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.
U32109TN1980PLC090740
090740
26 March 1980
₹5.00 Cr
₹2.37 Cr
Roc Chennai
Unlisted
Active
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| 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 |
| 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 |
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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%.
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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.
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₹2,044,600,000.00
₹0
| 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 |
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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.
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.
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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.
The activity 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 completed.
Progress on Powergear Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.
The activity Powergear Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai. was completed.
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 3 months . was recorded as a recent event.
The activity A charge with Axis Bank Limited amounted to Rs. 0.70 Cr with Charge ID 100498774 was registered on 18 Oct 2021. was completed.
The CIN of Powergear Limited is U32109TN1980PLC090740.
Powergear Limited is headquartered at Plot No.B-33, Phase 2, 5Th Main Road, Mepz- Sez Tambaram, Chennai, Tamil Nadu, 600045.
Powergear Limited was incorporated on 26 March 1980.
The current directors of Powergear Limited are
The primary industry of Powergear Limited is Manufacturing.
Powergear Limited is unlisted.
The authorized capital of Powergear Limited is ₹5.00 Cr, and the paid-up capital is ₹2.37 Cr.
The compliance status of Powergear Limited is Compliant.
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