Pioneer Gas Power Limited

Constructs and operates a 388 MW gas-based power plant in Maharashtra, India.

2009 | Hyderabad, Telangana (India) | Under Insolvency
Last Updated: January 16, 2025

Pioneer Gas Power Profile

Key Indicators

  • Authorised Capital ₹ 333.00 Cr
  • Paid Up Capital ₹ 320.02 Cr
  • Company Age 15 Year, 4 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 2,240.57 Cr
  • Revenue Growth -99.55%
  • Profit Growth -10.11%
  • Ebitda 8.69%
  • Net Worth -35.06%
  • Total Assets -0.07%

About Pioneer Gas Power

Pioneer Gas Power Limited (PGPL) is Under Cirp company established on 17 Sep 2009 with its office registered at Hyderabad, Telangana, India and has been running since 15 Year, 4 Months with a paid up capital of 320.02 Cr. According to MCA records, 4 Directors are linked to this company as of 16 Jan 2025.

Company Details

  • Location

    Hyderabad, Telangana, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U40105TG2009PLC065108

  • Company No.

    065108

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    17 Sep 2009

  • Date of AGM

    29 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Hyderabad

Industry

Energy and Power

Who are the key members and board of directors at Pioneer Gas Power?

Executive Team (1)

Name Designation Appointment Date Status
Suhan Kalvakuntla Country flag representing In Managing Director 17-Sep-2009 Current

Board Members (3)

Name Designation Appointment Date Status
Sudhir Kalvakuntla Country flag representing In Whole-Time Director 17-Sep-2009 Current
Ki Kwon Country flag representing Kr Director 17-Aug-2021 Current
Yong Park Country flag representing Kr Additional Director 15-May-2023 Current

Financial Performance of Pioneer Gas Power.

Pioneer Gas Power Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 99.55% decrease. The company also saw a substantial fall in profitability, with a 10.11% decrease in profit. The company's net worth observed a substantial decline by a decrease of 35.06%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
-99.55%
Revenue from Operations
Total Assets
-0.07%
Profit or Loss
-10.11%
Net Worth
-35.06%
EBITDA
8.69%

What is the Ownership and Shareholding Structure of Pioneer Gas Power?

In 2022, Pioneer Gas Power had a promoter holding of 99.85% and a public holding of 0.15%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2,240.57 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Ifci Limited : 1596.49 Cr
  • Others : 566.20 Cr
  • Indian Overseas Bank : 64.10 Cr
  • Vijaya Bank : 13.78 Cr

Latest Charge Details

Date Lender Amount Status
04 Sep 2017 Ifci Limited ₹151.63 Cr Open
31 Jul 2017 Others ₹18.38 Cr Open
29 Jul 2017 Vijaya Bank ₹13.78 Cr Open
30 Jun 2017 Others ₹18.38 Cr Open
25 Jan 2017 Others ₹296.77 Cr Open

How Many Employees Work at Pioneer Gas Power?

Pioneer Gas Power has a workforce of 64 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Pioneer Gas Power, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Pioneer Gas Power's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Pioneer Gas Power

Recent activity within the organization

  • Director Appointment

    Yong Yeon Park was appointed as a Additional Director was appointed as a Additional Director on 15 May 2023 & has been associated with this company since 1 year 8 months .

    15 May 2023

  • Annual General Meeting

    Pioneer Gas Power Limited last Annual general meeting of members was held on 29 Sep 2022 as per latest MCA records.

    29 Sep 2022

  • Balance Sheet

    Pioneer Gas Power Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Hyderabad.

    31 Mar 2022

  • Director Appointment

    Ki Seon Kwon was appointed as a Director was appointed as a Director on 17 Aug 2021 & has been associated with this company since 3 years 5 months .

    17 Aug 2021

  • Charges

    A charge with Ifci Limited of Rs. 151.63 Cr registered on 04 Sep 2017 with Charge ID 100124845 was modified on 28 Sep 2018.

    28 Sep 2018

  • Charges

    A charge with Others of Rs. 296.77 Cr registered on 25 Jan 2017 with Charge ID 100075034 was modified on 20 Sep 2017.

    20 Sep 2017

Recent News, Updates & Announcement

Frequently asked questions

  • Pioneer Gas Power Limited was incorporated on 17 Sep 2009.

  • The authorized share capital of Pioneer Gas Power Limited is ₹ 333.00 Cr and paid-up capital is ₹ 320.02 Cr.

  • Currently 4 directors are associated with Pioneer Gas Power Limited.

    • Sudhir Rao Kalvakuntla
    • Suhan Rao Kalvakuntla
    • Ki Seon Kwon
    • Yong Yeon Park
  • As per Ministry of Corporate Affairs (Mca), the registered address of Pioneer Gas Power Limited is 3Rd Floor Plot No.13 Phase Iii Road No.82, Jubilee Hills India, Hyderabad, Telangana, 500033.

  • The corporate identification number (CIN) of Pioneer Gas Power Limited is U40105TG2009PLC065108 and the company number is 065108 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Pioneer Gas Power Limited is https://www.pgpl.in

  • According to the financial reports for the fiscal year 2022, the revenue trend for Pioneer Gas Power Limited has fallen by -99.55%.

  • As Per 2022 financial reports, 64 employees are currently employed by Pioneer Gas Power Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Pioneer Gas Power Limited has experienced an downturn of -35.06%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Pioneer Gas Power Limited amount to ₹ 2,240.57 Cr.

  • The most recent Balance Sheet for Pioneer Gas Power Limited was filed with the ROC on 31 Mar 2022.

People also Viewed

Similar Companies Based on Thermal Power Generation & Plants