About Avaada Sunrays Energy Private Limited
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Avaada Sunrays Energy Private Limited is a private limited company based in Noida, Uttar Pradesh, 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 21 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U40300UP2019PTC123689. Its GSTIN is 08AASCA9678F1ZW (Rajasthan).
The company has an authorised share capital of ₹195 Cr and a paid-up capital of ₹193.3 Cr. 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 ₹204.37 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹22.24 Cr (net margin -10.9%) and EBITDA of ₹186.57 Cr (EBITDA margin 91.3%).
The company has about 5 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 ₹1,371 Cr and satisfied charges of ₹1,233 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in October 2021. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 2 smaller; the largest is Crescent Power Limited with revenue of ₹214.14 Cr.
For more details, the company can be reached via its website avaada.com.
Company details
Contact details
Avaada Sunrays Energy Private Limited's registered office is in Noida, Uttar Pradesh. Its website is avaada.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 Sunrays 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 Sunrays 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 Sunrays 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 Sunrays Energy Private Limited, buy the company report.
Financials of Avaada Sunrays Energy Private Limited
FY 2025 filings availableAvaada Sunrays Energy Private Limited reported revenue of ₹204.37 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. EBITDA rose 5% 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 | ₹186.57 Cr | ||||
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| Net Profit (PAT) | -₹22.24 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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| EBITDA Margin | 91.3% | ||||
| Net Profit Margin | -10.9% | ||||
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To see the full financial statements and ratios of Avaada Sunrays Energy Private Limited, buy the company report.
Board of directors of Avaada Sunrays Energy Private Limited
Avaada Sunrays 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 |
|---|---|---|---|---|
| Jay Shankar Shukla Also directs: Meja Hospitality Services LLP, Avaada Sunbeam Energy Private Limited, Avaada Kngreen Private Limited and 5 more | Director | 21 Nov 2019 | 6 Years 11 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 8 Months | Current |
Peer comparison
Avaada Sunrays Energy Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Crescent Power Limited | ₹214.14 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Adani Solar Energy RJ One Limited | ₹208.97 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Acme Heergarh Powertech Private Limited | ₹208.76 Cr (FY 2025) | 10.0% | Gurugram, Haryana, India | |||
| Abc Renewable Energy (Rj-01) Private Limited | ₹207.97 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| Avaada Sunrise Energy Private Limited | ₹205.13 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Avaada Sunrays Energy Private Limitedthis company | ₹204.37 Cr (FY 2025) | -₹22.24 Cr | -10.9% | -1.0% | 5 | Noida, Uttar Pradesh, India |
| Renew Solar Energy (Jharkhand Three) Private Limited | ₹203.4 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Renew Solar Energy (Telangana) Private Limited | ₹200.5 Cr (FY 2025) | -12.0% | New Delhi, Delhi, India |
To see the full peer comparison of Avaada Sunrays Energy Private Limited, buy the company report.
Auditor
Avaada Sunrays Energy Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2023 | 015125N |
Shareholding
The shareholding of Avaada Sunrays Energy 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) | |||
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| Others |
To see the full shareholding pattern of Avaada Sunrays Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2024 | 100927195 | Others | ₹1,371 Cr | Open | |
| 13 Jan 2022 | 100526852 | Indian Bank | ₹32 Cr | Satisfied | |
| 14 Oct 2021 | 100491754 | Others | ₹1,137 Cr | Satisfied | |
| 16 Dec 2020 | 100402168 | Others | ₹32 Cr | Satisfied | |
| 11 Aug 2020 | 100365838 | Others | ₹32 Cr | Satisfied |
To see the full charge records of Avaada Sunrays Energy Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Avaada Sunrays Energy Private Limited has 1 deal on record (1 acquisition); the latest was in October 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Acquisition | ₹341.09 Cr | Buyer: Avaada Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Avaada Sunrays Energy Private Limited has 3 court cases on record: 3 filed by Avaada Sunrays Energy. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, RAJASTHAN | Writ petition | Filed by the company against NTPC Limited and 2 others | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Customs Group Va & Anr. | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Central Board of Indirect Taxes and Customs & Anr. | Disposed |
To see the full case history of Avaada Sunrays 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 Sunrays Energy Private Limited was last rated by Care on 19 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 Feb 2026 |
To see the full credit ratings and regulatory alerts of Avaada Sunrays Energy Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avaada Sunrays Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avaada Sunrays Energy Private Limited has a workforce of 5 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Avaada Sunrays Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AASCA9678F1ZW | Rajasthan | Active | 31 Aug 2020 |
To see the full GST registrations and return filing status of Avaada Sunrays Energy Private Limited, buy the company report.
Recent activity
Avaada Sunrays Energy Private Limited has 6 board changes on record since 2019: 3 appointments and 3 cessations. The latest: Moksha Umesh Kotian was appointed as Company Secretary on 21 Mar 2025.
9 earlier events are in the company report.
News
Frequently asked questions
Avaada Sunrays Energy 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 21 November 2019 (7+ years old) and is registered under CIN U40300UP2019PTC123689.
Avaada Sunrays Energy has 2 current directors:
- Jay Shankar Shukla - Director
- Murtuza Kakuji - Director
The latest financial statements of Avaada Sunrays 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 2020 are in the company report.
The GSTIN of Avaada Sunrays Energy is 08AASCA9678F1ZW, registered in Rajasthan.
The CIN (Corporate Identification Number) of Avaada Sunrays Energy is U40300UP2019PTC123689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Sunrays Energy has 3 court cases on record: 3 filed by the company.
Avaada Sunrays Energy was incorporated on 21 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Avaada Sunrays Energy has 1 deal on record (1 acquisition); the latest was in October 2021.
The peers of Avaada Sunrays Energy by revenue are Crescent Power Limited, Adani Solar Energy RJ One Limited, Acme Heergarh Powertech Private Limited, Abc Renewable Energy (Rj-01) Private Limited, Avaada Sunrise Energy Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Moksha Umesh Kotian was appointed as Company Secretary on 21 Mar 2025. Murtuza Kakuji ceased to be Additional Director on 27 Sep 2022. Murtuza Kakuji was appointed as Director on 28 Jan 2022. Avaada Sunrays Energy has 6 board changes on record in total.
Avaada Sunrays Energy can be reached through the website avaada.com. Its registered office is in Noida, Uttar Pradesh, India.