About Tidong Power Generation Private Limited
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Tidong Power Generation Private Limited is a private limited company based in Shimla, Himachal Pradesh, India, a subsidiary of Statkraft Ih Holding As. It operates in the hydroelectric power solutions segment of the environmental services sector. It was incorporated on 29 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U40108HP2008PTC030877. Its GSTIN is 02AACCN8732B1ZY (Himachal Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2,000 Cr and a paid-up capital of ₹1,781.45 Cr. It was formerly known as Nsl Tidong Power Generation Private Limited. and Nsl Tidong Power Generation Private Limited. It is led by directors Tima Iyer Utne and Pradeep Kumar Yadav.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Grover Cottage Second Floor Above Hdfc Home Loan Chota Shimla – Kasumpti Road, Himachal Pradesh, India – 171002.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.93 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹996.21 Cr and EBITDA of -₹995.38 Cr. Revenue has grown at a compounded annual rate (CAGR) of 444% over three years.
The company has about 154 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Statkraft. As per MCA filings, the company has satisfied charges of ₹807.62 Cr on record. Court records list 19 cases involving the company, including 11 filed by the company and 8 filed against it; 3 cases are pending. The company has 12 deals on record (4 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹398.51 Cr; the latest was in September 2025. Its 8 peer companies in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 4 smaller; the largest is Ia Hydro Energy Private Limited with revenue of ₹60.34 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 185 overdue payments to 17 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 statkraft.in.
Company details
Name history
Tidong Power Generation has undergone 2 name changes throughout its history. The company was previously known as Nsl Tidong Power Generation Private Limited., and Nsl Tidong Power Generation Private Limited. The current legal name is Tidong Power Generation Private Limited.
| Company Name | Status |
|---|---|
| Tidong Power Generation Private Limited | Current |
| Nsl Tidong Power Generation Private Limited. | Previous |
| Nsl Tidong Power Generation Private Limited | Previous |
Contact details
Tidong Power Generation Private Limited's registered office is in Shimla, Himachal Pradesh. Its website is statkraft.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGrover Cottage Second Floor Above Hdfc Home Loan Chota Shimla – Kasumpti Road, Himachal Pradesh, India – 171002
- IndustryEnvironment, Hydroelectric Power Solutions
To see the full contact details of Tidong Power Generation 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
Brands
Tidong Power Generation operates one associated brand: Statkraft. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy production services are provided by Statkraft. | statkraft.com |
Business activity
The main business activity of Tidong Power Generation 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 |
To see the full business activity and turnover split of Tidong Power Generation Private Limited, buy the company report.
Financials of Tidong Power Generation Private Limited
FY 2024 filings availableTidong Power Generation Private Limited reported revenue of ₹45.93 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 444% over three years, including 24% growth 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 | -₹995.38 Cr | ||||
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| Net Profit (PAT) | -₹996.21 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 Tidong Power Generation Private Limited, buy the company report.
Board of directors and KMP of Tidong Power Generation Private Limited
Tidong Power Generation Private Limited currently reports 2 directors and 1 key managerial person. 21 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Kumar Yadav Also directs: Khidrat Renewable Energy Private Limited | Additional Director | 30 Apr 2024 | 2 Years 6 Months | Current |
| Narayan Chandra Rout | Company Secretary | 24 Sep 2025 | 1 Years 1 Months | Current |
| Tima Iyer Utne Also directs: Khidrat Renewable Energy Private Limited | Director | 04 Sep 2018 | 8 Years 2 Months | Current |
Peer comparison
Tidong Power Generation Private Limited is compared with the 8 companies closest to it by revenue in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ia Hydro Energy Private Limited | ₹60.34 Cr (FY 2024) | -62.0% | Shimla, Himachal Pradesh, India | |||
| Kundan Hydro (Gangtok) Private Limited | ₹59.28 Cr (FY 2025) | -21.0% | New Delhi, Delhi, India | |||
| Pioneer Genco Limited | ₹51.89 Cr (FY 2025) | 78.0% | Hyderabad, Telangana, India | |||
| Kanchanjunga Power Company Private Limited | ₹50.95 Cr (FY 2025) | 2.0% | Delhi, India | |||
| Tidong Power Generation Private Limitedthis company | ₹45.93 Cr (FY 2025) | -₹996.21 Cr | 24.0% | 154 | Shimla, Himachal Pradesh, India | |
| Baitarani Power Project Private Limited | ₹44.58 Cr (FY 2025) | -2.0% | Santoshpur, Odisha, India | |||
| Energy Development Company Limited | ₹42.04 Cr (FY 2023) | -8.0% | Kushalnagar, Karnataka, India | |||
| Dodson Lindblom Hydro Power Private Limited | ₹38.98 Cr (FY 2024) | 12.0% | Mumbai, Maharashtra, India | |||
| Panchhor Hydro Power Private Limited | ₹36.73 Cr (FY 2025) | -16.0% | New Shimla, Himachal Pradesh, India |
To see the full peer comparison of Tidong Power Generation Private Limited, buy the company report.
