About Tata Power Renewable Energy Limited
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Tata Power Renewable Energy Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Tata Power Company Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 02 March 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40108MH2007PLC168314. Its GSTIN is 27AABCI7118M1ZB (Maharashtra). The company holds 46 GST registrations, all of them active.
The company has an authorised share capital of ₹7,521.66 Cr and a paid-up capital of ₹1,463.1 Cr. It was formerly known as Industrial Power Infrastructure Limited and Industrial Power Infrastructure Limited. It is led by directors including Sanjay Kumar Banga (Managing Director) and Saurabh Mahesh Agrawal.
Its last annual general meeting (AGM) was held on 22 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹12,584 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹1,993.94 Cr (net margin 15.8%) and EBITDA of ₹6,227.94 Cr (EBITDA margin 49.5%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 47% over five years.
The company has about 476 employees on its provident fund (EPFO) records. Its group structure includes 70 subsidiaries.
The company is associated with 2 brands: Tata Power Solar and Tata Power Renewable Energy. As per MCA filings, the company has open charges of ₹42,593 Cr and satisfied charges of ₹7,532.68 Cr on record. Court records list 161 cases involving the company, including 82 filed by the company and 79 filed against it; 76 cases are pending. The company has 10 deals on record (4 rights issues, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹2,194.92 Cr; the latest was in February 2023. Its 5 peer companies in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is NTPC Limited with revenue of ₹1,90,862 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2024, listing 76 overdue payments to 31 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tatapowerrenewables.com.
Company details
Name history
Tata Power Renewable Energy has undergone 3 name changes throughout its history. The company was previously known as Industrial Power Infrastructure Limited, Industrial Power Infrastructure Limited, and Industrial Power Infrastructure Private Limited. The current legal name is Tata Power Renewable Energy Limited.
| Company Name | Status |
|---|---|
| Tata Power Renewable Energy Limited | Current |
| Industrial Power Infrastructure Limited | Previous |
| Industrial Power Infrastructure Limited | Previous |
| Industrial Power Infrastructure Private Limited | Previous |
CIN history
Tata Power Renewable Energy has one previous CIN (Corporate Identification Number): U40108MH2007PTC168314. The current CIN is U40108MH2007PLC168314, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108MH2007PLC168314 | Current |
| U40108MH2007PTC168314 | Previous |
Contact details
Tata Power Renewable Energy Limited's registered office is in Mumbai, Maharashtra. Its website is tatapowerrenewables.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC/O The Tata Power Company Ltd. Corpora A Block 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
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- 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
Brands
Tata Power Renewable Energy operates two associated brands: Tata Power Solar and Tata Power Renewable Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures photovoltaic modules and solar cells for renewable energy solutions. | tatapowersolar.com | |
| Power producer and plant developer in the solar and wind energy sector | tatapowerrenewables.com |
Business activity
The main business activities of Tata Power Renewable Energy are electricity, gas, steam and air condition supply, construction and manufacturing. In detail, this covers electric power generation, transmission and distribution, demolition & site preparation, electrical, plumbing & other specialized construction activities and repair & installation of machinery & equipment, motor vehicles. 3 activity segments are registered with the MCA.
| 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 | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Tata Power Renewable Energy Limited, buy the company report.
Financials of Tata Power Renewable Energy Limited
FY 2026 filings availableTata Power Renewable Energy Limited reported revenue of ₹12,584 Cr (up 52% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 47% over five years, including 52% growth in the latest year. EBITDA rose 54% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12,584 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6,227.94 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1,993.94 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49.5% | ||||
| Net Profit Margin | 15.8% | ||||
| 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 Tata Power Renewable Energy Limited, buy the company report.
