About Inox Wind Energy Limited
Data last updated:
Inox Wind Energy Limited was a public limited company based in Una, Himachal Pradesh, India, operated as a subsidiary of Inox Leasing And Finance 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 wind energy solutions segment of the environmental services sector. It was incorporated on 06 March 2020.
The company was registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN L40106HP2020PLC010065. Its GSTIN is 27AAFCI6084A1ZP (Maharashtra). It is recorded as listed by MCA, but its shares were delisted from BSE on 16 Jan 2026 · merger, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹110.11 Cr and a paid-up capital of ₹12.05 Cr. It was led by directors including Kallol Chakraborty (Whole-Time Director) and Devansh Jain.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Una, Himachal Pradesh.
As per the financials filed for FY 2022, the company reported a revenue of ₹129.66 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹331.97 Cr (net margin -256%) and EBITDA of -₹142.91 Cr (EBITDA margin -110.2%).
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 29 subsidiaries.
The company was associated with 1 brand: lnox Wind Energy. As per MCA filings, the company had open charges of ₹160 Cr and satisfied charges of ₹325 Cr on record. Court records list 16 cases involving the company, including 8 filed by the company and 8 filed against it; 4 cases are pending. The company has 7 deals on record (4 market trades, 3 funding rounds), with disclosed funding of ₹2,089.95 Cr; the latest was in August 2024.
The last known website on record is iwel.co.in.
Company details
CIN history
Inox Wind Energy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106HP2020PLC010065, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106HP2020PLC010065 | Current |
| U40106GJ2020PLC113100 | Previous |
| L40106GJ2020PLC113100 | Previous |
Contact details
Inox Wind Energy Limited's registered office is in Una, Himachal Pradesh. Its website is iwel.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 1 Khasra Nos. 264 To 267, Industrial Area, Una, Himachal Pradesh, India – 174303
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Inox Wind Energy 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 Wind Energy operates one associated brand: lnox Wind Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy production services are provided in the wind sector. | iwel.co.in |
Business activity
The main business activity of Inox Wind Energy 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 Wind Energy Limited, buy the company report.
Financials of Inox Wind Energy Limited
FY 2024 filings availableInox Wind Energy Limited reported revenue of ₹129.66 Cr (down 7% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA fell 3% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹129.66 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹142.91 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹331.97 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 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -110.2% | ||
| Net Profit Margin | -256% | ||
| 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 Wind Energy Limited, buy the company report.
Board of directors of Inox Wind Energy Limited
Inox Wind Energy has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kallol Chakraborty Also directs: Igrel Holdings Limited | Whole-Time Director | 03 Dec 2022 | 3 Years 10 Months | As last reported |
| Devansh Jain | Director | 26 Feb 2021 | 5 Years 8 Months | As last reported |
| Vanita Bhargava Also directs: Gujarat Fluorochemicals Limited, GFCL EV Products Limited, Pilani Investment and Industries Corporation Limited and 1 more | Director | 06 Mar 2020 | 6 Years 7 Months | As last reported |
| Vivek Kumar Jain Also directs: Aryavardhan Trading LLP, Devansh Trademart LLP, Gujarat Fluorochemicals Limited and 5 more | Director | 06 Mar 2020 | 6 Years 7 Months | As last reported |
| Sanjeev Jain Also directs: Inox Wind Limited, Inox Green Energy Services Limited, Inox Renewable Solutions Limited and 1 more | Director | 01 Apr 2024 | 2 Years 6 Months | As last reported |
Auditor
Inox Wind Energy Limited is audited by Dewan P. N. Chopra & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dewan P. N. Chopra & Co. | FY 2022 | 000472N |
Shareholding
The shareholding of Inox Wind Energy Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Inox Wind Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2024 | 100916651 | Others | ₹100 Cr | Satisfied | |
| 15 Feb 2024 | 100874793 | Others | ₹160 Cr | Satisfied | |
