Promoter holding
64.27%
AC
Athena Chhattisgarh Power Limited - Due diligence report
A 360° intelligence report on Athena Chhattisgarh Power: trust score, financial health, credit view, compliance, directors, growth and distr…
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Athena Chhattisgarh Power — 360° Intelligence Report
Generated from MCA filings & public records31/100
Trust Score
Caution Indicated
Athena Chhattisgarh Power is assessed as Caution Indicated with a Trust Score of 31/100. Athena Chhattisgarh Power is a public limited indian non-government company incorporated in 2007, operating in the Energy and Power sector. Reported revenue has declined across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.
Report generated on 20 Aug 2026 from the latest processed filings. Athena Chhattisgarh Power Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreCaution Indicated
31/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreModerate
55/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
15/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 2 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
- No open charges - unencumbered balance sheet.
- Elevated gearing (D/E 38%).
- Externally credit-rated (D).
Charges position: 0 open (-) · 12 satisfied (16,053.62 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| State Bank Of India | 4 | 48.0 cr |
| Sbicap Trustee Company Limited | 4 | 48.0 cr |
| Ptc India Financial Services Limited | 2 | 48.0 cr |
| Landt Infrastructure Finance Company Limited | 1 | 48.0 cr |
| Bank Of Maharashtra | 1 | 48.0 cr |
Compliance Score: 5/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Marked ACTIVE non-compliant (INC-22A).
- Last balance sheet is for Mar 2016 - filings overdue.
- Flagged by authority: NCLT, BANKS, DRT.
- Litigation present in 3 court forum(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 55/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| SRINIVAS KROVVIDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ABHAY CHINTAMAN CHAUDHARI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANUP AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| JAGDEEP SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEEPAK MISHRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIBHAV AGARWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- SRINIVAS KROVVIDI has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2016)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2016 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Athena Energy Ventures Private Limited
Subsidiaries
-
Group entities
4
Capital events
44 allotment(s) · 1 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Athena Energy Ventures Private Limited | Holding Company | 74.00% |
| Athena Energy Ventures Pvt. Ltd | Holding Company | 74.00% |
| Rkm - Acpl Rail Infra Private Limited | Joint Ventures | 74.00% |
| Rkm - Acpl Rail Infra Pvt. Ltd | Joint Ventures | 74.00% |
| Ars Coal Private Limited | Joint Ventures | 74.00% |
| Ars Coal Pvt. Ltd | Joint Ventures | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 15
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 19+ years.
Active EPFO - real payroll on record.
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence16/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 5 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment25/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view33/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events04 Mar 2024
Charge satisfied
Sbicap Trustee Company Limited
29 Feb 2024
Charge satisfied
State Bank Of India
23 Jan 2024
Securities allotted
100000 Equity Shares Without Differential Rights - 10.00 Lakh raised
16 Aug 2023
Director appointed
ANUP AGARWAL (Additional Director)
Director appointed
JAGDEEP SINGH (Additional Director)
Director appointed
VIBHAV AGARWAL (Additional Director)
14 Mar 2018
Director ceased
ABHAY CHINTAMAN CHAUDHARI
09 Feb 2018
Director ceased
NARASIMHA RAO BOMMIDI
Director ceased
VENKATA KRISHNA TATINENI
Director ceased
THIAGARAJAN SANKARALINGAM
Director ceased
PENMATSA VENKATA NARASIMHA RAJU
30 Dec 2017
Director appointed
DEEPAK MISHRA (Nominee Director)
10 Jul 2017
Securities allotted
1007285073 Equity Shares Without Differential Rights - 1,007.29 cr raised
10 May 2017
Director appointed
SRINIVAS KROVVIDI (Director)
18 Apr 2017
Director ceased
HARI PRASAD
10
Key Observations
Auto-generated from the data aboveRevenue declined 24% over the last 1 financial year(s).
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
6 active director(s) / partner(s); review board churn before relying on management continuity.
All 12 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of D from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2016 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 44 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Isolux Corsan | U40106HR2010PTC041437 | Gurgaon, Haryana, India |
| Voltechgroup | U74999TN2011PTC081778 | Chennai, Tamil Nadu, India |
| Goswami And Associates Pvt Ltd | U74999AS1975PTC001642 | Guwahati, Assam, India |
| Synergy Solar Private Limited | U40300DL2007PTC162550 | New Delhi, Delhi, India |
| Cpl | U27106WB2006PLC150110 | Kolkata, West Bengal, India |
| Sway Energy Technologies Private Limited | U74210TG2003PTC042213 | Khairatabad, Hyderabad-4., Telangana, India |
| Power Ware India Pvt Ltd | U74210OR1989PTC002330 | Bhubaneswar, Orissa, India |
| Coimbatore Solar Energy Solutions Private Limited | U40108TZ2012PTC018438 | Coimbatore, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Athena Chhattisgarh Power before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Athena Chhattisgarh Power: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Athena Chhattisgarh Power - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 31/100, distress signals and MSME payment-delay disclosures - know whether Athena Chhattisgarh Power pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Athena Chhattisgarh Power - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Athena Chhattisgarh Power an active company?
Athena Chhattisgarh Power has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).
Is Athena Chhattisgarh Power financially healthy?
Athena Chhattisgarh Power has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Athena Chhattisgarh Power?
Its overall Trust Score is 31/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Athena Chhattisgarh Power?
The ultimate holding entity is Athena Energy Ventures Private Limited. 6 active director(s) are on record.
Does Athena Chhattisgarh Power have loans or charges against its assets?
No open charges - all 12 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Athena Chhattisgarh Power up to date with its ROC filings?
Marked ACTIVE non-compliant (INC-22A). Overall compliance score: 5/100 (Caution Indicated).
Is it risky to lend to Athena Chhattisgarh Power?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
