About Torrent Power Grid Limited
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Torrent Power Grid Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Power Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 25 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40104GJ2005PLC046660. Its GSTIN is 24AACCT2930M1ZB (Gujarat).
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹240 Cr. It was formerly known as Torrent Power Transmission Limited and Torrent Power Transmission Private Limited. It is led by directors including Pramod Govind Patel (Managing Director) and Prasanta Kumar Mahalik (Whole-Time Director).
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at ''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹26.2 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹15.72 Cr (net margin 60%) and EBITDA of ₹21.11 Cr (EBITDA margin 80.6%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 11% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹560 Cr and satisfied charges of ₹244 Cr on record. Court records list 25 cases involving the company, including 25 filed against it; 15 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹89.95 Cr; the latest was in March 2010. Its 5 peer companies in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Solfreedom Power Limited with revenue of ₹29.24 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website torrentpower.com.
Company details
Name history
Torrent Power Grid has undergone 3 name changes throughout its history. The company was previously known as Torrent Power Transmission Limited, Torrent Power Transmission Private Limited, and Torrent Power Transmission Limited. The current legal name is Torrent Power Grid Limited.
| Company Name | Status |
|---|---|
| Torrent Power Grid Limited | Current |
| Torrent Power Transmission Limited | Previous |
| Torrent Power Transmission Private Limited | Previous |
| Torrent Power Transmission Limited | Previous |
CIN history
Torrent Power Grid has one previous CIN (Corporate Identification Number): U40104GJ2005PTC046660. The current CIN is U40104GJ2005PLC046660, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40104GJ2005PLC046660 | Current |
| U40104GJ2005PTC046660 | Previous |
Contact details
Torrent Power Grid Limited's registered office is in Ahmedabad, Gujarat. Its website is torrentpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Torrent Power Grid 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 Torrent Power Grid 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 Torrent Power Grid Limited, buy the company report.
Financials of Torrent Power Grid Limited
FY 2025 filings availableTorrent Power Grid Limited reported revenue of ₹26.2 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 8% fall in the latest year. EBITDA fell 2% 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 | ₹21.11 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹15.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 80.6% | ||||
| Net Profit Margin | 60% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Torrent Power Grid Limited, buy the company report.
Board of directors of Torrent Power Grid Limited
Torrent Power Grid has 9 current directors and 55 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yatindra Dwivedi Also directs: Power Grid Corporation of India Limited, Bihar Grid Company Limited, North East Transmission Company Limited and 5 more | Director | 30 Jan 2024 | 2 Years 9 Months | Current |
| Animesh Jyotindraray Mehta Also directs: Gujarat Lease Financing Limited, Torrent Saurya Urja 3 Private Limited, Torrent Pipavav Generation Limited and 1 more | Director | 01 Apr 2021 | 5 Years 7 Months | Current |
| Luna Tapan Pal | Director | 30 Jan 2024 | 2 Years 9 Months | Current |
| Sanjay Kumar Gupta Also directs: Bihar Grid Company Limited, Cross Border Power Transmission Company Limited, Parbati Koldam Transmission Company Limited and 3 more | Director | 28 Jan 2025 | 1 Years 9 Months | Current |
| Sudhir Prasad | Director | 19 May 2023 | 3 Years 5 Months | Current |
| Naimesh Shah Vinodchandra Also directs: Solapur Transmission Limited | Director | 21 Aug 2019 | 7 Years 2 Months | Current |
Peer comparison
Torrent Power Grid Limited is compared with the 5 companies closest to it by revenue in the Power industry (Transmission and Distribution), 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 |
|---|---|---|---|---|---|---|
| Solfreedom Power Limited | ₹29.24 Cr (FY 2025) | 25.0% | Kota, Rajasthan, India | |||
| Renew Wind Energy (Rajasthan Four) Private Limited | ₹28.61 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Pipartoda Renewable Energy Private Limited | ₹28.06 Cr (FY 2025) | -18.0% | Rajkot, Gujarat, India | |||
| Torrent Power Grid Limitedthis company | ₹26.2 Cr (FY 2025) | ₹15.72 Cr | 60% | -8.0% | 7 | Ahmedabad, Gujarat, India |
| Aravali Transmission Service Company Limited | ₹25.34 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Bhumi Prakash Private Limited | ₹25.07 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India |
To see the full peer comparison of Torrent Power Grid Limited, buy the company report.
