About Project Nine Renewable Power Private Limited
Data last updated:
Project Nine Renewable Power Private Limited is a private limited company based in Rajajinagarbangalore, Karnataka, India, a subsidiary of Ayana Renewable Power Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 07 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40100KA2020PTC139456. Its GSTIN is 29AAUCA1657Q1ZO (Karnataka).
The company has an authorised share capital of ₹360 Cr and a paid-up capital of ₹234 Cr. It was formerly known as Ayana Renewable Power Nine Private Limited. It is led by directors including Rohit Chandak and Sajida Dilawar Mulani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S 2904 29th Floor World Trade Centre Brigade Gateway #26/1 Dr. Rajkumar Road, Rajajinagarbangalore, Karnataka, India – 560055.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.78 Lakh, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹3.44 Cr and EBITDA of -₹3.44 Cr.
As per MCA filings, the company has open charges of ₹5,616.4 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in June 2023. Its 3 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 1 smaller; the largest is Vestin Solar Park Private Limited with revenue of ₹1.9 Lakh.
For more details, the company can be reached via its website ayanapower.com.
Company details
Contact details
Project Nine Renewable Power Private Limited's registered office is in Rajajinagarbangalore, Karnataka. Its website is ayanapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS 2904 29th Floor World Trade Centre Brigade Gateway #26/1 Dr. Rajkumar Road, Rajajinagarbangalore, Karnataka, India – 560055
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Project Nine Renewable Power 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
Financials of Project Nine Renewable Power Private Limited
FY 2025 filings availableProject Nine Renewable Power Private Limited reported revenue of ₹1.78 Lakh (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.44 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Project Nine Renewable Power Private Limited, buy the company report.
Board of directors of Project Nine Renewable Power Private Limited
Project Nine Renewable Power has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Chandak | Director | 07 Oct 2020 | 6 Years 0 Months | Current |
| Sajida Dilawar Mulani | Director | 16 Oct 2020 | 6 Years 0 Months | Current |
| Sonam Sarin | Director | 07 Oct 2020 | 6 Years 0 Months | Current |
Peer comparison
Project Nine Renewable Power Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Vestin Solar Park Private Limited | ₹1.9 Lakh (FY 2025) | 0.0% | Jaipur, Rajasthan, India | |||
| Swelect Solar Energy Private Limited | ₹1.86 Lakh (FY 2023) | -56.0% | Chennai, Tamil Nadu, India | |||
| Project Nine Renewable Power Private Limitedthis company | ₹1.78 Lakh (FY 2025) | -₹3.44 Cr | 24.0% | Rajajinagarbangalore, Karnataka, India | ||
| Project Sixteen Renewable Power Private Limited | ₹1.76 Lakh (FY 2025) | 2100.0% | Rajajinagar Bangalore, Karnataka, India |
To see the full peer comparison of Project Nine Renewable Power Private Limited, buy the company report.
Auditor
Project Nine Renewable Power Private Limited is audited by Satish & Ravi Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Satish & Ravi Associates | FY 2023 | 07214S |
Shareholding
The shareholding of Project Nine Renewable Power Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Project Nine Renewable Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2025 | 101110019 | Others | ₹3,800 Cr | Open | |
| 25 Mar 2025 | 101080616 | Others | ₹1,816.4 Cr | Open |
To see the full charge records of Project Nine Renewable Power Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Project Nine Renewable Power Private Limited has 1 deal on record (1 acquisition); the latest was in June 2023.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2023 | Acquisition | ₹3.99 Cr | Buyer: Ayana Renewable Power Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Project Nine Renewable Power Private Limited has 3 court cases on record: 1 filed by Project Nine Renewable Power, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Project Eleven Renewable Power Private Limited and 3 others | Pending |
| Supreme Court | Court case | Filed against the company by Eden Renewable Bercy Private Limited | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Project Nine Renewable Power 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 Project Nine Renewable Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Project Nine Renewable Power Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
GST
Project Nine Renewable Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAUCA1657Q1ZO | Karnataka | Active | 23 Dec 2022 |
To see the full GST registrations and return filing status of Project Nine Renewable Power Private Limited, buy the company report.
Recent activity
Project Nine Renewable Power Private Limited has 9 board changes on record since 2020: 6 appointments and 3 cessations. The latest: Arulkumar Pudur Shanmugasundaram ceased to be Director on 02 Sep 2025.
3 earlier events are in the company report.
News
Frequently asked questions
Project Nine Renewable Power is an active private limited company based in Rajajinagarbangalore, Karnataka, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 07 October 2020 (6+ years old) and is registered under CIN U40100KA2020PTC139456.
Project Nine Renewable Power has 3 current directors:
- Rohit Chandak - Director
- Sajida Dilawar Mulani - Director
- Sonam Sarin - Director
The latest financial statements of Project Nine Renewable Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Project Nine Renewable Power is 29AAUCA1657Q1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Project Nine Renewable Power is U40100KA2020PTC139456. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Project Nine Renewable Power has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Project Nine Renewable Power was incorporated on 07 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Project Nine Renewable Power has 1 deal on record (1 acquisition); the latest was in June 2023.
The peers of Project Nine Renewable Power by revenue are Vestin Solar Park Private Limited, Swelect Solar Energy Private Limited, Project Sixteen Renewable Power Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Arulkumar Pudur Shanmugasundaram ceased to be Director on 02 Sep 2025. Ashish Garg ceased to be Director on 04 Feb 2022. Arulkumar Pudur Shanmugasundaram was appointed as Director on 02 Feb 2021. Project Nine Renewable Power has 9 board changes on record in total.
Project Nine Renewable Power can be reached through the website ayanapower.com. Its registered office is in Rajajinagarbangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
