About Ushdev Engitech Limited
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Ushdev Engitech Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Ultravolt Power Private Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 03 May 2001.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29999TN2001PLC097292. Its GSTIN is 33AAGCS4454H2ZC (Tamil Nadu). The company holds 7 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹65.33 Cr and a paid-up capital of ₹65.31 Cr. It was formerly known as Suzlon Engitech Private Limited and Suzlon Engitech Limited. It is led by directors including Trusha Deepak Shah and Trupalkumar Jayantibhai Patel (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2022, the company reported a revenue of ₹38.64 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹4.03 Cr (net margin 10.4%) and EBITDA of ₹17.32 Cr (EBITDA margin 44.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
The company is associated with 1 brand: Ushdev International. As per MCA filings, the company has open charges of ₹427.5 Cr and satisfied charges of ₹17,687 Cr on record. Court records list 17 cases involving the company, including 16 filed by the company and 1 filed against it; 4 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹136.02 Cr; the latest was in November 2025. Its 8 peer companies in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 4 smaller; the largest is Torrent Saurya Urja 2 Private Limited with revenue of ₹39.28 Cr.
The last known website on record is ushdev.com.
Company details
Name history
Ushdev Engitech has undergone 2 name changes throughout its history. The company was previously known as Suzlon Engitech Private Limited, and Suzlon Engitech Limited. The current legal name is Ushdev Engitech Limited.
| Company Name | Status |
|---|---|
| Ushdev Engitech Limited | Current |
| Suzlon Engitech Private Limited | Previous |
| Suzlon Engitech Limited | Previous |
CIN history
Ushdev Engitech has one previous CIN (Corporate Identification Number): U29999PN2001PLC016118. The current CIN is U29999TN2001PLC097292, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29999TN2001PLC097292 | Current |
| U29999PN2001PLC016118 | Previous |
Contact details
Ushdev Engitech Limited's registered office is in Chennai, Tamil Nadu. Its website is ushdev.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No. A9 First Floor (Old 18) Parsn Commercial Complex 600 Mount Road, India, Chennai, Tamil Nadu, India – 600006
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Ushdev Engitech 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
Ushdev Engitech operates one associated brand: Ushdev International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Metal trading, recycling, and wind farm EPC services are provided. | ushdev.com |
Business activity
The main business activity of Ushdev Engitech 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 Ushdev Engitech Limited, buy the company report.
Financials of Ushdev Engitech Limited
FY 2022 filings availableUshdev Engitech Limited reported revenue of ₹38.64 Cr (up 11% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 11% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 26% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹38.64 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
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| Total Expenses | |||||
| EBITDA | ₹17.32 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.03 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 44.8% | ||||
| Net Profit Margin | 10.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Ushdev Engitech Limited, buy the company report.
Board of directors of Ushdev Engitech Limited
Ushdev Engitech has 4 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Trusha Deepak Shah Also directs: Dvora Ventures Private Limited | Director | 04 Dec 2020 | 5 Years 10 Months | As last reported |
| Trupalkumar Jayantibhai Patel Also directs: Iron Triangle Limited, Integrity Data Services Private Limited | Irp/Rp/Liquidator | 01 Sep 2023 | 3 Years 1 Months | As last reported |
| Seeta Niraj Shah Also directs: Ushdev MG Windfarms Private Limited | Director | 25 May 2022 | 4 Years 4 Months | As last reported |
| Jitendra Nathuram Bijutkar Also directs: Ushdev MG Windfarms Private Limited | Director | 01 Jul 2022 | 4 Years 3 Months | As last reported |
Peer comparison
Ushdev Engitech Limited is compared with the 8 companies closest to it by revenue in the Cleantech industry (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 |
|---|---|---|---|---|---|---|
| Torrent Saurya Urja 2 Private Limited | ₹39.28 Cr (FY 2025) | 613681.0% | Ahmedabad, Gujarat, India | |||
| Shri Dhanalakshmi Green Energy India Private Limited | ₹39.08 Cr (FY 2025) | -2.0% | Coimbatore, Tamil Nadu, India | |||
| Abrel Solar Power Limited | ₹38.92 Cr (FY 2025) | 39.0% | Mumbai, Maharashtra, India | |||
| Wind Construction Limited | ₹38.81 Cr (FY 2021) | 12.0% | Mumbai, Maharashtra, India | |||
| Ushdev Engitech Limitedthis company | ₹38.64 Cr (FY 2022) | ₹4.03 Cr | 10.4% | 11.0% | Chennai, Tamil Nadu, India | |
| First Energy 3 Private Limited | ₹38.51 Cr (FY 2025) | 29.0% | Pune, Maharashtra, India | |||
| Badoni Power Private Limited | ₹38.44 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| JSW Vayu (Pennar) Private Limited | ₹38.29 Cr (FY 2025) | -11.0% | Hyderabad, Telangana, India | |||
| JSW Wind Power (Pennar) Private Limited | ₹38.25 Cr (FY 2025) | -29.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ushdev Engitech Limited, buy the company report.
