Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited - energy and power in Pune, Maharashtra, India. Directors, charges & compliance details.
CIN U33120PN2014PLC172393 Incorporated 03 June 2014 ROC Pune HQ Pune, Maharashtra, India
Merged Public Limited Company energy and power
Data last updated
Revenue · FY 2019
₹1,358.86 Cr
▲ 49% YoY
Net loss · FY 2019
₹299.67 Cr
Net margin -22.1%
EBITDA · FY 2019
₹246.48 Cr
EBITDA margin 18.1%
Authorised capital
₹3,000 Cr
Registered with MCA
Paid-up capital
₹1,543.72 Cr
Issued & subscribed
Satisfied charges
₹7,640 Cr
No open charges
Company age
12 yrs
Est. 2014
Employees · EPFO
224
Provident fund records

About Sterlite Power Grid Ventures Limited

Data last updated:

Sterlite Power Grid Ventures Limited was a public limited company based in Pune, Maharashtra, India, operated as a subsidiary of Sterlite Power Transmission Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 03 June 2014.

The company was registered with the Registrar of Companies (ROC), Pune, under CIN U33120PN2014PLC172393. The company has 10 GST registrations on record, none of which is active.

The company had an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹1,543.72 Cr. It was led by directors including Zhao Haixia and Arun Todarwal Lalchand.

Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 4th Floor Godrej Millennium 9 Koregaon Road, Pune, Maharashtra, India – 411001.

As per the financials filed for FY 2019, the company reported a revenue of ₹1,358.86 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net loss of ₹299.67 Cr (net margin -22.1%) and EBITDA of ₹246.48 Cr (EBITDA margin 18.1%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years.

The company had about 224 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 34 subsidiaries.

As per MCA filings, the company had satisfied charges of ₹7,640 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹550.01 Cr; the latest was in January 2021. Its 10 peer companies in the Power industry (Transmission and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is The Ugar Sugar Works Ltd with revenue of ₹1,420.81 Cr.

The last known website on record is spgvl.in.

Company Details of Sterlite Power Grid Ventures Limited
CIN U33120PN2014PLC172393
Registration Number 172393
Incorporation Date 03 June 2014
ROC Pune
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 30 September 2019
Date of Balance Sheet 31 March 2019
Parent Company Sterlite Power Transmission Limited
Compliance Status Active Compliant
Key People
Hemant Kishangopal Thanvi Cfo Zhao Haixia Director Arun Todarwal Lalchand Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    spgvl.in
  • Social Media
    Locked
  • Registered Address
    4th Floor Godrej Millennium 9 Koregaon Road, Pune, Maharashtra, India – 411001
  • Industry
    Energy and Power, Power Transmission & Distribution Services
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Financials, compliance, directors, charges, ownership and filings for Sterlite Power Grid Ventures Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Sterlite Power Grid Ventures Limited

The main business activity of Sterlite Power Grid Ventures is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distributionLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Sterlite Power Grid Ventures Limited FY 2019 filings available

Sterlite Power Grid Ventures Limited reported revenue of ₹1,358.86 Cr (up 49% YoY) for FY 2019.

Revenue · FY 2019
₹1,358.86 Cr ▲ 49%
Net loss · FY 2019
₹299.67 Cr margin -22.1%
EBITDA · FY 2019
₹246.48 Cr margin 18.1%

Compounded Annual Growth Rate (CAGR) of Sterlite Power Grid Ventures Limited

Revenue CAGR growth
1 year
▲ 49%
3 years · compounded
▲ 39%
EBITDA CAGR growth
1 year
▼ 67%
3 years · compounded
▼ 18%

Revenue has grown at a compounded annual rate (CAGR) of 39% over three years, including 49% growth in the latest year. EBITDA fell 67% 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 of Sterlite Power Grid Ventures Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••••••••••
Other Income••••••••••••••••••••
Total Revenue••••••••••••••••••••
Cost of Materials Consumed••••••••••••••••••••
Employee Benefit Expense••••••••••••••••••••
Finance Costs••••••••••••••••••••
Depreciation and Amortisation••••••••••••••••••••
Other Expenses••••••••••••••••••••
Total Expenses••••••••••••••••••••
EBITDA₹246.48 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)-₹299.67 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 of Sterlite Power Grid Ventures Limited

MetricsFY 2018-19FY 2017-18FY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin18.1%••••••••••••••••
Net Profit Margin-22.1%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Sterlite Power Grid Ventures are in the company report.

