MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2021-22)
- Udyam number
- UDYAM-TS-02-0001102
Karvy Renewable Energy Projects Limited - energy and power in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.87 Cr
▼ 14% YoY
Net profit · FY 2024
₹8.22 Lakh
Net margin 4.4%
EBITDA · FY 2024
₹1.62 Cr
EBITDA margin 86.3%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹6.3 Cr
Issued & subscribed
Open charges
₹12.15 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Employees · EPFO
4
Provident fund records
About Karvy Renewable Energy Projects Limited
Data last updated:
Karvy Renewable Energy Projects Limited is a public limited company based in Hyderabad, Telangana, India, a subsidiary of Karvy Data Management Services Limited. It operates in the power epc segment of the energy and power sector. It was incorporated on 04 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74999TG2016PLC110676. Its GSTIN is 36AAFCT8509B2ZE (Telangana). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6.3 Cr. It was formerly known as Tejorupa Solar Power Limited. It is led by directors including Phanindra Kumar Alapati and Mallikarjuna Venkateswara Uppaluri Babu.
Its last annual general meeting (AGM) was held on 30 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Karvy Millennium – Annexe Plot No.31/P Nanakramguda Financial District Gachibowli, Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.87 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹8.22 Lakh (net margin 4.4%) and EBITDA of ₹1.62 Cr (EBITDA margin 86.3%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 13% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Karvy. As per MCA filings, the company has open charges of ₹12.15 Cr on record.
Karvy Renewable Energy Projects Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0001102). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website karvy.com.
Company details
CIN U74999TG2016PLC110676
Registration Number 110676
Incorporation Date 04 July 2016
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 August 2024
Date of Balance Sheet 31 March 2024
Parent Company Karvy Data Management Services Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0001102
Key People
Phanindra Kumar Alapati Director Mallikarjuna Venkateswara Uppaluri Babu Director Mahesh Vijayagopal Director Recognitions & Rankings of Karvy Renewable Energy Projects
Contact details
Karvy Renewable Energy Projects Limited's registered office is in Hyderabad, Telangana. Its website is karvy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKarvy Millennium – Annexe Plot No.31/P Nanakramguda Financial District Gachibowli, Hyderabad, Telangana, India – 500032
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Karvy Renewable Energy Projects Limited, buy the company report.
Comprehensive company report
Karvy Renewable Energy Projects Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Karvy Renewable Energy Projects 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 Karvy Renewable Energy Projects Limited, buy the company report.
Financials of Karvy Renewable Energy Projects Limited
FY 2024 filings availableKarvy Renewable Energy Projects Limited reported revenue of ₹1.87 Cr (down 14% YoY) for FY 2024.
Revenue · FY 2024
₹1.87 Cr ▼ 14%
Net profit · FY 2024
₹8.22 Lakh margin 4.4%
EBITDA · FY 2024
₹1.62 Cr margin 86.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 1%
5 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 25%
5 years · compounded
▲ 18%
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 14% fall in the latest year. EBITDA fell 5% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.22 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.3% | ||||
| Net Profit Margin | 4.4% | ||||
| 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 Karvy Renewable Energy Projects Limited, buy the company report.
Board of directors of Karvy Renewable Energy Projects Limited
Karvy Renewable Energy Projects has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Phanindra Kumar Alapati Also directs: Karvy Insurance Repository Limited, Sciknow Techno Solutions Limited, Digicall Global Private Limited and 1 more | Director | 01 Jun 2020 | 6 Years 4 Months | Current |
| Mallikarjuna Venkateswara Uppaluri Babu Also directs: Karvy Financial Services Limited, Shorapur Solar Power Limited | Director | 19 Jun 2023 | 3 Years 4 Months | Current |
| Mahesh Vijayagopal Also directs: Karvy Broking (Ifsc) Limited, Karvy Financial Services Limited, Karvy Insurance Repository Limited and 4 more | Director | 17 Nov 2022 | 3 Years 11 Months | Current |
| Srinivas Penmetsa Varma Also directs: Karvy Insurance Repository Limited, Karvy Next Limited, Karvy Digikonnect Limited and 3 more | Director | 02 Nov 2020 | 5 Years 11 Months | Current |
| Moola Ramesh Also directs: Shorapur Solar Power Limited, Urjasvala Solar Power Limited | Director | 01 Nov 2018 | 7 Years 11 Months | Current |
Auditor
Karvy Renewable Energy Projects Limited is audited by SVD & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SVD & Associates | FY 2023 | 015405S |
Shareholding
The shareholding of Karvy Renewable Energy Projects 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karvy Renewable Energy Projects Limited, buy the company report.
