
Param Capital Research Private Limited
About Param Capital Research Private Limited
Data last updated:
Param Capital Research Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 25 September 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1996PTC102851. Its GSTIN is 27AAACP5047P1ZZ (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹88.62 Lakh. It is led by directors Mukul Mahavir Agrawal and Asha Mukul Agrawal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.21 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹91.28 Cr (net margin 82.8%) and EBITDA of ₹94.68 Cr (EBITDA margin 85.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 87% over five years.
As per MCA filings, the company has satisfied charges of ₹27.71 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Param Capital Research Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address208 – 209 The Capital Plot No. C – 70 Blok G Bandra Kurla Complex Bandra (Ea, St), Mumbai, Maharashtra, India – 400051
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Param Capital Research 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 Param Capital Research 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 Param Capital Research Private Limited, buy the company report.
Financials of Param Capital Research Private Limited
FY 2024 filings availableParam Capital Research Private Limited reported revenue of ₹110.21 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 87% over five years, including 24% growth in the latest year. EBITDA rose 26% 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 |
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| EBITDA | ₹94.68 Cr | ||||
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| Net Profit (PAT) | ₹91.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 85.9% | ||||
| Net Profit Margin | 82.8% | ||||
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To see the full financial statements and ratios of Param Capital Research Private Limited, buy the company report.
Board of directors of Param Capital Research Private Limited
Param Capital Research has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Mahavir Agrawal | Director | 28 Sep 1996 | 30 Years 1 Months | Current |
| Asha Mukul Agrawal | Director | 15 Oct 2004 | 22 Years 0 Months | Current |
Peer comparison
Param Capital Research Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (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 |
|---|---|---|---|---|---|---|
| Saipuram Wind Energies Private Limited | ₹111.21 Cr (FY 2025) | -7.0% | Hyderabad, Telangana, India | |||
| Green Infra Wind Power Generation Limited | ₹110.74 Cr (FY 2025) | -11.0% | Gurgaon, Haryana, India | |||
| Helios Infratech Private Limited | ₹110.3 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Param Capital Research Private Limitedthis company | ₹110.21 Cr (FY 2025) | ₹91.28 Cr | 82.8% | 24.0% | Mumbai, Maharashtra, India | |
| JSW Vayu (Godavari) Private Limited | ₹109.62 Cr (FY 2025) | -16.0% | Hyderabad, Telangana, India | |||
| JSW Vayu (Krishna) Private Limited | ₹109.14 Cr (FY 2025) | -14.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Param Capital Research Private Limited, buy the company report.
Auditor
Param Capital Research Private Limited is audited by AJMERA AJMERA AND ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AJMERA AJMERA AND ASSOCIATES | FY 2024 | 123989W |
Shareholding
The shareholding of Param Capital Research Private 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Param Capital Research Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2009 | 10172694 | Nkgsb Co-Op. Bank Ltd. | ₹5.63 Cr | Satisfied | |
| 23 Jul 2009 | 10172693 | Nkgsb Co-Op. Bank Ltd. | ₹2.82 Cr | Satisfied | |
| 29 Feb 2008 | 10103975 | Nkgsb Co-Op. Bank Ltd. | ₹5 Cr | Satisfied | |
| 29 Feb 2008 | 10103978 | Nkgsb Co-Op. Bank Ltd. | ₹9.26 Cr | Satisfied | |
| 03 Feb 2007 | 10041216 | Union Bank of India | ₹5 Cr | Satisfied |
To see the full charge records of Param Capital Research Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Param Capital Research Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Crown Aishwarya Mega Projects - Hitesh A Nihalani Ltd | Disposed |
To see the full case history of Param Capital Research 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Param Capital Research Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Param Capital Research has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACP5047P1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 08AAACP5047P1ZZ | Rajasthan | Active | 01 Jul 2017 |
| 24AAACP5047P1Z5 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Param Capital Research Private Limited, buy the company report.
Recent activity
Param Capital Research Private Limited has 5 board changes on record since 1996: 2 appointments and 3 cessations. The latest: Satish Bansilal Jain ceased to be Director on 25 Nov 2011.
7 earlier events are in the company report.
Frequently asked questions
Param Capital Research is an active private limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 25 September 1996 (30+ years old) and is registered under CIN U67120MH1996PTC102851.
Param Capital Research has 2 current directors:
- Mukul Mahavir Agrawal - Director
- Asha Mukul Agrawal - Director
The latest financial statements of Param Capital Research 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 Param Capital Research is 27AAACP5047P1ZZ, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 08AAACP5047P1ZZ (Rajasthan), 24AAACP5047P1Z5 (Gujarat).
The CIN (Corporate Identification Number) of Param Capital Research is U67120MH1996PTC102851. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Param Capital Research has 1 court case on record: 1 filed against it.
Param Capital Research was incorporated on 25 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Param Capital Research by revenue are Saipuram Wind Energies Private Limited, Green Infra Wind Power Generation Limited, Helios Infratech Private Limited, JSW Vayu (Godavari) Private Limited, JSW Vayu (Krishna) Private Limited, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Satish Bansilal Jain ceased to be Director on 25 Nov 2011. Yogesh Premchand Jain ceased to be Director on 24 Nov 2010. Jayant Raju Avaral ceased to be Director on 25 Mar 2009. Param Capital Research has 5 board changes on record in total.
The registered office of Param Capital Research is at 208 – 209 The Capital Plot No. C – 70 Blok G Bandra Kurla Complex Bandra Ea, St, Mumbai, Maharashtra, India – 400051.
Param Capital Research operates in the environment industry, in the wind energy solutions segment.

