About Pioneer Power Limited
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Pioneer Power Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 22 October 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40100TG1998PLC030368. Its GSTIN is 33AADCA3270A1ZG (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹76 Cr and a paid-up capital of ₹76 Cr. It was formerly known as Rvk Energy Limited and Arkay Energy Limited. It is led by directors including Manikanth Vasudevan (Whole-Time Director) and Venugopal Reddy Puttamreddy.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at H.No.8 – 2 – 268/A/1/S & S1 Plot No.705 Road No.3 Banjara Hills, Hyderabad, Telangana, India – 500034.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.16 Lakh, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹11.75 Cr and EBITDA of -₹2.21 Cr. Revenue has declined at a compounded annual rate (CAGR) of 86% over three years and 78% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Pioneer Power Solutions. As per MCA filings, the company has open charges of ₹51.91 Cr and satisfied charges of ₹933 Cr on record. Court records list 57 cases involving the company, including 23 filed by the company and 34 filed against it; 9 cases are pending. The company has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹23.62 Cr; the latest was in March 2016.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pioneerpower.in.
Company details
Name history
Pioneer Power has undergone 3 name changes throughout its history. The company was previously known as Rvk Energy Limited, Arkay Energy Limited, and Penna Electricity Limited. The current legal name is Pioneer Power Limited.
| Company Name | Status |
|---|---|
| Pioneer Power Limited | Current |
| Rvk Energy Limited | Previous |
| Arkay Energy Limited | Previous |
| Penna Electricity Limited | Previous |
CIN history
Pioneer Power has one previous CIN (Corporate Identification Number): U40100AP1998PLC030368. The current CIN is U40100TG1998PLC030368, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100TG1998PLC030368 | Current |
| U40100AP1998PLC030368 | Previous |
Contact details
Pioneer Power Limited's registered office is in Hyderabad, Telangana. Its website is pioneerpower.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH.No.8 – 2 – 268/A/1/S & S1 Plot No.705 Road No.3 Banjara Hills, Hyderabad, Telangana, India – 500034
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Pioneer Power 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
Pioneer Power operates one associated brand: Pioneer Power Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Power Electronics manufacturer | pioneerpowersolutions.com |
Business activity
The main business activity of Pioneer Power 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 |
Financials of Pioneer Power Limited
FY 2025 filings availablePioneer Power Limited reported revenue of ₹5.16 Lakh (down 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 78% over five years, including a 35% fall in the latest year. EBITDA fell 48% 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 | -₹2.21 Cr | ||||
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| Net Profit (PAT) | -₹11.75 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Pioneer Power Limited, buy the company report.
Board of directors and KMP of Pioneer Power Limited
Pioneer Power Limited currently reports 4 directors and 2 key managerial personnel. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venugopal Reddy Petluru Also directs: Lakshmi Sea Foods Limited, Pcil Power and Holdings Limited, Om Hydropower Limited and 3 more | Additional Director | 29 Nov 2025 | 0 Years 10 Months | Current |
| Haider Ali | Company Secretary | 01 Jun 2017 | 9 Years 4 Months | Current |
| Venugopal Reddy Puttamreddy | Director | 05 Sep 2002 | 24 Years 1 Months | Current |
| Satish Reddy Katta Also directs: Pioneer Power Corporation Limited, Pioneer Amrjv Limited, P R Estates Limited and 5 more | Director | 28 Apr 2025 | 1 Years 5 Months | Current |
| Manikanth Vasudevan | Whole-Time Director | 23 Apr 2019 | 7 Years 5 Months | Current |
| Naresh Mekalasatyanarayana Also directs: Luxe Coffee Collective Private Limited | Cfo | 03 Jun 2025 | 1 Years 4 Months | Current |
Auditor
Pioneer Power Limited is audited by C Ramachandram & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C Ramachandram & Co | FY 2023 | 002864S |
Shareholding
The shareholding of Pioneer Power 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 Pioneer Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Sep 2023 | 100785820 | Others | ₹50 Cr | Open | |
