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

About Clean Max Enviro Energy Solutions Limited
Data last updated:
Clean Max Enviro Energy Solutions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 September 2010 and has been in existence for over 16 years.
Clean Max Enviro Energy Solutions is part of the Nifty 500 index. Its director Kuldeep Jain and family are #655 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2010PLC208425. Its GSTIN is 27AAECC1568J1ZI (Maharashtra). The company holds 15 GST registrations, of which 14 are active. Its shares are listed on BSE: 544717 and NSE: CLEANMAX.
The company has an authorised share capital of ₹31.17 Cr and a paid-up capital of ₹10.28 Cr. It was formerly known as Clean Max Enviro Energy Solutions Private Limited. It is led by directors including Kuldeep Jain (Managing Director) and Nawal Saini.
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 Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,912.87 Cr, a growth of 27.9% compared to the previous year. For the same year it recorded a net profit of ₹63.31 Cr (net margin 3.3%) and EBITDA of ₹1,132.23 Cr (EBITDA margin 59.2%). The net worth stands at ₹4,638.27 Cr (up 80.9% YoY). Total assets are valued at ₹18,548 Cr (up 62.3% YoY).
The company has about 365 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: CleanMax. As per MCA filings, the company has open charges of ₹19,676 Cr and satisfied charges of ₹5,083.67 Cr on record. Court records list 16 cases involving the company, including 9 filed by the company and 2 filed against it; 4 cases are pending. The company has 44 deals on record (18 funding rounds, 18 secondary share transfers, 4 debt financings), with disclosed funding of ₹4,563.47 Cr; the latest was in September 2026. Its 10 peer companies in the Cleantech industry (Energy Solutions) are compared by revenue, 5 larger and 5 smaller; the largest is Hitachi Energy India Limited with revenue of ₹6,442.1 Cr. The company has 12 MSME Form 1 returns on record between 2018 and 2024, listing 53 overdue payments to 28 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 cleanmaxsolar.com.
CIN History of Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U93090MH2010PLC208425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090MH2010PLC208425 | Current |
| U93090MH2010PTC208425 | Previous |
| L93090MH2010PLC208425 | Previous |
Recognitions & Rankings of Clean Max Enviro Energy Solutions
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address4th Floor The International 16 Maharshi Karve Road New Marine Lines Cross Road No. 1 Churc, Hgate, Mumbai, Maharashtra, India – 400020
- 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 Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions operates one associated brand: CleanMax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar energy projects are developed for commercial and industrial clients. | cleanmax.com |
