Avaada Non-Conventional Energy Private Limited
About Avaada Non-Conventional Energy Private Limited
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Avaada Non-Conventional 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 23 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2015PTC437169. Its GSTIN is 29AABCW6118P1ZP (Karnataka).
The company has an authorised share capital of ₹20.5 Cr and a paid-up capital of ₹20.26 Cr. It was formerly known as Welspun Wind Energy Private Limited. It is led by directors Radha Malayil Saraswathi Amma and Prashant Choubey.
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 ₹33.45 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹13.78 Cr (net margin 41.2%) and EBITDA of ₹30.3 Cr (EBITDA margin 90.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% 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 ₹87 Cr and satisfied charges of ₹215 Cr on record. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in December 2017. 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, 2 larger and 4 smaller; the largest is Azure Power Venus Private Limited with revenue of ₹33.65 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Avaada Non-Conventional Energy has one previous CIN (Corporate Identification Number): U40106DL2015PTC275947. The current CIN is U40106MH2015PTC437169, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2015PTC437169 | Current |
| U40106DL2015PTC275947 | Previous |
Contact details
Avaada Non-Conventional 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 Non-Conventional 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 Non-Conventional 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 Non-Conventional Energy Private Limited, buy the company report.
Financials of Avaada Non-Conventional Energy Private Limited
FY 2025 filings availableAvaada Non-Conventional Energy Private Limited reported revenue of ₹33.45 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 5% growth in the latest year. EBITDA rose 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 |
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| EBITDA | ₹30.3 Cr | ||||
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| Net Profit (PAT) | ₹13.78 Cr | ||||
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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 | 90.6% | ||||
| Net Profit Margin | 41.2% | ||||
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To see the full financial statements and ratios of Avaada Non-Conventional Energy Private Limited, buy the company report.
Board of directors of Avaada Non-Conventional Energy Private Limited
Avaada Non-Conventional Energy has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radha Malayil Saraswathi Amma Also directs: Avaada Solar Energy Private Limited, Viraj Solar Maharashtra Private Limited, Avaada Sustainable Energy Private Limited and 4 more | Director | 08 Mar 2018 | 8 Years 7 Months | Current |
| Prashant Choubey | Director | 08 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Avaada Non-Conventional Energy 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 |
|---|---|---|---|---|---|---|
| Azure Power Venus Private Limited | ₹33.65 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Acme Mahbubnagar Solar Energy Private Limited | ₹33.59 Cr (FY 2025) | 0.0% | Gurgaon, Haryana, India | |||
| Avaada Non-Conventional Energy Private Limitedthis company | ₹33.45 Cr (FY 2025) | ₹13.78 Cr | 41.2% | 5.0% | Mumbai, Maharashtra, India | |
| Suryoday One Energy Private Limited | ₹33.24 Cr (FY 2023) | 1.0% | Bangalore, Karnataka, India | |||
| Sei Green Flash Private Limited | ₹33.23 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Renew Ranga Reddy Solar Power Private Limited | ₹33.2 Cr (FY 2025) | -8.0% | Gurugram, Haryana, India | |||
| VVSR Green Energy Private Limited | ₹32.94 Cr (FY 2024) | 127.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Avaada Non-Conventional Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Mar 2021 | 100432729 | Others | ₹87 Cr | Open | |
| 05 Feb 2018 | 100159027 | Others | ₹124 Cr | Satisfied | |
| 04 Jan 2018 | 100148622 | Others | ₹91 Cr | Satisfied |
To see the full charge records of Avaada Non-Conventional Energy Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Avaada Non-Conventional Energy Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in December 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Acquisition | ₹20.53 Cr | Buyer: Avaada Energy Private Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited , Avaada Energy Private Limited & Vineet Mittal Seller: Walwhan Renewable Energy Limited , Welspun Renewables Energy Private Limited & Vineet 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 Non-Conventional 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 Non-Conventional Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avaada Non-Conventional Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW6118P1ZP | Karnataka | Active | 03 Nov 2017 |
To see the full GST registrations and return filing status of Avaada Non-Conventional Energy Private Limited, buy the company report.
Recent activity
Avaada Non-Conventional Energy Private Limited has 8 board changes on record since 2015: 2 appointments and 6 cessations. The latest: Prashant Choubey ceased to be Additional Director on 28 Sep 2018.
6 earlier events are in the company report.
Frequently asked questions
Avaada Non-Conventional 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 23 January 2015 (11+ years old) and is registered under CIN U40106MH2015PTC437169.
Avaada Non-Conventional Energy has 2 current directors:
- Radha Malayil Saraswathi Amma - Director
- Prashant Choubey - Director
The latest financial statements of Avaada Non-Conventional 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 Non-Conventional Energy is 29AABCW6118P1ZP, registered in Karnataka.
The CIN (Corporate Identification Number) of Avaada Non-Conventional Energy is U40106MH2015PTC437169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Non-Conventional Energy was incorporated on 23 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Non-Conventional Energy has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in December 2017.
The peers of Avaada Non-Conventional Energy by revenue are Azure Power Venus Private Limited, Acme Mahbubnagar Solar Energy Private Limited, Suryoday One Energy Private Limited, Sei Green Flash Private Limited, Renew Ranga Reddy Solar Power Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Prashant Choubey ceased to be Additional Director on 28 Sep 2018. Radha Malayil Saraswathi Amma ceased to be Additional Director on 28 Sep 2018. Mitish Manoharlal Somani ceased to be Director on 08 Mar 2018. Avaada Non-Conventional Energy has 8 board changes on record in total.
The registered office of Avaada Non-Conventional Energy is at 406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069.
Avaada Non-Conventional Energy operates in the environment industry, in the solar energy solutions segment.
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