About TP Kirnali Limited
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TP Kirnali Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Power Renewable Energy Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 19 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2020PLC337950. Its GSTIN is 27AAHCT7810K1ZZ (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Mahesh Dinkar Paranjpe and Paresh Arun Sahasrabudhe.
Its last annual general meeting (AGM) was held on 16 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at C/O The Tata Power Company Limited Corporate Centre 34 Sant Tukaram Road, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2026, the company reported a revenue of ₹118.97 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹12.72 Cr (net margin -10.7%) and EBITDA of ₹102.4 Cr (EBITDA margin 86.1%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years.
The company is associated with 1 brand: Tata Power. As per MCA filings, the company has open charges of ₹740 Cr and satisfied charges of ₹875 Cr on record.
For more details, the company can be reached via its website tatapower.com.
Company details
Contact details
TP Kirnali Limited's registered office is in Mumbai, Maharashtra. Its website is tatapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC/O The Tata Power Company Limited Corporate Centre 34 Sant Tukaram Road, Mumbai, Maharashtra, India – 400009
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of TP Kirnali 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
TP Kirnali operates one associated brand: Tata Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electricity generation, transmission, and distribution services are provided. | tatapower.com |
Business activity
The main business activity of TP Kirnali is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of TP Kirnali Limited, buy the company report.
Financials of TP Kirnali Limited
FY 2026 filings availableTP Kirnali Limited reported revenue of ₹118.97 Cr (down 3% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 3% 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 | ₹118.97 Cr | ||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹102.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.72 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.1% | ||||
| Net Profit Margin | -10.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of TP Kirnali Limited, buy the company report.
Board of directors of TP Kirnali Limited
TP Kirnali has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Dinkar Paranjpe | Director | 19 Feb 2020 | 6 Years 8 Months | Current |
| Paresh Arun Sahasrabudhe Also directs: Vagarai Windfarm Limited, Tata Power EV Charging Solutions Limited, Poolavadi Windfarm Limited and 4 more | Director | 20 Apr 2023 | 3 Years 6 Months | Current |
| Balaji Parthasarathy Also directs: Tata Power Green Energy Limited, Nivade Windfarm Limited | Director | 18 Apr 2026 | 0 Years 6 Months | Current |
Auditor
TP Kirnali Limited is audited by S R B C & CO LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2026 | 324982E/E300003 |
Shareholding
The shareholding of TP Kirnali Limited is on record for 4 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of TP Kirnali Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2025 | 101177245 | Axis Bank Limited | ₹740 Cr | Open | |
| 07 Oct 2022 | 100623418 | Others | ₹450 Cr | Satisfied | |
| 30 Mar 2022 | 100566315 | Others | ₹425 Cr | Satisfied |
To see the full charge records of TP Kirnali Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving TP Kirnali Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
TP Kirnali Limited has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mitarsh Energy Private Limited | |||
| an individual supplier |
To see the full MSME payment records of TP Kirnali Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
TP Kirnali has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT7810K1ZZ | Maharashtra | Active | 25 Apr 2020 |
| 27AAHCT7810K2ZY | Maharashtra | Active | 28 Jan 2025 |
| 24AAHCT7810K1Z5 | Gujarat | Active | 10 Jul 2020 |
| 08AAHCT7810K1ZZ | Rajasthan | Active | 25 Sep 2020 |
To see the full GST registrations and return filing status of TP Kirnali Limited, buy the company report.
Recent activity
TP Kirnali Limited has 9 board changes on record since 2020: 3 appointments and 6 cessations. The latest: Balaji Parthasarathy was appointed as Director on 18 Apr 2026.
5 earlier events are in the company report.
Frequently asked questions
TP Kirnali is an active public limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 19 February 2020 (6+ years old) and is registered under CIN U40100MH2020PLC337950.
TP Kirnali has 3 current directors:
- Mahesh Dinkar Paranjpe - Director
- Paresh Arun Sahasrabudhe - Director
- Balaji Parthasarathy - Director
The latest financial statements of TP Kirnali on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 16 June 2026. Year-wise statements from FY 2020 are in the company report.
The GSTIN of TP Kirnali is 27AAHCT7810K1ZZ, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAHCT7810K2ZY (Maharashtra), 24AAHCT7810K1Z5 (Gujarat), 08AAHCT7810K1ZZ (Rajasthan).
The CIN (Corporate Identification Number) of TP Kirnali is U40100MH2020PLC337950. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TP Kirnali was incorporated on 19 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Balaji Parthasarathy was appointed as Director on 18 Apr 2026. Paresh Arun Sahasrabudhe ceased to be Additional Director on 20 Aug 2023. Jyoti Kumar Agarwal ceased to be Additional Director on 23 Apr 2023. TP Kirnali has 9 board changes on record in total.
TP Kirnali has 3 MSME Form 1 returns on record for the period ending Sep 2023, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 21 Oct 2023.
TP Kirnali can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of TP Kirnali is at CO The Tata Power Company Limited Corporate Centre 34 Sant Tukaram Road, Mumbai, Maharashtra, India – 400009.
TP Kirnali operates in the environment industry, in the solar energy solutions segment.
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