About Tbea Energy (India) Private Limited
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Tbea Energy (India) Private Limited is a private limited company based in Karjan, Gujarat, India, a subsidiary of Tbea Shenyang Transformer Group Co. Ltd.. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 07 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40104GJ2010PTC071817. Its GSTIN is 24AADCT5210F1ZU (Gujarat). The company holds 24 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹933 Cr and a paid-up capital of ₹924.34 Cr. It is led by directors Zhijin Chen (Managing Director) and Rutvik Nimeshbhai Patel.
Its last annual general meeting (AGM) was held on 13 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tbeagreenenergyparknationalhighwayno.8 Village:Miyagam, Karjan, Gujarat, India – 391240.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,531.9 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net loss of ₹99.2 Cr (net margin -6.5%) and EBITDA of ₹22.96 Cr (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 6% over five years.
The company has about 445 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹1,137 Cr and satisfied charges of ₹320 Cr on record. Court records list 98 cases involving the company, including 56 filed by the company and 42 filed against it; 30 cases are pending. The company has 6 deals on record (2 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹309.92 Cr; the latest was in June 2017. Its 6 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 4 smaller; the largest is Andritz Hydro Private Limited with revenue of ₹1,760.22 Cr. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 776 overdue payments to 269 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tbeaindia.com.
Company details
CIN history
Tbea Energy (India) has one previous CIN (Corporate Identification Number): U40104DL2010PTC205387. The current CIN is U40104GJ2010PTC071817, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40104GJ2010PTC071817 | Current |
| U40104DL2010PTC205387 | Previous |
Contact details
Tbea Energy (India) Private Limited's registered office is in Karjan, Gujarat. Its website is tbeaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTbeagreenenergyparknationalhighwayno.8 Village:Miyagam, Karjan, Gujarat, India – 391240
- IndustryEnergy and Power, Power Equipment Manufacturers, BoP & BTG Services, Power EPC
To see the full contact details of Tbea Energy (India) 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
Business activity
The main business activities of Tbea Energy (India) are manufacturing, trade and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading and other professional, scientific and technical activities. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Tbea Energy (India) Private Limited, buy the company report.
Financials of Tbea Energy (India) Private Limited
FY 2025 filings availableTbea Energy (India) Private Limited reported revenue of ₹1,531.9 Cr (up 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 42% growth in the latest year. EBITDA rose 116% 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 |
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| EBITDA | ₹22.96 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹99.2 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | ||||
| Net Profit Margin | -6.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Tbea Energy (India) Private Limited, buy the company report.
Board of directors of Tbea Energy (India) Private Limited
Tbea Energy (India) has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rutvik Nimeshbhai Patel Also directs: Tbea (India) Transformer Private Limited, Tbea Investment & Development (India) Private Limited, Renp Green Energy LLP and 1 more | Director | 13 Mar 2019 | 7 Years 7 Months | Current |
| Zhijin Chen | Managing Director | 01 Oct 2010 | 16 Years 1 Months | Current |
Peer comparison
Tbea Energy (India) Private Limited is compared with the 6 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Andritz Hydro Private Limited | ₹1,760.22 Cr (FY 2024) | 24.0% | Mandideep, Madhya Pradesh, India | |||
| Goldi Sun Private Limited | ₹1,576.12 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India | |||
| Tbea Energy (India) Private Limitedthis company | ₹1,531.9 Cr (FY 2024) | -₹99.2 Cr | -6.5% | 42.0% | 445 | Karjan, Gujarat, India |
| Eaton Power Quality Private Limited | ₹1,492.37 Cr (FY 2025) | 15.0% | Puducherry, India | |||
| Kryfs Power Components Limited | ₹1,452.14 Cr (FY 2025) | 27.0% | Mumbai, Maharashtra, India | |||
| Grew Energy Private Limited | ₹1,429.59 Cr (FY 2025) | 605.0% | Ahmedabad, Gujarat, India | |||
| Salzer Electronics Limited | ₹1,423.67 Cr (FY 2025) | 22.0% | Tamil Nadu, India |
To see the full peer comparison of Tbea Energy (India) Private Limited, buy the company report.
