About Inox Renewables Limited
Data last updated:
Inox Renewables Limited was a public limited company based in Vadodara, Gujarat, India, operated as a subsidiary of Gfl Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power epc segment of the energy and power sector. It was incorporated on 11 November 2010.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40100GJ2010PLC062869. Its GSTIN is 24AACCI4628K1ZJ (Gujarat). The company held 6 GST registrations, all of them active.
The company had an authorised share capital of ₹110.1 Cr and a paid-up capital of ₹3.38 Cr. It was led by directors including Bhupesh Kumar Juneja (Whole-Time Director) and Devansh Jain.
Its last annual general meeting (AGM) was held on 22 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Survey No. 1837 & 1834 At Moje Jetalpur Abs Towers Second Floor Old Padra Road, Vadodara, Gujarat, India – 390007.
As per the financials filed for FY 2020, the company reported a revenue of ₹11.09 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net loss of ₹15.41 Cr (net margin -139%) and EBITDA of ₹2.01 Cr (EBITDA margin 18.1%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 44% over five years.
The company had about 7 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: INOX Renewables. As per MCA filings, the company had satisfied charges of ₹2,682.64 Cr on record. Court records list 30 cases involving the company, including 12 filed by the company and 18 filed against it; 7 cases are pending. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹128.78 Cr; the latest was in March 2017.
The last known website on record is inoxrenewables.com.
Company details
Contact details
Inox Renewables Limited's registered office is in Vadodara, Gujarat. Its website is inoxrenewables.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No. 1837 & 1834 At Moje Jetalpur Abs Towers Second Floor Old Padra Road, Vadodara, Gujarat, India – 390007
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Inox 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
Brands
Inox Renewables operates one associated brand: INOX Renewables. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wind power producing arm of the INOX Group | inoxrenewables.com |
Business activity
The main business activity of Inox 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 Inox Renewables Limited, buy the company report.
Financials of Inox Renewables Limited
FY 2020 filings availableInox Renewables Limited reported revenue of ₹11.09 Cr (down 52% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 52% fall in the latest year. EBITDA fell 80% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.01 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.41 Cr | ||||
| 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.1% | ||||
| Net Profit Margin | -139% | ||||
| 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 | |||||
To see the full financial statements and ratios of Inox Renewables Limited, buy the company report.
Board of directors of Inox Renewables Limited
Inox Renewables has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devansh Jain Also directs: Aryavardhan Trading LLP, Devansh Trademart LLP, Devansh Gases Private Limited and 5 more | Director | 19 May 2011 | 15 Years 5 Months | As last reported |
| Venkatanarayanan Sankaranarayanan | Director | 10 Aug 2016 | 10 Years 2 Months | As last reported |
| Shanti Prashad Jain | Director | 29 May 2014 | 12 Years 5 Months | As last reported |
| Bhupesh Kumar Juneja Also directs: Igrel Renewables Limited, Igrel Mahidad Limited, Marut-Shakti Energy India Limited and 5 more | Whole-Time Director | 19 May 2011 | 15 Years 5 Months | As last reported |
| Vivek Kumar Jain Also directs: Gujarat Fluorochemicals Limited, Aryavardhan Trading LLP, Devansh Trademart LLP and 5 more | Director | 11 Nov 2010 | 15 Years 11 Months | As last reported |
| Pavan Kumar Jain | Director | 11 Nov 2010 | 15 Years 11 Months | As last reported |
Auditor
Inox Renewables Limited is audited by DEWAN P N CHOPRA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEWAN P N CHOPRA & CO | FY 2019 | 000472N |
Shareholding
The shareholding of Inox Renewables Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Inox Renewables Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2013 | 10471006 | Idbi Trusteeship Services Limited | ₹275 Cr | Satisfied | |
| 25 Jul 2013 | 10466886 | Icici Bank Limited | ₹880.96 Cr | Satisfied | |
| 01 Jul 2013 | 10436843 | Icici Bank Limited | ₹694 Cr | Satisfied | |
| 28 Jun 2013 | 10439099 | Others | ₹50 Cr | Satisfied | |
| 22 Dec 2012 | 10395893 | Icici Bank Limited | ₹450.9 Cr | Satisfied |
To see the full charge records of Inox Renewables Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Inox Renewables Limited has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹128.78 Cr; the latest was in March 2017.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Acquisition | Undisclosed | Buyer: Leap Green Energy Private Limited Seller: Inox Renewables Limited |
| Jul 2014 | Funding round | ₹125.78 Cr | Investors: GFL Limited |
| Mar 2012 | Funding round | ₹3 Cr | Investors: GFL Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Inox Renewables Limited has 30 court cases on record: 12 filed by Inox Renewables, 18 filed against it. 7 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 12 | 6 |
| District courts | 7 | 6 | 0 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Vestas Wind Technology India Private Limited | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Vestas Wind Technology India Private Limited. | Pending |
| Bombay High Court | Court case (CHSCD) | Filed by the company against Vestas Wind Technology India Private Limited. | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by M/S Hero Wind Energy Private Limited | Disposed |
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Vestas Wind Technology India Private Limited | Disposed |
To see the full case history of Inox 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Inox Renewables Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Inox Renewables Limited has a workforce of 7 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Inox Renewables has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCI4628K1ZJ | Gujarat | Active | 01 Jul 2017 |
| 08AACCI4628K1ZD | Rajasthan | Active | 01 Jul 2017 |
| 23AACCI4628K1ZL | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AACCI4628K1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Inox Renewables Limited, buy the company report.
Recent activity
Inox Renewables Limited has 13 board changes on record since 2010: 6 appointments and 7 cessations. The latest: Deepak Ranjit Asher ceased to be Director on 01 Apr 2019.
19 earlier events are in the company report.
Frequently asked questions
Inox Renewables has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Inox Renewables was a public limited company based in Vadodara, Gujarat, India. The company worked in power epc, within the energy and power industry. It was incorporated on 11 November 2010 and is registered under CIN U40100GJ2010PLC062869. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Inox Renewables was incorporated on 11 November 2010. It is registered with the Registrar of Companies, Ahmedabad.
Inox Renewables had 6 directors:
- Bhupesh Kumar Juneja - Whole-Time Director
- Devansh Jain - Director
- Venkatanarayanan Sankaranarayanan - Director
- Shanti Prashad Jain - Director
- Vivek Kumar Jain - Director
- Pavan Kumar Jain - Director
The CIN (Corporate Identification Number) of Inox Renewables is U40100GJ2010PLC062869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Inox Renewables is at Survey No. 1837 & 1834 At Moje Jetalpur Abs Towers Second Floor Old Padra Road, Vadodara, Gujarat, India – 390007.
Inox Renewables can be reached through the website inoxrenewables.com. Its registered office is in Vadodara, Gujarat, India.
The latest financial statements of Inox Renewables on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 22 September 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Inox Renewables is 24AACCI4628K1ZJ, registered in Gujarat. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 08AACCI4628K1ZD (Rajasthan), 23AACCI4628K1ZL (Madhya Pradesh), 27AACCI4628K1ZD (Maharashtra).
Inox Renewables operated in the energy and power industry, in the power epc segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
