MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-12-0001979
Shah Power Private Limited - engineering in Davanagere, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹263.88 Cr
▲ 19% YoY
Net profit · FY 2024
₹18 Cr
Net margin 6.8%
EBITDA · FY 2024
₹30.4 Cr
EBITDA margin 11.5%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.54 Cr
Issued & subscribed
Open charges
₹288.9 Cr
Satisfied ₹22.1 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
100
Provident fund records
About Shah Power Private Limited
Data last updated:
Shah Power Private Limited is a private limited company based in Davanagere, Karnataka, India. It operates in the metal foundry and fabrication services segment of the engineering sector. It was incorporated on 24 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U45209KA2009PTC050234. Its GSTIN is 29AAOCS0976N1ZE (Karnataka). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.54 Cr. It was formerly known as Shah Infra Towers Private Limited. It is led by directors Ajit Kumar Ramanlal Shah and Kalpesh Kumar Ramanlal Jain.
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 No. 8 To 10 33 To 42 Karur Industrial Area P B Road, Davanagere, Karnataka, India – 577006.
As per the financials filed for FY 2024, the company reported a revenue of ₹263.88 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹18 Cr (net margin 6.8%) and EBITDA of ₹30.4 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 25% over five years.
The company has about 100 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Shah Infra Towers. As per MCA filings, the company has open charges of ₹288.9 Cr and satisfied charges of ₹22.1 Cr on record. Court records list 17 cases involving the company, including 13 filed by the company and 4 filed against it; 3 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.75 Cr; the latest was in September 2023.
Shah Power Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-12-0001979). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shahinfratowers.com.
Company details
CIN U45209KA2009PTC050234
Registration Number 050234
Incorporation Date 24 June 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-12-0001979
Recognitions & Rankings of Shah Power
Contact details
Shah Power Private Limited's registered office is in Davanagere, Karnataka. Its website is shahinfratowers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 8 To 10 33 To 42 Karur Industrial Area P B Road, Davanagere, Karnataka, India – 577006
- IndustryEngineering, Metal Foundry & Fabrication Services
To see the full contact details of Shah Power Private Limited, buy the company report.
Comprehensive company report
Shah Power Private Limited - one report that includes everything
- 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
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Brands
Shah Power operates one associated brand: Shah Infra Towers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of towers and structures for energy, telecom, and infrastructure sectors. | shahinfratowers.com |
Business activity
The main business activity of Shah Power is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Shah Power Private Limited, buy the company report.
Financials of Shah Power Private Limited
FY 2025 filings availableShah Power Private Limited reported revenue of ₹263.88 Cr (up 19% YoY) for FY 2024.
Revenue · FY 2024
₹263.88 Cr ▲ 19%
Net profit · FY 2024
₹18 Cr margin 6.8%
EBITDA · FY 2024
₹30.4 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 38%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 41%
3 years · compounded
▲ 57%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 19% growth in the latest year. EBITDA rose 41% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹263.88 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹30.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 6.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Shah Power Private Limited, buy the company report.
Board of directors of Shah Power Private Limited
Shah Power has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajit Kumar Ramanlal Shah Also directs: Shah Medical Devices Private Limited, Shah Eye Care Private Limited, Shah Solar Private Limited and 5 more | Director | 24 Jun 2009 | 17 Years 4 Months | Current |
| Kalpesh Kumar Ramanlal Jain Also directs: Shah Medical Devices Private Limited, Shah Eye Care Private Limited, Shah Solar Private Limited and 5 more | Director | 24 Jun 2009 | 17 Years 4 Months | Current |
Auditor
Shah Power Private Limited is audited by Singhvi Dev & Unni LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhvi Dev & Unni LLP | FY 2024 | 003867S/S200358 |
Shareholding
The shareholding of Shah Power Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shah Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹288.9 Cr
Satisfied charges
₹22.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2026 | 101376485 | Hdfc Bank Limited | ₹7.05 Cr | Open | |
| 16 May 2026 | 101294126 | Hdfc Bank Limited | ₹13.47 Cr | Open | |
| 24 Mar 2025 | 101081174 | Others | ₹79.25 Cr | Open | |
| 24 Mar 2025 | 101081213 | Others | ₹75 Lakh | Open | |
| 06 Nov 2019 | 100304751 | Axis Bank Limited | ₹4.6 Cr | Open |
To see the full charge records of Shah Power Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Shah Power Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.75 Cr; the latest was in September 2023.