| 21 Dec 2001 | 90116146 | Wartsha India Ltd. | ₹1.91 Cr | Open | |
| 23 Mar 2018 | 100171038 | Idbi Trusteeship Services Limited | ₹400 Cr | Satisfied | |
| 04 Oct 2013 | 10456939 | Idfc Limited | ₹113 Cr | Satisfied | |
| 21 Jan 2008 | 10085125 | Yes Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Pioneer Power Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Pioneer Power Limited has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹23.62 Cr; the latest was in March 2016.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Pcil Power and Holdings Limited Seller: Penna Cement Industries Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: P R Cement Holdiings Limited , Penna Cement Industries Limited , Pioneer Builders and P. Prathap Reddy Seller: Sriba Industries Limited, P R Cement Holdiings Limited , an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: P R Cement Holdiings Limited , Sriba Industries Limited, an individual Seller: 4 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: PR Energy Holding Limited, Pioneer Builders and P. Prathap Reddy, P R Cement Holdiings Limited Seller: Sriba Industries Limited, P R Cement Holdiings Limited , Pioneer Builderrs Limited |
| Mar 2012 | Funding round | ₹23.62 Cr | Investors: Sriba Industries Limited, PR Energy Holding Limited, Pioneer Genco Limited |
To see the full deal history of Pioneer Power 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
Pioneer Power Limited has 57 court cases on record: 23 filed by Pioneer Power, 34 filed against it. 9 cases are pending and 48 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 45 | 27 | 6 |
| District courts | 10 | 6 | 3 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Revision petition | Filed against the company by Pioneer Genco Limited | Pending |
| High Court for State of Telangana | Revision petition | Filed against the company by Pioneer Power Corporation Limited | Pending |
| High Court for State of Telangana | Court case (COMCA) | Filed against the company by Pcil Power and Holdings Limited | Pending |
| High Court, TELANGANA | Appeal | Filed against the company by Gail (India) Ltd., | Pending |
| High Court for State of Telangana | Revision petition | Filed against the company by M/S Pioneer Aluminium Industries Limited and 1 other | Disposed |
To see the full case history of Pioneer Power 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 Pioneer Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pioneer Power Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Pioneer Power has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCA3270A1ZG | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pioneer Power Limited, buy the company report.
Recent activity
Pioneer Power Limited has 14 board changes on record since 2002: 6 appointments and 8 cessations. The latest: Venugopal Reddy Petluru was appointed as Additional Director on 29 Nov 2025.
28 earlier events are in the company report.
News
Frequently asked questions
Pioneer Power is an active public limited company based in Hyderabad, Telangana, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 22 October 1998 (28+ years old) and is registered under CIN U40100TG1998PLC030368.
Pioneer Power has 6 current directors and KMP:
- Manikanth Vasudevan - Whole-Time Director
- Venugopal Reddy Petluru - Additional Director
- Venugopal Reddy Puttamreddy - Director
- Satish Reddy Katta - Director
- Haider Ali - Company Secretary
- Naresh Mekalasatyanarayana - Cfo
The latest financial statements of Pioneer Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pioneer Power is 33AADCA3270A1ZG, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Pioneer Power is U40100TG1998PLC030368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pioneer Power has 57 court cases on record: 23 filed by the company and 34 filed against it. 9 are pending. Most are in the high courts.
Pioneer Power was incorporated on 22 October 1998, making it 28+ years old. It is registered with the Registrar of Companies, Hyderabad.
Pioneer Power has 7 deals on record (6 secondary share transfers, 1 funding round), with disclosed funding of ₹23.62 Cr; the latest was in March 2016.
Venugopal Reddy Petluru was appointed as Additional Director on 29 Nov 2025. Satish Reddy Katta ceased to be Additional Director on 24 Sep 2025. Naresh Mekalasatyanarayana was appointed as CFO on 03 Jun 2025. Pioneer Power has 14 board changes on record in total.
Pioneer Power can be reached through the website pioneerpower.in. Its registered office is in Hyderabad, Telangana, India.