About Essens Renewable Private Limited
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Essens Renewable Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Star Aeliana A Gmbh (Formerly Known As Solar Holding India Gmbh). It operates in the power epc segment of the energy and power sector. It was incorporated on 18 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74993MH2010PTC200223. Its GSTIN is 27AADCB9943K1Z7 (Maharashtra). The company holds 12 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹8.63 Cr. It was formerly known as Belectric Photovoltaic India Private Limited and Rwe Solar India Private Limited. It is led by directors Jitendra Kumar and Praful Shantaram Parkar.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹566.32 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹21.7 Cr (net margin 3.8%) and EBITDA of ₹24.31 Cr (EBITDA margin 4.3%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 26% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Essens Renewable and Belectric. As per MCA filings, the company has open charges of ₹227.11 Cr and satisfied charges of ₹42.52 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 4 filed against it; 2 cases are pending. The company has 7 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.65 Cr; the latest was in February 2023. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 745 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 essensrenewable.com.
Company details
Name history
Essens Renewable has undergone 2 name changes throughout its history. The company was previously known as Belectric Photovoltaic India Private Limited, and Rwe Solar India Private Limited. The current legal name is Essens Renewable Private Limited.
| Company Name | Status |
|---|---|
| Essens Renewable Private Limited | Current |
| Belectric Photovoltaic India Private Limited | Previous |
| Rwe Solar India Private Limited | Previous |
Contact details
Essens Renewable Private Limited's registered office is in Mumbai, Maharashtra. Its website is essensrenewable.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 602 – C Godrej Two Pirojshanagar, Eastern Express Highway Vikhroli – East, Mumbai, Maharashtra, India – 400079
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Essens Renewable 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
Essens Renewable operates two associated brands: Essens Renewable and Belectric. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Utility-scale solar PV projects are developed and operated. | belectric.com | |
| Renewable energy solutions focusing on solar PV projects and engineering services in India. | essensrenewable.com |
Business activity
The main business activity of Essens Renewable 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 Essens Renewable Private Limited, buy the company report.
Financials of Essens Renewable Private Limited
FY 2025 filings availableEssens Renewable Private Limited reported revenue of ₹566.32 Cr (up 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 32% growth in the latest year. EBITDA rose 67% 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 | ₹24.31 Cr | ||||
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| Net Profit (PAT) | ₹21.7 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 | 4.3% | ||||
| Net Profit Margin | 3.8% | ||||
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To see the full financial statements and ratios of Essens Renewable Private Limited, buy the company report.
Board of directors of Essens Renewable Private Limited
Essens Renewable has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Kumar Also directs: Sunrise Energy Generation Private Limited | Director | 05 Sep 2017 | 9 Years 2 Months | Current |
| Praful Shantaram Parkar Also directs: Sunrise Energy Generation Private Limited | Director | 20 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Essens Renewable Private Limited is audited by PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRICE WATERHOUSE CHARTERED ACCOUNTANTS LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Essens Renewable Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Essens Renewable Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 May 2025 | 101096801 | Others | ₹100 Cr | Open | |
| 03 Oct 2024 | 100988007 | Hdfc Bank Limited | ₹125 Cr | Open | |
| 08 Jun 2023 | 100727407 | The Hongkong and Shanghai Banking Corporation Limited | ₹76.94 Lakh | Open | |
| 08 Jun 2023 | 100727409 | The Hongkong and Shanghai Banking Corporation Limited | ₹43.8 Lakh | Open | |
| 08 Jun 2023 | 100727415 | The Hongkong and Shanghai Banking Corporation Limited | ₹59.86 Lakh | Open |
To see the full charge records of Essens Renewable Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Essens Renewable Private Limited has 7 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.65 Cr; the latest was in February 2023.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Rights issue | ₹62.39 Cr | Investors: Star Aeliana A Gmbh, Star Aeliana B Gmbh |
| Sep 2018 | Rights issue | ₹28 Cr | Investors: Star Aeliana A Gmbh |
| May 2018 | Rights issue | ₹15.98 Cr | Investors: Star Aeliana A Gmbh |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Star Aeliana B Gmbh Seller: 2 individuals |
| May 2014 | Funding round | ₹1.02 Cr | Investors: Star Aeliana A Gmbh |
To see the full deal history of Essens Renewable 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
Essens Renewable Private Limited has 8 court cases on record: 4 filed by Essens Renewable, 4 filed against it. 2 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 1 |
| District courts | 1 | 0 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by R M Controls Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Pavni (Guj) Solar Private Limited & Anr. | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Pavni Guj Solar Private Limited Formerly Aew India West One Private Limited & Anr. and 1 other | Disposed |
| Bombay High Court | Writ petition | Filed against the company | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Dabar Enterprises and 1 other | Pending |
To see the full case history of Essens Renewable 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
Essens Renewable Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 745 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 |
|---|---|---|---|
| an individual supplier | |||
| Triengo Engineering & Technical Services | |||
| Rai & Shah Export Private Limited | |||
| an individual supplier | |||
| Exact Pipes and Moulds Private Limited |
To see the full MSME payment records of Essens Renewable Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Essens Renewable 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 |
|---|---|---|
| Sunrise Energy Generation Private Limited | U74999MH2014PTC253967 |
To see the full group structure of Essens Renewable Private Limited, buy the company report.
GST
Essens Renewable has 12 GST registrations: 9 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB9943K1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 27AADCB9943K2Z6 | Maharashtra | Active | 28 Sep 2017 |
| 23AADCB9943K1ZF | Madhya Pradesh | Active | 01 Jul 2017 |
| 29AADCB9943K1Z3 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essens Renewable Private Limited, buy the company report.
Recent activity
Essens Renewable Private Limited has 14 board changes on record since 2010: 8 appointments and 6 cessations. The latest: Ashish Manglaprasad Upadhyay ceased to be Director on 06 May 2024.
33 earlier events are in the company report.
Frequently asked questions
Essens Renewable is an active private limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 18 February 2010 (16+ years old) and is registered under CIN U74993MH2010PTC200223.
Essens Renewable has 2 current directors:
- Jitendra Kumar - Director
- Praful Shantaram Parkar - Director
The latest financial statements of Essens Renewable on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Essens Renewable is 27AADCB9943K1Z7, registered in Maharashtra. The company has 12 GST registrations in all, of which 9 are active and 3 are cancelled or inactive. Other active GSTINs include 27AADCB9943K2Z6 (Maharashtra), 23AADCB9943K1ZF (Madhya Pradesh), 29AADCB9943K1Z3 (Karnataka).
The CIN (Corporate Identification Number) of Essens Renewable is U74993MH2010PTC200223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Essens Renewable has 8 court cases on record: 4 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Essens Renewable was incorporated on 18 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Essens Renewable has 7 deals on record (3 rights issues, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.65 Cr; the latest was in February 2023.
Ashish Manglaprasad Upadhyay ceased to be Director on 06 May 2024. Mario Alexander Seifried ceased to be Director on 06 May 2019. Ashish Manglaprasad Upadhyay was appointed as Director on 30 Mar 2019. Essens Renewable has 14 board changes on record in total.
Essens Renewable has 12 MSME Form 1 returns on record between 2019 and 2023, listing 745 overdue payments to 67 micro and small suppliers. The latest return was filed on 04 Jan 2024.
Essens Renewable can be reached through the website essensrenewable.com. Its registered office is in Mumbai, Maharashtra, India.
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