Business Activity of Clean Max Enviro Energy Solutions Limited
The main business activity of Clean Max Enviro Energy Solutions 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 Clean Max Enviro Energy Solutions Limited FY 2025-26 filings available
Clean Max Enviro Energy Solutions Limited reported revenue of ₹1,912.87 Cr (up 27.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 1,913 | 1,496 | 1,390 | 930 | 702 | 621 |
| Revenue growth | +27.9% | +7.6% | +49.5% | +32.5% | +13.0% | - |
| EBITDA | 1,132 | 900 | 695 | 285 | 283 | 238 |
| EBITDA margin | +59.2% | +60.2% | +50.0% | +30.7% | +40.3% | +38.4% |
| Profit before tax | 135 | 52.18 | 4.90 | (18.12) | 51.72 | 43.90 |
| Net profit | 63.31 | 28.62 | (124) | 80.86 | 37.53 | 26.14 |
| Net profit margin | +3.3% | +1.9% | -8.9% | +8.7% | +5.4% | +4.2% |
| EPS (₹) | 8.04 | 54.90 | (70.44) | (179.95) | 83.97 | 334.00 |
| Balance sheet | ||||||
| Total assets | 18,548 | 11,427 | 7,908 | 5,568 | 3,102 | 2,283 |
| Net worth | 4,638 | 2,563 | 1,833 | 1,211 | 1,261 | 50.36 |
| Total debt | 12,684 | 8,087 | 5,570 | 3,971 | 1,605 | 1,341 |
| Cash & bank | 2,288 | 1,189 | 382 | 530 | 324 | 182 |
| Net working capital | (602) | 281 | 42.40 | (349) | 31.09 | 0.97 |
| Cash flow | ||||||
| Cash from operations | 1,731 | 1,404 | 86.28 | 928 | 434 | 489 |
| Cash from investing | (5,953) | (3,606) | (1,939) | (3,011) | (1,034) | (510) |
| Cash from financing | 5,095 | 2,481 | 1,789 | 2,144 | 582 | 45.18 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 832 | 557 | 422 | 531 | 402 | 446 | 374 |
| Revenue growth (YoY) | +106.8% | +25.1% | +13.0% | - | - | - | - |
| Other income | 42.43 | 84.50 | 44.14 | 27.49 | 8.90 | 54.02 | 35.63 |
| EBITDA | 421 | 268 | 263 | 335 | 266 | 257 | 184 |
| EBITDA margin | +50.6% | +48.0% | +62.3% | +63.2% | +66.0% | +57.6% | +49.3% |
| Depreciation | 115 | 96.68 | 111 | 88.81 | 83.45 | 80.93 | 82.90 |
| Interest | 255 | 180 | 190 | 195 | 221 | 204 | 154 |
| Profit before tax | 94.01 | 75.25 | 6.63 | 78.66 | (29.54) | 26.22 | (16.63) |
| Tax | 38.82 | 29.86 | (14.55) | 47.03 | (12.94) | 8.98 | (12.21) |
| Net profit | 55.19 | 45.39 | 21.18 | 31.63 | (16.60) | 17.24 | (4.42) |
| EPS (₹) | 4.11 | 5.02 | 2.68 | 2.41 | (1.35) | 2.20 | (59.24) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6,003 | 2,270 | 2,106 | 2,776 | 927 | 812 | 387 |
| Revenue growth | +164.4% | +7.8% | -24.1% | +199.4% | +14.1% | +110.0% | - |
| EBITDA | 1,104 | 429 | 441 | 264 | 84.17 | 67.38 | 29.06 |
| EBITDA margin | +18.4% | +18.9% | +20.9% | +9.5% | +9.1% | +8.3% | +7.5% |
| Profit before tax | 1,039 | 389 | 389 | 209 | 85.51 | 49.47 | 1.98 |
| Net profit | 770 | 292 | 288 | 187 | 70.70 | 36.54 | (1.34) |
| Net profit margin | +12.8% | +12.9% | +13.7% | +6.7% | +7.6% | +4.5% | -0.4% |
