Fortune India 500 2025 edition
Rank#97- Total income
- ₹29,695 Cr
- Profit
- ₹2,989 Cr
Last year #88
Torrent Power Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Active Listed - NSE: TORNTPOWER · BSE: 532779 Public Limited Company environment Fortune India 500 · #97 Nifty 500
Revenue · FY 2026
₹29,331 Cr
▼ 1% YoY
Net profit · FY 2026
₹2,284.73 Cr
Net margin 7.8%
EBITDA · FY 2026
₹5,541.38 Cr
EBITDA margin 18.9%
Authorised capital
₹4,370 Cr
Registered with MCA
Paid-up capital
₹503.9 Cr
Issued & subscribed
Open charges
₹20,051 Cr
Satisfied ₹28,825 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
476
Provident fund records
About Torrent Power Limited
Data last updated:
Torrent Power Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Investments Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 April 2004 and has been in existence for over 22 years.
Torrent Power is ranked #97 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Samir Mehta and family are #10 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L31200GJ2004PLC044068. Its GSTIN is 24AACCT0294J1ZC (Gujarat). The company holds 7 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532779 and NSE: TORNTPOWER.
The company has an authorised share capital of ₹4,370 Cr and a paid-up capital of ₹503.9 Cr. It was formerly known as Torrent Power Trading Private Limited. It is led by directors including Samir Uttamlal Mehta (Managing Director) and Jinal Sudhirbhai Mehta (Managing Director).
Its last annual general meeting (AGM) was held on 05 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at ''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2026, the company reported a revenue of ₹29,331 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹2,284.73 Cr (net margin 7.8%) and EBITDA of ₹5,541.38 Cr (EBITDA margin 18.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 19% over five years.
The company has about 476 employees on its provident fund (EPFO) records. Its group structure includes 35 subsidiaries.
As per MCA filings, the company has open charges of ₹20,051 Cr and satisfied charges of ₹28,825 Cr on record.
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
CIN L31200GJ2004PLC044068
Registration Number 044068
Incorporation Date 29 April 2004
ROC Ahmedabad
Listing Status Listed - Listed on NSE (TORNTPOWER); Listed on BSE (532779)
Company Status Active
Date of Last AGM 05 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Torrent Investments Private Limited
Compliance Status Active Compliant
CIN history
Torrent Power has one previous CIN (Corporate Identification Number): U31200GJ2004PLC044068. The current CIN is L31200GJ2004PLC044068, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31200GJ2004PLC044068 | Current |
| U31200GJ2004PLC044068 | Previous |
Key People
Samir Uttamlal Mehta Managing Director Jinal Sudhirbhai Mehta Managing Director Jigish Bhogilal Mehta Whole-Time Director Recognitions & Rankings of Torrent Power
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#85- Valuation
- ₹79,090 Cr
2023 #129 2022 #168 2021 #163
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #10 Samir Mehta & family ₹1,89,400 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Torrent Power 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
- IndustryEnvironment, Solar Energy Solutions, Wind Energy Solutions
To see the full contact details of Torrent Power Limited, buy the company report.
Comprehensive company report
Torrent Power Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Torrent Power 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 Limited, buy the company report.
Financials of Torrent Power Limited
FY 2026 filings availableTorrent Power Limited reported revenue of ₹29,331 Cr (down 1% YoY) for FY 2026.
Revenue · FY 2026
₹29,331 Cr ▼ 1%
Net profit · FY 2026
₹2,284.73 Cr margin 7.8%
EBITDA · FY 2026
₹5,541.38 Cr margin 18.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
3 years · compounded
▲ 4%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 5%
5 years · compounded
▲ 10%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA rose 4% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹29,331 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5,541.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,284.73 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.9% | ||||
| Net Profit Margin | 7.8% | ||||
| 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 Torrent Power Limited, buy the company report.
