Param Renewable Energy Private Limited

Param Renewable Energy Private Limited - engineering in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U74999GJ2019PTC105888 Incorporated 04 January 2019 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company engineering MSME · Medium
Data last updated
Revenue · FY 2023
₹54.46 Cr
▲ 10% YoY
Net profit · FY 2023
₹1.08 Cr
Net margin 2%
EBITDA · FY 2023
₹3.45 Cr
EBITDA margin 6.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹58.27 Cr
Satisfied ₹2.98 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
1,034
Provident fund records

About Param Renewable Energy Private Limited

Data last updated:

Param Renewable Energy Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 04 January 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2019PTC105888. Its GSTIN is 24AAKCP2829D1ZK (Gujarat). The company holds 5 GST registrations, all of them active.

The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors Anmol Singh Jaggi and Puneet Singh Jaggi.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ahmedabad, Gujarat.

As per the financials filed for FY 2023, the company reported a revenue of ₹54.46 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.08 Cr (net margin 2%) and EBITDA of ₹3.45 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years.

The company has about 1,034 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Param Renewable Energy. As per MCA filings, the company has open charges of ₹58.27 Cr and satisfied charges of ₹2.98 Cr on record. Court records list 23 cases involving the company, including 23 filed against it; 13 cases are pending. The company has 1 deal on record (1 rights issue); the latest was in August 2020.

Param Renewable Energy Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0050515). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U74999GJ2019PTC105888
Registration Number 105888
Incorporation Date 04 January 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0050515
Key People
Anmol Singh Jaggi Director Puneet Singh Jaggi Director

Recognitions & Rankings of Param Renewable Energy

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-GJ-01-0050515

Contact details

Param Renewable Energy Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    15th Floor A Block Westgate Business Bay, S G Road, Ahmedabad, Gujarat, India – 380051
  • Industry
    Engineering, Industrial Maintenance & Repair Services

To see the full contact details of Param Renewable Energy Private Limited, buy the company report.

Comprehensive company report
Param Renewable Energy Private Limited - one report that includes everything
  • 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
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Secure checkout · GST invoice included

Brands

Param Renewable Energy operates one associated brand: Param Renewable Energy. Each brand links to its own profile.

BrandDescriptionWebsite
Param Renewable Energy
Offers operations and maintenance for solar, wind, and green hydrogen projects.paramrenewable.com

Business activity

The main business activity of Param Renewable Energy is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Param Renewable Energy Private Limited, buy the company report.

Financials of Param Renewable Energy Private Limited

FY 2023 filings available

Param Renewable Energy Private Limited reported revenue of ₹54.46 Cr (up 10% YoY) for FY 2023.

Revenue · FY 2023
₹54.46 Cr ▲ 10%
Net profit · FY 2023
₹1.08 Cr margin 2%
EBITDA · FY 2023
₹3.45 Cr margin 6.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 46%

Revenue has grown at a compounded annual rate (CAGR) of 28% over three years, including 10% growth in the latest year. EBITDA fell 6% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹54.46 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹3.45 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.08 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin6.3%
Net Profit Margin2%
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 Param Renewable Energy Private Limited, buy the company report.

Board of directors of Param Renewable Energy Private Limited

Param Renewable Energy has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anmol Singh Jaggi
Also directs: Capbridge Venture LLP, Param Wise LLP, Param Renewables LLP and 5 more
Director28 Apr 20206 Years 6 MonthsCurrent
Puneet Singh Jaggi
Also directs: Capbridge Venture LLP, Param Wise LLP, Param Renewables LLP and 5 more
Director28 Apr 20206 Years 6 MonthsCurrent
View all directors

Auditor

Param Renewable Energy Private Limited is audited by KAMLESH BHOJANI & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
KAMLESH BHOJANI & ASSOCIATESFY 2023127505W

Shareholding

The shareholding of Param Renewable Energy Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Param Renewable Energy Private Limited, buy the company report.

Charges & borrowings

Open charges
₹58.27 Cr
Satisfied charges
₹2.98 Cr
Breakdown by lending institutions
Others₹30.00 Cr
Sidbi₹20.00 Cr
Axis Bank Limited₹8.27 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
12 Nov 2024101001680Others₹1.25 CrOpen
12 Nov 2024101001681Others₹25 CrOpen
12 Nov 2024101003332Others₹3.75 CrOpen
05 Jan 2024100840161Sidbi₹20 CrOpen
17 Jun 2022100589717Axis Bank Limited₹26.81 LakhOpen

To see the full charge records of Param Renewable Energy Private Limited, buy the company report.

