About Azure Power Mercury Private Limited
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Azure Power Mercury 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 10 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40100DL2014PTC273986. Its GSTIN is 21AANCA1442N1ZQ (Odisha). 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 ₹46.39 Lakh. It is led by directors Jigar Jajal and Vishal Jain.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Prius Platinum Unit No. 4 5th Floor Wing No B D3 P3B, District Centre, New Delhi, Delhi, India – 110017.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.49 Cr, a growth of 77% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Cr (net margin -36.9%) and EBITDA of ₹74.06 Lakh (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% 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 ₹6.31 Cr and satisfied charges of ₹266.5 Cr on record. The company has 1 deal on record (1 acquisition); the latest was in October 2016. Its 5 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 1 smaller; the largest is Poorva Solar Power Private Limited with revenue of ₹3.51 Cr. The company has 5 MSME Form 1 returns on record between 2020 and 2023, listing 11 overdue payments to 6 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 Mercury 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 AddressPrius Platinum Unit No. 4 5th Floor Wing No B D3 P3B, District Centre, New Delhi, Delhi, India – 110017
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Azure Power Mercury 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 Mercury 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 Mercury 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 Mercury Private Limited, buy the company report.
Financials of Azure Power Mercury Private Limited
FY 2025 filings availableAzure Power Mercury Private Limited reported revenue of ₹3.49 Cr (up 77% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 77% growth in the latest year. EBITDA fell 21% 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 | ₹74.06 Lakh | ||||
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| Net Profit (PAT) | -₹1.29 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 | 21.2% | ||||
| Net Profit Margin | -36.9% | ||||
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To see the full financial statements and ratios of Azure Power Mercury Private Limited, buy the company report.
Board of directors of Azure Power Mercury Private Limited
Azure Power Mercury has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigar Jajal | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
| Vishal Jain Also directs: Voltalia Energy Private Limited, Energywiz Private Limited, Radiance Ka Sunshine Six Private Limited and 5 more | Additional Director | 10 Nov 2025 | 1 Years 0 Months | Current |
Peer comparison
Azure Power Mercury Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Poorva Solar Power Private Limited | ₹3.51 Cr (FY 2025) | -8.0% | Hyderabad, Telangana, India | |||
| Akr Construction (Solar) Private Limited | ₹3.5 Cr (FY 2025) | 3.0% | Hyderabad, Telangana, India | |||
| Aditya Birla Renewables Utkal Limited | ₹3.49 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Bhagyanagar Green Energy Private Limited | ₹3.49 Cr (FY 2025) | -17.0% | Secunderabad, Telangana, India | |||
| Azure Power Mercury Private Limitedthis company | ₹3.49 Cr (FY 2025) | -₹1.29 Cr | -36.9% | 77.0% | New Delhi, Delhi, India | |
| Ganco Energy (India) Private Limited | ₹3.48 Cr (FY 2020) | -25.0% | Visakhapatnam, Andhra Pradesh, India |
To see the full peer comparison of Azure Power Mercury Private Limited, buy the company report.
Auditor
Azure Power Mercury Private Limited is audited by S.S. Kothari Mehta & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.S. Kothari Mehta & Company | FY 2023 | 000756N |
Shareholding
The shareholding of Azure Power Mercury 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 Power Mercury Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101080947 | Idbi Trusteeship Services Limited | ₹6.31 Cr | Open | |
| 27 Dec 2019 | 100322797 | Others | ₹50 Lakh | Satisfied | |
| 11 Jul 2018 | 100191828 | Others | ₹250 Cr | Satisfied | |
| 21 Nov 2017 | 100142736 | Others | ₹16 Cr | Satisfied |
To see the full charge records of Azure Power Mercury Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Azure Power Mercury Private Limited has 1 deal on record (1 acquisition); the latest was in October 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Acquisition | ₹2 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
No court or tribunal cases involving Azure Power Mercury Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Azure Power Mercury Private Limited has 5 MSME Form 1 returns on record between 2020 and 2023, listing 11 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mahindra Teqo Private Limited | |||
| Practus Professional Services Private Limited | |||
| Vivek K. Jain & Associates | |||
| Mynd Integrated Solutions Private Limited | |||
| Suryalogix Private Limited |
To see the full MSME payment records of Azure Power Mercury Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power Mercury has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AANCA1442N1ZQ | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power Mercury Private Limited, buy the company report.
Recent activity
Azure Power Mercury Private Limited has 20 board changes on record since 2019: 5 appointments and 15 cessations. The latest: Vishal Jain was appointed as Additional Director on 10 Nov 2025.
18 earlier events are in the company report.
News
Frequently asked questions
Azure Power Mercury 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 10 December 2014 (12+ years old) and is registered under CIN U40100DL2014PTC273986.
Azure Power Mercury has 2 current directors:
- Jigar Jajal - Director
- Vishal Jain - Additional Director
The latest financial statements of Azure Power Mercury on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Azure Power Mercury is 21AANCA1442N1ZQ, registered in Odisha. 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 Mercury is U40100DL2014PTC273986. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power Mercury was incorporated on 10 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power Mercury has 1 deal on record (1 acquisition); the latest was in October 2016.
The peers of Azure Power Mercury by revenue are Poorva Solar Power Private Limited, Akr Construction (Solar) Private Limited, Aditya Birla Renewables Utkal Limited, Bhagyanagar Green Energy Private Limited, Ganco Energy (India) Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Vishal Jain was appointed as Additional Director on 10 Nov 2025. Jigar Jajal ceased to be Additional Director on 27 Sep 2024. Mahesh Shivappa Arali ceased to be Additional Director on 27 Sep 2024. Azure Power Mercury has 20 board changes on record in total.
Azure Power Mercury has 5 MSME Form 1 returns on record between 2020 and 2023, listing 11 overdue payments to 6 micro and small suppliers. The latest return was filed on 31 Aug 2023.
Azure Power Mercury can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Azure Power Mercury is at Prius Platinum Unit No. 4 5th Floor Wing No B D3 P3B, District Centre, New Delhi, Delhi, India – 110017.
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