About Refex Renewables & Infrastructure Limited
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Refex Renewables & Infrastructure Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 04 August 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN L40100TN1994PLC028263. Its GSTIN is 33AACCS3211N1ZJ (Tamil Nadu). The company holds 12 GST registrations, of which 7 are active. It is recorded as listed by MCA, but trading in its shares on BSE (531260) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹4.5 Cr. It was formerly known as Scanet Aqua Exports Limited and Scanet Exports Limited. It is led by directors including Kalpesh Kumar (Managing Director) and Pillappan Amalanathan.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹73.97 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹36.4 Cr (net margin -49.2%) and EBITDA of ₹38.54 Cr (EBITDA margin 52.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 3% over five years.
The company has about 59 employees on its provident fund (EPFO) records. Its group structure includes 22 subsidiaries.
The company is associated with 2 brands: SunEdison Infrastructure and Refex Group. As per MCA filings, the company has open charges of ₹10.9 Cr and satisfied charges of ₹5.73 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 9 deals on record (8 market trades, 1 acquisition); the latest was in December 2025. The company has 11 MSME Form 1 returns on record between 2019 and 2024, listing 222 overdue payments to 92 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 refex.co.in.
Company details
Name history
Refex Renewables & Infrastructure has undergone 5 name changes throughout its history. The current legal name is Refex Renewables & Infrastructure Limited.
| Company Name | Status |
|---|---|
| Refex Renewables & Infrastructure Limited | Current |
| Scanet Aqua Exports Limited | Previous |
| Scanet Exports Limited | Previous |
| Sunedison Infrastructure Limited | Previous |
| Vertical 7 Com Limited | Previous |
| Ykm Industries Limited | Previous |
CIN history
Refex Renewables & Infrastructure has one previous CIN (Corporate Identification Number): L05001TN1994PLC028263. The current CIN is L40100TN1994PLC028263, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40100TN1994PLC028263 | Current |
| L05001TN1994PLC028263 | Previous |
Contact details
Refex Renewables & Infrastructure Limited's registered office is in Chennai, Tamil Nadu. Its website is refex.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor Refex Towers Sterling Road Signal, 313 Valluvar Kottam High Road, Chennai, Tamil Nadu, India – 600034
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Refex Renewables & Infrastructure 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
Refex Renewables & Infrastructure operates two associated brands: SunEdison Infrastructure and Refex Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar products are manufactured and supplied by SunEdison in India. | sunedisoninfra.com | |
| Provider of refrigerator gas vertical | refex.co.in |
Business activity
The main business activity of Refex Renewables & Infrastructure is construction. In detail, this covers roads, railways, utility projects.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F2 | Roads, railways, Utility projects |
To see the full business activity and turnover split of Refex Renewables & Infrastructure Limited, buy the company report.
Financials of Refex Renewables & Infrastructure Limited
FY 2025 filings availableRefex Renewables & Infrastructure Limited reported revenue of ₹73.97 Cr (down 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 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 |
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| EBITDA | ₹38.54 Cr | ||||
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| Net Profit (PAT) | -₹36.4 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 52.1% | ||||
| Net Profit Margin | -49.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Refex Renewables & Infrastructure Limited, buy the company report.
Board of directors of Refex Renewables & Infrastructure Limited
Refex Renewables & Infrastructure has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pillappan Amalanathan | Director | 16 Jun 2020 | 6 Years 4 Months | Current |
| Anil Jain | Director | 11 Feb 2019 | 7 Years 9 Months | Current |
| Dinesh Kumar Agarwal | Director | 01 Oct 2024 | 2 Years 1 Months | Current |
| Kalpesh Kumar | Managing Director | 26 Jul 2018 | 8 Years 3 Months | Current |
| Talluri Jayanthi Also directs: International Conveyors Limited, Crescentis Capital Limited, Securekloud Technologies Limited and 2 more | Director | 14 Feb 2023 | 3 Years 8 Months | Current |
| Latha Venkatesh | Director | 14 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Refex Renewables & Infrastructure Limited is audited by V K A N & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K A N & Associates | FY 2023 | 014226S |
Shareholding
The shareholding of Refex Renewables & Infrastructure 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 Renewables & Infrastructure Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2026 | 101277562 | Hdfc Bank Limited | ₹40.38 Lakh | Open | |
| 19 Dec 2024 | 101059838 | Others | ₹10.5 Cr | Open | |
| 12 Feb 1997 | 80013970 | Bank of India | ₹5.4 Cr | Satisfied | |
