About Onix Renewable Limited
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Onix Renewable Limited is a public limited company based in Metoda, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 07 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35105GJ2014PLC080979. Its GSTIN is 24AADCE8197L1Z4 (Gujarat). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹550 Cr and a paid-up capital of ₹109.27 Cr. It was formerly known as Eletro Trans Products Private Limited. It is led by directors including Divyesh Mansukhbhai Savalia and Piyush Mansukhbhai Savalia.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at P – 212 B Gate No: 2 Lodhika GIDC, Metoda, Gujarat, India – 360021.
As per the financials filed for FY 2024, the company reported a revenue of ₹326.39 Cr, a growth of 140% compared to the previous year. For the same year it recorded a net profit of ₹39.39 Cr (net margin 12.1%) and EBITDA of ₹58.35 Cr (EBITDA margin 17.9%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 69% over five years.
The company has about 1,385 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Onix Renewable. As per MCA filings, the company has open charges of ₹326.94 Cr and satisfied charges of ₹14.13 Cr on record. Court records list 6 cases involving the company, including 6 filed against it; 4 cases are pending. The company has 10 deals on record (4 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹566.07 Cr; the latest was in January 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website onixgroup.in.
Company details
CIN history
Onix Renewable has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35105GJ2014PLC080979, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105GJ2014PLC080979 | Current |
| U31501GJ2014PLC080979 | Previous |
| U31501GJ2014PTC080979 | Previous |
Contact details
Onix Renewable Limited's registered office is in Metoda, Gujarat. Its website is onixgroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP – 212 B Gate No: 2 Lodhika GIDC, Metoda, Gujarat, India – 360021
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Onix Renewable 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
Brands
Onix Renewable operates one associated brand: Onix Renewable. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy solutions for solar and wind projects are provided. | onixrenewable.com |
Business activity
The main business activity of Onix Renewable is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Onix Renewable Limited, buy the company report.
Financials of Onix Renewable Limited
FY 2024 filings availableOnix Renewable Limited reported revenue of ₹326.39 Cr (up 140% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 69% over five years, including 140% growth in the latest year. EBITDA rose 359% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹326.39 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹58.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.39 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.9% | ||||
| Net Profit Margin | 12.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Onix Renewable Limited, buy the company report.
Board of directors of Onix Renewable Limited
Onix Renewable 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 |
|---|---|---|---|---|
| Divyesh Mansukhbhai Savalia Also directs: Tecafine Renewable (India) LLP, Onix Trans Enersol Private Limited, Viowin Renewable Private Limited and 5 more | Director | 01 Dec 2022 | 3 Years 10 Months | Current |
| Piyush Mansukhbhai Savalia Also directs: Nopl Solar Projects Private Limited, Nopl Pace Green Energy Private Limited, Onix-Tech Power LLP and 4 more | Additional Director | 01 Sep 2025 | 1 Years 1 Months | Current |
| Madhuri Divyesh Savaliya Also directs: Saval Exim Private Limited | Additional Director | 01 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Onix Renewable Limited is audited by S.D. Mehta & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.D. Mehta & Co. | FY 2024 | 137193W |
Shareholding
The shareholding of Onix Renewable 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 Onix Renewable Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2025 | 101200110 | Others | ₹3 Cr | Open | |
| 30 Jul 2025 | 101141130 | Others | ₹50 Cr | Open | |
| 24 Mar 2025 | 101067776 | Others | ₹127 Cr | Open | |
| 24 Mar 2025 | 101106278 | Others | ₹5 Cr | Open | |
| 20 Dec 2024 | 101031114 | Others | ₹27.21 Cr | Open |
To see the full charge records of Onix Renewable Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Onix Renewable Limited has 10 deals on record (4 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹566.07 Cr; the latest was in January 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Funding round | ₹242.46 Cr | Investors: Ebisu Global Opportunities Fund Limited, Al Maha Investment Fund, Arix Capital Limited |
| Aug 2024 | Funding round | ₹280.35 Cr | Investors: Devansh Trademart LLP , Ebisu Global Opportunities Fund Limited, 2 individuals |
| Mar 2024 | Funding round | ₹40.56 Cr | Investors: Arix Capital Limited , Viney Equity Market LLP , Samarth Dhirendra Kanabar Huf, an individual |
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2022 | Rights issue | ₹2.8 Cr | Investors: an individual |
To see the full deal history of Onix Renewable 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
Onix Renewable Limited has 6 court cases on record: 6 filed against it. 4 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
| High courts | 1 | 1 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed against the company by M K C Green Energy Ltd Authorised Mori Hitesh Ajabhai | Pending |
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by Seven Energies Odisha Limited, Rep.By Srinivasarao Katnam | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (CR EN) | Filed against the company by M K C Green Energy Ltd Authorised Mori Hitesh Ajabhai | Disposed |
| High Court of Gujarat | Court case (SCR.A) | Filed against the company | Pending |
To see the full case history of Onix Renewable 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
No delayed payments to MSME suppliers are on our record for Onix Renewable Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Onix Renewable has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Onix-Tech Renewable Private Limited | U40109GJ2021PTC121365 |
To see the full group structure of Onix Renewable Limited, buy the company report.
Employees & EPFO
Onix Renewable Limited has a workforce of 1,385 employees on its EPFO records as of Dec 01, 2025, across 1 active EPFO establishment.
GST
Onix Renewable has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCE8197L1Z4 | Gujarat | Active | 01 Jul 2017 |
| 23AADCE8197L2Z5 | Madhya Pradesh | Active | 17 Nov 2018 |
| 06AADCE8197L1Z2 | Haryana | Active | 05 Oct 2022 |
| 08AADCE8197L1ZY | Rajasthan | Active | 08 Oct 2024 |
To see the full GST registrations and return filing status of Onix Renewable Limited, buy the company report.
Recent activity
Onix Renewable Limited has 9 board changes on record since 2017: 5 appointments and 4 cessations. The latest: Madhuri Divyesh Savaliya was appointed as Additional Director on 01 Dec 2025.
24 earlier events are in the company report.
News
Frequently asked questions
Onix Renewable is an active public limited company based in Metoda, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 07 October 2014 (12+ years old) and is registered under CIN U35105GJ2014PLC080979.
Onix Renewable has 3 current directors:
- Divyesh Mansukhbhai Savalia - Director
- Piyush Mansukhbhai Savalia - Additional Director
- Madhuri Divyesh Savaliya - Additional Director
The latest financial statements of Onix Renewable on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Onix Renewable is 24AADCE8197L1Z4, registered in Gujarat. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 23AADCE8197L2Z5 (Madhya Pradesh), 06AADCE8197L1Z2 (Haryana), 08AADCE8197L1ZY (Rajasthan).
The CIN (Corporate Identification Number) of Onix Renewable is U35105GJ2014PLC080979. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Onix Renewable has 6 court cases on record: 6 filed against it. 4 are pending. Most are in the district courts.
Onix Renewable was incorporated on 07 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Onix Renewable has 10 deals on record (4 funding rounds, 4 secondary share transfers, 2 rights issues), with disclosed funding of ₹566.07 Cr; the latest was in January 2025.
Madhuri Divyesh Savaliya was appointed as Additional Director on 01 Dec 2025. Piyush Mansukhbhai Savalia was appointed as Additional Director on 01 Sep 2025. Divyesh Mansukhbhai Savalia was appointed as Director on 01 Dec 2022. Onix Renewable has 9 board changes on record in total.
Onix Renewable can be reached through the website onixgroup.in. Its registered office is in Metoda, Gujarat, India.