About Usher Eco Power Limited
Data last updated:
Usher Eco Power Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Usher Agro Limited. 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 biofuel and biomass energy segment of the environmental services sector. It was incorporated on 20 July 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40102MH2007PLC172552. The company has 3 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹114 Cr and a paid-up capital of ₹88.37 Cr. It is led by directors including Vinodkumar Murarilal Chaturvedi (Managing Director) and Manoj Murarilal Pathak (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 424 Laxmi Plaza New Link Road Laxmi Industrial Estate Andheri (W), Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2018, the company reported a revenue of ₹8.92 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹7.04 Cr (net margin -79%) and EBITDA of -₹1.86 Cr (EBITDA margin -20.9%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years.
The company has about 50 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Usher Eco Power and Usher Agro. As per MCA filings, the company has open charges of ₹673.45 Cr and satisfied charges of ₹32.5 Cr on record. Court records list 20 cases involving the company, including 5 filed by the company and 12 filed against it; 3 cases are pending. The company has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹93.44 Cr; the latest was in January 2016. Its 10 peer companies in the Infrastructure industry (Power Projects) are compared by revenue, 5 larger and 5 smaller; the largest is Shakumbhari Solar Power Projects Private Limited with revenue of ₹9.21 Cr.
The last known website on record is usheragro.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address424 Laxmi Plaza New Link Road Laxmi Industrial Estate Andheri (W), Mumbai, Maharashtra, India – 400053
- IndustryEnvironment, Biofuel & Biomass Energy
- 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
- One PDF report, delivered after checkout
Associated Brands with Usher Eco Power Limited
Usher Eco Power operates two associated brands: Usher Eco Power and Usher Agro. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy generation from paddy husk | usherecopower.com | |
| Processed rice and wheat products are manufactured by Usher Agro. | usheragro.com |
Business Activity of Usher Eco Power Limited
The main business activity of Usher Eco Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Usher Eco Power Limited FY 2019 filings available
Usher Eco Power Limited reported revenue of ₹8.92 Cr (down 78% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Usher Eco Power Limited
Revenue has declined at a compounded annual rate (CAGR) of 30% over three years, including a 78% fall in the latest year. EBITDA fell 156% 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 of Usher Eco Power Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹8.92 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.86 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.04 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 of Usher Eco Power Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -20.9% | •••• | •••• | •••• |
| Net Profit Margin | -79% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Usher Eco Power are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Usher Eco Power Limited
Usher Eco Power has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Chamadia Also directs: Keybridge Partners LLP, KSC Advisory Private Limited | Irp/Rp/Liquidator | 15 Jun 2024 | 2 Years 4 Months | As last reported |
| Vinodkumar Murarilal Chaturvedi Also directs: Usher Infra Logic Limited | Managing Director | 20 Jul 2007 | 19 Years 3 Months | As last reported |
| Manoj Murarilal Pathak Also directs: Usher Infra Logic Limited | Whole-Time Director | 20 Jul 2007 | 19 Years 3 Months | As last reported |
| Vijay Ranchan | Director | 07 Apr 2008 | 18 Years 6 Months | As last reported |
| Ajay Prakash Arora | Director | 20 Jul 2007 | 19 Years 3 Months | As last reported |
Peer Comparison of Usher Eco Power Limited
Usher Eco Power Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Power Projects). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shakumbhari Solar Power Projects Private Limited | ₹9.21 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Western Power Projects Private Limited | ₹9.03 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Ahmedabad, Gujarat, India |
| Chudiala Solar Power Projects Private Limited | ₹9.02 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| MBNK Phygital Financial Marketplace Private Limited | ₹9.02 Cr (FY 2021) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Rely Gh2 PTX Services India Private Limited | ₹8.99 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Usher Eco Power Limited this company | ₹8.92 Cr (FY 2018) | •••• | •••• | -78.0% | •••• | Mumbai, Maharashtra, India |
| Ballupur Solar Power Projects Private Limited | ₹8.82 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Atom Power Projects Private Limited | ₹8.76 Cr (FY 2024) | •••• | •••• | -23.0% | •••• | Delhi, India |
| BVD Power Private Limited | ₹8.7 Cr (FY 2024) | •••• | •••• | -77.0% | •••• | Erode, Tamil Nadu, India |