Board of directors of Torrent Power Limited
Torrent Power has 9 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Samir Uttamlal Mehta | Managing Director | 29 Apr 2004 | 22 Years 6 Months | Current |
| Usha Sangwan Also directs: Tata Motors Passenger Vehicles Limited, Tata Technologies Limited, Sbi Life Insurance Company Limited and 3 more | Director | 21 May 2021 | 5 Years 5 Months | Current |
| Jinal Sudhirbhai Mehta | Managing Director | 19 Oct 2011 | 15 Years 0 Months | Current |
| Radhika Vijay Haribhakti Also directs: Imc Chamber of Commerce and Industry, Koss Medical Devices LLP, Bajaj Finance Limited and 4 more | Director | 07 Aug 2021 | 5 Years 2 Months | Current |
| Ketan Arvind Dalal Also directs: Multiples Private Equity Fund II LLP, Katalyst Advisors LLP, Siemens Energy India Limited and 5 more | Director | 11 May 2022 | 4 Years 5 Months | Current |
| Varun Sudhir Mehta | Director | 01 Jun 2024 | 2 Years 4 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
Torrent Power Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (Solar Power, Thermal Power Plants, Wind 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 |
|---|---|---|---|---|---|---|
| Adani Power Limited | ₹58,906 Cr (FY 2025) | -2.0% | Ahmedabad, Gujarat, India | |||
| Punjab State Power Corporation Limited | ₹43,965 Cr (FY 2024) | 12.0% | Patiala, Punjab, India | |||
| Maharashtra State Power Generation Company Limited | ₹38,334 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Torrent Power Limitedthis company | ₹29,331 Cr (FY 2026) | ₹2,284.73 Cr | 7.8% | -1.0% | 476 | Ahmedabad, Gujarat, India |
| Rajasthan Rajya Vidyut Utpadan Nigam Limited | ₹21,344 Cr (FY 2025) | 6.0% | Jaipur, Rajasthan, India | |||
| Bihar State Power (Holding) Company Limited | ₹19,718 Cr (FY 2021) | 8.0% | Patna, Bihar, India | |||
| Andhra Pradesh Power Generation Corporation Limited | ₹19,327 Cr (FY 2024) | 23.0% | Vijayawada, Andhra Pradesh, India | |||
| Cesc Ltd | ₹17,375 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Torrent Power Limited, buy the company report.
Auditor
Torrent Power Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2024 | 012754N / N500016 |
Shareholding
The shareholding of Torrent Power Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Torrent Power Limited, buy the company report.
Charges & borrowings
Open charges
₹20,051 Cr
Satisfied charges
₹28,825 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2026 | 101275609 | Idbi Trusteeship Services Limited | ₹2,000 Cr | Open | |
| 17 Dec 2025 | 101214768 | Hdfc Bank Limited | ₹50 Lakh | Open | |
| 25 Sep 2025 | 101166814 | Others | ₹375 Cr | Open | |
| 27 Feb 2024 | 100912318 | Idbi Trusteeship Services Limited | ₹700 Cr | Open | |
| 17 Jan 2024 | 100860779 | Idbi Trusteeship Services Limited | ₹750 Cr | Open |
To see the full charge records of Torrent Power Limited, buy the company report.
Total charge records: 84 View all charges
Legal cases
No court or tribunal cases involving Torrent Power Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Torrent Power Limited was last rated by Indiarating on 14 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 14 Jun 2022 |
To see the full credit ratings and regulatory alerts of Torrent Power Limited, buy the company report.
MSME payment delays
Torrent Power Limited has 9 MSME Form 1 returns on record between 2017 and 2020, listing 21 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SPX Flow Technology (India) Private Limited | |||
| an individual supplier | |||
| Radix Innovations Private Limited | |||
| Jupiter Automation | |||
| an individual supplier |
To see the full MSME payment records of Torrent Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Torrent Power has 35 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
35
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Torrent Electricals Private Limited | U31904GJ2019PTC110468 | |
| Latur Renewable Private Limited | U31906GJ2017PTC106736 | |
| Jodhpur Wind Farms Private Limited | U31909GJ2017PTC106919 | |
| Torrent PSH 3 Private Limited | U35100GJ2023PTC147330 | |
| Torrent PSH 4 Private Limited | U35100GJ2023PTC147364 | |
| Torrent PSH 2 Private Limited | U35100GJ2024PTC147459 |
To see the full group structure of Torrent Power Limited, buy the company report.
Employees & EPFO
Torrent Power Limited has a workforce of 476 employees on its EPFO records as of Dec 06, 2025, across 1 active EPFO establishment.