Board of directors of Tata Power Renewable Energy Limited
Tata Power Renewable Energy has 8 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Mahesh Agrawal | Director | 18 Oct 2022 | 4 Years 0 Months | Current |
| Praveer Sinha Also directs: The Tata Power Company Limited, Tata Power Delhi Distribution Limited, TP Central Odisha Distribution Limited and 5 more | Director | 07 May 2018 | 8 Years 5 Months | Current |
| Ajay Mathur Also directs: Ecube Investment Advisors Private Limited | Director | 10 Dec 2025 | 0 Years 10 Months | Current |
| Pramod Agrawal Also directs: Century Plyboards (India) Ltd., Tata Steel Limited, The Tata Power Company Limited and 2 more | Director | 10 Dec 2025 | 0 Years 10 Months | Current |
| Sanjay Kumar Banga Also directs: Tata Power Delhi Distribution Limited, TP Central Odisha Distribution Limited, TP Southern Odisha Distribution Limited and 5 more | Managing Director | 01 Jun 2025 | 1 Years 5 Months | Current |
| Bradley Byungki Kim Also directs: TP Saurya Limited | Director | 08 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Tata Power Renewable Energy Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Power Projects, Renewable Energy), 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 |
|---|---|---|---|---|---|---|
| NTPC Limited | ₹1,90,862 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Gujarat State Electricity Corporation Limited | ₹13,945 Cr (FY 2025) | -1.0% | Vadodara, Gujarat, India | |||
| Tata Power Renewable Energy Limitedthis company | ₹12,584 Cr (FY 2026) | ₹1,993.94 Cr | 15.8% | 52.0% | 476 | Mumbai, Maharashtra, India |
| Renew Private Limited | ₹10,878 Cr (FY 2025) | 18.0% | Delhi, India | |||
| Haryana Power Generation Corporation Ltd | ₹7,166.8 Cr (FY 2025) | 12.0% | Panchkula, Haryana, India | |||
| Jamnagar Utilities & Power Private Limited | ₹6,567.97 Cr (FY 2025) | -3.0% | Jamnagar, Gujarat, India |
To see the full peer comparison of Tata Power Renewable Energy Limited, buy the company report.
Auditor
Tata Power Renewable Energy Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 23119878BGTCQE1281 |
Shareholding
The shareholding of Tata Power Renewable Energy Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | 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 Tata Power Renewable Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2025 | 101190809 | Axis Bank Limited | ₹1,000 Cr | Open | |
| 08 Aug 2025 | 101141389 | Others | ₹1,308.68 Cr | Open | |
| 28 Mar 2025 | 101079322 | Karnataka Bank Ltd. | ₹200 Cr | Open | |
| 20 Mar 2025 | 101074410 | Axis Bank Limited | ₹800 Cr | Open | |
| 27 Aug 2024 | 100968729 | Sbicap Trustee Company Limited | ₹1,500 Cr | Open |
To see the full charge records of Tata Power Renewable Energy Limited, buy the company report.
Total charge records: 96 View all charges
Deals & funding
Tata Power Renewable Energy Limited has 10 deals on record (4 rights issues, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹2,194.92 Cr; the latest was in February 2023.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Rights issue | ₹5,160 Cr | Investors: The Tata Power Company Limited |
| Apr 2019 | Acquisition | Undisclosed | Seller: Tata Power Renewable Energy Limited |
| Jan 2017 | Rights issue | ₹539 Cr | Investors: The Tata Power Company Limited |
| May 2014 | Rights issue | ₹311.08 Cr | Investors: The Tata Power Company Limited |
| Apr 2013 | Funding round | ₹146.32 Cr | Investors: The Tata Power Company Limited |
To see the full deal history of Tata Power Renewable Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tata Power Renewable Energy Limited has 161 court cases on record: 82 filed by Tata Power Renewable Energy, 79 filed against it. 76 cases are pending and 85 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 97 | 43 | 42 |
| District courts | 43 | 27 | 29 |
| Supreme Court | 15 | 9 | 5 |
| NCLT | 6 | 0 | 0 |
Cases on record (5 of 161)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed against the company by Goyal MG Gases Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Powergrid Corporation of India Limited | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Southern Power Distribution Company of Andhra Pradesh Limited and 1 other | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Tamil Nadu Power Distribution Corporation Limited and 2 others | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Tamil Nadu Green Energy Corporation Limited, and 2 others | Pending |
To see the full case history of Tata Power Renewable Energy 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
Tata Power Renewable Energy Limited was last rated by Care on 08 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Jun 2022 |
To see the full credit ratings and regulatory alerts of Tata Power Renewable Energy Limited, buy the company report.
