About Avaada Energy Private Limited
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Avaada Energy Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Avaada Ventures Private Limited. It operates in the power epc segment of the energy and power sector. It was incorporated on 29 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80221MH2007PTC336458. Its GSTIN is 27AACCE0525D1Z8 (Maharashtra). The company holds 12 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹10,000 Cr and a paid-up capital of ₹1,578.14 Cr. It was formerly known as Giriraj Educom Private Limited. It is led by directors including Thozhutharathu Ramachandran Kishor Nair (Whole-Time Director) and Sindoor Vineet Mittal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 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 ₹2,365.7 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹325.05 Cr (net margin 13.7%) and EBITDA of ₹1,952.51 Cr (EBITDA margin 82.5%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 41% over five years.
The company has about 325 employees on its provident fund (EPFO) records. Its group structure includes 62 subsidiaries.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹28,879 Cr and satisfied charges of ₹14,813 Cr on record. Court records list 26 cases involving the company, including 11 filed by the company and 15 filed against it; 13 cases are pending. The company has 16 deals on record (7 secondary share transfers, 3 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹4,716.59 Cr; the latest was in May 2023.
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 Energy has undergone 5 name changes throughout its history. The current legal name is Avaada Energy Private Limited.
| Company Name | Status |
|---|---|
| Avaada Energy Private Limited | Current |
| Giriraj Educom Private Limited | Previous |
| Esveegee Educom (Gujarat) Private Limited | Previous |
| Avaada Renewable Private Limited | Previous |
| Giriraj Renewables Private Limited | Previous |
CIN history
Avaada Energy has one previous CIN (Corporate Identification Number): U80221GJ2007PTC052487. The current CIN is U80221MH2007PTC336458, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80221MH2007PTC336458 | Current |
| U80221GJ2007PTC052487 | Previous |
Contact details
Avaada Energy Private Limited's registered office is in Mumbai, Maharashtra. Its website is avaadaenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Avaada Energy 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
Brands
Avaada 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 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 Energy Private Limited, buy the company report.
Financials of Avaada Energy Private Limited
FY 2025 filings availableAvaada Energy Private Limited reported revenue of ₹2,365.7 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 13% growth in the latest year. EBITDA rose 14% 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 | ₹1,952.51 Cr | ||||
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| Net Profit (PAT) | ₹325.05 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 | 82.5% | ||||
| Net Profit Margin | 13.7% | ||||
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To see the full financial statements and ratios of Avaada Energy Private Limited, buy the company report.
Board of directors of Avaada Energy Private Limited
Avaada Energy has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vineet Mittal | Director | 10 Dec 2018 | 7 Years 10 Months | Current |
| Thozhutharathu Ramachandran Kishor Nair Also directs: Avaada Clean Knproject Private Limited, Avaada Mhsolar Private Limited, Avaada Bankabihar Private Limited and 5 more | Whole-Time Director | 17 Feb 2018 | 8 Years 8 Months | Current |
| Sindoor Vineet Mittal | Whole-Time Director | 13 Jul 2021 | 5 Years 3 Months | Current |
| Panporn Sasananan | Director | 28 Nov 2024 | 1 Years 10 Months | Current |
| Sirobon Boontaworn | Director | 07 Oct 2023 | 3 Years 0 Months | Current |
Auditor
Avaada Energy Private Limited is audited by Deloitte Haskins and Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins and Sells LLP | FY 2023 | 117366W |
Shareholding
The shareholding of Avaada Energy 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 Avaada Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2025 | 101205889 | Others | ₹314.61 Cr | Open | |
| 19 Nov 2025 | 101193256 | Sbicap Trustee Company Limited | ₹1,604 Cr | Open | |
| 28 Jul 2025 | 101133232 | Others | ₹349 Cr | Open | |
| 11 Jun 2025 | 101108993 | Others | ₹14.9 Cr | Open | |
| 09 May 2025 | 101102382 | Others | ₹285.47 Cr | Open |
To see the full charge records of Avaada Energy Private Limited, buy the company report.
