About Azure Power (Raj.) Private Limited
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Azure Power (Raj.) 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 electric power generation segment of the energy sector. It was incorporated on 13 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2010PTC207053. Its GSTIN is 29AAICA7856P1ZP (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹41.77 Lakh. It is led by directors Kunal Jindal and Sanjeev Kumar.
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 ₹52.19 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹30.01 Cr (net margin 57.5%) and EBITDA of ₹47.78 Cr (EBITDA margin 91.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 2% over five years.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹177.4 Cr and satisfied charges of ₹772.66 Cr on record. Court records list 17 cases involving the company, including 12 filed by the company and 5 filed against it; 1 case is pending. The company has 3 deals on record (2 acquisitions, 1 funding round), with disclosed funding of ₹18.15 Cr; the latest was in December 2018. 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, 3 larger and 2 smaller; the largest is Athena Karnal Solar Power Private Limited with revenue of ₹53.18 Cr.
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 (Raj.) Private Limited's registered office is in New Delhi, Delhi. Its website is azurepower.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressDsc – 304 Second Floor, DLF South Court Saket District Centre, New Delhi, Delhi, India – 110017
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Azure Power (Raj.) 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 (Raj.) 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 (Raj.) 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 (Raj.) Private Limited, buy the company report.
Financials of Azure Power (Raj.) Private Limited
FY 2025 filings availableAzure Power (Raj.) Private Limited reported revenue of ₹52.19 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 15% 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 | ₹47.78 Cr | ||||
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| Net Profit (PAT) | ₹30.01 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 | 91.6% | ||||
| Net Profit Margin | 57.5% | ||||
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To see the full financial statements and ratios of Azure Power (Raj.) Private Limited, buy the company report.
Board of directors of Azure Power (Raj.) Private Limited
Azure Power (Raj.) has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kunal Jindal | Additional Director | 26 Sep 2025 | 1 Years 1 Months | Current |
| Sanjeev Kumar Also directs: Azure Power Sixty One Private Limited, Azure Solar Private Limited, Azure Power Rooftop Three Private Limited and 5 more | Additional Director | 25 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Azure Power (Raj.) 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 |
|---|---|---|---|---|---|---|
| Athena Karnal Solar Power Private Limited | ₹53.18 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Neo Solren Private Limited | ₹52.36 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Avaada Mhgreen Private Limited | ₹52.25 Cr (FY 2025) | Noida, Uttar Pradesh, India | ||||
| Azure Power (Raj.) Private Limitedthis company | ₹52.19 Cr (FY 2025) | ₹30.01 Cr | 57.5% | -14.0% | New Delhi, Delhi, India | |
| Sunshakti Solar Power Projects Private Limited | ₹52.17 Cr (FY 2025) | 1.0% | Ahmedabad, Gujarat, India | |||
| Athena Hisar Solar Power Private Limited | ₹52.09 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Azure Power (Raj.) Private Limited, buy the company report.
Auditor
Azure Power (Raj.) Private Limited is audited by S.R. BATLIBOI & CO. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. BATLIBOI & CO. LLP | FY 2021 | 301003E/E300005 |
Shareholding
The shareholding of Azure Power (Raj.) Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Azure Power (Raj.) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Nov 2021 | 100529135 | Others | ₹41 Cr | Open | |
| 04 Nov 2017 | 100137274 | Others | ₹136.4 Cr | Open | |
| 18 May 2020 | 100337463 | Others | ₹6.86 Cr | Satisfied | |
| 03 Sep 2019 | 100294567 | Others | ₹169 Cr | Satisfied | |
| 01 Sep 2018 | 100204911 | Others | ₹195 Cr | Satisfied |
To see the full charge records of Azure Power (Raj.) Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Azure Power (Raj.) Private Limited has 3 deals on record (2 acquisitions, 1 funding round), with disclosed funding of ₹18.15 Cr; the latest was in December 2018.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Funding round | ₹18.15 Cr | Investors: Azure Power India Private Limited |
| Apr 2015 | Acquisition | ₹72.98 Cr | Buyer: Azure Power India Private Limited |
| Mar 2014 | Acquisition | ₹1 Lakh | 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 (Raj.) Private Limited has 17 court cases on record: 12 filed by Azure Power (Raj.), 5 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 5 | 0 |
| High courts | 6 | 0 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Azure Power India Private Limited and 1 other | Disposed |
| High Court | Writ petition | Filed by the company against State of Raj. and Ors. | Pending |
| District court, CHITRADURGA, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, CHITRADURGA, Karnataka | Criminal miscellaneous application | Filed by the company against State by Abbinahole PS | Disposed |
| District court, CHITRADURGA, Karnataka | Criminal miscellaneous application | Filed by the company against State by Hiriyur Rural PS | Disposed |
To see the full case history of Azure Power (Raj.) 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
No delayed payments to MSME suppliers are on our record for Azure Power (Raj.) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Azure Power (Raj.) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICA7856P1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power (Raj.) Private Limited, buy the company report.
Recent activity
Azure Power (Raj.) Private Limited has 15 board changes on record since 2016: 4 appointments and 11 cessations. The latest: Sanjeev Kumar was appointed as Additional Director on 25 Nov 2025.
21 earlier events are in the company report.
News
Frequently asked questions
Azure Power (Raj.) is an active private limited company based in New Delhi, Delhi, India. The company works in electric power generation, within the energy industry. It was incorporated on 13 August 2010 (16+ years old) and is registered under CIN U40106DL2010PTC207053.
Azure Power (Raj.) has 2 current directors:
- Kunal Jindal - Additional Director
- Sanjeev Kumar - Additional Director
The latest financial statements of Azure Power (Raj.) 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 (Raj.) is 29AAICA7856P1ZP, registered in Karnataka. 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 (Raj.) is U40106DL2010PTC207053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power (Raj.) has 17 court cases on record: 12 filed by the company and 5 filed against it. 1 is pending. Most are in the district courts.
Azure Power (Raj.) was incorporated on 13 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power (Raj.) has 3 deals on record (2 acquisitions, 1 funding round), with disclosed funding of ₹18.15 Cr; the latest was in December 2018.
The peers of Azure Power (Raj.) by revenue are Athena Karnal Solar Power Private Limited, Neo Solren Private Limited, Avaada Mhgreen Private Limited, Sunshakti Solar Power Projects Private Limited, Athena Hisar Solar Power Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sanjeev Kumar was appointed as Additional Director on 25 Nov 2025. Kunal Jindal was appointed as Additional Director on 26 Sep 2025. Sonia Varma ceased to be Director on 22 Jul 2025. Azure Power (Raj.) has 15 board changes on record in total.
Azure Power (Raj.) can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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