Pennar Renewables Private Limited
About Pennar Renewables Private Limited
Data last updated:
Pennar Renewables Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Greenko Solar Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 25 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40108TG2013PTC089133. Its GSTIN is 36AAECN4451B2ZS (Telangana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5.4 Cr and a paid-up capital of ₹5 Cr. It was formerly known as New Era Enviro Ventures (Karimnagar) Pri Vate Limited and New Era Enviro Ventures (Karimnagar) Private Limited. It is led by directors Rama Gopal Thota and Srinivas Popuri.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Fourth Floor Plot No.13 Sy. No. 64 Part Block D Hitech City Layout Madhapur Village, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2025, the company reported a revenue of ₹32.77 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹12.89 Cr (net margin 39.3%) and EBITDA of ₹28.79 Cr (EBITDA margin 87.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Greenko Group. As per MCA filings, the company has open charges of ₹810 Cr and satisfied charges of ₹114.8 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 8 deals on record (6 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in September 2018. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 3 smaller; the largest is Suryoday One Energy Private Limited with revenue of ₹33.24 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2022, listing 11 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Pennar Renewables has undergone 2 name changes throughout its history. The company was previously known as New Era Enviro Ventures (Karimnagar) Pri Vate Limited, and New Era Enviro Ventures (Karimnagar) Private Limited. The current legal name is Pennar Renewables Private Limited.
| Company Name | Status |
|---|---|
| Pennar Renewables Private Limited | Current |
| New Era Enviro Ventures (Karimnagar) Pri Vate Limited | Previous |
| New Era Enviro Ventures (Karimnagar) Private Limited | Previous |
CIN history
Pennar Renewables has one previous CIN (Corporate Identification Number): U40108AP2013PTC089133. The current CIN is U40108TG2013PTC089133, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108TG2013PTC089133 | Current |
| U40108AP2013PTC089133 | Previous |
Contact details
Pennar Renewables Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFourth Floor Plot No.13 Sy. No. 64 Part Block D Hitech City Layout Madhapur Village, Hyderabad, Telangana, India – 500081
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Pennar 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
Brands
Pennar Renewables operates one associated brand: Greenko Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy transition and decarbonization solutions are provided by Greenko Group. | greenkogroup.com |
Business activity
The main business activity of Pennar 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 Pennar Renewables Private Limited, buy the company report.
Financials of Pennar Renewables Private Limited
FY 2025 filings availablePennar Renewables Private Limited reported revenue of ₹32.77 Cr (up 35% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 35% growth in the latest year. EBITDA rose 38% 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 | ₹28.79 Cr | ||||
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| Net Profit (PAT) | ₹12.89 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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| Profitability | |||||
| EBITDA Margin | 87.8% | ||||
| Net Profit Margin | 39.3% | ||||
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To see the full financial statements and ratios of Pennar Renewables Private Limited, buy the company report.
Board of directors of Pennar Renewables Private Limited
Pennar Renewables has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Gopal Thota Also directs: Proeco Energy Private Limited, Sei Enerstar Renewable Energy Private Limited, Shreyas Renewable Energy Private Limited and 5 more | Director | 01 Jan 2018 | 8 Years 9 Months | Current |
| Srinivas Popuri | Director | 01 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Pennar Renewables Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Suryoday One Energy Private Limited | ₹33.24 Cr (FY 2023) | 1.0% | Bangalore, Karnataka, India | |||
| Sei Green Flash Private Limited | ₹33.23 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Renew Ranga Reddy Solar Power Private Limited | ₹33.2 Cr (FY 2025) | -8.0% | Gurugram, Haryana, India | |||
| VVSR Green Energy Private Limited | ₹32.94 Cr (FY 2024) | 127.0% | Coimbatore, Tamil Nadu, India | |||
| Pennar Renewables Private Limitedthis company | ₹32.77 Cr (FY 2025) | ₹12.89 Cr | 39.3% | 35.0% | 22 | Hyderabad, Telangana, India |
| Top Light Renewable Energy Private Limited | ₹32.74 Cr (FY 2024) | 52.0% | Tirupur, Tamil Nadu, India | |||
| Talettutayi Solar Projects Five Private Limited | ₹32.67 Cr (FY 2025) | -7.0% | Gurgaon, Haryana, India | |||
| Mamadapur Solar Private Limited | ₹32.03 Cr (FY 2025) | -21.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Pennar Renewables Private Limited, buy the company report.
