Karma Energy Limited - Company Profile

It is a environment public limited company based in Mumbai, Maharashtra, India, established in 2007.

2007 Mumbai, Maharashtra, India Active

Last Updated: December 30, 2025

About Karma Energy Limited

Karma Energy Limited, a active public limited company, was established on 15 March 2007 in Mumbai, Maharashtra, India. Engaging in wind energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: L31101MH2007PLC168823. Registered under ROC Roc Mumbai. it is listed on BSE: 533451 and NSE: KARMAENG. It has an authorized capital of ₹18.00 Cr and a paid-up capital of ₹11.57 Cr.

Formerly known as Karma Wind Power Limited, Karma Wind Power Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹18.06 Cr and a net worth of ₹38.47 Cr. Employing 33 professional, Its leadership includes Smita Vinesh Davda (Director), Hitesh Vrajlal Siraj (Director), Neelkamal Vrajlal Siraj (Director). Past directors included Ganesh Narasimha Kamath, Vinesh Narandas Davda, Smita Vinesh Davda. It holds ₹1.08 Cr open charges and ₹130.66 Cr settled loans. Its latest AGM occurred on 25 September 2025, with the balance sheet filed on 31 March 2025. It is based at 214, Empire House, Dr. D. N. Road Ent. A. K. Nayak Marg, Fort, Mumbai, Maharashtra, 400001.

Company Details

CIN/LLPIN
L31101MH2007PLC168823
Registration Number
168823
Incorporation Date
15 March 2007
Authorized Capital
₹18.00 Cr
Paid-Up Capital
₹11.57 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 533451, NSE: KARMAENG)
Company Status
Active

Key Metrics

Authorised Capital ₹ 18.00 Cr as on 30-12-2025
Paid Up Capital ₹ 11.57 Cr as on 30-12-2025
Company Age 18 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1.08 Cr as on 30-12-2025
Satisfied Charges ₹ 130.66 Cr as on 30-12-2025
Revenue Growth **** -36.59% (FY 2023)
Profit Growth **** 377.03% (FY 2023)
Ebitda **** 331.79% (FY 2023)
Net Worth 27.34% (FY 2023)
Total Assets -12.51% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Karma Energy Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Karma Energy Limited?

Current Directors

Name	Designation	Appointment Date	Status
Smita Vinesh Davda	Director	20 Mar 2015	Current
Hitesh Vrajlal Siraj	Director	25 Oct 2024	Current
Neelkamal Vrajlal Siraj	Director	26 Aug 2010	Current
Balady Shekar Shetty	Director	24 May 2017	Current
Dharmendra Gulabchand Siraj	Director	26 Aug 2010	Current
Chetan Durgadas Mehra	Director	15 Mar 2007	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	01 Dec 2010	Past
Pramod Abcsdd	Additional Director	30 Sep 2011	Past
Pramod Abcsdd	Director	06 Aug 2018	Past
Pramod Abcsdd	Additional Director	30 Dec 2024	Past
Pramod Abcsdd	Additional Director	30 Sep 2010	Past
Pramod Abcsdd	Director	17 Nov 2017	Past

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Financial Performance of Karma Energy.

Karma Energy Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 36.59% decrease. The company also saw a substantial improvement in profitability, with a 377.03% increase in profit. The company's net worth Soared by an impressive increase of 27.34%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-36.59%

*******

Revenue from Operations

*******

-42.89%

*******

Total Assets

*******

-12.51%

*******

Profit or Loss

*******

377.03%

*******

Net Worth

*******

27.34%

*******

EBITDA

*******

331.79%

*******

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What is the Ownership and Shareholding Structure of Karma Energy?

In 2023, Karma Energy had a promoter holding of 74.70% and a public holding of 25.30%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹10,800,000.00

Satisfied Charges

₹1,306,621,800.00

Charges Breakdown by Lending Institutions

Others : 1.08 Cr

Latest Charge Details

Date	Lender	Amount	Status
30 Dec 2024	Others	₹1.08 Cr	Open
02 May 2019	Hdfc Bank Limited	₹5.26 Cr	Satisfied
28 Mar 2018	Hdfc Bank Limited	₹41.00 Cr	Satisfied
14 Oct 2014	The Saraswat Co-Operative Bank Limited	₹1.47 M	Satisfied
15 Jun 2011	The Saraswat Co-Operative Bank Ltd.	₹0.85 M	Satisfied

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How Many Employees Work at Karma Energy?

Karma Energy has a workforce of 33 employees as of Mar 23, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Karma Energy, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Karma Energy's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Karma Energy

Recent Activity within the Organization

Annual General Meeting

Karma Energy Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records. was recorded as a recent event.
25 Sep 2025
Balance Sheet

Progress on Karma Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.
31 Mar 2025
Charges

Progress on A charge with Others amounted to Rs. 1.08 Cr with Charge ID 101035355 was registered on 30 Dec 2024. was documented.
30 Dec 2024
Director Appointment

The activity Hitesh Vrajlal Siraj was appointed as a Director was appointed as a Director on 25 Oct 2024 & has been associated with this company since 1 year 3 months . was completed.
25 Oct 2024
Charges

Progress on A charge registered on 28 Mar 2018 via Charge ID 100167823 with Hdfc Bank Limited was fully satisfied on 13 Jan 2023. was documented.
13 Jan 2023
Charges

The activity A charge registered on 02 May 2019 via Charge ID 100260918 with Hdfc Bank Limited was fully satisfied on 05 Apr 2022. was completed.
05 Apr 2022

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