About Renewsys India Private Limited
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Renewsys India Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Far East Holdings Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 09 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36990MH2011PTC220771. Its GSTIN is 27AAGCP2384M2ZW (Maharashtra). The company holds 9 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹200 Cr and a paid-up capital of ₹176.48 Cr. It was formerly known as Positive Renewsys Private Limited. It is led by directors including Avinash Gope Hiranandani (Managing Director) and Rekha Bagry.
Its last annual general meeting (AGM) was held on 25 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 607 6th Floor Trade Center Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,416.93 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹243.63 Cr (net margin 10.1%) and EBITDA of ₹412.93 Cr (EBITDA margin 17.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 25% over five years.
The company has about 767 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Renewsys World. As per MCA filings, the company has open charges of ₹3,511.94 Cr and satisfied charges of ₹375.41 Cr on record. Court records list 13 cases involving the company, including 7 filed by the company and 6 filed against it; 5 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹602.41 Cr; the latest was in October 2018. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,305 overdue payments to 146 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 renewsysworld.com.
Company details
Contact details
Renewsys India Private Limited's registered office is in Mumbai, Maharashtra. Its website is renewsysworld.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 607 6th Floor Trade Center Bandra – Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Renewsys 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
Renewsys India operates one associated brand: Renewsys World. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces solar PV modules, cells, and components for energy sector applications. | renewsysworld.com |
Business activity
The main business activity of Renewsys India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Renewsys India Private Limited, buy the company report.
Financials of Renewsys India Private Limited
FY 2025 filings availableRenewsys India Private Limited reported revenue of ₹2,416.93 Cr (up 15% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 15% growth in the latest year. EBITDA rose 108% 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 | ₹412.93 Cr | ||||
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| Net Profit (PAT) | ₹243.63 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 | 17.1% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Renewsys India Private Limited, buy the company report.
Board of directors of Renewsys India Private Limited
Renewsys India has 7 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Gope Hiranandani Also directs: Solar Ancillary Manufacturers' Association | Managing Director | 18 Mar 2015 | 11 Years 7 Months | Current |
| Rekha Bagry Also directs: Florintree Nextech LLP, Josts Engineering Company Limited, Automobile Corporation of Goa Limited and 5 more | Director | 30 Aug 2021 | 5 Years 2 Months | Current |
| Sanjay Naraindas Kirpalani Also directs: Montana Exports LLP, Chaparral Holdings Company Pvt Ltd, Encept Premedia Private Limited and 1 more | Director | 27 Aug 2014 | 12 Years 2 Months | Current |
| Anagha Srinivas Rao Anasingaraju | Director | 30 Jul 2022 | 4 Years 3 Months | Current |
| Chandrakant Arun Modak | Director | 11 Oct 2023 | 3 Years 0 Months | Current |
| Sugandhi Krishnan Iyer Also directs: Jagsonpal Services Limited | Director | 20 Aug 2025 | 1 Years 2 Months | Current |
Auditor
Renewsys India Private Limited is audited by Price Waterhouse Cha r t e r ed Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Cha r t e r ed Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Renewsys India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Renewsys India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Dec 2025 | 101207021 | The Hongkong and Shanghai Banking Corporation Limited | ₹60 Cr | Open | |
| 11 Dec 2025 | 101207030 | The Hongkong and Shanghai Banking Corporation Limited | ₹5 Cr | Open | |
| 12 Nov 2025 | 101194466 | Others | ₹40 Cr | Open | |
| 02 Aug 2025 | 101145494 | Others | ₹151.49 Cr | Open | |
| 02 Aug 2025 | 101145515 | Others | ₹55 Cr | Open |
To see the full charge records of Renewsys India Private Limited, buy the company report.
Total charge records: 33 View all charges
Deals & funding
Renewsys India Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹602.41 Cr; the latest was in October 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Funding round | ₹178.78 Cr | Investors: Far East Holdings Ltd |
| Mar 2017 | Funding round | ₹76.77 Cr | Investors: Far East Holdings Ltd |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Far East Holdings Ltd Seller: Goldera International Ltd, Star Services & Investments Ltd |
| Aug 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2015 | Funding round | ₹276.87 Cr | Investors: Far East Holdings Ltd |
To see the full deal history of Renewsys India Private 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
Renewsys India Private Limited has 13 court cases on record: 7 filed by Renewsys India, 6 filed against it. 5 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 4 |
| High courts | 4 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed by the company against Pennar Industries Limited | Disposed |
| Supreme Court | Court case (0104-Labour Matters : Matters relating to wages, bonus, ad-hoc, casual daily wages & their regularisation) | Filed by the company against Federation of Karnataka Chamber of Commerce and Industry Rep. by: Mr.M.Lokaraj Secretary P.B. No. 9996, K. G. Road Bengaluru ,Bangalore , Karnataka and 38 others | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Revision Application ULP) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Condn of Delay-ULP) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Complaint ULP) | Filed by the company against an individual | Pending |
To see the full case history of Renewsys India 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
Renewsys India Private Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,305 overdue payments to 146 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 146)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Super Pack (Mumbai) Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Anil Cargo Private Limited | |||
| Planet Techtronnix (India) Private Limited |
To see the full MSME payment records of Renewsys India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Renewsys India Private Limited has a workforce of 767 employees on its EPFO records as of Nov 29, 2024, across 2 active EPFO establishments.
GST
Renewsys India has 9 GST registrations: 8 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCP2384M2ZW | Maharashtra | Active | 26 Jul 2017 |
| 27AAGCP2384M3ZV | Maharashtra | Active | 28 Feb 2019 |
| 27AAGCP2384M4ZU | Maharashtra | Active | 17 Feb 2022 |
| 29AAGCP2384M1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Renewsys India Private Limited, buy the company report.
Recent activity
Renewsys India Private Limited has 23 board changes on record since 2011: 15 appointments and 8 cessations. The latest: Sugandhi Krishnan Iyer was appointed as Director on 20 Aug 2025.
62 earlier events are in the company report.
News
Frequently asked questions
Renewsys India is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 09 August 2011 (15+ years old) and is registered under CIN U36990MH2011PTC220771.
Renewsys India has 7 current directors:
- Avinash Gope Hiranandani - Managing Director
- Rekha Bagry - Director
- Sanjay Naraindas Kirpalani - Director
- Anagha Srinivas Rao Anasingaraju - Director
- Chandrakant Arun Modak - Director
- Sugandhi Krishnan Iyer - Director
- Nandkumar Ramakrishna Pai - Director
The latest financial statements of Renewsys India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Renewsys India is 27AAGCP2384M2ZW, registered in Maharashtra. The company has 9 GST registrations in all, of which 8 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAGCP2384M3ZV (Maharashtra), 27AAGCP2384M4ZU (Maharashtra), 29AAGCP2384M1ZT (Karnataka).
The CIN (Corporate Identification Number) of Renewsys India is U36990MH2011PTC220771. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Renewsys India has 13 court cases on record: 7 filed by the company and 6 filed against it. 5 are pending. Most are in the district courts.
Renewsys India was incorporated on 09 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Renewsys India has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹602.41 Cr; the latest was in October 2018.
Sugandhi Krishnan Iyer was appointed as Director on 20 Aug 2025. Arun Ashok Lakhani ceased to be Director on 10 Apr 2025. Chandrakant Arun Modak was appointed as Director on 11 Oct 2023. Renewsys India has 23 board changes on record in total.
Renewsys India has 19 MSME Form 1 returns on record between 2019 and 2024, listing 1,305 overdue payments to 146 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Renewsys India can be reached through the website renewsysworld.com. Its registered office is in Mumbai, Maharashtra, India.
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