Candor Renewable Energy Private Limited
About Candor Renewable Energy Private Limited
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Candor Renewable Energy Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 22 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2004PTC144148. Its GSTIN is 09AADCR1238F1ZK (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10.16 Cr and a paid-up capital of ₹1.42 Cr. It was formerly known as Reliable Record Keepers Private Limited. It is led by directors Amod Pralhad Deshpande and Satish Sharma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹65.3 Lakh, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹12.6 Lakh (net margin 19.3%) and EBITDA of ₹62 Lakh (EBITDA margin 94.9%). Revenue has grown at a compounded annual rate (CAGR) of 269% over three years and 63% over five years.
As per MCA filings, the company has satisfied charges of ₹2,606 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Candor Renewable Energy Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of Candor Renewable Energy 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
Financials of Candor Renewable Energy Private Limited
FY 2025 filings availableCandor Renewable Energy Private Limited reported revenue of ₹65.3 Lakh (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 63% over five years, including 28% growth in the latest year. EBITDA rose 32% 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 | ₹62 Lakh | ||||
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| Net Profit (PAT) | ₹12.6 Lakh | ||||
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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 | 94.9% | ||||
| Net Profit Margin | 19.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Candor Renewable Energy Private Limited, buy the company report.
Board of directors of Candor Renewable Energy Private Limited
Candor Renewable Energy has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amod Pralhad Deshpande Also directs: Avaada Green Glass Private Limited, Avaada Green Solutions Private Limited, Avaada Data Services Private Limited and 2 more | Director | 10 Jan 2013 | 13 Years 10 Months | Current |
| Satish Sharma Also directs: Avaada Green Glass Private Limited, Avaada Green Solutions Private Limited, Avaada Data Services Private Limited and 1 more | Director | 10 Jan 2013 | 13 Years 10 Months | Current |
Peer comparison
Candor Renewable Energy Private Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (EPC, BoP and BTG, Renewable Energy, 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 |
|---|---|---|---|---|---|---|
| Baladev Solar Park Private Limited | ₹65.57 Lakh (FY 2025) | 29.0% | Gadag, Karnataka, India | |||
| Candor Renewable Energy Private Limitedthis company | ₹65.3 Lakh (FY 2025) | ₹12.6 Lakh | 19.3% | 28.0% | Mumbai, Maharashtra, India | |
| Tapam Renewable Energy Private Limited | ₹65.15 Lakh (FY 2025) | -16.0% | Bangalore, Karnataka, India | |||
| Kehan Solarworld Private Limited | ₹65.09 Lakh (FY 2025) | -16.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Candor Renewable Energy Private Limited, buy the company report.
Auditor
Candor Renewable Energy Private Limited is audited by K M Garg & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M Garg & Co. | FY 2023 | 120712W |
Shareholding
The shareholding of Candor Renewable Energy Private 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 Candor Renewable Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jul 2021 | 100456973 | Others | ₹1,800 Cr | Satisfied | |
| 15 Jul 2020 | 100356387 | Sbicap Trustee Company Limited | ₹300 Cr | Satisfied | |
| 01 Jan 2019 | 100232846 | Others | ₹300 Cr | Satisfied | |
| 28 Sep 2018 | 100234580 | Others | ₹206 Cr | Satisfied |
To see the full charge records of Candor Renewable Energy Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Candor Renewable Energy Private Limited has 2 court cases on record: 2 filed by Candor Renewable Energy. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
To see the full case history of Candor Renewable Energy 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 Candor Renewable Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Candor Renewable Energy has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Candor Renewable Energy has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCR1238F1ZK | Uttar Pradesh | Active | 20 Mar 2018 |
To see the full GST registrations and return filing status of Candor Renewable Energy Private Limited, buy the company report.
Recent activity
Candor Renewable Energy Private Limited has 8 board changes on record since 2011: 2 appointments and 6 cessations. The latest: Amod Pralhad Deshpande ceased to be Additional Director on 24 Sep 2013.
8 earlier events are in the company report.
Frequently asked questions
Candor Renewable Energy is an active private limited company based in Mumbai, Maharashtra, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 22 January 2004 (22+ years old) and is registered under CIN U74999MH2004PTC144148.
Candor Renewable Energy has 2 current directors:
- Amod Pralhad Deshpande - Director
- Satish Sharma - Director
The latest financial statements of Candor Renewable Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Candor Renewable Energy is 09AADCR1238F1ZK, registered in Uttar Pradesh. 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 Candor Renewable Energy is U74999MH2004PTC144148. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candor Renewable Energy has 2 court cases on record: 2 filed by the company.
Candor Renewable Energy was incorporated on 22 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Candor Renewable Energy by revenue are Baladev Solar Park Private Limited, Tapam Renewable Energy Private Limited, Kehan Solarworld Private Limited, all in the Cleantech industry (EPC, BoP and BTG, Renewable Energy, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Amod Pralhad Deshpande ceased to be Additional Director on 24 Sep 2013. Satish Sharma ceased to be Additional Director on 24 Sep 2013. Roshan Shivaji Jambhale ceased to be Additional Director on 10 May 2013. Candor Renewable Energy has 8 board changes on record in total.
The registered office of Candor Renewable Energy is at 406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069.
Candor Renewable Energy operates in the energy and power industry, in the bop and btg services segment.
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