Raipar Renewable Energy Private Limited
About Raipar Renewable Energy Private Limited
Data last updated:
Raipar Renewable Energy Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 18 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40109GJ2015PTC085095. Its GSTIN is 24AAHCR5233N1Z4 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.58 Cr. It is led by directors including Patrick Charignon and Malvinder Singh.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ring Road Near Ap Park, Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹23.61 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹4.6 Cr (net margin -19.5%) and EBITDA of ₹16.54 Cr (EBITDA margin 70%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹101.46 Cr and satisfied charges of ₹275.84 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it. The company has 1 deal on record (1 acquisition); the latest was in June 2016. Its 5 peer companies in the Cleantech industry (Renewable Energy, Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 1 smaller; the largest is Green Infra Wind Energy Project Private Limited with revenue of ₹23.88 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Raipar Renewable Energy Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No. 608 – 609 Level – 6 Opposite Imperial Heights, 150 Ft. Ring Road Near Ap Park, Rajkot, Gujarat, India – 360005
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Raipar Renewable Energy 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 Raipar Renewable Energy 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 Raipar Renewable Energy Private Limited, buy the company report.
Financials of Raipar Renewable Energy Private Limited
FY 2025 filings availableRaipar Renewable Energy Private Limited reported revenue of ₹23.61 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 7% fall in the latest year. EBITDA fell 12% 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 |
|---|---|---|---|---|---|
| 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 | ₹16.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.6 Cr | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 70% | ||||
| Net Profit Margin | -19.5% | ||||
| 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 Raipar Renewable Energy Private Limited, buy the company report.
Board of directors of Raipar Renewable Energy Private Limited
Raipar Renewable Energy has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Patrick Charignon | Director | 09 Mar 2020 | 6 Years 8 Months | Current |
| Malvinder Singh | Director | 29 Jan 2021 | 5 Years 9 Months | Current |
| Thomas David Bueno | Additional Director | 23 Oct 2025 | 1 Years 0 Months | Current |
| Shekhar Kanchan Also directs: Sukavala Renewable Energy Private Limited, Pipartoda Renewable Energy Private Limited, Sitac Re Private Limited and 5 more | Additional Director | 29 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Raipar Renewable Energy Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Renewable Energy, 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 |
|---|---|---|---|---|---|---|
| Green Infra Wind Energy Project Private Limited | ₹23.88 Cr (FY 2024) | -42.0% | Gurgaon, Haryana, India | |||
| Parmeshwar Dyeing and Printing Mills Private Limited | ₹23.82 Cr (FY 2025) | -14.0% | Surat, Gujarat, India | |||
| Ostro Renewables Private Limited | ₹23.78 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| K K P Fabrics Private Limited | ₹23.74 Cr (FY 2025) | 29.0% | Namakkal, Tamil Nadu, India | |||
| Raipar Renewable Energy Private Limitedthis company | ₹23.61 Cr (FY 2025) | -₹4.6 Cr | -19.5% | -7.0% | Rajkot, Gujarat, India | |
| Sei Sooraj Renewable Energy Private Limited | ₹23.52 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Raipar Renewable Energy Private Limited, buy the company report.
Auditor
Raipar Renewable Energy Private Limited is audited by S N DHAWAN & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S N DHAWAN & CO LLP | FY 2022 | 000050N/500045 |
Shareholding
The shareholding of Raipar Renewable Energy 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Raipar Renewable Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Sep 2024 | 100982863 | Others | ₹101.46 Cr | Open | |
| 20 Dec 2018 | 100229986 | State Bank of India | ₹137.92 Cr | Satisfied | |
| 30 Jan 2017 | 100076760 | Sbicap Trustee Company Limited | ₹137.92 Cr | Satisfied |
To see the full charge records of Raipar Renewable Energy Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Raipar Renewable Energy Private Limited has 1 deal on record (1 acquisition); the latest was in June 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Acquisition | Undisclosed | Buyer: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Raipar Renewable Energy Private Limited has 8 court cases on record: 6 filed by Raipar Renewable Energy, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BOTAD, Gujarat | Commercial matter | Filed against the company by Bavanveer Enterprise Private Limited Company | Disposed |
| High Court, GUJARAT | Arbitration matter | Filed by the company against M/S Bavanveer Enterprise Pvt. Ltd. | Disposed |
| District court, BOTAD, Gujarat | Court case (SPCS) | Filed against the company | Disposed |
| District court, Bhavnagar, Gujarat | Court case (SPCS) | Filed by the company against individuals | Disposed |
| District court, BOTAD, Gujarat | Court case (SPCS) | Filed by the company against individuals | Disposed |
To see the full case history of Raipar Renewable Energy 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.
Credit ratings & regulatory alerts
Raipar Renewable Energy Private Limited was last rated by Care on 07 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jul 2026 |
To see the full credit ratings and regulatory alerts of Raipar Renewable Energy Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Raipar Renewable Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Raipar Renewable Energy has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCR5233N1Z4 | Gujarat | Active | 01 Jul 2017 |
| 07AAHCR5233N1Z0 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Raipar Renewable Energy Private Limited, buy the company report.
Recent activity
Raipar Renewable Energy Private Limited has 16 board changes on record since 2016: 6 appointments and 10 cessations. The latest: Shekhar Kanchan was appointed as Additional Director on 29 Dec 2025.
13 earlier events are in the company report.
Frequently asked questions
Raipar Renewable Energy is an active private limited company based in Rajkot, Gujarat, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 18 November 2015 (11+ years old) and is registered under CIN U40109GJ2015PTC085095.
Raipar Renewable Energy has 4 current directors:
- Patrick Charignon - Director
- Malvinder Singh - Director
- Thomas David Bueno - Additional Director
- Shekhar Kanchan - Additional Director
The latest financial statements of Raipar Renewable Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Raipar Renewable Energy is 24AAHCR5233N1Z4, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAHCR5233N1Z0 (Delhi).
The CIN (Corporate Identification Number) of Raipar Renewable Energy is U40109GJ2015PTC085095. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raipar Renewable Energy has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the district courts.
Raipar Renewable Energy was incorporated on 18 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Raipar Renewable Energy has 1 deal on record (1 acquisition); the latest was in June 2016.
The peers of Raipar Renewable Energy by revenue are Green Infra Wind Energy Project Private Limited, Parmeshwar Dyeing and Printing Mills Private Limited, Ostro Renewables Private Limited, K K P Fabrics Private Limited, Sei Sooraj Renewable Energy Private Limited, all in the Cleantech industry (Renewable Energy, Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Shekhar Kanchan was appointed as Additional Director on 29 Dec 2025. Thomas David Bueno was appointed as Additional Director on 23 Oct 2025. Anju Mahajan Singh ceased to be Additional Director on 16 Aug 2023. Raipar Renewable Energy has 16 board changes on record in total.
The registered office of Raipar Renewable Energy is at Office No. 608 – 609 Level – 6 Opposite Imperial Heights, 150 Ft. Ring Road Near Ap Park, Rajkot, Gujarat, India – 360005.
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.
