About Heramba Renewables Limited
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Heramba Renewables Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ostro Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 03 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40100GJ2015PLC083751.
The company has an authorised share capital of ₹18.6 Cr and a paid-up capital of ₹9.33 Cr. It was formerly known as Heramba Wind Energy Limited. It is led by directors including Bharat Bahl and Rahul Dwivedi.
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.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.06 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹4.5 Cr (net margin 16.6%) and EBITDA of ₹22.89 Cr (EBITDA margin 84.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
As per MCA filings, the company has open charges of ₹750 Cr and satisfied charges of ₹474.8 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in May 2019. Its 7 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 4 smaller; the largest is Photon Ultrawave Private Limited with revenue of ₹27.34 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website renew.com.
Company details
Contact details
Heramba Renewables Limited's registered office is in Ahmedabad, Gujarat. Its website is renew.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 1304 Empire Business Hub, Science City Road Near Shukan Mall, Ahmedabad, Gujarat, India – 380060
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Heramba Renewables 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 Heramba Renewables 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 Heramba Renewables Limited, buy the company report.
Financials of Heramba Renewables Limited
FY 2025 filings availableHeramba Renewables Limited reported revenue of ₹27.06 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 3% growth in the latest year. EBITDA fell 1% 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 | ₹22.89 Cr | ||||
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| Net Profit (PAT) | ₹4.5 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 | 84.6% | ||||
| Net Profit Margin | 16.6% | ||||
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To see the full financial statements and ratios of Heramba Renewables Limited, buy the company report.
Board of directors of Heramba Renewables Limited
Heramba Renewables has 3 current directors and 22 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Dwivedi Also directs: Aalok Solarfarms Limited, Ostro Dakshin Power Private Limited, Renew Solar Services Private Limited and 5 more | Additional Director | 14 Apr 2025 | 1 Years 6 Months | Current |
| Bharat Bahl Also directs: Kanak Renewables Limited, Prathamesh Solarfarms Limited, Ostro Energy Private Limited and 5 more | Director | 28 Mar 2018 | 8 Years 6 Months | Current |
| Kailash Chandra Pandey Also directs: Prathamesh Solarfarms Limited, Abha Solarfarms Limited, Aalok Solarfarms Limited and 5 more | Additional Director | 02 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Heramba Renewables Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Photon Ultrawave Private Limited | ₹27.34 Cr (FY 2024) | 1.0% | New Delhi, Delhi, India | |||
| Talettutayi Solar Projects One Private Limited | ₹27.3 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India | |||
| Photon Sunbeam Private Limited | ₹27.2 Cr (FY 2024) | 0.0% | New Delhi, Delhi, India | |||
| Heramba Renewables Limitedthis company | ₹27.06 Cr (FY 2025) | ₹4.5 Cr | 16.6% | 3.0% | Ahmedabad, Gujarat, India | |
| Avaada Sustainable Energy Private Limited | ₹26.87 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Ujjvalatejas Solaire Urja Private Limited | ₹26.72 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India | |||
| Ujjawala Power Private Limited | ₹26.69 Cr (FY 2025) | -4.0% | Ahmedabad, Gujarat, India | |||
| Solairedirect Projects India Private Limited | ₹26.68 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Heramba Renewables Limited, buy the company report.
Auditor
Heramba Renewables Limited is audited by S.R. Batliboi & CO. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & CO. LLP | FY 2022 | 301003E/E300005 |
Shareholding
The shareholding of Heramba Renewables Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Heramba Renewables Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2024 | 101149839 | Others | ₹750 Cr | Open | |
| 17 May 2022 | 100580352 | Others | ₹117.24 Cr | Satisfied | |
| 28 Oct 2021 | 100493168 | Others | ₹123.33 Cr | Satisfied | |
| 17 Mar 2021 | 100429951 | Others | ₹123.33 Cr | Satisfied | |
| 16 May 2017 | 100099014 | Others | ₹110.9 Cr | Satisfied |
To see the full charge records of Heramba Renewables Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Heramba Renewables Limited has 1 deal on record (1 acquisition); the latest was in May 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Acquisition | ₹19.73 Cr | Buyer: Ostro Energy Private Limited Seller: Suzlon Energy Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Heramba Renewables Limited has 1 court case on record: 1 filed by Heramba Renewables. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Rajasthan | Writ petition | Filed by the company against Rajasthan Renewable Energy Corporation Limited and 3 others | Pending |
To see the full case history of Heramba Renewables 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
Heramba Renewables Limited was last rated by Care on 05 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Jan 2022 |
To see the full credit ratings and regulatory alerts of Heramba Renewables Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Heramba Renewables 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 Heramba Renewables Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Heramba Renewables Limited has 26 board changes on record since 2015: 5 appointments and 21 cessations. The latest: Kailash Chandra Pandey was appointed as Additional Director on 02 May 2025.
28 earlier events are in the company report.
Frequently asked questions
Heramba 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 03 July 2015 (11+ years old) and is registered under CIN U40100GJ2015PLC083751.
Heramba Renewables has 3 current directors:
- Rahul Dwivedi - Additional Director
- Bharat Bahl - Director
- Kailash Chandra Pandey - Additional Director
The latest financial statements of Heramba 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 FY 2016 are in the company report.
The CIN (Corporate Identification Number) of Heramba Renewables is U40100GJ2015PLC083751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heramba Renewables has 1 court case on record: 1 filed by the company. 1 is pending.
Heramba Renewables was incorporated on 03 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Heramba Renewables has 1 deal on record (1 acquisition); the latest was in May 2019.
The peers of Heramba Renewables by revenue are Photon Ultrawave Private Limited, Talettutayi Solar Projects One Private Limited, Photon Sunbeam Private Limited, Avaada Sustainable Energy Private Limited, Ujjvalatejas Solaire Urja Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Kailash Chandra Pandey was appointed as Additional Director on 02 May 2025. Rahul Dwivedi was appointed as Additional Director on 14 Apr 2025. Sumitananda Roy ceased to be Additional Director on 29 Sep 2023. Heramba Renewables has 26 board changes on record in total.
Heramba Renewables can be reached through the website renew.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Heramba Renewables is at A – 1304 Empire Business Hub, Science City Road Near Shukan Mall, Ahmedabad, Gujarat, India – 380060.