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Torrent Power

#1615

Rank

$10.82B

Marketcap

IN India

Country

Torrent Power
Leadership team

Mr. Rahul C. Shah (Company Sec. & Compliance Officer)

Mr. Jinal Mehta (MD & Whole-Time Director)

Mr. Lalit Malik A.C.S., AICWA, C.P.A., F.C.A., L.L.B. (Chief Financial Officer)

Products/ Services
Energy
Number of Employees
1,000 - 20,000
Headquarters
Ahmedabad, Gujarat, India
Established
1996
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
TORNTPOWER.NS
Overview
Location
Summary
Torrent Power Limited, an integrated power utility, engages in the generation, transmission, and distribution of electricity in India. The company owns thermal and renewable power plants with a generation capacity of approximately 4,110 megawatts. It also distributes electricity in the cities of Ahmedabad, Gandhinagar, Surat, and Dahej SEZ covering the total area of approximately 425 square kilometers, as well as Dholera SIR covering an area of 920 square kilometers; and operates as a franchisee for electricity distribution in the cities of Bhiwandi, Agra, and Shil-Mumbra-Kalwa covering an area of approximately 1,007 square kilometers. In addition, the company is involved in the manufacture and supply of power cables. It serves approximately 4 million customers in the states of Gujarat, Maharashtra, Uttar Pradesh, Rajasthan, Madhya Pradesh, and Karnataka, as well as operations in the union territory of Dadra and Nagar Haveli, and Daman and Diu with approximately 0.2 million customers covering 603 square kilometers. The company was incorporated in 2004 and is based in Ahmedabad, India. Torrent Power Limited is a subsidiary of Torrent Investments Private Limited.
History

Torrent Group took-over and successfully turned around an ailing power cable company Mahendra Electricals, renaming it as ‘Torrent Cables Ltd.’ . The high points of Torrent’s foray into power however were the acquisitions of two of the India’s oldest utilities – The Surat Electricity Company Ltd and The Ahmedabad Electricity Company Ltd. In 1997, the company completed its acquisition of the Ahmedabad Electricity Company by purchasing the entire 28.89% stake held by the Gujarat government. This acquisition formed what was then known as Torrent Power AEC Limited. Similarly, after acquiring the Surat Electricity Company in the same deal, Torrent Power SEC Limited was formed. Torrent turned them into first rate power utilities, in terms of operational efficiencies and reliability of power supply.

In 2005, the parent company, Torrent Group floated the company Torrent Power Generation to further expand into the power business. In 2006, the three power-related companies of Torrent Group, Torrent Power AEC Ltd, Torrent Power SEC Ltd, and Torrent Power Generation Ltd were merged to form Torrent Power.

Torrent Power created history by entering into the country’s first distribution franchisee agreement with Maharashtra State Electricity Distribution Company Limited for Bhiwandi Circle in December 2006. In 2009 it was awarded the distribution franchise for Agra in Uttar Pradesh. During FY 19 the Company was awarded distribution license for Dholera Special Investment Region and distribution franchise for Shil, Mumbra & Kalwa area in Mumbai Metropolitan Region of Maharashtra.

Mission
These strong pillars, the Core Values, which Torrent believes in and constantly strives to build, are: Integrity, Passion for Excellence, Participative Decision Making, Concern for Society & Environment, Fairness with Care and Transparency.
Vision
Thoughts and actions entail doing the right thing at all times and in all circumstances; whether or not anyone is watching. This requires inner courage and conviction, no matter what the consequences are. It is honouring one's commitments and being accountable for one's actions, end-to-end.
Key Team

Mr. Amar Nath Singh (VP)

Mr. Varun S. Mehta (Whole-time Director)

Mr. Asis Ghosh (VP)

Mr. Deepak Dalal (Exec. Officer)

Mr. Harnish Patel (VP)

Mr. Jayesh N. Desai (Exec. Director)

Mr. L. N. Lalwani (Exec. Director)

Recognition and Awards
Torrent Power has won several awards such as Best Utility in India at the World Smart Sustainable Cities Awards 2017, Outstanding Contribution for Skill Development Program at the GSEC India Summit 2018, Green Initiative of the Year 2017 at the Gujarat Energy Summit and Energy Excellence Award – SRG 2018.
References
Torrent Power
Leadership team

Mr. Rahul C. Shah (Company Sec. & Compliance Officer)

Mr. Jinal Mehta (MD & Whole-Time Director)

Mr. Lalit Malik A.C.S., AICWA, C.P.A., F.C.A., L.L.B. (Chief Financial Officer)

Products/ Services
Energy
Number of Employees
1,000 - 20,000
Headquarters
Ahmedabad, Gujarat, India
Established
1996
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
TORNTPOWER.NS