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Financial statements from 2015

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Peer Comparison of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited is compared with the companies closest to it by revenue in the Power industry (Transmission and Distribution). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
The Ugar Sugar Works Ltd Listed₹1,420.81 Cr (FY 2025)••••••••8.0%••••Sangli, Maharashtra, India
Meghalaya Power Distribution Corporation Limited₹1,420.6 Cr (FY 2023)••••••••18.0%••••Shillong, Meghalaya, India
Odisha Power Transmission Corporation Limited₹1,398.6 Cr (FY 2025)••••••••8.0%••••Bhubaneswar, Odisha, India
Bihar State Power Transmission Company Limited₹1,398.51 Cr (FY 2023)••••••••10.0%••••Patna, Bihar, India
Assam Power Generation Corporation Limited₹1,395.4 Cr (FY 2025)••••••••12.0%••••Guwahati, Assam, India
Sterlite Power Grid Ventures Limited this company₹1,358.86 Cr (FY 2019)••••••••49.0%••••Pune, Maharashtra, India
Chhattisgarh State Power Transmission Company Limited₹1,293.52 Cr (FY 2024)••••••••10.0%••••Raipur, Chhattisgarh, India
Maharashtra Eastern Grid Power Transmission Company Limited₹1,105.48 Cr (FY 2025)••••••••5.0%••••Ahmedabad, Gujarat, India
Kota Electricity Distribution Limited₹1,076.69 Cr (FY 2025)••••••••5.0%••••Kolkata, West Bengal, India
Sterlite Grid 4 Limited₹1,072.03 Cr (FY 2021)••••••••••••Pune, Maharashtra, India
Vigintillion Wind Turbine Installators Private Limited₹977.79 Cr (FY 2025)••••••••4160.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Sterlite Power Grid Ventures by revenue in the Power industry (Transmission and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited is audited by S R B C & CO LLP for the financial year 2019.

NameStatusAppointment DateCessation Date
S R B C & CO LLPLockedLockedLocked
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Board of Directors and KMP of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited currently reports 6 directors and 1 key managerial person. 15 former directors have served the organization.

Directors and KMP (as last reported)
NameDesignationAppointment DateTenureStatus
Zhao HaixiaDirector11 Sep 20197 Years 1 MonthsAs last reported
Arun Todarwal Lalchand
Also directs: Arun Todarwal & Associates LLP, Arun Todarwal & Co LLP, Laxmi Organic Industries Limited and 5 more
Director22 Jul 20197 Years 2 MonthsAs last reported
Pratik Pravin Agarwal
Also directs: Sterlite Electric Limited, Resonia Limited, Serentica Renewables India Private Limited
Director03 Jun 201412 Years 4 MonthsAs last reported
Arun Sharma
Also directs: Sterlite Grid 5 Limited, Resonia Limited
Manager30 Sep 20206 Years 0 MonthsAs last reported
Hemant Kishangopal ThanviCfo09 Nov 20196 Years 11 MonthsAs last reported
Narayanaswamy Alampallam Ramakrishnan
Also directs: Sterlite Electric Limited, Sesa Resources Limited, Sesa Mining Corporation Limited and 5 more
Director23 Apr 201511 Years 5 MonthsAs last reported
Showing 6 of 7 current directors and KMP. View all directors and KMP

Ownership and Shareholding of Sterlite Power Grid Ventures Limited

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Charges & Borrowings of Sterlite Power Grid Ventures Limited

Open charges
None
Satisfied charges
₹7,640 Cr
Breakdown by lending institutions
Others₹4,090.00 Cr
Sbicap Trustee Company Limited₹2,250.00 Cr
Idbi Trusteeship Services Limited₹925.00 Cr
Il & Fs Trust Company Limited₹200.00 Cr
Axis Trustee Services Limited₹175.00 Cr
Latest charge details
DateLenderAmountStatus
20 Sep 2019Others₹640 CrSatisfied
13 Aug 2019Others₹1,150 CrSatisfied
15 May 2019Others₹550 CrSatisfied
02 May 2019Others₹550 CrSatisfied
13 Sep 2018Others₹300 CrSatisfied

Total charge records: 11 View all charges

Deals & Funding of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited has 7 deals on record (4 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹550.01 Cr; the latest was in January 2021.

Total deals
7
Secondary share transfers
4
Acquisitions
2
Funding round
1
Disclosed funding
₹550.01 Cr

Deals on record (5 of 7)

WhenDealAmountParties
Jan 2021AcquisitionUndisclosedBuyer: Sterlite Electric Limited
Oct 2018Secondary share transferUndisclosedBuyer: Sterlite Electric Limited
Seller: Sterlite Technologies Limited , Standard Chartered Private Equity, Marina Hari (IV) Pte Limited
Mar 2017Secondary share transferUndisclosedBuyer: Marina Hari (IV) Pte Limited, 3 individuals
Seller: Sterlite Technologies Limited , Standard Chartered Financial Holdings, 2 individuals
Jul 2014Funding round₹550.01 CrInvestors: Standard Chartered Financial Holdings, Standard Chartered Private Equity, Sterlite Technologies Limited
Jul 2014Acquisition₹1,198.03 CrBuyer: Sterlite Technologies Limited
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Full deal history

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Employees and EPFO Compliance at Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited has a workforce of 224 employees as of Mar 31, 2024.

