About Inox Renewable Solutions Limited
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Inox Renewable Solutions Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Inox Wind Energy Limited. It operates in the power epc segment of the energy and power sector. It was incorporated on 21 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2020PLC112187. Its GSTIN is 24AAKCR0349E1ZL (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹186 Cr and a paid-up capital of ₹161.94 Cr. It is led by directors including Nitesh Kumar (Whole-Time Director) and Mukesh Rajnarayan Manglik.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 301 Abs Tower Old Padra Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2025, the company reported a revenue of ₹299.93 Cr, a growth of 39% compared to the previous year. For the same year it recorded a net profit of ₹18.19 Cr (net margin 6.1%) and EBITDA of ₹177.79 Cr (EBITDA margin 59.3%). Revenue has grown at a compounded annual rate (CAGR) of 111% over three years.
The company has about 87 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹550 Cr and satisfied charges of ₹619.2 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 3 cases are pending. The company has 8 deals on record (2 funding rounds, 2 rights issues, 2 debt financings), with disclosed funding of ₹950 Cr; the latest was in August 2025. Its 3 peer companies in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 1 smaller; the largest is Oriano Clean Energy Private Limited with revenue of ₹301.71 Cr. The company has 6 MSME Form 1 returns on record between 2022 and 2024, listing 43 overdue payments to 4 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 inoxwind.com.
Company details
CIN history
Inox Renewable Solutions has one previous CIN (Corporate Identification Number): U40106GJ2020PTC112187. The current CIN is U40106GJ2020PLC112187, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106GJ2020PLC112187 | Current |
| U40106GJ2020PTC112187 | Previous |
Contact details
Inox Renewable Solutions Limited's registered office is in Vadodara, Gujarat.
- Registered Address301 Abs Tower Old Padra Road, Vadodara, Gujarat, India – 390007
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
- 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 Inox Renewable Solutions 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 Inox Renewable Solutions Limited, buy the company report.
Financials of Inox Renewable Solutions Limited
FY 2025 filings availableInox Renewable Solutions Limited reported revenue of ₹299.93 Cr (up 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 111% over three years, including 39% growth in the latest year. EBITDA fell 15% 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 | ₹177.79 Cr | ||||
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| Net Profit (PAT) | ₹18.19 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 | 59.3% | ||||
| Net Profit Margin | 6.1% | ||||
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To see the full financial statements and ratios of Inox Renewable Solutions Limited, buy the company report.
Board of directors and KMP of Inox Renewable Solutions Limited
Inox Renewable Solutions Limited currently reports 5 directors and 2 key managerial personnel. 3 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivam Tandon Also directs: Tempest Wind Energy Private Limited, RTG Developers LLP, Junachay Wind Energy Private Limited and 5 more | Cfo | 01 Feb 2025 | 1 Years 8 Months | Current |
| Heera Lal Also directs: DPM Drive Solutions LLP | Company Secretary | 10 Feb 2024 | 2 Years 8 Months | Current |
| Sanjeev Jain | Additional Director | 14 Nov 2024 | 1 Years 11 Months | Current |
| Mukesh Rajnarayan Manglik Also directs: Inox Wind Limited, Inox Green Energy Services Limited, Marut-Shakti Energy India Limited and 5 more | Director | 21 Jan 2020 | 6 Years 9 Months | Current |
| Venkatesh Sonti Also directs: Inox Neo Energies Limited, Vasuprada Renewables Private Limited, Vuelta Wind Energy Private Limited and 5 more | Director | 29 Nov 2023 | 2 Years 10 Months | Current |
| Nitesh Kumar Also directs: Igrel Mahidad Limited, Giral Bess Private Limited, Igrel Renewables Limited and 5 more | Whole-Time Director | 25 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Inox Renewable Solutions Limited is compared with the 3 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), 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 |
|---|---|---|---|---|---|---|
| Oriano Clean Energy Private Limited | ₹301.71 Cr (FY 2025) | -11.0% | Navi Mumbai, Maharashtra, India | |||
| Ostro Bhesada Wind Private Limited | ₹301.4 Cr (FY 2025) | -76.0% | New Delhi, Delhi, India | |||
| Inox Renewable Solutions Limitedthis company | ₹299.93 Cr (FY 2025) | ₹18.19 Cr | 6.1% | 39.0% | Vadodara, Gujarat, India | |
| Inox Green Energy Services Limited | ₹290.18 Cr (FY 2025) | 11.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Inox Renewable Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2025 | 101122623 | Others | ₹50 Cr | Open | |
