About Azure Power (Karnataka) Private Limited
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Azure Power (Karnataka) 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 12 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U35105DL2010PTC291031. Its GSTIN is 29AAICA4851E1ZN (Karnataka). 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 ₹6.42 Lakh. It is led by directors Vikrant Krishan Mahajan and Sachin Bali.
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 ₹16.43 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹7.7 Cr (net margin 46.9%) and EBITDA of ₹14.82 Cr (EBITDA margin 90.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹74.8 Cr and satisfied charges of ₹460.71 Cr on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 1 deal on record (1 funding round), with disclosed funding of ₹19.5 Cr; the latest was in May 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 Akhilagya Solar Energy Private Limited with revenue of ₹16.63 Cr. The company has 4 MSME Form 1 returns on record between 2016 and 2024, listing 4 overdue payments to 4 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
CIN history
Azure Power (Karnataka) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35105DL2010PTC291031, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105DL2010PTC291031 | Current |
| U40107DL2010PTC291031 | Previous |
| U40107KA2010PTC053596 | Previous |
Contact details
Azure Power (Karnataka) Private Limited's registered office is in New Delhi, Delhi.
- Social Media
- Registered AddressDsc – 304 Second Floor, DLF South Court Saket District Centre, New Delhi, Delhi, India – 110017
- IndustryEnvironment, Solar Energy Solutions
- 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 (Karnataka) 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 (Karnataka) 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 (Karnataka) Private Limited, buy the company report.
Financials of Azure Power (Karnataka) Private Limited
FY 2025 filings availableAzure Power (Karnataka) Private Limited reported revenue of ₹16.43 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 5% growth in the latest year. EBITDA rose 3% 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 | ₹14.82 Cr | ||||
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| Net Profit (PAT) | ₹7.7 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 | 90.2% | ||||
| Net Profit Margin | 46.9% | ||||
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To see the full financial statements and ratios of Azure Power (Karnataka) Private Limited, buy the company report.
Board of directors of Azure Power (Karnataka) Private Limited
Azure Power (Karnataka) 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 |
|---|---|---|---|---|
| Vikrant Krishan Mahajan Also directs: Azure Power ( Haryana ) Private Limited, Azure Green Tech Private Limited, Azure Energy Transition Private Limited and 5 more | Director | 09 Aug 2024 | 2 Years 3 Months | Current |
| Sachin Bali Also directs: Azure Green Tech Private Limited, Azure Energy Transition Private Limited, Azure Green Hydrogen Private Limited and 5 more | Additional Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Azure Power (Karnataka) 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 |
|---|---|---|---|---|---|---|
| Akhilagya Solar Energy Private Limited | ₹16.63 Cr (FY 2025) | -23.0% | New Delhi, Delhi, India | |||
| Sun N Wind Infraenergy Private Limited | ₹16.6 Cr (FY 2025) | 2.0% | Mahroni, Uttar Pradesh, India | |||
| KN Bijapura Solar Energy Private Limited | ₹16.48 Cr (FY 2023) | 1.0% | Ahmedabad, Gujarat, India | |||
| Ampin Evolution Private Limited | ₹16.44 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Azure Power (Karnataka) Private Limitedthis company | ₹16.43 Cr (FY 2025) | ₹7.7 Cr | 46.9% | 5.0% | New Delhi, Delhi, India | |
| Fpel Evergreen Energy Private Limited | ₹16.38 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India | |||
| Bhanuenergy Infrastructure & Power Limited | ₹16.37 Cr (FY 2025) | 5.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Azure Power (Karnataka) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2021 | 100528166 | Others | ₹25 Cr | Open | |
| 04 Nov 2017 | 100137106 | Others | ₹49.8 Cr | Open | |
| 18 May 2020 | 100337461 | Others | ₹3.21 Cr | Satisfied | |
| 03 Sep 2019 | 100294486 | Others | ₹169 Cr | Satisfied | |
| 01 Sep 2018 | 100204904 | Others | ₹195 Cr | Satisfied |
To see the full charge records of Azure Power (Karnataka) Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Azure Power (Karnataka) Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹19.5 Cr; the latest was in May 2014.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2014 | Funding round | ₹19.5 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 (Karnataka) Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by M/S Suraksha Realty Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Suraksha Realty Limited | Disposed |
| District court, CHITRADURGA, Karnataka | Criminal complaint | Filed against the company by Government of India, National Statistical Office, | Disposed |
To see the full case history of Azure Power (Karnataka) 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 Power (Karnataka) Private Limited has 4 MSME Form 1 returns on record between 2016 and 2024, listing 4 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hach Ott India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Azure Power (Karnataka) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power (Karnataka) has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICA4851E1ZN | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power (Karnataka) Private Limited, buy the company report.
Recent activity
Azure Power (Karnataka) Private Limited has 11 board changes on record since 2016: 2 appointments and 9 cessations. The latest: Sachin Bali was appointed as Additional Director on 21 Jul 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Azure Power (Karnataka) 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 12 May 2010 (16+ years old) and is registered under CIN U35105DL2010PTC291031.
Azure Power (Karnataka) has 2 current directors:
- Vikrant Krishan Mahajan - Director
- Sachin Bali - Additional Director
The latest financial statements of Azure Power (Karnataka) 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 (Karnataka) is 29AAICA4851E1ZN, registered in Karnataka. 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 (Karnataka) is U35105DL2010PTC291031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power (Karnataka) has 3 court cases on record: 3 filed against it. Most are in the high courts.
Azure Power (Karnataka) was incorporated on 12 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power (Karnataka) has 1 deal on record (1 funding round), with disclosed funding of ₹19.5 Cr; the latest was in May 2014.
The peers of Azure Power (Karnataka) by revenue are Akhilagya Solar Energy Private Limited, Sun N Wind Infraenergy Private Limited, KN Bijapura Solar Energy Private Limited, Ampin Evolution Private Limited, Fpel Evergreen 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).
Sachin Bali was appointed as Additional Director on 21 Jul 2025. Vikrant Krishan Mahajan ceased to be Additional Director on 15 Sep 2024. Vikrant Krishan Mahajan was appointed as Director on 09 Aug 2024. Azure Power (Karnataka) has 11 board changes on record in total.
Azure Power (Karnataka) has 4 MSME Form 1 returns on record between 2016 and 2024, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Azure Power (Karnataka) can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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