About Abs Renew Power Private Limited
Data last updated:
Abs Renew Power Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India, operated as a subsidiary of Advanced Bolting Solutions Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 02 February 2017.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U31909MH2017PTC290100. Its GSTIN is 27AAPCA2274A2ZU (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was led by directors including Aparna Balasubramanian and Balasubramanian Lakshminarayan.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Abs House Plot No. W 116 (A) Ttc Industrial Area MIDC Khairane Thane Belapur Road, Navi Mumbai, Maharashtra, India – 400708.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.14 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.32 Lakh (net margin 0.8%) and EBITDA of ₹16 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 5% over five years.
The company had about 75 employees on its provident fund (EPFO) records before it was dissolved.
The last known website on record is absrenewpower.com.
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- Registered AddressAbs House Plot No. W 116 (A) Ttc Industrial Area MIDC Khairane Thane Belapur Road, Navi Mumbai, Maharashtra, India – 400708
- IndustryEnvironment, Solar Energy Solutions
- 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
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Business Activity of Abs Renew Power Private Limited
The main business activity of Abs Renew Power is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Abs Renew Power Private Limited FY 2024 filings available
Abs Renew Power Private Limited reported revenue of ₹4.14 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Abs Renew Power Private Limited
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 57% 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 of Abs Renew Power Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹16 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.32 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Abs Renew Power Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Abs Renew Power are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Abs Renew Power Private Limited
Abs Renew Power has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aparna Balasubramanian | Director | 02 Feb 2017 | 9 Years 8 Months | As last reported |
| Balasubramanian Lakshminarayan | Director | 02 Feb 2017 | 9 Years 8 Months | As last reported |
| Srividhya Ganesh | Director | 02 Feb 2017 | 9 Years 8 Months | As last reported |
Peer Comparison of Abs Renew Power Private Limited
Abs Renew Power Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ampin Energy Systems Private Limited | ₹4.18 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Adc Power Private Limited | ₹4.18 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Swelect Re Power Private Limited | ₹4.17 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Chennai, Tamil Nadu, India |
| Maxvolt Solar Private Limited | ₹4.15 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Nagpur, Maharashtra, India |
| Vedanga Solar Energy Private Limited | ₹4.14 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Guntur, Andhra Pradesh, India |
| Abs Renew Power Private Limited this company | ₹4.14 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Navi Mumbai, Maharashtra, India |
| Shivamshree Businesses Limited Listed | ₹4.14 Cr (FY 2025) | •••• | •••• | -65.0% | •••• | New Delhi, Delhi, India |
| Starc Energy Solutions Private Limited | ₹4.13 Cr (FY 2024) | •••• | •••• | 138.0% | •••• | Delhi, India |
| Vishwakarma Solar Light Private Limited | ₹4.11 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Jamshedpur, Jharkhand, India |
| Radiance MH Sunrise Eight Private Limited | ₹4.11 Cr (FY 2025) | •••• | •••• | 13689700.0% | •••• | Mumbai, Maharashtra, India |
| RV Akash Ganga Solar Power Private Limited | ₹4.1 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Abs Renew Power by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Abs Renew Power Private Limited
Abs Renew Power Private Limited is audited by A M SOLANKI & ASSOCIATES LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A M SOLANKI & ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Abs Renew Power Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Abs Renew Power Private Limited
Abs Renew Power Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Abs Renew Power Private Limited
Abs Renew Power Private Limited has a workforce of 75 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Abs Renew Power Private Limited
Abs Renew Power Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Aparna Balasubramanian was appointed as Director on 02 Feb 2017.
Credit Ratings, Litigation & Regulatory Alerts for Abs Renew Power Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Abs Renew Power Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Abs Renew Power Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Abs Renew Power Private Limited
Abs Renew Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA2274A2ZU | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Abs Renew Power Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Abs Renew Power Private Limited
Abs Renew Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Abs Renew Power was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 02 February 2017 and is registered under CIN U31909MH2017PTC290100. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Abs Renew Power was incorporated on 02 February 2017. It is registered with the Registrar of Companies, Mumbai.
Abs Renew Power had 3 directors:
- Aparna Balasubramanian - Director
- Balasubramanian Lakshminarayan - Director
- Srividhya Ganesh - Director
The CIN (Corporate Identification Number) of Abs Renew Power is U31909MH2017PTC290100. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Abs Renew Power is at Abs House Plot No. W 116 A Ttc Industrial Area MIDC Khairane Thane Belapur Road, Navi Mumbai, Maharashtra, India – 400708.
Abs Renew Power can be reached through the website absrenewpower.com. Its registered office is in Navi Mumbai, Maharashtra, India.
Abs Renew Power reported revenue of ₹4.14 Cr for FY 2024 (down 4% YoY).
Abs Renew Power has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.
Abs Renew Power reported a net profit of ₹3.32 Lakh (net margin 0.8%) and EBITDA of ₹16 Lakh (EBITDA margin 3.9%) for FY 2024, as per its filed financial statements.
The GSTIN of Abs Renew Power is 27AAPCA2274A2ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.