About Aditya Birla Renewables SPV 1 Limited
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Aditya Birla Renewables SPV 1 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 19 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U35105MH2017PLC296313. Its GSTIN is 27AAPCA7135G1ZH (Maharashtra). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹64 Cr and a paid-up capital of ₹62.61 Cr. It is led by directors including Subhash Chandra Bhargava and Pinky Atul Mehta.
Its last annual general meeting (AGM) was held on 11 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 4 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 ₹37.49 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹32.37 Lakh (net margin 0.9%) and EBITDA of ₹26.56 Cr (EBITDA margin 70.8%). Revenue has grown at a compounded annual rate (CAGR) of 9% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹229.02 Cr and satisfied charges of ₹185 Cr on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in September 2019. Its 9 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 5 smaller; the largest is First Energy 3 Private Limited with revenue of ₹38.51 Cr. The company has 9 MSME Form 1 returns on record between 2018 and 2023, listing 21 overdue payments to 6 micro and small suppliers.
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
CIN history
Aditya Birla Renewables SPV 1 has one previous CIN (Corporate Identification Number): U40300MH2017PLC296313. The current CIN is U35105MH2017PLC296313, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105MH2017PLC296313 | Current |
| U40300MH2017PLC296313 | Previous |
Contact details
Aditya Birla Renewables SPV 1 Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressA – 4 Aditya Birla Centre S. K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030
- 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
Business activity
The main business activity of Aditya Birla Renewables SPV 1 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 Aditya Birla Renewables SPV 1 Limited, buy the company report.
Financials of Aditya Birla Renewables SPV 1 Limited
FY 2025 filings availableAditya Birla Renewables SPV 1 Limited reported revenue of ₹37.49 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 1% growth in the latest year. EBITDA rose 7% 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 | ₹26.56 Cr | ||||
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| Net Profit (PAT) | ₹32.37 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 70.8% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Aditya Birla Renewables SPV 1 Limited, buy the company report.
Board of directors of Aditya Birla Renewables SPV 1 Limited
Aditya Birla Renewables SPV 1 has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Chandra Bhargava Also directs: Abrel (RJ) Projects Limited, Aditya Birla Renewables Energy Limited, Palace Solar Energy Private Limited and 3 more | Director | 11 Jul 2025 | 1 Years 4 Months | Current |
| Pinky Atul Mehta Also directs: Aditya Birla Money Limited, Aditya Birla Capital Digital Limited, Aditya Birla Financial Shared Services Limited and 5 more | Director | 19 Jun 2017 | 9 Years 4 Months | Current |
| Piyush Maheshwari Also directs: Aditya Birla Renewables Energy Limited, Palace Solar Energy Private Limited, Aditya Birla Renewables Solar Limited and 5 more | Director | 01 Feb 2024 | 2 Years 9 Months | Current |
| Sanjay Kumar Patra Also directs: Palace Solar Energy Private Limited, Abrel Century Energy Limited, Aditya Birla Renewables Subsidiary Limited and 5 more | Director | 08 Apr 2024 | 2 Years 7 Months | Current |
Peer comparison
Aditya Birla Renewables SPV 1 Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| First Energy 3 Private Limited | ₹38.51 Cr (FY 2025) | 29.0% | Pune, Maharashtra, India | |||
| Sand Land Real Estates Private Limited | ₹38.12 Cr (FY 2024) | 0.0% | Ahmedabad, Gujarat, India | |||
| Solarcraft Koppal Private Limited | ₹37.9 Cr (FY 2025) | -6.0% | Gurgaon, Haryana, India | |||
| Clean Wind Power (Satara) Private Limited | ₹37.57 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Aditya Birla Renewables SPV 1 Limitedthis company | ₹37.49 Cr (FY 2025) | ₹32.37 Lakh | 0.9% | 1.0% | Mumbai, Maharashtra, India | |
| Acme Solar Technologies (Gujarat) Private Limited | ₹37.4 Cr (FY 2025) | -2.0% | Gurgaon, Haryana, India | |||
| JBM Solar Power Maharashtra Private Limited | ₹37.32 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Green Infra Solar Farms Private Limited | ₹37.3 Cr (FY 2025) | 0.0% | Gurgaon, Haryana, India | |||
| Azure Power Makemake Private Limited | ₹37.25 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Greenergy Solar Enterprise Private Limited | ₹37.16 Cr (FY 2024) | -14.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of Aditya Birla Renewables SPV 1 Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2022 | 100529008 | Others | ₹118.7 Cr | Open | |
| 03 Sep 2020 | 100366086 | Axis Bank Limited | ₹34 Cr | Open | |
| 25 Oct 2018 | 100216739 | Others | ₹18.8 Cr | Open | |
| 06 Apr 2018 | 100173154 | Others | ₹29.3 Cr | Open | |
| 22 Feb 2018 | 100162487 | Citi Bank N.A. | ₹28.22 Cr | Open |
To see the full charge records of Aditya Birla Renewables SPV 1 Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Aditya Birla Renewables SPV 1 Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in September 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Aditya Birla Renewables Limited & Shweta Mayekar Seller: Aditya Birla Renewables Limited & Prashant Jain |
| Jan 2019 | Rights issue | ₹44.89 Cr | Investors: Aditya Birla Renewables Limited , Ultratech Cement Limited |
| Sep 2017 | Rights issue | ₹18.87 Cr | Investors: Aditya Birla Renewables Limited , Ultratech Cement Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aditya Birla Renewables SPV 1 Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Aditya Birla Renewables Limited | Disposed |
| District court, KALABURAGI, Karnataka | Criminal complaint | Filed against the company by State of Karnatak at the Instance of Sri. Venkatesh Rathod, Senior Assistant Director of Factories, | Disposed |
| District court, KALABURAGI, Karnataka | Criminal complaint | Filed against the company by State of Karnataka at the Instance of Sri. Venkatesh Rathod Senior Assistant Director of Factories, | Disposed |
To see the full case history of Aditya Birla Renewables SPV 1 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.