| 12 Mar 2025 | 101063400 | Others | ₹100 Cr | Open | |
| 24 Dec 2024 | 101028879 | Others | ₹200 Cr | Open | |
| 02 Aug 2023 | 100769907 | Others | ₹200 Cr | Open | |
| 19 Mar 2025 | 101079653 | Others | ₹50 Cr | Satisfied |
To see the full charge records of Inox Renewable Solutions Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Inox Renewable Solutions Limited has 8 deals on record (2 funding rounds, 2 rights issues, 2 debt financings), with disclosed funding of ₹950 Cr; the latest was in August 2025.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Debt financing | ₹500 Cr | Investors: JM Financial Products Limited , Hdfc Credit Risk Debt Fund, Satya Microcapital Limited |
| Jan 2023 | Funding round | ₹50 Cr | Investors: Inox Wind Limited |
| Dec 2022 | Rights issue | ₹118.5 Cr | Investors: Inox Wind Limited |
| Apr 2022 | Rights issue | ₹100 Cr | Investors: Inox Wind Limited |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Inox Wind Limited Seller: Inox Green Energy Services Limited |
To see the full deal history of Inox Renewable Solutions 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
Inox Renewable Solutions Limited has 6 court cases on record: 3 filed by Inox Renewable Solutions, 3 filed against it. 3 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 0 |
| NCLAT | 3 | 0 | 3 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Cast and Blower Company (Gujarat) Pvt. Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Cast and Blower Company (Gujarat) Private Limited | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Manlift India Private Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed against the company | Disposed |
To see the full case history of Inox Renewable Solutions 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.
MSME payment delays
Inox Renewable Solutions Limited has 6 MSME Form 1 returns on record between 2022 and 2024, listing 43 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Geo Designs and Research Private Limited | |||
| Dewan PN Chopra & Co. | |||
| Archit Electricals Pvt Ltd | |||
| R.B.Traders |
To see the full MSME payment records of Inox Renewable Solutions Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Inox Renewable Solutions has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCR0349E1ZL | Gujarat | Active | 07 Mar 2020 |
| 23AAKCR0349E1ZN | Madhya Pradesh | Active | 12 Nov 2021 |
| 29AAKCR0349E1ZB | Karnataka | Active | 17 Dec 2021 |
| 09AAKCR0349E1ZD | Uttar Pradesh | Active | 07 Apr 2022 |
To see the full GST registrations and return filing status of Inox Renewable Solutions Limited, buy the company report.
Recent activity
Inox Renewable Solutions Limited has 10 board changes on record since 2020: 7 appointments and 3 cessations. The latest: Shivam Tandon was appointed as CFO on 01 Feb 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Inox Renewable Solutions is an active public limited company based in Vadodara, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 21 January 2020 (6+ years old) and is registered under CIN U40106GJ2020PLC112187.
Inox Renewable Solutions has 7 current directors and KMP:
- Nitesh Kumar - Whole-Time Director
- Sanjeev Jain - Additional Director
- Mukesh Rajnarayan Manglik - Director
- Venkatesh Sonti - Director
- Bindu Saxena - Additional Director
- Shivam Tandon - Cfo
- Heera Lal - Company Secretary
The latest financial statements of Inox Renewable Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Inox Renewable Solutions is 24AAKCR0349E1ZL, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 23AAKCR0349E1ZN (Madhya Pradesh), 29AAKCR0349E1ZB (Karnataka), 09AAKCR0349E1ZD (Uttar Pradesh).
The CIN (Corporate Identification Number) of Inox Renewable Solutions is U40106GJ2020PLC112187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inox Renewable Solutions has 6 court cases on record: 3 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Inox Renewable Solutions was incorporated on 21 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Inox Renewable Solutions has 8 deals on record (2 funding rounds, 2 rights issues, 2 debt financings), with disclosed funding of ₹950 Cr; the latest was in August 2025.
The peers of Inox Renewable Solutions by revenue are Oriano Clean Energy Private Limited, Ostro Bhesada Wind Private Limited, Inox Green Energy Services Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution).
Shivam Tandon was appointed as CFO on 01 Feb 2025. Bindu Saxena was appointed as Additional Director on 14 Nov 2024. Sanjeev Jain was appointed as Additional Director on 14 Nov 2024. Inox Renewable Solutions has 10 board changes on record in total.
Inox Renewable Solutions has 6 MSME Form 1 returns on record between 2022 and 2024, listing 43 overdue payments to 4 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Inox Renewable Solutions can be reached through the website inoxwind.com. Its registered office is in Vadodara, Gujarat, India.