About Hindustan Cleanenergy Limited
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Hindustan Cleanenergy Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Hindustan Powerprojects Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 15 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106MP2008PLC085109. Its GSTIN is 07AAFCM8367C1ZD (Delhi).
The company has an authorised share capital of ₹60.09 Cr and a paid-up capital of ₹52.52 Cr. It was formerly known as Moser Baer Clean Energy Limited. It is led by directors including Ravi Kumar (Managing Director) and Kamal Thakurani.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 239 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2023, the company reported a revenue of ₹45.65 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹20.5 Cr (net margin 44.9%) and EBITDA of ₹26.71 Cr (EBITDA margin 58.5%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 34% over five years.
As per MCA filings, the company has open charges of ₹1,872.65 Cr and satisfied charges of ₹2,500.13 Cr on record. Court records list 67 cases involving the company, including 33 filed by the company and 34 filed against it; 5 cases are pending. The company has 18 deals on record (9 secondary share transfers, 8 funding rounds, 1 debt financing), with disclosed funding of ₹2,257.42 Cr; the latest was in October 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hindustancleanenergy.com.
Company details
CIN history
Hindustan Cleanenergy has one previous CIN (Corporate Identification Number): U40106DL2008PLC184260. The current CIN is U40106MP2008PLC085109, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MP2008PLC085109 | Current |
| U40106DL2008PLC184260 | Previous |
Contact details
Hindustan Cleanenergy Limited's registered office is in New Delhi, Delhi.
- Social Media
- Registered Address239 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryEnvironment, Solar Energy Solutions
- 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 Hindustan Cleanenergy is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
Financials of Hindustan Cleanenergy Limited
FY 2023 filings availableHindustan Cleanenergy Limited reported revenue of ₹45.65 Cr (up 1688% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years. EBITDA rose 309% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹26.71 Cr | ||||
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| Net Profit (PAT) | ₹20.5 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 58.5% | ||||
| Net Profit Margin | 44.9% | ||||
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To see the full financial statements and ratios of Hindustan Cleanenergy Limited, buy the company report.
Board of directors of Hindustan Cleanenergy Limited
Hindustan Cleanenergy has 3 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Thakurani Also directs: Basilica Power and Infrastructure Private Limited, Bhaskar Powerstructures Limited, Bhaskar Powergen Limited and 5 more | Director | 20 Jan 2024 | 2 Years 9 Months | Current |
| Varun Kumar Upadhyay | Director | 22 Sep 2022 | 4 Years 1 Months | Current |
| Ravi Kumar | Managing Director | 24 Dec 2024 | 1 Years 10 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Feb 2019 | 100242488 | Others | ₹365.69 Cr | Open | |
| 27 Jul 2018 | 100194926 | Others | ₹200 Cr | Open | |
| 19 May 2018 | 100179889 | Yes Bank Limited | ₹250 Cr | Open | |
| 22 May 2017 | 100100271 | Others | ₹150.39 Cr | Open | |
| 09 Nov 2016 | 100061044 | Others | ₹56.57 Cr | Open |
To see the full charge records of Hindustan Cleanenergy Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Hindustan Cleanenergy Limited has 18 deals on record (9 secondary share transfers, 8 funding rounds, 1 debt financing), with disclosed funding of ₹2,257.42 Cr; the latest was in October 2022.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Powsol Advisoors Limited Seller: Hindustan Power Projects Private Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Seller: Powsol Advisoors Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Seller: Powsol Advisoors Limited |
| May 2016 | Secondary share transfer | Undisclosed | Seller: Powsol Advisoors Limited |
| May 2016 | Secondary share transfer | Undisclosed | Seller: Powsol Advisoors Limited |
To see the full deal history of Hindustan Cleanenergy 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
Hindustan Cleanenergy Limited has 67 court cases on record: 33 filed by Hindustan Cleanenergy, 34 filed against it. 5 cases are pending and 62 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 36 | 18 | 3 |
| High courts | 26 | 12 | 2 |
| Supreme Court | 5 | 4 | 0 |
Cases on record (5 of 67)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Civil suit | Filed by the company against Allcargo Logistics Ltd | Pending |
| High Court | Appeal | Filed by the company against Allcargo Logistics Limited | Disposed |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Allcargo Logistics Ltd | Disposed |
| Supreme Court | Court case (1431-Criminal Matters : Matters challenging prosecution under Negotiable Instruments Act) | Filed against the company by M/S Pyramid Spaces Pvt.Ltd.Tr.Kirti Prem Raj Jain 108, Kashyap Compex,Bpc Road , District: Akota Vadodra ,Vadodara , Gujarat and 1 other | Disposed |
To see the full case history of Hindustan Cleanenergy 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
Hindustan Cleanenergy Limited was last rated by Indiarating on 16 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 16 Mar 2022 |
To see the full credit ratings and regulatory alerts of Hindustan Cleanenergy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hindustan Cleanenergy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hindustan Cleanenergy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCM8367C1ZD | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hindustan Cleanenergy Limited, buy the company report.
Recent activity
Hindustan Cleanenergy Limited has 36 board changes on record since 2011: 5 appointments and 31 cessations. The latest: Ravi Kumar was appointed as Managing Director on 24 Dec 2024.
96 earlier events are in the company report.
News
Frequently asked questions
Hindustan Cleanenergy is an active public limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 15 October 2008 (18+ years old) and is registered under CIN U40106MP2008PLC085109.
Hindustan Cleanenergy has 3 current directors:
- Ravi Kumar - Managing Director
- Kamal Thakurani - Director
- Varun Kumar Upadhyay - Director
The latest financial statements of Hindustan Cleanenergy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Hindustan Cleanenergy is 07AAFCM8367C1ZD, registered in Delhi.
The CIN (Corporate Identification Number) of Hindustan Cleanenergy is U40106MP2008PLC085109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hindustan Cleanenergy has 67 court cases on record: 33 filed by the company and 34 filed against it. 5 are pending. Most are in the district courts.
Hindustan Cleanenergy was incorporated on 15 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
Hindustan Cleanenergy has 18 deals on record (9 secondary share transfers, 8 funding rounds, 1 debt financing), with disclosed funding of ₹2,257.42 Cr; the latest was in October 2022.
Ravi Kumar was appointed as Managing Director on 24 Dec 2024. Kamal Thakurani ceased to be Additional Director on 29 Sep 2024. Kashif Nisar Khan ceased to be Additional Director on 29 Sep 2024. Hindustan Cleanenergy has 36 board changes on record in total.
Hindustan Cleanenergy can be reached through the website hindustancleanenergy.com. Its registered office is in New Delhi, Delhi, India.
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