About Azure Power Thirty Seven Private Limited
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Azure Power Thirty Seven 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 05 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U35105DL2016PTC299122. Its GSTIN is 36AAOCA3807A1Z0 (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.65 Cr. It is led by directors Sonia Varma and Chandan Raina.
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 ₹100.84 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹57.51 Cr (net margin 57%) and EBITDA of ₹89.18 Cr (EBITDA margin 88.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% 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 ₹461.34 Cr and satisfied charges of ₹925 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending. The company has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹166.65 Cr; the latest was in December 2018. Its 8 peer companies in the Cleantech industry (Energy Solutions, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 4 smaller; the largest is Solar Edge Power and Energy Private Limited with revenue of ₹103.49 Cr. The company has 23 MSME Form 1 returns on record between 2018 and 2024, listing 50 overdue payments to 14 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 Thirty Seven has one previous CIN (Corporate Identification Number): U40300DL2016PTC299122. The current CIN is U35105DL2016PTC299122, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105DL2016PTC299122 | Current |
| U40300DL2016PTC299122 | Previous |
Contact details
Azure Power Thirty Seven Private Limited's registered office is in New Delhi, Delhi.
- Social Media
- Registered AddressDsc – 304 Second Floor, DLF South Court Saket District Centre, New Delhi, Delhi, India – 110017
- IndustryEnvironment, Solar Energy Solutions, Clean Energy Solutions
- 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 Seven 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 Seven 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 Seven Private Limited, buy the company report.
Financials of Azure Power Thirty Seven Private Limited
FY 2025 filings availableAzure Power Thirty Seven Private Limited reported revenue of ₹100.84 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 3% 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 | ₹89.18 Cr | ||||
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| Net Profit (PAT) | ₹57.51 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 | 88.4% | ||||
| Net Profit Margin | 57% | ||||
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To see the full financial statements and ratios of Azure Power Thirty Seven Private Limited, buy the company report.
Board of directors of Azure Power Thirty Seven Private Limited
Azure Power Thirty Seven 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 |
|---|---|---|---|---|
| Sonia Varma | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Chandan Raina Also directs: Azure Power Thirty Nine Private Limited, Two Wind Energy Private Limited, Azure Power Sixty Three Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Azure Power Thirty Seven Private Limited is compared with the 8 companies closest to it by revenue in the Cleantech industry (Energy Solutions, 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 |
|---|---|---|---|---|---|---|
| Solar Edge Power and Energy Private Limited | ₹103.49 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| 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 | |||
| Newen Systems Private Limited | ₹101.1 Cr (FY 2025) | 87.0% | Pune, Maharashtra, India | |||
| Azure Power Thirty Seven Private Limitedthis company | ₹100.84 Cr (FY 2025) | ₹57.51 Cr | 57% | -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 Limited | ₹100.46 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Hindupur Solar Park Private Limited | ₹100.27 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Azure Power Thirty Seven Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2023 | 100791324 | State Bank of India | ₹33.75 Lakh | Open | |
| 04 Nov 2017 | 100137270 | Others | ₹461 Cr | Open | |
| 03 Sep 2019 | 100294477 | Others | ₹169 Cr | Satisfied | |
| 01 Sep 2018 | 100204774 | Others | ₹195 Cr | Satisfied | |
| 20 Jun 2017 | 100106699 | Idbi Trusteeship Services Limited | ₹461 Cr | Satisfied |
To see the full charge records of Azure Power Thirty Seven Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Azure Power Thirty Seven Private Limited has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹166.65 Cr; the latest was in December 2018.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Funding round | ₹31.4 Cr | Investors: Azure Power India Private Limited |
| Sep 2018 | Acquisition | ₹3 Cr | Buyer: Azure Power India Private Limited |
| May 2017 | Funding round | ₹38.87 Cr | Investors: Azure Power India Private Limited , Hareon Power Singapore Pte. Ltd. |
| Jul 2016 | Funding round | ₹96.38 Cr | Investors: Azure Power India Private Limited , Azure Power Makemake 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 Seven Private Limited has 2 court cases on record: 1 filed by Azure Power Thirty Seven, 1 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagarkurnool, Telangana | Civil suit | Filed against the company by an individual | Pending |
| District court, Nagarkurnool, Telangana | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Azure Power Thirty Seven 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
Azure Power Thirty Seven Private Limited has 23 MSME Form 1 returns on record between 2018 and 2024, listing 50 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Vivek K. Jain & Associates | |||
| an individual supplier | |||
| Reliable Transoil Testing Laborator |
To see the full MSME payment records of Azure Power Thirty Seven Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Azure Power Thirty Seven has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAOCA3807A1Z0 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Azure Power Thirty Seven Private Limited, buy the company report.
Recent activity
Azure Power Thirty Seven Private Limited has 14 board changes on record since 2016: 2 appointments and 12 cessations. The latest: Chandan Raina ceased to be Additional Director on 28 Aug 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Azure Power Thirty Seven 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 05 May 2016 (10+ years old) and is registered under CIN U35105DL2016PTC299122.
Azure Power Thirty Seven has 2 current directors:
- Sonia Varma - Director
- Chandan Raina - Director
The latest financial statements of Azure Power Thirty Seven 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.
The GSTIN of Azure Power Thirty Seven is 36AAOCA3807A1Z0, registered in Telangana. 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 Thirty Seven is U35105DL2016PTC299122. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Power Thirty Seven has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending.
Azure Power Thirty Seven was incorporated on 05 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Power Thirty Seven has 4 deals on record (3 funding rounds, 1 acquisition), with disclosed funding of ₹166.65 Cr; the latest was in December 2018.
The peers of Azure Power Thirty Seven by revenue are Solar Edge Power and Energy Private Limited, Renew Fazilka Solar Power Private Limited, Axis Energy Ventures India Private Limited, Newen Systems Private Limited, Agrawal Renewable Energy Private Limited and 3 more, all in the Cleantech industry (Energy Solutions, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Chandan Raina ceased to be Additional Director on 28 Aug 2025. Sonia Varma ceased to be Additional Director on 28 Aug 2025. Chandan Raina was appointed as Director on 21 Jul 2025. Azure Power Thirty Seven has 14 board changes on record in total.
Azure Power Thirty Seven has 23 MSME Form 1 returns on record between 2018 and 2024, listing 50 overdue payments to 14 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Azure Power Thirty Seven can be reached through the website azurepower.com. Its registered office is in New Delhi, Delhi, India.
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