About VS Lignite Power Private Limited
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VS Lignite Power Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Stpl Power Services Llp. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 10 October 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40104TG2001PTC045088. Its GSTIN is 36AACCM7306G1ZM (Telangana). The company holds 6 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Marudhar Power Private Limited. It is led by directors including Shishir Kalkonde and Dinesh Kumar Agarwal.
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 Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹286.19 Cr, a decline of 27% compared to the previous year. For the same year it recorded a net profit of ₹19.56 Cr (net margin 6.8%) and EBITDA of ₹45.67 Cr (EBITDA margin 16%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 14% over five years.
The company has about 144 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: VSLP and KSK Power Venture. As per MCA filings, the company has open charges of ₹94.64 Cr and satisfied charges of ₹1,398.33 Cr on record. Court records list 176 cases involving the company, including 97 filed by the company and 79 filed against it; 15 cases are pending. The company has 23 deals on record (10 funding rounds, 9 secondary share transfers, 2 debt financings), with disclosed funding of ₹309.7 Cr; the latest was in May 2021. Its 6 peer companies in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 2 smaller; the largest is Gama Infraprop Private Limited with revenue of ₹343.19 Cr. The company has 31 MSME Form 1 returns on record between 2014 and 2024, listing 422 overdue payments to 73 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 ksk.co.in.
Company details
CIN history
VS Lignite Power has one previous CIN (Corporate Identification Number): U40104AP2001PTC045088. The current CIN is U40104TG2001PTC045088, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40104TG2001PTC045088 | Current |
| U40104AP2001PTC045088 | Previous |
Contact details
VS Lignite Power Private Limited's registered office is in Hyderabad, Telangana. Its website is ksk.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressTrendz Green Plot No. 80, Gafoor Nagar, Hyderabad, Telangana, India – 500081
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of VS Lignite Power 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
Business activity
The main business activity of VS Lignite 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 VS Lignite Power Private Limited, buy the company report.
Financials of VS Lignite Power Private Limited
FY 2024 filings availableVS Lignite Power Private Limited reported revenue of ₹286.19 Cr (down 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 69% 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 | ₹45.67 Cr | ||||
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| Net Profit (PAT) | ₹19.56 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 | 16% | ||||
| Net Profit Margin | 6.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of VS Lignite Power Private Limited, buy the company report.
Board of directors of VS Lignite Power Private Limited
VS Lignite Power has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shishir Kalkonde Also directs: Dekonlak Resources LLP, Sai Bioenergy Private Limited | Director | 14 May 2021 | 5 Years 5 Months | Current |
| Navaluru Venkata Sreenivas Also directs: Sai Bioenergy Private Limited, Sai Bioenergy Chhattisgarh Private Limited, Sai Bioenergy Karnataka Private Limited and 5 more | Additional Director | 04 Jun 2025 | 1 Years 4 Months | Current |
| Sachin Navtosh Jha Also directs: Skcnp Infraparks LLP, 3I Medical Technologies Private Limited, Shekhawati Transmission Service Company Limited and 5 more | Additional Director | 04 Jun 2025 | 1 Years 4 Months | Current |
| Dinesh Kumar Agarwal | Director | 14 May 2021 | 5 Years 5 Months | Current |
Peer comparison
VS Lignite Power Private Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Power Projects), 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 |
|---|---|---|---|---|---|---|
| Gama Infraprop Private Limited | ₹343.19 Cr (FY 2024) | 230.0% | New Delhi, Delhi, India | |||
| Parli Power Transmission Limited | ₹343.14 Cr (FY 2022) | -5.0% | New Delhi, Delhi, India | |||
| Svaryu Energy Limited | ₹324.7 Cr (FY 2023) | 4.0% | Mumbai, Maharashtra, India | |||
| Datta Power Infra Private Limited | ₹297.99 Cr (FY 2025) | 21.0% | Haryana, India | |||
| VS Lignite Power Private Limited this company | ₹286.19 Cr (FY 2025) | ₹19.56 Cr | 6.8% | -27.0% | 144 | Hyderabad, Telangana, India |
| SJVN Green Energy Limited | ₹230.35 Cr (FY 2025) | 193.0% | Shimla, Himachal Pradesh, India | |||
| Renew Wind Energy (Ap 2) Private Limited | ₹227.6 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India |
To see the full peer comparison of VS Lignite Power Private Limited, buy the company report.
