About Azure Solar Private Limited
Data last updated:
Azure Solar 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 18 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2010PTC209414. Its GSTIN is 08AAICA9247J1Z8 (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.42 Cr and a paid-up capital of ₹1.18 Cr. It is led by directors Umesh Sukhwani and Sanjeev Kumar.
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 ₹49.85 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹4.41 Cr (net margin 8.9%) and EBITDA of ₹44.3 Cr (EBITDA margin 88.9%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company has about 17 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Azure Power. As per MCA filings, the company has open charges of ₹255 Cr and satisfied charges of ₹633.4 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹20.33 Cr; the latest was in March 2014. Its 10 peer companies in the Cleantech industry (Solar Power) are compared by revenue, 5 larger and 5 smaller; the largest is Vento Power Infra Private Limited with revenue of ₹51.28 Cr. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 5 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressDsc – 304 Second Floor DLF South Court, Saket District Centre, New Delhi, Delhi, India – 110017
- IndustryEnvironment, Solar 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
- One PDF report, delivered after checkout
Associated Brands with Azure Solar Private Limited
Azure Solar 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 of Azure Solar Private Limited
The main business activity of Azure Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Azure Solar Private Limited FY 2025 filings available
Azure Solar Private Limited reported revenue of ₹49.85 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Azure Solar Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 7% fall in the latest year. EBITDA fell 12% 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 of Azure Solar Private Limited
| 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 | ₹44.3 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.41 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 of Azure Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 88.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Azure Solar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Azure Solar Private Limited
Azure Solar has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umesh Sukhwani Also directs: Azure Urja Private Limited, Azure Sunrise Private Limited, Azure Sunshine Private Limited and 5 more | Director | 23 Jul 2025 | 1 Years 2 Months | Current |
| Sanjeev Kumar Also directs: Azure Power Rooftop Eight Private Limited, Azure Power Sixty One Private Limited, Azure Power (Raj.) Private Limited and 5 more | Additional Director | 25 Nov 2025 | 0 Years 10 Months | Current |
Peer Comparison of Azure Solar Private Limited
Azure Solar Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vento Power Infra Private Limited | ₹51.28 Cr (FY 2025) | •••• | •••• | 211.0% | •••• | Mumbai, Maharashtra, India |
| Ampin Energy Green Five Private Limited | ₹51.08 Cr (FY 2025) | •••• | •••• | 9463.0% | •••• | New Delhi, Delhi, India |
| Sherisha Powertech Private Limited | ₹50.92 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Chennai, Tamil Nadu, India |
| Sprng Natural Power Source Private Limited | ₹50.64 Cr (FY 2025) | •••• | •••• | 13192.0% | •••• | New Delhi, Delhi, India |
| Renew Mega Solar Power Private Limited | ₹50.44 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Azure Solar Private Limited this company | ₹49.85 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | New Delhi, Delhi, India |
| Morjar Renewables Private Limited | ₹49.77 Cr (FY 2025) | •••• | •••• | 7385.0% | •••• | Mumbai, Maharashtra, India |
| Today Green Energy Private Limited | ₹49.71 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Sepset Constructions Limited | ₹49.56 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Gurgaon, Haryana, India |
| Isoft Technologies Private Limited | ₹49.04 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Chirasthaayee Saurya Limited | ₹48.97 Cr (FY 2022) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Azure Solar by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Azure Solar Private Limited
Azure Solar Private Limited is audited by ASA & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ASA & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Azure Solar Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Azure Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Sep 2021 | Others | ₹255 Cr | Open |
| 02 Jul 2020 | Others | ₹283 Cr | Satisfied |
| 11 Sep 2012 | Deutsche Bank Trust Company Americas | ₹350.4 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Azure Solar Private Limited
Azure Solar Private Limited has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹20.33 Cr; the latest was in March 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹65 Lakh | Investors: Azure Power India Private Limited |
| May 2012 | Funding round | ₹19.68 Cr | Investors: Azure Power India Private Limited , Azure Power Us Inc |
| Dec 2011 | Acquisition | ₹96.9 Lakh | Buyer: Azure Power India Private Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Azure Solar Private Limited
Azure Solar Private Limited has 1 court case on record: 1 filed by Azure Solar. All case is pending. Status as checked on 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Renewable Energy Development Limited | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Azure Solar Private Limited
Azure Solar Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 17 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Integrated Wireless Solutions Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Catalyst Trusteeship Limited | •••• | •••• | •••• |
| Vivek K. Jain & Associates | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Azure Solar Private Limited
Azure Solar Private Limited has a workforce of 17 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Azure Solar Private Limited
Azure Solar Private Limited has 11 board changes on record since 2019: 2 appointments and 9 cessations. The latest: Sanjeev Kumar was appointed as Additional Director on 25 Nov 2025.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Azure Solar Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Azure Solar Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Azure Solar Private Limited
Azure Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAICA9247J1Z8 | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Azure Solar Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Azure Solar Private Limited
Frequently Asked Questions about Azure Solar Private Limited
Azure Solar 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 18 October 2010 (16+ years old) and is registered under CIN U40106DL2010PTC209414.
Azure Solar reported revenue of ₹49.85 Cr for FY 2025 (down 7% YoY).
Azure Solar has 2 current directors:
- Umesh Sukhwani - Director
- Sanjeev Kumar - Additional Director
Azure Solar reported a net profit of ₹4.41 Cr (net margin 8.9%) and EBITDA of ₹44.3 Cr (EBITDA margin 88.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Azure Solar is -1% over three years and -2% over five years. In the latest year (FY 2025) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Azure Solar is 08AAICA9247J1Z8, 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 Solar is U40106DL2010PTC209414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Azure Solar has 1 court case on record: 1 filed by the company. 1 is pending.
Azure Solar was incorporated on 18 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Azure Solar has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹20.33 Cr; the latest was in March 2014.
The peers of Azure Solar by revenue are Vento Power Infra Private Limited, Ampin Energy Green Five Private Limited, Sherisha Powertech Private Limited, Sprng Natural Power Source Private Limited, Renew Mega Solar Power Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Sanjeev Kumar was appointed as Additional Director on 25 Nov 2025. Kompella Srinivas ceased to be Additional Director on 24 Sep 2025. Umesh Sukhwani ceased to be Additional Director on 24 Sep 2025. Azure Solar has 11 board changes on record in total.