About Powergear Limited
Data last updated:
Powergear Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 26 March 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U32109TN1980PLC090740. Its GSTIN is 33AABCP2082K2ZH (Tamil Nadu). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.37 Cr. It was formerly known as Powergear Private Limited. It is led by directors including Rajesh Xavier Durairaj (Managing Director) and Durairaj Xavier.
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 Plot No.B – 33 Phase 2 5th Main Road Mepz – SEZ Tambaram, Chennai, Tamil Nadu, India – 600045.
As per the financials filed for FY 2025, the company reported a revenue of ₹289.87 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹17.93 Cr (net margin 6.2%) and EBITDA of ₹39.41 Cr (EBITDA margin 13.6%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 24% over five years.
The company has about 215 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Powergear Limited. As per MCA filings, the company has open charges of ₹204.46 Cr on record. Court records list 73 cases involving the company, including 40 filed by the company and 33 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website powergearlimited.com.
Company details
CIN history
Powergear has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U32109TN1980PLC090740, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32109TN1980PLC090740 | Current |
| U85110KA1980PLC003787 | Previous |
| U32109KA1980PLC003787 | Previous |
Contact details
Powergear Limited's registered office is in Chennai, Tamil Nadu. Its website is powergearlimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.B – 33 Phase 2 5th Main Road Mepz – SEZ Tambaram, Chennai, Tamil Nadu, India – 600045
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Powergear 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
Brands
Powergear operates one associated brand: Powergear Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying of power systems, busducts, and switchgear by Powergear Limited in the energy sector. | powergearlimited.com |
Business activity
The main business activity of Powergear is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Powergear Limited, buy the company report.
Financials of Powergear Limited
FY 2025 filings availablePowergear Limited reported revenue of ₹289.87 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 4% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹39.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.93 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.6% | ||||
| Net Profit Margin | 6.2% | ||||
| 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 Powergear Limited, buy the company report.
Board of directors and KMP of Powergear Limited
Powergear Limited currently reports 4 directors and 1 key managerial person. 4 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Durairaj Xavier Also directs: Nireta Brands LLP, Gilt Sterling Private Limited, P C Exports Private Limited and 5 more | Director | 11 Sep 2000 | 26 Years 1 Months | Current |
| Govindarao Subbarao | Director | 26 Mar 1980 | 46 Years 7 Months | Current |
| Tirukkurungudi Seshadri Srinivasan Also directs: Constronics Infra Limited, Groarc Industries India Limited, Pentamedia Graphics Limited and 3 more | Director | 03 Feb 2021 | 5 Years 8 Months | Current |
| Rajesh Xavier Durairaj Also directs: Nireta Brands LLP, Reep Electricx Motors Private Limited, Lei Powergear Private Limited and 3 more | Managing Director | 28 Sep 2007 | 19 Years 1 Months | Current |
| Sreenivasulu Palle | Company Secretary | 01 Jan 2008 | 18 Years 9 Months | Current |
Peer comparison
Powergear Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ohmium Operations Private Limited | ₹295.22 Cr (FY 2025) | -2.0% | Bengaluru, Karnataka, India | |||
| Elmex Electric Private Limited | ₹293.43 Cr (FY 2025) | 30.0% | Vadodara, Gujarat, India | |||
| Navitas Green Solutions Private Limited | ₹291.51 Cr (FY 2024) | 44.0% | Surat, Gujarat, India | |||
| Hi-Tech Systems & Services Ltd. | ₹290.03 Cr (FY 2024) | 19.0% | Kolkata, West Bengal, India | |||
| Powergear Limitedthis company | ₹289.87 Cr (FY 2025) | ₹17.93 Cr | 6.2% | -2.0% | 215 | Chennai, Tamil Nadu, India |
| Abhishek Solar Industries Private Limited | ₹284.98 Cr (FY 2025) | 257.0% | Ranchi, Jharkhand, India | |||
| Wilson Power Solutions India Private Limited | ₹275.47 Cr (FY 2025) | 27.0% | Chennai, Tamil Nadu, India | |||
| Transfix (India) Private Limited | ₹273.76 Cr (FY 2025) | 63.0% | Pune, Maharashtra, India |
To see the full peer comparison of Powergear Limited, buy the company report.
