About Azure Power Saturn Private Limited
Data last updated:
Azure Power Saturn 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 20 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300DL2014PTC274382. Its GSTIN is 07AANCA1441R1Z9 (Delhi). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.36 Cr. It is led by directors including Aswin Dev and Jigar Jajal.
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 ₹7.16 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹5.11 Cr (net margin -71.4%) and EBITDA of ₹4.29 Cr (EBITDA margin 59.9%). Revenue has declined at a compounded annual rate (CAGR) of 6% 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 ₹28.17 Cr and satisfied charges of ₹86.3 Cr on record.
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 Saturn 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 Saturn 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 Saturn 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 Saturn 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 Saturn Private Limited, buy the company report.
Financials of Azure Power Saturn Private Limited
FY 2025 filings availableAzure Power Saturn Private Limited reported revenue of ₹7.16 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 16% 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 | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.11 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 59.9% | ||||
| Net Profit Margin | -71.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Azure Power Saturn Private Limited, buy the company report.
Board of directors of Azure Power Saturn Private Limited
Azure Power Saturn has 4 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Jain Also directs: Voltalia Energy Private Limited, Azure Power Mercury Private Limited, Energywiz Private Limited and 5 more | Additional Director | 10 Nov 2025 | 0 Years 11 Months | Current |
| Aswin Dev | Director | 03 Feb 2022 | 4 Years 9 Months | Current |
| Jigar Jajal | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
| Saurabh Gupta | Director | 23 Feb 2023 | 3 Years 8 Months | Current |
Peer comparison
Azure Power Saturn Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Nicdc Neemrana Solar Power Limited | ₹7.25 Cr (FY 2025) | 30.0% | New Delhi, Delhi, India | |||
| Sunsure Solarpark Sixteen Private Limited | ₹7.25 Cr (FY 2025) | Noida, Uttar Pradesh, India | ||||
| SK Energy Technologies Private Limited | ₹7.24 Cr (FY 2025) | 98.0% | Pune, Maharashtra, India | |||
| Prakreetee Solar Energy Godawari Private Limited | ₹7.2 Cr (FY 2025) | -36.0% | Pune, Maharashtra, India | |||
| Azure Power Saturn Private Limitedthis company | ₹7.16 Cr (FY 2025) | -₹5.11 Cr | -71.4% | 1.0% | New Delhi, Delhi, India |
To see the full peer comparison of Azure Power Saturn Private Limited, buy the company report.
Auditor
Azure Power Saturn 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 Saturn Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Azure Power Saturn Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101080889 | Idbi Trusteeship Services Limited | ₹28.17 Cr | Open | |
| 27 Dec 2019 | 100322798 | Others | ₹30.5 Cr | Satisfied | |
| 06 Oct 2016 | 100056888 | Others | ₹55.8 Cr | Satisfied |
To see the full charge records of Azure Power Saturn Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Azure Power Saturn Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Azure Power Saturn Private Limited was last rated by Care on 31 Dec 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 31 Dec 2018 |
To see the full credit ratings and regulatory alerts of Azure Power Saturn Private Limited, buy the company report.
MSME payment delays
Azure Power Saturn Private Limited has 4 MSME Form 1 returns on record between 2020 and 2023, 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 |
|---|---|---|---|
| Insolare Energy Limited | |||
| Practus Professional Services Private Limited | |||
| Vivek K. Jain & Associates | |||
| an individual supplier |
To see the full MSME payment records of Azure Power Saturn Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Azure Power Saturn has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
GST
Azure Power Saturn has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AANCA1441R1Z9 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power Saturn Private Limited, buy the company report.
Recent activity
Azure Power Saturn Private Limited has 19 board changes on record since 2019: 4 appointments and 15 cessations. The latest: Vishal Jain was appointed as Additional Director on 10 Nov 2025.
16 earlier events are in the company report.
News
Frequently asked questions
Azure Power Saturn 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 20 December 2014 (12+ years old) and is registered under CIN U40300DL2014PTC274382.
Azure Power Saturn has 4 current directors:
- Vishal Jain - Additional Director
- Aswin Dev - Director
- Jigar Jajal - Director
- Saurabh Gupta - Director
The latest financial statements of Azure Power Saturn 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 Saturn is 07AANCA1441R1Z9, registered in Delhi. 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 Saturn is U40300DL2014PTC274382. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power Saturn was incorporated on 20 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Azure Power Saturn by revenue are Nicdc Neemrana Solar Power Limited, Sunsure Solarpark Sixteen Private Limited, SK Energy Technologies Private Limited, Prakreetee Solar Energy Godawari 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 Saturn has 19 board changes on record in total.
Azure Power Saturn has 4 MSME Form 1 returns on record between 2020 and 2023, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 31 Aug 2023.
Azure Power Saturn can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Azure Power Saturn is at Prius Platinum Unit No. 4 5th Floor Wing No. B D3 P3B, District Centre, New Delhi, Delhi, India – 110017.
Azure Power Saturn operates in the environment industry, in the solar energy solutions segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