| 10 Jun 1995 | 80035065 | Bank of India | ₹33 Lakh | Satisfied |
To see the full charge records of Refex Renewables & Infrastructure Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Refex Renewables & Infrastructure Limited has 9 deals on record (8 market trades, 1 acquisition); the latest was in December 2025.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹94.1 Lakh | Buyer: an individual |
| Jun 2025 | Market trade | ₹2.06 Cr | Seller: an individual |
| May 2024 | Market trade | ₹1.34 Cr | Seller: an individual |
| Feb 2024 | Market trade | ₹1.62 Cr | Seller: an individual |
| Apr 2018 | Acquisition | ₹4.3 Cr | Buyer: Sherisha Technologies Private Limited |
To see the full deal history of Refex Renewables & Infrastructure 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
Refex Renewables & Infrastructure Limited has 1 court case on record: 1 filed by Refex Renewables & Infrastructure. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Refex Renewables & Infrastructure 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
Refex Renewables & Infrastructure Limited has 11 MSME Form 1 returns on record between 2019 and 2024, listing 222 overdue payments to 92 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 92)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shriviraj Security Solutions Private Limited | |||
| an individual supplier | |||
| Ganga Shree Roop Security Services Private Limited | |||
| Gokul Precast Industries/Bhillai | |||
| an individual supplier |
To see the full MSME payment records of Refex Renewables & Infrastructure Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Refex Renewables & Infrastructure has 22 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Sil Mercury Solar Private Limited | U39000TN2020PTC136949 | |
| STPL Horticulture Private Limited | U40100TN2015PTC103281 | |
| Engender Developers Private Limited | U40100TN2016PTC112403 | |
| Sei Tejas Private Limited | U40101TN2013FTC094224 | |
| Swelter Energy Private Limited | U40102KA2015PTC083352 | |
| Sourashakthi Energy Private Limited | U40104KA2015PTC081039 |
To see the full group structure of Refex Renewables & Infrastructure Limited, buy the company report.
Employees & EPFO
Refex Renewables & Infrastructure Limited has a workforce of 59 employees on its EPFO records as of May 2026.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 59 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Refex Renewables & Infrastructure Limited, buy the company report.
GST
Refex Renewables & Infrastructure has 12 GST registrations: 7 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCS3211N1ZJ | Tamil Nadu | Active | 29 Aug 2018 |
| 27AACCS3211N1ZC | Maharashtra | Active | 11 Apr 2019 |
| 07AACCS3211N1ZE | Delhi | Active | 27 Jun 2019 |
| 22AACCS3211N1ZM | Chhattisgarh | Active | 06 Jul 2019 |
To see the full GST registrations and return filing status of Refex Renewables & Infrastructure Limited, buy the company report.
Recent activity
Refex Renewables & Infrastructure Limited has 41 board changes on record since 1994: 24 appointments and 17 cessations. The latest: Dinesh Kumar Agarwal was appointed as Director on 01 Oct 2024.
39 earlier events are in the company report.
News
Frequently asked questions
Refex Renewables & Infrastructure is an active public limited company based in Chennai, Tamil Nadu, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 04 August 1994 (32+ years old) and is registered under CIN L40100TN1994PLC028263.
Refex Renewables & Infrastructure has 6 current directors:
- Kalpesh Kumar - Managing Director
- Pillappan Amalanathan - Director
- Anil Jain - Director
- Dinesh Kumar Agarwal - Director
- Talluri Jayanthi - Director
- Latha Venkatesh - Director
The latest financial statements of Refex Renewables & Infrastructure on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Refex Renewables & Infrastructure is 33AACCS3211N1ZJ, registered in Tamil Nadu. The company has 12 GST registrations in all, of which 7 are active and 5 are cancelled or inactive. Other active GSTINs include 27AACCS3211N1ZC (Maharashtra), 07AACCS3211N1ZE (Delhi), 22AACCS3211N1ZM (Chhattisgarh).
The CIN (Corporate Identification Number) of Refex Renewables & Infrastructure is L40100TN1994PLC028263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Refex Renewables & Infrastructure is recorded as a listed company by MCA, but trading in its shares on BSE (531260) has been suspended, so they do not currently trade on a stock exchange.
Refex Renewables & Infrastructure has 1 court case on record: 1 filed by the company.
Refex Renewables & Infrastructure was incorporated on 04 August 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
Refex Renewables & Infrastructure has 9 deals on record (8 market trades, 1 acquisition); the latest was in December 2025.
Dinesh Kumar Agarwal was appointed as Director on 01 Oct 2024. Sunny Chandrakumar Jain ceased to be Director on 30 Sep 2024. Latha Venkatesh was appointed as Director on 14 Aug 2024. Refex Renewables & Infrastructure has 41 board changes on record in total.
Refex Renewables & Infrastructure has 11 MSME Form 1 returns on record between 2019 and 2024, listing 222 overdue payments to 92 micro and small suppliers. The latest return was filed on 24 Apr 2024.
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