Devishi Renewable Energy Private Limited
About Devishi Renewable Energy Private Limited
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Devishi Renewable Energy Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Acme Solar Holdings Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 17 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300HR2015PTC057265. Its GSTIN is 05AAFCD5609L1ZK (Uttarakhand).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.18 Cr. It is led by directors including Saurabh Vats and Manaswini Challa.
Its last annual general meeting (AGM) was held on 06 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at First Floor Tower C Building 10, DLF Cyber City Phase – II Gurgaon Haryana 122002 India, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.25 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹2.01 Cr (net margin 14.1%) and EBITDA of ₹12.76 Cr (EBITDA margin 89.5%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹61 Cr and satisfied charges of ₹221 Cr on record. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in August 2016. Its 4 peer companies in the Cleantech industry (Renewable Energy, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 1 smaller; the largest is Sei Adityashakti Private Limited with revenue of ₹14.59 Cr. The company has 10 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devishi Renewable Energy Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFirst Floor Tower C Building 10, DLF Cyber City Phase – II Gurgaon Haryana 122002 India, Haryana, India – 122002
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Devishi 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
Business activity
The main business activity of Devishi Renewable Energy 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 Devishi Renewable Energy Private Limited, buy the company report.
Financials of Devishi Renewable Energy Private Limited
FY 2025 filings availableDevishi Renewable Energy Private Limited reported revenue of ₹14.25 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 15% growth in the latest year. EBITDA rose 11% 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 | ₹12.76 Cr | ||||
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| Net Profit (PAT) | ₹2.01 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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| EBITDA Margin | 89.5% | ||||
| Net Profit Margin | 14.1% | ||||
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To see the full financial statements and ratios of Devishi Renewable Energy Private Limited, buy the company report.
Board of directors of Devishi Renewable Energy Private Limited
Devishi Renewable Energy has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Vats Also directs: Solarcraft Kittur Private Limited, Vittanath Power Private Limited, Solarcraft Hukkeri Private Limited and 5 more | Director | 25 Feb 2025 | 1 Years 8 Months | Current |
| Manaswini Challa Also directs: Solarcraft Kudligi Private Limited, Mind Solar Private Limited, Vittanath Power Private Limited and 5 more | Director | 03 Dec 2024 | 1 Years 10 Months | Current |
| Sumit Barat Also directs: Vittanath Power Private Limited, Devishi Solar Power Private Limited, Eminent Solar Power Private Limited and 5 more | Director | 30 Apr 2024 | 2 Years 6 Months | Current |
| Kapil Kumar Also directs: Solarcraft Cleantech Private Limited, Solarcraft Mahasolar Private Limited, Celestial Solar Solutions Private Limited and 5 more | Director | 03 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Devishi Renewable Energy Private Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (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 |
|---|---|---|---|---|---|---|
| Sei Adityashakti Private Limited | ₹14.59 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Cse Solar Parks Satna Private Limited | ₹14.47 Cr (FY 2025) | -21.0% | Mumbai, Maharashtra, India | |||
| Izra Solar Energy Private Limited | ₹14.32 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Devishi Renewable Energy Private Limitedthis company | ₹14.25 Cr (FY 2025) | ₹2.01 Cr | 14.1% | 15.0% | Gurgaon, Haryana, India | |
| Nanj Solar Private Limited | ₹14.22 Cr (FY 2025) | -3.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Devishi Renewable Energy Private Limited, buy the company report.
Auditor
Devishi Renewable Energy Private 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 Devishi 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 | |||||
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| Others |
To see the full shareholding pattern of Devishi Renewable Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2025 | 101087488 | Others | ₹61 Cr | Open | |
| 14 Jul 2021 | 100463518 | Others | ₹150 Cr | Satisfied | |
| 04 Oct 2016 | 100056910 | Others | ₹71 Cr | Satisfied |
To see the full charge records of Devishi Renewable Energy Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Devishi Renewable Energy Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in August 2016.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Acquisition | ₹23.9 Cr | Buyer: Acme Solar Holdings Limited |
To see the full deal history of Devishi Renewable Energy Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Devishi Renewable Energy Private 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
Devishi Renewable Energy Private Limited was last rated by Care on 04 Jan 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Jan 2023 |
To see the full credit ratings and regulatory alerts of Devishi Renewable Energy Private Limited, buy the company report.
MSME payment delays
Devishi Renewable Energy Private Limited has 10 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Eki Energy Services Limited | |||
| an individual supplier | |||
| Regent Climate Connect Knowledge Solutions Private Limited |
To see the full MSME payment records of Devishi Renewable Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Devishi Renewable Energy Private Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Devishi Renewable Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAFCD5609L1ZK | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devishi Renewable Energy Private Limited, buy the company report.
Recent activity
Devishi Renewable Energy Private Limited has 24 board changes on record since 2015: 14 appointments and 10 cessations. The latest: Saurabh Vats was appointed as Director on 25 Feb 2025.
22 earlier events are in the company report.
Frequently asked questions
Devishi Renewable Energy is an active private limited company based in Gurgaon, Haryana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 17 November 2015 (11+ years old) and is registered under CIN U40300HR2015PTC057265.
Devishi Renewable Energy has 4 current directors:
- Saurabh Vats - Director
- Manaswini Challa - Director
- Sumit Barat - Director
- Kapil Kumar - Director
The latest financial statements of Devishi Renewable Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Devishi Renewable Energy is 05AAFCD5609L1ZK, registered in Uttarakhand.
The CIN (Corporate Identification Number) of Devishi Renewable Energy is U40300HR2015PTC057265. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devishi Renewable Energy was incorporated on 17 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Devishi Renewable Energy has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in August 2016.
The peers of Devishi Renewable Energy by revenue are Sei Adityashakti Private Limited, Cse Solar Parks Satna Private Limited, Izra Solar Energy Private Limited, Nanj Solar Private Limited, all in the Cleantech industry (Renewable Energy, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Saurabh Vats was appointed as Director on 25 Feb 2025. Aakash Ajay Dattani ceased to be Director on 20 Jan 2025. Manaswini Challa was appointed as Director on 03 Dec 2024. Devishi Renewable Energy has 24 board changes on record in total.
Devishi Renewable Energy has 10 MSME Form 1 returns on record between 2021 and 2024, listing 16 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2024.
The registered office of Devishi Renewable Energy is at First Floor Tower C Building 10, DLF Cyber City Phase – II Gurgaon Haryana 122002 India, Haryana, India – 122002.
Devishi Renewable Energy operates in the environment industry, in the solar energy solutions segment.
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