Credit ratings & regulatory alerts
Aditya Birla Renewables SPV 1 Limited was last rated by Crisil on 06 May 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 May 2019 |
To see the full credit ratings and regulatory alerts of Aditya Birla Renewables SPV 1 Limited, buy the company report.
MSME payment delays
Aditya Birla Renewables SPV 1 Limited has 9 MSME Form 1 returns on record between 2018 and 2023, listing 21 overdue payments to 6 micro and small suppliers. 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 (5 of 6)
To see the full MSME payment records of Aditya Birla Renewables SPV 1 Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Aditya Birla Renewables SPV 1 has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA7135G1ZH | Maharashtra | Active | 18 Aug 2017 |
| 27AAPCA7135G2ZG | Maharashtra | Active | 11 Feb 2025 |
| 08AAPCA7135G1ZH | Rajasthan | Active | 30 Aug 2017 |
| 29AAPCA7135G1ZD | Karnataka | Active | 21 Dec 2017 |
To see the full GST registrations and return filing status of Aditya Birla Renewables SPV 1 Limited, buy the company report.
Recent activity
Aditya Birla Renewables SPV 1 Limited has 11 board changes on record since 2017: 4 appointments and 7 cessations. The latest: Subhash Chandra Bhargava ceased to be Additional Director on 10 Aug 2025.
11 earlier events are in the company report.
News
Frequently asked questions
Aditya Birla Renewables SPV 1 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 19 June 2017 (9+ years old) and is registered under CIN U35105MH2017PLC296313.
Aditya Birla Renewables SPV 1 has 4 current directors:
- Subhash Chandra Bhargava - Director
- Pinky Atul Mehta - Director
- Piyush Maheshwari - Director
- Sanjay Kumar Patra - Director
The latest financial statements of Aditya Birla Renewables SPV 1 on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 August 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Aditya Birla Renewables SPV 1 is 27AAPCA7135G1ZH, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAPCA7135G2ZG (Maharashtra), 08AAPCA7135G1ZH (Rajasthan), 29AAPCA7135G1ZD (Karnataka).
The CIN (Corporate Identification Number) of Aditya Birla Renewables SPV 1 is U35105MH2017PLC296313. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aditya Birla Renewables SPV 1 has 3 court cases on record: 3 filed against it. Most are in the district courts.
Aditya Birla Renewables SPV 1 was incorporated on 19 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Aditya Birla Renewables SPV 1 has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in September 2019.
The peers of Aditya Birla Renewables SPV 1 by revenue are First Energy 3 Private Limited, Sand Land Real Estates Private Limited, Solarcraft Koppal Private Limited, Clean Wind Power (Satara) Private Limited, Acme Solar Technologies (Gujarat) Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Subhash Chandra Bhargava ceased to be Additional Director on 10 Aug 2025. Subhash Chandra Bhargava was appointed as Director on 11 Jul 2025. Sanjay Kumar Patra was appointed as Director on 08 Apr 2024. Aditya Birla Renewables SPV 1 has 11 board changes on record in total.
Aditya Birla Renewables SPV 1 has 9 MSME Form 1 returns on record between 2018 and 2023, listing 21 overdue payments to 6 micro and small suppliers. The latest return was filed on 28 Apr 2024.
Aditya Birla Renewables SPV 1 can be reached through the website adityabirla.com. Its registered office is in Mumbai, Maharashtra, India.
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