Auditor
Tidong Power Generation Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2022 | 117366W/W100018 |
Shareholding
The shareholding of Tidong Power Generation 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) | |||||
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| Others |
To see the full shareholding pattern of Tidong Power Generation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2018 | 100221954 | Others | ₹10 Lakh | Satisfied | |
| 03 Mar 2011 | 10271079 | Axis Bank Limited | ₹459 Cr | Satisfied | |
| 02 Dec 2010 | 10256380 | Axis Bank Limited | ₹308.52 Cr | Satisfied | |
| 07 Apr 2010 | 10213844 | Axis Bank Limited | ₹40 Cr | Satisfied |
To see the full charge records of Tidong Power Generation Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Tidong Power Generation Private Limited has 12 deals on record (4 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹398.51 Cr; the latest was in September 2025.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2025 | Secondary share transfer | Undisclosed | Buyer: JSW Neo Energy Limited Seller: Statkraft Ih Holding As, Statkraft Markets Private Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Statkraft Markets Private Limited , Statkraft Ih Holding As Seller: State Bank of Hyderabad, Canara Bank, Axis Bank Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: NSL Renewable Power Private Limited Seller: Ifci Limited |
| May 2017 | Funding round | ₹288.5 Cr | Investors: Axis Bank Limited , Lt Infrastructure Finance Company Limited, NSL Renewable Power Private Limited |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: NSL Renewable Power Private Limited Seller: Ifci Limited |
To see the full deal history of Tidong Power Generation 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
Tidong Power Generation Private Limited has 19 court cases on record: 11 filed by Tidong Power Generation, 8 filed against it. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 14 | 6 | 1 |
| High courts | 5 | 2 | 2 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kinnaur, Himachal Pradesh | Civil miscellaneous application | Filed by the company against Rathi Hydro Projects Pvt. Ltd. | Disposed |
| High Court of Himachal Pradesh | Writ petition | Filed against the company by Rathi Hydro Projects Pvt Ltd | Disposed |
| High Court, HIMACHAL PRADESH | Arbitration matter | Filed against the company by Himalaya Construction Company Pvt Ltd(Not Applicable) | Disposed |
| District court, South, Delhi | Commercial suit | Filed by the company against Asap Prefab Private Limited | Disposed |
| District court, Faridabad, Haryana | Civil suit | Filed against the company by Aggcon Equipments Internatioal P Ltd | Pending |
To see the full case history of Tidong Power Generation 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
Tidong Power Generation Private Limited was last rated by Icra on 28 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Dec 2021 |
To see the full credit ratings and regulatory alerts of Tidong Power Generation Private Limited, buy the company report.
MSME payment delays
Tidong Power Generation Private Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 185 overdue payments to 17 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 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Cbmew (India) Private Limited | |||
| Hammurabi & Solomon Partners | |||
| Aparajitha Corporate Services Private Limited | |||
| Securus Records Management Private Limited | |||
| Indo Canadian Consultancy Services Limited |
To see the full MSME payment records of Tidong Power Generation Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tidong Power Generation Private Limited has a workforce of 154 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Tidong Power Generation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AACCN8732B1ZY | Himachal Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tidong Power Generation Private Limited, buy the company report.
Recent activity
Tidong Power Generation Private Limited has 23 board changes on record since 2008: 3 appointments and 20 cessations. The latest: Amrendra Kumar ceased to be Additional Director on 11 Dec 2025.
24 earlier events are in the company report.
News
Frequently asked questions
Tidong Power Generation is an active private limited company based in Shimla, Himachal Pradesh, India. The company works in hydroelectric power solutions, within the environment industry. It was incorporated on 29 April 2008 (18+ years old) and is registered under CIN U40108HP2008PTC030877.
Tidong Power Generation has 3 current directors and KMP:
- Pradeep Kumar Yadav - Additional Director
- Tima Iyer Utne - Director
- Narayan Chandra Rout - Company Secretary
The latest financial statements of Tidong Power Generation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Tidong Power Generation is 02AACCN8732B1ZY, registered in Himachal Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Tidong Power Generation is U40108HP2008PTC030877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tidong Power Generation has 19 court cases on record: 11 filed by the company and 8 filed against it. 3 are pending. Most are in the district courts.
Tidong Power Generation was incorporated on 29 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Tidong Power Generation has 12 deals on record (4 secondary share transfers, 3 funding rounds, 3 rights issues), with disclosed funding of ₹398.51 Cr; the latest was in September 2025.
The peers of Tidong Power Generation by revenue are Ia Hydro Energy Private Limited, Kundan Hydro (Gangtok) Private Limited, Pioneer Genco Limited, Kanchanjunga Power Company Private Limited, Baitarani Power Project Private Limited and 3 more, all in the Cleantech industry (Hydro Power), with the same principal business activity (electric power generation, transmission and distribution).
Amrendra Kumar ceased to be Additional Director on 11 Dec 2025. Andrew John Rochmankowski ceased to be Additional Director on 11 Dec 2025. Narayan Chandra Rout was appointed as Company Secretary on 24 Sep 2025. Tidong Power Generation has 23 board changes on record in total.
Tidong Power Generation has 6 MSME Form 1 returns on record between 2022 and 2024, listing 185 overdue payments to 17 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Tidong Power Generation can be reached through the website statkraft.in. Its registered office is in Shimla, Himachal Pradesh, India.
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