About Morjar Renewables Private Limited
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Morjar Renewables Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Continuum Green Energy Limited. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 02 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2021PTC372665.
The company has an authorised share capital of ₹77.5 Cr and a paid-up capital of ₹76.51 Cr. It is led by directors including Girija Krishan Varma and Kumar Tushar.
Its last annual general meeting (AGM) was held on 02 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 402 & 404 Delphi C Wing Hiranandani Business Park Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.77 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹37.76 Cr (net margin -75.9%) and EBITDA of ₹31.24 Cr (EBITDA margin 62.8%).
As per MCA filings, the company has open charges of ₹779 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website continuumenergy.in.
Company details
Contact details
Morjar Renewables Private Limited's registered office is in Mumbai, Maharashtra. Its website is continuumenergy.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address402 & 404 Delphi C Wing Hiranandani Business Park Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076
- IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
To see the full contact details of Morjar Renewables 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 Morjar Renewables 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 Morjar Renewables Private Limited, buy the company report.
Financials of Morjar Renewables Private Limited
FY 2025 filings availableMorjar Renewables Private Limited reported revenue of ₹49.77 Cr (up 7385% YoY) for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹31.24 Cr | |||
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| Net Profit (PAT) | -₹37.76 Cr | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA Margin | 62.8% | |||
| Net Profit Margin | -75.9% | |||
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To see the full financial statements and ratios of Morjar Renewables Private Limited, buy the company report.
Board of directors and KMP of Morjar Renewables Private Limited
Morjar Renewables Private Limited currently reports 4 directors and 3 key managerial personnel. 5 former directors have served the organization.
Peer comparison
Morjar Renewables Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power, 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 |
|---|---|---|---|---|---|---|
| Renew Mega Solar Power Private Limited | ₹50.44 Cr (FY 2025) | -15.0% | New Delhi, Delhi, India | |||
| Azure Solar Private Limited | ₹49.85 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Morjar Renewables Private Limitedthis company | ₹49.77 Cr (FY 2025) | -₹37.76 Cr | -75.9% | 7385.0% | Mumbai, Maharashtra, India | |
| Today Green Energy Private Limited | ₹49.71 Cr (FY 2024) | -4.0% | New Delhi, Delhi, India | |||
| Sepset Constructions Limited | ₹49.56 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India | |||
| Clean Max Scorpius Private Limited | ₹48.69 Cr (FY 2025) | 46.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Morjar Renewables Private Limited, buy the company report.
Auditor
Morjar Renewables Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W100018 |
Shareholding
The shareholding of Morjar Renewables Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Morjar Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2025 | 101030542 | Hdfc Bank Limited | ₹65 Cr | Open | |
| 08 Dec 2023 | 100827338 | Others | ₹714 Cr | Open |
To see the full charge records of Morjar Renewables Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Morjar Renewables Private Limited has 3 court cases on record: 2 filed by Morjar Renewables, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Energy Transmission Corporation Ltd. and 4 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
To see the full case history of Morjar Renewables Private 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
Morjar Renewables Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 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 |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Morjar Renewables Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Morjar Renewables Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
No GST registration is on our record for Morjar Renewables Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Morjar Renewables Private Limited has 17 board changes on record since 2021: 12 appointments and 5 cessations. The latest: Nandiwada Venkatesan Venkataramanan was appointed as CEO on 03 Sep 2025.
11 earlier events are in the company report.
Frequently asked questions
Morjar Renewables is an active private limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 02 December 2021 (5+ years old) and is registered under CIN U40106MH2021PTC372665.
Morjar Renewables has 7 current directors and KMP:
- Girija Krishan Varma - Director
- Kumar Tushar - Director
- Dhananjay Balwant Joshi - Director
- Mahendra Malviya - Director
- Nandiwada Venkatesan Venkataramanan - Ceo
- Nilesh Patil - Cfo
- Aditi Amit Kamalakar - Company Secretary
The latest financial statements of Morjar Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 June 2025. Year-wise statements from FY 2022 are in the company report.
The CIN (Corporate Identification Number) of Morjar Renewables is U40106MH2021PTC372665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morjar Renewables has 3 court cases on record: 2 filed by the company and 1 filed against it.
Morjar Renewables was incorporated on 02 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Morjar Renewables by revenue are Renew Mega Solar Power Private Limited, Azure Solar Private Limited, Today Green Energy Private Limited, Sepset Constructions Limited, Clean Max Scorpius Private Limited, all in the Cleantech industry (Solar Power, Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Nandiwada Venkatesan Venkataramanan was appointed as CEO on 03 Sep 2025. Nilesh Patil was appointed as CFO on 03 Sep 2025. Girija Krishan Varma was appointed as Director on 27 Nov 2024. Morjar Renewables has 17 board changes on record in total.
Morjar Renewables has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 1 micro and small supplier. The latest return was filed on 25 Apr 2024.
Morjar Renewables can be reached through the website continuumenergy.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Morjar Renewables is at 402 & 404 Delphi C Wing Hiranandani Business Park Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076.
Morjar Renewables operates in the environment industry, in the wind energy solutions segment.