Auditor
Tbea Energy (India) Private Limited is audited by S R B C & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2022 | 324982E/E300003 |
Shareholding
The shareholding of Tbea Energy (India) Private 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 Tbea Energy (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Feb 2026 | 101237968 | Axis Bank Limited | ₹75 Cr | Open | |
| 11 Dec 2020 | 100396809 | The Hongkong and Shanghai Banking Corporation Limited | ₹133.5 Cr | Open | |
| 17 Oct 2014 | 10527521 | State Bank of India | ₹427.5 Cr | Open | |
| 26 Sep 2014 | 10524887 | Others | ₹300 Cr | Open | |
| 28 May 2014 | 10503995 | The Hongkong and Shanghai Banking Corporation Limited | ₹51 Cr | Open |
To see the full charge records of Tbea Energy (India) Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Tbea Energy (India) Private Limited has 6 deals on record (2 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹309.92 Cr; the latest was in June 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Rights issue | ₹344.65 Cr | Investors: Tbea Shenyang Transformer Group Co. Limited |
| Mar 2015 | Rights issue | ₹269.76 Cr | Investors: Tbea Shenyang Transformer Group Co. Limited |
| Jun 2012 | Funding round | ₹172.24 Cr | Investors: Tbea Shenyang Transformer Group Co. Limited |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: Tbea Shenyang Transformer Group Co. Limited & Zhang Xin Seller: an individual |
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: Tbea Shenyang Transformer Group Co. Limited & Zhang Xin Seller: an individual |
To see the full deal history of Tbea Energy (India) 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
Tbea Energy (India) Private Limited has 98 court cases on record: 56 filed by Tbea Energy (India), 42 filed against it. 30 cases are pending and 68 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 43 | 28 | 12 |
| High courts | 37 | 12 | 6 |
| NCLAT | 12 | 0 | 12 |
| Supreme Court | 3 | 1 | 0 |
| NCLT | 3 | 1 | 0 |
Cases on record (5 of 98)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S. Shriniwasa Roadways Pvt.Ltd. Through Authorised Person Mr. Janki Singh Madhusidan Singh | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Apex Buildsys Ltd. Through Mr.Jainendra Maldahiyar | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against M/S Bharat Heavy Electricals Limited | Pending |
| High Court of Punjab and Haryana | Arbitration matter | Filed by the company against Haryana Vidyut Prasaran Nigam Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Isolux Corsan India Engineering and Construction Private Limited & Anr and 1 other | Pending |
To see the full case history of Tbea Energy (India) 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
Tbea Energy (India) Private Limited was last rated by Brickwork on 21 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Oct 2021 |
To see the full credit ratings and regulatory alerts of Tbea Energy (India) Private Limited, buy the company report.
MSME payment delays
Tbea Energy (India) Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 776 overdue payments to 269 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 269)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unirub Techno India Private Limited | |||
| an individual supplier | |||
| Sri Bajrangbali Metal Pvt Ltd | |||
| an individual supplier | |||
| Volco Industries |
To see the full MSME payment records of Tbea Energy (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tbea Energy (India) has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Tbea (India) Transformer Private Limited | U31908GJ2015PTC082900 | |
| Tbea Green Energy (India) Private Limited | U40100KA2012PTC151299 |
To see the full group structure of Tbea Energy (India) Private Limited, buy the company report.
Employees & EPFO
Tbea Energy (India) Private Limited has a workforce of 445 employees on its EPFO records as of Nov 21, 2024, across 1 active EPFO establishment.
GST
Tbea Energy (India) has 24 GST registrations: 20 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCT5210F1ZU | Gujarat | Active | 01 Jul 2017 |
| 08AADCT5210F1ZO | Rajasthan | Active | 01 Jul 2017 |
| 09AADCT5210F1ZM | Uttar Pradesh | Active | 01 Jul 2017 |
| 10AADCT5210F1Z3 | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tbea Energy (India) Private Limited, buy the company report.
Recent activity
Tbea Energy (India) Private Limited has 11 board changes on record since 2010: 3 appointments and 8 cessations. The latest: Yong Leng ceased to be Director on 20 Mar 2019.
20 earlier events are in the company report.
Frequently asked questions
Tbea Energy (India) is an active private limited company based in Karjan, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 07 July 2010 (16+ years old) and is registered under CIN U40104GJ2010PTC071817.
Tbea Energy (India) has 2 current directors:
- Zhijin Chen - Managing Director
- Rutvik Nimeshbhai Patel - Director
The latest financial statements of Tbea Energy (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 13 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tbea Energy (India) is 24AADCT5210F1ZU, registered in Gujarat. The company has 24 GST registrations in all, of which 20 are active and 4 are cancelled or inactive. Other active GSTINs include 08AADCT5210F1ZO (Rajasthan), 09AADCT5210F1ZM (Uttar Pradesh), 10AADCT5210F1Z3 (Bihar).
The CIN (Corporate Identification Number) of Tbea Energy (India) is U40104GJ2010PTC071817. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tbea Energy (India) has 98 court cases on record: 56 filed by the company and 42 filed against it. 30 are pending. Most are in the district courts.
Tbea Energy (India) was incorporated on 07 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Tbea Energy (India) has 6 deals on record (2 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹309.92 Cr; the latest was in June 2017.
The peers of Tbea Energy (India) by revenue are Andritz Hydro Private Limited, Goldi Sun Private Limited, Eaton Power Quality Private Limited, Kryfs Power Components Limited, Grew Energy Private Limited and 1 more, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Yong Leng ceased to be Director on 20 Mar 2019. Rutvik Nimeshbhai Patel was appointed as Director on 13 Mar 2019. Kedar Marathe Bhanudas was appointed as Company Secretary on 16 Jan 2016. Tbea Energy (India) has 11 board changes on record in total.
Tbea Energy (India) has 11 MSME Form 1 returns on record between 2019 and 2023, listing 776 overdue payments to 269 micro and small suppliers. The latest return was filed on 30 Mar 2024.
Tbea Energy (India) can be reached through the website tbeaindia.com. Its registered office is in Karjan, Gujarat, India.
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