| EPS (₹) | 65.54 | 587.80 | 641.99 | 363.88 | 171.89 | 487.44 | 19.54 |
| Balance sheet | |||||||
| Total assets | 7,877 | 4,989 | 3,667 | 2,547 | 1,598 | 1,051 | 1,061 |
| Net worth | 5,648 | 3,400 | 2,478 | 1,554 | 1,405 | 159 | 846 |
| Total debt | 2,168 | 1,549 | 1,179 | 984 | 183 | 161 | 208 |
| Cash & bank | 1,439 | 286 | 57.36 | 134 | 196 | 87.99 | 52.74 |
| Net working capital | 63.73 | (243) | (11.03) | (365) | 365 | 144 | 195 |
| Cash flow | |||||||
| Cash from operations | 2,945 | 1,083 | 58.45 | 947 | 18.50 | 125 | 34.25 |
| Cash from investing | (3,741) | (1,677) | (707) | (1,553) | (474) | (32.10) | (218) |
| Cash from financing | 1,671 | 779 | 636 | 597 | 437 | (68.01) | 207 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,125 | 1,897 | 1,521 | 1,458 | 1,128 | 1,039 | 639 |
| Revenue growth (YoY) | +88.4% | +82.5% | +137.9% | - | - | - | - |
| Other income | 172 | 111 | 90.91 | 90.85 | 61.69 | 57.42 | 47.74 |
| Total expenses | 1,707 | 1,669 | 1,146 | 1,131 | 953 | 886 | 488 |
| EBITDA | 418 | 227 | 375 | 327 | 175 | 153 | 151 |
| EBITDA margin | +19.7% | +12.0% | +24.7% | +22.4% | +15.5% | +14.7% | +23.6% |
| Depreciation | 13.74 | 13.43 | 14.03 | 12.24 | 10.49 | 11.24 | 10.10 |
| Interest | 108 | 136 | 95.02 | 86.63 | 51.80 | 61.28 | 46.19 |
| Profit before tax | 468 | 189 | 357 | 319 | 174 | 138 | 142 |
| Tax | 118 | 64.20 | 87.00 | 79.73 | 40.78 | 23.93 | 37.97 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 832 | 557 | 422 | 531 | 402 | 446 | 374 |
| Revenue growth (YoY) | +106.8% | +25.1% | +13.0% | - | - | - | - |
| Other income | 42.43 | 84.50 | 44.14 | 27.49 | 8.90 | 54.02 | 35.63 |
| EBITDA | 421 | 268 | 263 | 335 | 266 | 257 | 184 |
| EBITDA margin | +50.6% | +48.0% | +62.3% | +63.2% | +66.0% | +57.6% | +49.3% |
| Depreciation | 115 | 96.68 | 111 | 88.81 | 83.45 | 80.93 | 82.90 |
| Interest | 255 | 180 | 190 | 195 | 221 | 204 | 154 |
| Profit before tax | 94.01 | 75.25 | 6.63 | 78.66 | (29.54) | 26.22 | (16.63) |
| Tax | 38.82 | 29.86 | (14.55) | 47.03 | (12.94) | 8.98 | (12.21) |
| Net profit | 55.19 | 45.39 | 21.18 | 31.63 | (16.60) | 17.24 | (4.42) |
| EPS (₹) | 4.11 | 5.02 | 2.68 | 2.41 | (1.35) | 2.20 | (59.24) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 1,913 | 1,496 | 1,390 | 930 | 702 | 621 |
| Revenue growth | +27.9% | +7.6% | +49.5% | +32.5% | +13.0% | - |
| Other income | 169 | 115 | 35.47 | 31.40 | 21.59 | 15.98 |
| Total expenses | 781 | 595 | 694 | 644 | 419 | 383 |
| Employee cost | 104 | 105 | 158 | 67.51 | 46.81 | 34.11 |
| EBITDA | 1,132 | 900 | 695 | 285 | 283 | 238 |
| EBITDA margin | +59.2% | +60.2% | +50.0% | +30.7% | +40.3% | +38.4% |
| Depreciation | 380 | 300 | 222 | 118 | 85.57 | 69.76 |
| Interest | 786 | 663 | 504 | 217 | 167 | 141 |
| Profit before tax | 135 | 52.18 | 4.90 | (18.12) | 51.72 | 43.90 |
| Tax | 49.40 | 40.32 | 43.84 | 43.32 | 21.87 | 18.59 |
