MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-02-0067676
Awev Solutions Private Limited - automotive in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹118.01 Cr
▲ 39% YoY
Net profit · FY 2025
₹48.02 Lakh
Net margin 0.4%
EBITDA · FY 2025
₹5.28 Cr
EBITDA margin 4.5%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹6.35 Cr
Issued & subscribed
Open charges
₹54.2 Cr
Satisfied ₹32 Cr
Company age
8 yrs
Est. 2018
Employees · EPFO
34
Provident fund records
About Awev Solutions Private Limited
Data last updated:
Awev Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 07 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U35923TN2018PTC121193. Its GSTIN is 33AAQCA6005Q1ZB (Tamil Nadu).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹6.35 Cr. It is led by directors including Mookan Muthu Sivan and Karuppanan Chittaranjan.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹118.01 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹48.02 Lakh (net margin 0.4%) and EBITDA of ₹5.28 Cr (EBITDA margin 4.5%). Revenue has grown at a compounded annual rate (CAGR) of 274% over three years and 384% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: AWEV Solutions. As per MCA filings, the company has open charges of ₹54.2 Cr and satisfied charges of ₹32 Cr on record. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.19 Cr; the latest was in February 2022. Its 10 peer companies in the Automobiles industry (Electric and Bio Fuel Vehicles, Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Philiray Electronics Private Limited with revenue of ₹120.93 Cr.
Awev Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-02-0067676). For more details, the company can be reached via its website awevsolutions.com.
Company Details of Awev Solutions Private Limited
CIN U35923TN2018PTC121193
Registration Number 121193
Incorporation Date 07 March 2018
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
MSME Classification MSME
Udyam Registration UDYAM-TN-02-0067676
Key People
Mookan Muthu Sivan Director Karuppanan Chittaranjan Director John Ebenezer Mervyn William Director Recognitions & Rankings of Awev Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSkcl Central Square – 1 Ground Floor, C28 To C35 Thiru Via Ka Industrial Estate, Chennai, Tamil Nadu, India – 600032
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
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Associated Brands with Awev Solutions Private Limited
Awev Solutions operates one associated brand: AWEV Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers EV retrofit kits, lithium ion batteries, and dealership for sustainable mobility. | awevsolutions.com |
Business Activity of Awev Solutions Private Limited
The main business activity of Awev Solutions is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Awev Solutions Private Limited FY 2024 filings available
Awev Solutions Private Limited reported revenue of ₹118.01 Cr (up 39% YoY) for FY 2025.
Revenue · FY 2025
₹118.01 Cr ▲ 39%
Net profit · FY 2025
₹48.02 Lakh margin 0.4%
EBITDA · FY 2025
₹5.28 Cr margin 4.5%
Compounded Annual Growth Rate (CAGR) of Awev Solutions Private Limited
Revenue CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 274%
5 years · compounded
▲ 384%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 103%
5 years · compounded
▲ 100%
Revenue has grown at a compounded annual rate (CAGR) of 384% over five years, including 39% growth in the latest year. EBITDA rose 7% 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 Awev Solutions 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 | ₹5.28 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹48.02 Lakh | •••• | •••• | •••• | •••• |
| 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 Awev Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Awev Solutions are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
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Board of Directors of Awev Solutions Private Limited
Awev Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mookan Muthu Sivan Also directs: Revx Energy Private Limited, Risora Technologies Private Limited, Enervaa Technologies Private Limited and 5 more | Director | 07 Sep 2023 | 3 Years 1 Months | Current |
| Karuppanan Chittaranjan Also directs: Revx Energy Private Limited, Risora Technologies Private Limited, Enervaa Technologies Private Limited and 5 more | Director | 07 Sep 2023 | 3 Years 1 Months | Current |
| John Ebenezer Mervyn William Also directs: Revx Energy Private Limited | Director | 07 Mar 2018 | 8 Years 7 Months | Current |
Peer Comparison of Awev Solutions Private Limited
Awev Solutions Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles, Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Philiray Electronics Private Limited | ₹120.93 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Delhi, India |
| Indian Electrical and Electronics Manufacfturers Association | ₹120.67 Cr (FY 2025) | •••• | •••• | 320.0% | •••• | Mumbai, Maharashtra, India |
| G Nine Modular Private Limited | ₹119.71 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Vasai, Maharashtra, India |
| Bluebird Solar Private Limited | ₹118.65 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | New Delhi, Delhi, India |
| Hardarshan Precious Metals India Private Limited | ₹118.29 Cr (FY 2025) | •••• | •••• | 353106425.0% | •••• | Delhi, India |
| Awev Solutions Private Limited this company | ₹118.01 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Chennai, Tamil Nadu, India |
| Neokraft Global Private Limited | ₹117.99 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
| Aeroeagle Automobiles Private Limited | ₹117.75 Cr (FY 2025) | •••• | •••• | 668907.0% | •••• | Kalyan, Maharashtra, India |
| Exide Energy Private Limited | ₹117.33 Cr (FY 2023) | •••• | •••• | 240.0% | •••• | Kolkata, West Bengal, India |
| Acemetro Electronics India Private Limited | ₹117.19 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Chennai, Tamil Nadu, India |
| Panache Digilife Limited Listed | ₹116.82 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Bhiwandi, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Awev Solutions by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles, Electronic Appliances Manufacturing), 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 Awev Solutions Private Limited
Awev Solutions Private Limited is audited by ANNAMALAI ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANNAMALAI ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Awev Solutions Private Limited
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Charges & Borrowings of Awev Solutions Private Limited
Open charges
₹54.2 Cr
Satisfied charges
₹32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2025 | Others | ₹10 Cr | Open |
| 31 Jul 2024 | Others | ₹24 Cr | Open |
| 29 Jul 2022 | Others | ₹20 Cr | Open |
| 23 Mar 2022 | Others | ₹20 Lakh | Open |
| 04 Jun 2024 | Standard Chartered Bank | ₹15 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Awev Solutions Private Limited
Awev Solutions Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.19 Cr; the latest was in February 2022.
