Sinnar Thermal Power Limited
About Sinnar Thermal Power Limited
Data last updated:
Sinnar Thermal Power Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Rattanindia Power Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 03 January 2007.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70109DL2007PLC157316. Its GSTIN is 07AABCI6188D1ZK (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹65.3 Cr and a paid-up capital of ₹31.98 Cr. It was formerly known as Indiabulls Realtech Limited and Rattanindia Nasik Power Limited. It is led by directors including Narayanasany Jeevagan and Himanshu Mathur.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Basement A – 103 Road No. 4 Mahipalpur Extension, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.8 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹211.9 Cr and EBITDA of -₹24.7 Cr. Revenue has declined at a compounded annual rate (CAGR) of 69% over three years and 25% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15,435 Cr and satisfied charges of ₹420 Cr on record. Court records list 73 cases involving the company, including 25 filed by the company and 49 filed against it; 28 cases are pending. The company has 12 deals on record (8 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹2,750.22 Cr; the latest was in January 2018.
Company details
Name history
Sinnar Thermal Power has undergone 2 name changes throughout its history. The company was previously known as Indiabulls Realtech Limited, and Rattanindia Nasik Power Limited. The current legal name is Sinnar Thermal Power Limited.
| Company Name | Status |
|---|---|
| Sinnar Thermal Power Limited | Current |
| Indiabulls Realtech Limited | Previous |
| Rattanindia Nasik Power Limited | Previous |
Contact details
Sinnar Thermal Power Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressBasement A – 103 Road No. 4 Mahipalpur Extension, New Delhi, Delhi, India – 110037
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Sinnar Thermal 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
Business activity
The main business activity of Sinnar Thermal 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 Sinnar Thermal Power Limited
FY 2023 filings availableSinnar Thermal Power Limited reported revenue of ₹21.8 Lakh (down 64% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 64% fall in the latest year. EBITDA fell 24% 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 | -₹24.7 Cr | ||||
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| Net Profit (PAT) | -₹211.9 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 Sinnar Thermal Power Limited, buy the company report.
Board of directors and KMP of Sinnar Thermal Power Limited
Sinnar Thermal Power Limited currently reports 5 directors and 1 key managerial person. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narayanasany Jeevagan | Director | 30 Sep 2014 | 12 Years 0 Months | As last reported |
| Himanshu Mathur Also directs: Rattanindia Power Limited | Director | 11 Sep 2023 | 3 Years 1 Months | As last reported |
| Sandeep Mittal Also directs: Apporio Exports Private Limited | Cfo | 02 Apr 2019 | 7 Years 6 Months | As last reported |
| Lokesh Singh Also directs: Tashila Logistics Private Limited | Director | 15 Oct 2020 | 6 Years 0 Months | As last reported |
| Rahul Jindal | Irp/Rp/Liquidator | 16 Apr 2024 | 2 Years 6 Months | As last reported |
| Gautam Wazir Also directs: Camellia Energetics Private Limited, Neotec Insurance Brokers Limited, Antheia Engineers Private Limited and 4 more | Manager | 22 May 2017 | 9 Years 5 Months | As last reported |
Auditor
Sinnar Thermal Power 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 Sinnar Thermal 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 Sinnar Thermal Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2017 | 100094694 | Others | ₹151.59 Cr | Open | |
| 30 Nov 2016 | 100065527 | Others | ₹7,540.21 Cr | Open | |
| 28 Dec 2015 | 100028742 | Axis Bank Limited | ₹98 Cr | Open | |
| 04 Jul 2013 | 10438357 | Idbi Trusteeship Services Limited | ₹75 Cr | Open | |
| 04 Jul 2013 | 10438354 | Idbi Trusteeship Services Limited | ₹30 Cr | Open |
To see the full charge records of Sinnar Thermal Power Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Sinnar Thermal Power Limited has 12 deals on record (8 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹2,750.22 Cr; the latest was in January 2018.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2018 | Funding round | ₹363.56 Cr | Investors: Rattanindia Power Limited |
| Jul 2016 | Funding round | ₹159.28 Cr | Investors: Rattanindia Power Limited |
| Feb 2016 | Funding round | ₹19.59 Cr | Investors: Rattanindia Power Limited |
| Mar 2015 | Funding round | ₹392.53 Cr | Investors: Rattanindia Power Limited |
| Feb 2013 | Funding round | ₹352.3 Cr | Investors: Rattanindia Power Limited |
To see the full deal history of Sinnar Thermal 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
Sinnar Thermal Power Limited has 73 court cases on record: 25 filed by Sinnar Thermal Power, 49 filed against it. 28 cases are pending and 45 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 25 | 9 |
| NCLAT | 19 | 16 | 15 |
| District courts | 8 | 3 | 4 |
| Supreme Court | 4 | 2 | 0 |
| NCLT | 3 | 3 | 0 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Rattanindia Power Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by RR Infralands Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by RR Infralands Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by RR Infralands Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by Rattanindia Power Limited | Pending |
To see the full case history of Sinnar Thermal 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.
Credit ratings & regulatory alerts
Sinnar Thermal Power Limited was last rated by Care on 11 Dec 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Dec 2025 |
To see the full credit ratings and regulatory alerts of Sinnar Thermal Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sinnar Thermal Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sinnar Thermal Power Limited has a workforce of 12 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Sinnar Thermal Power has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI6188D1ZK | Delhi | Active | 26 Jun 2018 |
| 27AABCI6188D2ZH | Maharashtra | Active | 07 Mar 2020 |
To see the full GST registrations and return filing status of Sinnar Thermal Power Limited, buy the company report.
Recent activity
Sinnar Thermal Power Limited has 33 board changes on record since 2008: 6 appointments and 27 cessations. The latest: Adarsh Sharma ceased to be Irp/Rp/Liquidator on 16 Apr 2024.
39 earlier events are in the company report.
Frequently asked questions
Sinnar Thermal Power is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Sinnar Thermal Power is a company under insolvency, formerly operating as a public limited company based in New Delhi, Delhi, India. The company works in thermal power generation and plants, within the energy and power industry. It was incorporated on 03 January 2007 and is registered under CIN U70109DL2007PLC157316. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sinnar Thermal Power has 6 current directors and KMP:
- Narayanasany Jeevagan - Director
- Himanshu Mathur - Director
- Lokesh Singh - Director
- Sandeep Mittal - Cfo
- Rahul Jindal - Irp/Rp/Liquidator
- Gautam Wazir - Manager
The latest financial statements of Sinnar Thermal Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sinnar Thermal Power is U70109DL2007PLC157316. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sinnar Thermal Power has open charges of ₹15,435 Cr and satisfied charges of ₹420 Cr as per latest MCA filings.
Sinnar Thermal Power has 73 court cases on record: 25 filed by the company and 49 filed against it. 28 are pending. Most are in the high courts.
Sinnar Thermal Power was incorporated on 03 January 2007. It is registered with the Registrar of Companies, Delhi.
Sinnar Thermal Power has 12 deals on record (8 funding rounds, 3 secondary share transfers, 1 acquisition), with disclosed funding of ₹2,750.22 Cr; the latest was in January 2018.
Adarsh Sharma ceased to be Irp/Rp/Liquidator on 16 Apr 2024. Rahul Jindal was appointed as Irp/Rp/Liquidator on 16 Apr 2024. Himanshu Mathur was appointed as Director on 11 Sep 2023. Sinnar Thermal Power has 33 board changes on record in total.