Nirani Energy Private Limited
About Nirani Energy Private Limited
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Nirani Energy Private Limited is a private limited company based in Bagalkot, Karnataka, India. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 22 July 2022.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40106KA2022PTC164176. Its GSTIN is 29AAICN3987G1ZV (Karnataka).
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹23.01 Cr. It is led by directors including Vijay Basavaraj Ingali and Sangamesh Rudrappa Nirani.
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 Survey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.25 Cr, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹5.15 Cr (net margin 29.8%) and EBITDA of ₹10.17 Cr (EBITDA margin 59%).
Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending.
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- Registered AddressSurvey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313
- IndustryEnergy and Power, Power Transmission & Distribution Services
- 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
- One PDF report, delivered after checkout
Business Activity of Nirani Energy Private Limited
The main business activity of Nirani 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Nirani Energy Private Limited FY 2024 filings available
Nirani Energy Private Limited reported revenue of ₹17.25 Cr (up 98% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nirani Energy Private Limited
Revenue rose 98% in the latest year. EBITDA rose 153% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Nirani Energy Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| 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 | ₹10.17 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹5.15 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 Nirani Energy Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 59% | •••• |
| Net Profit Margin | 29.8% | •••• |
| 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 Nirani Energy are in the company report.
Financial statements from FY 2023
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Nirani Energy Private Limited
Nirani Energy Private Limited is compared with the companies closest to it by revenue in the Power industry (Transmission and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Windage Power Company Private Limited | ₹18.8 Cr (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Vedhaah Power Private Limited | ₹18.73 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Pudukottai, Tamil Nadu, India |
| Hexa Industries Private Limited | ₹18.66 Cr (FY 2025) | •••• | •••• | 353.0% | •••• | Chennai, Tamil Nadu, India |
| Enerzytech Industries Private Limited | ₹18.08 Cr (FY 2024) | •••• | •••• | 37.0% | •••• | Ahmedabad, Gujarat, India |
| Sunny Power Tech Private Limited | ₹18.04 Cr (FY 2024) | •••• | •••• | 39.0% | •••• | Port Blair, Andaman and Nicobar Islands, India |
| Nirani Energy Private Limited this company | ₹17.25 Cr (FY 2024) | •••• | •••• | 98.0% | •••• | Bagalkot, Karnataka, India |
| KN Indi Vijayapura Solar Energy Private Limited | ₹16.94 Cr (FY 2023) | •••• | •••• | -1.0% | •••• | Ahmedabad, Gujarat, India |
| Azure Power Fifty One Private Limited | ₹16.67 Cr (FY 2025) | •••• | •••• | 3817.0% | •••• | New Delhi, Delhi, India |
| Poonawalla Clean Energy Private Limited | ₹16.47 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Pune, Maharashtra, India |
| SRS Wind Solar Solutions Private Limited | ₹16.29 Cr (FY 2016) | •••• | •••• | 24720.0% | •••• | Hyderabad, Telangana, India |
| Rewanchal Solar Power Private Limited | ₹16 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gurugram, Haryana, India |
Peers are the five companies nearest above and the five nearest below Nirani Energy by revenue in the Power industry (Transmission and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Nirani Energy Private Limited
Nirani Energy has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhraksayani Sangappa Nirani Also directs: Ratna Cements (Yadwad) Limited | Additional Director | 15 Jul 2023 | 3 Years 2 Months | Current |
| Vijay Basavaraj Ingali Also directs: Mahaveer Silicons Private Limited, MRN (Nirani) Minerals Private Limited, MRN Civil Tech Private Limited and 1 more | Director | 15 Jul 2023 | 3 Years 2 Months | Current |
| Sangamesh Rudrappa Nirani Also directs: Accutrade Global LLP, Mahaveer Silicons Private Limited, Nirani Sugars Limited and 5 more | Director | 22 Jul 2022 | 4 Years 2 Months | Current |
Charges & Borrowings of Nirani Energy Private Limited
Nirani Energy Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Nirani Energy Private Limited
Nirani Energy Private Limited has 3 court cases on record: 3 filed by Nirani Energy. 2 cases are pending and 1 is disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Electricity Regulatory Commission (Kerc) | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Electricity Regulatory Commission (Kerc) | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 Nirani Energy Private Limited
Employment history and EPFO contributions of people linked to Nirani Energy.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Nirani Energy Private Limited
Nirani Energy Private Limited has 6 board changes on record since 2022: 3 appointments and 3 cessations. The latest: Vijay Murugesh Nirani ceased to be Director on 18 Mar 2024.
Credit Ratings, Litigation & Regulatory Alerts for Nirani Energy Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Nirani Energy Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Nirani Energy Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Nirani Energy Private Limited
Nirani Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICN3987G1ZV | Karnataka | Active | 08 Aug 2022 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Nirani Energy Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Nirani Energy Private Limited
Nirani Energy is an active private limited company based in Bagalkot, Karnataka, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 22 July 2022 (4+ years old) and is registered under CIN U40106KA2022PTC164176.
Nirani Energy reported revenue of ₹17.25 Cr for FY 2024 (up 98% YoY).
Nirani Energy has 3 current directors:
- Dhraksayani Sangappa Nirani - Additional Director
- Vijay Basavaraj Ingali - Director
- Sangamesh Rudrappa Nirani - Director
Nirani Energy reported a net profit of ₹5.15 Cr (net margin 29.8%) and EBITDA of ₹10.17 Cr (EBITDA margin 59%) for FY 2024, as per its filed financial statements.
The GSTIN of Nirani Energy is 29AAICN3987G1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Nirani Energy is U40106KA2022PTC164176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirani Energy has 3 court cases on record: 3 filed by the company. 2 are pending.
Nirani Energy was incorporated on 22 July 2022, making it 4+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Nirani Energy by revenue are Windage Power Company Private Limited, Vedhaah Power Private Limited, Hexa Industries Private Limited, Enerzytech Industries Private Limited, Sunny Power Tech Private Limited and 5 more, all in the Power industry (Transmission and Distribution).
Vijay Murugesh Nirani ceased to be Director on 18 Mar 2024. Vishal Murgesh Nirani ceased to be Director on 18 Mar 2024. Vijay Basavaraj Ingali ceased to be Additional Director on 29 Sep 2023. Nirani Energy has 6 board changes on record in total.
The registered office of Nirani Energy is at Survey No. 166 Kulali Cross Jamkhandi Mudhol Road, Bagalkot, Karnataka, India – 587313.