About Vidarbha Industries Power Limited
Data last updated:
Vidarbha Industries Power Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Reliance Power Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the thermal power generation and plants segment of the energy and power sector. It was incorporated on 27 December 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U23209MH2005PLC158371. Its GSTIN is 27AADCR1892D2ZD (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹10 Lakh. It was formerly known as Reliance Mineral Resources Limited. It was led by directors including Sandeep Jain and Kanti Biswas.
Its last annual general meeting (AGM) was held on 24 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office was at Shop No 16 Floor 1 Plot 8 Khatau Building Alkesh Dinesh Modi Road, Bombay Stock Exchange Fort Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,326.56 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹347.44 Cr (net margin 26.2%) and EBITDA of ₹401.93 Cr (EBITDA margin 30.3%). Revenue has grown at a compounded annual rate (CAGR) of 433% over three years and 157% over five years.
The company was associated with 2 brands: Vidarbhapower and Reliance Power. As per MCA filings, the company had satisfied charges of ₹17,197 Cr on record. Court records list 58 cases involving the company, including 28 filed by the company and 30 filed against it; 7 cases are pending. The company has 7 deals on record (3 secondary share transfers, 2 acquisitions, 1 rights issue), with disclosed funding of ₹10 Lakh; the latest was in July 2025. Its 4 peer companies in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 1 smaller; the largest is Indrajit Power Private Limited with revenue of ₹43.49 Cr. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,061 overdue payments to 48 micro and small suppliers.
The last known website on record is reliancepower.co.in.
Company details
Contact details
Vidarbha Industries Power Limited's registered office is in Mumbai, Maharashtra. Its website is reliancepower.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No 16 Floor 1 Plot 8 Khatau Building Alkesh Dinesh Modi Road, Bombay Stock Exchange Fort Mumbai, Maharashtra, India – 400001
- IndustryEnergy and Power, Thermal Power Generation & Plants
To see the full contact details of Vidarbha Industries Power 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
Vidarbha Industries Power operates two associated brands: Vidarbhapower and Reliance Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of solar energy projects | reliancepower.co.in | |
| Power generation services are provided during insolvency proceedings. | vidarbhapower.co.in |
Business activity
The main business activity of Vidarbha Industries Power 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 Vidarbha Industries Power Limited, buy the company report.
Financials of Vidarbha Industries Power Limited
FY 2026 filings availableVidarbha Industries Power Limited reported revenue of ₹1,326.56 Cr (up 7253% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 157% over five years. EBITDA rose 377% 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 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹401.93 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹347.44 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 30.3% | ||||
| Net Profit Margin | 26.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| 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 Vidarbha Industries Power Limited, buy the company report.
Board of directors of Vidarbha Industries Power Limited
Vidarbha Industries Power has 4 current directors and 36 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayankkumar Chandragopal Doshi | Additional Director | 01 Jan 2026 | 0 Years 10 Months | As last reported |
| Sandeep Jain Also directs: Moxie Power Generation Limited, Coastal Energen Private Limited, Katni Thermal Energy (MP) Limited and 2 more | Director | 07 Jul 2025 | 1 Years 4 Months | As last reported |
| Kanti Biswas | Director | 07 Jul 2025 | 1 Years 4 Months | As last reported |
| Nishit Harshadrai Dave Also directs: Moxie Power Generation Limited, Coastal Energen Private Limited, Alcedo Infra Park Limited and 2 more | Director | 07 Jul 2025 | 1 Years 4 Months | As last reported |
Peer comparison
Vidarbha Industries Power Limited is compared with the 4 companies closest to it by revenue in the Power industry (Thermal Power Plants), 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 |
|---|---|---|---|---|---|---|
| Vidarbha Industries Power Limitedthis company | ₹1,326.56 Cr (FY 2026) | ₹347.44 Cr | 26.2% | 7253.0% | Mumbai, Maharashtra, India | |
| Indrajit Power Private Limited | ₹43.49 Cr (FY 2023) | 8.0% | Mumbai, Maharashtra, India | |||
| Hindustan Thermalprojects Limited | ₹27.04 Cr (FY 2024) | 412.0% | New Delhi, Delhi, India | |||
| Atria Power Corporation Private Limited | ₹19.77 Cr (FY 2024) | 10.0% | Bangalore, Karnataka, India | |||
| Maadurga Thermal Power Company Limited | ₹16.29 Cr (FY 2024) | Tangi Choudwar, Odisha, India |
To see the full peer comparison of Vidarbha Industries Power Limited, buy the company report.
