Nivade Windfarm Limited
About Nivade Windfarm Limited
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Nivade Windfarm Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Power Renewable Energy Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 17 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2015PLC271114. Its GSTIN is 27AAFCN1946G1ZF (Maharashtra).
The company has an authorised share capital of ₹41.6 Cr and a paid-up capital of ₹41.44 Cr. It is led by directors including Vispi Sarosh Patel and Kasturi Soundararajan.
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹17.58 Cr, a growth of 80% compared to the previous year. For the same year it recorded a net profit of ₹1.84 Cr (net margin 10.5%) and EBITDA of ₹15.26 Cr (EBITDA margin 86.8%). Revenue has grown at a compounded annual rate (CAGR) of 131% over three years.
As per MCA filings, the company has open charges of ₹200 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nivade Windfarm Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressC/Othe Tata Power Company Limited Corporate Center A Block 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009
- IndustryEnergy and Power, Power Transmission & Distribution Services, Power Trading & Energy Markets
To see the full contact details of Nivade Windfarm 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 Nivade Windfarm is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Nivade Windfarm Limited, buy the company report.
Financials of Nivade Windfarm Limited
FY 2025 filings availableNivade Windfarm Limited reported revenue of ₹17.58 Cr (up 80% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 131% over three years, including 80% growth in the latest year. EBITDA rose 74% 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 |
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| EBITDA | ₹15.26 Cr | ||||
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| Net Profit (PAT) | ₹1.84 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA Margin | 86.8% | ||||
| Net Profit Margin | 10.5% | ||||
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To see the full financial statements and ratios of Nivade Windfarm Limited, buy the company report.
Board of directors of Nivade Windfarm Limited
Nivade Windfarm has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjali Jayant Kulkarni Also directs: Vagarai Windfarm Limited, Industrial Energy Limited | Additional Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Vispi Sarosh Patel | Director | 16 Jan 2024 | 2 Years 9 Months | Current |
| Kasturi Soundararajan | Director | 27 Jan 2020 | 6 Years 9 Months | Current |
| Aditi Raja | Additional Director | 21 Nov 2024 | 1 Years 11 Months | Current |
| Jinendra Vardhaman Patil Also directs: Renascent Power Ventures Private Limited | Director | 17 Dec 2015 | 10 Years 10 Months | Current |
Auditor
Nivade Windfarm Limited is audited by FATEHI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FATEHI & CO | FY 2022 | 102841W |
Shareholding
The shareholding of Nivade Windfarm Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Nivade Windfarm Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2024 | 101019276 | Sbicap Trustee Company Limited | ₹200 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Nivade Windfarm 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
No delayed payments to MSME suppliers are on our record for Nivade Windfarm Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nivade Windfarm has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCN1946G1ZF | Maharashtra | Active | 03 Apr 2022 |
To see the full GST registrations and return filing status of Nivade Windfarm Limited, buy the company report.
Recent activity
Nivade Windfarm Limited has 10 board changes on record since 2015: 5 appointments and 5 cessations. The latest: Aditi Raja was appointed as Additional Director on 21 Nov 2024.
2 earlier events are in the company report.
Frequently asked questions
Nivade Windfarm is an active public limited company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 17 December 2015 (11+ years old) and is registered under CIN U40300MH2015PLC271114.
Nivade Windfarm has 5 current directors:
- Anjali Jayant Kulkarni - Additional Director
- Vispi Sarosh Patel - Director
- Kasturi Soundararajan - Director
- Aditi Raja - Additional Director
- Jinendra Vardhaman Patil - Director
The latest financial statements of Nivade Windfarm on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Nivade Windfarm is 27AAFCN1946G1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Nivade Windfarm is U40300MH2015PLC271114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nivade Windfarm was incorporated on 17 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Aditi Raja was appointed as Additional Director on 21 Nov 2024. Anjali Jayant Kulkarni was appointed as Additional Director on 21 Nov 2024. Vispi Sarosh Patel ceased to be Additional Director on 06 Aug 2024. Nivade Windfarm has 10 board changes on record in total.
The registered office of Nivade Windfarm is at COthe Tata Power Company Limited Corporate Center A Block 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Nivade Windfarm operates in the energy and power industry, in the power transmission and distribution services segment.
Nivade Windfarm has open charges of ₹200 Cr and no satisfied charges on record as per latest MCA filings.