Total deals
2
Funding rounds
2
Disclosed funding
₹1.19 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹75 Lakh | Investors: an individual |
| Apr 2018 | Funding round | ₹43.9 Lakh | Investors: 2 individuals |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Awev Solutions Private Limited
Awev Solutions Private Limited has a workforce of 34 employees as of Apr 07, 2024.
Employee count
34
Active EPFO establishments
1
Employee growth
78.95%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Awev Solutions Private Limited
Awev Solutions Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Karuppanan Chittaranjan was appointed as Director on 07 Sep 2023.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101117821 was registered on 17 Jun 2025.
Charges
A charge registered on 04 Jun 2024 via Charge ID 100936018 with Standard Chartered Bank was fully satisfied on 29 Mar 2025.
Charges
A charge with Others of Rs. 24.00 Cr registered on 31 Jul 2024 with Charge ID 100965512 was modified on 07 Mar 2025.
Charges
A charge registered on 26 Oct 2022 via Charge ID 100627735 with Hdfc Bank Limited was fully satisfied on 23 Jan 2025.
AGM
Awev Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 24.00 Cr with Charge ID 100965512 was registered on 31 Jul 2024.
Charges
A charge with Standard Chartered Bank amounted to Rs. 15.00 Cr with Charge ID 100936018 was registered on 04 Jun 2024.
Filing
Awev Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Karuppanan Chittaranjan was appointed as Director.
Appointed
Mookan Muthu Sivan was appointed as Director.
Ceased
William Jayanthi ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 17.00 Cr with Charge ID 100627735 was registered on 26 Oct 2022.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Awev Solutions Private Limited
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MSME Payment Delays by Awev Solutions Private Limited
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Subsidiaries & Group Companies of Awev Solutions Private Limited
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GST Compliance of Awev Solutions Private Limited
Awev Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAQCA6005Q1ZB | Tamil Nadu | Active | 21 Apr 2018 |
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MCA Filings & Documents of Awev Solutions Private Limited
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Frequently Asked Questions about Awev Solutions Private Limited
Awev Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 07 March 2018 (8+ years old) and is registered under CIN U35923TN2018PTC121193.
Awev Solutions reported revenue of ₹118.01 Cr for FY 2025 (up 39% YoY).
Awev Solutions has 3 current directors:
- Mookan Muthu Sivan - Director
- Karuppanan Chittaranjan - Director
- John Ebenezer Mervyn William - Director
Awev Solutions reported a net profit of ₹48.02 Lakh (net margin 0.4%) and EBITDA of ₹5.28 Cr (EBITDA margin 4.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Awev Solutions is 274% over three years and 384% over five years. In the latest year (FY 2025) revenue rose 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Awev Solutions is 33AAQCA6005Q1ZB, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Awev Solutions is U35923TN2018PTC121193. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Awev Solutions was incorporated on 07 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Chennai.
Awev Solutions has 2 deals on record (2 funding rounds), with disclosed funding of ₹1.19 Cr; the latest was in February 2022.
The peers of Awev Solutions by revenue are Philiray Electronics Private Limited, Indian Electrical and Electronics Manufacfturers Association, G Nine Modular Private Limited, Bluebird Solar Private Limited, Hardarshan Precious Metals India Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles, Electronic Appliances Manufacturing).
Karuppanan Chittaranjan was appointed as Director on 07 Sep 2023. Mookan Muthu Sivan was appointed as Director on 07 Sep 2023. William Jayanthi ceased to be Director on 07 Sep 2023. Awev Solutions has 5 board changes on record in total.