- #655 Kuldeep Jain & family ₹4,900 Cr

About Clean Max Bial Renewable Energy Private Limited
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Clean Max Bial Renewable Energy Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 06 December 2023.
Its director Kuldeep Jain and family are #655 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35105KA2023PTC181872.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹74.5 Cr. It is led by directors including Pilla Vamsi Krishna and Arsikere Vasanthkumar Tejus.
Its last annual general meeting (AGM) was held on 21 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2026, the company reported a revenue of ₹24.51 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.32 Cr (net margin -17.6%) and EBITDA of ₹19.84 Cr (EBITDA margin 80.9%).
As per MCA filings, the company has open charges of ₹183.81 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 4 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2024.
For more details, the company can be reached via its website cleanmax.com.
Company details
Recognitions & Rankings of Clean Max Bial Renewable Energy
Contact details
Clean Max Bial Renewable Energy Private Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered Address48/13 40 Thcrossrd 3 Rdmain, Rd 8 Thblock Jayanagar, Bangalore, Karnataka, India – 560070
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
- 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 Clean Max Bial Renewable Energy Private Limited
FY 2026 filings availableClean Max Bial Renewable Energy Private Limited reported revenue of ₹24.51 Cr (up 333% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 333% in the latest year. EBITDA rose 353% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
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| EBITDA | ₹19.84 Cr | ||
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| Net Profit (PAT) | -₹4.32 Cr | ||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 |
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| Profitability | |||
| EBITDA Margin | 80.9% | ||
| Net Profit Margin | -17.6% | ||
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To see the full financial statements and ratios of Clean Max Bial Renewable Energy Private Limited, buy the company report.
Board of directors of Clean Max Bial Renewable Energy Private Limited
Clean Max Bial Renewable Energy has 7 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pilla Vamsi Krishna Also directs: Clean Max Nova Private Limited, Clean Max Fragma Private Limited, Clean Max Aria Private Limited and 5 more | Director | 21 Jul 2025 | 1 Years 3 Months | Current |
| Arsikere Vasanthkumar Tejus Also directs: Clean Max Omni Private Limited, Clean Max Nova Private Limited, Samvruddhi Re Partners LLP and 5 more | Director | 20 Dec 2023 | 2 Years 10 Months | Current |
| Amit Kumar Jain Also directs: Clean Max Omni Private Limited, Clean Max Gaia Private Limited, Clean Max Nova Private Limited and 5 more | Director | 06 Dec 2023 | 2 Years 11 Months | Current |
| Lakshminarayanan Sankaran | Director | 15 Feb 2024 | 2 Years 8 Months | Current |
| Venkatramani Bhaskar | Director | 15 Feb 2024 | 2 Years 8 Months | Current |
| Parameshwar Ganapati Bhat | Director | 03 Mar 2026 | 0 Years 8 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2024 | 100981312 | Others | ₹183.81 Cr | Open |
To see the full charge records of Clean Max Bial Renewable Energy Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Clean Max Bial Renewable Energy Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Rights issue | ₹74.49 Cr | Investors: Clean Max Enviro Energy Solutions Limited , Bangalore International Airport Limited |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Bangalore International Airport Limited Seller: Clean Max Enviro Energy Solutions Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Clean Max Bial Renewable Energy Private Limited has 4 court cases on record: 3 filed by Clean Max Bial Renewable Energy, 1 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 4 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by Clean Max Deneb Power LLP | Pending |
| High Court | Writ petition | Filed by the company against Karnataka Power Transmission Corporation Limited and 3 others | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| High Court of Karnataka | Court case (CCC) | Filed by the company against an individual | Pending |
To see the full case history of Clean Max Bial 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 Clean Max Bial Renewable Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Clean Max Bial Renewable Energy Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Clean Max Bial Renewable Energy Private Limited has 13 board changes on record since 2023: 7 appointments and 6 cessations. The latest: Charuta Pramod Bhatt was appointed as Director on 03 Mar 2026.
6 earlier events are in the company report.
News
Frequently asked questions
Clean Max Bial Renewable Energy is an active private limited company based in Bangalore, Karnataka, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 06 December 2023 (3+ years old) and is registered under CIN U35105KA2023PTC181872.
Clean Max Bial Renewable Energy has 7 current directors:
- Pilla Vamsi Krishna - Director
- Arsikere Vasanthkumar Tejus - Director
- Amit Kumar Jain - Director
- Lakshminarayanan Sankaran - Director
- Venkatramani Bhaskar - Director
- Parameshwar Ganapati Bhat - Director
- Charuta Pramod Bhatt - Director
The latest financial statements of Clean Max Bial Renewable Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 May 2026. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Clean Max Bial Renewable Energy is U35105KA2023PTC181872. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clean Max Bial Renewable Energy has 4 court cases on record: 3 filed by the company and 1 filed against it. 4 are pending.
Clean Max Bial Renewable Energy was incorporated on 06 December 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
Clean Max Bial Renewable Energy has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in January 2024.
Charuta Pramod Bhatt was appointed as Director on 03 Mar 2026. Parameshwar Ganapati Bhat was appointed as Director on 03 Mar 2026. Pilla Vamsi Krishna was appointed as Director on 21 Jul 2025. Clean Max Bial Renewable Energy has 13 board changes on record in total.
Clean Max Bial Renewable Energy can be reached through the website cleanmax.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Clean Max Bial Renewable Energy is at 4813 40 Thcrossrd 3 Rdmain, Rd 8 Thblock Jayanagar, Bangalore, Karnataka, India – 560070.