| Net profit | 63.31 | 28.62 | (124) | 80.86 | 37.53 | 26.14 |
| Net profit margin | +3.3% | +1.9% | -8.9% | +8.7% | +5.4% | +4.2% |
| EPS (₹) | 8.04 | 54.90 | (70.44) | (179.95) | 83.97 | 334.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 11.71 | 5.07 | 4.40 | 3.63 | 3.62 | 0.76 |
| Reserves & surplus | 4,627 | 2,558 | 1,829 | 1,207 | 1,257 | 49.60 |
| Shareholders' funds (net worth) | 4,638 | 2,563 | 1,833 | 1,211 | 1,261 | 50.36 |
| Minority interest | 885 | 641 | 401 | 258 | 122 | 93.99 |
| Secured loans | 11,425 | 7,974 | 5,515 | 3,843 | 1,605 | 1,341 |
| Unsecured loans | 1,259 | 114 | 55.86 | 128 | 0.00 | 0.00 |
| Total debt | 12,684 | 8,087 | 5,570 | 3,971 | 1,605 | 1,341 |
| Total liabilities | 18,548 | 11,427 | 7,908 | 5,568 | 3,102 | 2,283 |
| Assets | ||||||
| Gross block | 13,243 | 8,962 | 7,252 | 3,310 | 2,415 | 2,215 |
| Net block | 11,954 | 8,060 | 6,649 | 2,929 | 2,149 | 2,031 |
| Capital work in progress | 5,343 | 1,913 | 680 | 2,683 | 603 | 112 |
| Investments | 137 | 76.15 | 92.93 | 48.54 | 41.87 | 7.49 |
| Inventories | 39.95 | 52.08 | 39.96 | 76.75 | 69.92 | 14.04 |
| Sundry debtors | 278 | 188 | 252 | 169 | 99.51 | 47.78 |
| Cash & bank balances | 2,288 | 1,189 | 382 | 530 | 324 | 182 |
| Loans & advances | 799 | 440 | 329 | 179 | 147 | 106 |
| Total current assets | 3,405 | 1,869 | 1,003 | 956 | 641 | 350 |
| Total current liabilities | 4,007 | 1,589 | 961 | 1,305 | 610 | 349 |
| Net working capital | (602) | 281 | 42.40 | (349) | 31.09 | 0.97 |
| Total assets | 18,548 | 11,427 | 7,908 | 5,568 | 3,102 | 2,283 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 329 | 49.62 | 113 | 51.95 | 69.27 | 45.09 |
| Net cash from operating activities | 1,731 | 1,404 | 86.28 | 928 | 434 | 489 |
| Net cash from investing activities | (5,953) | (3,606) | (1,939) | (3,011) | (1,034) | (510) |
| Net cash from financing activities | 5,095 | 2,481 | 1,789 | 2,144 | 582 | 45.18 |
| Net change in cash | 873 | 279 | (63.55) | 61.21 | (17.32) | 24.18 |
| Closing cash | 2,288 | 1,189 | 382 | 530 | 324 | 182 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +27.9% | +7.6% | +49.5% | +32.5% | +13.0% | - |
| EBITDA growth | +25.7% | +29.5% | +143.7% | +0.8% | +18.7% | - |
| PBT growth | +158.7% | +964.9% | +9998.0% | - | +17.8% | +9997.0% |
| Net income growth | +121.2% | +123.1% | -253.2% | +115.5% | +43.6% | - |
| Revenue CAGR (3Y) | +27.2% | +28.7% | +30.8% | - | - | - |
| EBITDA CAGR (3Y) | +58.3% | +47.1% | +42.9% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +4.5% | +0.8% | -2.8% | -6.6% | +4.3% | +4.1% |
| Return on capital employed | +6.3% | +7.5% | 0.0% | 0.0% | +8.3% | +8.4% |
| Return on net worth | +2.1% | +0.5% | 0.0% | 0.0% | +4.3% | +50.2% |
| Debt / equity | 2.88 | 3.11 | 3.13 | 2.26 | 2.25 | 26.64 |
| Long-term debt / equity | 2.61 | 2.84 | 2.92 | 2.08 | 2.08 | 24.52 |
