About Waaree Forever Energies Private Limited
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Waaree Forever Energies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 04 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2020PTC337133. Its GSTIN is 27ABDCS3688P1ZG (Maharashtra).
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Pawan Kumar Agrawal and Ankit Hitesh Doshi.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 602 6th Floor Western Edge – I Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.78 Cr. For the same year it recorded a net loss of ₹11.05 Cr (net margin -93.8%) and EBITDA of ₹5.42 Cr (EBITDA margin 46%).
As per MCA filings, the company has open charges of ₹900 Cr on record.
For more details, the company can be reached via its website waaree.com.
Company details
Contact details
Waaree Forever Energies Private Limited's registered office is in Mumbai, Maharashtra. Its website is waaree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address602 6th Floor Western Edge – I Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066
- IndustryEnergy and Power, Power Transmission & Distribution Services, Power Equipment Manufacturers
To see the full contact details of Waaree Forever Energies 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
Financials of Waaree Forever Energies Private Limited
FY 2025 filings availableWaaree Forever Energies Private Limited reported revenue of ₹11.78 Cr for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹5.42 Cr | ||||
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| Net Profit (PAT) | -₹11.05 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 | 46% | ||||
| Net Profit Margin | -93.8% | ||||
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To see the full financial statements and ratios of Waaree Forever Energies Private Limited, buy the company report.
Board of directors of Waaree Forever Energies Private Limited
Waaree Forever Energies has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Agrawal | Director | 25 Mar 2025 | 1 Years 7 Months | Current |
| Ankit Hitesh Doshi | Director | 04 Feb 2020 | 6 Years 9 Months | Current |
| Pujan Pankaj Doshi Also directs: Waaree PV Power LLP, Waasol Energies LLP, Waaree Renewable Technologies Limited and 5 more | Director | 04 Feb 2020 | 6 Years 9 Months | Current |
| Rajiv Agrawal Also directs: Nezero Forever Renewables Private Limited, Qubit Mobile Technology Private Limited, Panch Bhuta Energies Private Limited and 5 more | Director | 16 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Waaree Forever Energies Private Limited is compared with the 6 companies closest to it by revenue in the Infrastructure industry (Power Projects), 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 |
|---|---|---|---|---|---|---|
| Shruti Power Projects Private Limited | ₹12.23 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Sunalpha Energy Cleantech Private Limited | ₹12.17 Cr (FY 2024) | -60.0% | Jaipur, Rajasthan, India | |||
| Valiant Power Projects Private Limited | ₹12.11 Cr (FY 2024) | 191.0% | Mumbai, Maharashtra, India | |||
| Hinduja Renewables One Private Limited | ₹12 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Waaree Forever Energies Private Limitedthis company | ₹11.78 Cr (FY 2025) | -₹11.05 Cr | -93.8% | Mumbai, Maharashtra, India | ||
| Greenyana Sunstream Private Limited | ₹10.98 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Jyotikiran Energy Bhilwara Private Limited | ₹10.96 Cr (FY 2025) | -10.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Waaree Forever Energies Private Limited, buy the company report.
Auditor
Waaree Forever Energies Private Limited is audited by M.N. Sheth & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.N. Sheth & Associates | FY 2023 | 110061W |
Shareholding
The shareholding of Waaree Forever Energies Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Waaree Forever Energies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2025 | 101106554 | Others | ₹250 Cr | Open | |
| 02 Dec 2024 | 101025535 | Others | ₹450 Cr | Open | |
| 20 Nov 2024 | 101016396 | Others | ₹200 Cr | Open |
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Waaree Forever Energies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Waaree Forever Energies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Waaree Forever Energies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABDCS3688P1ZG | Maharashtra | Active | 11 Jul 2024 |
To see the full GST registrations and return filing status of Waaree Forever Energies Private Limited, buy the company report.
Recent activity
Waaree Forever Energies Private Limited has 6 board changes on record since 2020: 4 appointments and 2 cessations. The latest: Pawan Kumar Agrawal ceased to be Additional Director on 22 Sep 2025.
News
Frequently asked questions
Waaree Forever Energies is an active private limited company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 04 February 2020 (6+ years old) and is registered under CIN U40100MH2020PTC337133.
Waaree Forever Energies has 4 current directors:
- Pawan Kumar Agrawal - Director
- Ankit Hitesh Doshi - Director
- Pujan Pankaj Doshi - Director
- Rajiv Agrawal - Director
The latest financial statements of Waaree Forever Energies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Waaree Forever Energies is 27ABDCS3688P1ZG, registered in Maharashtra.
The CIN (Corporate Identification Number) of Waaree Forever Energies is U40100MH2020PTC337133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waaree Forever Energies was incorporated on 04 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Waaree Forever Energies by revenue are Shruti Power Projects Private Limited, Sunalpha Energy Cleantech Private Limited, Valiant Power Projects Private Limited, Hinduja Renewables One Private Limited, Greenyana Sunstream Private Limited and 1 more, all in the Infrastructure industry (Power Projects), with the same principal business activity (electric power generation, transmission and distribution).
Pawan Kumar Agrawal ceased to be Additional Director on 22 Sep 2025. Rajiv Agrawal ceased to be Additional Director on 22 Sep 2025. Rajiv Agrawal was appointed as Director on 16 Aug 2025. Waaree Forever Energies has 6 board changes on record in total.
Waaree Forever Energies can be reached through the website waaree.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Waaree Forever Energies is at 602 6th Floor Western Edge – I Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066.
Waaree Forever Energies operates in the energy and power industry, in the power transmission and distribution services segment.
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