Powerage Towers Limited
About Powerage Towers Limited
Data last updated:
Powerage Towers Limited is a public limited company based in Indore, Madhya Pradesh, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 19 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U31300MP2005PLC017880. Its GSTIN is 23AAIFP3473E1ZE (Madhya Pradesh).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Kapil Jaiswal (Managing Director) and Prabhat Purohit.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 101 To 103 Indore Trade Centre 2/3 South Tukoganj, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2019, the company reported a revenue of ₹9.08 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹36.94 Lakh (net margin -4.1%) and EBITDA of ₹91.36 Lakh (EBITDA margin 10.1%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹58.35 Lakh and satisfied charges of ₹16.08 Cr on record. Court records list 18 cases involving the company, including 1 filed by the company and 18 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Powerage Towers Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address101 To 103 Indore Trade Centre 2/3 South Tukoganj, Madhya Pradesh, India – 452001
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Powerage Towers 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 activities of Powerage Towers are trade and support service to organizations. In detail, this covers wholesale trading and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Powerage Towers Limited, buy the company report.
Financials of Powerage Towers Limited
FY 2019 filings availablePowerage Towers Limited reported revenue of ₹9.08 Cr (down 49% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over three years, including a 49% fall in the latest year. EBITDA fell 46% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.08 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹91.36 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹36.94 Lakh | ||||
| 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.1% | ||||
| Net Profit Margin | -4.1% | ||||
| 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 Powerage Towers Limited, buy the company report.
Board of directors of Powerage Towers Limited
Powerage Towers has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prabhat Purohit | Director | 08 Oct 2012 | 14 Years 0 Months | Current |
| Rajendra Kumar Rathi Also directs: Millennium Structurals (India) Limited | Director | 01 Nov 2012 | 14 Years 0 Months | Current |
| Kapil Jaiswal | Managing Director | 19 Aug 2005 | 21 Years 2 Months | Current |
| Dinesh Also directs: Chirag Ingots Limited | Director | 07 Dec 2021 | 4 Years 10 Months | Current |
Auditor
Powerage Towers Limited is audited by C H PADLIYA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C H PADLIYA & CO | FY 2019 | 003151C |
Shareholding
The shareholding of Powerage Towers Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Powerage Towers Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2015 | 10628172 | Hdfc Bank Limited | ₹38.35 Lakh | Open | |
| 30 May 2013 | 10432354 | Kotak Mahindra Prime Limited | ₹20 Lakh | Open | |
| 20 Apr 2016 | 100036988 | Hdfc Bank Limited | ₹5.25 Lakh | Satisfied | |
| 16 Dec 2014 | 10542203 | Others | ₹51 Lakh | Satisfied | |
| 31 Jan 2014 | 10507730 | Idbi Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Powerage Towers Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Powerage Towers Limited has 18 court cases on record: 1 filed by Powerage Towers, 18 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by M/S. Iifl Home Finance Limited | Disposed |
| NCLT, Indore | Insolvency matter | Filed against the company by Dhiren Shantilal Shah Interim Resolution Professional for Powerage Towers Limited | Disposed |
| District court, Indore, Madhya Pradesh | Court case (MJC R) | Filed against the company by Iifl Home Finance Ltd. Through Prashant Upadhyay | Disposed |
| NCLT, Indore | Insolvency matter | Filed by the company against Powerage Towers Limited and 1 other | Disposed |
| District court, Indore, Madhya Pradesh | Court case (SC NIA) | Filed against the company by M/S H.D.F.C. Bank Ltd. Through Gourav Shrivastav | Disposed |
To see the full case history of Powerage Towers 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 Powerage Towers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Powerage Towers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAIFP3473E1ZE | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Powerage Towers Limited, buy the company report.
Recent activity
Powerage Towers Limited has 10 board changes on record since 2005: 4 appointments and 6 cessations. The latest: Dinesh was appointed as Director on 07 Dec 2021.
27 earlier events are in the company report.
Frequently asked questions
Powerage Towers is an active public limited company based in Indore, Madhya Pradesh, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 19 August 2005 (21+ years old) and is registered under CIN U31300MP2005PLC017880.
Powerage Towers has 4 current directors:
- Kapil Jaiswal - Managing Director
- Prabhat Purohit - Director
- Rajendra Kumar Rathi - Director
- Dinesh - Director
The latest financial statements of Powerage Towers on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Powerage Towers is 23AAIFP3473E1ZE, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Powerage Towers is U31300MP2005PLC017880. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Powerage Towers has 18 court cases on record: 1 filed by the company and 18 filed against it. Most are in the district courts.
Powerage Towers was incorporated on 19 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Gwalior.
Dinesh was appointed as Director on 07 Dec 2021. Anchal Jaiswal ceased to be Director on 29 Nov 2021. Prabhat Purohit ceased to be Additional Director on 30 Sep 2013. Powerage Towers has 10 board changes on record in total.
The registered office of Powerage Towers is at 101 To 103 Indore Trade Centre 23 South Tukoganj, Madhya Pradesh, India – 452001.
Powerage Towers operates in the consumer electronics and durables industry, in the electronics manufacturing segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
