About Azure Power Thirty Four Private Limited
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Azure Power Thirty Four 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 power transmission and distribution services segment of the energy and power sector. It was incorporated on 31 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2016PTC300663. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹2.95 Cr. It is led by directors Pankaj Singla and Shweta Srivastava.
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 ₹100.46 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹33.77 Cr (net margin 33.6%) and EBITDA of ₹90.98 Cr (EBITDA margin 90.6%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 18% over five years.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹2,412 Cr and satisfied charges of ₹1,048.78 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in August 2018. Its 9 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 4 smaller; the largest is Renew Fazilka Solar Power Private Limited with revenue of ₹102.1 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 Thirty Four 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 and Power, Power Transmission & Distribution Services
To see the full contact details of Azure Power Thirty Four 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 Thirty Four 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 Thirty Four 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 Thirty Four Private Limited, buy the company report.
Financials of Azure Power Thirty Four Private Limited
FY 2025 filings availableAzure Power Thirty Four Private Limited reported revenue of ₹100.46 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 1% 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 | ₹90.98 Cr | ||||
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| Net Profit (PAT) | ₹33.77 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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| Profitability | |||||
| EBITDA Margin | 90.6% | ||||
| Net Profit Margin | 33.6% | ||||
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To see the full financial statements and ratios of Azure Power Thirty Four Private Limited, buy the company report.
Board of directors of Azure Power Thirty Four Private Limited
Azure Power Thirty Four has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pankaj Singla Also directs: Azure Photovoltaic Private Limited, Azure Power Fifty Nine Private Limited, Azure Power Fifty Six Private Limited and 3 more | Additional Director | 28 Jan 2026 | 0 Years 9 Months | Current |
| Shweta Srivastava Also directs: Azure Power ( Haryana ) Private Limited, Azure Power Eris Private Limited, Azure Power Fifty Two Private Limited and 5 more | Additional Director | 26 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Azure Power Thirty Four Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Renew Fazilka Solar Power Private Limited | ₹102.1 Cr (FY 2025) | 92.0% | Gurugram, Haryana, India | |||
| Axis Energy Ventures India Private Limited | ₹102.01 Cr (FY 2025) | 91.0% | Hyderabad, Telangana, India | |||
| Azure Power Thirty Seven Private Limited | ₹100.84 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Agrawal Renewable Energy Private Limited | ₹100.59 Cr (FY 2025) | 70.0% | Margao, Goa, India | |||
| Avaada Solarise Energy Private Limited | ₹100.54 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India | |||
| Azure Power Thirty Four Private Limitedthis company | ₹100.46 Cr (FY 2025) | ₹33.77 Cr | 33.6% | -2.0% | New Delhi, Delhi, India | |
| Hindupur Solar Park Private Limited | ₹100.27 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India | |||
| Asj Solar Energy Private Limited | ₹98.76 Cr (FY 2025) | 110.0% | Hyderabad, Telangana, India | |||
| JSW Adarsh Power Private Limited | ₹98.14 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Sprng Transform Sun Energy Private Limited | ₹97.74 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India |
To see the full peer comparison of Azure Power Thirty Four Private Limited, buy the company report.
Auditor
Azure Power Thirty Four 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 Thirty Four 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 Thirty Four Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2025 | 101047552 | Others | ₹2,412 Cr | Open | |
| 27 Dec 2019 | 100322178 | Others | ₹523.78 Cr | Satisfied | |
| 12 Jun 2019 | 100268557 | Others | ₹525 Cr | Satisfied |
To see the full charge records of Azure Power Thirty Four Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Azure Power Thirty Four Private Limited has 1 deal on record (1 acquisition); the latest was in August 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Acquisition | ₹159 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 Thirty Four 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 | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Maharashtra State Electricity Distribution Company Limited Through Its Chief Engineer Commercial Hongkong Bank Building, M.G. Road, Fort, Mumbai - 400001 , District: . ,Mumbai , Maharashtra | Pending |
To see the full case history of Azure Power Thirty Four 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 Thirty Four Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Azure Power Thirty Four has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Azure Power Thirty Four Private Limited, buy the company report.
Recent activity
Azure Power Thirty Four Private Limited has 16 board changes on record since 2016: 9 appointments and 7 cessations. The latest: Gaurang Sethi ceased to be Director on 28 Jan 2026.
13 earlier events are in the company report.
News
Frequently asked questions
Azure Power Thirty Four is an active private limited company based in New Delhi, Delhi, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 31 May 2016 (10+ years old) and is registered under CIN U40106DL2016PTC300663.
Azure Power Thirty Four has 2 current directors:
- Pankaj Singla - Additional Director
- Shweta Srivastava - Additional Director
The latest financial statements of Azure Power Thirty Four 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 FY 2017 are in the company report.
No. Azure Power Thirty Four has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Azure Power Thirty Four is U40106DL2016PTC300663. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power Thirty Four has 1 court case on record: 1 filed against it. 1 is pending.
Azure Power Thirty Four was incorporated on 31 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power Thirty Four has 1 deal on record (1 acquisition); the latest was in August 2018.
The peers of Azure Power Thirty Four by revenue are Renew Fazilka Solar Power Private Limited, Axis Energy Ventures India Private Limited, Azure Power Thirty Seven Private Limited, Agrawal Renewable Energy Private Limited, Avaada Solarise Energy Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Gaurang Sethi ceased to be Director on 28 Jan 2026. Pankaj Singla was appointed as Additional Director on 28 Jan 2026. Mahesh Shivappa Arali ceased to be Director on 26 Sep 2025. Azure Power Thirty Four has 16 board changes on record in total.
Azure Power Thirty Four can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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