- #840 Ravi Bhushan Bhardwaj & family ₹3,600 Cr

About Sunflag Power Limited
Data last updated:
Sunflag Power Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Sunflag Iron And Steel Co Ltd. It operates in the hydroelectric power solutions segment of the environmental services sector. It was incorporated on 21 August 2003 and has been in existence for over 23 years.
Its director Ravi Bhushan Bhardwaj and family are #840 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH2003PLC448189. Its GSTIN is 27AAKCS3754L1ZS (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Ranjan Chhibba and Ravi Bhushan Satya Dev Bhardwaj.
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 Nagpur, Maharashtra.
Court records list 1 case involving the company, including 1 filed by the company; 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 sunflagsteel.com.
Company details
CIN history
Sunflag Power has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31200MH2003PLC448189, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31200MH2003PLC448189 | Current |
| U31200UR2003PLC027802 | Previous |
| U31200NA2003PLC027802 | Previous |
Recognitions & Rankings of Sunflag Power
Contact details
Sunflag Power Limited's registered office is in Nagpur, Maharashtra. Its website is sunflagsteel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address33/1, Mount Road Sadar, Nagpur, Maharashtra, India – 440001
- IndustryEnvironment, Hydroelectric Power Solutions
To see the full contact details of Sunflag 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
Financials of Sunflag Power Limited
FY 2025 filings availableFinancial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Sunflag Power Limited, buy the company report.
Board of directors of Sunflag Power Limited
Sunflag Power has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjan Chhibba Also directs: Surjagarh Metals and Minerals Limited, Khappa Coal Company Private Limited, Daido D.M.S. India Private Limited and 1 more | Director | 27 Feb 2023 | 3 Years 8 Months | Current |
| Ravi Bhushan Satya Dev Bhardwaj | Director | 21 Aug 2003 | 23 Years 2 Months | Current |
| Pranav Ravi Bhardwaj Also directs: Sunflag Iron and Steel Co Ltd, Supra Corporation Limited, C T Mining Private Limited and 3 more | Director | 21 Aug 2003 | 23 Years 2 Months | Current |
| Srinivasan Mahadevan Iyer Also directs: Supra Corporation Limited, C T Mining Private Limited, Surjagarh Metals and Minerals Limited and 5 more | Director | 09 Feb 2024 | 2 Years 8 Months | Current |
Auditor
Sunflag Power Limited is audited by PATEL SHAH AND JOSHI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL SHAH AND JOSHI | FY 2023 | 107768W |
Legal cases
Sunflag Power Limited has 1 court case on record: 1 filed by Sunflag Power. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARAKHAND | Court case (WPMB) | Filed by the company against Uttarakhand Jal Vidyut Nigam Ltd and 1 other | Pending |
To see the full case history of Sunflag 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sunflag Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sunflag Power has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS3754L1ZS | Maharashtra | Active | 25 Apr 2025 |
To see the full GST registrations and return filing status of Sunflag Power Limited, buy the company report.
Recent activity
Sunflag Power Limited has 10 board changes on record since 2003: 4 appointments and 6 cessations. The latest: Srinivasan Mahadevan Iyer ceased to be Additional Director on 25 Sep 2024.
1 earlier event is in the company report.
News
Frequently asked questions
Sunflag Power is an active public limited company based in Nagpur, Maharashtra, India. The company works in hydroelectric power solutions, within the environment industry. It was incorporated on 21 August 2003 (23+ years old) and is registered under CIN U31200MH2003PLC448189.
Sunflag Power has 4 current directors:
- Ranjan Chhibba - Director
- Ravi Bhushan Satya Dev Bhardwaj - Director
- Pranav Ravi Bhardwaj - Director
- Srinivasan Mahadevan Iyer - Director
The latest financial statements of Sunflag 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 Sunflag Power is 27AAKCS3754L1ZS, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Sunflag Power is U31200MH2003PLC448189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunflag Power has 1 court case on record: 1 filed by the company. 1 is pending.
Sunflag Power was incorporated on 21 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Srinivasan Mahadevan Iyer ceased to be Additional Director on 25 Sep 2024. Srinivasan Mahadevan Iyer was appointed as Director on 09 Feb 2024. Ranjan Chhibba ceased to be Additional Director on 19 Sep 2023. Sunflag Power has 10 board changes on record in total.
Sunflag Power can be reached through the website sunflagsteel.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Sunflag Power is at 331, Mount Road Sadar, Nagpur, Maharashtra, India – 440001.