Total charge records: 13 View all charges

Deals & funding

Param Renewable Energy Private Limited has 1 deal on record (1 rights issue); the latest was in August 2020.

Total deals
1
Rights issue
1

Deals on record (1 of 1)

WhenDealAmountParties
Aug 2020Rights issue₹14 LakhInvestors: 2 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Param Renewable Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Param Renewable Energy Private Limited has a workforce of 1,034 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.

Employee count
1,034
Active EPFO establishments
1
Employee growth
45.02%

GST

Param Renewable Energy has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.

Total GSTINs
5
Active
5
GSTINStateStatusRegistered on
24AAKCP2829D1ZKGujaratActive31 Jan 2019
29AAKCP2829D1ZAKarnatakaActive12 Apr 2019
03AAKCP2829D1ZOPunjabActive01 Oct 2020
09AAKCP2829D1ZCUttar PradeshActive10 Oct 2020

To see the full GST registrations and return filing status of Param Renewable Energy Private Limited, buy the company report.

Recent activity

Param Renewable Energy Private Limited has 10 board changes on record since 2019: 6 appointments and 4 cessations. The latest: Akash Grover ceased to be Additional Director on 17 Apr 2025.

Ceased
Akash Grover ceased to be Additional Director.
Charges
A charge registered on 05 Feb 2022 via Charge ID 100537286 with Hdfc Bank Limited was fully satisfied on 05 Apr 2025.
Charges
A charge registered on 29 Dec 2021 via Charge ID 100526523 with Hdfc Bank Limited was fully satisfied on 05 Apr 2025.
Charges
A charge registered on 29 Dec 2021 via Charge ID 100526540 with Hdfc Bank Limited was fully satisfied on 05 Apr 2025.
Charges
A charge registered on 29 Sep 2021 via Charge ID 100499684 with Hdfc Bank Limited was fully satisfied on 05 Apr 2025.
Charges
A charge with Others amounted to Rs. 125.00 Lakh with Charge ID 101001680 was registered on 12 Nov 2024.
Charges
A charge with Others of Rs. 125.00 Lakh registered on 12 Nov 2024 with Charge ID 101001680 was modified on 12 Nov 2024.
Charges
A charge with Others amounted to Rs. 2,500.00 Lakh with Charge ID 101001681 was registered on 12 Nov 2024.
Charges
A charge with Others of Rs. 2,500.00 Lakh registered on 12 Nov 2024 with Charge ID 101001681 was modified on 12 Nov 2024.
Charges
A charge with Others amounted to Rs. 375.00 Lakh with Charge ID 101003332 was registered on 12 Nov 2024.
Charges
A charge with Others of Rs. 375.00 Lakh registered on 12 Nov 2024 with Charge ID 101003332 was modified on 12 Nov 2024.
Charges
A charge registered on 15 Jun 2022 via Charge ID 100593075 with Axis Bank Limited was fully satisfied on 16 Oct 2024.

23 earlier events are in the company report.

News

Frequently asked questions

Param Renewable Energy is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 04 January 2019 (7+ years old) and is registered under CIN U74999GJ2019PTC105888.

Param Renewable Energy has 2 current directors:

The latest financial statements of Param Renewable Energy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Param Renewable Energy is 24AAKCP2829D1ZK, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 29AAKCP2829D1ZA (Karnataka), 03AAKCP2829D1ZO (Punjab), 09AAKCP2829D1ZC (Uttar Pradesh).

The CIN (Corporate Identification Number) of Param Renewable Energy is U74999GJ2019PTC105888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Param Renewable Energy has 23 court cases on record: 23 filed against it. 13 are pending. Most are in the district courts.

Param Renewable Energy was incorporated on 04 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Param Renewable Energy has 1 deal on record (1 rights issue); the latest was in August 2020.

Akash Grover ceased to be Additional Director on 17 Apr 2025. Akash Grover was appointed as Additional Director on 01 Apr 2024. Deepak Roopchand Varandani ceased to be Director on 26 Oct 2020. Param Renewable Energy has 10 board changes on record in total.

Yes, Param Renewable Energy is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0050515).