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 10 peer companies in the Cleantech industry (Solar Power) are compared by revenue, 5 larger and 5 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressC – 11 Sector – 65, Noida, Uttar Pradesh, India – 201301
- 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
- One PDF report, delivered after checkout
Associated Brands with Avaada Sunrays Energy Private Limited
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 of Avaada Sunrays Energy Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Avaada Sunrays Energy Private Limited FY 2025 filings available
Avaada Sunrays Energy Private Limited reported revenue of ₹204.37 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Avaada Sunrays Energy Private Limited
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 of Avaada Sunrays Energy Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹186.57 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹22.24 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 Sunrays Energy Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.9% | •••• | •••• | •••• | •••• |
| 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 Sunrays Energy are in the company report.
Financial statements from FY 2020
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.
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 of Avaada Sunrays Energy Private Limited
Avaada Sunrays Energy Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| 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 Limited this company | ₹204.37 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Noida, Uttar Pradesh, India |
| Lunarmech Technologies Private Limited | ₹203.41 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Renew Solar Energy (Jharkhand Three) Private Limited | ₹203.4 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Acme Solar Energy Private Limited | ₹202.58 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Gurgaon, Haryana, India |
| Renew Solar Energy (Telangana) Private Limited | ₹200.5 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
| Shantinath Motors Private Limited | ₹199.47 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Gandhidham, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Avaada Sunrays Energy by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Avaada Sunrays Energy Private Limited
Avaada Sunrays Energy Private Limited is audited by Deloitte Haskins & Sells for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells | 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.
Ownership and Shareholding of Avaada Sunrays Energy 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 Sunrays Energy Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 May 2024 | Others | ₹1,371 Cr | Open |
| 13 Jan 2022 | Indian Bank | ₹32 Cr | Satisfied |
| 14 Oct 2021 | Others | ₹1,137 Cr | Satisfied |
| 16 Dec 2020 | Others | ₹32 Cr | Satisfied |
| 11 Aug 2020 | Others | ₹32 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Avaada Sunrays Energy Private Limited
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 |
Full deal history
All 1 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.
Legal Cases of Avaada Sunrays Energy Private Limited
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 |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
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- Decision dates and orders
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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.
Employees and EPFO Compliance at Avaada Sunrays Energy Private Limited
Avaada Sunrays Energy Private Limited has a workforce of 5 employees as of Mar 27, 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.
Recent Activity on Avaada Sunrays Energy Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Avaada Sunrays Energy 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
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- Director-linked violations
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MSME Payment Delays by Avaada Sunrays Energy 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
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Subsidiaries & Group Companies of Avaada Sunrays Energy Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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GST Compliance of Avaada Sunrays Energy Private Limited
Avaada Sunrays Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AASCA9678F1ZW | Rajasthan | Active | 31 Aug 2020 |
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
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- Tax jurisdiction records
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MCA Filings & Documents of Avaada Sunrays Energy 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
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Related news about Avaada Sunrays Energy Private Limited
Frequently Asked Questions about Avaada Sunrays Energy Private Limited
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 reported revenue of ₹204.37 Cr for FY 2025 (down 1% YoY).
Avaada Sunrays Energy has 2 current directors:
- Jay Shankar Shukla - Director
- Murtuza Kakuji - Director
Avaada Sunrays Energy reported a net loss of ₹22.24 Cr (net margin -10.9%) and EBITDA of ₹186.57 Cr (EBITDA margin 91.3%) for FY 2025, as per its filed financial statements.
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 5 more, all in the Cleantech industry (Solar Power).
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.