| Skay Infratech Private Limited | ₹8.57 Cr (FY 2025) | •••• | •••• | 5089.0% | •••• | Noida, Uttar Pradesh, India |
| Swelect Renewable Energy Private Limited | ₹8.55 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Usher Eco Power by revenue in the Infrastructure industry (Power Projects), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Usher Eco Power Limited
Usher Eco Power Limited is audited by MULRAJ D. GALA & Co. for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MULRAJ D. GALA & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Usher Eco Power Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Usher Eco Power Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Mar 2016 | Idbi Trusteeship Services Limited | ₹186.32 Cr | Open |
| 22 Mar 2016 | Idbi Trusteeship Services Limited | ₹186.32 Cr | Open |
| 22 Mar 2016 | Idbi Trusteeship Services Limited | ₹186.32 Cr | Open |
| 13 Aug 2014 | Axis Bank Limited | ₹30.5 Cr | Open |
| 23 Oct 2013 | Reliance Capital Limited | ₹11 Cr | Open |
Total charge records: 9 View all charges
Deals & Funding of Usher Eco Power Limited
Usher Eco Power Limited has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹93.44 Cr; the latest was in January 2016.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Funding round | ₹69.2 Cr | Investors: Usher Agro Limited |
| Aug 2010 | Funding round | ₹14.09 Cr | Investors: Usher Agro Limited , Narayani Nivesh Nigam Private Limited , Vedika Finance Private Limited |
| Mar 2010 | Funding round | ₹3.77 Cr | Investors: Usher Agro Limited , an individual |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: Narayani Nivesh Nigam Private Limited , Vedika Finance Private Limited, an individual Seller: Transform Engineering Private Limited |
| Mar 2008 | Funding round | ₹6.39 Cr | Investors: Transform Engineering Private Limited , Usher Agro Limited , 2 individuals |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Usher Eco Power Limited
Usher Eco Power Limited has 20 court cases on record: 5 filed by Usher Eco Power, 12 filed against it, 3 where it is another party. 3 cases are pending and 17 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 2 |
| High courts | 7 | 2 | 1 |
| NCLAT | 5 | 5 | 0 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Court case (ARPLD) | Filed by the company against Usher Oils and Foods Limited | Pending |
| District court, Agra, Uttar Pradesh | Arbitration matter | Filed against the company by Usher Oils and Foods Limited | Disposed |
| District court, South West, Delhi | Court case (CR CRIMINAL REVISION) | Filed against the company by Open Elite Developers Limited | Disposed |
| Bombay High Court | Company petition | Filed against the company by Schneider Electric Infrastructure Limited | Disposed |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by Paharpur Cooling Towers Ltd | Disposed |
Full case history
All 20 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Usher Eco Power Limited
Employment history and EPFO contributions of people linked to Usher Eco Power.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Usher Eco Power Limited
Usher Eco Power Limited has 19 board changes on record since 2007: 5 appointments and 14 cessations. The latest: Krishna Chamadia was appointed as Irp/Rp/Liquidator on 15 Jun 2024.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Usher Eco Power Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Usher Eco Power Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Usher Eco Power Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Usher Eco Power Limited
Usher Eco Power has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Usher Eco Power Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Usher Eco Power Limited
Frequently Asked Questions about Usher Eco Power Limited
Usher Eco Power 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.
Usher Eco Power is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 20 July 2007 and is registered under CIN U40102MH2007PLC172552. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Usher Eco Power reported revenue of ₹8.92 Cr for FY 2018 (down 78% YoY).
Usher Eco Power has 5 current directors:
- Vinodkumar Murarilal Chaturvedi - Managing Director
- Manoj Murarilal Pathak - Whole-Time Director
- Vijay Ranchan - Director
- Ajay Prakash Arora - Director
- Krishna Chamadia - Irp/Rp/Liquidator
Usher Eco Power reported a net loss of ₹7.04 Cr (net margin -79%) and EBITDA of -₹1.86 Cr (EBITDA margin -20.9%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Usher Eco Power is -30% over three years. In the latest year (FY 2018) revenue fell 78%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Usher Eco Power is U40102MH2007PLC172552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usher Eco Power has open charges of ₹673.45 Cr and satisfied charges of ₹32.5 Cr as per latest MCA filings.
Usher Eco Power has 20 court cases on record: 5 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Usher Eco Power was incorporated on 20 July 2007. It is registered with the Registrar of Companies, Mumbai.
Usher Eco Power has 8 deals on record (4 funding rounds, 4 secondary share transfers), with disclosed funding of ₹93.44 Cr; the latest was in January 2016.