About Hinduja Renewables Private Limited
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Hinduja Renewables Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hinduja Renewables Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 14 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2013PTC244506. Its GSTIN is 33AALCA7384B1ZR (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹16.5 Cr and a paid-up capital of ₹16.11 Cr. It was formerly known as Ashok Developers Private Limited. It is led by directors including Natarajan Chandrasekaran and Vishin Ghanshamdas Gurnani.
Its last annual general meeting (AGM) was held on 29 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 financials filed for FY 2025, the company reported a revenue of ₹13.83 Cr. For the same year it recorded a net profit of ₹2.22 Cr (net margin 16.1%) and EBITDA of ₹10.41 Cr (EBITDA margin 75.3%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 15% over five years.
The company has about 1 employee on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Hinduja Renewables. As per MCA filings, the company has open charges of ₹240 Cr and satisfied charges of ₹52.17 Cr on record. The company has 6 deals on record (3 rights issues, 2 secondary share transfers, 1 acquisition); the latest was in January 2021. Its 6 peer companies in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 2 smaller; the largest is Fpel Urja Private Limited with revenue of ₹14.3 Cr. The company has 15 MSME Form 1 returns on record between 2018 and 2024, listing 69 overdue payments to 8 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 hindujarenewables.com.
Company details
CIN history
Hinduja Renewables has one previous CIN (Corporate Identification Number): U70102MH2013PTC244506. The current CIN is U40100MH2013PTC244506, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100MH2013PTC244506 | Current |
| U70102MH2013PTC244506 | Previous |
Contact details
Hinduja Renewables Private Limited's registered office is in Mumbai, Maharashtra. Its website is hindujarenewables.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No 1 Ground Floor Boston House, Suren Road Off. Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Hinduja Renewables 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
Brands
Hinduja Renewables operates one associated brand: Hinduja Renewables. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and operates solar energy projects using RESCO, Open Access, and Group Captive models in India. | hindujarenewables.com |
Business activity
The main business activity of Hinduja 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 Hinduja Renewables Private Limited, buy the company report.
Financials of Hinduja Renewables Private Limited
FY 2025 filings availableHinduja Renewables Private Limited reported revenue of ₹13.83 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years. 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 | ₹10.41 Cr | ||||
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| Net Profit (PAT) | ₹2.22 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 | 75.3% | ||||
| Net Profit Margin | 16.1% | ||||
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To see the full financial statements and ratios of Hinduja Renewables Private Limited, buy the company report.
Board of directors of Hinduja Renewables Private Limited
Hinduja Renewables has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Natarajan Chandrasekaran Also directs: Hinduja Renewables One Private Limited, Hinduja Rooftop Private Limited, Hinduja Renewables Two Private Limited and 5 more | Director | 14 Mar 2016 | 10 Years 7 Months | Current |
| Vishin Ghanshamdas Gurnani Also directs: Hinduja Renewables One Private Limited, Hinduja Rooftop Private Limited, Hinduja Renewables Two Private Limited and 5 more | Director | 14 Jun 2013 | 13 Years 4 Months | Current |
| Deepaksingh Chandrasingh Thakur Also directs: Hinduja Renewables One Private Limited, Hinduja Rooftop Private Limited, Hinduja Renewables Two Private Limited and 5 more | Additional Director | 23 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Hinduja Renewables Private Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Power Projects), 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 |
|---|---|---|---|---|---|---|
| Fpel Urja Private Limited | ₹14.3 Cr (FY 2025) | 6.0% | Hyderabad, Telangana, India | |||
| Royal Power Turnkey Implements Private Limited | ₹14.12 Cr (FY 2025) | -8.0% | Pune, Maharashtra, India | |||
| Viviid Emissions Reductions Universal Private Limited | ₹14.1 Cr (FY 2025) | 52.0% | Mumbai, Maharashtra, India | |||
| Shree Maruti Green Energy Private Limited | ₹13.88 Cr (FY 2025) | 10229.0% | Ahmedabad, Gujarat, India | |||
| Hinduja Renewables Private Limitedthis company | ₹13.83 Cr (FY 2025) | ₹2.22 Cr | 16.1% | 1 | Mumbai, Maharashtra, India | |
| Warasgaon Power Supply Limited | ₹13.68 Cr (FY 2016) | Mumbai, Maharashtra, India | ||||
| Agog Power Projects Private Limited | ₹12.89 Cr (FY 2024) | 56.0% | Vidisha, Madhya Pradesh, India |
To see the full peer comparison of Hinduja Renewables Private Limited, buy the company report.
