About Azure Power (Rajasthan) Private Limited
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Azure Power (Rajasthan) 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 24 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40101DL2010PTC204588. Its GSTIN is 08AAICA6312L1ZK (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹9.89 Lakh. It is led by directors Sankalp Kant and Sachin Bali.
Its last annual general meeting (AGM) was held on 25 September 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 ₹9.58 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.72 Lakh (net margin 0.2%) and EBITDA of ₹8.35 Cr (EBITDA margin 87.2%). Revenue has declined at a compounded annual rate (CAGR) of 1% 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 ₹45.12 Cr and satisfied charges of ₹127.28 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹3.82 Cr; the latest was in March 2013. 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 Alpur Solar Private Limited with revenue of ₹9.74 Cr. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 2 overdue payments to 2 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 (Rajasthan) 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 (Rajasthan) 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 (Rajasthan) 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 (Rajasthan) 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 (Rajasthan) Private Limited, buy the company report.
Financials of Azure Power (Rajasthan) Private Limited
FY 2025 filings availableAzure Power (Rajasthan) Private Limited reported revenue of ₹9.58 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 6% fall in the latest year. EBITDA fell 9% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹9.58 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹8.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.72 Lakh | ||||
| Balance Sheet | |||||
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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 | 87.2% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Azure Power (Rajasthan) Private Limited, buy the company report.
Board of directors of Azure Power (Rajasthan) Private Limited
Azure Power (Rajasthan) has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sankalp Kant Also directs: Azure Power Eris Private Limited, Azure Power Sixty Private Limited, Azure Power Sixty Two Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Sachin Bali Also directs: Azure Power Sixty Two Private Limited, Azure Green Hydrogen Private Limited, Azure Power (Karnataka) Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Azure Power (Rajasthan) 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 |
|---|---|---|---|---|---|---|
| Alpur Solar Private Limited | ₹9.74 Cr (FY 2025) | 134.0% | New Delhi, Delhi, India | |||
| Solarcraft Kudligi Private Limited | ₹9.73 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| JK Petroenergy Private Limited | ₹9.68 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Azure Power (Rajasthan) Private Limitedthis company | ₹9.58 Cr (FY 2025) | ₹1.72 Lakh | 0.2% | -6.0% | New Delhi, Delhi, India | |
| Dante Energy Private Limited | ₹9.57 Cr (FY 2024) | 187.0% | Mumbai, Maharashtra, India | |||
| Swelect Green Energy Solutions Private Limited | ₹9.53 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Azure Power (Rajasthan) Private Limited, buy the company report.
Auditor
Azure Power (Rajasthan) Private Limited is audited by SR BATLIBOI & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SR BATLIBOI & CO LLP | FY 2016 | 301003E |
Shareholding
The shareholding of Azure Power (Rajasthan) Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Azure Power (Rajasthan) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Aug 2021 | 100471564 | Others | ₹45.12 Cr | Open | |
| 26 Dec 2019 | 100313702 | Others | ₹49 Cr | Satisfied | |
| 14 Sep 2011 | 10308252 | Export-Import Bank of United States of America | ₹78.28 Cr | Satisfied |
To see the full charge records of Azure Power (Rajasthan) Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Azure Power (Rajasthan) Private Limited has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹3.82 Cr; the latest was in March 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹3.82 Cr | Investors: Azure Power India Private Limited |
| Jan 2011 | Acquisition | ₹22.08 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 (Rajasthan) Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Jaipur Vidyut Vitran Nigam Limited | Pending |
To see the full case history of Azure Power (Rajasthan) 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.
Credit ratings & regulatory alerts
Azure Power (Rajasthan) Private Limited was last rated by Care on 31 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Aug 2021 |
To see the full credit ratings and regulatory alerts of Azure Power (Rajasthan) Private Limited, buy the company report.
MSME payment delays
Azure Power (Rajasthan) Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Integrated Wireless Solutions Private Limited | |||
| Spectrum Talent Management Limited |
To see the full MSME payment records of Azure Power (Rajasthan) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power (Rajasthan) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAICA6312L1ZK | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power (Rajasthan) Private Limited, buy the company report.
Recent activity
Azure Power (Rajasthan) Private Limited has 12 board changes on record since 2016: 2 appointments and 10 cessations. The latest: Sachin Bali was appointed as Director on 21 Jul 2025.
11 earlier events are in the company report.
News
Frequently asked questions
Azure Power (Rajasthan) 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 24 June 2010 (16+ years old) and is registered under CIN U40101DL2010PTC204588.
Azure Power (Rajasthan) has 2 current directors:
- Sankalp Kant - Director
- Sachin Bali - Director
The latest financial statements of Azure Power (Rajasthan) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Azure Power (Rajasthan) is 08AAICA6312L1ZK, 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 (Rajasthan) is U40101DL2010PTC204588. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power (Rajasthan) has 1 court case on record: 1 filed against it. 1 is pending.
Azure Power (Rajasthan) was incorporated on 24 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power (Rajasthan) has 2 deals on record (1 acquisition, 1 funding round), with disclosed funding of ₹3.82 Cr; the latest was in March 2013.
The peers of Azure Power (Rajasthan) by revenue are Alpur Solar Private Limited, Solarcraft Kudligi Private Limited, JK Petroenergy Private Limited, Dante Energy Private Limited, Swelect Green Energy Solutions Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sachin Bali was appointed as Director on 21 Jul 2025. Sankalp Kant was appointed as Director on 21 Jul 2025. Mahesh Shivappa Arali ceased to be Additional Director on 19 Sep 2024. Azure Power (Rajasthan) has 12 board changes on record in total.
Azure Power (Rajasthan) has 2 MSME Form 1 returns on record between 2023 and 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Azure Power (Rajasthan) can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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