Aries Renewables Private Limited
About Aries Renewables Private Limited
Data last updated:
Aries Renewables Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 11 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40103GJ2016PTC093315.
The company has an authorised share capital of ₹56 Lakh and a paid-up capital of ₹52.58 Lakh. It is led by directors Yash Kishorbhai Mandalia and Kishor Pranjivandas Mandalia.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.95 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹3.83 Cr (net margin 22.6%) and EBITDA of ₹15.88 Cr (EBITDA margin 93.6%). Revenue has grown at a compounded annual rate (CAGR) of 167% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹85.53 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Aries Renewables Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressZaveri House Third Floor Sanidhya Opp. Planet Landmark Hotel, Bopal – Ambli Road, Ahmedabad, Gujarat, India – 380058
- IndustryEnvironment, Clean Energy Solutions
To see the full contact details of Aries Renewables Private 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 Aries Renewables 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 |
Financials of Aries Renewables Private Limited
FY 2025 filings availableAries Renewables Private Limited reported revenue of ₹16.95 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 167%. EBITDA fell 4% 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 |
|---|---|---|---|---|---|
| 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 | ₹15.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.83 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 93.6% | ||||
| Net Profit Margin | 22.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Aries Renewables Private Limited, buy the company report.
Board of directors of Aries Renewables Private Limited
Aries Renewables has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Kishorbhai Mandalia | Director | 30 Nov 2022 | 3 Years 11 Months | Current |
| Kishor Pranjivandas Mandalia Also directs: Safal Homes LLP, Amazo Projects LLP, Zaveri Infracon Limited Liability Partnership and 5 more | Director | 30 Nov 2022 | 3 Years 11 Months | Current |
Auditor
Aries Renewables Private Limited is audited by C.R. Sharedalal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C.R. Sharedalal & Co. | FY 2023 | 109943W |
Shareholding
The shareholding of Aries Renewables Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aries Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Dec 2022 | 100654986 | Others | ₹85.53 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Aries Renewables Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aries Renewables Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Aries Renewables has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vayudoot Solarfarms Limited | U40300GJ2015PLC082720 |
To see the full group structure of Aries Renewables Private Limited, buy the company report.
GST
No GST registration is on our record for Aries Renewables Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Aries Renewables Private Limited has 9 board changes on record since 2016: 3 appointments and 6 cessations. The latest: Kishor Pranjivandas Mandalia ceased to be Additional Director on 27 Sep 2023.
1 earlier event is in the company report.
Frequently asked questions
Aries Renewables is an active private limited company based in Ahmedabad, Gujarat, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 11 August 2016 (10+ years old) and is registered under CIN U40103GJ2016PTC093315.
Aries Renewables has 2 current directors:
- Yash Kishorbhai Mandalia - Director
- Kishor Pranjivandas Mandalia - Director
The latest financial statements of Aries Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Aries Renewables is U40103GJ2016PTC093315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aries Renewables was incorporated on 11 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kishor Pranjivandas Mandalia ceased to be Additional Director on 27 Sep 2023. Yash Kishorbhai Mandalia ceased to be Additional Director on 27 Sep 2023. Rajendra Govindbhai Patel ceased to be Director on 27 Mar 2023. Aries Renewables has 9 board changes on record in total.
The registered office of Aries Renewables is at Zaveri House Third Floor Sanidhya Opp. Planet Landmark Hotel, Bopal – Ambli Road, Ahmedabad, Gujarat, India – 380058.
Aries Renewables operates in the environment industry, in the clean energy solutions segment.
Aries Renewables has open charges of ₹85.53 Cr and no satisfied charges on record as per latest MCA filings.
The compliance status of Aries Renewables is compliant as of 16 September 2026. The company is actively filing with the Registrar of Companies.