| Interest cover | 104.47 | 110.40 | 106.45 | 129.53 | 84.74 | 83.44 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 0.17 | 0.18 | 0.26 | 0.32 | 0.30 | 0.28 |
| Inventory turnover | 41.57 | 32.50 | 23.82 | 12.68 | 16.72 | 44.25 |
| Debtors turnover | 8.21 | 6.80 | 6.60 | 6.91 | 9.53 | 13.00 |
| EPS (₹) | 8.04 | 54.90 | (70.44) | (179.95) | 83.97 | 334.00 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 396.16 | 5,054.17 | 4,167.91 | 3,338.13 | 3,486.26 | 664.34 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,125 | 1,897 | 1,521 | 1,458 | 1,128 | 1,039 | 639 |
| Revenue growth (YoY) | +88.4% | +82.5% | +137.9% | - | - | - | - |
| Other income | 172 | 111 | 90.91 | 90.85 | 61.69 | 57.42 | 47.74 |
| Total expenses | 1,707 | 1,669 | 1,146 | 1,131 | 953 | 886 | 488 |
| EBITDA | 418 | 227 | 375 | 327 | 175 | 153 | 151 |
| EBITDA margin | +19.7% | +12.0% | +24.7% | +22.4% | +15.5% | +14.7% | +23.6% |
| Depreciation | 13.74 | 13.43 | 14.03 | 12.24 | 10.49 | 11.24 | 10.10 |
| Interest | 108 | 136 | 95.02 | 86.63 | 51.80 | 61.28 | 46.19 |
| Profit before tax | 468 | 189 | 357 | 319 | 174 | 138 | 142 |
| Tax | 118 | 64.20 | 87.00 | 79.73 | 40.78 | 23.93 | 37.97 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6,003 | 2,270 | 2,106 | 2,776 | 927 | 812 | 387 |
| Revenue growth | +164.4% | +7.8% | -24.1% | +199.4% | +14.1% | +110.0% | - |
| Other income | 354 | 189 | 133 | 66.43 | 42.33 | 18.98 | 15.35 |
| Total expenses | 4,899 | 1,841 | 1,666 | 2,512 | 843 | 745 | 358 |
| Employee cost | 175 | 125 | 159 | 73.84 | 50.53 | 37.56 | 41.35 |
| EBITDA | 1,104 | 429 | 441 | 264 | 84.17 | 67.38 | 29.06 |
| EBITDA margin | +18.4% | +18.9% | +20.9% | +9.5% | +9.1% | +8.3% | +7.5% |
| Depreciation | 50.20 | 38.59 | 29.50 | 18.48 | 12.58 | 12.07 | 12.99 |
| Interest | 369 | 190 | 155 | 103 | 28.41 | 24.82 | 29.44 |
| Profit before tax | 1,039 | 389 | 389 | 209 | 85.51 | 49.47 | 1.98 |
| Tax | 272 | 91.03 | 107 | 77.18 | 23.36 | 12.52 | 0.51 |
| Net profit | 770 | 292 | 288 | 187 | 70.70 | 36.54 | (1.34) |
| Net profit margin | +12.8% | +12.9% | +13.7% | +6.7% | +7.6% | +4.5% | -0.4% |
| EPS (₹) | 65.54 | 587.80 | 641.99 | 363.88 | 171.89 | 487.44 | 19.54 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.71 | 5.07 | 4.40 | 3.63 | 3.62 | 0.76 | 0.75 |
| Reserves & surplus | 5,636 | 3,394 | 2,474 | 1,550 | 1,401 | 158 | 846 |
| Shareholders' funds (net worth) | 5,648 | 3,400 | 2,478 | 1,554 | 1,405 | 159 | 846 |
| Secured loans | 1,174 | 1,539 | 1,130 | 862 | 161 | 161 | 166 |
| Unsecured loans | 994 | 10.13 | 48.80 | 123 | 22.11 | 0.00 | 42.10 |
| Total debt | 2,168 | 1,549 | 1,179 | 984 | 183 | 161 | 208 |
| Total liabilities | 7,877 | 4,989 | 3,667 | 2,547 | 1,598 | 1,051 | 1,061 |
| Assets | |||||||
| Gross block | 1,330 | 984 | 800 | 398 | 329 | 267 | 252 |
| Net block | 1,149 | 852 | 707 | 335 | 282 | 233 | 229 |
