About Latur Renewable Private Limited
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Latur Renewable Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Power Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 01 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31906GJ2017PTC106736. Its GSTIN is 29AADCL2360A1ZX (Karnataka).
The company has an authorised share capital of ₹115 Cr and a paid-up capital of ₹110 Cr. It is led by directors including Pradip Jayantilal Mehta and Luna Tapan Pal.
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Samanvay 600 Tapovanambawadi, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹64.16 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹13.84 Cr (net margin 21.6%) and EBITDA of ₹53.26 Cr (EBITDA margin 83%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
As per MCA filings, the company has satisfied charges of ₹308 Cr on record. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2019. Its 6 peer companies in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is Adani Renewable Energy Holding Ten Limited with revenue of ₹64.59 Cr. The company has 2 MSME Form 1 returns on record between 2020 and 2021, listing 3 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website laturrenewable.com.
Company details
CIN history
Latur Renewable has one previous CIN (Corporate Identification Number): U31906TN2017PTC114294. The current CIN is U31906GJ2017PTC106736, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31906GJ2017PTC106736 | Current |
| U31906TN2017PTC114294 | Previous |
Contact details
Latur Renewable Private Limited's registered office is in Ahmedabad, Gujarat. Its website is laturrenewable.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSamanvay 600 Tapovanambawadi, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Latur Renewable Private 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
Business activity
The main business activity of Latur Renewable 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 Latur Renewable Private Limited, buy the company report.
Financials of Latur Renewable Private Limited
FY 2025 filings availableLatur Renewable Private Limited reported revenue of ₹64.16 Cr (down 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 15% fall in the latest year. EBITDA fell 18% 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 | ₹53.26 Cr | ||||
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| Net Profit (PAT) | ₹13.84 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 83% | ||||
| Net Profit Margin | 21.6% | ||||
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To see the full financial statements and ratios of Latur Renewable Private Limited, buy the company report.
Board of directors of Latur Renewable Private Limited
Latur Renewable has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Jayantilal Mehta Also directs: Radiant Urja LLP, Jodhpur Wind Farms Private Limited, Torrent Solargen Limited and 4 more | Director | 15 Sep 2022 | 4 Years 1 Months | Current |
| Luna Tapan Pal Also directs: Jodhpur Wind Farms Private Limited, Torrent Solargen Limited, Gujarat Lease Financing Limited and 5 more | Director | 09 May 2019 | 7 Years 6 Months | Current |
| Lachman Nandiram Lalwani Also directs: Jodhpur Wind Farms Private Limited, Torrent Solargen Limited, Newzone India Private Limited and 5 more | Director | 20 Nov 2020 | 5 Years 11 Months | Current |
Peer comparison
Latur Renewable Private Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Adani Renewable Energy Holding Ten Limited | ₹64.59 Cr (FY 2023) | 22.0% | Ahmedabad, Gujarat, India | |||
| Danu Wind Parks Private Limited | ₹64.56 Cr (FY 2024) | -1.0% | Hyderabad, Telangana, India | |||
| Maple Renewable Power Private Limited | ₹64.17 Cr (FY 2025) | -1.0% | Coimbatore, Tamil Nadu, India | |||
| Latur Renewable Private Limitedthis company | ₹64.16 Cr (FY 2025) | ₹13.84 Cr | 21.6% | -15.0% | Ahmedabad, Gujarat, India | |
| Inox Renewables (Jaisalmer) Limited | ₹62.47 Cr (FY 2018) | 4.0% | Vadodara, Gujarat, India | |||
| Vena Energy KN Wind Power Private Limited | ₹62.3 Cr (FY 2025) | -15.0% | Bangalore, Karnataka, India | |||
| Rohan Solar Power Private Limited | ₹61.73 Cr (FY 2025) | -3.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Latur Renewable Private Limited, buy the company report.
Auditor
Latur Renewable Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Latur Renewable Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Latur Renewable Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Mar 2019 | 100252073 | Idbi Trusteeship Services Limited | ₹308 Cr | Satisfied |
To see the full charge records of Latur Renewable Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Latur Renewable Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Rights issue | ₹110 Cr | Investors: Torrent Power Limited |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Torrent Power Limited & Saurabh Rameshbhai Mashruwala, Torrent Power Limited Seller: Siemens Gamesa Renewable Private Limited & R.Sachidanandam, Siemens Gamesa Renewable Power Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Latur Renewable Private 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
Latur Renewable Private Limited was last rated by Crisil on 12 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 12 Nov 2020 |
To see the full credit ratings and regulatory alerts of Latur Renewable Private Limited, buy the company report.
MSME payment delays
Latur Renewable Private Limited has 2 MSME Form 1 returns on record between 2020 and 2021, listing 3 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Reconnect Energy Solutions Limited |
To see the full MSME payment records of Latur Renewable Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Latur Renewable has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCL2360A1ZX | Karnataka | Active | 19 Jan 2018 |
To see the full GST registrations and return filing status of Latur Renewable Private Limited, buy the company report.
Recent activity
Latur Renewable Private Limited has 14 board changes on record since 2018: 3 appointments and 11 cessations. The latest: Rahul Chaitanyabhai Shah ceased to be Company Secretary on 20 Mar 2025.
7 earlier events are in the company report.
Frequently asked questions
Latur Renewable is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 01 February 2017 (9+ years old) and is registered under CIN U31906GJ2017PTC106736.
Latur Renewable has 3 current directors:
- Pradip Jayantilal Mehta - Director
- Luna Tapan Pal - Director
- Lachman Nandiram Lalwani - Director
The latest financial statements of Latur Renewable on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 August 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Latur Renewable is 29AADCL2360A1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Latur Renewable is U31906GJ2017PTC106736. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Latur Renewable was incorporated on 01 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Latur Renewable has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in February 2019.
The peers of Latur Renewable by revenue are Adani Renewable Energy Holding Ten Limited, Danu Wind Parks Private Limited, Maple Renewable Power Private Limited, Inox Renewables (Jaisalmer) Limited, Vena Energy KN Wind Power Private Limited and 1 more, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Rahul Chaitanyabhai Shah ceased to be Company Secretary on 20 Mar 2025. Pradip Jayantilal Mehta ceased to be Additional Director on 06 Aug 2023. Jayesh Narendrakumar Desai ceased to be Director on 15 Sep 2022. Latur Renewable has 14 board changes on record in total.
Latur Renewable has 2 MSME Form 1 returns on record between 2020 and 2021, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 27 Apr 2021.
Latur Renewable can be reached through the website laturrenewable.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Latur Renewable is at Samanvay 600 Tapovanambawadi, Ahmedabad, Gujarat, India – 380015.
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