Auditor
Pennar Renewables Private Limited is audited by RAMU & RAVI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMU & RAVI | FY 2023 | 006610S |
Shareholding
The shareholding of Pennar Renewables Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Pennar Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2025 | 101048027 | Others | ₹670 Cr | Open | |
| 24 Aug 2018 | 100200766 | Others | ₹140 Cr | Open | |
| 19 Mar 2019 | 100246559 | Others | ₹10 Cr | Satisfied | |
| 30 Jun 2016 | 100038481 | State Bank of India | ₹79.8 Cr | Satisfied | |
| 22 Jun 2016 | 100039236 | Ifci Limited | ₹25 Cr | Satisfied |
To see the full charge records of Pennar Renewables Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Pennar Renewables Private Limited has 8 deals on record (6 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in September 2018.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Greenko Solar Private Limited Seller: Pennar Industries Limited |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: Greenko Solar Private Limited Seller: Pennar Industries Limited , Sharp Ventures, New Era Enviro Ventures Private Limited |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Sharp Ventures Seller: Pennar Industries Limited |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Sharp Ventures Seller: Pennar Industries Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: New Era Enviro Ventures Private Limited Seller: Trade Source INC |
To see the full deal history of Pennar Renewables Private 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
Pennar Renewables Private Limited has 2 court cases on record: 2 filed by Pennar Renewables. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against State of Telangana and 2 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against The Addl Commissioner of Office | Pending |
To see the full case history of Pennar Renewables 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.
Credit ratings & regulatory alerts
Pennar Renewables Private Limited was last rated by Care on 17 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Mar 2022 |
To see the full credit ratings and regulatory alerts of Pennar Renewables Private Limited, buy the company report.
MSME payment delays
Pennar Renewables Private Limited has 6 MSME Form 1 returns on record between 2019 and 2022, listing 11 overdue payments to 5 micro and small suppliers. 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 (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Arcedo Systems | |||
| Global Safety Solutions | |||
| an individual supplier | |||
| Deesawala Rubber Industries | |||
| an individual supplier |
To see the full MSME payment records of Pennar Renewables Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Pennar Renewables Private Limited has a workforce of 22 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Pennar Renewables has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECN4451B2ZS | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pennar Renewables Private Limited, buy the company report.
Recent activity
Pennar Renewables Private Limited has 14 board changes on record since 2015: 2 appointments and 12 cessations. The latest: Srinivas Popuri ceased to be Additional Director on 29 Nov 2021.
14 earlier events are in the company report.
Frequently asked questions
Pennar Renewables is an active private limited company based in Hyderabad, Telangana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 25 July 2013 (13+ years old) and is registered under CIN U40108TG2013PTC089133.
Pennar Renewables has 2 current directors:
- Rama Gopal Thota - Director
- Srinivas Popuri - Director
The latest financial statements of Pennar Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pennar Renewables is 36AAECN4451B2ZS, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Pennar Renewables is U40108TG2013PTC089133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pennar Renewables has 2 court cases on record: 2 filed by the company. 2 are pending.
Pennar Renewables was incorporated on 25 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Hyderabad.
Pennar Renewables has 8 deals on record (6 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹1.1 Cr; the latest was in September 2018.
The peers of Pennar Renewables by revenue are Suryoday One Energy Private Limited, Sei Green Flash Private Limited, Renew Ranga Reddy Solar Power Private Limited, VVSR Green Energy Private Limited, Top Light Renewable Energy Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Srinivas Popuri ceased to be Additional Director on 29 Nov 2021. Srinivas Chintapenta ceased to be Director on 01 Mar 2021. Srinivas Popuri was appointed as Director on 01 Mar 2021. Pennar Renewables has 14 board changes on record in total.
Pennar Renewables has 6 MSME Form 1 returns on record between 2019 and 2022, listing 11 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2022.
The registered office of Pennar Renewables is at Fourth Floor Plot No.13 Sy. No. 64 Part Block D Hitech City Layout Madhapur Village, Hyderabad, Telangana, India – 500081.