Total charge records: 92 View all charges
Deals & funding
Avaada Energy Private Limited has 16 deals on record (7 secondary share transfers, 3 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹4,716.59 Cr; the latest was in May 2023.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2023 | Rights issue | ₹3,314.43 Cr | Investors: Avaada Ventures Private Limited , Global Renewable Synergy Company Limited |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Avaada Ventures Private Limited Seller: Proparco, Asian Development Bank, Deutsche Investitions |
| Nov 2019 | Funding round | ₹51.01 Cr | Investors: Avaada Ventures Private Limited , Proparco |
| Jan 2019 | Rights issue | ₹314.38 Cr | Investors: Avaada Ventures Private Limited |
| Jan 2019 | Secondary share transfer | Undisclosed | Seller: First Rank LLP , Avaada Ventures Private Limited , Candor Renewable Energy Private Limited |
To see the full deal history of Avaada 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
Avaada Energy Private Limited has 26 court cases on record: 11 filed by Avaada Energy, 15 filed against it. 13 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 9 | 9 |
| Supreme Court | 5 | 5 | 2 |
| District courts | 2 | 1 | 2 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against M/S Avaada Clean Project Private Limited and 1 other | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Maharashtra State Electricity Distribution Company Limited Through Its Chief Engineer Power Purchase, 5Thfloor, Prakashgadh, Plot No G-9, Anant Kanekar Marg, Bandra (East), Mumbai ,Mumbai , Maharashtra | Pending |
| Supreme Court | Court case (0427-Indirect Taxes Matters : Import/Export Policy) | Filed against the company by Karnataka Renewable Energy Development Limited Director 39 Shanthi Gruha, Bharath Scouts and Guides BLDG, Opp the Chief Post Master General Ofice Bengaluru 560001 , District: . , , Karnataka and 8 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Sollet Soft Solutions Pvt. Ltd. and 1 other | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Central Transmission Utility of India Limited & Anr. | Disposed |
To see the full case history of Avaada Energy Private 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
No delayed payments to MSME suppliers are on our record for Avaada Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avaada Energy has 62 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avaada Sunrise Energy Private Limited | U40100DL2018PTC335579 | |
| Avaada Clean Knproject Private Limited | U40100DL2018PTC339548 | |
| Avaada Sunbeam Energy Private Limited | U40100MH2018PTC306827 | |
| Avaada Sataramh Private Limited | U40100UP2019PTC124019 | |
| Avaada Mhsolar Private Limited | U40100UP2020PTC135375 | |
| Avaada Knyadgir Private Limited | U40100UP2021PTC153423 |
To see the full group structure of Avaada Energy Private Limited, buy the company report.
Employees & EPFO
Avaada Energy Private Limited has a workforce of 325 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Avaada Energy has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCE0525D1Z8 | Maharashtra | Active | 01 Jul 2017 |
| 10AACCE0525D1ZN | Bihar | Active | 28 Jul 2017 |
| 33AACCE0525D1ZF | Tamil Nadu | Active | 01 Aug 2017 |
| 07AACCE0525D1ZA | Delhi | Active | 08 Aug 2017 |
To see the full GST registrations and return filing status of Avaada Energy Private Limited, buy the company report.
Recent activity
Avaada Energy Private Limited has 31 board changes on record since 2007: 18 appointments and 13 cessations. The latest: Panporn Sasananan was appointed as Director on 28 Nov 2024.
192 earlier events are in the company report.
News
Frequently asked questions
Avaada Energy is an active private limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 29 December 2007 (19+ years old) and is registered under CIN U80221MH2007PTC336458.
Avaada Energy has 5 current directors:
- Thozhutharathu Ramachandran Kishor Nair - Whole-Time Director
- Sindoor Vineet Mittal - Whole-Time Director
- Vineet Mittal - Director
- Panporn Sasananan - Director
- Sirobon Boontaworn - Director
The latest financial statements of Avaada Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avaada Energy is 27AACCE0525D1Z8, registered in Maharashtra. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 10AACCE0525D1ZN (Bihar), 33AACCE0525D1ZF (Tamil Nadu), 07AACCE0525D1ZA (Delhi).
The CIN (Corporate Identification Number) of Avaada Energy is U80221MH2007PTC336458. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Energy has 26 court cases on record: 11 filed by the company and 15 filed against it. 13 are pending. Most are in the high courts.
Avaada Energy was incorporated on 29 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Energy has 16 deals on record (7 secondary share transfers, 3 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹4,716.59 Cr; the latest was in May 2023.
Panporn Sasananan was appointed as Director on 28 Nov 2024. Thitipong Jurapornsiridee ceased to be Director on 10 Oct 2024. Rajat Kumar Gupta ceased to be CFO on 31 Aug 2024. Avaada Energy has 31 board changes on record in total.
Avaada Energy can be reached through the website avaadaenergy.com. Its registered office is in Mumbai, Maharashtra, India.