About Svaryu Energy Limited
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Svaryu Energy Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 16 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2008PLC438187. Its GSTIN is 27AADCR9790G1ZV (Maharashtra). The company holds 15 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹42.05 Cr and a paid-up capital of ₹17.22 Cr. It was formerly known as Refex Energy Private Limited and Refex Energy Limited. It is led by directors including Arun Sumer Mehta (Whole-Time Director) and Rajeev Kumar Sharma.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Marathon Futurex 29th Floor Unit No. 2916 To 2918, A Wing Mafatlal Mills Compound N M Joshi Marg Lower Parel Mumbai – 400013, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹324.7 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹3.93 Cr (net margin 1.2%) and EBITDA of ₹18.44 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 10% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Refex energy. As per MCA filings, the company has open charges of ₹58.6 Cr and satisfied charges of ₹471.58 Cr on record. Court records list 242 cases involving the company, including 82 filed by the company and 160 filed against it; 46 cases are pending. The company has 8 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹29.91 Cr; the latest was in March 2018. Its 3 peer companies in the Infrastructure industry (EPC, BoP and BTG, Power Projects, Power Trading), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 1 smaller; the largest is Parli Power Transmission Limited with revenue of ₹343.14 Cr. The company has 10 MSME Form 1 returns on record between 2018 and 2022, listing 153 overdue payments to 67 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website refexenergy.com.
Company details
Name history
Svaryu Energy has undergone 2 name changes throughout its history. The company was previously known as Refex Energy Private Limited, and Refex Energy Limited. The current legal name is Svaryu Energy Limited.
| Company Name | Status |
|---|---|
| Svaryu Energy Limited | Current |
| Refex Energy Private Limited | Previous |
| Refex Energy Limited | Previous |
CIN history
Svaryu Energy has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40100MH2008PLC438187, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100MH2008PLC438187 | Current |
| U40100TN2008PTC067360 | Previous |
| U40100TN2008PLC067360 | Previous |
Contact details
Svaryu Energy Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered AddressMarathon Futurex 29th Floor Unit No. 2916 To 2918, A Wing Mafatlal Mills Compound N M Joshi Marg Lower Parel Mumbai – 400013, Maharashtra, India – 400013
- IndustryEnergy and Power, Power EPC, Power Trading & Energy Markets, BoP & BTG Services
- 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
Svaryu Energy operates one associated brand: Refex energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a solar EPC company specializing in engineering, procurement, and construction. | refexenergy.com |
Business activity
The main business activity of Svaryu 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 |
To see the full business activity and turnover split of Svaryu Energy Limited, buy the company report.
Financials of Svaryu Energy Limited
FY 2023 filings availableSvaryu Energy Limited reported revenue of ₹324.7 Cr (up 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 4% growth in the latest year. EBITDA rose 2% 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 | ₹18.44 Cr | ||||
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| Net Profit (PAT) | ₹3.93 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Svaryu Energy Limited, buy the company report.
Board of directors and KMP of Svaryu Energy Limited
Svaryu Energy Limited currently reports 5 directors and 1 key managerial person. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Sumer Mehta Also directs: Quidel Solar Power Private Limited, Rel Cleantech Private Limited, Svaryu Electric Private Limited and 2 more | Whole-Time Director | 07 Jun 2010 | 16 Years 4 Months | Current |
| Rajeev Kumar Sharma | Director | 20 Jan 2020 | 6 Years 9 Months | Current |
| Meghna Mahendra Savla Also directs: Omnitex Industries (India) Limited, MSL Global Limited, Parshva Enterprises Limited and 2 more | Director | 20 Apr 2021 | 5 Years 6 Months | Current |
| Bhaskar Devadasan Nair Also directs: Shiyara Venture Private Limited, Unizen Logistics Private Limited, GSM Shipping and Logistics Private Limited and 1 more | Director | 09 Nov 2021 | 4 Years 11 Months | Current |
| Divya Madhusudan Kapadia Also directs: Rel Cleantech Private Limited, Sel Riico 2 Private Limited, Aril Infrastructure Private Limited and 3 more | Cfo | 01 Oct 2025 | 1 Years 0 Months | Current |
| Santosh Ganpat Ambekar | Nominee Director | 12 Oct 2022 | 4 Years 0 Months | Current |
Peer comparison
Svaryu Energy Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (EPC, BoP and BTG, Power Projects, Power Trading), 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 |
|---|---|---|---|---|---|---|
| Parli Power Transmission Limited | ₹343.14 Cr (FY 2022) | -5.0% | New Delhi, Delhi, India | |||
| Ecoren Energy India Private Limited | ₹336.65 Cr (FY 2024) | 11.0% | Hyderabad, Telangana, India | |||
| Svaryu Energy Limitedthis company | ₹324.7 Cr (FY 2023) | ₹3.93 Cr | 1.2% | 4.0% | Mumbai, Maharashtra, India | |
| Enerture Technologies Private Limited | ₹324.44 Cr (FY 2025) | 120.0% | Delhi, India |
To see the full peer comparison of Svaryu Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2024 | 100987995 | Others | ₹15 Cr | Open | |