Auditor
Powergear Limited is audited by B.P.RAO & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.P.RAO & CO | FY 2023 | 003116S |
Shareholding
The shareholding of Powergear 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 Powergear Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Aug 2025 | 101170168 | Axis Bank Limited | ₹65 Cr | Open | |
| 18 Oct 2021 | 100498774 | Axis Bank Limited | ₹70 Lakh | Open | |
| 04 Nov 1989 | 80022624 | State Bank of India | ₹138.76 Cr | Open |
To see the full charge records of Powergear Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Powergear Limited has 73 court cases on record: 40 filed by Powergear, 33 filed against it. 4 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 52 | 24 | 0 |
| High courts | 20 | 8 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BALLARI, Karnataka | Court case (Com.A.S.) | Filed against the company by Gescom by Its Superintendent Engineer (Electrical) O and M Circle Kalaburgi | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against M/S Gulbarga Electricity Supply Company Ltd | Disposed |
| Bombay High Court | Court case (SJ) | Filed by the company against M/S Batliboi Environmental Engineering Ltd | Disposed |
| Bombay High Court | Appeal | Filed by the company against M/S. Batliboi Environ- Mental Engineering Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Associated Road Carriers Ltd. | Disposed |
To see the full case history of Powergear 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
Powergear Limited was last rated by Crisil on 06 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Aug 2020 |
To see the full credit ratings and regulatory alerts of Powergear Limited, buy the company report.
MSME payment delays
Powergear Limited has 19 MSME Form 1 returns on record between 2003 and 2024, listing 1,041 overdue payments to 82 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 82)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prayog Electricals Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Gravity Coating Solutions | |||
| H D Sheet Metal Works |
To see the full MSME payment records of Powergear Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Powergear has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Powergear Limited has a workforce of 215 employees on its EPFO records as of Oct 04, 2024, across 4 active EPFO establishments.
GST
Powergear has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCP2082K2ZH | Tamil Nadu | Active | 24 Oct 2017 |
| 33AABCP2082K3ZG | Tamil Nadu | Active | 06 Aug 2019 |
| 29AABCP2082K1Z7 | Karnataka | Active | 01 Jul 2017 |
| 37AABCP2082K1ZA | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Powergear Limited, buy the company report.
Recent activity
Powergear Limited has 13 board changes on record since 1980: 9 appointments and 4 cessations. The latest: Srinivasa Venu Uppuluri ceased to be Director on 13 May 2024.
8 earlier events are in the company report.
Frequently asked questions
Powergear is an active public limited company based in Chennai, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 26 March 1980 (46+ years old) and is registered under CIN U32109TN1980PLC090740.
Powergear has 5 current directors and KMP:
- Rajesh Xavier Durairaj - Managing Director
- Durairaj Xavier - Director
- Govindarao Subbarao - Director
- Tirukkurungudi Seshadri Srinivasan - Director
- Sreenivasulu Palle - Company Secretary
The latest financial statements of Powergear 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 Powergear is 33AABCP2082K2ZH, registered in Tamil Nadu. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 33AABCP2082K3ZG (Tamil Nadu), 29AABCP2082K1Z7 (Karnataka), 37AABCP2082K1ZA (Andhra Pradesh).
The CIN (Corporate Identification Number) of Powergear is U32109TN1980PLC090740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Powergear has 73 court cases on record: 40 filed by the company and 33 filed against it. 4 are pending. Most are in the district courts.
Powergear was incorporated on 26 March 1980, making it 46+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Powergear by revenue are Ohmium Operations Private Limited, Elmex Electric Private Limited, Navitas Green Solutions Private Limited, Hi-Tech Systems & Services Ltd, Abhishek Solar Industries Private Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Srinivasa Venu Uppuluri ceased to be Director on 13 May 2024. Srinivasa Venu Uppuluri was appointed as Director on 21 Aug 2023. Puppala Panduranga Jaganmohan Rao ceased to be Director on 03 Feb 2021. Powergear has 13 board changes on record in total.
Powergear has 19 MSME Form 1 returns on record between 2003 and 2024, listing 1,041 overdue payments to 82 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Powergear can be reached through the website powergearlimited.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Powergear is at Plot No.B – 33 Phase 2 5th Main Road Mepz – SEZ Tambaram, Chennai, Tamil Nadu, India – 600045.
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.
