Refex Energy (Rajasthan) Private Limited
About Refex Energy (Rajasthan) Private Limited
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Refex Energy (Rajasthan) Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 12 November 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40100DL2009PTC226628. Its GSTIN is 09AAECR5511Q1ZW (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.6 Cr. It is led by directors Ashok Sharma (Whole-Time Director) and Rakesh Malhotra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 305 3rd Floor Bhanot Corner Pamposh Enclave Greater Kailash – I, New Delhi, Delhi, India – 110048.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.5 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹10.72 Cr (net margin 55%) and EBITDA of ₹16.77 Cr (EBITDA margin 86%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 4% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹50 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Refex Energy (Rajasthan) has one previous CIN (Corporate Identification Number): U40100TN2009PTC073511. The current CIN is U40100DL2009PTC226628, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100DL2009PTC226628 | Current |
| U40100TN2009PTC073511 | Previous |
Contact details
Refex Energy (Rajasthan) Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address305 3rd Floor Bhanot Corner Pamposh Enclave Greater Kailash – I, New Delhi, Delhi, India – 110048
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Refex Energy (Rajasthan) 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
Business activity
The main business activity of Refex Energy (Rajasthan) 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 Refex Energy (Rajasthan) Private Limited, buy the company report.
Financials of Refex Energy (Rajasthan) Private Limited
FY 2025 filings availableRefex Energy (Rajasthan) Private Limited reported revenue of ₹19.5 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 9% growth in the latest year. EBITDA rose 8% 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 | ₹16.77 Cr | ||||
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| Net Profit (PAT) | ₹10.72 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 | 86% | ||||
| Net Profit Margin | 55% | ||||
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To see the full financial statements and ratios of Refex Energy (Rajasthan) Private Limited, buy the company report.
Board of directors of Refex Energy (Rajasthan) Private Limited
Refex Energy (Rajasthan) has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Malhotra Also directs: Ultimate Electricals Private Limited, Ultimate Battery Private Limited, Ultimate Cables Private Limited and 3 more | Director | 20 Feb 2018 | 8 Years 8 Months | Current |
| Ashok Sharma Also directs: Flex New Energy Solutions Limited, Flex Battery Solutions Limited, A. R. Infrastructures & Projects Private Limited and 5 more | Whole-Time Director | 12 Dec 2012 | 13 Years 11 Months | Current |
Peer comparison
Refex Energy (Rajasthan) Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| MGM Green Energy Limited | ₹19.7 Cr (FY 2025) | 127.0% | Bhubaneswar, Odisha, India | |||
| PSPN Synergy Private Limited | ₹19.67 Cr (FY 2025) | 6.0% | Kanpur, Uttar Pradesh, India | |||
| Shivalakha Solar Energy Private Limited | ₹19.56 Cr (FY 2024) | -15.0% | Hyderabad, Telangana, India | |||
| Renew Wind Energy (Karnataka 3) Private Limited | ₹19.51 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Refex Energy (Rajasthan) Private Limitedthis company | ₹19.5 Cr (FY 2025) | ₹10.72 Cr | 55% | 9.0% | New Delhi, Delhi, India | |
| Renew Wind Energy (MP Four) Private Limited | ₹19.49 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Abrel Century Energy Limited | ₹19.49 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India | |||
| Symphony Vyapaar Private Limited | ₹19.37 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Terralight Solar Energy Patlasi Private Limited | ₹19.32 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Refex Energy (Rajasthan) Private Limited, buy the company report.
Auditor
Refex Energy (Rajasthan) Private Limited is audited by R.Arora & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R.Arora & Associates | FY 2023 | 005035N |
Shareholding
The shareholding of Refex Energy (Rajasthan) 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Refex Energy (Rajasthan) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Dec 2014 | 10534761 | Ifci Limited | ₹50 Cr | Satisfied |
To see the full charge records of Refex Energy (Rajasthan) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Refex Energy (Rajasthan) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Refex Energy (Rajasthan) Private Limited was last rated by Brickwork on 14 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 14 Jul 2022 |
To see the full credit ratings and regulatory alerts of Refex Energy (Rajasthan) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Refex Energy (Rajasthan) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Refex Energy (Rajasthan) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bundelkhand Projects Private Limited | U74120UP2003PTC027714 |
To see the full group structure of Refex Energy (Rajasthan) Private Limited, buy the company report.
GST
Refex Energy (Rajasthan) has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECR5511Q1ZW | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Refex Energy (Rajasthan) Private Limited, buy the company report.
Recent activity
Refex Energy (Rajasthan) Private Limited has 13 board changes on record since 2010: 3 appointments and 10 cessations. The latest: Rakesh Malhotra ceased to be Additional Director on 07 Jun 2018.
7 earlier events are in the company report.
Frequently asked questions
Refex Energy (Rajasthan) is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 12 November 2009 (17+ years old) and is registered under CIN U40100DL2009PTC226628.
Refex Energy (Rajasthan) has 2 current directors:
- Ashok Sharma - Whole-Time Director
- Rakesh Malhotra - Director
The latest financial statements of Refex Energy (Rajasthan) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Refex Energy (Rajasthan) is 09AAECR5511Q1ZW, registered in Uttar Pradesh. 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 Refex Energy (Rajasthan) is U40100DL2009PTC226628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refex Energy (Rajasthan) was incorporated on 12 November 2009, making it 17+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Refex Energy (Rajasthan) by revenue are MGM Green Energy Limited, PSPN Synergy Private Limited, Shivalakha Solar Energy Private Limited, Renew Wind Energy (Karnataka 3) Private Limited, Renew Wind Energy (MP Four) Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Rakesh Malhotra ceased to be Additional Director on 07 Jun 2018. Ashok Sharma ceased to be Director on 01 Jun 2018. Vipin Mital ceased to be Director on 22 Feb 2018. Refex Energy (Rajasthan) has 13 board changes on record in total.
The registered office of Refex Energy (Rajasthan) is at 305 3rd Floor Bhanot Corner Pamposh Enclave Greater Kailash – I, New Delhi, Delhi, India – 110048.
Refex Energy (Rajasthan) operates in the environment industry, in the solar energy solutions segment.
Refex Energy (Rajasthan) has no open charges and satisfied charges of ₹50 Cr as per latest MCA filings.
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