MSME payment delays
Tata Power Renewable Energy Limited has 5 MSME Form 1 returns on record between 2022 and 2024, listing 76 overdue payments to 31 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 31)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hind Power Project | |||
| an individual supplier | |||
| an individual supplier | |||
| Good Sprout | |||
| Gourav Energen India Private Limited |
To see the full MSME payment records of Tata Power Renewable Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tata Power Renewable Energy has 70 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| TP Paarthav Limited | U35105MH2023PLC410237 | |
| TP Hrihaan Limited | U35105MH2023PLC410273 | |
| TP Surya Limited | U35105MH2023PLC411178 | |
| TP Cypress Limited | U35105MH2023PLC411223 | |
| TP Orchid Limited | U35105MH2023PLC411304 | |
| TP Aboli Limited | U35105MH2023PLC411305 |
To see the full group structure of Tata Power Renewable Energy Limited, buy the company report.
Employees & EPFO
Tata Power Renewable Energy Limited has a workforce of 476 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Tata Power Renewable Energy has 46 GST registrations: 46 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI7118M1ZB | Maharashtra | Active | 01 Jul 2017 |
| 27AABCI7118M2ZA | Maharashtra | Active | 01 Jan 2020 |
| 27AABCI7118M3Z9 | Maharashtra | Active | 10 Jun 2024 |
| 08AABCI7118M1ZB | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tata Power Renewable Energy Limited, buy the company report.
Recent activity
Tata Power Renewable Energy Limited has 74 board changes on record since 2007: 41 appointments and 33 cessations. The latest: Ajay Mathur was appointed as Director on 10 Dec 2025.
216 earlier events are in the company report.
News
Frequently asked questions
Tata Power Renewable Energy is an active public limited company based in Mumbai, Maharashtra, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 02 March 2007 (19+ years old) and is registered under CIN U40108MH2007PLC168314.
Tata Power Renewable Energy has 8 current directors:
- Sanjay Kumar Banga - Managing Director
- Saurabh Mahesh Agrawal - Director
- Praveer Sinha - Director
- Ajay Mathur - Director
- Pramod Agrawal - Director
- Bradley Byungki Kim - Director
- Nishi Vasudeva - Director
- Seethapathy Chander - Director
The latest financial statements of Tata Power Renewable Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Power Renewable Energy is 27AABCI7118M1ZB, registered in Maharashtra. The company has 46 GST registrations in all, of which 46 are active. Other active GSTINs include 27AABCI7118M2ZA (Maharashtra), 27AABCI7118M3Z9 (Maharashtra), 08AABCI7118M1ZB (Rajasthan).
The CIN (Corporate Identification Number) of Tata Power Renewable Energy is U40108MH2007PLC168314. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tata Power Renewable Energy has 161 court cases on record: 82 filed by the company and 79 filed against it. 76 are pending. Most are in the high courts.
Tata Power Renewable Energy was incorporated on 02 March 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Tata Power Renewable Energy has 10 deals on record (4 rights issues, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹2,194.92 Cr; the latest was in February 2023.
The peers of Tata Power Renewable Energy by revenue are NTPC Limited, Gujarat State Electricity Corporation Limited, Renew Private Limited, Haryana Power Generation Corporation Ltd, Jamnagar Utilities & Power Private Limited, all in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution).
Ajay Mathur was appointed as Director on 10 Dec 2025. Pramod Agrawal was appointed as Director on 10 Dec 2025. Jeraz Eruch Mahernosh ceased to be Company Secretary on 30 Oct 2025. Tata Power Renewable Energy has 74 board changes on record in total.
Tata Power Renewable Energy has 5 MSME Form 1 returns on record between 2022 and 2024, listing 76 overdue payments to 31 micro and small suppliers. The latest return was filed on 22 Apr 2024.
Tata Power Renewable Energy can be reached through the website tatapowerrenewables.com. Its registered office is in Mumbai, Maharashtra, India.
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