About Morjar Windfarm Development Private Limited
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Morjar Windfarm Development Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Srijan Energy Systems Private Limited. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 07 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2019PTC326408. Its GSTIN is 24AAMCM7253N1ZW (Gujarat).
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹68.07 Cr. It is led by directors including Mohmad Saleh Mutvalli and Dhananjay Balwant Joshi.
Its last annual general meeting (AGM) was held on 30 October 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 ₹93.03 Cr. For the same year it recorded a net loss of ₹53.24 Cr (net margin -57.2%) and EBITDA of ₹70.69 Cr (EBITDA margin 76%). Revenue has grown at a compounded annual rate (CAGR) of 446% over three years.
The company has about 2 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,625.94 Cr on record.
For more details, the company can be reached via its website continuumenergy.in.
Company details
Contact details
Morjar Windfarm Development 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
To see the full contact details of Morjar Windfarm Development 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 Windfarm Development 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 Windfarm Development Private Limited, buy the company report.
Financials of Morjar Windfarm Development Private Limited
FY 2025 filings availableMorjar Windfarm Development Private Limited reported revenue of ₹93.03 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 446% over three years. EBITDA fell 1% 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 | ₹70.69 Cr | ||||
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| Net Profit (PAT) | -₹53.24 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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| EBITDA Margin | 76% | ||||
| Net Profit Margin | -57.2% | ||||
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To see the full financial statements and ratios of Morjar Windfarm Development Private Limited, buy the company report.
Board of directors of Morjar Windfarm Development Private Limited
Morjar Windfarm Development has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohmad Saleh Mutvalli Also directs: Cge Hybrid Energy Private Limited, Influx Healthtech Limited, Jamnagar Renewables Two Private Limited and 5 more | Director | 24 Sep 2024 | 2 Years 1 Months | Current |
| Dhananjay Balwant Joshi | Director | 24 Sep 2024 | 2 Years 1 Months | Current |
| Joris Reinier Mattheus Rademakers | Director | 24 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Morjar Windfarm Development Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Pugalur Renewable Private Limited | ₹94.05 Cr (FY 2025) | -5.0% | Delhi, India | |||
| Clean Wind Power (Manvi) Private Limited | ₹93.24 Cr (FY 2024) | 11.0% | New Delhi, Delhi, India | |||
| Morjar Windfarm Development Private Limitedthis company | ₹93.03 Cr (FY 2025) | -₹53.24 Cr | -57.2% | 2 | Mumbai, Maharashtra, India | |
| Ostro Mahawind Power Private Limited | ₹93 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India | |||
| Matspin India Private Limited | ₹91.42 Cr (FY 2024) | 1540.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Morjar Windfarm Development Private Limited, buy the company report.
Auditor
Morjar Windfarm Development 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 Windfarm Development Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Morjar Windfarm Development Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2023 | 100700055 | Idbi Trusteeship Services Limited | ₹31.87 Cr | Open | |
| 27 Sep 2022 | 100650059 | Others | ₹40 Cr | Open | |
| 25 May 2022 | 100581578 | Idbi Trusteeship Services Limited | ₹781.1 Cr | Open | |
| 12 Jul 2021 | 100457776 | Others | ₹772.97 Cr | Open |
To see the full charge records of Morjar Windfarm Development Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Morjar Windfarm Development Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Morjar Windfarm Development Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 12 overdue payments to 5 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 (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Reconnect Energy Solutions Limited | |||
| Kintech Global Services Private Limited | |||
| Surakshit Technology Solutions Private Limited | |||
| DNV Mes India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Morjar Windfarm Development Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Morjar Windfarm Development Private Limited has a workforce of 2 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Morjar Windfarm Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAMCM7253N1ZW | Gujarat | Active | 20 Nov 2019 |
To see the full GST registrations and return filing status of Morjar Windfarm Development Private Limited, buy the company report.
Recent activity
Morjar Windfarm Development Private Limited has 7 board changes on record since 2022: 3 appointments and 4 cessations. The latest: Dhananjay Balwant Joshi was appointed as Director on 24 Sep 2024.
4 earlier events are in the company report.
Frequently asked questions
Morjar Windfarm Development 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 07 June 2019 (7+ years old) and is registered under CIN U40106MH2019PTC326408.
Morjar Windfarm Development has 3 current directors:
- Mohmad Saleh Mutvalli - Director
- Dhananjay Balwant Joshi - Director
- Joris Reinier Mattheus Rademakers - Director
The latest financial statements of Morjar Windfarm Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 October 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Morjar Windfarm Development is 24AAMCM7253N1ZW, registered in Gujarat.
The CIN (Corporate Identification Number) of Morjar Windfarm Development is U40106MH2019PTC326408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Morjar Windfarm Development was incorporated on 07 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Morjar Windfarm Development by revenue are Pugalur Renewable Private Limited, Clean Wind Power (Manvi) Private Limited, Ostro Mahawind Power Private Limited, Matspin India Private Limited, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Dhananjay Balwant Joshi was appointed as Director on 24 Sep 2024. Joris Reinier Mattheus Rademakers was appointed as Director on 24 Sep 2024. Mohmad Saleh Mutvalli was appointed as Director on 24 Sep 2024. Morjar Windfarm Development has 7 board changes on record in total.
Morjar Windfarm Development has 4 MSME Form 1 returns on record between 2022 and 2023, listing 12 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Morjar Windfarm Development can be reached through the website continuumenergy.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Morjar Windfarm Development is at 402 & 404 Delphi C Wing Hiranandani Business Park Orchard Avenue Powai, Mumbai, Maharashtra, India – 400076.
Morjar Windfarm Development operates in the environment industry, in the wind energy solutions segment.
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