About Azure Power India Private Limited
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Azure Power India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Azure Power Global Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 February 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2008PTC174774. Its GSTIN is 07AAHCA0923G1Z1 (Delhi). The company holds 13 GST registrations, of which 12 are active.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹6.92 Cr. It is led by directors including Sunil Kumar Gupta (Managing Director) and Richard Payette.
Its last annual general meeting (AGM) was held on 30 September 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 ₹2,396.9 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹174.38 Cr (net margin 7.3%) and EBITDA of ₹1,799.6 Cr (EBITDA margin 75.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 12% over five years.
The company has about 355 employees on its provident fund (EPFO) records. Its group structure includes 50 subsidiaries.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹28,903 Cr and satisfied charges of ₹29,765 Cr on record. Court records list 37 cases involving the company, including 23 filed by the company and 14 filed against it; 15 cases are pending. The company has 20 deals on record (15 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹4,122.19 Cr; the latest was in February 2022. The company has 37 MSME Form 1 returns on record between 2016 and 2023, listing 582 overdue payments to 65 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 Power India 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 Power India 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 Power India 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 activities of Azure Power India are electricity, gas, steam and air condition supply and professional, scientific and technical. In detail, this covers electric power generation, transmission and distribution and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| 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 | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Azure Power India Private Limited, buy the company report.
Financials of Azure Power India Private Limited
FY 2025 filings availableAzure Power India Private Limited reported revenue of ₹2,396.9 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 2% growth in the latest year. EBITDA rose 6% 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 | ₹1,799.6 Cr | ||||
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| Net Profit (PAT) | ₹174.38 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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| EBITDA Margin | 75.1% | ||||
| Net Profit Margin | 7.3% | ||||
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To see the full financial statements and ratios of Azure Power India Private Limited, buy the company report.
Board of directors of Azure Power India Private Limited
Azure Power India has 7 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brijesh Mehra | Nominee Director | 08 May 2024 | 2 Years 5 Months | Current |
| Philippe Pierre Wind Also directs: Apraava Energy Private Limited | Nominee Director | 31 Oct 2023 | 3 Years 0 Months | Current |
| Sunil Kumar Gupta | Managing Director | 08 Aug 2023 | 3 Years 2 Months | Current |
| Richard Payette | Director | 01 Jul 2023 | 3 Years 4 Months | Current |
| Julian Suresh Paul Gratiaen Also directs: Anchorage Infrastructure Investments Holdings Limited | Nominee Director | 13 Aug 2024 | 2 Years 2 Months | Current |
| Pratibha Bajaj | Nominee Director | 30 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Azure Power India Private Limited is audited by MSKA & Associates for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2021 | 105047W |
Shareholding
The shareholding of Azure Power India Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Azure Power India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Dec 2025 | 101206229 | The Hongkong and Shanghai Banking Corporation Limited | ₹52.5 Cr | Open | |
| 04 Dec 2025 | 101206224 | The Hongkong and Shanghai Banking Corporation Limited | ₹40.5 Cr | Open | |
| 13 Nov 2025 | 101196745 | The Hongkong and Shanghai Banking Corporation Limited | ₹34 Cr | Open | |
| 29 Oct 2025 | 101190048 | The Hongkong and Shanghai Banking Corporation Limited | ₹270.73 Cr | Open | |
| 12 Sep 2025 | 101161785 | Others | ₹484.05 Cr | Open |
To see the full charge records of Azure Power India Private Limited, buy the company report.
Total charge records: 113 View all charges
Deals & funding
Azure Power India Private Limited has 20 deals on record (15 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹4,122.19 Cr; the latest was in February 2022.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Funding round | ₹1,779.25 Cr | Investors: Azure Power Global Limited |
| Dec 2019 | Funding round | ₹541.36 Cr | Investors: Azure Power Global Limited |
| Oct 2018 | Rights issue | ₹1,002.2 Cr | Investors: Azure Power Global Limited |
| Oct 2016 | Funding round · Series J | ₹666.48 Cr | Investors: Azure Power Global Limited |
| Oct 2016 | Funding round · Series I | ₹165.92 Cr | Investors: Azure Power Global Limited |
To see the full deal history of Azure Power India 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
Azure Power India Private Limited has 37 court cases on record: 23 filed by Azure Power India, 14 filed against it. 15 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 29 | 7 | 12 |
| District courts | 6 | 5 | 1 |
| Supreme Court | 2 | 2 | 2 |
Cases on record (5 of 37)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by FS India Solar Ventures Private Limited | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Solar Energy Corporation of India Limited and 6 others | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited Through Deputy Engineer Sardar Patel, Vidut Bhavan, Race Course, Vadodadra , District: Vadodara ,Vadodara , Gujarat | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Siemens Gamesa Renewable Power Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Azure Power (Raj) Private Limited | Disposed |
To see the full case history of Azure Power India 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.