Auditor
Vidarbha Industries Power Limited is audited by Pathak H. D. & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pathak H. D. & Associates LLP | FY 2023 | 107783W/W100593 |
Shareholding
The shareholding of Vidarbha Industries Power 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vidarbha Industries Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2015 | 10604611 | Others | ₹4,954.21 Cr | Satisfied | |
| 07 Aug 2015 | 10586564 | Others | ₹4,954.21 Cr | Satisfied | |
| 26 Mar 2015 | 10560993 | State Bank of India | ₹1,000 Cr | Satisfied | |
| 31 Dec 2014 | 10544561 | Axis Bank Limited | ₹384 Cr | Satisfied | |
| 31 Dec 2014 | 10544684 | Vijaya Bank | ₹200 Cr | Satisfied |
To see the full charge records of Vidarbha Industries Power Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Vidarbha Industries Power Limited has 7 deals on record (3 secondary share transfers, 2 acquisitions, 1 rights issue), with disclosed funding of ₹10 Lakh; the latest was in July 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹10 Lakh | Investors: Adani Power Limited , Adani Power Limited & Nishit Dave, Adani Power Limited & Pujan Shah |
| Mar 2024 | Acquisition | Undisclosed | Buyer: Rosa Power Supply Company Limited Seller: Reliance Power Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Rosa Power Supply Company Limited , Reliance Power Limited & Priyadarshini Mahapatra Seller: Reliance Power Limited , Reliance Power Limited & Soundarajan Kasturi |
| Mar 2014 | Rights issue | ₹300.57 Cr | Investors: Reliance Power Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Rosa Power Supply Company Limited Seller: Reliance Power Limited |
To see the full deal history of Vidarbha Industries Power 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
Vidarbha Industries Power Limited has 58 court cases on record: 28 filed by Vidarbha Industries Power, 30 filed against it. 7 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 19 | 5 |
| High courts | 16 | 5 | 1 |
| NCLT | 7 | 3 | 0 |
| NCLAT | 6 | 0 | 1 |
| Supreme Court | 5 | 3 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Sicom Realty Limited and Anr and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against CFM Asset Reconstruction Private Limited & Anr. and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by Sicom Realty Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (TRANSFER APPL) | Filed by the company against Sicom Realty Limited and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against CFM Asset Reconstruction Private Limited & Anr. and 1 other | Disposed |
To see the full case history of Vidarbha Industries Power 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
Vidarbha Industries Power Limited was last rated by Icra on 29 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 29 Nov 2020 |
To see the full credit ratings and regulatory alerts of Vidarbha Industries Power Limited, buy the company report.
MSME payment delays
Vidarbha Industries Power Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 2,061 overdue payments to 48 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 (5 of 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Guljar Roadlines | |||
| an individual supplier | |||
| an individual supplier | |||
| Ultra Pure Gases (India) Private Limited | |||
| Krishna Facility Services |
To see the full MSME payment records of Vidarbha Industries Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vidarbha Industries Power has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Vidarbha Industries Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR1892D2ZD | Maharashtra | Active | 04 Dec 2024 |
To see the full GST registrations and return filing status of Vidarbha Industries Power Limited, buy the company report.
Recent activity
Vidarbha Industries Power Limited has 37 board changes on record since 2007: 4 appointments and 33 cessations. The latest: Mayankkumar Chandragopal Doshi was appointed as Additional Director on 01 Jan 2026.
52 earlier events are in the company report.
News
Frequently asked questions
Vidarbha Industries Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Vidarbha Industries Power was a public limited company based in Mumbai, Maharashtra, India. The company worked in thermal power generation and plants, within the energy and power industry. It was incorporated on 27 December 2005 and is registered under CIN U23209MH2005PLC158371. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Vidarbha Industries Power was incorporated on 27 December 2005. It is registered with the Registrar of Companies, Mumbai.
Vidarbha Industries Power had 4 directors:
- Mayankkumar Chandragopal Doshi - Additional Director
- Sandeep Jain - Director
- Kanti Biswas - Director
- Nishit Harshadrai Dave - Director
The CIN (Corporate Identification Number) of Vidarbha Industries Power is U23209MH2005PLC158371. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Vidarbha Industries Power is at Shop No 16 Floor 1 Plot 8 Khatau Building Alkesh Dinesh Modi Road, Bombay Stock Exchange Fort Mumbai, Maharashtra, India – 400001.
Vidarbha Industries Power can be reached through the website reliancepower.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Vidarbha Industries Power on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Vidarbha Industries Power is 27AADCR1892D2ZD, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Vidarbha Industries Power operated in the energy and power industry, in the thermal power generation and plants segment.
Vidarbha Industries Power has 7 deals on record (3 secondary share transfers, 2 acquisitions, 1 rights issue), with disclosed funding of ₹10 Lakh; the latest was in July 2025.
The peers of Vidarbha Industries Power by revenue are Indrajit Power Private Limited, Hindustan Thermalprojects Limited, Atria Power Corporation Private Limited, Maadurga Thermal Power Company Limited, all in the Power industry (Thermal Power Plants), with the same principal business activity (electric power generation, transmission and distribution).
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