Innovative Renewable Energy Developers Private Limited
About Innovative Renewable Energy Developers Private Limited
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Innovative Renewable Energy Developers Private Limited is a private limited company based in Visakhapatnam, Andhra Pradesh, India, recognised as a startup by DPIIT. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 30 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U74999AP2016PTC104190. Its GSTIN is 37AAECI2767F1ZH (Andhra Pradesh).
The company has an authorised share capital of ₹14 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajesh Varma Bhupatiraju and Janaki Kuccherlapati.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D No. 1 – 83 – 27 1st Floor Mig – 54 Sector – V M.V.P Colony, Visakhapatnam, Andhra Pradesh, India – 530017.
As per the financials filed for FY 2020, the company reported a revenue of ₹3.12 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹39,702 (net margin 0.1%) and EBITDA of -₹15.17 Lakh (EBITDA margin -4.9%). Revenue has grown at a compounded annual rate (CAGR) of 166% over three years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹50 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressD No. 1 – 83 – 27 1st Floor Mig – 54 Sector – V M.V.P Colony, Visakhapatnam, Andhra Pradesh, India – 530017
- 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
- One PDF report, delivered after checkout
Financials of Innovative Renewable Energy Developers Private Limited FY 2024 filings available
Innovative Renewable Energy Developers Private Limited reported revenue of ₹3.12 Cr (down 26% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Innovative Renewable Energy Developers Private Limited
Revenue fell 26% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 166%. 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 of Innovative Renewable Energy Developers Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹3.12 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹15.17 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39,702 | •••• | •••• | •••• |
| 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 of Innovative Renewable Energy Developers Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -4.9% | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Innovative Renewable Energy Developers are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Innovative Renewable Energy Developers Private Limited
Innovative Renewable Energy Developers Private Limited is audited by B K K & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B K K & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Innovative Renewable Energy Developers Private Limited
Innovative Renewable Energy Developers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Varma Bhupatiraju Also directs: Rajagopal Constructions Private Limited | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Janaki Kuccherlapati Also directs: Mavulla IT Services Private Limited | Director | 21 Jul 2020 | 6 Years 2 Months | Current |
Ownership and Shareholding of Innovative Renewable Energy Developers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Innovative Renewable Energy Developers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2017 | Idbi Bank Limited | ₹50 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Innovative Renewable Energy Developers Private Limited
Innovative Renewable Energy Developers Private Limited has a workforce of 25 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Innovative Renewable Energy Developers Private Limited
Innovative Renewable Energy Developers Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Majji Venkatesh ceased to be Director on 10 Jul 2021.
Credit Ratings, Litigation & Regulatory Alerts for Innovative Renewable Energy Developers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Innovative Renewable Energy Developers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Innovative Renewable Energy Developers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Innovative Renewable Energy Developers Private Limited
Innovative Renewable Energy Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAECI2767F1ZH | Andhra Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Innovative Renewable Energy Developers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Innovative Renewable Energy Developers Private Limited
Innovative Renewable Energy Developers is an active private limited company based in Visakhapatnam, Andhra Pradesh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 30 September 2016 (10+ years old) and is registered under CIN U74999AP2016PTC104190.
Innovative Renewable Energy Developers reported revenue of ₹3.12 Cr for FY 2020 (down 26% YoY).
Innovative Renewable Energy Developers has 2 current directors:
- Rajesh Varma Bhupatiraju - Director
- Janaki Kuccherlapati - Director
Innovative Renewable Energy Developers reported a net profit of ₹39,702 (net margin 0.1%) and EBITDA of -₹15.17 Lakh (EBITDA margin -4.9%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Innovative Renewable Energy Developers is 166% over three years. In the latest year (FY 2020) revenue fell 26%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Innovative Renewable Energy Developers is 37AAECI2767F1ZH, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Innovative Renewable Energy Developers is U74999AP2016PTC104190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innovative Renewable Energy Developers was incorporated on 30 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Vijayawada.
Majji Venkatesh ceased to be Director on 10 Jul 2021. Janaki Kuccherlapati was appointed as Director on 21 Jul 2020. Rajesh Varma Bhupatiraju was appointed as Director on 30 Sep 2016.
Yes, Innovative Renewable Energy Developers is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).