Auditor
Torrent Power Grid Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Torrent Power Grid 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 Torrent Power Grid Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Jun 2025 | 101105521 | Others | ₹560 Cr | Open | |
| 07 Aug 2009 | 10171474 | Bank of Baroda | ₹244 Cr | Satisfied |
To see the full charge records of Torrent Power Grid Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Torrent Power Grid Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹89.95 Cr; the latest was in March 2010.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Funding round | ₹30 Cr | Investors: Torrent Power Limited, Power Grid Corporation of India Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Torrent Power Limited Seller: Torrent Power Aec Limited |
| Mar 2008 | Funding round | ₹59.95 Cr | Investors: Torrent Power Limited, Power Grid Corporation of India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Torrent Power Grid Limited has 25 court cases on record: 25 filed against it. 15 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 13 | 11 |
| High courts | 12 | 12 | 4 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed against the company by Adani Green Energy Limited and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed against the company by an individual | Pending |
To see the full case history of Torrent Power Grid 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
Torrent Power Grid Limited was last rated by Crisil on 12 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Aug 2021 |
To see the full credit ratings and regulatory alerts of Torrent Power Grid Limited, buy the company report.
MSME payment delays
Torrent Power Grid Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Yashmun Engineers Limited |
To see the full MSME payment records of Torrent Power Grid Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Torrent Power Grid Limited has a workforce of 7 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Torrent Power Grid has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCT2930M1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Torrent Power Grid Limited, buy the company report.
Recent activity
Torrent Power Grid Limited has 62 board changes on record since 2006: 9 appointments and 53 cessations. The latest: Sanjay Kumar Gupta ceased to be Additional Director on 03 Aug 2025.
56 earlier events are in the company report.
News
Frequently asked questions
Torrent Power Grid is an active public limited company based in Ahmedabad, Gujarat, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 25 August 2005 (21+ years old) and is registered under CIN U40104GJ2005PLC046660.
Torrent Power Grid has 9 current directors:
- Pramod Govind Patel - Managing Director
- Prasanta Kumar Mahalik - Whole-Time Director
- Yatindra Dwivedi - Director
- Animesh Jyotindraray Mehta - Director
- Luna Tapan Pal - Director
- Sanjay Kumar Gupta - Director
- Sudhir Prasad - Director
- Naimesh Shah Vinodchandra - Director
- Deepak Kumar Singh - Director
The latest financial statements of Torrent Power Grid on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Torrent Power Grid is 24AACCT2930M1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Torrent Power Grid is U40104GJ2005PLC046660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torrent Power Grid has 25 court cases on record: 25 filed against it. 15 are pending. Most are in the district courts.
Torrent Power Grid was incorporated on 25 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Torrent Power Grid has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹89.95 Cr; the latest was in March 2010.
The peers of Torrent Power Grid by revenue are Solfreedom Power Limited, Renew Wind Energy (Rajasthan Four) Private Limited, Pipartoda Renewable Energy Private Limited, Aravali Transmission Service Company Limited, Bhumi Prakash Private Limited, all in the Power industry (Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).
Sanjay Kumar Gupta ceased to be Additional Director on 03 Aug 2025. Prasanta Kumar Mahalik was appointed as Whole-Time Director on 05 Feb 2025. Prasanta Kumar Mahalik ceased to be Additional Director on 05 Feb 2025. Torrent Power Grid has 62 board changes on record in total.
Torrent Power Grid has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 4 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Torrent Power Grid can be reached through the website torrentpower.com. Its registered office is in Ahmedabad, Gujarat, India.
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