About Onix Renewable Limited
Data last updated:
Onix Renewable Limited is a public limited company based in Metoda, Gujarat, India, recognised as a startup by DPIIT. 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 ₹351.68 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 11.2%) and EBITDA of ₹58.35 Cr (EBITDA margin 16.6%). 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 5 filed against it; 4 cases are pending.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressP – 212 B Gate No: 2 Lodhika GIDC, Metoda, Gujarat, India – 360021
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
CIN History of Onix Renewable Limited
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 |
Associated Brands with Onix Renewable Limited
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 |
Competitors & Alternatives of Onix Renewable Limited
Brands and companies operating in the same space as Onix Renewable Limited include Avaada Group, Hero Future Energies, Azure Power and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Avaada Group | Renewable energy projects in solar, wind, and storage are developed. | Delhi, India | 2009 |
 Hero Future Energies | Renewable energy projects are developed for utility-scale and commercial use. | London, United Kingdom | 2012 |
 Azure Power | Provider of independent power producer in the utility scale renewable energy | Delhi, India | 2008 |
 ACME Group | Solar energy projects are developed for sustainable energy solutions. | Gurugram, India | 2003 |
 Acciona Energy | Renewable energy is developed, constructed, and marketed globally. | Madrid, Spain | 1997 |
 Adani Green Energy | Renewable energy power is produced independently by Adani Green Energy. | Ahmedabad, India | 2012 |
 SunSure | Renewable energy solutions including solar EPC and PPAs are provided. | Delhi, India | 2015 |
 Greenko Group | Energy transition and decarbonization solutions are provided by Greenko Group. | Hyderabad, India | 2006 |
 Atria Power | Renewable energy is produced via wind, solar, and hybrid systems. | Bengaluru, India | 1999 |
 Mytrah Energy | Wind and solar power projects are developed, owned, and operated. | Hyderabad, India | 2009 |
Business Activity of Onix Renewable Limited
The main business activity of Onix Renewable is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Onix Renewable Limited
Onix Renewable Limited is audited by S.D. Mehta & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.D. Mehta & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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 3 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 |
Financials of Onix Renewable Limited FY 2024 filings available
Onix Renewable Limited reported revenue of ₹351.68 Cr (up 140% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Onix Renewable Limited
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 of Onix Renewable Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹58.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.39 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 of Onix Renewable Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Onix Renewable are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Onix Renewable Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Onix Renewable Limited
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 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Onix Renewable Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2025 | Others | ₹3 Cr | Open |
| 30 Jul 2025 | Others | ₹50 Cr | Open |
| 24 Mar 2025 | Others | ₹127 Cr | Open |
| 24 Mar 2025 | Others | ₹5 Cr | Open |
| 20 Dec 2024 | Others | ₹27.21 Cr | Open |
Total charge records: 16 View all charges
Employees and EPFO Compliance at Onix Renewable Limited
Onix Renewable Limited has a workforce of 1,385 employees as of Dec 01, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Onix Renewable Limited
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Legal Cases of Onix Renewable Limited
Onix Renewable Limited has 6 court cases on record: 5 filed against it, 1 where it is another party. 4 cases are pending and 2 are disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
| High courts | 1 | 0 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Cheque dishonour complaint | Filed against the company by Seven Energies Odisha Limited | Pending |
| District court, GANDHINAGAR, Gujarat | Criminal complaint | Filed against the company by MKC Green Energy Limited | Pending |
| District court, GANDHINAGAR, Gujarat | Court case (CR EN) | Filed against the company by MKC Green Energy Limited | Disposed |
| High Court of Gujarat | Court case (SCR.A) | Company is another party | Pending |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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, Litigation & Regulatory Alerts for Onix Renewable Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Onix Renewable Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Onix Renewable Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Onix Renewable Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Onix Renewable Limited
Recent News on Onix Renewable Limited
Frequently Asked Questions about Onix Renewable Limited
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 reported revenue of ₹351.68 Cr for FY 2024 (up 140% YoY).
Onix Renewable has 3 current directors:
- Divyesh Mansukhbhai Savalia - Director
- Piyush Mansukhbhai Savalia - Additional Director
- Madhuri Divyesh Savaliya - Additional Director
Onix Renewable reported a net profit of ₹39.39 Cr (net margin 11.2%) and EBITDA of ₹58.35 Cr (EBITDA margin 16.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Onix Renewable is 75% over three years and 69% over five years. In the latest year (FY 2024) revenue rose 140%. CAGR is the steady yearly rate that links the first and the last year.
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: 5 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.