| 02 Jul 2022 | 100597160 | Yes Bank Limited | ₹9.4 Cr | Open | |
| 09 Dec 2013 | 10467565 | Union Bank of India | ₹19.2 Cr | Open | |
| 24 Aug 2011 | 10308632 | Union Bank of India | ₹15 Cr | Open | |
| 27 Jun 2023 | 100746222 | Others | ₹184.6 Cr | Satisfied |
To see the full charge records of Svaryu Energy Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Svaryu Energy Limited has 8 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹29.91 Cr; the latest was in March 2018.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: Vama Energy Private Limited |
| Apr 2015 | Rights issue | ₹5.77 Cr | Investors: 2 individuals |
| Apr 2013 | Secondary share transfer | Undisclosed | Buyer: Refex Solar Power Private Limited , an individual Seller: 4 individuals |
| Mar 2012 | Funding round | ₹9.6 Lakh | Investors: Quidel Solar Power Private Limited |
| Jan 2011 | Funding round | ₹5.31 Cr | Investors: 4 individuals |
To see the full deal history of Svaryu Energy 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
Svaryu Energy Limited has 242 court cases on record: 82 filed by Svaryu Energy, 160 filed against it. 46 cases are pending and 196 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 142 | 123 | 33 |
| High courts | 84 | 33 | 11 |
| NCLAT | 14 | 3 | 1 |
| Supreme Court | 1 | 0 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 242)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Gautam Solar Private Limited | Pending |
| Madras High Court | Execution petition | Filed against the company by M/S. Powertech Constructions Pvt. Ltd | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Ceinsys Tech Limited | Pending |
| District court, North West, Delhi | Cheque dishonour complaint | Filed against the company by BR Green Industries Pvt. Ltd | Pending |
| District court, Central, Delhi | Cheque dishonour complaint | Filed against the company by Gee Aar Power Steel India Private Limited | Pending |
To see the full case history of Svaryu 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
Svaryu Energy Limited was last rated by Brickwork on 09 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Feb 2022 |
To see the full credit ratings and regulatory alerts of Svaryu Energy Limited, buy the company report.
MSME payment delays
Svaryu Energy Limited has 10 MSME Form 1 returns on record between 2018 and 2022, listing 153 overdue payments to 67 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 67)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Tectonicus Services (India) Private Limited | |||
| Super Safety Services | |||
| VRC Logistics | |||
| Trinity Touch Private Limited | |||
| Vivid Electromech Limited |
To see the full MSME payment records of Svaryu Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Svaryu Energy has 15 GST registrations: 11 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR9790G1ZV | Maharashtra | Active | 01 Jul 2017 |
| 08AADCR9790G1ZV | Rajasthan | Active | 01 Jul 2017 |
| 29AADCR9790G1ZR | Karnataka | Active | 01 Jul 2017 |
| 36AADCR9790G1ZW | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Svaryu Energy Limited, buy the company report.
Recent activity
Svaryu Energy Limited has 21 board changes on record since 2010: 6 appointments and 15 cessations. The latest: Divya Madhusudan Kapadia was appointed as CFO on 01 Oct 2025.
37 earlier events are in the company report.
Frequently asked questions
Svaryu Energy is an active public limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 16 April 2008 (18+ years old) and is registered under CIN U40100MH2008PLC438187.
Svaryu Energy has 6 current directors and KMP:
- Arun Sumer Mehta - Whole-Time Director
- Rajeev Kumar Sharma - Director
- Meghna Mahendra Savla - Director
- Bhaskar Devadasan Nair - Director
- Santosh Ganpat Ambekar - Nominee Director
- Divya Madhusudan Kapadia - Cfo
The latest financial statements of Svaryu Energy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Svaryu Energy is 27AADCR9790G1ZV, registered in Maharashtra. The company has 15 GST registrations in all, of which 11 are active and 4 are cancelled or inactive. Other active GSTINs include 08AADCR9790G1ZV (Rajasthan), 29AADCR9790G1ZR (Karnataka), 36AADCR9790G1ZW (Telangana).
The CIN (Corporate Identification Number) of Svaryu Energy is U40100MH2008PLC438187. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Svaryu Energy has 242 court cases on record: 82 filed by the company and 160 filed against it. 46 are pending. Most are in the district courts.
Svaryu Energy was incorporated on 16 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Svaryu Energy has 8 deals on record (3 funding rounds, 3 secondary share transfers, 1 rights issue), with disclosed funding of ₹29.91 Cr; the latest was in March 2018.
The peers of Svaryu Energy by revenue are Parli Power Transmission Limited, Ecoren Energy India Private Limited, Enerture Technologies Private Limited, all in the Infrastructure industry (EPC, BoP and BTG, Power Projects, Power Trading), with the same principal business activity (electric power generation, transmission and distribution).
Divya Madhusudan Kapadia was appointed as CFO on 01 Oct 2025. Santosh Ganpat Ambekar ceased to be Additional Director on 06 Mar 2023. Santosh Ganpat Ambekar was appointed as Nominee Director on 12 Oct 2022. Svaryu Energy has 21 board changes on record in total.
Svaryu Energy has 10 MSME Form 1 returns on record between 2018 and 2022, listing 153 overdue payments to 67 micro and small suppliers. The latest return was filed on 15 Sep 2023.
Svaryu Energy can be reached through the website refexenergy.com. Its registered office is in Mumbai, Maharashtra, India.