- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-09-0005233

About Oswal Energies Limited
Data last updated:
Oswal Energies Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 28 January 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45205GJ2013PLC073465. Its GSTIN is 24AACCO1639E1ZT (Gujarat). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹47.67 Cr. It was formerly known as Oswal Infra-Park Limited. It is led by directors including Ratan Babulal Bokadia (Managing Director) and Jayant Babulal Bokadia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹412.67 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹65.79 Cr (net margin 15.9%) and EBITDA of ₹92.74 Cr (EBITDA margin 22.5%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 25% over five years.
The company has about 164 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹146.5 Cr and satisfied charges of ₹75.57 Cr on record. Court records list 15 cases involving the company, including 6 filed by the company and 9 filed against it; 5 cases are pending. The company has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹4.95 Cr; the latest was in January 2025. The company has 2 MSME Form 1 returns on record between 2020 and 2024, listing 85 overdue payments to 21 micro and small suppliers.
Oswal Energies Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0005233). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website oswalinfra.com.
Company details
Recognitions & Rankings of Oswal Energies
Contact details
Oswal Energies Limited's registered office is in Ahmedabad, Gujarat. Its website is oswalinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 1322 To 1326 Swati Crimson And Clover, Near Shilaj Circle, Ahmedabad, Gujarat, India – 380059
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Oswal Energies 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 Oswal Energies is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Oswal Energies Limited, buy the company report.
Financials of Oswal Energies Limited
FY 2025 filings availableOswal Energies Limited reported revenue of ₹412.67 Cr (up 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 57% growth in the latest year. EBITDA rose 111% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹412.67 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹92.74 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹65.79 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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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 | 22.5% | ||||
| Net Profit Margin | 15.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Oswal Energies Limited, buy the company report.
Board of directors of Oswal Energies Limited
Oswal Energies has 7 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratan Babulal Bokadia | Managing Director | 02 May 2016 | 10 Years 6 Months | Current |
| Jayant Babulal Bokadia Also directs: Oswal Industries Limited, Almamapper Technologies Private Limited | Whole-Time Director | 11 Nov 2021 | 5 Years 0 Months | Current |
| Dixit Jitendra Bokadia | Whole-Time Director | 29 Sep 2018 | 8 Years 1 Months | Current |
| Ulhas Prabhakar Dharmadhikari | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Nagaraj Giridhar Also directs: Maiz Citchem Limited, Grace Renewable Energy Limited | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Arpana Sandeep Shah Also directs: Oswal Industries Limited, Rajvi Logitrade Limited | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
Auditor
Oswal Energies Limited is audited by Suresh R Shah & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Suresh R Shah & Associates | FY 2022 | 110691W |
Shareholding
The shareholding of Oswal Energies 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 Oswal Energies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jan 2023 | 100674705 | Hdfc Bank Limited | ₹75 Cr | Open | |
| 24 Dec 2018 | 100226574 | Others | ₹71.5 Cr | Open | |
| 17 Dec 2019 | 100315369 | Hdfc Bank Limited | ₹57 Lakh | Satisfied | |
| 05 Nov 2019 | 100311993 | Hdfc Bank Limited | ₹10 Cr | Satisfied | |
| 21 Aug 2018 | 100201764 | Hdfc Bank Limited | ₹58 Cr | Satisfied |
To see the full charge records of Oswal Energies Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Oswal Energies Limited has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹4.95 Cr; the latest was in January 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Jitendra Hastimalji Bokadia Huf |
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2024 | Secondary share transfer | Undisclosed | Buyer: Jitendra Hastimalji Bokadia Huf Seller: Ravi Parasmal Doshi HUF |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Jitendra Hastimalji Bokadia Huf, Jayant B Bokadia HUF, an individual Seller: 4 individuals |
To see the full deal history of Oswal Energies 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
Oswal Energies Limited has 15 court cases on record: 6 filed by Oswal Energies, 9 filed against it. 5 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 1 |
| High courts | 6 | 2 | 2 |
| Supreme Court | 1 | 0 | 1 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Florton Infrastructure Private Limited | Pending |
| High Court of Gujarat | Arbitration matter | Filed against the company by Gujarat Gas Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by M/S. SCC Infrastructure Private Limited and Ane(Jv) | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Flipspaces Technology Labs Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Oness Infra Pvt. Ltd Through Its Director Mr. Chirag Neema | Disposed |
To see the full case history of Oswal Energies 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
Oswal Energies Limited has 2 MSME Form 1 returns on record between 2020 and 2024, listing 85 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Heat Trace India Private Limited | |||
| Procyon Technology | |||
| Anggerik Laksana (India) Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Oswal Energies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Oswal Energies Limited has a workforce of 164 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 164 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Oswal Energies Limited, buy the company report.
GST
Oswal Energies has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCO1639E1ZT | Gujarat | Active | 01 Jul 2017 |
| 24AACCO1639E2ZS | Gujarat | Active | 18 May 2023 |
| 24AACCO1639E3ZR | Gujarat | Active | 03 Sep 2025 |
| 08AACCO1639E1ZN | Rajasthan | Active | 24 Aug 2018 |
To see the full GST registrations and return filing status of Oswal Energies Limited, buy the company report.
Recent activity
Oswal Energies Limited has 22 board changes on record since 2016: 7 appointments and 15 cessations. The latest: Arpana Sandeep Shah ceased to be Additional Director on 14 Nov 2024.
26 earlier events are in the company report.
News
Frequently asked questions
Oswal Energies is an active public limited company based in Ahmedabad, Gujarat, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 28 January 2013 (13+ years old) and is registered under CIN U45205GJ2013PLC073465.
Oswal Energies has 7 current directors:
- Ratan Babulal Bokadia - Managing Director
- Jayant Babulal Bokadia - Whole-Time Director
- Dixit Jitendra Bokadia - Whole-Time Director
- Ulhas Prabhakar Dharmadhikari - Director
- Nagaraj Giridhar - Director
- Arpana Sandeep Shah - Director
- Nitin Narendra Patil - Director
The latest financial statements of Oswal Energies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Oswal Energies is 24AACCO1639E1ZT, registered in Gujarat. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCO1639E2ZS (Gujarat), 24AACCO1639E3ZR (Gujarat), 08AACCO1639E1ZN (Rajasthan).
The CIN (Corporate Identification Number) of Oswal Energies is U45205GJ2013PLC073465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Oswal Energies has 15 court cases on record: 6 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Oswal Energies was incorporated on 28 January 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Oswal Energies has 11 deals on record (8 secondary share transfers, 3 funding rounds), with disclosed funding of ₹4.95 Cr; the latest was in January 2025.
Arpana Sandeep Shah ceased to be Additional Director on 14 Nov 2024. Nagaraj Giridhar ceased to be Additional Director on 14 Nov 2024. Ulhas Prabhakar Dharmadhikari ceased to be Additional Director on 14 Nov 2024. Oswal Energies has 22 board changes on record in total.
Yes, Oswal Energies is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-09-0005233).
Oswal Energies has 2 MSME Form 1 returns on record between 2020 and 2024, listing 85 overdue payments to 21 micro and small suppliers. The latest return was filed on 30 Apr 2024.