Credit ratings & regulatory alerts
Azure Power India Private Limited was last rated by Care on 07 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2022 |
To see the full credit ratings and regulatory alerts of Azure Power India Private Limited, buy the company report.
MSME payment delays
Azure Power India Private Limited has 37 MSME Form 1 returns on record between 2016 and 2023, listing 582 overdue payments to 65 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 65)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Consolidated Cargo & Transport Serv | |||
| Photourja Private Limited | |||
| Aarvi Encon Limited | |||
| Cnergyis Infotech India Private Limited | |||
| DNV Business Assurance India Private Limited |
To see the full MSME payment records of Azure Power India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Azure Power India has 50 subsidiary companies and 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Azure Power Mercury Private Limited | U40100DL2014PTC273986 | |
| Azure Power Forty Three Private Limited | U40100DL2017PTC310862 | |
| Azure Power Fifty Two Private Limited | U40100DL2020PTC360279 | |
| Azure Power (Rajasthan) Private Limited | U40101DL2010PTC204588 | |
| Azure Sun Energy Private Limited | U40101DL2010PTC209417 | |
| Azure Power Thirty Nine Private Limited | U40101DL2016PTC301060 |
To see the full group structure of Azure Power India Private Limited, buy the company report.
Employees & EPFO
Azure Power India Private Limited has a workforce of 355 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Azure Power India has 13 GST registrations: 12 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCA0923G1Z1 | Delhi | Active | 01 Jul 2017 |
| 03AAHCA0923G1Z9 | Punjab | Active | 01 Jul 2017 |
| 08AAHCA0923G1ZZ | Rajasthan | Active | 01 Jul 2017 |
| 09AAHCA0923G1ZX | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power India Private Limited, buy the company report.
Recent activity
Azure Power India Private Limited has 36 board changes on record since 2013: 9 appointments and 27 cessations. The latest: Jaime Garcia Nieto ceased to be Nominee Director on 18 Apr 2025.
259 earlier events are in the company report.
News
Frequently asked questions
Azure Power India 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 29 February 2008 (18+ years old) and is registered under CIN U40106DL2008PTC174774.
Azure Power India has 7 current directors:
- Sunil Kumar Gupta - Managing Director
- Brijesh Mehra - Nominee Director
- Philippe Pierre Wind - Nominee Director
- Richard Payette - Director
- Julian Suresh Paul Gratiaen - Nominee Director
- Pratibha Bajaj - Nominee Director
- Jean Francois Joseph Boisvenu - Director
The latest financial statements of Azure Power India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Azure Power India is 07AAHCA0923G1Z1, registered in Delhi. The company has 13 GST registrations in all, of which 12 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAHCA0923G1Z9 (Punjab), 08AAHCA0923G1ZZ (Rajasthan), 09AAHCA0923G1ZX (Uttar Pradesh).
The CIN (Corporate Identification Number) of Azure Power India is U40106DL2008PTC174774. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power India has 37 court cases on record: 23 filed by the company and 14 filed against it. 15 are pending. Most are in the high courts.
Azure Power India was incorporated on 29 February 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power India has 20 deals on record (15 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹4,122.19 Cr; the latest was in February 2022.
Jaime Garcia Nieto ceased to be Nominee Director on 18 Apr 2025. Pratibha Bajaj was appointed as Nominee Director on 30 Oct 2024. Delphine Voeltzel ceased to be Nominee Director on 13 Aug 2024. Azure Power India has 36 board changes on record in total.
Azure Power India has 37 MSME Form 1 returns on record between 2016 and 2023, listing 582 overdue payments to 65 micro and small suppliers. The latest return was filed on 28 Apr 2023.
Azure Power India can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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