About Azure Clean Energy Private Limited
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Azure Clean Energy Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Azure Power India Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 04 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40105DL2012PTC236882. Its GSTIN is 08AAKCA9181H1ZA (Rajasthan). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹4.64 Lakh. It is led by directors Sanjeev Chhabra and Chandan Raina.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Dsc – 304 Second Floor, DLF South Court Saket District Centre, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.75 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹24.68 Cr (net margin 56.4%) and EBITDA of ₹38.33 Cr (EBITDA margin 87.6%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹221.95 Cr and satisfied charges of ₹659.69 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in March 2014. Its 6 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 2 smaller; the largest is Adani Renewable Energy Park Rajasthan Limited with revenue of ₹44.25 Cr. The company has 15 MSME Form 1 returns on record between 2020 and 2024, listing 35 overdue payments to 13 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website azurepower.com.
Company details
Contact details
Azure Clean Energy Private Limited's registered office is in New Delhi, Delhi. Its website is azurepower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDsc – 304 Second Floor, DLF South Court Saket District Centre, New Delhi, Delhi, India – 110017
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Azure Clean Energy 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
Azure Clean Energy operates one associated brand: Azure Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of independent power producer in the utility scale renewable energy | azurepower.com |
Business activity
The main business activity of Azure Clean 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 Azure Clean Energy Private Limited, buy the company report.
Financials of Azure Clean Energy Private Limited
FY 2025 filings availableAzure Clean Energy Private Limited reported revenue of ₹43.75 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 10% fall in the latest year. EBITDA fell 13% 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 | ₹38.33 Cr | ||||
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| Net Profit (PAT) | ₹24.68 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.6% | ||||
| Net Profit Margin | 56.4% | ||||
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To see the full financial statements and ratios of Azure Clean Energy Private Limited, buy the company report.
Board of directors of Azure Clean Energy Private Limited
Azure Clean Energy has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Chhabra Also directs: Azure Power Mars Private Limited, Azure Power Pluto Private Limited, Azure Power Fifty Two Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Chandan Raina Also directs: Azure Power Thirty Seven Private Limited, Azure Power Sixty One Private Limited, Azure Power Thirty Nine Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Azure Clean Energy Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Adani Renewable Energy Park Rajasthan Limited | ₹44.25 Cr (FY 2024) | 25.0% | Jaipur, Rajasthan, India | |||
| Sunroof Power Solution Private Limited | ₹44 Cr (FY 2025) | 9.0% | Noida, Uttar Pradesh, India | |||
| VSV Renewables Private Limited | ₹43.92 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| Fpel Ujwal Private Limited | ₹43.8 Cr (FY 2025) | 2917.0% | Hyderabad, Telangana, India | |||
| Azure Clean Energy Private Limitedthis company | ₹43.75 Cr (FY 2025) | ₹24.68 Cr | 56.4% | -10.0% | New Delhi, Delhi, India | |
| Rajkot (Gujarat) Solar Energy Private Limited | ₹43.16 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Renew Green (GJ Ten) Private Limited | ₹42.8 Cr (FY 2025) | 40.0% | Delhi, India |
To see the full peer comparison of Azure Clean Energy Private Limited, buy the company report.
Auditor
Azure Clean Energy Private Limited is audited by ASA & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASA & Associates LLP | FY 2023 | 009571N/N500006 |
Shareholding
The shareholding of Azure Clean Energy Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Azure Clean Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2018 | 100206643 | Others | ₹169.95 Cr | Open | |
| 04 Sep 2015 | 10591043 | Sbicap Trustee Company Limited | ₹52 Cr | Open | |
| 18 May 2020 | 100337460 | Others | ₹3.21 Cr | Satisfied | |
| 03 Sep 2019 | 100294479 | Others | ₹169 Cr | Satisfied | |
| 06 Sep 2018 | 100204926 | Others | ₹195 Cr | Satisfied |
To see the full charge records of Azure Clean Energy Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Azure Clean Energy Private Limited has 1 deal on record (1 acquisition); the latest was in March 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Acquisition | ₹65.8 Cr | Buyer: Azure Power India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Azure Clean Energy Private Limited has 2 court cases on record: 2 filed by Azure Clean Energy. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax, Circle-1(1), Delhi & Ors. | Pending |
| High Court of Delhi | Writ petition | Filed by the company against Deputy/ Assistant Commissioner of Income Tax & Ors. | Disposed |
To see the full case history of Azure Clean 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
Azure Clean Energy Private Limited has 15 MSME Form 1 returns on record between 2020 and 2024, listing 35 overdue payments to 13 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hach Ott India Private Limited | |||
| an individual supplier | |||
| Param Renewable Energy Private Limited | |||
| SRS Shield Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Azure Clean Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Clean Energy has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAKCA9181H1ZA | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Clean Energy Private Limited, buy the company report.
Recent activity
Azure Clean Energy Private Limited has 12 board changes on record since 2016: 2 appointments and 10 cessations. The latest: Chandan Raina ceased to be Additional Director on 28 Aug 2025.
19 earlier events are in the company report.
News
Frequently asked questions
Azure Clean Energy is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 04 June 2012 (14+ years old) and is registered under CIN U40105DL2012PTC236882.
Azure Clean Energy has 2 current directors:
- Sanjeev Chhabra - Director
- Chandan Raina - Director
The latest financial statements of Azure Clean Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Azure Clean Energy is 08AAKCA9181H1ZA, registered in Rajasthan. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Azure Clean Energy is U40105DL2012PTC236882. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Clean Energy has 2 court cases on record: 2 filed by the company. 1 is pending.
Azure Clean Energy was incorporated on 04 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Clean Energy has 1 deal on record (1 acquisition); the latest was in March 2014.
The peers of Azure Clean Energy by revenue are Adani Renewable Energy Park Rajasthan Limited, Sunroof Power Solution Private Limited, VSV Renewables Private Limited, Fpel Ujwal Private Limited, Rajkot (Gujarat) Solar Energy Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Chandan Raina ceased to be Additional Director on 28 Aug 2025. Sanjeev Chhabra ceased to be Additional Director on 28 Aug 2025. Chandan Raina was appointed as Director on 21 Jul 2025. Azure Clean Energy has 12 board changes on record in total.
Azure Clean Energy has 15 MSME Form 1 returns on record between 2020 and 2024, listing 35 overdue payments to 13 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Azure Clean Energy can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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