Precious Energy Services Limited
About Precious Energy Services Limited
Data last updated:
Precious Energy Services Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte. Ltd.. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 18 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40102GJ2008PLC107119. Its GSTIN is 24AAECP7339J1Z6 (Gujarat).
The company has an authorised share capital of ₹7.51 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Precious Energy Services Private Limited. It is led by directors including Bharat Rathi and Nirmal Sharda.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹22.66 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹1.87 Cr (net margin 8.3%) and EBITDA of ₹20.25 Cr (EBITDA margin 89.3%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.15 Cr and satisfied charges of ₹300.84 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending. The company has 6 deals on record (2 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹128.7 Cr; the latest was in July 2021. Its 6 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 4 smaller; the largest is Palimarwar Solar House Private Limited with revenue of ₹23.01 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Precious Energy Services has undergone 2 name changes throughout its history. The company was previously known as Precious Energy Services Private Limited, and Precious Energy Services Limited. The current legal name is Precious Energy Services Limited.
| Company Name | Status |
|---|---|
| Precious Energy Services Limited | Current |
| Precious Energy Services Private Limited | Previous |
CIN history
Precious Energy Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40102GJ2008PLC107119, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40102GJ2008PLC107119 | Current |
| U40102DL2008PLC175525 | Previous |
| U40102DL2008PTC175525 | Previous |
Contact details
Precious Energy Services Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Precious Energy Services 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 Precious Energy Services is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Precious Energy Services Limited, buy the company report.
Financials of Precious Energy Services Limited
FY 2025 filings availablePrecious Energy Services Limited reported revenue of ₹22.66 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 2% 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 |
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| EBITDA | ₹20.25 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.87 Cr | ||||
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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 | 89.3% | ||||
| Net Profit Margin | 8.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Precious Energy Services Limited, buy the company report.
Board of directors of Precious Energy Services Limited
Precious Energy Services has 3 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ralf Winfried Friedrich Nowack Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Bhanuenergy Infrastructure & Power Limited and 5 more | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Bharat Rathi Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Hiraco Renewable Energy Private Limited and 5 more | Director | 27 Jul 2017 | 9 Years 3 Months | Current |
| Nirmal Sharda Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Bhanuenergy Infrastructure & Power Limited and 5 more | Director | 11 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Precious Energy Services Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Palimarwar Solar House Private Limited | ₹23.01 Cr (FY 2024) | -1.0% | Kolkata, West Bengal, India | |||
| Janardan Wind Energy Private Limited | ₹23 Cr (FY 2024) | -9.0% | Kolkata, West Bengal, India | |||
| Precious Energy Services Limitedthis company | ₹22.66 Cr (FY 2025) | ₹1.87 Cr | 8.3% | -4.0% | 6 | Ahmedabad, Gujarat, India |
| Globus Steel & Power Private Limited | ₹22.66 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Avaada Green Hnproject Private Limited | ₹22.45 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| PV Line Power One Private Limited | ₹22.43 Cr (FY 2025) | -3.0% | Bangalore, Karnataka, India | |||
| Solitaire Energies Limited | ₹22.39 Cr (FY 2025) | -5.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Precious Energy Services Limited, buy the company report.
Auditor
Precious Energy Services Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N / N500013 |
Shareholding
The shareholding of Precious Energy Services 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Precious Energy Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154820 | Sbicap Trustee Company Limited | ₹26.15 Cr | Open | |
| 21 Jan 2019 | 100238258 | Sbicap Trustee Company Limited | ₹13 Cr | Satisfied | |
| 16 Jun 2017 | 100110366 | Sbicap Trustee Company Limited | ₹125.06 Cr | Satisfied | |
| 04 May 2011 | 10288188 | Bank of Baroda (Corporate Financial Services Branch) | ₹162.78 Cr | Satisfied |
To see the full charge records of Precious Energy Services Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Precious Energy Services Limited has 6 deals on record (2 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹128.7 Cr; the latest was in July 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Debt financing | ₹41.13 Cr | Investors: Macquarie Group |
| Jul 2017 | Acquisition | Undisclosed | Buyer: Macquarie Group Seller: Hindustan Cleanenergy Limited |
| Jul 2017 | Debt financing | ₹17.81 Cr | Investors: Macquarie Group |
| Mar 2010 | Funding round | ₹69.75 Cr | Investors: Hindustan Cleanenergy Limited |
| Nov 2008 | Secondary share transfer | Undisclosed | Buyer: Hindustan Cleanenergy Limited , Hindustan Cleanenergy Limited & Vivek Kumar Seller: 2 individuals |
To see the full deal history of Precious Energy Services 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
Precious Energy Services Limited has 4 court cases on record: 2 filed by Precious Energy Services, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 2 |
| NCLAT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Moser Baer Energy Development Ltd(Now Porbandar Solar Power Ltd) Through Its Authorised Signatory Manish Verma Through Its Authorised Signatory Manish Verma 235, Okhla Industrial Estate, Phase III, New Delhi , District: New Delhi ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited General Manager (Com) General Manager (Com) Sardar Patel Vidyut Bhavan, Race Course , District: Vadodara ,Vadodara , Gujarat | Pending |
| NCLAT, Court III | Tribunal matter | Filed by the company against an individual | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Precious Energy Services 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
Precious Energy Services Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Precious Energy Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Precious Energy Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Precious Energy Services Limited has a workforce of 6 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Precious Energy Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECP7339J1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Precious Energy Services Limited, buy the company report.
Recent activity
Precious Energy Services Limited has 33 board changes on record since 2008: 4 appointments and 29 cessations. The latest: Nirmal Sharda was appointed as Director on 11 Sep 2025.
33 earlier events are in the company report.
Frequently asked questions
Precious Energy Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 18 March 2008 (18+ years old) and is registered under CIN U40102GJ2008PLC107119.
Precious Energy Services has 3 current directors:
- Ralf Winfried Friedrich Nowack - Nominee Director
- Bharat Rathi - Director
- Nirmal Sharda - Director
The latest financial statements of Precious Energy Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Precious Energy Services is 24AAECP7339J1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Precious Energy Services is U40102GJ2008PLC107119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Precious Energy Services has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the supreme court.
Precious Energy Services was incorporated on 18 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Precious Energy Services has 6 deals on record (2 secondary share transfers, 2 debt financings, 1 funding round), with disclosed funding of ₹128.7 Cr; the latest was in July 2021.
The peers of Precious Energy Services by revenue are Palimarwar Solar House Private Limited, Janardan Wind Energy Private Limited, Globus Steel & Power Private Limited, Avaada Green Hnproject Private Limited, PV Line Power One Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Nirmal Sharda was appointed as Director on 11 Sep 2025. Nirmal Sharda ceased to be Director on 11 Sep 2025. Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025. Precious Energy Services has 33 board changes on record in total.
The registered office of Precious Energy Services is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
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