Etain Renewables Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U29100GJ2011PLC064722 Incorporated 01 April 2011 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Public Limited Company environment
Data last updated
Revenue · FY 2022
₹2,725
▲ 24% YoY
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹21.88 Lakh
Issued & subscribed
Company age
15 yrs
Est. 2011
Employees · EPFO
4
Provident fund records
Directors on board
3
As per MCA filings
Active GSTINs
1
of 2 registered
Brands
1
Associated brands

About Etain Renewables Limited

Data last updated:

Etain Renewables Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Etain Energy Holdings Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 01 April 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2011PLC064722. Its GSTIN is 24AACCE6631N1ZI (Gujarat). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹21.88 Lakh. It was formerly known as Electrotherm Immodo Renewables Limited and Etain Immodo Renewables Limited. It is led by directors including Anurag Mukesh Bhandari and Jyoti Mukesh Bhandari.

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 Ahmedabad, Gujarat.

The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.

The company is associated with 1 brand: ETain Renewables.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website etimmodo.com.

Company details

CIN U29100GJ2011PLC064722
Registration Number 064722
Incorporation Date 01 April 2011
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Etain Energy Holdings Limited
Compliance Status Active Compliant

Name history

Etain Renewables has undergone 2 name changes throughout its history. The company was previously known as Electrotherm Immodo Renewables Limited, and Etain Immodo Renewables Limited. The current legal name is Etain Renewables Limited.

Company NameStatus
Etain Renewables LimitedCurrent
Electrotherm Immodo Renewables LimitedPrevious
Etain Immodo Renewables LimitedPrevious

Contact details

Etain Renewables Limited's registered office is in Ahmedabad, Gujarat. Its website is etimmodo.com. Its e-mail address is in the company report.

  • Email
  • Registered Address
    A/1 Skylark Appartment, Opp. Bima Nagar Satellite Road, Ahmedabad, Gujarat, India – 380015
  • Industry
    Environment, Solar Energy Solutions

To see the full contact details of Etain Renewables Limited, buy the company report.

Comprehensive company report
Etain Renewables Limited - one report that includes everything
  • 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
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Brands

Etain Renewables operates one associated brand: ETain Renewables. Each brand links to its own profile.

BrandDescriptionWebsite
Provides commercial and industrial solar PV installation and EPC services.etimmodo.com

Financials of Etain Renewables Limited

FY 2025 filings available

Etain Renewables Limited reported revenue of ₹2,725 (up 24% YoY) for FY 2022.

Revenue · FY 2022
₹2,725 ▲ 24%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▼ 94%
5 years · compounded
▼ 86%

Revenue rose 24% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 86%. 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

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA
Profit Before Tax
Tax Expense
Net Profit (PAT)
Balance Sheet
Share Capital
Reserves and Surplus
Net Worth (Total Equity)
Long-term Borrowings
Short-term Borrowings
Trade Payables
Total Liabilities
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Profitability
EBITDA Margin
Net Profit Margin
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
Efficiency and Growth
Asset Turnover
Receivable Days
Payable Days
Inventory Days
Revenue Growth
Net Profit Growth

To see the full financial statements and ratios of Etain Renewables Limited, buy the company report.

Board of directors of Etain Renewables Limited

Etain Renewables has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anurag Mukesh BhandariDirector06 Jun 201214 Years 4 MonthsCurrent
Jyoti Mukesh BhandariDirector14 Nov 20178 Years 11 MonthsCurrent
Siddharth Mukesh BhandariDirector01 Apr 201115 Years 6 MonthsCurrent

Auditor

Etain Renewables Limited is audited by ASHOK BHOGILAL & CO. for the financial year 2015.

Auditor firmFinancial yearFirm registration number
ASHOK BHOGILAL & CO.FY 2015

Shareholding

The shareholding of Etain Renewables Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2017FY 2016FY 2015
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Etain Renewables Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Etain Renewables Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Etain Renewables has 4 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.

4
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Arjun Solar One Private LimitedU40106GJ2012PTC068767
Arjun Raj Solar One Private LimitedU40106GJ2012PTC070899
Head Spring Energy Tech Private LimitedU40106GJ2012PTC070900
Arjun Green Power Private LimitedU40108GJ2012PTC068773

To see the full group structure of Etain Renewables Limited, buy the company report.

Employees & EPFO

Etain Renewables Limited has a workforce of 4 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.

Employee count
4
Active EPFO establishments
1

GST

Etain Renewables has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AACCE6631N1ZIGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Etain Renewables Limited, buy the company report.

Recent activity

Etain Renewables Limited has 11 board changes on record since 2011: 3 appointments and 8 cessations. The latest: Jyoti Mukesh Bhandari ceased to be Additional Director on 29 Sep 2018.

AGM
Etain Renewables Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Etain Renewables Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Jyoti Mukesh Bhandari ceased to be Additional Director.
Appointed
Jyoti Mukesh Bhandari was appointed as Director.
Ceased
Nagesh Bhanwarlal Bhandari ceased to be Director.
Ceased
Nagesh Bhandari ceased to be Additional Director.
Ceased
Jose Moya ceased to be Director.
Ceased
Maximino Parreno ceased to be Director.
Ceased
Anurag Mukesh Bhandari ceased to be Additional Director.
Appointed
Anurag Mukesh Bhandari was appointed as Director.
Ceased
Jinal Suresh Shah ceased to be Additional Director.
Ceased
Avinash Prakashchandra Bhandari ceased to be Director.

2 earlier events are in the company report.

Frequently asked questions

Etain Renewables is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 01 April 2011 (15+ years old) and is registered under CIN U29100GJ2011PLC064722.

Etain Renewables has 3 current directors:

The latest financial statements of Etain Renewables 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 Etain Renewables is 24AACCE6631N1ZI, registered in Gujarat. 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 Etain Renewables is U29100GJ2011PLC064722. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Etain Renewables was incorporated on 01 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Jyoti Mukesh Bhandari ceased to be Additional Director on 29 Sep 2018. Jyoti Mukesh Bhandari was appointed as Director on 14 Nov 2017. Nagesh Bhanwarlal Bhandari ceased to be Director on 14 Nov 2017. Etain Renewables has 11 board changes on record in total.

Etain Renewables can be reached through the website etimmodo.com. Its registered office is in Ahmedabad, Gujarat, India.

The registered office of Etain Renewables is at A1 Skylark Appartment, Opp. Bima Nagar Satellite Road, Ahmedabad, Gujarat, India – 380015.

Etain Renewables operates in the environment industry, in the solar energy solutions segment.