About Renewable Energy Corporation (India) Private Limited
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Renewable Energy Corporation (India) Private Limited is a foreign private limited company based in Haryana, India, a subsidiary of Rec Solar Pte Ltd., Singapore. It operates in the power epc segment of the energy and power sector. It was incorporated on 27 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U40106HR2012FTC090670. Its GSTIN is 06AAGCR0061F1ZS (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹2.7 Cr. It is led by directors Somnath Yogi (Whole-Time Director) and Chintala Vidur Shruthi.
Its last annual general meeting (AGM) was held on 27 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Office No. S – 01 Regus Business Centre 10th Floor, Tower – B Unitech Cyber Park Sector 39 Gurugram, Haryana, India – 122003.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.27 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹9.64 Lakh (net margin 4.2%) and EBITDA of ₹14.68 Lakh (EBITDA margin 6.5%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years.
The company is associated with 1 brand: REC Group.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website recgroup.com.
Company details
CIN history
Renewable Energy Corporation (India) has one previous CIN (Corporate Identification Number): U40106DL2012FTC239439. The current CIN is U40106HR2012FTC090670, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106HR2012FTC090670 | Current |
| U40106DL2012FTC239439 | Previous |
Contact details
Renewable Energy Corporation (India) Private Limited's registered office is in Haryana. Its website is recgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressOffice No. S – 01 Regus Business Centre 10th Floor, Tower – B Unitech Cyber Park Sector 39 Gurugram, Haryana, India – 122003
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Renewable Energy Corporation (India) 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
Renewable Energy Corporation (India) operates one associated brand: REC Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| REC Group is recognized as a leading solar panel manufacturer. | recgroup.com |
Business activity
The main business activity of Renewable Energy Corporation (India) is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Renewable Energy Corporation (India) Private Limited, buy the company report.
Financials of Renewable Energy Corporation (India) Private Limited
FY 2023 filings availableRenewable Energy Corporation (India) Private Limited reported revenue of ₹2.27 Cr (down 25% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over three years, including a 25% fall in the latest year. EBITDA fell 51% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹14.68 Lakh | ||||
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| Net Profit (PAT) | ₹9.64 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 6.5% | ||||
| Net Profit Margin | 4.2% | ||||
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To see the full financial statements and ratios of Renewable Energy Corporation (India) Private Limited, buy the company report.
Board of directors of Renewable Energy Corporation (India) Private Limited
Renewable Energy Corporation (India) has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintala Vidur Shruthi | Additional Director | 28 Dec 2023 | 2 Years 10 Months | Current |
| Somnath Yogi | Whole-Time Director | 28 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Renewable Energy Corporation (India) Private Limited is audited by P Y S & CO LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P Y S & CO LLP | FY 2020 | 012388S |
Shareholding
The shareholding of Renewable Energy Corporation (India) Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Renewable Energy Corporation (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Renewable Energy Corporation (India) 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
No delayed payments to MSME suppliers are on our record for Renewable Energy Corporation (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Renewable Energy Corporation (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAGCR0061F1ZS | Haryana | Active | 30 Nov 2019 |
To see the full GST registrations and return filing status of Renewable Energy Corporation (India) Private Limited, buy the company report.
Recent activity
Renewable Energy Corporation (India) Private Limited has 14 board changes on record since 2013: 2 appointments and 12 cessations. The latest: Chintala Vidur Shruthi was appointed as Additional Director on 28 Dec 2023.
5 earlier events are in the company report.
News
Frequently asked questions
Renewable Energy Corporation (India) is an active foreign private limited company based in Haryana, India. The company works in power epc, within the energy and power industry. It was incorporated on 27 July 2012 (14+ years old) and is registered under CIN U40106HR2012FTC090670.
Renewable Energy Corporation (India) has 2 current directors:
- Somnath Yogi - Whole-Time Director
- Chintala Vidur Shruthi - Additional Director
The latest financial statements of Renewable Energy Corporation (India) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 27 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Renewable Energy Corporation (India) is 06AAGCR0061F1ZS, registered in Haryana. 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 Renewable Energy Corporation (India) is U40106HR2012FTC090670. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Renewable Energy Corporation (India) was incorporated on 27 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Haryana.
Chintala Vidur Shruthi was appointed as Additional Director on 28 Dec 2023. Somnath Yogi ceased to be Additional Director on 24 Jun 2022. Rohit Kumar Vuppugandla ceased to be Whole-Time Director on 31 Mar 2022. Renewable Energy Corporation (India) has 14 board changes on record in total.
Renewable Energy Corporation (India) can be reached through the website recgroup.com. Its registered office is in Haryana, India.
The registered office of Renewable Energy Corporation (India) is at Office No. S – 01 Regus Business Centre 10th Floor, Tower – B Unitech Cyber Park Sector 39 Gurugram, Haryana, India – 122003.
Renewable Energy Corporation (India) operates in the energy and power industry, in the power epc segment.
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