About Avaada Mhyavat Private Limited
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Avaada Mhyavat Private Limited is a private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Avaada Mhsolar Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 03 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U40106UP2019PTC124061. Its GSTIN is 27AATCA0040N1ZG (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹44 Cr and a paid-up capital of ₹43.75 Cr. It was formerly known as Avaada Hnsirsa Private Limited. It is led by directors Jay Shankar Shukla and Murtuza Kakuji.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 11 Sector – 65, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.54 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹41.2 Lakh (net margin 2.2%) and EBITDA of ₹15.79 Cr (EBITDA margin 85.2%). Revenue has grown at a compounded annual rate (CAGR) of 555% over three years.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹104 Cr and satisfied charges of ₹142.25 Cr on record. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹11.38 Cr; the latest was in April 2022. Its 6 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 3 smaller; the largest is Avaada Knsolar Private Limited with revenue of ₹18.63 Cr.
For more details, the company can be reached via its website avaadaenergy.com.
Company details
Contact details
Avaada Mhyavat Private Limited's registered office is in Noida, Uttar Pradesh. Its website is avaadaenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressC – 11 Sector – 65, Noida, Uttar Pradesh, India – 201301
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Avaada Mhyavat 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 Mhyavat 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 Mhyavat 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 Mhyavat Private Limited, buy the company report.
Financials of Avaada Mhyavat Private Limited
FY 2025 filings availableAvaada Mhyavat Private Limited reported revenue of ₹18.54 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 555% over three years, including 14% growth in the latest year. EBITDA rose 60% 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 | ₹15.79 Cr | ||||
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| Net Profit (PAT) | ₹41.2 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 | 85.2% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of Avaada Mhyavat Private Limited, buy the company report.
Board of directors of Avaada Mhyavat Private Limited
Avaada Mhyavat has 2 current directors and 4 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 | 03 Dec 2019 | 6 Years 10 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 Mhyavat Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Avaada Knsolar Private Limited | ₹18.63 Cr (FY 2025) | 1.0% | Noida, Uttar Pradesh, India | |||
| Neemuch Solar Power Private Limited | ₹18.6 Cr (FY 2025) | -7.0% | Gurugram, Haryana, India | |||
| Enerparc Solar Power 2 Private Limited | ₹18.59 Cr (FY 2025) | 69.0% | Bangalore, Karnataka, India | |||
| Avaada Mhyavat Private Limitedthis company | ₹18.54 Cr (FY 2025) | ₹41.2 Lakh | 2.2% | 14.0% | Noida, Uttar Pradesh, India | |
| Huoban Energy 1 Private Limited | ₹18.36 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Greenam Energy Private Limited | ₹18.32 Cr (FY 2025) | -1.0% | Chennai, Tamil Nadu, India | |||
| Tungabhadra Solar Parks Private Limited | ₹18.31 Cr (FY 2025) | 5.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Avaada Mhyavat Private Limited, buy the company report.
Auditor
Avaada Mhyavat Private Limited is audited by M/s GOYAL MALHOTRA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s GOYAL MALHOTRA & ASSOCIATES | FY 2023 | 008015C |
Shareholding
The shareholding of Avaada Mhyavat Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Avaada Mhyavat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2024 | 100972718 | Others | ₹104 Cr | Open | |
| 27 Jan 2022 | 100534875 | Yes Bank Limited | ₹46 Cr | Satisfied | |
| 04 Jan 2022 | 100523427 | Others | ₹96.25 Cr | Satisfied |
To see the full charge records of Avaada Mhyavat Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Avaada Mhyavat Private Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹11.38 Cr; the latest was in April 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round | ₹11.38 Cr | Investors: Linde India Limited |
| Dec 2021 | Rights issue | ₹32.37 Cr | Investors: Avaada Mhsolar Private Limited |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited , Avaada Energy Private Limited & Sindoor Mittal Seller: Avaada Green Hnproject Private Limited , Avaada Green HNProject Private Limited & Sindoor Mittal |
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 Mhyavat Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Avaada Mhyavat Private Limited was last rated by Care on 06 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Sep 2022 |
To see the full credit ratings and regulatory alerts of Avaada Mhyavat Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avaada Mhyavat Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avaada Mhyavat has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AATCA0040N1ZG | Maharashtra | Active | 12 Jul 2021 |
To see the full GST registrations and return filing status of Avaada Mhyavat Private Limited, buy the company report.
Recent activity
Avaada Mhyavat Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Murtuza Kakuji ceased to be Additional Director on 27 Sep 2022.
1 earlier event is in the company report.
News
Frequently asked questions
Avaada Mhyavat is an active private limited company based in Noida, Uttar Pradesh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 03 December 2019 (7+ years old) and is registered under CIN U40106UP2019PTC124061.
Avaada Mhyavat has 2 current directors:
- Jay Shankar Shukla - Director
- Murtuza Kakuji - Director
The latest financial statements of Avaada Mhyavat on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Avaada Mhyavat is 27AATCA0040N1ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Avaada Mhyavat is U40106UP2019PTC124061. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Mhyavat was incorporated on 03 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kanpur.
Avaada Mhyavat has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹11.38 Cr; the latest was in April 2022.
The peers of Avaada Mhyavat by revenue are Avaada Knsolar Private Limited, Neemuch Solar Power Private Limited, Enerparc Solar Power 2 Private Limited, Huoban Energy 1 Private Limited, Greenam Energy Private Limited and 1 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 27 Sep 2022. Murtuza Kakuji was appointed as Director on 28 Jan 2022. Mitish Manoharlal Somani ceased to be Additional Director on 29 Sep 2020. Avaada Mhyavat has 5 board changes on record in total.
Avaada Mhyavat can be reached through the website avaadaenergy.com. Its registered office is in Noida, Uttar Pradesh, India.
The registered office of Avaada Mhyavat is at C – 11 Sector – 65, Noida, Uttar Pradesh, India – 201301.
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