About Avaada Ventures Private Limited
Data last updated:
Avaada Ventures Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the engineering sector. It was incorporated on 27 June 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U35106MH2007PTC318041. Its GSTIN is 27AAKCS9700L1ZU (Maharashtra). The company holds 9 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹240.78 Cr and a paid-up capital of ₹84.19 Cr. It was formerly known as Sirius Media Private Limited and Avaada Power Private Limited. It is led by directors including Nawal Saini and Vinoo George.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,639.58 Cr, a growth of 91% compared to the previous year. For the same year it recorded a net loss of ₹395.51 Cr (net margin -24.1%) and EBITDA of ₹335.32 Cr (EBITDA margin 20.5%). Revenue has grown at a compounded annual rate (CAGR) of 53% over three years and 85% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 71 subsidiaries.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹14,557 Cr and satisfied charges of ₹4,032.5 Cr on record.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
- 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
Name History of Avaada Ventures Private Limited
Avaada Ventures has undergone 3 name changes throughout its history. The company was previously known as Sirius Media Private Limited, Avaada Power Private Limited, and Candor Power Private Limited. The current legal name is Avaada Ventures Private Limited.
| Company Name | Status |
|---|---|
| Avaada Ventures Private Limited | Current |
| Sirius Media Private Limited | Previous |
| Avaada Power Private Limited | Previous |
| Candor Power Private Limited | Previous |
CIN History of Avaada Ventures Private Limited
Avaada Ventures has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35106MH2007PTC318041, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35106MH2007PTC318041 | Current |
| U40106GJ2007PTC094768 | Previous |
| U40106MH2007PTC172029 | Previous |
| U22130MH2007PTC172029 | Previous |
| U40106MH2007PTC318041 | Previous |
Associated Brands with Avaada Ventures Private Limited
Avaada Ventures 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 |
Competitors & Alternatives of Avaada Ventures Private Limited
Brands and companies operating in the same space as Avaada Ventures Private Limited include Octopus Energy, Hero Future Energies, Azure Power and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Octopus Energy | Utility bill management platform is provided for tracking and billing. | London, United Kingdom | 2015 |
 Hero Future Energies | Renewable energy projects are developed for utility-scale and commercial use. | London, United Kingdom | 2012 |
 Azure Power | Provider of independent power producer in the utility scale renewable energy | Delhi, India | 2008 |
 ACME Group | Solar energy projects are developed for sustainable energy solutions. | Gurugram, India | 2003 |
 Acciona Energy | Renewable energy is developed, constructed, and marketed globally. | Madrid, Spain | 1997 |
 SolarArise | Solar energy projects are developed and managed across India. | Gurugram, India | 2009 |
 Tata Power Renewable Energy | Power producer and plant developer in the solar and wind energy sector | Mumbai, India | 2007 |
 Greenko Group | Energy transition and decarbonization solutions are provided by Greenko Group. | Hyderabad, India | 2006 |
 Atria Power | Renewable energy is produced via wind, solar, and hybrid systems. | Bengaluru, India | 1999 |
Business Activity of Avaada Ventures Private Limited
The main business activity of Avaada Ventures 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.
Auditor Details of Avaada Ventures Private Limited
Avaada Ventures Private Limited is audited by KAILASH CHAND JAIN & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAILASH CHAND JAIN & CO. | 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.
Board of Directors of Avaada Ventures Private Limited
Avaada Ventures has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nawal Saini | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
| Vinoo George Also directs: Avaada Electro Limited, Avaada Hydrocharge Private Limited, Avaada Glass Private Limited and 5 more | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
| Sindoor Vineet Mittal | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
| Prashant Choubey Also directs: Avaada Greenh2 Private Limited, Avaada Green Fuels Private Limited, Avaada Aqua Batteries Private Limited and 5 more | Director | 24 May 2018 | 8 Years 4 Months | Current |
| Vineet Mittal | Director | 29 Mar 2023 | 3 Years 6 Months | Current |
Financials of Avaada Ventures Private Limited FY 2024 filings available
Avaada Ventures Private Limited reported revenue of ₹1,639.58 Cr (up 91% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Avaada Ventures Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 85% over five years, including 91% growth in the latest year. EBITDA rose 96% 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 Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹335.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹395.51 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 Ventures Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -24.1% | •••• | •••• | •••• | •••• |
| 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 Ventures are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Avaada Ventures 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.
