Seaside Utilities Private Limited
About Seaside Utilities Private Limited
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Seaside Utilities Private Limited is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Sips Utilities Private Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 11 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U40107OR2012PTC016323. Its GSTIN is 21AASCS4353D1ZG (Odisha).
The company has an authorised share capital of ₹47.94 Cr and a paid-up capital of ₹47.94 Cr. It is led by directors including Vivekananda Biswal and Ravinder Sindhu.
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. 133 Dist. Center Chandrashekhar Pur, Bhubaneswar, Odisha, India – 751021.
As per the financials filed for FY 2021, the company reported a revenue of ₹28,931, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹71.33 Lakh and EBITDA of -₹25.19 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 96% over three years and 86% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 3 cases are pending. The company has 23 deals on record (19 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹35.58 Cr; the latest was in April 2023.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Seaside Utilities Private Limited's registered office is in Bhubaneswar, Odisha. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. 133 Dist. Center Chandrashekhar Pur, Bhubaneswar, Odisha, India – 751021
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Seaside Utilities 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
Financials of Seaside Utilities Private Limited
FY 2025 filings availableSeaside Utilities Private Limited reported revenue of ₹28,931 (down 98% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 86% over five years, including a 98% fall 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹28,931 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹25.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹71.33 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Seaside Utilities Private Limited, buy the company report.
Board of directors of Seaside Utilities Private Limited
Seaside Utilities has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivekananda Biswal Also directs: River Side Utilities Private Limited, Angelique International Limited, Utility Avenue Private Limited and 1 more | Director | 11 Dec 2012 | 13 Years 10 Months | Current |
| Ravinder Sindhu Also directs: River Side Utilities Private Limited, Paramitra Smart Infra Private Limited, Paramitra Hotels N Resorts Private Limited and 4 more | Director | 10 Jan 2019 | 7 Years 9 Months | Current |
| Satya Pal Sindhu Also directs: Param Mitra Mining Services LLP, Sindhu Farms Pvt Ltd, Shyam Indus Solar Power Private Limited and 5 more | Director | 11 Dec 2012 | 13 Years 10 Months | Current |
Auditor
Seaside Utilities Private Limited is audited by KUMRA BHATIA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KUMRA BHATIA & CO | FY 2021 | 002848N |
Shareholding
The shareholding of Seaside Utilities Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Seaside Utilities Private Limited, buy the company report.
Deals & funding
Seaside Utilities Private Limited has 23 deals on record (19 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹35.58 Cr; the latest was in April 2023.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: R & T Testing Laboratories Private Limited |
| Apr 2023 | Secondary share transfer | Undisclosed | Buyer: Absorbengie Power Limited Seller: R & T Testing Laboratories Private Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Paramitra Holdings Private Limited, an individual Seller: R & T Testing Laboratories Private Limited , Param Mitra Holdings Private Limited |
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: R & T Testing Laboratories Private Limited Seller: Sips Utilities Private Limited |
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: R & T Testing Laboratories Private Limited |
To see the full deal history of Seaside Utilities Private 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
Seaside Utilities Private Limited has 12 court cases on record: 6 filed by Seaside Utilities, 6 filed against it. 3 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 6 | 2 |
| District courts | 2 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by TP Central Odisha Distribution Limited | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against BM, Idbi Bank Ltd and 4 others | Disposed |
| High Court, ORISSA | Writ petition | Filed by the company against The Union of India and 7 others | Pending |
| District court, Khurda, Orissa | Civil suit | Filed by the company against an individual | Pending |
| High Court, ORISSA | Arbitration matter | Filed by the company against individuals | Disposed |
To see the full case history of Seaside Utilities 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 Seaside Utilities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Seaside Utilities Private Limited has a workforce of 1 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Seaside Utilities has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AASCS4353D1ZG | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Seaside Utilities Private Limited, buy the company report.
Recent activity
Seaside Utilities Private Limited has 5 board changes on record since 2012: 3 appointments and 2 cessations. The latest: Chaman Deep Singh ceased to be Company Secretary on 01 Mar 2020.
Frequently asked questions
Seaside Utilities is an active private limited company based in Bhubaneswar, Odisha, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 11 December 2012 (14+ years old) and is registered under CIN U40107OR2012PTC016323.
Seaside Utilities has 3 current directors:
- Vivekananda Biswal - Director
- Ravinder Sindhu - Director
- Satya Pal Sindhu - Director
The latest financial statements of Seaside Utilities 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 Seaside Utilities is 21AASCS4353D1ZG, registered in Odisha.
The CIN (Corporate Identification Number) of Seaside Utilities is U40107OR2012PTC016323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Seaside Utilities has 12 court cases on record: 6 filed by the company and 6 filed against it. 3 are pending. Most are in the high courts.
Seaside Utilities was incorporated on 11 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Cuttack.
Seaside Utilities has 23 deals on record (19 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹35.58 Cr; the latest was in April 2023.
Chaman Deep Singh ceased to be Company Secretary on 01 Mar 2020. Ravinder Sindhu ceased to be Additional Director on 26 Sep 2019. Ravinder Sindhu was appointed as Director on 10 Jan 2019. Seaside Utilities has 5 board changes on record in total.
The registered office of Seaside Utilities is at Plot No. 133 Dist. Center Chandrashekhar Pur, Bhubaneswar, Odisha, India – 751021.