Employee count
224
Active EPFO establishments
2
Employee growth
-6.28%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Group Structure of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures has 34 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.

34
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company NameCINShares Held
Sterlite Grid 10 LimitedU29100DL2017PLC324935Locked
Sterlite Grid 18 LimitedU29110DN2019PLC005565Locked
Indigrid 2 LimitedU29130PN2014PLC152212Locked
Sterlite Grid 5 LimitedU29190DL2016PLC306470Locked
Sterlite Grid 16 LimitedU29249DN2019PLC005563Locked
Sterlite Grid 4 LimitedU29253DL2015PLC281690Locked

Showing major subsidiaries. Total: 34.

CIN History of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures has one previous CIN (Corporate Identification Number): U33120DN2014PLC000454. The current CIN is U33120PN2014PLC172393, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U33120PN2014PLC172393Current
U33120DN2014PLC000454Previous

Recent Activity on Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures Limited has 19 board changes on record since 2014: 7 appointments and 12 cessations. The latest: Arun Sharma was appointed as Manager on 30 Sep 2020.

Charges
A charge registered on 13 Aug 2019 via Charge ID 100288082 with Others was fully satisfied on 04 Dec 2020.
Appointed
Arun Sharma was appointed as Manager.
Charges
A charge registered on 20 Sep 2019 via Charge ID 100289944 with Others was fully satisfied on 09 Sep 2020.
Charges
A charge registered on 28 Nov 2016 via Charge ID 100065167 with Idbi Trusteeship Services Limited was fully satisfied on 21 Apr 2020.
Ceased
Avaantika Rajesh Kakkar ceased to be Director.
Charges
A charge registered on 15 May 2019 via Charge ID 100266392 with Others was fully satisfied on 21 Nov 2019.
Charges
A charge registered on 02 May 2019 via Charge ID 100258444 with Others was fully satisfied on 11 Nov 2019.
Appointed
Hemant Kishangopal Thanvi was appointed as CFO.
Ceased
Pooja Aggarwal ceased to be Cfo(Kmp).
AGM
Sterlite Power Grid Ventures Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Ceased
Arun Todarwal Lalchand ceased to be Additional Director.
Ceased
Zhao Haixia ceased to be Additional Director.

34 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Sterlite Power Grid Ventures Limited

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MSME Payment Delays by Sterlite Power Grid Ventures Limited

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Subsidiaries & Group Companies of Sterlite Power Grid Ventures Limited

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GST Compliance of Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.

Total GSTINs
10
Cancelled / inactive
10
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MCA Filings & Documents of Sterlite Power Grid Ventures Limited

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Related news about Sterlite Power Grid Ventures Limited

Frequently Asked Questions about Sterlite Power Grid Ventures Limited

Sterlite Power Grid Ventures has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Sterlite Power Grid Ventures was a public limited company based in Pune, Maharashtra, India. The company worked in power transmission and distribution services, within the energy and power industry. It was incorporated on 03 June 2014 and is registered under CIN U33120PN2014PLC172393. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Sterlite Power Grid Ventures was incorporated on 03 June 2014. It is registered with the Registrar of Companies, Pune.

Sterlite Power Grid Ventures had 7 directors and KMP:

The CIN (Corporate Identification Number) of Sterlite Power Grid Ventures is U33120PN2014PLC172393. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Sterlite Power Grid Ventures is at 4th Floor Godrej Millennium 9 Koregaon Road, Pune, Maharashtra, India – 411001.

Sterlite Power Grid Ventures can be reached through the website spgvl.in. Its registered office is in Pune, Maharashtra, India.

Sterlite Power Grid Ventures reported revenue of ₹1,358.86 Cr for FY 2019 (up 49% YoY).

Sterlite Power Grid Ventures has an authorised share capital of ₹3,000 Cr and a paid-up capital of ₹1,543.72 Cr.

Sterlite Power Grid Ventures reported a net loss of ₹299.67 Cr (net margin -22.1%) and EBITDA of ₹246.48 Cr (EBITDA margin 18.1%) for FY 2019, as per its filed financial statements.

No. Sterlite Power Grid Ventures has 10 GST registrations on record and all of them are cancelled or inactive.

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