Auditor
VS Lignite Power Private Limited is audited by Jawahar and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jawahar and Associates | FY 2023 | 001281S |
Shareholding
The shareholding of VS Lignite Power Private 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 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 VS Lignite Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2024 | 100875760 | Others | ₹30 Cr | Open | |
| 10 Nov 2022 | 100646520 | Hdfc Bank Limited | ₹64.64 Cr | Open | |
| 14 Nov 2018 | 100220035 | Others | ₹68 Cr | Satisfied | |
| 14 Nov 2018 | 100221454 | Others | ₹10 Cr | Satisfied | |
| 27 Aug 2018 | 100210016 | Others | ₹68 Cr | Satisfied |
To see the full charge records of VS Lignite Power Private Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
VS Lignite Power Private Limited has 23 deals on record (10 funding rounds, 9 secondary share transfers, 2 debt financings), with disclosed funding of ₹309.7 Cr; the latest was in May 2021.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2015 | Debt financing | ₹6 Cr | Investors: L&T Fincorp Limited |
| Nov 2014 | Rights issue | ₹60 Cr | Investors: KSK Electricity Financing India Private Limited |
| Mar 2014 | Debt financing | ₹64 Cr | Investors: L&T Fincorp Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: National Engineering Industries Limited , Raajratna Metal Industries Ltd Seller: Modern Insulators Limited , Nuvoco Vistas Corporation Limited |
| Nov 2012 | Funding round | ₹50 Cr | Investors: KSK Electricity Financing India Private Limited , JK Lakshmi Cement Limited , Suzuki Textiles Limited |
To see the full deal history of VS Lignite Power 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
VS Lignite Power Private Limited has 176 court cases on record: 97 filed by VS Lignite Power, 79 filed against it. 15 cases are pending and 161 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 122 | 38 | 8 |
| District courts | 49 | 40 | 2 |
| Supreme Court | 5 | 1 | 5 |
Cases on record (5 of 176)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Arbitration matter | Filed by the company against M/S. Jr Seamless Pvt. Ltd | Disposed |
| High Court, TELANGANA | Arbitration matter | Filed by the company against M/S Totale Global Private Ltd.. | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Original Suit) | Filed against the company by Umbrella Enterprises Private Limited | Disposed |
| High Court of Rajasthan | Appeal | Filed by the company against M/S J K Tyre and Industries Limited | Disposed |
| High Court of Rajasthan | Appeal | Filed by the company against M/S J K Lakshmi Cement Limited | Disposed |
To see the full case history of VS Lignite Power 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
VS Lignite Power Private Limited was last rated by Icra on 28 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Jan 2020 |
To see the full credit ratings and regulatory alerts of VS Lignite Power Private Limited, buy the company report.
MSME payment delays
VS Lignite Power Private Limited has 31 MSME Form 1 returns on record between 2014 and 2024, listing 422 overdue payments to 73 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 73)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Trimax Energy Systems | |||
| Alfred H Knight India Private Limited | |||
| Rambagh Palace Hotel Private Limited | |||
| Brentwood Industries India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of VS Lignite Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
VS Lignite Power has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sai Maithili Power Company Private Limited | U40101TG2002PTC039426 |
To see the full group structure of VS Lignite Power Private Limited, buy the company report.
Employees & EPFO
VS Lignite Power Private Limited has a workforce of 144 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
VS Lignite Power has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCM7306G1ZM | Telangana | Active | 12 Aug 2017 |
| 08AACCM7306G1ZL | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VS Lignite Power Private Limited, buy the company report.
Recent activity
VS Lignite Power Private Limited has 17 board changes on record since 2007: 4 appointments and 13 cessations. The latest: Navaluru Venkata Sreenivas was appointed as Additional Director on 04 Jun 2025.
54 earlier events are in the company report.
News
Frequently asked questions
VS Lignite Power is an active private limited company based in Hyderabad, Telangana, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 10 October 2001 (25+ years old) and is registered under CIN U40104TG2001PTC045088.
VS Lignite Power has 4 current directors:
- Shishir Kalkonde - Director
- Navaluru Venkata Sreenivas - Additional Director
- Sachin Navtosh Jha - Additional Director
- Dinesh Kumar Agarwal - Director
The latest financial statements of VS Lignite 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 VS Lignite Power is 36AACCM7306G1ZM, registered in Telangana. The company has 6 GST registrations in all, of which 2 are active and 4 are cancelled or inactive. Other active GSTINs include 08AACCM7306G1ZL (Rajasthan).
The CIN (Corporate Identification Number) of VS Lignite Power is U40104TG2001PTC045088. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VS Lignite Power has 176 court cases on record: 97 filed by the company and 79 filed against it. 15 are pending. Most are in the high courts.
VS Lignite Power was incorporated on 10 October 2001, making it 25+ years old. It is registered with the Registrar of Companies, Hyderabad.
VS Lignite Power has 23 deals on record (10 funding rounds, 9 secondary share transfers, 2 debt financings), with disclosed funding of ₹309.7 Cr; the latest was in May 2021.
The peers of VS Lignite Power by revenue are Gama Infraprop Private Limited, Parli Power Transmission Limited, Svaryu Energy Limited, Datta Power Infra Private Limited, SJVN Green Energy Limited and 1 more, all in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution).
Navaluru Venkata Sreenivas was appointed as Additional Director on 04 Jun 2025. Sachin Navtosh Jha was appointed as Additional Director on 04 Jun 2025. Bapi Raju Kambala ceased to be Whole-Time Director on 14 May 2021. VS Lignite Power has 17 board changes on record in total.
VS Lignite Power has 31 MSME Form 1 returns on record between 2014 and 2024, listing 422 overdue payments to 73 micro and small suppliers. The latest return was filed on 30 Apr 2024.
VS Lignite Power can be reached through the website ksk.co.in. Its registered office is in Hyderabad, Telangana, India.