul 2017 |
| 24AADCR5531M1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Regen Powertech Private Limited, buy the company report.
Recent activity
Regen Powertech Private Limited has 24 board changes on record since 2007: 3 appointments and 21 cessations. The latest: Renukadevi Rangaswamy was appointed as Irp/Rp/Liquidator on 24 Nov 2023.
59 earlier events are in the company report.
News
Frequently asked questions
Regen Powertech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Regen Powertech is a company under insolvency, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 27 December 2006 and is registered under CIN U40109TN2006PTC085606. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Regen Powertech has 3 current directors:
- Balram Mehta - Director
- Kailash Vasant Vaswani - Director
- Renukadevi Rangaswamy - Irp/Rp/Liquidator
The latest financial statements of Regen Powertech on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 December 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Regen Powertech is U40109TN2006PTC085606. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Regen Powertech has open charges of ₹4,338.4 Cr and satisfied charges of ₹1,317 Cr as per latest MCA filings.
Regen Powertech has 286 court cases on record: 87 filed by the company and 201 filed against it. 65 are pending. Most are in the high courts.
Regen Powertech was incorporated on 27 December 2006. It is registered with the Registrar of Companies, Chennai.
Regen Powertech has 12 deals on record (7 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹375.49 Cr; the latest was in January 2017.
Renukadevi Rangaswamy was appointed as Irp/Rp/Liquidator on 24 Nov 2023. Balram Mehta was appointed as Director on 02 Mar 2022. Kailash Vasant Vaswani was appointed as Director on 02 Mar 2022. Regen Powertech has 24 board changes on record in total.