About Avaada Sustainable Energy Private Limited
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Avaada Sustainable 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 27 January 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2015PTC436052. Its GSTIN is 29AABCW6071B1ZE (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 Sustainable Energy Private Limited. It is led by directors Radha Malayil Saraswathi Amma 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 2025, the company reported a revenue of ₹26.87 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹7.73 Cr (net margin 28.8%) and EBITDA of ₹24.03 Cr (EBITDA margin 89.4%). Revenue has declined at a compounded annual rate (CAGR) of 4% 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 ₹125 Cr and satisfied charges of ₹124 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in March 2019. 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, 4 larger and 3 smaller; the largest is Photon Ultrawave Private Limited with revenue of ₹27.34 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avaadaenergy.com.
Company details
CIN history
Avaada Sustainable Energy has one previous CIN (Corporate Identification Number): U40106DL2015PTC275959. The current CIN is U40106MH2015PTC436052, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2015PTC436052 | Current |
| U40106DL2015PTC275959 | Previous |
Contact details
Avaada Sustainable 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 Sustainable 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 Sustainable 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 Sustainable Energy Private Limited, buy the company report.
Financials of Avaada Sustainable Energy Private Limited
FY 2025 filings availableAvaada Sustainable Energy Private Limited reported revenue of ₹26.87 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 8% fall in the latest year. EBITDA fell 10% 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 | ₹24.03 Cr | ||||
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| Net Profit (PAT) | ₹7.73 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 | 89.4% | ||||
| Net Profit Margin | 28.8% | ||||
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To see the full financial statements and ratios of Avaada Sustainable Energy Private Limited, buy the company report.
Board of directors of Avaada Sustainable Energy Private Limited
Avaada Sustainable Energy has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radha Malayil Saraswathi Amma | Director | 04 Aug 2020 | 6 Years 3 Months | Current |
| Prashant Choubey | Director | 04 Aug 2020 | 6 Years 3 Months | Current |
Peer comparison
Avaada Sustainable 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 |
|---|---|---|---|---|---|---|
| Photon Ultrawave Private Limited | ₹27.34 Cr (FY 2024) | 1.0% | New Delhi, Delhi, India | |||
| Talettutayi Solar Projects One Private Limited | ₹27.3 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India | |||
| Photon Sunbeam Private Limited | ₹27.2 Cr (FY 2024) | 0.0% | New Delhi, Delhi, India | |||
| Heramba Renewables Limited | ₹27.06 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India | |||
| Avaada Sustainable Energy Private Limitedthis company | ₹26.87 Cr (FY 2025) | ₹7.73 Cr | 28.8% | -8.0% | Mumbai, Maharashtra, India | |
| Ujjvalatejas Solaire Urja Private Limited | ₹26.72 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| Ujjawala Power Private Limited | ₹26.69 Cr (FY 2025) | -4.0% | Ahmedabad, Gujarat, India | |||
| Solairedirect Projects India Private Limited | ₹26.68 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Avaada Sustainable Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Jun 2020 | 100344455 | Others | ₹125 Cr | Open | |
| 05 Feb 2018 | 100158881 | Others | ₹124 Cr | Satisfied |
To see the full charge records of Avaada Sustainable Energy Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Avaada Sustainable Energy Private Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in March 2019.
Deals on record (2 of 3)
| 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 |
To see the full deal history of Avaada Sustainable 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 Sustainable Energy Private Limited has 3 court cases on record: 2 filed by Avaada Sustainable Energy, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed by the company against Bangalore Electricity Supply Company Ltd and 5 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Bangalore Electricity Supply Company Limited and 5 others | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by Karnataka Electricity Regulatory Commission | Pending |
To see the full case history of Avaada Sustainable 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avaada Sustainable Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Avaada Sustainable Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW6071B1ZE | Karnataka | Active | 03 Oct 2017 |
To see the full GST registrations and return filing status of Avaada Sustainable Energy Private Limited, buy the company report.
Recent activity
Avaada Sustainable Energy Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Prashant Choubey ceased to be Additional Director on 28 Sep 2020.
5 earlier events are in the company report.
News
Frequently asked questions
Avaada Sustainable 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 27 January 2015 (11+ years old) and is registered under CIN U40106MH2015PTC436052.
Avaada Sustainable Energy has 2 current directors:
- Radha Malayil Saraswathi Amma - Director
- Prashant Choubey - Director
The latest financial statements of Avaada Sustainable 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 2015 are in the company report.
The GSTIN of Avaada Sustainable Energy is 29AABCW6071B1ZE, registered in Karnataka.
The CIN (Corporate Identification Number) of Avaada Sustainable Energy is U40106MH2015PTC436052. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Sustainable Energy has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.
Avaada Sustainable Energy was incorporated on 27 January 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Sustainable Energy has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in March 2019.
The peers of Avaada Sustainable Energy by revenue are Photon Ultrawave Private Limited, Talettutayi Solar Projects One Private Limited, Photon Sunbeam Private Limited, Heramba Renewables Limited, Ujjvalatejas Solaire Urja Private Limited and 2 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 2020. Radha Malayil Saraswathi Amma ceased to be Additional Director on 28 Sep 2020. Mitish Manoharlal Somani ceased to be Director on 07 Aug 2020. Avaada Sustainable Energy has 9 board changes on record in total.
Avaada Sustainable Energy can be reached through the website avaadaenergy.com. Its registered office is in Mumbai, Maharashtra, India.
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