About Avaada Solarise Energy Private Limited
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Avaada Solarise 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 05 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2018PTC440054. Its GSTIN is 29AARCA2636G1ZF (Karnataka).
The company has an authorised share capital of ₹44 Cr and a paid-up capital of ₹42.85 Cr. It is led by directors Gopal Goel and Rajesh Bihari Dwivedi.
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 2025, the company reported a revenue of ₹100.54 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹16.79 Cr (net margin 16.7%) and EBITDA of ₹87.17 Cr (EBITDA margin 86.7%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 24% over five years.
The company has about 3 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 ₹444.11 Cr and satisfied charges of ₹1,059.5 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 4 deals on record (2 convertible or debt financings, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹256.98 Cr; the latest was in March 2025. Its 8 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 4 smaller; the largest is Renew Fazilka Solar Power Private Limited with revenue of ₹102.1 Cr.
For more details, the company can be reached via its website avaadaenergy.com.
Company details
CIN history
Avaada Solarise Energy has one previous CIN (Corporate Identification Number): U40300DL2018PTC338280. The current CIN is U40300MH2018PTC440054, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300MH2018PTC440054 | Current |
| U40300DL2018PTC338280 | Previous |
Contact details
Avaada Solarise 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 Solarise 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 Solarise 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 Solarise Energy Private Limited, buy the company report.
Financials of Avaada Solarise Energy Private Limited
FY 2025 filings availableAvaada Solarise Energy Private Limited reported revenue of ₹100.54 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 3% 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 | ₹87.17 Cr | ||||
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| Net Profit (PAT) | ₹16.79 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 | 86.7% | ||||
| Net Profit Margin | 16.7% | ||||
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To see the full financial statements and ratios of Avaada Solarise Energy Private Limited, buy the company report.
Board of directors of Avaada Solarise Energy Private Limited
Avaada Solarise Energy 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 |
|---|---|---|---|---|
| Gopal Goel Also directs: KMF Nandini Avaada KN Private Limited, Avaada Knyadgir Private Limited, Avaada Mhgreen Private Limited and 5 more | Director | 09 Dec 2021 | 4 Years 11 Months | Current |
| Rajesh Bihari Dwivedi Also directs: Avaada Mhsustainable3 Private Limited, KMF Nandini Avaada KN Private Limited, Avaada Knyadgir Private Limited and 5 more | Director | 09 Dec 2021 | 4 Years 11 Months | Current |
Peer comparison
Avaada Solarise Energy Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Renew Fazilka Solar Power Private Limited | ₹102.1 Cr (FY 2025) | 92.0% | Gurugram, Haryana, India | |||
| Axis Energy Ventures India Private Limited | ₹102.01 Cr (FY 2025) | 91.0% | Hyderabad, Telangana, India | |||
| Azure Power Thirty Seven Private Limited | ₹100.84 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Agrawal Renewable Energy Private Limited | ₹100.59 Cr (FY 2025) | 70.0% | Margao, Goa, India | |||
| Avaada Solarise Energy Private Limitedthis company | ₹100.54 Cr (FY 2025) | ₹16.79 Cr | 16.7% | -2.0% | Mumbai, Maharashtra, India | |
| Azure Power Thirty Four Private Limited | ₹100.46 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Hindupur Solar Park Private Limited | ₹100.27 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India | |||
| Asj Solar Energy Private Limited | ₹98.76 Cr (FY 2025) | 110.0% | Hyderabad, Telangana, India | |||
| JSW Adarsh Power Private Limited | ₹98.14 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Avaada Solarise Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2025 | 101052501 | Others | ₹444.11 Cr | Open | |
| 02 Mar 2022 | 100578191 | Others | ₹499 Cr | Satisfied | |
| 18 Feb 2022 | 100548663 | Others | ₹11 Cr | Satisfied | |
| 23 Dec 2019 | 100314288 | Yes Bank Limited | ₹13 Cr | Satisfied | |
| 22 Aug 2019 | 100282268 | Others | ₹514 Cr | Satisfied |
To see the full charge records of Avaada Solarise Energy Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Avaada Solarise Energy Private Limited has 4 deals on record (2 convertible or debt financings, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹256.98 Cr; the latest was in March 2025.
Deals on record (2 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Rights issue | ₹42.84 Cr | Investors: Avaada Energy Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited & Vineet Mittal Seller: Giriraj Renewables Private Limited & Vineet Mittal |
To see the full deal history of Avaada Solarise 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 Solarise Energy Private Limited has 2 court cases on record: 1 filed by Avaada Solarise Energy, 1 filed against it. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Bangalore Electricity Supply Company Limited and 3 others | Pending |
| Supreme Court | Court case (0411-Indirect Taxes Matters : Classification under the Indian Tariff Act, 1934 & Customs Tariff Act, 1975) | Filed against the company by Karnataka Renewablel Energy Development Limited Rep by Its Secretary 39, Shanthi Gruha Bharath Scouts and Guides Buildings, Opp the Chief Postmaster General Ofice ,Bangalore , Karnataka and 6 others | Disposed |
To see the full case history of Avaada Solarise 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.
Credit ratings & regulatory alerts
Avaada Solarise Energy Private Limited was last rated by Crisil on 10 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Nov 2020 |
To see the full credit ratings and regulatory alerts of Avaada Solarise Energy Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avaada Solarise Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avaada Solarise Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AARCA2636G1ZF | Karnataka | Active | 25 Nov 2018 |
To see the full GST registrations and return filing status of Avaada Solarise Energy Private Limited, buy the company report.
Recent activity
Avaada Solarise Energy Private Limited has 6 board changes on record since 2021: 2 appointments and 4 cessations. The latest: Gopal Goel ceased to be Additional Director on 26 Sep 2022.
9 earlier events are in the company report.
News
Frequently asked questions
Avaada Solarise 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 05 September 2018 (8+ years old) and is registered under CIN U40300MH2018PTC440054.
Avaada Solarise Energy has 2 current directors:
- Gopal Goel - Director
- Rajesh Bihari Dwivedi - Director
The latest financial statements of Avaada Solarise Energy 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 2019 are in the company report.
The GSTIN of Avaada Solarise Energy is 29AARCA2636G1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Avaada Solarise Energy is U40300MH2018PTC440054. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Solarise Energy has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Avaada Solarise Energy was incorporated on 05 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Solarise Energy has 4 deals on record (2 convertible or debt financings, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹256.98 Cr; the latest was in March 2025.
The peers of Avaada Solarise Energy by revenue are Renew Fazilka Solar Power Private Limited, Axis Energy Ventures India Private Limited, Azure Power Thirty Seven Private Limited, Agrawal Renewable Energy Private Limited, Azure Power Thirty Four Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Gopal Goel ceased to be Additional Director on 26 Sep 2022. Rajesh Bihari Dwivedi ceased to be Additional Director on 26 Sep 2022. Ravi Kant Verma ceased to be Director on 10 Dec 2021. Avaada Solarise Energy has 6 board changes on record in total.
Avaada Solarise Energy can be reached through the website avaadaenergy.com. Its registered office is in Mumbai, Maharashtra, India.
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