Auditor
Hinduja Renewables Private Limited is audited by S R B C & Co Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & Co Llp | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Hinduja Renewables 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Hinduja Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2023 | 100688237 | Idbi Trusteeship Services Limited | ₹240 Cr | Open | |
| 17 Sep 2020 | 100374902 | State Bank of India | ₹17.47 Cr | Satisfied | |
| 09 Oct 2019 | 100298610 | State Bank of India | ₹13.88 Cr | Satisfied | |
| 11 Apr 2017 | 100091073 | State Bank of India | ₹20.82 Cr | Satisfied |
To see the full charge records of Hinduja Renewables Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Hinduja Renewables Private Limited has 6 deals on record (3 rights issues, 2 secondary share transfers, 1 acquisition); the latest was in January 2021.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Rights issue | ₹3.01 Cr | Investors: Hinduja Renewables Energy Private Limited |
| Sep 2019 | Rights issue | ₹9.57 Cr | Investors: Hinduja Renewables Energy Private Limited |
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: Hinduja Renewables Energy Private Limited Seller: Hinduja Group Limited |
| Nov 2016 | Rights issue | ₹3.52 Cr | Investors: Hinduja Group Limited |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Hinduja Group Limited Seller: Hinduja Group |
To see the full deal history of Hinduja Renewables 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 Hinduja Renewables 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
Hinduja Renewables Private Limited was last rated by Crisil on 30 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Sep 2020 |
To see the full credit ratings and regulatory alerts of Hinduja Renewables Private Limited, buy the company report.
MSME payment delays
Hinduja Renewables Private Limited has 15 MSME Form 1 returns on record between 2018 and 2024, listing 69 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suresh Surana & Associates LLP | |||
| Geone Solar Private Limited | |||
| Meera Corporation | |||
| Prozeal Green Energy Limited | |||
| Solaramc Services Private Limited |
To see the full MSME payment records of Hinduja Renewables Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Hinduja Renewables has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Hinduja Rooftop Private Limited | U40107MH2020PTC341114 |
To see the full group structure of Hinduja Renewables Private Limited, buy the company report.
Employees & EPFO
Hinduja Renewables Private Limited has a workforce of 1 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Hinduja Renewables has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCA7384B1ZR | Tamil Nadu | Active | 01 Jul 2017 |
| 08AALCA7384B1ZK | Rajasthan | Active | 04 Jan 2019 |
To see the full GST registrations and return filing status of Hinduja Renewables Private Limited, buy the company report.
Recent activity
Hinduja Renewables Private Limited has 15 board changes on record since 2013: 4 appointments and 11 cessations. The latest: Deepaksingh Chandrasingh Thakur was appointed as Additional Director on 23 Sep 2025.
13 earlier events are in the company report.
News
Frequently asked questions
Hinduja Renewables 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 June 2013 (13+ years old) and is registered under CIN U40100MH2013PTC244506.
Hinduja Renewables has 3 current directors:
- Natarajan Chandrasekaran - Director
- Vishin Ghanshamdas Gurnani - Director
- Deepaksingh Chandrasingh Thakur - Additional Director
The latest financial statements of Hinduja Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Hinduja Renewables is 33AALCA7384B1ZR, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AALCA7384B1ZK (Rajasthan).
The CIN (Corporate Identification Number) of Hinduja Renewables is U40100MH2013PTC244506. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hinduja Renewables was incorporated on 14 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Hinduja Renewables has 6 deals on record (3 rights issues, 2 secondary share transfers, 1 acquisition); the latest was in January 2021.
The peers of Hinduja Renewables by revenue are Fpel Urja Private Limited, Royal Power Turnkey Implements Private Limited, Viviid Emissions Reductions Universal Private Limited, Shree Maruti Green Energy Private Limited, Warasgaon Power Supply Limited and 1 more, all in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution).
Deepaksingh Chandrasingh Thakur was appointed as Additional Director on 23 Sep 2025. Sumit Pandey ceased to be Additional Director on 17 Aug 2023. Sumit Pandey was appointed as Director on 02 May 2023. Hinduja Renewables has 15 board changes on record in total.
Hinduja Renewables has 15 MSME Form 1 returns on record between 2018 and 2024, listing 69 overdue payments to 8 micro and small suppliers. The latest return was filed on 01 May 2024.
Hinduja Renewables can be reached through the website hindujarenewables.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Hinduja Renewables is at Unit No 1 Ground Floor Boston House, Suren Road Off. Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400093.
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