Auditor
Ushdev Engitech Limited is audited by Khandelwal Jain & Co., for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal Jain & Co., | FY 2022 | 105049W |
Shareholding
The shareholding of Ushdev Engitech Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ushdev Engitech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2013 | 10431596 | Idbi Trusteeship Services Limited | ₹135 Cr | Open | |
| 27 Feb 2013 | 10444767 | Idbi Trusteeship Services Limited | ₹135 Cr | Open | |
| 26 Feb 2013 | 10413675 | Idbi Trusteeship Services Limited | ₹22.5 Cr | Open | |
| 25 Jul 2012 | 10371758 | Idbi Trusteeship Services Limited | ₹135 Cr | Open | |
| 17 Feb 2012 | 10341000 | State Bank of India | ₹40 Cr | Satisfied |
To see the full charge records of Ushdev Engitech Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Ushdev Engitech Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹136.02 Cr; the latest was in November 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Funding round | ₹5 Cr | Investors: Candelabrum Power Solutions LLP , Nelcast Limited , Icici Bank Limited |
| Apr 2017 | Secondary share transfer | Undisclosed | Buyer: Ultravolt Power Private Limited , S.A Aanandam Spinning Mills Private Limited Seller: K R V Spinning Mills Private Limited |
| Sep 2015 | Funding round | ₹65.31 Cr | Investors: Ultravolt Power Private Limited , Nelcast Limited , Tamil Nadu Petroproducts Limited |
| May 2013 | Funding round | ₹33 Lakh | Investors: Ultravolt Power Private Limited , Nelcast Limited , Tamil Nadu Petroproducts Limited |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: Ultravolt Power Private Limited , Pragma Global Trade Limited , Ushdev Mercantile Private Limited Seller: Suzlon Energy Limited , 3 individuals |
To see the full deal history of Ushdev Engitech 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
Ushdev Engitech Limited has 17 court cases on record: 16 filed by Ushdev Engitech, 1 filed against it. 4 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 1 | 3 |
| District courts | 3 | 0 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed by the company against Eki Energy Services Limited | Pending |
| High Court | Writ petition | Filed by the company against Rajasthan Urja Vikas Nigam Limited Through Its Managing Director and 3 others | Pending |
| High Court of Rajasthan | Writ petition | Filed by the company against Rajasthan Urja Vikas Nigam Limited and 3 others | Pending |
| High Court of Rajasthan | Court case (WMAP) | Filed by the company against Rajasthan Urja Vikas Nigam Limited and 1 other | Disposed |
| High Court, Rajasthan | Court case (WMAP) | Filed by the company against Rajasthan Urja Vikas Nigam Limited Through Its Managing Director and 3 others | Disposed |
To see the full case history of Ushdev Engitech 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
Ushdev Engitech Limited was last rated by Indiarating on 03 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 03 Dec 2020 |
To see the full credit ratings and regulatory alerts of Ushdev Engitech Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ushdev Engitech Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ushdev Engitech has 7 GST registrations: 5 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCS4454H2ZC | Tamil Nadu | Active | 06 Sep 2017 |
| 08AAGCS4454H1Z6 | Rajasthan | Active | 01 Jul 2017 |
| 27AAGCS4454H1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 24AAGCS4454H2ZB | Gujarat | Active | 27 Nov 2017 |
To see the full GST registrations and return filing status of Ushdev Engitech Limited, buy the company report.
Recent activity
Ushdev Engitech Limited has 19 board changes on record since 2012: 4 appointments and 15 cessations. The latest: Trupalkumar Jayantibhai Patel was appointed as Irp/Rp/Liquidator on 01 Sep 2023.
25 earlier events are in the company report.
News
Frequently asked questions
Ushdev Engitech is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ushdev Engitech is a company under insolvency, formerly operating as a public limited company based in Chennai, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 03 May 2001 and is registered under CIN U29999TN2001PLC097292. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ushdev Engitech has 4 current directors:
- Trusha Deepak Shah - Director
- Seeta Niraj Shah - Director
- Jitendra Nathuram Bijutkar - Director
- Trupalkumar Jayantibhai Patel - Irp/Rp/Liquidator
The latest financial statements of Ushdev Engitech on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ushdev Engitech is U29999TN2001PLC097292. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ushdev Engitech has open charges of ₹427.5 Cr and satisfied charges of ₹17,687 Cr as per latest MCA filings.
Ushdev Engitech has 17 court cases on record: 16 filed by the company and 1 filed against it. 4 are pending. Most are in the high courts.
Ushdev Engitech was incorporated on 03 May 2001. It is registered with the Registrar of Companies, Chennai.
Ushdev Engitech has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹136.02 Cr; the latest was in November 2025.
The peers of Ushdev Engitech by revenue are Torrent Saurya Urja 2 Private Limited, Shri Dhanalakshmi Green Energy India Private Limited, Abrel Solar Power Limited, Wind Construction Limited, First Energy 3 Private Limited and 3 more, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Trupalkumar Jayantibhai Patel was appointed as Irp/Rp/Liquidator on 01 Sep 2023. Trupalkumar Jayantibhai Patel ceased to be Irp/Rp/Liquidator on 01 Sep 2023. Jitendra Nathuram Bijutkar ceased to be Additional Director on 30 Sep 2022. Ushdev Engitech has 19 board changes on record in total.