About Azure Power Infrastructure Private Limited
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Azure Power Infrastructure 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 30 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40102DL2010PTC208927. Its GSTIN is 37AAICA9243N1Z3 (Andhra Pradesh). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹20.73 Lakh. It is led by directors Kapil Sharma and Kunal Jindal.
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 ₹38.8 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹9.14 Cr (net margin -23.6%) and EBITDA of ₹23.3 Cr (EBITDA margin 60.1%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 8% over five years.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹250.83 Cr and satisfied charges of ₹555 Cr on record. Court records list 20 cases involving the company, including 6 filed by the company and 14 filed against it; 9 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹100.19 Cr; the latest was in October 2017. Its 9 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 4 smaller; the largest is Clean Sustainable Solar Energy Private Limited with revenue of ₹39.13 Cr. The company has 11 MSME Form 1 returns on record between 2018 and 2024, listing 18 overdue payments to 9 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 Infrastructure 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 Infrastructure 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 Infrastructure 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 Power Infrastructure 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 Power Infrastructure Private Limited, buy the company report.
Financials of Azure Power Infrastructure Private Limited
FY 2025 filings availableAzure Power Infrastructure Private Limited reported revenue of ₹38.8 Cr (down 42% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 42% fall in the latest year. EBITDA fell 59% 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 | ₹23.3 Cr | ||||
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| Net Profit (PAT) | -₹9.14 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 | 60.1% | ||||
| Net Profit Margin | -23.6% | ||||
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To see the full financial statements and ratios of Azure Power Infrastructure Private Limited, buy the company report.
Board of directors of Azure Power Infrastructure Private Limited
Azure Power Infrastructure has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Sharma Also directs: Azure Urja Private Limited, Azure Power Rooftop (Genco.) Private Limited, Azure Power Jupiter Private Limited and 5 more | Director | 02 Aug 2022 | 4 Years 2 Months | Current |
| Kunal Jindal Also directs: Azure Power Maple Private Limited, Azure Power Thirty Three Private Limited, Azure Power Forty Three Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Azure Power Infrastructure Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Clean Sustainable Solar Energy Private Limited | ₹39.13 Cr (FY 2024) | 0.0% | Mumbai, Maharashtra, India | |||
| Nellai Renewables Private Limited | ₹39 Cr (FY 2025) | -8.0% | Delhi, India | |||
| Solarfield Energy Two Private Limited | ₹38.98 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Abrel Solar Power Limited | ₹38.92 Cr (FY 2025) | 39.0% | Mumbai, Maharashtra, India | |||
| Acme Raipur Solar Power Private Limited | ₹38.91 Cr (FY 2025) | 2.0% | Gurgaon, Haryana, India | |||
| Azure Power Infrastructure Private Limitedthis company | ₹38.8 Cr (FY 2025) | -₹9.14 Cr | -23.6% | -42.0% | New Delhi, Delhi, India | |
| Avaada Mhkhamgaon Private Limited | ₹38.6 Cr (FY 2025) | 5.0% | Noida, Uttar Pradesh, India | |||
| Amplus Energy Solutions Private Limited | ₹38.54 Cr (FY 2020) | New Delhi, Delhi, India | ||||
| First Energy 3 Private Limited | ₹38.51 Cr (FY 2025) | 29.0% | Pune, Maharashtra, India | |||
| Gale Solarfarms Limited | ₹38.34 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Azure Power Infrastructure Private Limited, buy the company report.
Auditor
Azure Power Infrastructure 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 Power Infrastructure 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) | |||||
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| Others |
To see the full shareholding pattern of Azure Power Infrastructure Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2017 | 100137272 | Others | ₹250.83 Cr | Open | |
| 01 Sep 2018 | 100204916 | Others | ₹195 Cr | Satisfied | |
| 21 Dec 2015 | 10609624 | Sbicap Trustee Company Limited | ₹260 Cr | Satisfied | |
| 24 Sep 2015 | 10596235 | Ifci Limited | ₹100 Cr | Satisfied |
To see the full charge records of Azure Power Infrastructure Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Azure Power Infrastructure Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹100.19 Cr; the latest was in October 2017.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Azure Power India Private Limited Seller: an individual |
| Sep 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Azure Power India Private Limited |
| Nov 2014 | Funding round | ₹100.19 Cr | Investors: Azure Power India Private Limited , Azure Urja Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Azure Power Infrastructure Private Limited has 20 court cases on record: 6 filed by Azure Power Infrastructure, 14 filed against it. 9 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 10 | 5 |
| High courts | 8 | 2 | 4 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 20)
To see the full case history of Azure Power Infrastructure 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 Infrastructure Private Limited was last rated by Icra on 31 May 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 31 May 2016 |
To see the full credit ratings and regulatory alerts of Azure Power Infrastructure Private Limited, buy the company report.
MSME payment delays
Azure Power Infrastructure Private Limited has 11 MSME Form 1 returns on record between 2018 and 2024, listing 18 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Catalyst Trusteeship Limited |
To see the full MSME payment records of Azure Power Infrastructure Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power Infrastructure has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAICA9243N1Z3 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power Infrastructure Private Limited, buy the company report.
Recent activity
Azure Power Infrastructure Private Limited has 11 board changes on record since 2017: 2 appointments and 9 cessations. The latest: Kunal Jindal was appointed as Director on 21 Jul 2025.
13 earlier events are in the company report.
News
Frequently asked questions
Azure Power Infrastructure 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 30 September 2010 (16+ years old) and is registered under CIN U40102DL2010PTC208927.
Azure Power Infrastructure has 2 current directors:
- Kapil Sharma - Director
- Kunal Jindal - Director
The latest financial statements of Azure Power Infrastructure 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 Power Infrastructure is 37AAICA9243N1Z3, registered in Andhra Pradesh. 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 Power Infrastructure is U40102DL2010PTC208927. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power Infrastructure has 20 court cases on record: 6 filed by the company and 14 filed against it. 9 are pending. Most are in the district courts.
Azure Power Infrastructure was incorporated on 30 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power Infrastructure has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹100.19 Cr; the latest was in October 2017.
The peers of Azure Power Infrastructure by revenue are Clean Sustainable Solar Energy Private Limited, Nellai Renewables Private Limited, Solarfield Energy Two Private Limited, Abrel Solar Power Limited, Acme Raipur Solar Power Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Kunal Jindal was appointed as Director on 21 Jul 2025. Vikrant Krishan Mahajan ceased to be Additional Director on 15 Sep 2024. Kapil Sharma ceased to be Additional Director on 24 Feb 2023. Azure Power Infrastructure has 11 board changes on record in total.
Azure Power Infrastructure has 11 MSME Form 1 returns on record between 2018 and 2024, listing 18 overdue payments to 9 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Azure Power Infrastructure can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.