About Azure Power ( Punjab ) Private Limited
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Azure Power ( Punjab ) 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 27 January 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2009PTC290476. Its GSTIN is 03AAHCA6101A1ZN (Punjab). 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 ₹12.65 Lakh. It is led by directors Sanjeev Chhabra and Vikrant Krishan Mahajan.
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 ₹7.69 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹3.16 Cr (net margin 41.1%) and EBITDA of ₹6.35 Cr (EBITDA margin 82.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% 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 ₹17.4 Cr and satisfied charges of ₹394.96 Cr on record. The company has 4 deals on record (3 funding rounds, 1 debt financing), with disclosed funding of ₹33.08 Cr; the latest was in August 2021. 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, 2 larger and 3 smaller; the largest is Capsol Energy Private Limited with revenue of ₹7.76 Cr. The company has 9 MSME Form 1 returns on record between 2022 and 2024, listing 13 overdue payments to 5 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 ( Punjab ) has one previous CIN (Corporate Identification Number): U40106PB2009PTC032559. The current CIN is U40106DL2009PTC290476, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106DL2009PTC290476 | Current |
| U40106PB2009PTC032559 | Previous |
Contact details
Azure Power ( Punjab ) 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 ( Punjab ) 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 ( Punjab ) 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 ( Punjab ) 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 ( Punjab ) Private Limited, buy the company report.
Financials of Azure Power ( Punjab ) Private Limited
FY 2025 filings availableAzure Power ( Punjab ) Private Limited reported revenue of ₹7.69 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 15% growth in the latest year. EBITDA rose 26% 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 | ₹6.35 Cr | ||||
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| Net Profit (PAT) | ₹3.16 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 | 82.5% | ||||
| Net Profit Margin | 41.1% | ||||
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To see the full financial statements and ratios of Azure Power ( Punjab ) Private Limited, buy the company report.
Board of directors of Azure Power ( Punjab ) Private Limited
Azure Power ( Punjab ) has 2 current directors and 11 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 Mars Private Limited, Azure Power Pluto Private Limited, Azure Power Fifty Two Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Vikrant Krishan Mahajan Also directs: Azure Power ( Haryana ) Private Limited, Azure Power (Karnataka) Private Limited, Azure Green Tech Private Limited and 5 more | Director | 09 Aug 2024 | 2 Years 3 Months | Current |
Peer comparison
Azure Power ( Punjab ) 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 |
|---|---|---|---|---|---|---|
| Capsol Energy Private Limited | ₹7.76 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Sungold Energy Private Limited | ₹7.7 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Azure Power ( Punjab ) Private Limitedthis company | ₹7.69 Cr (FY 2025) | ₹3.16 Cr | 41.1% | 15.0% | New Delhi, Delhi, India | |
| RMS Solar Power Private Limited | ₹7.68 Cr (FY 2017) | 458.0% | Bangalore, Karnataka, India | |||
| Arkha Solar Power Private Limited | ₹7.67 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Ahil Green Energie Private Limited | ₹7.63 Cr (FY 2025) | -6.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Azure Power ( Punjab ) Private Limited, buy the company report.
Auditor
Azure Power ( Punjab ) 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 ( Punjab ) 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 ( Punjab ) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Nov 2017 | 100142299 | Others | ₹17.4 Cr | Open | |
| 03 Sep 2019 | 100294565 | Others | ₹169 Cr | Satisfied | |
| 01 Sep 2018 | 100204801 | Others | ₹195 Cr | Satisfied | |
| 29 Apr 2009 | 10162745 | Overseas Private Investment Corporation | ₹30.96 Cr | Satisfied |
To see the full charge records of Azure Power ( Punjab ) Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Azure Power ( Punjab ) Private Limited has 4 deals on record (3 funding rounds, 1 debt financing), with disclosed funding of ₹33.08 Cr; the latest was in August 2021.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Debt financing | ₹15 Cr | Investors: Azure Power Energy Limited |
| Mar 2012 | Funding round | ₹3.52 Cr | Investors: Azure Power India Private Limited |
| Mar 2010 | Funding round | ₹6.2 Cr | Investors: Azure Power India Private Limited |
| Dec 2009 | Funding round | ₹8.36 Cr | Investors: 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 ( Punjab ) 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 ( Punjab ) Private Limited has 9 MSME Form 1 returns on record between 2022 and 2024, listing 13 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Param Renewable Energy Private Limited | |||
| Catalyst Trusteeship Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Azure Power ( Punjab ) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power ( Punjab ) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAHCA6101A1ZN | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power ( Punjab ) Private Limited, buy the company report.
Recent activity
Azure Power ( Punjab ) Private Limited has 13 board changes on record since 2010: 2 appointments and 11 cessations. The latest: Sanjeev Chhabra ceased to be Additional Director on 28 Aug 2025.
14 earlier events are in the company report.
News
Frequently asked questions
Azure Power ( Punjab ) 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 27 January 2009 (17+ years old) and is registered under CIN U40106DL2009PTC290476.
Azure Power ( Punjab ) has 2 current directors:
- Sanjeev Chhabra - Director
- Vikrant Krishan Mahajan - Director
The latest financial statements of Azure Power ( Punjab ) 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 ( Punjab ) is 03AAHCA6101A1ZN, registered in Punjab. 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 ( Punjab ) is U40106DL2009PTC290476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power ( Punjab ) was incorporated on 27 January 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power ( Punjab ) has 4 deals on record (3 funding rounds, 1 debt financing), with disclosed funding of ₹33.08 Cr; the latest was in August 2021.
The peers of Azure Power ( Punjab ) by revenue are Capsol Energy Private Limited, Sungold Energy Private Limited, RMS Solar Power Private Limited, Arkha Solar Power Private Limited, Ahil Green Energie Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sanjeev Chhabra ceased to be Additional Director on 28 Aug 2025. Sanjeev Chhabra was appointed as Director on 21 Jul 2025. Vikrant Krishan Mahajan ceased to be Additional Director on 15 Sep 2024. Azure Power ( Punjab ) has 13 board changes on record in total.
Azure Power ( Punjab ) has 9 MSME Form 1 returns on record between 2022 and 2024, listing 13 overdue payments to 5 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Azure Power ( Punjab ) can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Azure Power ( Punjab ) is at Dsc – 304 Second Floor, DLF South Court Saket District Centre, New Delhi, Delhi, India – 110017.
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