| Capital work in progress | 546 | 227 | 88.11 | 360 | 11.85 | 0.00 | 10.15 |
| Investments | 3,843 | 2,946 | 2,041 | 1,509 | 754 | 545 | 556 |
| Inventories | 181 | 48.60 | 35.29 | 66.55 | 58.46 | 13.61 | 55.96 |
| Sundry debtors | 788 | 376 | 642 | 456 | 369 | 239 | 56.70 |
| Cash & bank balances | 1,439 | 286 | 57.36 | 134 | 196 | 87.99 | 52.74 |
| Loans & advances | 2,652 | 1,210 | 406 | 416 | 313 | 156 | 275 |
| Total current assets | 5,060 | 1,921 | 1,141 | 1,073 | 937 | 496 | 440 |
| Total current liabilities | 4,996 | 2,164 | 1,152 | 1,437 | 572 | 353 | 245 |
| Net working capital | 63.73 | (243) | (11.03) | (365) | 365 | 144 | 195 |
| Total assets | 7,877 | 4,989 | 3,667 | 2,547 | 1,598 | 1,051 | 1,061 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 194 | 8.42 | 21.21 | 29.91 | 47.63 | 23.19 | 0.38 |
| Net cash from operating activities | 2,945 | 1,083 | 58.45 | 947 | 18.50 | 125 | 34.25 |
| Net cash from investing activities | (3,741) | (1,677) | (707) | (1,553) | (474) | (32.10) | (218) |
| Net cash from financing activities | 1,671 | 779 | 636 | 597 | 437 | (68.01) | 207 |
| Net change in cash | 874 | 185 | (12.78) | (8.71) | (17.72) | 24.44 | 22.81 |
| Closing cash | 1,439 | 286 | 57.36 | 134 | 196 | 87.99 | 52.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +164.4% | +7.8% | -24.1% | +199.4% | +14.1% | +110.0% | - |
| EBITDA growth | +157.2% | -2.6% | +66.8% | +214.0% | +24.9% | +131.9% | - |
| PBT growth | +167.0% | +0.0% | +86.0% | +144.6% | +72.9% | +2398.5% | +9997.0% |
| Net income growth | +164.2% | +1.2% | +54.5% | +164.0% | +93.5% | +2826.9% | - |
| Revenue CAGR (3Y) | +29.3% | +34.8% | +37.4% | +92.9% | - | - | - |
| EBITDA CAGR (3Y) | +61.1% | +72.2% | +87.0% | +108.7% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +12.8% | +13.1% | +13.4% | +4.8% | +6.7% | +4.6% | +0.4% |
| Return on capital employed | +21.9% | +13.4% | +17.0% | +17.3% | +8.6% | +7.0% | +3.0% |
| Return on net worth | +17.0% | +10.1% | +13.4% | +10.9% | +7.7% | +7.4% | -0.2% |
| Debt / equity | 0.41 | 0.46 | 0.54 | 0.39 | 0.22 | 0.37 | 0.31 |
| Long-term debt / equity | 0.32 | 0.42 | 0.47 | 0.33 | 0.19 | 0.27 | 0.22 |
| Interest cover | 35.02 | 48.68 | 37.68 | 41.94 | 39.68 | 44.87 | 183.20 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 5.19 | 2.55 | 3.52 | 7.64 | 3.11 | 3.13 | 1.56 |
| Inventory turnover | 52.34 | 54.13 | 41.37 | 44.41 | 25.73 | 23.35 | 10.63 |
| Debtors turnover | 10.31 | 4.46 | 3.84 | 6.72 | 3.05 | 5.50 | 3.72 |
| EPS (₹) | 65.54 | 587.80 | 641.99 | 363.88 | 171.89 | 487.44 | 19.54 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 482.39 | 6,702.61 | 5,633.56 | 4,284.16 | 3,885.74 | 2,098.26 | 11,224.39 |
Board of Directors and KMP of Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited currently reports 8 directors and 1 key managerial person. 29 former directors have served the organization.
