About Cleanmax Ipp 2 Private Limited
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Cleanmax Ipp 2 Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Clean Max Enviro Energy Solutions Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 14 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC298583. Its GSTIN is 29AAHCC1462C1ZX (Karnataka).
The company has an authorised share capital of ₹47 Lakh and a paid-up capital of ₹46.68 Lakh. It is led by directors including Amit Sharma and Samiappan Thangaraj.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 13 A Floor – 13 Plot – 400 The Peregrine Appartment Kismat Cinema Prabhadevi, Mumbai, Maharashtra, India – 400025.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.29 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹9.4 Cr (net margin 25.9%) and EBITDA of ₹29.93 Cr (EBITDA margin 82.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years.
As per MCA filings, the company has open charges of ₹135.72 Cr and satisfied charges of ₹308 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in November 2017. Its 8 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 5 smaller; the largest is Radiance DC Sun Energy Private Limited with revenue of ₹36.41 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 4 overdue payments to 2 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 cleanmax.com.
Company details
Contact details
Cleanmax Ipp 2 Private Limited's registered office is in Mumbai, Maharashtra. Its website is cleanmax.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address13 A Floor – 13 Plot – 400 The Peregrine Appartment Kismat Cinema Prabhadevi, Mumbai, Maharashtra, India – 400025
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Cleanmax Ipp 2 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
Business activity
The main business activity of Cleanmax Ipp 2 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 Cleanmax Ipp 2 Private Limited, buy the company report.
Financials of Cleanmax Ipp 2 Private Limited
FY 2025 filings availableCleanmax Ipp 2 Private Limited reported revenue of ₹36.29 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 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 | ₹29.93 Cr | ||||
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| Net Profit (PAT) | ₹9.4 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.5% | ||||
| Net Profit Margin | 25.9% | ||||
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To see the full financial statements and ratios of Cleanmax Ipp 2 Private Limited, buy the company report.
Board of directors of Cleanmax Ipp 2 Private Limited
Cleanmax Ipp 2 has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Sharma Also directs: Clean Max Kilimanjaro Private Limited, Clean Max Laguna Private Limited, Clean Max Lapland Private Limited and 5 more | Director | 16 Jun 2025 | 1 Years 4 Months | Current |
| Samiappan Thangaraj | Director | 16 Jun 2025 | 1 Years 4 Months | Current |
| Abhilash Anil Goel | Director | 16 Jun 2025 | 1 Years 4 Months | Current |
Peer comparison
Cleanmax Ipp 2 Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Radiance DC Sun Energy Private Limited | ₹36.41 Cr (FY 2025) | 959.0% | Mumbai, Maharashtra, India | |||
| Walwhan Urja Anjar Limited | ₹36.38 Cr (FY 2024) | 4.0% | Mumbai, Maharashtra, India | |||
| Sei Aditi Power Private Limited | ₹36.3 Cr (FY 2025) | 2.0% | Hyderabad, Telangana, India | |||
| Cleanmax Ipp 2 Private Limitedthis company | ₹36.29 Cr (FY 2025) | ₹9.4 Cr | 25.9% | -4.0% | Mumbai, Maharashtra, India | |
| Avaada Clean Tnproject Private Limited | ₹36.21 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Acme Solar Rooftop Systems Private Limited | ₹36.08 Cr (FY 2025) | 1.0% | Gurgaon, Haryana, India | |||
| Clean Max Mercury Power Private Limited | ₹36 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Chola Greenenergy Private Limited | ₹35.97 Cr (FY 2024) | 569.0% | Tirupur, Tamil Nadu, India | |||
| Sprng Suryoday Energy Private Limited | ₹35.82 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India |
To see the full peer comparison of Cleanmax Ipp 2 Private Limited, buy the company report.
Auditor
Cleanmax Ipp 2 Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Cleanmax Ipp 2 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 Cleanmax Ipp 2 Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2021 | 100465469 | Idbi Trusteeship Services Limited | ₹135.72 Cr | Open | |
| 11 Apr 2019 | 100257204 | Others | ₹158 Cr | Satisfied | |
| 06 Jan 2018 | 100156967 | Idbi Trusteeship Services Limited | ₹150 Cr | Satisfied |
To see the full charge records of Cleanmax Ipp 2 Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Cleanmax Ipp 2 Private Limited has 1 deal on record (1 rights issue); the latest was in November 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2017 | Rights issue | ₹64.19 Cr | Investors: Clean Enviro Solutions Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cleanmax Ipp 2 Private Limited has 3 court cases on record: 3 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by M/S Bangalore Electricity Supply Company Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Clean Max Power Projects Private Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by Renew Power Limited | Disposed |
To see the full case history of Cleanmax Ipp 2 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.
Credit ratings & regulatory alerts
Cleanmax Ipp 2 Private Limited was last rated by Care on 24 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 24 Sep 2021 |
To see the full credit ratings and regulatory alerts of Cleanmax Ipp 2 Private Limited, buy the company report.
MSME payment delays
Cleanmax Ipp 2 Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V Singhi & Associates | |||
| Intel Industrial Solution & Services |
To see the full MSME payment records of Cleanmax Ipp 2 Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Cleanmax Ipp 2 has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC1462C1ZX | Karnataka | Active | 14 Oct 2017 |
To see the full GST registrations and return filing status of Cleanmax Ipp 2 Private Limited, buy the company report.
Recent activity
Cleanmax Ipp 2 Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Kuldeep Jain ceased to be Director on 04 Jul 2025.
6 earlier events are in the company report.
News
Frequently asked questions
Cleanmax Ipp 2 is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 14 August 2017 (9+ years old) and is registered under CIN U74999MH2017PTC298583.
Cleanmax Ipp 2 has 3 current directors:
- Amit Sharma - Director
- Samiappan Thangaraj - Director
- Abhilash Anil Goel - Director
The latest financial statements of Cleanmax Ipp 2 on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Cleanmax Ipp 2 is 29AAHCC1462C1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Cleanmax Ipp 2 is U74999MH2017PTC298583. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cleanmax Ipp 2 has 3 court cases on record: 3 filed against it. 1 is pending.
Cleanmax Ipp 2 was incorporated on 14 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Cleanmax Ipp 2 has 1 deal on record (1 rights issue); the latest was in November 2017.
The peers of Cleanmax Ipp 2 by revenue are Radiance DC Sun Energy Private Limited, Walwhan Urja Anjar Limited, Sei Aditi Power Private Limited, Avaada Clean Tnproject Private Limited, Acme Solar Rooftop Systems Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Kuldeep Jain ceased to be Director on 04 Jul 2025. Nikunj Gopal Ghodawat ceased to be Director on 04 Jul 2025. Abhilash Anil Goel ceased to be Additional Director on 03 Jul 2025. Cleanmax Ipp 2 has 9 board changes on record in total.
Cleanmax Ipp 2 has 4 MSME Form 1 returns on record between 2021 and 2023, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Cleanmax Ipp 2 can be reached through the website cleanmax.com. Its registered office is in Mumbai, Maharashtra, India.
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