| 10 Jul 2023 | 100772545 | Others | ₹25 Cr | Satisfied | |
| 15 Feb 2022 | 100544343 | Others | ₹5 Cr | Satisfied | |
| 15 Feb 2022 | 100544450 | Others | ₹12.7 Cr | Satisfied |
To see the full charge records of Inox Wind Energy Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Inox Wind Energy Limited has 7 deals on record (4 market trades, 3 funding rounds), with disclosed funding of ₹2,089.95 Cr; the latest was in August 2024.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Market trade | ₹14.89 Cr | Buyer: India Opportunities Growth Fund Ltd - Pinewood Strategy Seller: Anjana Projects Private Limited |
| Jul 2024 | Funding round | ₹900 Cr | |
| Jun 2024 | Market trade | ₹28.68 Cr | Buyer: India Opportunities Growth Fund Ltd Pinewood Strategy Seller: Anjana Projects Private Limited |
| Jan 2022 | Funding round | ₹89.95 Cr | Investors: Devansh Trademart LLP , Anjana Projects Private Limited |
| Sep 2021 | Market trade | ₹64.38 Cr | Buyer: an individual Seller: Inox Chemicals LLP , Siddho Mal Trading LLP |
To see the full deal history of Inox Wind Energy 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 Wind Energy Limited has 16 court cases on record: 8 filed by Inox Wind Energy, 8 filed against it. 4 cases are pending and 12 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 2 | 4 |
| District courts | 3 | 3 | 0 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against Rajasthan Rajya Vidyut Prasaran Nigam Limited | Pending |
| High Court | Writ petition | Filed by the company against Rajasthan Rajya Vidyut Prasaran Nigam Limited and 1 other | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed against the company by Leap Green Energy Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Assistant Commissioner of Income Tax , Circle 1( | Pending |
| District court, South, Delhi | Interim or miscellaneous application | Filed against the company | Disposed |
To see the full case history of Inox Wind Energy 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 Wind Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Inox Wind Energy has 29 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Inox Wind Limited | L31901HP2009PLC031083 | |
| Marut-Shakti Energy India Limited | U04010GJ2000PLC083233 | |
| Satviki Energy Private Limited | U40100AP2013PTC089795 | |
| Wind Five Renergy Limited | U40100GJ2017PLC096973 | |
| Vasuprada Renewables Private Limited | U40100GJ2017PTC097130 | |
| RBRK Investments Limited | U40100TG2005PLC047851 |
To see the full group structure of Inox Wind Energy Limited, buy the company report.
Employees & EPFO
Inox Wind Energy Limited has a workforce of 2 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Inox Wind Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCI6084A1ZP | Maharashtra | Active | 04 Oct 2021 |
To see the full GST registrations and return filing status of Inox Wind Energy Limited, buy the company report.
Recent activity
Inox Wind Energy Limited has 18 board changes on record since 2020: 12 appointments and 6 cessations. The latest: Shivam Tandon ceased to be CFO on 01 Feb 2025.
23 earlier events are in the company report.
News
Frequently asked questions
Inox Wind Energy 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 Wind Energy was a public limited company based in Una, Himachal Pradesh, India. The company worked in wind energy solutions, within the environment industry. It was incorporated on 06 March 2020 and is registered under CIN L40106HP2020PLC010065. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Inox Wind Energy was incorporated on 06 March 2020. It is registered with the Registrar of Companies, Himachal Pradesh.
Inox Wind Energy had 5 directors:
- Kallol Chakraborty - Whole-Time Director
- Devansh Jain - Director
- Vanita Bhargava - Director
- Vivek Kumar Jain - Director
- Sanjeev Jain - Director
The CIN (Corporate Identification Number) of Inox Wind Energy is L40106HP2020PLC010065. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inox Wind Energy is recorded as a listed company by MCA, but its shares were delisted from BSE on 16 Jan 2026 · merger, and no longer trade on a stock exchange.
The registered office of Inox Wind Energy is at Plot No. 1 Khasra Nos. 264 To 267, Industrial Area, Una, Himachal Pradesh, India – 174303.
Inox Wind Energy can be reached through the website iwel.co.in. Its registered office is in Una, Himachal Pradesh, India.
The latest financial statements of Inox Wind Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Inox Wind Energy is 27AAFCI6084A1ZP, registered in Maharashtra.