Group Structure of Avaada Ventures Private Limited
Avaada Ventures has 71 subsidiary companies and 2 associated companies. 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 Electro Private Limited | U31905UP2021PTC145680 | Locked |
| Avaada Electrolyser Private Limited | U31907UP2022PTC168710 | Locked |
| Avaada Sunrise Energy Private Limited | U40100DL2018PTC335579 | Locked |
| Avaada Clean Knproject Private Limited | U40100DL2018PTC339548 | Locked |
| Avaada Sunbeam Energy Private Limited | U40100MH2018PTC306827 | Locked |
| Avaada Sataramh Private Limited | U40100UP2019PTC124019 | Locked |
Showing major subsidiaries. Total: 71.
Charges & Borrowings of Avaada Ventures Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2025 | Others | ₹100 Cr | Open |
| 01 Aug 2025 | Sbicap Trustee Company Limited | ₹1,399 Cr | Open |
| 06 Jun 2025 | Others | ₹120 Cr | Open |
| 10 Feb 2025 | Sbicap Trustee Company Limited | ₹3,512 Cr | Open |
| 24 Apr 2024 | State Bank of India | ₹1 Lakh | Open |
Total charge records: 22 View all charges
Employees and EPFO Compliance at Avaada Ventures Private Limited
Avaada Ventures Private Limited has a workforce of 4 employees as of Apr 03, 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.
GST Compliance of Avaada Ventures Private Limited
Avaada Ventures has 9 GST registrations: 7 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS9700L1ZU | Maharashtra | Active | 01 Jul 2017 |
| 07AAKCS9700L1ZW | Delhi | Active | 02 Aug 2017 |
| 09AAKCS9700L2ZR | Uttar Pradesh | Active | 02 Aug 2017 |
| 08AAKCS9700L1ZU | Rajasthan | Active | 17 Aug 2017 |
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
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Avaada Ventures 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
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avaada Ventures 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
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avaada Ventures Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avaada Ventures 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
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Avaada Ventures Private Limited
Recent News on Avaada Ventures Private Limited
Frequently Asked Questions about Avaada Ventures Private Limited
Avaada Ventures is an active private limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 27 June 2007 (19+ years old) and is registered under CIN U35106MH2007PTC318041.
Avaada Ventures reported revenue of ₹1,639.58 Cr for FY 2023 (up 91% YoY).
Avaada Ventures has 5 current directors:
- Nawal Saini - Director
- Vinoo George - Director
- Sindoor Vineet Mittal - Director
- Prashant Choubey - Director
- Vineet Mittal - Director
Avaada Ventures reported a net loss of ₹395.51 Cr (net margin -24.1%) and EBITDA of ₹335.32 Cr (EBITDA margin 20.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avaada Ventures is 53% over three years and 85% over five years. In the latest year (FY 2023) revenue rose 91%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avaada Ventures is 27AAKCS9700L1ZU, registered in Maharashtra. The company has 9 GST registrations in all, of which 7 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAKCS9700L1ZW (Delhi), 09AAKCS9700L2ZR (Uttar Pradesh), 08AAKCS9700L1ZU (Rajasthan).
The CIN (Corporate Identification Number) of Avaada Ventures is U35106MH2007PTC318041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Ventures was incorporated on 27 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Avaada Ventures can be reached through the website avaadaenergy.com. Its registered office is in Mumbai, Maharashtra, India.