Powergear Limited - Company Profile

It is a energy and power public limited company based in Chennai, Tamil Nadu, India, established in 1980.
1980 Chennai, Tamil Nadu, India Active
Last Updated:
Access Report
About Powergear Limited

Powergear Limited, a active public limited company, was established on 26 March 1980 in Chennai, Tamil Nadu, India. Engaging in power equipment manufacturers within the manufacturing sector, it holds CIN: U32109TN1980PLC090740. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹2.37 Cr.

Formerly known as Powergear Private Limited. It upholds a compliant status. Employing 215 professional, Its leadership includes Govindarao Subbarao (Director), Tirukkurungudi Seshadri Srinivasan (Director), Rajesh Xavier Durairaj (Managing Director). Past directors included Govindarao Subbarao, Puppala Panduranga Jaganmohan Rao, Hegde Bannaanpalli Lakshminarayana. It holds ₹204.46 Cr open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Plot No.B-33, Phase 2, 5Th Main Road, Mepz- Sez Tambaram, Chennai, Tamil Nadu, 600045.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U32109TN1980PLC090740

  • Registration Number

    090740

  • Incorporation Date

    26 March 1980

  • Authorized Capital

    ₹5.00 Cr

  • Paid-Up Capital

    ₹2.37 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 2.37 Cr
  • Company Age 45 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 204.46 Cr
  • Revenue Growth **** 102.35%
  • Profit Growth **** 258.29%
  • Ebitda **** 236.31%
  • Net Worth 10.03%
  • Total Assets **** 22.48%
Company report

Powergear Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Powergear Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report Banner Element
Who are the key members and board of directors at Powergear Limited?
Current Directors
Name Designation Appointment Date Status
Govindarao Subbarao Director 26 Mar 1980 Current
Tirukkurungudi Seshadri Srinivasan Director 03 Feb 2021 Current
Rajesh Xavier Durairaj Managing Director 28 Sep 2007 Current
Durairaj Xavier Director 11 Sep 2000 Current
Srinivasa Venu Uppuluri Director 21 Aug 2023 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Whole-Time Director 23 Nov 2020 Past
Pramod Abcsdd Director 03 Feb 2021 Past
Pramod Abcsdd Whole-Time Director 28 Feb 2015 Past
Pramod Abcsdd Additional Director 30 Nov 2021 Past
Pramod Abcsdd Director 30 Sep 2011 Past
Pramod Abcsdd Whole-Time Director 26 Aug 2016 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Powergear.

Powergear Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 102.35% increase. The company also saw a substantial improvement in profitability, with a 258.29% increase in profit. The company's net worth Soared by an impressive increase of 10.03%.

Powergear revenue growth over time
Powergear profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 102.35%
*******
*******
*******
*******
Revenue from Operations
*******
 103.67%
*******
*******
*******
*******
Total Assets
*******
 22.48%
*******
*******
*******
*******
Profit or Loss
*******
 258.29%
*******
*******
*******
*******
Net Worth
*******
 10.03%
*******
*******
*******
*******
EBITDA
*******
 236.31%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Powergear?

In 2023, Powergear had a promoter holding of 42.89% and a public holding of 57.12%. The company had 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹2,044,600,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • State Bank Of India : 138.76 Cr
  • Axis Bank Limited : 65.70 Cr
Latest Charge Details
Date Lender Amount Status
01 Aug 2025 Axis Bank Limited ₹65.00 Cr Open
18 Oct 2021 Axis Bank Limited ₹7.00 M Open
04 Nov 1989 State Bank Of India ₹138.76 Cr Open

Explore comprehensive loan charge details -

How Many Employees Work at Powergear?

Powergear has a workforce of 215 employees as of Oct 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Powergear, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Powergear's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Powergear
Recent Activity within the Organization
  • Charges

    Progress on A charge with Axis Bank Limited amounted to Rs. 65.00 Cr with Charge ID 101170168 was registered on 01 Aug 2025. was documented.

  • Charges

    Progress on A charge with State Bank Of India of Rs. 138.76 Cr registered on 04 Nov 1989 with Charge ID 80022624 was modified on 28 Feb 2025. was documented.

  • Annual General Meeting

    The activity Powergear Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.

  • Balance Sheet

    Powergear Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was recorded as a recent event.

  • Director Appointment

    The activity Srinivasa Venu Uppuluri was appointed as a Director was appointed as a Director on 21 Aug 2023 & has been associated with this company since 2 years 5 months . was completed.

  • Charges

    Progress on A charge with Axis Bank Limited amounted to Rs. 0.70 Cr with Charge ID 100498774 was registered on 18 Oct 2021. was documented.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Powergear Limited?

The CIN of Powergear Limited is U32109TN1980PLC090740.

Where is Powergear Limited headquartered?

Powergear Limited is headquartered at Plot No.B-33, Phase 2, 5Th Main Road, Mepz- Sez Tambaram, Chennai, Tamil Nadu, 600045.

When was Powergear Limited incorporated?

Powergear Limited was incorporated on 26 March 1980.

Who are the current directors of Powergear Limited?

The current directors of Powergear Limited are

What is the primary industry of Powergear Limited?

The primary industry of Powergear Limited is Manufacturing.

Is Powergear Limited a listed company?

Powergear Limited is unlisted.

What is the capital structure of Powergear Limited?

The authorized capital of Powergear Limited is ₹5.00 Cr, and the paid-up capital is ₹2.37 Cr.

What is the compliance status of Powergear Limited?

The compliance status of Powergear Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available