TP Vardhaman Surya Limited
About TP Vardhaman Surya Limited
Data last updated:
TP Vardhaman Surya Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Power Renewable Energy Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 12 January 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2023PLC397530. Its GSTIN is 27AAJCT9228K1ZP (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1,700 Cr and a paid-up capital of ₹972.05 Cr. It is led by directors including Bikkina Venkat Shiv Ram Babu and Anjali Akhileshwar Pandey.
Its last annual general meeting (AGM) was held on 15 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹78.47 Cr. For the same year it recorded a net loss of ₹28.96 Cr (net margin -36.9%) and EBITDA of ₹60.63 Cr (EBITDA margin 77.3%).
As per MCA filings, the company has open charges of ₹2,500 Cr on record. Court records list 19 cases involving the company, including 6 filed by the company and 13 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
TP Vardhaman Surya Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressC/O The Tata Power Company Ltd Corporate Centre, 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryEnergy, Electric Power Generation
To see the full contact details of TP Vardhaman Surya 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
Financials of TP Vardhaman Surya Limited
FY 2026 filings availableTP Vardhaman Surya Limited reported revenue of ₹78.47 Cr for FY 2026.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹78.47 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹60.63 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹28.96 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 77.3% | |||
| Net Profit Margin | -36.9% | |||
| 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 TP Vardhaman Surya Limited, buy the company report.
Board of directors of TP Vardhaman Surya Limited
TP Vardhaman Surya has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bikkina Venkat Shiv Ram Babu | Director | 12 Jan 2023 | 3 Years 9 Months | Current |
| Anjali Akhileshwar Pandey Also directs: TP Urja Limited, Prayagraj Power Generation Company Limited, Maithon Power Limited and 1 more | Director | 10 Sep 2025 | 1 Years 2 Months | Current |
| Vispi Sarosh Patel | Director | 31 Jan 2024 | 2 Years 9 Months | Current |
| Probal Ghosh | Director | 18 Apr 2024 | 2 Years 6 Months | Current |
Auditor
TP Vardhaman Surya Limited is audited by Jain Prakash & Associates for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jain Prakash & Associates | FY 2026 | 003711C |
Shareholding
The shareholding of TP Vardhaman Surya Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of TP Vardhaman Surya Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Sep 2024 | 100980083 | Hdfc Bank Limited | ₹2,500 Cr | Open |
Total charge records: 1 View all charges
Legal cases
TP Vardhaman Surya Limited has 19 court cases on record: 6 filed by TP Vardhaman Surya, 13 filed against it. 4 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 5 | 0 |
| District courts | 8 | 8 | 4 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Central Transmission Utility of India Limited and 6 others | Disposed |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, KOPPAL, Karnataka | Civil suit | Filed against the company | Pending |
| District court, GADAG, Karnataka | Civil suit | Filed against the company | Disposed |
To see the full case history of TP Vardhaman Surya 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for TP Vardhaman Surya Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
TP Vardhaman Surya has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCT9228K1ZP | Maharashtra | Active | 19 Dec 2023 |
| 33AAJCT9228K1ZW | Tamil Nadu | Active | 08 Feb 2024 |
| 29AAJCT9228K1ZL | Karnataka | Active | 29 Feb 2024 |
To see the full GST registrations and return filing status of TP Vardhaman Surya Limited, buy the company report.
Recent activity
TP Vardhaman Surya Limited has 9 board changes on record since 2023: 5 appointments and 4 cessations. The latest: Anjali Akhileshwar Pandey was appointed as Director on 10 Sep 2025.
1 earlier event is in the company report.
Frequently asked questions
TP Vardhaman Surya is an active public limited company based in Mumbai, Maharashtra, India. The company works in electric power generation, within the energy industry. It was incorporated on 12 January 2023 (3+ years old) and is registered under CIN U40106MH2023PLC397530.
TP Vardhaman Surya has 4 current directors:
- Bikkina Venkat Shiv Ram Babu - Director
- Anjali Akhileshwar Pandey - Director
- Vispi Sarosh Patel - Director
- Probal Ghosh - Director
The latest financial statements of TP Vardhaman Surya on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 June 2026. Year-wise statements from FY 2023 are in the company report.
The GSTIN of TP Vardhaman Surya is 27AAJCT9228K1ZP, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AAJCT9228K1ZW (Tamil Nadu), 29AAJCT9228K1ZL (Karnataka).
The CIN (Corporate Identification Number) of TP Vardhaman Surya is U40106MH2023PLC397530. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TP Vardhaman Surya has 19 court cases on record: 6 filed by the company and 13 filed against it. 4 are pending. Most are in the high courts.
TP Vardhaman Surya was incorporated on 12 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
Anjali Akhileshwar Pandey was appointed as Director on 10 Sep 2025. Viddyesh Kiran Raje ceased to be Director on 10 Sep 2025. Ajay Narayan Sheth was appointed as CEO on 17 Jul 2024. TP Vardhaman Surya has 9 board changes on record in total.
The registered office of TP Vardhaman Surya is at CO The Tata Power Company Ltd Corporate Centre, 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
TP Vardhaman Surya operates in the energy industry, in the electric power generation segment.
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