Charges & borrowings
Open charges
₹12.15 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2019 | 100242178 | State Bank of India | ₹12.15 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Karvy Renewable Energy Projects Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Karvy Renewable Energy Projects Limited was last rated by Crisil on 15 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Apr 2020 |
To see the full credit ratings and regulatory alerts of Karvy Renewable Energy Projects Limited, buy the company report.
MSME payment delays
Karvy Renewable Energy Projects Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 6 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Manish Ghia & Associates | |||
| Choice Solutions Limited | |||
| an individual supplier |
To see the full MSME payment records of Karvy Renewable Energy Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Karvy Renewable Energy Projects Limited has a workforce of 4 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
4
Active EPFO establishments
1
GST
Karvy Renewable Energy Projects has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCT8509B2ZE | Telangana | Active | 08 Aug 2017 |
| 29AAFCT8509B1ZA | Karnataka | Active | 12 Dec 2017 |
| 37AAFCT8509B1ZD | Andhra Pradesh | Active | 25 Oct 2018 |
To see the full GST registrations and return filing status of Karvy Renewable Energy Projects Limited, buy the company report.
Recent activity
Karvy Renewable Energy Projects Limited has 15 board changes on record since 2016: 5 appointments and 10 cessations. The latest: Mahesh Vijayagopal ceased to be Additional Director on 29 Sep 2023.
AGM
Karvy Renewable Energy Projects Limited last Annual general meeting of members was held on 30 Aug 2024 as per latest MCA records.
Filing
Karvy Renewable Energy Projects Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Ceased
Mahesh Vijayagopal ceased to be Additional Director.
Ceased
Mallikarjuna Venkateswara Uppaluri Babu ceased to be Additional Director.
Appointed
Mallikarjuna Venkateswara Uppaluri Babu was appointed as Director.
Appointed
Mahesh Vijayagopal was appointed as Director.
Ceased
Phanindra Kumar Alapati ceased to be Additional Director.
Ceased
Srinivas Penmetsa Varma ceased to be Additional Director.
Ceased
Deepak Kumar Gupta ceased to be Director.
Appointed
Srinivas Penmetsa Varma was appointed as Director.
Ceased
Abhishek Reddy Rachur ceased to be Company Secretary.
Ceased
Ramanna Tallapalli Prashanth Kumar ceased to be Director.
7 earlier events are in the company report.
News
Frequently asked questions
Karvy Renewable Energy Projects is an active public limited company based in Hyderabad, Telangana, India. The company works in power epc, within the energy and power industry. It was incorporated on 04 July 2016 (10+ years old) and is registered under CIN U74999TG2016PLC110676.
Karvy Renewable Energy Projects has 5 current directors:
- Phanindra Kumar Alapati - Director
- Mallikarjuna Venkateswara Uppaluri Babu - Director
- Mahesh Vijayagopal - Director
- Srinivas Penmetsa Varma - Director
- Moola Ramesh - Director
The latest financial statements of Karvy Renewable Energy Projects on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 August 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Karvy Renewable Energy Projects is 36AAFCT8509B2ZE, registered in Telangana. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAFCT8509B1ZA (Karnataka), 37AAFCT8509B1ZD (Andhra Pradesh).
The CIN (Corporate Identification Number) of Karvy Renewable Energy Projects is U74999TG2016PLC110676. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Renewable Energy Projects was incorporated on 04 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
Mahesh Vijayagopal ceased to be Additional Director on 29 Sep 2023. Mallikarjuna Venkateswara Uppaluri Babu ceased to be Additional Director on 29 Sep 2023. Mallikarjuna Venkateswara Uppaluri Babu was appointed as Director on 19 Jun 2023. Karvy Renewable Energy Projects has 15 board changes on record in total.
Yes, Karvy Renewable Energy Projects is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0001102).
Karvy Renewable Energy Projects has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 13 May 2021.
Karvy Renewable Energy Projects can be reached through the website karvy.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Karvy Renewable Energy Projects is at Karvy Millennium – Annexe Plot No.31P Nanakramguda Financial District Gachibowli, Hyderabad, Telangana, India – 500032.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages