Parola Renewables Private Limited
About Parola Renewables Private Limited
Data last updated:
Parola Renewables Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Radiance Renewables Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 28 December 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2021PTC420192. Its GSTIN is 08AAMCP5632J1Z0 (Rajasthan).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.65 Cr. It is led by directors Vishal Jain and Mallikarjuna Ukkadala.
Its last annual general meeting (AGM) was held on 22 September 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 2025, the company reported a revenue of ₹4.02 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net loss of ₹56.67 Lakh (net margin -14.1%) and EBITDA of ₹3.21 Cr (EBITDA margin 79.7%).
As per MCA filings, the company has open charges of ₹46.61 Cr and satisfied charges of ₹300 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Parola Renewables has one previous CIN (Corporate Identification Number): U40100RJ2021PTC078874. The current CIN is U40100MH2021PTC420192, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100MH2021PTC420192 | Current |
| U40100RJ2021PTC078874 | Previous |
Contact details
Parola Renewables Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address611 Synergy Court Off., Ramchandra Lane Kanchpada, Mumbai, Maharashtra, India – 400064
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Parola Renewables 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 Parola Renewables 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 Parola Renewables Private Limited, buy the company report.
Financials of Parola Renewables Private Limited
FY 2025 filings availableParola Renewables Private Limited reported revenue of ₹4.02 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year. EBITDA rose 13% in the latest 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 |
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| EBITDA | ₹3.21 Cr | |||
| Profit Before Tax | ||||
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| Net Profit (PAT) | -₹56.67 Lakh | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 79.7% | |||
| Net Profit Margin | -14.1% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Parola Renewables Private Limited, buy the company report.
Board of directors of Parola Renewables Private Limited
Parola Renewables has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Jain Also directs: Voltalia Energy Private Limited, Azure Power Mercury Private Limited, Energywiz Private Limited and 5 more | Director | 07 Jul 2022 | 4 Years 4 Months | Current |
| Mallikarjuna Ukkadala Also directs: Solenco Solar Park Private Limited, Radiance Sunenergy Private Limited, Kushtagi Solar Power Private Limited and 5 more | Director | 07 Jul 2022 | 4 Years 4 Months | Current |
Peer comparison
Parola Renewables Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar 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 |
|---|---|---|---|---|---|---|
| J.R.G. Automotive Private Limited | ₹4.05 Cr (FY 2024) | 14.0% | Gurgaon, Haryana, India | |||
| Shiv-Vani Energy Limited | ₹4.04 Cr (FY 2025) | -3.0% | Delhi, India | |||
| JK Solar Private Limited | ₹4.04 Cr (FY 2024) | 49.0% | Gurgaon, Haryana, India | |||
| Parola Renewables Private Limitedthis company | ₹4.02 Cr (FY 2025) | -₹56.67 Lakh | -14.1% | 10.0% | Mumbai, Maharashtra, India | |
| E-Mug Energy Private Limited | ₹4.01 Cr (FY 2025) | 12.0% | Hyderabad, Telangana, India | |||
| Clearsky Solar Private Limited | ₹3.99 Cr (FY 2025) | -8.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Parola Renewables Private Limited, buy the company report.
Auditor
Parola Renewables Private Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Parola Renewables Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Parola Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101163313 | Others | ₹23.28 Cr | Open | |
| 22 Feb 2024 | 100875746 | Others | ₹23.33 Cr | Open | |
| 27 Sep 2023 | 100800446 | Idbi Trusteeship Services Limited | ₹150 Cr | Satisfied | |
| 16 Dec 2022 | 100655135 | Others | ₹150 Cr | Satisfied |
To see the full charge records of Parola Renewables Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Parola Renewables Private 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
Parola Renewables Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 5 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Parola Renewables Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Parola Renewables Private Limited has 1 active EPFO establishment as of Mar 05, 2025.
GST
Parola Renewables has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAMCP5632J1Z0 | Rajasthan | Active | 08 Sep 2022 |
To see the full GST registrations and return filing status of Parola Renewables Private Limited, buy the company report.
Recent activity
Parola Renewables Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Mallikarjuna Ukkadala ceased to be Additional Director on 23 Dec 2022.
3 earlier events are in the company report.
Frequently asked questions
Parola Renewables is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 28 December 2021 (5+ years old) and is registered under CIN U40100MH2021PTC420192.
Parola Renewables has 2 current directors:
- Vishal Jain - Director
- Mallikarjuna Ukkadala - Director
The latest financial statements of Parola Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Parola Renewables is 08AAMCP5632J1Z0, registered in Rajasthan.
The CIN (Corporate Identification Number) of Parola Renewables is U40100MH2021PTC420192. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parola Renewables was incorporated on 28 December 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Parola Renewables by revenue are J.R.G. Automotive Private Limited, Shiv-Vani Energy Limited, JK Solar Private Limited, E-Mug Energy Private Limited, Clearsky Solar Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Mallikarjuna Ukkadala ceased to be Additional Director on 23 Dec 2022. Vishal Jain ceased to be Additional Director on 23 Dec 2022. Abhay Kumar Singh ceased to be Director on 08 Jul 2022. Parola Renewables has 6 board changes on record in total.
Parola Renewables has 4 MSME Form 1 returns on record between 2023 and 2024, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Apr 2024.
The registered office of Parola Renewables is at 611 Synergy Court Off., Ramchandra Lane Kanchpada, Mumbai, Maharashtra, India – 400064.
Parola Renewables operates in the environment industry, in the solar energy solutions segment.
Parola Renewables has open charges of ₹46.61 Cr and satisfied charges of ₹300 Cr as per latest MCA filings.
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