About Abrel SPV 2 Limited
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Abrel SPV 2 Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Aditya Birla Renewables Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 28 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40108MH2020PLC352631. Its GSTIN is 27AAUCA5852D1ZE (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹850 Cr and a paid-up capital of ₹421.02 Cr. It is led by directors including Pavan Kumar Jain and Sanjay Kumar Patra.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 2 Aditya Birla Centre S.K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2025, the company reported a revenue of ₹108.98 Cr, a growth of 119% compared to the previous year. For the same year it recorded a net loss of ₹161.26 Cr (net margin -148%) and EBITDA of ₹23.58 Cr (EBITDA margin 21.6%).
As per MCA filings, the company has open charges of ₹2,853.5 Cr and satisfied charges of ₹653 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adityabirla.com.
Company details
Contact details
Abrel SPV 2 Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressA – 2 Aditya Birla Centre S.K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Abrel SPV 2 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
Business activity
The main business activity of Abrel SPV 2 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 Abrel SPV 2 Limited, buy the company report.
Financials of Abrel SPV 2 Limited
FY 2025 filings availableAbrel SPV 2 Limited reported revenue of ₹108.98 Cr (up 119% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 119% in the latest year. EBITDA fell 40% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹23.58 Cr | ||||
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| Net Profit (PAT) | -₹161.26 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.6% | ||||
| Net Profit Margin | -148% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Abrel SPV 2 Limited, buy the company report.
Board of directors and KMP of Abrel SPV 2 Limited
Abrel SPV 2 Limited currently reports 5 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pavan Kumar Jain Also directs: Bhubaneswari Coal Mining Limited, Aditya Birla Renewables Energy Limited, Aditya Birla Renewables Solar Limited and 2 more | Director | 28 Dec 2020 | 5 Years 10 Months | Current |
| Sanjay Kumar Patra Also directs: Abrel Century Energy Limited, Aditya Birla Renewables Subsidiary Limited, Abrel Solar Power Limited and 5 more | Director | 30 Apr 2025 | 1 Years 6 Months | Current |
| Suvendu Mohanty | Manager | 24 Feb 2025 | 1 Years 8 Months | Current |
| Piyush Maheshwari | Director | 01 Feb 2024 | 2 Years 9 Months | Current |
| Chetan Prakash Patodi Also directs: Aditya Birla Renewables SPV 5 Limited | Cfo | 25 Nov 2023 | 2 Years 11 Months | Current |
| Archana Maru Also directs: Aditya Birla Renewables Energy Limited, Aditya Birla Renewables Solar Limited, Abrel (RJ) Projects Limited and 3 more | Director | 11 May 2023 | 3 Years 6 Months | Current |
Peer comparison
Abrel SPV 2 Limited is compared with the 8 companies closest to it by revenue in the Cleantech industry (Solar Power), 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 |
|---|---|---|---|---|---|---|
| JSW Agriya Power Private Limited | ₹112.78 Cr (FY 2025) | 2.0% | Hyderabad, Telangana, India | |||
| Green Infra Wind Power Generation Limited | ₹110.74 Cr (FY 2025) | -11.0% | Gurgaon, Haryana, India | |||
| Waaneep Solar Private Limited | ₹110.35 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Universal Saur Urja Private Limited | ₹109.62 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Abrel SPV 2 Limitedthis company | ₹108.98 Cr (FY 2025) | -₹161.26 Cr | -148% | 119.0% | Mumbai, Maharashtra, India | |
| Avaada Solar Energy Private Limited | ₹108.19 Cr (FY 2025) | -18.0% | Mumbai, Maharashtra, India | |||
| Ramnad Solar Power Limited | ₹107.1 Cr (FY 2023) | 12.0% | Ahmedabad, Gujarat, India | |||
| Winsol Solar Fields (Polepally) Private Limited | ₹106.33 Cr (FY 2025) | -7.0% | Gurgaon, Haryana, India | |||
| Adani Solar Energy Four Limited | ₹105.95 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Abrel SPV 2 Limited, buy the company report.
Auditor
Abrel SPV 2 Limited is audited by KKC & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KKC & Associates LLP | FY 2023 | 105146W/W100621 |
Shareholding
The shareholding of Abrel SPV 2 Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Abrel SPV 2 Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2024 | 100940438 | Others | ₹676 Cr | Open | |
| 21 Oct 2023 | 100810846 | Others | ₹2,177.5 Cr | Open | |
| 19 May 2022 | 100575454 | Others | ₹653 Cr | Satisfied |
To see the full charge records of Abrel SPV 2 Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Abrel SPV 2 Limited has 13 court cases on record: 9 filed by Abrel SPV 2, 4 filed against it. 8 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 1 | 4 |
| District courts | 5 | 3 | 4 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | Pending |
| District court, Patan, Gujarat | Civil suit | Filed by the company against an individual | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against State of Gujarat and 6 others | Pending |
To see the full case history of Abrel SPV 2 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.
MSME payment delays
Abrel SPV 2 Limited has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Contrans Logistic Private Limited |
To see the full MSME payment records of Abrel SPV 2 Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Abrel SPV 2 has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCA5852D1ZE | Maharashtra | Active | 25 Feb 2021 |
| 24AAUCA5852D1ZK | Gujarat | Active | 25 Mar 2022 |
To see the full GST registrations and return filing status of Abrel SPV 2 Limited, buy the company report.
Recent activity
Abrel SPV 2 Limited has 12 board changes on record since 2020: 9 appointments and 3 cessations. The latest: Sanjay Kumar Patra was appointed as Director on 30 Apr 2025.
8 earlier events are in the company report.
Frequently asked questions
Abrel SPV 2 is an active public limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 28 December 2020 (6+ years old) and is registered under CIN U40108MH2020PLC352631.
Abrel SPV 2 has 6 current directors and KMP:
- Pavan Kumar Jain - Director
- Sanjay Kumar Patra - Director
- Piyush Maheshwari - Director
- Archana Maru - Director
- Suvendu Mohanty - Manager
- Chetan Prakash Patodi - Cfo
The latest financial statements of Abrel SPV 2 on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 July 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Abrel SPV 2 is 27AAUCA5852D1ZE, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAUCA5852D1ZK (Gujarat).
The CIN (Corporate Identification Number) of Abrel SPV 2 is U40108MH2020PLC352631. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Abrel SPV 2 has 13 court cases on record: 9 filed by the company and 4 filed against it. 8 are pending. Most are in the high courts.
Abrel SPV 2 was incorporated on 28 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Abrel SPV 2 by revenue are JSW Agriya Power Private Limited, Green Infra Wind Power Generation Limited, Waaneep Solar Private Limited, Universal Saur Urja Private Limited, Avaada Solar Energy Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sanjay Kumar Patra was appointed as Director on 30 Apr 2025. Suvendu Mohanty was appointed as Manager on 24 Feb 2025. Amitabh Verma ceased to be Director on 21 May 2024. Abrel SPV 2 has 12 board changes on record in total.
Abrel SPV 2 has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 26 Oct 2023.
Abrel SPV 2 can be reached through the website adityabirla.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Abrel SPV 2 is at A – 2 Aditya Birla Centre S.K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030.
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