About Sai Spurthi Power Private Limited
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Sai Spurthi Power Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Greenko Energies Private Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 16 May 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40105KA2002PTC030502. Its GSTIN is 29AAHCS3249M1ZR (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹17.82 Cr. It is led by directors Anand Chalamalasetti and Deepak Kumar Gopalani.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.95 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹9.5 Cr (net margin -86.7%) and EBITDA of ₹7.6 Cr (EBITDA margin 69.3%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 2% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Greenko Group. As per MCA filings, the company has open charges of ₹76.02 Cr and satisfied charges of ₹129.98 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 1 case is 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 greenkogroup.com.
Company details
Contact details
Sai Spurthi Power Private Limited's registered office is in Bangalore, Karnataka. Its website is greenkogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPrestige Khoday Tower Municipal No.5(Old And 5) Ground Floor Cubban Road (Rajbhavan Roa, D), Bangalore, Karnataka, India – 560001
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Sai Spurthi Power Private 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
Sai Spurthi Power operates one associated brand: Greenko Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy transition and decarbonization solutions are provided by Greenko Group. | greenkogroup.com |
Business activity
The main business activity of Sai Spurthi 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 |
To see the full business activity and turnover split of Sai Spurthi Power Private Limited, buy the company report.
Financials of Sai Spurthi Power Private Limited
FY 2025 filings availableSai Spurthi Power Private Limited reported revenue of ₹10.95 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 10% fall in the latest year. EBITDA rose 5% 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 | ₹7.6 Cr | ||||
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| Net Profit (PAT) | -₹9.5 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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| Profitability | |||||
| EBITDA Margin | 69.3% | ||||
| Net Profit Margin | -86.7% | ||||
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To see the full financial statements and ratios of Sai Spurthi Power Private Limited, buy the company report.
Board of directors of Sai Spurthi Power Private Limited
Sai Spurthi Power has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anand Chalamalasetti Also directs: Rithwik Energy Generation Private Limited, Greenko Sumez Hydro Energies Private Limited, Sei Eravi Power Private Limited and 5 more | Director | 03 Jun 2014 | 12 Years 4 Months | Current |
| Deepak Kumar Gopalani Also directs: L V S Power Private Limited, Greenko Hatkoti Energy Private Limited, Sobra Hydro Energies Private Limited and 5 more | Director | 31 Mar 2023 | 3 Years 6 Months | Current |
Peer comparison
Sai Spurthi Power Private Limited is compared with the 9 companies closest to it by revenue in the Cleantech industry (Hydro 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 |
|---|---|---|---|---|---|---|
| Tungabhadra Power Company Private Limited | ₹11.43 Cr (FY 2025) | 81.0% | Bangalore, Karnataka, India | |||
| Atria Hydel Power Private Limited | ₹11.35 Cr (FY 2025) | 31.0% | Bangalore, Karnataka, India | |||
| Vindhyachal Hydro Power Private Limited | ₹11.16 Cr (FY 2023) | -1.0% | Mumbai, Maharashtra, India | |||
| S L V Power Private Limited | ₹11.07 Cr (FY 2025) | 32.0% | Bangalore, Karnataka, India | |||
| Sai Spurthi Power Private Limitedthis company | ₹10.95 Cr (FY 2025) | -₹9.5 Cr | -86.7% | -10.0% | 34 | Bangalore, Karnataka, India |
| Mahati Hydro Power Veer Project Private Limited | ₹10.93 Cr (FY 2025) | 7.0% | Pune, Maharashtra, India | |||
| Greenko Tejassarnika Hydro Energies Private Limited | ₹10.92 Cr (FY 2025) | 33.0% | Hyderabad, Telangana, India | |||
| Gee Cee Hydro Power Private Limited | ₹10.83 Cr (FY 2025) | 6.0% | Shimla, Himachal Pradesh, India | |||
| Aqua Power Private Limited | ₹10.63 Cr (FY 2025) | 1.0% | Barnala, Punjab, India | |||
| Greenko Sumez Hydro Energies Private Limited | ₹10.55 Cr (FY 2025) | -14.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Sai Spurthi Power Private Limited, buy the company report.
Auditor
Sai Spurthi Power Private Limited is audited by BRAHMAYYA & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2022 | 000511S |
Shareholding
The shareholding of Sai Spurthi Power Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Public | |||||
| Others |
To see the full shareholding pattern of Sai Spurthi Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2025 | 101229160 | Idbi Trusteeship Services Limited | ₹69 Cr | Open | |
| 07 May 2008 | 10144350 | Punjab National Bank | ₹7.02 Cr | Open | |
| 07 Nov 2014 | 10534947 | Idbi Trusteeship Services Limited | ₹34.02 Cr | Satisfied | |
| 22 Mar 2011 | 10278333 | State Bank of India | ₹35 Cr | Satisfied | |
| 15 Apr 2009 | 10155182 | Srei Equipment Finance Private Limited | ₹1 Cr | Satisfied |
To see the full charge records of Sai Spurthi Power Private Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Sai Spurthi Power Private Limited has 5 court cases on record: 1 filed by Sai Spurthi Power, 4 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms. Srei Equipment Finance Pvt.Ltd. | Pending |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by Indian Renewable Energy Developmentagency Limited | Disposed |
| District court, Hyderabad CCC, Telangana | Civil suit | Filed by the company against Ms. Sagar Power Neerukatte Private Limited and 1 other | Disposed |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Indian Renewable Energy Developmentagency Limited | Disposed |
| NCLAT, Company Appeal(AT)(Ins) | Insolvency matter | Filed against the company by Indian Renewable Energy Developmentagency Limited | Disposed |
To see the full case history of Sai Spurthi Power Private 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 Sai Spurthi Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sai Spurthi Power Private Limited has a workforce of 34 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Sai Spurthi Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCS3249M1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sai Spurthi Power Private Limited, buy the company report.
Recent activity
Sai Spurthi Power Private Limited has 28 board changes on record since 2003: 15 appointments and 13 cessations. The latest: Deepak Kumar Gopalani was appointed as Director on 31 Mar 2023.
35 earlier events are in the company report.
News
Frequently asked questions
Sai Spurthi Power is an active private limited company based in Bangalore, Karnataka, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 16 May 2002 (24+ years old) and is registered under CIN U40105KA2002PTC030502.
Sai Spurthi Power has 2 current directors:
- Anand Chalamalasetti - Director
- Deepak Kumar Gopalani - Director
The latest financial statements of Sai Spurthi 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 Sai Spurthi Power is 29AAHCS3249M1ZR, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sai Spurthi Power is U40105KA2002PTC030502. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sai Spurthi Power has 5 court cases on record: 1 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Sai Spurthi Power was incorporated on 16 May 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Sai Spurthi Power by revenue are Tungabhadra Power Company Private Limited, Atria Hydel Power Private Limited, Vindhyachal Hydro Power Private Limited, S L V Power Private Limited, Mahati Hydro Power Veer Project Private Limited and 4 more, all in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution).
Deepak Kumar Gopalani was appointed as Director on 31 Mar 2023. Nandamudi Vivekananda ceased to be Director on 31 Mar 2023. Pasupuleti Jagannadarao ceased to be Director on 04 Jun 2014. Sai Spurthi Power has 28 board changes on record in total.
Sai Spurthi Power can be reached through the website greenkogroup.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Sai Spurthi Power is at Prestige Khoday Tower Municipal No.5Old And 5 Ground Floor Cubban Road Rajbhavan Roa, D, Bangalore, Karnataka, India – 560001.