About Azure Power Mars Private Limited
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Azure Power Mars 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 09 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U35105DL2014PTC273939. Its GSTIN is 08AANCA1425H1ZS (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.46 Lakh. It is led by directors Sanjeev Chhabra and Manoj Kumar Sharma.
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 ₹5.84 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.59 Cr (net margin 44.3%) and EBITDA of ₹4.83 Cr (EBITDA margin 82.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹30.05 Cr and satisfied charges of ₹414.66 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in January 2015. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 6 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 Mars has one previous CIN (Corporate Identification Number): U40300DL2014PTC273939. The current CIN is U35105DL2014PTC273939, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105DL2014PTC273939 | Current |
| U40300DL2014PTC273939 | Previous |
Contact details
Azure Power Mars 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 Mars 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 Mars 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 Mars Private Limited, buy the company report.
Financials of Azure Power Mars Private Limited
FY 2025 filings availableAzure Power Mars Private Limited reported revenue of ₹5.84 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 4% fall in the latest year. EBITDA fell 5% 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 | ₹4.83 Cr | ||||
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| Net Profit (PAT) | ₹2.59 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 | 82.7% | ||||
| Net Profit Margin | 44.3% | ||||
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To see the full financial statements and ratios of Azure Power Mars Private Limited, buy the company report.
Board of directors of Azure Power Mars Private Limited
Azure Power Mars has 2 current directors and 12 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 Pluto Private Limited, Azure Power Fifty Two Private Limited, Azure Power Sixty Five Private Limited and 5 more | Additional Director | 22 Jul 2025 | 1 Years 3 Months | Current |
| Manoj Kumar Sharma Also directs: Azure Power Pluto Private Limited, Azure Power Sixty Five Private Limited, Azure Green Hydrogen Private Limited and 5 more | Additional Director | 22 Jul 2025 | 1 Years 3 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Sep 2018 | 100209513 | Others | ₹23.6 Cr | Open | |
| 14 Jun 2017 | 100123365 | Sbicap Trustee Company Limited | ₹6.45 Cr | Open | |
| 03 Sep 2019 | 100294489 | Others | ₹169 Cr | Satisfied | |
| 06 Sep 2018 | 100206358 | Others | ₹195 Cr | Satisfied | |
| 09 Nov 2015 | 10620824 | Others | ₹25.66 Cr | Satisfied |
To see the full charge records of Azure Power Mars Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Azure Power Mars Private Limited has 1 deal on record (1 acquisition); the latest was in January 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2015 | Acquisition | ₹11 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 Power Mars Private Limited has 1 court case on record: 1 filed by Azure Power Mars. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| 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 |
To see the full case history of Azure Power Mars 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 Mars Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 6 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 |
|---|---|---|---|
| JD Muntyaal Private Limited | |||
| Catalyst Trusteeship Limited | |||
| Spectrum Talent Management Limited | |||
| an individual supplier |
To see the full MSME payment records of Azure Power Mars Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power Mars has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AANCA1425H1ZS | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power Mars Private Limited, buy the company report.
Recent activity
Azure Power Mars Private Limited has 13 board changes on record since 2016: 2 appointments and 11 cessations. The latest: Manoj Kumar Sharma was appointed as Additional Director on 22 Jul 2025.
18 earlier events are in the company report.
News
Frequently asked questions
Azure Power Mars 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 09 December 2014 (12+ years old) and is registered under CIN U35105DL2014PTC273939.
Azure Power Mars has 2 current directors:
- Sanjeev Chhabra - Additional Director
- Manoj Kumar Sharma - Additional Director
The latest financial statements of Azure Power Mars 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 Mars is 08AANCA1425H1ZS, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Azure Power Mars is U35105DL2014PTC273939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power Mars has 1 court case on record: 1 filed by the company. 1 is pending.
Azure Power Mars was incorporated on 09 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power Mars has 1 deal on record (1 acquisition); the latest was in January 2015.
Manoj Kumar Sharma was appointed as Additional Director on 22 Jul 2025. Sanjeev Chhabra was appointed as Additional Director on 22 Jul 2025. Mahesh Shivappa Arali ceased to be Additional Director on 15 Sep 2024. Azure Power Mars has 13 board changes on record in total.
Azure Power Mars has 4 MSME Form 1 returns on record between 2022 and 2024, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Azure Power Mars can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.