Peer Comparison of Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited is compared with the companies closest to it by revenue in the Cleantech industry (Energy Solutions). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hitachi Energy India Limited Listed | ₹6,442.1 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Bengaluru, Karnataka, India |
| Vertiv Energy Private Limited | ₹3,678.61 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Thane, Maharashtra, India |
| Thermax Babcock & Wilcox Energy Solutions Limited | ₹2,409.01 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| O2 Power Private Limited | ₹1,926.03 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | New Delhi, Delhi, India |
| Clean Max Enviro Energy Solutions Limited this company | ₹1,912.87 Cr (FY 2026) | •••• | •••• | 27.9% | •••• | Mumbai, Maharashtra, India |
| Energy Efficiency Services Limited | ₹1,686.31 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | New Delhi, Delhi, India |
| Tata Autocomp Gotion Green Energy Solutions Private Limited | ₹1,441.23 Cr (FY 2024) | •••• | •••• | 11359.0% | •••• | Erandwane Pune, Maharashtra, India |
| Taranjot Energy Solutions Private Limited | ₹1,261.31 Cr (FY 2025) | •••• | •••• | 43.0% | •••• | Surat, Gujarat, India |
| Enzen Global Solutions Private Limited | ₹1,233.02 Cr (FY 2023) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Altilium Energie Private Limited | ₹1,204.93 Cr (FY 2025) | •••• | •••• | 1888.0% | •••• | Delhi, India |
| Livfast Batteries Private Limited | ₹1,139.82 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Haryana, India |
Peers are the five companies nearest above and the five nearest below Clean Max Enviro Energy Solutions by revenue in the Cleantech industry (Energy Solutions), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Clean Max Enviro Energy Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Dec 2025 | Others | ₹1,637.5 Cr | Open |
| 20 Nov 2025 | Others | ₹70.03 Cr | Open |
| 20 Nov 2025 | Others | ₹68.22 Cr | Open |
| 20 Nov 2025 | Others | ₹33.8 Cr | Open |
| 20 Nov 2025 | Others | ₹26.58 Cr | Open |
Total charge records: 232 View all charges
Deals & Funding of Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited has 44 deals on record (18 funding rounds, 18 secondary share transfers, 4 debt financings), with disclosed funding of ₹4,563.47 Cr; the latest was in September 2026.
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2026 | Market trade | ₹199.32 Cr | Buyer: Sbi Life Insurance Company Limited , Icici Prudential Life Insurance Company Limited , Dsp India Fund India Long Short Strategy Fund With Cash Management Option Seller: Dsdg Holding Aps |
| Feb 2026 | IPO | ₹3,100 Cr | Investors: ZULIA INVESTMENTS PTE. LTD, Sbi Life Insurance Company Limited , NOMURA INDIA INVESTMENT Seller: BGTF One Holdings (DIFC) Limited, Augment India I Holdings,LLC, DSDG HOLDING APS, an individual |
| Feb 2026 | Secondary share transfer | Undisclosed | Buyer: Temasek, Bain Capital Private Equity, Steadview Capital Seller: Brookfield, Augment Infrastructure, Kempinc LLP |
| Feb 2026 | Secondary share transfer | Undisclosed | Buyer: Kempinc LLP Seller: Augment Infrastructure, Brookfield, Dsdg Holding Aps |
| Aug 2025 | Secondary share transfer | Undisclosed | Buyer: Rikhab Investments BV, Kempinc LLP Seller: Brookfield, Dsdg Holding Aps |
Full deal history
All 44 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 Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited has 16 court cases on record: 9 filed by Clean Max Enviro Energy Solutions, 2 filed against it, 5 where it is another party. 4 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 1 | 4 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Tamil Nadu Power Distribution Corporation Limited | Pending |
| Bombay High Court | Court case (ARP) | Filed against the company by Shri Vaari Electricals Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against Union of India | Pending |
| High Court of Karnataka | Appeal | Company is another party | Pending |
Full case history
All 16 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 Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited has 12 MSME Form 1 returns on record between 2018 and 2024, listing 53 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hyper Green Renewable Energy Private Limited | •••• | •••• | •••• |
| Waaree Energies Limited | •••• | •••• | •••• |
| Hammond Power Solutions Private Limited | •••• | •••• | •••• |
| Annai Constructions | •••• | •••• | •••• |
| 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 Clean Max Enviro Energy Solutions Limited
Employment history and EPFO contributions of people linked to Clean Max Enviro Energy Solutions.
