About Avaada Non-Conventional Upproject Private Limited
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Avaada Non-Conventional Upproject Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Avaada Energy Private Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 02 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40200MH2018PTC436053. Its GSTIN is 09AAQCA8535M1ZV (Uttar Pradesh).
The company has an authorised share capital of ₹44 Cr and a paid-up capital of ₹43.51 Cr. It was formerly known as Avaada Solar Upshahjad Private Limited. It is led by directors Ravi Kant Verma and Prashant Choubey.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹29.99 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.71 Cr (net margin 5.7%) and EBITDA of ₹26.38 Cr (EBITDA margin 88%). Revenue has grown at a compounded annual rate (CAGR) of 129% over three years.
The company has about 2 employees 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 ₹168 Cr and satisfied charges of ₹456.65 Cr on record. The company has 4 deals on record (2 convertible or debt financings, 1 funding round, 1 acquisition), with disclosed funding of ₹174.01 Cr; the latest was in March 2021.
For more details, the company can be reached via its website avaadaenergy.com.
- EmailLocked
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- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryEnergy and Power, Power Transmission & Distribution Services
- 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
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Financials of Avaada Non-Conventional Upproject Private Limited FY 2025 filings available
Avaada Non-Conventional Upproject Private Limited reported revenue of ₹29.99 Cr (up 17% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Avaada Non-Conventional Upproject Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 129% over three years, including 17% growth in the latest year. EBITDA rose 22% 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 of Avaada Non-Conventional Upproject Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹29.99 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹26.38 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.71 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 of Avaada Non-Conventional Upproject Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 88% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Avaada Non-Conventional Upproject are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject Private Limited is audited by GOYAL MALHOTRA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GOYAL MALHOTRA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kant Verma Also directs: Meja Hospitality Services LLP, Avaada Gjclean Private Limited, Avaada Mhrenewable3 Private Limited and 5 more | Director | 02 May 2018 | 8 Years 5 Months | Current |
| Prashant Choubey Also directs: Avaada Sunrise Energy Private Limited, Fermi Solarfarms Private Limited, Avaada Knshorapur Private Limited and 5 more | Director | 02 May 2018 | 8 Years 5 Months | Current |
Ownership and Shareholding of Avaada Non-Conventional Upproject Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Avaada Non-Conventional Upproject Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Mar 2020 | Others | ₹168 Cr | Open |
| 19 Mar 2020 | Others | ₹439.6 Cr | Satisfied |
| 23 Apr 2019 | Others | ₹17.05 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject Private Limited has 4 deals on record (2 convertible or debt financings, 1 funding round, 1 acquisition), with disclosed funding of ₹174.01 Cr; the latest was in March 2021.
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2019 | Funding round | ₹43.5 Cr | Investors: Avaada Energy Private Limited |
| Oct 2019 | Acquisition | ₹97 Cr | Buyer: Avaada Energy Private Limited |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject 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 |
Employees and EPFO Compliance at Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject Private Limited has a workforce of 2 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject has one previous CIN (Corporate Identification Number): U40200DL2018PTC333311. The current CIN is U40200MH2018PTC436053, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40200MH2018PTC436053 | Current |
| U40200DL2018PTC333311 | Previous |
News related to Avaada Non-Conventional Upproject Private Limited
Recent Activity on Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Prashant Choubey was appointed as Director on 02 May 2018.
Credit Ratings, Litigation & Regulatory Alerts for Avaada Non-Conventional Upproject Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avaada Non-Conventional Upproject Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avaada Non-Conventional Upproject Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAQCA8535M1ZV | Uttar Pradesh | Active | 06 Jan 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avaada Non-Conventional Upproject Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Avaada Non-Conventional Upproject Private Limited
Avaada Non-Conventional Upproject is an active private limited company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 02 May 2018 (8+ years old) and is registered under CIN U40200MH2018PTC436053.
Avaada Non-Conventional Upproject reported revenue of ₹29.99 Cr for FY 2023 (up 17% YoY).
Avaada Non-Conventional Upproject has 2 current directors:
- Ravi Kant Verma - Director
- Prashant Choubey - Director
Avaada Non-Conventional Upproject reported a net profit of ₹1.71 Cr (net margin 5.7%) and EBITDA of ₹26.38 Cr (EBITDA margin 88%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avaada Non-Conventional Upproject is 129% over three years. In the latest year (FY 2023) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avaada Non-Conventional Upproject is 09AAQCA8535M1ZV, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Avaada Non-Conventional Upproject is U40200MH2018PTC436053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Non-Conventional Upproject was incorporated on 02 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Non-Conventional Upproject has 4 deals on record (2 convertible or debt financings, 1 funding round, 1 acquisition), with disclosed funding of ₹174.01 Cr; the latest was in March 2021.
Prashant Choubey was appointed as Director on 02 May 2018. Ravi Kant Verma was appointed as Director on 02 May 2018.