Employee count
476
Active EPFO establishments
1
Employee growth
16.1%
GST
Torrent Power has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
6
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCT0294J1ZC | Gujarat | Active | 01 Jul 2017 |
| 24AACCT0294J2ZB | Gujarat | Active | 27 Jul 2017 |
| 24AACCT0294J3ZA | Gujarat | Active | 01 Oct 2018 |
| 24AACCT0294J4Z9 | Gujarat | Active | 01 Aug 2024 |
To see the full GST registrations and return filing status of Torrent Power Limited, buy the company report.
Recent activity
Torrent Power Limited has 73 board changes on record since 2004: 42 appointments and 31 cessations. The latest: Mamta Verma ceased to be Director on 01 Aug 2024.
Filing
Torrent Power Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 2,000.00 Cr with Charge ID 101275609 was registered on 06 Mar 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.50 Cr with Charge ID 101214768 was registered on 17 Dec 2025.
Charges
A charge with Others amounted to Rs. 375.00 Cr with Charge ID 101166814 was registered on 25 Sep 2025.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 8,215.45 Cr registered on 05 Mar 2016 with Charge ID 10623909 was modified on 20 Aug 2025.
AGM
Torrent Power Limited last Annual general meeting of members was held on 05 Aug 2025 as per latest MCA records.
Charges
A charge registered on 29 Mar 2023 via Charge ID 100698128 with Others was fully satisfied on 01 Jul 2025.
Charges
A charge registered on 27 Mar 2017 via Charge ID 100091229 with Idbi Trusteeship Services Limited was fully satisfied on 26 Feb 2025.
Ceased
Mamta Verma ceased to be Director.
Appointed
Jigish Bhogilal Mehta was appointed as Whole-Time Director.
Appointed
Varun Sudhir Mehta was appointed as Director.
Appointed
Sunil Dass Mathur was appointed as Director.
254 earlier events are in the company report.
News
Torrent Power: Subsidiary's 300 MW Wind Agreement with SECI Canceled, ₹39.78 Crore in Liquidated Damages Due
Torrent Power Limited : Jefferies on Torrent Power Maintains Buy with Target Price of ₹1,780 as 3 GW of pumped-storage capacity planned by FY29E is not yet factored into estimates, leaving upside potential, while renewable energy growth is expected to drive 13% EBITDA CAGR over FY26-30E despite transmission and evacuation delays.
From our blog
Frequently asked questions
Torrent Power is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 29 April 2004 (22+ years old) and is registered under CIN L31200GJ2004PLC044068. Listed on BSE: 532779 and NSE: TORNTPOWER.
Torrent Power has 9 current directors:
- Samir Uttamlal Mehta - Managing Director
- Jinal Sudhirbhai Mehta - Managing Director
- Jigish Bhogilal Mehta - Whole-Time Director
- Usha Sangwan - Director
- Radhika Vijay Haribhakti - Director
- Ketan Arvind Dalal - Director
- Varun Sudhir Mehta - Director
- Sunil Dass Mathur - Director
- Apurva Shishir Diwanji - Director
The latest financial statements of Torrent Power on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Torrent Power is 24AACCT0294J1ZC, registered in Gujarat. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 24AACCT0294J2ZB (Gujarat), 24AACCT0294J3ZA (Gujarat), 24AACCT0294J4Z9 (Gujarat).
The CIN (Corporate Identification Number) of Torrent Power is L31200GJ2004PLC044068. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Torrent Power is a listed company as per MCA records. Its shares are listed on both BSE (code: 532779) and NSE (symbol: TORNTPOWER).
Torrent Power was incorporated on 29 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Torrent Power by revenue are Adani Power Limited, Punjab State Power Corporation Limited, Maharashtra State Power Generation Company Limited, Rajasthan Rajya Vidyut Utpadan Nigam Limited, Bihar State Power (Holding) Company Limited and 2 more, all in the Cleantech industry (Solar Power, Thermal Power Plants, Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Mamta Verma ceased to be Director on 01 Aug 2024. Jigish Bhogilal Mehta was appointed as Whole-Time Director on 01 Jun 2024. Varun Sudhir Mehta was appointed as Director on 01 Jun 2024. Torrent Power has 73 board changes on record in total.
Torrent Power has 9 MSME Form 1 returns on record between 2017 and 2020, listing 21 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2020.
Torrent Power can be reached through the website torrentpower.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Torrent Power is at Samanvay 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.