About Avaada Sustainable Rjproject Private Limited
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Avaada Sustainable Rjproject 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 20 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U40106UP2019PTC123601. Its GSTIN is 08AASCA9593R1Z9 (Rajasthan).
The company has an authorised share capital of ₹10.25 Cr and a paid-up capital of ₹88.8 Cr. It is led by directors Jay Shankar Shukla and Murtuza Kakuji.
Its last annual general meeting (AGM) was held on 29 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 ₹189.02 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.41 Cr (net margin -1.3%) and EBITDA of ₹171.3 Cr (EBITDA margin 90.6%). Revenue has grown at a compounded annual rate (CAGR) of 144% over three years.
The company has about 13 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹1,395 Cr and satisfied charges of ₹1,101 Cr on record. The company has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹88.79 Cr; the latest was in October 2020. 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 Walwhan Solar MP Limited with revenue of ₹191.95 Cr.
For more details, the company can be reached via its website avaada.com.
Company details
Contact details
Avaada Sustainable Rjproject Private Limited's registered office is in Noida, Uttar Pradesh. Its website is avaada.com. Its e-mail address is in the company report.
- Email
- 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 Sustainable Rjproject 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 Sustainable Rjproject 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 Rjproject 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 Rjproject Private Limited, buy the company report.
Financials of Avaada Sustainable Rjproject Private Limited
FY 2025 filings availableAvaada Sustainable Rjproject Private Limited reported revenue of ₹189.02 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 144%. 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 | ₹171.3 Cr | ||||
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| Net Profit (PAT) | -₹2.41 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 | 90.6% | ||||
| Net Profit Margin | -1.3% | ||||
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To see the full financial statements and ratios of Avaada Sustainable Rjproject Private Limited, buy the company report.
Board of directors of Avaada Sustainable Rjproject Private Limited
Avaada Sustainable Rjproject has 2 current directors and 5 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 | 20 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 9 Months | Current |
Peer comparison
Avaada Sustainable Rjproject 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 |
|---|---|---|---|---|---|---|
| Walwhan Solar MP Limited | ₹191.95 Cr (FY 2024) | -3.0% | Mumbai, Maharashtra, India | |||
| Clean Solar Power (Bhadla) Private Limited | ₹191.08 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Adyah Solar Energy Private Limited | ₹190.2 Cr (FY 2025) | -10.0% | Rajajinagar Bangalore, Karnataka, India | |||
| Arinsun Clean Energy Private Limited | ₹190.1 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Avaada Sustainable Rjproject Private Limitedthis company | ₹189.02 Cr (FY 2025) | -₹2.41 Cr | -1.3% | -6.0% | 13 | Noida, Uttar Pradesh, India |
| Sprng Agnitra Private Limited | ₹187.8 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Kpig Energia Private Limited | ₹185.16 Cr (FY 2025) | -32.0% | Surat, Gujarat, India | |||
| Sprng Solar India Private Limited | ₹183.88 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Emergent Solren Private Limited | ₹181.38 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Avaada Sustainable Rjproject Private Limited, buy the company report.
Auditor
Avaada Sustainable Rjproject 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 Sustainable Rjproject Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Avaada Sustainable Rjproject Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2024 | 100927156 | Others | ₹995 Cr | Open | |
| 24 Jun 2021 | 100454624 | Others | ₹400 Cr | Open | |
| 17 Jun 2021 | 100451459 | Others | ₹1,065 Cr | Satisfied | |
| 12 Feb 2020 | 100322385 | Others | ₹36 Cr | Satisfied |
To see the full charge records of Avaada Sustainable Rjproject Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Avaada Sustainable Rjproject Private Limited has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹88.79 Cr; the latest was in October 2020.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Funding round | ₹88.79 Cr | Investors: Avaada Energy Private Limited |
| Oct 2020 | Acquisition | ₹241.13 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
No court or tribunal cases involving Avaada Sustainable Rjproject Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Avaada Sustainable Rjproject 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 Sustainable Rjproject Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avaada Sustainable Rjproject Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avaada Sustainable Rjproject has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avaada Rjjamsar Private Limited | U40300UP2017PTC167577 |
To see the full group structure of Avaada Sustainable Rjproject Private Limited, buy the company report.
Employees & EPFO
Avaada Sustainable Rjproject Private Limited has a workforce of 13 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 13 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Avaada Sustainable Rjproject Private Limited, buy the company report.
GST
Avaada Sustainable Rjproject has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AASCA9593R1Z9 | Rajasthan | Active | 30 Jan 2020 |
To see the full GST registrations and return filing status of Avaada Sustainable Rjproject Private Limited, buy the company report.
Recent activity
Avaada Sustainable Rjproject Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Murtuza Kakuji ceased to be Additional Director on 27 Sep 2022.
5 earlier events are in the company report.
News
Frequently asked questions
Avaada Sustainable Rjproject 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 20 November 2019 (7+ years old) and is registered under CIN U40106UP2019PTC123601.
Avaada Sustainable Rjproject has 2 current directors:
- Jay Shankar Shukla - Director
- Murtuza Kakuji - Director
The latest financial statements of Avaada Sustainable Rjproject on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Avaada Sustainable Rjproject is 08AASCA9593R1Z9, registered in Rajasthan.
The CIN (Corporate Identification Number) of Avaada Sustainable Rjproject is U40106UP2019PTC123601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Sustainable Rjproject was incorporated on 20 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kanpur.
Avaada Sustainable Rjproject has 2 deals on record (1 funding round, 1 acquisition), with disclosed funding of ₹88.79 Cr; the latest was in October 2020.
The peers of Avaada Sustainable Rjproject by revenue are Walwhan Solar MP Limited, Clean Solar Power (Bhadla) Private Limited, Adyah Solar Energy Private Limited, Arinsun Clean Energy Private Limited, Sprng Agnitra Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Murtuza Kakuji ceased to be Additional Director on 27 Sep 2022. Mitish Manoharlal Somani ceased to be Director on 29 Jan 2022. Murtuza Kakuji was appointed as Director on 28 Jan 2022. Avaada Sustainable Rjproject has 5 board changes on record in total.
Avaada Sustainable Rjproject can be reached through the website avaada.com. Its registered office is in Noida, Uttar Pradesh, India.
The registered office of Avaada Sustainable Rjproject is at C – 11 Sector – 65, Noida, Uttar Pradesh, India – 201301.
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