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 Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions Limited has 38 board changes on record since 2010: 9 appointments and 29 cessations. The latest: Ajay Kaul was appointed as Director on 14 Aug 2025.
387 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Clean Max Enviro Energy Solutions 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 Clean Max Enviro Energy Solutions 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 Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions has 15 GST registrations: 14 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECC1568J1ZI | Maharashtra | Active | 01 Jul 2017 |
| 27AAECC1568J2ZH | Maharashtra | Active | 09 May 2024 |
| 03AAECC1568J1ZS | Punjab | Active | 01 Jul 2017 |
| 06AAECC1568J1ZM | Haryana | 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 Clean Max Enviro Energy Solutions 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 Clean Max Enviro Energy Solutions Limited
Frequently Asked Questions about Clean Max Enviro Energy Solutions Limited
Clean Max Enviro Energy Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 29 September 2010 (16+ years old) and is registered under CIN U93090MH2010PLC208425. Listed on BSE: 544717 and NSE: CLEANMAX.
Clean Max Enviro Energy Solutions reported revenue of ₹1,912.87 Cr for FY 2025-26 (up 27.9% YoY) based on consolidated financials.
Clean Max Enviro Energy Solutions has 9 current directors and KMP:
- Kuldeep Jain - Managing Director
- Nawal Saini - Director
- Pratap Jain - Director
- Murzash Manekshana - Director
- Arijit Basu - Director
- Santosh Janakiram Iyer - Director
- Ajay Kaul - Director
- Shilpa Shridhar Divekar - Director
- Nikunj Gopal Ghodawat - Cfo
The GSTIN of Clean Max Enviro Energy Solutions is 27AAECC1568J1ZI, registered in Maharashtra. The company has 15 GST registrations in all, of which 14 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAECC1568J2ZH (Maharashtra), 03AAECC1568J1ZS (Punjab), 06AAECC1568J1ZM (Haryana).
The CIN (Corporate Identification Number) of Clean Max Enviro Energy Solutions is U93090MH2010PLC208425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Clean Max Enviro Energy Solutions is listed on both BSE (code: 544717) and NSE (symbol: CLEANMAX).
Clean Max Enviro Energy Solutions has 16 court cases on record: 9 filed by the company and 2 filed against it. 4 are pending. Most are in the high courts.
Clean Max Enviro Energy Solutions was incorporated on 29 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Clean Max Enviro Energy Solutions has 44 deals on record (18 funding rounds, 18 secondary share transfers, 4 debt financings), with disclosed funding of ₹4,563.47 Cr; the latest was in September 2026.
The peers of Clean Max Enviro Energy Solutions by revenue are Hitachi Energy India Limited, Vertiv Energy Private Limited, Thermax Babcock & Wilcox Energy Solutions Limited, O2 Power Private Limited, Energy Efficiency Services Limited and 5 more, all in the Cleantech industry (Energy Solutions).
Ajay Kaul was appointed as Director on 14 Aug 2025. Ajay Kaul ceased to be Additional Director on 14 Aug 2025. Arijit Basu was appointed as Director on 14 Aug 2025. Clean Max Enviro Energy Solutions has 38 board changes on record in total.
Clean Max Enviro Energy Solutions has 12 MSME Form 1 returns on record between 2018 and 2024, listing 53 overdue payments to 28 micro and small suppliers. The latest return was filed on 29 Apr 2024.