About Avaada Clean Energy Private Limited
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Avaada Clean Energy Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Avaada Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 12 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2015PTC436054. Its GSTIN is 09AABCW6009P1ZT (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.84 Cr and a paid-up capital of ₹3.83 Cr. It was formerly known as Welspun Clean Energy Private Limited. It is led by directors Jay Shankar Shukla and Murtuza Kakuji.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.29 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹31.3 Lakh (net margin 7.3%) and EBITDA of ₹3.48 Cr (EBITDA margin 81.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 3% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹190.5 Cr and satisfied charges of ₹22.96 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹7.5 Cr; the latest was in February 2018. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Nadagouda Energies Private Limited with revenue of ₹4.33 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avaadaenergy.com.
Company details
Name history
Avaada Clean Energy has undergone 2 name changes throughout its history. The company was previously known as Welspun Clean Energy Private Limited, and Avaada Clean Energy Private Limited. The current legal name is Avaada Clean Energy Private Limited.
| Company Name | Status |
|---|---|
| Avaada Clean Energy Private Limited | Current |
| Welspun Clean Energy Private Limited | Previous |
CIN history
Avaada Clean Energy has one previous CIN (Corporate Identification Number): U40106DL2015PTC275207. The current CIN is U40106MH2015PTC436054, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2015PTC436054 | Current |
| U40106DL2015PTC275207 | Previous |
Contact details
Avaada Clean Energy Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- 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
Brands
Avaada Clean Energy operates one associated brand: Avaada Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy projects in solar, wind, and storage are developed. | avaada.com |
Business activity
The main business activity of Avaada Clean Energy 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 Avaada Clean Energy Private Limited, buy the company report.
Financials of Avaada Clean Energy Private Limited
FY 2025 filings availableAvaada Clean Energy Private Limited reported revenue of ₹4.29 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 3%. EBITDA fell 5% 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 | ₹3.48 Cr | ||||
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| Net Profit (PAT) | ₹31.3 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 | 81.2% | ||||
| Net Profit Margin | 7.3% | ||||
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To see the full financial statements and ratios of Avaada Clean Energy Private Limited, buy the company report.
Board of directors of Avaada Clean Energy Private Limited
Avaada Clean Energy has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jay Shankar Shukla Also directs: Meja Hospitality Services LLP, Avaada Sunbeam Energy Private Limited, Avaada Kngreen Private Limited and 5 more | Director | 04 Aug 2020 | 6 Years 2 Months | Current |
| Murtuza Kakuji Also directs: Avaada Sunbeam Energy Private Limited, Avaada Kngreen Private Limited, Avaada Indigreen Private Limited and 5 more | Director | 28 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
Avaada Clean Energy Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Nadagouda Energies Private Limited | ₹4.33 Cr (FY 2025) | -21.0% | Bengaluru, Karnataka, India | |||
| Parklands Solar Private Limited | ₹4.31 Cr (FY 2024) | 43.0% | Bhadrak, Odisha, India | |||
| Scorch Solar Energy Private Limited | ₹4.31 Cr (FY 2025) | 0.0% | Sadashivnagar, Karnataka, India | |||
| Avaada Clean Energy Private Limitedthis company | ₹4.29 Cr (FY 2025) | ₹31.3 Lakh | 7.3% | -3.0% | Mumbai, Maharashtra, India | |
| Taper Solar Energy Limited | ₹4.27 Cr (FY 2025) | -31.0% | Chennai, Tamil Nadu, India | |||
| Sunheti Solar Projects Private Limited | ₹4.23 Cr (FY 2024) | -13.0% | Jaipur, Rajasthan, India | |||
| Bramhand Electro Sun Energy Private Limited | ₹4.22 Cr (FY 2024) | 92.0% | Shirol, Maharashtra, India | |||
| Natems Green Energy Private Limited | ₹4.22 Cr (FY 2025) | -26.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Avaada Clean Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2021 | 100420715 | Others | ₹168 Cr | Open | |
| 17 Feb 2021 | 100430637 | Others | ₹22.5 Cr | Open | |
| 23 Apr 2019 | 100256148 | Others | ₹60 Lakh | Satisfied | |
| 06 Jul 2018 | 100190521 | Others | ₹22.36 Cr | Satisfied |
To see the full charge records of Avaada Clean Energy Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Avaada Clean Energy Private Limited has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹7.5 Cr; the latest was in February 2018.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited , Avaada Energy Private Limited and Vineet Mittal Seller: Welspun Energy Private Limited , Welspun Energy Private Limited And Vineet Mittal |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Welspun Energy Private Limited , Welspun Energy Private Limited And Vineet Mittal Seller: Walwhan Renewable Energy Limited , Welspun Renewables Energy Private Limited and Vineet Mittal |
To see the full deal history of Avaada Clean Energy Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Avaada Clean Energy 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 Avaada Clean Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avaada Clean Energy has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCW6009P1ZT | Uttar Pradesh | Active | 08 Feb 2018 |
To see the full GST registrations and return filing status of Avaada Clean Energy Private Limited, buy the company report.
Recent activity
Avaada Clean Energy Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Murtuza Kakuji ceased to be Additional Director on 26 Sep 2022.
9 earlier events are in the company report.
News
Frequently asked questions
Avaada Clean Energy is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 12 January 2015 (11+ years old) and is registered under CIN U40106MH2015PTC436054.
Avaada Clean Energy has 2 current directors:
- Jay Shankar Shukla - Director
- Murtuza Kakuji - Director
The latest financial statements of Avaada Clean Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avaada Clean Energy is 09AABCW6009P1ZT, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Avaada Clean Energy is U40106MH2015PTC436054. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Clean Energy was incorporated on 12 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Clean Energy has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹7.5 Cr; the latest was in February 2018.
The peers of Avaada Clean Energy by revenue are Nadagouda Energies Private Limited, Parklands Solar Private Limited, Scorch Solar Energy Private Limited, Taper Solar Energy Limited, Sunheti Solar Projects Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Murtuza Kakuji ceased to be Additional Director on 26 Sep 2022. Mitish Manoharlal Somani ceased to be Director on 29 Jan 2022. Murtuza Kakuji was appointed as Director on 28 Jan 2022. Avaada Clean Energy has 9 board changes on record in total.
Avaada Clean Energy can be reached through the website avaadaenergy.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Avaada Clean Energy is at 406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069.
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