About Pravara Renewable Energy Limited
Data last updated:
Pravara Renewable Energy Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ajr Infra And Tolling Limited. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 04 August 2008.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH2008PLC185428. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹48 Cr and a paid-up capital of ₹47.92 Cr. It was formerly known as Falcon Projects Developers Limited. It is led by directors including Jitendra Dattatraya Patil and Lakshmayyah Sinmayandam Solagar.
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 3rd Floor Plot No. 3/8 Hamilton House J. N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400038.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹231.67 Cr on record. Court records list 34 cases involving the company, including 6 filed by the company and 28 filed against it; 23 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in August 2015. Its 4 peer companies in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 1 smaller; the largest is Clean Max Eliora Private Limited with revenue of ₹21.16 Cr.
The last known website on record is gammoninfra.com.
Company details
Contact details
Pravara Renewable Energy Limited's registered office is in Mumbai, Maharashtra. Its website is gammoninfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Plot No. 3/8 Hamilton House J. N. Heredia Marg Ballard Estate, Mumbai, Maharashtra, India – 400038
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Pravara Renewable Energy 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 Pravara Renewable Energy 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 |
Financials of Pravara Renewable Energy Limited
FY 2024 filings availableFinancial Statement Summary
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To see the full financial statements and ratios of Pravara Renewable Energy Limited, buy the company report.
Board of directors of Pravara Renewable Energy Limited
Pravara Renewable Energy has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Dattatraya Patil Also directs: Tidong Hydro Power Limited, Gammon Renewable Energy Infrastructure Projects Limited, Haryana Biomass Power Limited and 5 more | Director | 15 Mar 2021 | 5 Years 7 Months | As last reported |
| Lakshmayyah Sinmayandam Solagar Also directs: Sikkim Hydro Power Ventures Limited, Cochin Bridge Infrastructure Company Limited, Sony Mony Developers Private Limited and 1 more | Director | 12 Jan 2024 | 2 Years 9 Months | As last reported |
| Hemant Madansingh Chandel Also directs: Sikkim Hydro Power Ventures Limited, Tidong Hydro Power Limited, Gammon Renewable Energy Infrastructure Projects Limited and 3 more | Director | 23 Mar 2016 | 10 Years 7 Months | As last reported |
Peer comparison
Pravara Renewable Energy Limited is compared with the 4 companies closest to it by revenue in the Infrastructure industry (Power Projects, Renewable Energy), 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 |
|---|---|---|---|---|---|---|
| Clean Max Eliora Private Limited | ₹21.16 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| Sei Jyotiswaroop Power Private Limited | ₹21.08 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Mahati Hydro Power Projects Private Limited | ₹20.75 Cr (FY 2025) | 0.0% | Pune, Maharashtra, India | |||
| RT Renewable Energy India Private Limited | ₹20.21 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Pravara Renewable Energy Limited, buy the company report.
Auditor
Pravara Renewable Energy Limited is audited by Natvarlal Vepari and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Natvarlal Vepari and Co. | FY 2023 | 106971W |
Shareholding
The shareholding of Pravara Renewable Energy 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 |
|---|---|---|---|---|---|
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To see the full shareholding pattern of Pravara Renewable Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 May 2015 | 10570464 | Central Bank of India | ₹40 Cr | Open | |
| 19 Jul 2012 | 10370452 | Central Bank of India | ₹191.67 Cr | Open |
To see the full charge records of Pravara Renewable Energy Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Pravara Renewable Energy Limited has 1 deal on record (1 acquisition); the latest was in August 2015.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2015 | Acquisition | Undisclosed | Buyer: BIF Holdings Pte Ltd Seller: Ajr Infra and Tolling Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pravara Renewable Energy Limited has 34 court cases on record: 6 filed by Pravara Renewable Energy, 28 filed against it. 23 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 16 |
| High courts | 10 | 5 | 2 |
| NCLAT | 6 | 6 | 5 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Ajr Infra and Tolling Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Ajr Infra and Tolling Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Central Bank of India | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Ask Energy Solutions Pvt Ltd | Pending |
| Bombay High Court | Court case (CARBP) | Filed by the company against Ask Energy Solutions Pvt. Ltd. | Pending |
To see the full case history of Pravara Renewable Energy 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
Pravara Renewable Energy Limited was last rated by Care on 15 Apr 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 Apr 2026 |
To see the full credit ratings and regulatory alerts of Pravara Renewable Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pravara Renewable Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pravara Renewable Energy Limited has a workforce of 3 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Pravara Renewable Energy has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Pravara Renewable Energy Limited, buy the company report.
Recent activity
Pravara Renewable Energy Limited has 24 board changes on record since 2008: 3 appointments and 21 cessations. The latest: Lakshmayyah Sinmayandam Solagar ceased to be Additional Director on 29 Sep 2024.
18 earlier events are in the company report.
News
Frequently asked questions
Pravara Renewable Energy is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Pravara Renewable Energy is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 04 August 2008 and is registered under CIN U45202MH2008PLC185428. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Pravara Renewable Energy has 3 current directors:
- Jitendra Dattatraya Patil - Director
- Lakshmayyah Sinmayandam Solagar - Director
- Hemant Madansingh Chandel - Director
The latest financial statements of Pravara Renewable Energy 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 CIN (Corporate Identification Number) of Pravara Renewable Energy is U45202MH2008PLC185428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pravara Renewable Energy has open charges of ₹231.67 Cr and no satisfied charges on record as per latest MCA filings.
Pravara Renewable Energy has 34 court cases on record: 6 filed by the company and 28 filed against it. 23 are pending. Most are in the district courts.
Pravara Renewable Energy was incorporated on 04 August 2008. It is registered with the Registrar of Companies, Mumbai.
Pravara Renewable Energy has 1 deal on record (1 acquisition); the latest was in August 2015.
The peers of Pravara Renewable Energy by revenue are Clean Max Eliora Private Limited, Sei Jyotiswaroop Power Private Limited, Mahati Hydro Power Projects Private Limited, RT Renewable Energy India Private Limited, all in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution).
Lakshmayyah Sinmayandam Solagar ceased to be Additional Director on 29 Sep 2024. Lakshmayyah Sinmayandam Solagar was appointed as Director on 12 Jan 2024. Panayankulam Sabhapathi Mani ceased to be Additional Director on 12 Jan 2024. Pravara Renewable Energy has 24 board changes on record in total.
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