Bhanuenergy Industrial Development Limited
About Bhanuenergy Industrial Development Limited
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Bhanuenergy Industrial Development Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte. Ltd.. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 October 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70102GJ2007PLC107793. Its GSTIN is 03AAFCM2992K1Z9 (Punjab).
The company has an authorised share capital of ₹45.1 Lakh and a paid-up capital of ₹1.06 Lakh. It was formerly known as Moser Baer Industrial Development Limited. It is led by directors including Rajeev Sharma and Bharat Rathi.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.16 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.01 Cr (net margin -6.3%) and EBITDA of ₹14.63 Cr (EBITDA margin 90.6%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹47.14 Cr and satisfied charges of ₹274.79 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Bhanuenergy Industrial Development has one previous CIN (Corporate Identification Number): U70102DL2007PLC169300. The current CIN is U70102GJ2007PLC107793, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102GJ2007PLC107793 | Current |
| U70102DL2007PLC169300 | Previous |
Contact details
Bhanuenergy Industrial Development Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Bhanuenergy Industrial Development 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
Business activity
The main business activity of Bhanuenergy Industrial Development 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 Bhanuenergy Industrial Development Limited, buy the company report.
Financials of Bhanuenergy Industrial Development Limited
FY 2025 filings availableBhanuenergy Industrial Development Limited reported revenue of ₹16.16 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 4% growth in the latest year. EBITDA rose 5% 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 | ₹14.63 Cr | ||||
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| Net Profit (PAT) | -₹1.01 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 | -6.3% | ||||
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To see the full financial statements and ratios of Bhanuenergy Industrial Development Limited, buy the company report.
Board of directors of Bhanuenergy Industrial Development Limited
Bhanuenergy Industrial Development has 4 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajeev Sharma Also directs: Solitaire Energies Limited, Bhanuenergy Infrastructure & Power Limited, Porbandar Solar Power Limited and 1 more | Director | 06 Jul 2021 | 5 Years 3 Months | Current |
| Ralf Winfried Friedrich Nowack Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Bhanuenergy Infrastructure & Power Limited and 5 more | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Bharat Rathi Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Hiraco Renewable Energy Private Limited and 5 more | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
| Nirmal Sharda Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Bhanuenergy Infrastructure & Power Limited and 5 more | Director | 29 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Bhanuenergy Industrial Development Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Azure Surya Private Limited | ₹16.3 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Sunbarn Renewables Private Limited | ₹16.3 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| Cse Deccan Solar Private Limited | ₹16.27 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Sunshade Energy Private Limited | ₹16.19 Cr (FY 2025) | 27.0% | Agra, Uttar Pradesh, India | |||
| Bhanuenergy Industrial Development Limitedthis company | ₹16.16 Cr (FY 2025) | -₹1.01 Cr | -6.3% | 4.0% | Ahmedabad, Gujarat, India | |
| Kundan Solar (Astonfield) Private Limited | ₹16.13 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Radiance Renewable Projects Private Limited | ₹16.1 Cr (FY 2025) | -65.0% | Mumbai, Maharashtra, India | |||
| Rewanchal Solar Power Private Limited | ₹16 Cr (FY 2025) | -6.0% | Gurugram, Haryana, India |
To see the full peer comparison of Bhanuenergy Industrial Development Limited, buy the company report.
Auditor
Bhanuenergy Industrial Development Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Bhanuenergy Industrial Development Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhanuenergy Industrial Development Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154038 | Sbicap Trustee Company Limited | ₹47.14 Cr | Open | |
| 16 Jun 2017 | 100125675 | Sbicap Trustee Company Limited | ₹75.54 Cr | Satisfied | |
| 10 Mar 2016 | 10625127 | Indian Renewable Energy Development Agency Limited | ₹74.25 Cr | Satisfied | |
| 19 Sep 2014 | 10525092 | Ptc India Financial Services Limited | ₹125 Cr | Satisfied |
To see the full charge records of Bhanuenergy Industrial Development Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Bhanuenergy Industrial Development 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
Bhanuenergy Industrial Development Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Bhanuenergy Industrial Development Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhanuenergy Industrial Development Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhanuenergy Industrial Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFCM2992K1Z9 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhanuenergy Industrial Development Limited, buy the company report.
Recent activity
Bhanuenergy Industrial Development Limited has 32 board changes on record since 2007: 4 appointments and 28 cessations. The latest: Nirmal Sharda was appointed as Director on 29 Sep 2025.
31 earlier events are in the company report.
Frequently asked questions
Bhanuenergy Industrial Development is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 11 October 2007 (19+ years old) and is registered under CIN U70102GJ2007PLC107793.
Bhanuenergy Industrial Development has 4 current directors:
- Rajeev Sharma - Director
- Ralf Winfried Friedrich Nowack - Nominee Director
- Bharat Rathi - Director
- Nirmal Sharda - Director
The latest financial statements of Bhanuenergy Industrial Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhanuenergy Industrial Development is 03AAFCM2992K1Z9, registered in Punjab.
The CIN (Corporate Identification Number) of Bhanuenergy Industrial Development is U70102GJ2007PLC107793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhanuenergy Industrial Development was incorporated on 11 October 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Bhanuenergy Industrial Development by revenue are Azure Surya Private Limited, Sunbarn Renewables Private Limited, Cse Deccan Solar Private Limited, Sunshade Energy Private Limited, Kundan Solar (Astonfield) Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Nirmal Sharda was appointed as Director on 29 Sep 2025. Nirmal Sharda ceased to be Director on 11 Sep 2025. Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025. Bhanuenergy Industrial Development has 32 board changes on record in total.
The registered office of Bhanuenergy Industrial Development is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
Bhanuenergy Industrial Development operates in the environment industry, in the solar energy solutions segment.
Bhanuenergy Industrial Development has open charges of ₹47.14 Cr and satisfied charges of ₹274.79 Cr as per latest MCA filings.
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