Total deals
6
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹3.75 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: Rvs Family Trust Seller: an individual |
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: Rvs Family Trust Seller: 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2012 | Funding round | ₹1.75 Cr | Investors: an individual |
To see the full deal history of Shah Power 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
Shah Power Private Limited has 17 court cases on record: 13 filed by Shah Power, 4 filed against it. 3 cases are pending and 14 are disposed.
Total cases
17
Filed by the company
13
Filed against the company
4
Pending
3
Disposed
14
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 2 | 3 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DAVANGERE, Karnataka | Court case (Com.O.S) | Filed by the company against Ksa Power Infra Pvt Ltd R/By Director Kachapeswaran Vinnavadi | Disposed |
| District court, DAVANGERE, Karnataka | Court case (Com.O.S) | Filed by the company against M/S Inox Wind Ltd R/By Its Managing Director | Disposed |
| District court, DAVANGERE, Karnataka | Civil suit | Filed by the company against Ms Sagar Steel Pvt.Ltd., | Disposed |
| District court, DAVANGERE, Karnataka | Court case (Com.EX.) | Filed by the company against M/S MBM Constructions R/ by Its Managing Partner | Pending |
| District court, DAVANGERE, Karnataka | Criminal complaint | Filed by the company against M/S MBM Construction | Pending |
To see the full case history of Shah 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.
Credit ratings & regulatory alerts
Shah Power Private Limited was last rated by Crisil on 19 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Jun 2020 |
To see the full credit ratings and regulatory alerts of Shah Power Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shah Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shah Power Private Limited has a workforce of 100 employees on its EPFO records as of Nov 27, 2024, across 1 active EPFO establishment.
Employee count
100
Active EPFO establishments
1
Employee growth
-1.96%
GST
Shah Power has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS0976N1ZE | Karnataka | Active | 01 Jul 2017 |
| 29AAUCA9162A1ZD | Karnataka | Active | 02 May 2021 |
| 33AAOCS0976N1ZP | Tamil Nadu | Active | 27 Dec 2022 |
To see the full GST registrations and return filing status of Shah Power Private Limited, buy the company report.
Recent activity
Shah Power Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Neelesh Kumar Ramanlal Shah ceased to be Director on 26 Mar 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.05 Cr with Charge ID 101376485 was registered on 07 Aug 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 61.65 Cr registered on 24 Nov 2016 with Charge ID 100078467 was modified on 22 Jun 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 122.14 Cr registered on 01 Mar 2017 with Charge ID 100088443 was modified on 04 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 13.47 Cr with Charge ID 101294126 was registered on 16 May 2026.
Charges
A charge with Others of Rs. 79.25 Cr registered on 24 Mar 2025 with Charge ID 101081174 was modified on 15 Apr 2026.
AGM
Shah Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shah Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 0.75 Cr with Charge ID 101081213 was registered on 24 Mar 2025.
Charges
A charge with Others amounted to Rs. 79.25 Cr with Charge ID 101081174 was registered on 24 Mar 2025.
Charges
A charge registered on 30 Dec 2017 via Charge ID 100146531 with Others was fully satisfied on 12 Aug 2024.
Charges
A charge with Axis Bank Limited of Rs. 4.60 Cr registered on 06 Nov 2019 with Charge ID 100304751 was modified on 18 Nov 2020.
Charges
A charge with Axis Bank Limited amounted to Rs. 4.60 Cr with Charge ID 100304751 was registered on 06 Nov 2019.
13 earlier events are in the company report.
Frequently asked questions
Shah Power is an active private limited company based in Davanagere, Karnataka, India. The company works in metal foundry and fabrication services, within the engineering industry. It was incorporated on 24 June 2009 (17+ years old) and is registered under CIN U45209KA2009PTC050234.
Shah Power has 2 current directors:
- Ajit Kumar Ramanlal Shah - Director
- Kalpesh Kumar Ramanlal Jain - Director
The latest financial statements of Shah Power 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 Shah Power is 29AAOCS0976N1ZE, registered in Karnataka. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAUCA9162A1ZD (Karnataka), 33AAOCS0976N1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Shah Power is U45209KA2009PTC050234. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shah Power has 17 court cases on record: 13 filed by the company and 4 filed against it. 3 are pending. Most are in the district courts.
Shah Power was incorporated on 24 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Shah Power has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹3.75 Cr; the latest was in September 2023.
Neelesh Kumar Ramanlal Shah ceased to be Director on 26 Mar 2019. Veermati Ramanlal Shah ceased to be Director on 20 Nov 2015. Ajit Kumar Ramanlal Shah was appointed as Director on 24 Jun 2009. Shah Power has 4 board changes on record in total.
Yes, Shah Power is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-12-0001979).