Tesla Power Equipments And Projects Limited

Snapshot: A Bhopal-based power transformer manufacturer, part of the Tesla Transformers group, that recently converted from a private to a public limited company What It Does Tesla Power manufactures, supplies, erects, tests, and commissions power infrastructure equipment: Power transformers Distribution transformers Multi-winding Inverter Duty Transformers (IDTs) — used specifically in solar power applications It shares testing infrastructure with its sister company, Tesla Transformers (India) Limited, which holds an NABL/ILAC-accredited testing facility. This group backing gives Tesla Power access to established manufacturing know-how and quality certification without having to build that capability independently Company Background Originally incorporated 12 March 2004, as India Bio-Fuels Private Limited Renamed 21 September 2005, to Tesla Power Equipments and Projects Private Limited Converted to public limited 24 January 2025 CIN U15511MP2004PLC016455 Registered office Plot No. 147-H & 147-I, Sector H, Industrial Area, Govindpura, Bhopal, Madhya Pradesh — 462023 Registrar RoC Gwalior Status Active, unlisted public limited company Leadership Jaideep Jain — Chairman & Managing Director, founder, also promoter of group company Tesla Transformers (India) Limited. He joined the business (then Tesla Transformers Limited) as Marketing Manager in 1989 under his father, the late Vijay Kumar Jain, and was inducted to the board in 1998. Satpal Kumar Arora — Director Umesh Harjivandas Ved — Non-Executive Independent Director, appointed 16 November 2024, a qualified Company Secretary. Credit rating: India Ratings assigned an IND BBB/Stable rating for bank loan facilities of ₹102 crore, with a short-term rating of IND A3+, on 8 January 2026 Funding In September 2025, Tesla Power reportedly raised ₹25 crore in a pre-IPO funding round led by Steptrade Capital’s Chanakya Opportunities Fund I. Chanakya reportedly contributed approximately 22% of the total round, or about ₹5.5 crore. The funds are intended to support manufacturing expansion, operational efficiency, and supply-chain strengthening.