About Karnataka Renewable Energy Development Limited
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Karnataka Renewable Energy Development Limited is a private limited state government company based in Bengaluru, Karnataka, India. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 08 March 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U75112KA1996SGC020020. Its GSTIN is 29AACCK3953F1ZG (Karnataka).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Kolgunsi Panchaksharaiah Rudrappaiah (Managing Director) and Mohammed Ikramulla Shariff.
Its last annual general meeting (AGM) was held on 03 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.6/13/1 10th Block 2nd Stage Behind St. Sophia Convent Nagarbhavi, Bengaluru, Karnataka, India – 560072.
As per the financials filed for FY 2025, the company reported a revenue of ₹413.34 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹282.93 Cr (net margin 68.4%) and EBITDA of ₹398.74 Cr (EBITDA margin 96.5%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 45% over five years.
The company has about 60 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Government of Karnataka. Court records list 719 cases involving the company, including 75 filed by the company and 644 filed against it; 131 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kredl.karnataka.gov.in.
Company details
CIN history
Karnataka Renewable Energy Development has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U75112KA1996SGC020020, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U75112KA1996SGC020020 | Current |
| U75112KA1996PLC020020 | Previous |
| U75112KA1996PTC020020 | Previous |
Contact details
Karnataka Renewable Energy Development Limited's registered office is in Bengaluru, Karnataka. Its website is kredl.karnataka.gov.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.6/13/1 10th Block 2nd Stage Behind St. Sophia Convent Nagarbhavi, Bengaluru, Karnataka, India – 560072
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Karnataka Renewable Energy Development 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
Karnataka Renewable Energy Development operates one associated brand: Government of Karnataka. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Public administration services in Karnataka, focusing on education, health, and governance. | karnataka.gov.in |
Business activity
The main business activities of Karnataka Renewable Energy Development are support service to organizations and electricity, gas, steam and air condition supply. In detail, this covers other support services to organizations and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | |
| 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 Karnataka Renewable Energy Development Limited, buy the company report.
Financials of Karnataka Renewable Energy Development Limited
FY 2025 filings availableKarnataka Renewable Energy Development Limited reported revenue of ₹413.34 Cr (up 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years, including 70% growth in the latest year. EBITDA rose 72% 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 | ₹398.74 Cr | ||||
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| Net Profit (PAT) | ₹282.93 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 | 96.5% | ||||
| Net Profit Margin | 68.4% | ||||
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To see the full financial statements and ratios of Karnataka Renewable Energy Development Limited, buy the company report.
Board of directors of Karnataka Renewable Energy Development Limited
Karnataka Renewable Energy Development has 11 current directors and 91 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Ikramulla Shariff | Nominee Director | 26 Jul 2024 | 2 Years 2 Months | Current |
| Pankaj Kumar Pandey Also directs: Gulbarga Electricity Supply Company Limited, Karnataka Vidyuth Karkhane Limited, Power Company of Karnataka Limited and 4 more | Nominee Director | 06 Jun 2023 | 3 Years 4 Months | Current |
| Srikar Sridhar Mysore | Nominee Director | 04 Jul 2022 | 4 Years 3 Months | Current |
| Rajender Kumar Kataria Also directs: Food Karnataka Limited, Karnataka Silk Marketing Board Limited, Karnataka Public Lands Corporation Limited and 1 more | Nominee Director | 12 Jun 2023 | 3 Years 4 Months | Current |
| Rajegowda Devegowda Talihalla Also directs: Tesseract Arts Private Limited | Nominee Director | 30 Jan 2024 | 2 Years 8 Months | Current |
| Kolgunsi Panchaksharaiah Rudrappaiah | Managing Director | 26 Jul 2021 | 5 Years 2 Months | Current |
Auditor
Karnataka Renewable Energy Development Limited is audited by RAO & SWAMI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAO & SWAMI | FY 2023 | 3105S |
Shareholding
The shareholding of Karnataka Renewable Energy Development Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karnataka Renewable Energy Development Limited, buy the company report.
Legal cases
Karnataka Renewable Energy Development Limited has 719 court cases on record: 75 filed by Karnataka Renewable Energy Development, 644 filed against it. 131 cases are pending and 588 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 640 | 596 | 107 |
| District courts | 60 | 31 | 18 |
| Supreme Court | 19 | 17 | 6 |
Cases on record (5 of 719)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2904-Labour and Industrial Laws : Labour welfare legislations e.g. Factories Act, trade unions and other labour matters) | Filed against the company by Mis Parle Products Pvt Ltd | Disposed |
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed against the company by Cauvery Neeravari Nigam Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed against the company by M/S Logitronics Automation India Pvt Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Greenpulse Power Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Azure Power Earth Private Limited | Pending |
To see the full case history of Karnataka Renewable Energy Development 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
Karnataka Renewable Energy Development Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 5 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sri Savitr Solar Private Limited | |||
| Cygni Energy Private Limited |
To see the full MSME payment records of Karnataka Renewable Energy Development Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Karnataka Renewable Energy Development has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Karnataka Renewable Energy Development Limited has a workforce of 60 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Karnataka Renewable Energy Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCK3953F1ZG | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnataka Renewable Energy Development Limited, buy the company report.
Recent activity
Karnataka Renewable Energy Development Limited has 102 board changes on record since 2007: 11 appointments and 91 cessations. The latest: Manojkumar was appointed as Nominee Director on 21 Jul 2025.
93 earlier events are in the company report.
News
Frequently asked questions
Karnataka Renewable Energy Development is an active private limited state government company based in Bengaluru, Karnataka, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 08 March 1996 (30+ years old) and is registered under CIN U75112KA1996SGC020020.
Karnataka Renewable Energy Development has 11 current directors:
- Kolgunsi Panchaksharaiah Rudrappaiah - Managing Director
- Mohammed Ikramulla Shariff - Nominee Director
- Pankaj Kumar Pandey - Nominee Director
- Srikar Sridhar Mysore - Nominee Director
- Rajender Kumar Kataria - Nominee Director
- Rajegowda Devegowda Talihalla - Nominee Director
- Sagadageri Beeranna Prashantkumar - Nominee Director
- Shivashankara Ninge Gowda - Nominee Director
- Gauravgupta - Nominee Director
- Deepa Murthy Cholan - Nominee Director
- Manojkumar - Nominee Director
The latest financial statements of Karnataka Renewable Energy Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnataka Renewable Energy Development is 29AACCK3953F1ZG, registered in Karnataka.
The CIN (Corporate Identification Number) of Karnataka Renewable Energy Development is U75112KA1996SGC020020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnataka Renewable Energy Development has 719 court cases on record: 75 filed by the company and 644 filed against it. 131 are pending. Most are in the high courts.
Karnataka Renewable Energy Development was incorporated on 08 March 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Manojkumar was appointed as Nominee Director on 21 Jul 2025. Prabhash Chandra Ray ceased to be Nominee Director on 21 Jul 2025. Mahantesh Bilagi ceased to be Nominee Director on 04 Feb 2025. Karnataka Renewable Energy Development has 102 board changes on record in total.
Karnataka Renewable Energy Development has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 5 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Karnataka Renewable Energy Development can be reached through the website kredl.karnataka.gov.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Karnataka Renewable Energy Development is at No.6131 10th Block 2nd Stage Behind St. Sophia Convent Nagarbhavi, Bengaluru, Karnataka, India – 560072.