About Transparent Energy Systems Private Limited
Data last updated:
Transparent Energy Systems Private Limited is a private limited company based in Pune, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 16 April 1986.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29198PN1986PTC039582. Its GSTIN is 27AAACT6841P1ZR (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Vapor Energy Machines Private Limited. It is led by directors including Meghana Ashok Atre (Whole-Time Director) and Chintamani Shridhar Vaidya (Whole-Time Director).
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 Pushpa Heights 1st Floor Bibwewadi Corner Pune – Satara Road, Maharashtra, India – 411037.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.85 Lakh, a decline of 73% compared to the previous year. For the same year it recorded a net loss of ₹1.6 Cr (net margin -445.7%) and EBITDA of -₹1.12 Cr (EBITDA margin -313.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 26% over five years.
The company has about 9 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Transparent Energy Systems. As per MCA filings, the company has open charges of ₹123.8 Cr and satisfied charges of ₹3.87 Cr on record. Court records list 65 cases involving the company, including 42 filed by the company and 23 filed against it; 15 cases are pending. The company has 10 deals on record (5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹23.85 Cr; the latest was in July 2013.
The last known website on record is tespl.com.
Company details
CIN history
Transparent Energy Systems has one previous CIN (Corporate Identification Number): U29198MH1986PTC039582. The current CIN is U29198PN1986PTC039582, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29198PN1986PTC039582 | Current |
| U29198MH1986PTC039582 | Previous |
Contact details
Transparent Energy Systems Private Limited's registered office is in Pune, Maharashtra. Its website is tespl.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPushpa Heights 1st Floor Bibwewadi Corner Pune – Satara Road, Maharashtra, India – 411037
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Transparent Energy Systems 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
Transparent Energy Systems operates one associated brand: Transparent Energy Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Waste heat recovery systems and turnkey power solutions are manufactured. | tespl.com |
Business activity
The main business activity of Transparent Energy Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Transparent Energy Systems Private Limited, buy the company report.
Financials of Transparent Energy Systems Private Limited
FY 2024 filings availableTransparent Energy Systems Private Limited reported revenue of ₹35.85 Lakh (down 73% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years, including a 73% fall in the latest year. EBITDA fell 329% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.12 Cr | ||||
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| Net Profit (PAT) | -₹1.6 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -313.8% | ||||
| Net Profit Margin | -445.7% | ||||
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To see the full financial statements and ratios of Transparent Energy Systems Private Limited, buy the company report.
Board of directors of Transparent Energy Systems Private Limited
Transparent Energy Systems has 5 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meghana Ashok Atre | Whole-Time Director | 03 Sep 1999 | 27 Years 2 Months | As last reported |
| Pradeep Venkatesh Apte | Director | 16 Sep 2014 | 12 Years 1 Months | As last reported |
| Ashok Dattatray Atre | Director | 16 Apr 1986 | 40 Years 6 Months | As last reported |
| Jayant Narhar Deo Also directs: Indian Council for Dispute Resolution | Director | 23 Jul 2014 | 12 Years 3 Months | As last reported |
| Chintamani Shridhar Vaidya Also directs: Transparent Energy Solutions Private Limited | Whole-Time Director | 01 Aug 2021 | 5 Years 3 Months | As last reported |
Auditor
Transparent Energy Systems Private Limited is audited by CGAS & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CGAS & CO. | FY 2023 | 130903W |
Shareholding
The shareholding of Transparent Energy Systems 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Transparent Energy Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2009 | 10168402 | State Bank of India | ₹23 Lakh | Open | |
| 13 Dec 2008 | 10135060 | State Bank of India | ₹27.76 Lakh | Open | |
| 15 Dec 2006 | 10029558 | State Bank of India | ₹120.78 Cr | Open | |
| 09 Aug 2004 | 90088808 | State Bank of India | ₹2.5 Cr | Open | |
| 10 May 1990 | 90087667 | State Bank of India | ₹99,000 | Open |
To see the full charge records of Transparent Energy Systems Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Transparent Energy Systems Private Limited has 10 deals on record (5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹23.85 Cr; the latest was in July 2013.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2013 | Funding round | ₹8.05 Cr | Investors: Siemens Venture Capital Gmbh |
| Sep 2011 | Funding round | ₹82.3 Lakh | Investors: 4 individuals |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Jun 2009 | Funding round | ₹13.98 Cr | Investors: Siemens Venture Capital Gmbh |
| Jan 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
To see the full deal history of Transparent Energy Systems 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
Transparent Energy Systems Private Limited has 65 court cases on record: 42 filed by Transparent Energy Systems, 23 filed against it. 15 cases are pending and 50 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 13 | 8 |
| District courts | 27 | 9 | 7 |
| Supreme Court | 3 | 1 | 0 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Gail (India) Limited | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S Kanoria Chemicals and Industries Ltd | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Express Equipment Rental and Logistics Pvt Ltd | Pending |
| High Court, MAHARASHTRA | Court case (EXA) | Filed by the company against Lloyds Engineering Works Ltd | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Lloyds Engineering Works Ltd | Pending |
To see the full case history of Transparent Energy Systems 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
Transparent Energy Systems Private Limited was last rated by Crisil on 11 Nov 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Nov 2016 |
To see the full credit ratings and regulatory alerts of Transparent Energy Systems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Transparent Energy Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Transparent Energy Systems has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Transparent Energy Solutions Private Limited | U29305PN2006PTC129024 |
To see the full group structure of Transparent Energy Systems Private Limited, buy the company report.
Employees & EPFO
Transparent Energy Systems Private Limited has a workforce of 9 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Transparent Energy Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT6841P1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Transparent Energy Systems Private Limited, buy the company report.
Recent activity
Transparent Energy Systems Private Limited has 33 board changes on record since 1986: 19 appointments and 14 cessations. The latest: Avil Jerome Menezes ceased to be Irp/Rp/Liquidator on 27 Aug 2024.
58 earlier events are in the company report.
Frequently asked questions
Transparent Energy Systems is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Transparent Energy Systems is a company under liquidation, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 16 April 1986 and is registered under CIN U29198PN1986PTC039582. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Transparent Energy Systems has 5 current directors:
- Meghana Ashok Atre - Whole-Time Director
- Chintamani Shridhar Vaidya - Whole-Time Director
- Pradeep Venkatesh Apte - Director
- Ashok Dattatray Atre - Director
- Jayant Narhar Deo - Director
The latest financial statements of Transparent Energy Systems 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 CIN (Corporate Identification Number) of Transparent Energy Systems is U29198PN1986PTC039582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Transparent Energy Systems has open charges of ₹123.8 Cr and satisfied charges of ₹3.87 Cr as per latest MCA filings.
Transparent Energy Systems has 65 court cases on record: 42 filed by the company and 23 filed against it. 15 are pending. Most are in the high courts.
Transparent Energy Systems was incorporated on 16 April 1986. It is registered with the Registrar of Companies, Pune.
Transparent Energy Systems has 10 deals on record (5 funding rounds, 5 secondary share transfers), with disclosed funding of ₹23.85 Cr; the latest was in July 2013.
Avil Jerome Menezes ceased to be Irp/Rp/Liquidator on 27 Aug 2024. Avil Jerome Menezes was appointed as Irp/Rp/Liquidator on 16 Feb 2024. Chintamani Shridhar Vaidya was appointed as Whole-Time Director on 01 Aug 2021. Transparent Energy Systems has 33 board changes on record in total.
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