About Sitac Re Private Limited
Data last updated:
Sitac Re Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Twp Holdings (Mauritius) Ltd.. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 02 February 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40101DL2006PTC145792. Its GSTIN is 07AACCN2500M1ZN (Delhi). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹44.89 Cr. It was formerly known as Theolia Wind Power Private Limited and Natenco Wind Power Private Limited. It is led by directors including Shekhar Kanchan and Malvinder Singh.
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 Flat No. 4 Floor Mezzanine Plot No. 10A, Sai Bhawan Commercial Complex Ranjit Nagar, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2025, the company reported a revenue of ₹38.71 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.67 Cr (net margin -6.9%) and EBITDA of ₹21.08 Cr (EBITDA margin 54.5%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 49% over five years.
As per MCA filings, the company has satisfied charges of ₹177.95 Cr on record. Court records list 14 cases involving the company, including 9 filed by the company and 3 filed against it. The company has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹51.05 Cr; the latest was in March 2018. Its 10 peer companies in the Cleantech industry (Wind Power) are compared by revenue, 5 larger and 5 smaller; the largest is Rishabh Constructions Private Limited with revenue of ₹39.3 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sitacltd.com.
Name History of Sitac Re Private Limited
Sitac Re has undergone 2 name changes throughout its history. The company was previously known as Theolia Wind Power Private Limited, and Natenco Wind Power Private Limited. The current legal name is Sitac Re Private Limited.
| Company Name | Status |
|---|---|
| Sitac Re Private Limited | Current |
| Theolia Wind Power Private Limited | Previous |
| Natenco Wind Power Private Limited | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFlat No. 4 Floor Mezzanine Plot No. 10A, Sai Bhawan Commercial Complex Ranjit Nagar, New Delhi, Delhi, India – 110008
- IndustryEnvironment, Wind Energy Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Sitac Re Private Limited
The main business activity of Sitac Re is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Sitac Re Private Limited FY 2025 filings available
Sitac Re Private Limited reported revenue of ₹38.71 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sitac Re Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 6% growth in the latest year. EBITDA fell 20% 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 of Sitac Re Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹21.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.67 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Sitac Re Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Sitac Re are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Sitac Re Private Limited
Sitac Re has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shekhar Kanchan | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Malvinder Singh | Director | 03 Mar 2023 | 3 Years 7 Months | Current |
| Parveen Ujla Also directs: Distinguished Power Solutions Private Limited, Fascinating Power Solutions Private Limited, Sitac Re Private Limited and 5 more | Director | 07 Dec 2019 | 6 Years 10 Months | Current |
| Shiv Singh Also directs: Distinguished Power Solutions Private Limited, Sitac DC Private Limited, Sitac DC Infra Private Limited and 5 more | Director | 31 Mar 2025 | 1 Years 6 Months | Current |
Peer Comparison of Sitac Re Private Limited
Sitac Re Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Wind Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rishabh Constructions Private Limited | ₹39.3 Cr (FY 2023) | •••• | •••• | -18.0% | •••• | Jaipur, Rajasthan, India |
| Torrent Saurya Urja 2 Private Limited | ₹39.28 Cr (FY 2025) | •••• | •••• | 613681.0% | •••• | Ahmedabad, Gujarat, India |
| Shri Dhanalakshmi Green Energy India Private Limited | ₹39.08 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Coimbatore, Tamil Nadu, India |
| Abrel Solar Power Limited | ₹38.92 Cr (FY 2025) | •••• | •••• | 39.0% | •••• | Mumbai, Maharashtra, India |
| Wind Construction Limited | ₹38.81 Cr (FY 2021) | •••• | •••• | 12.0% | •••• | Mumbai, Maharashtra, India |
| Sitac Re Private Limited this company | ₹38.71 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Ushdev Engitech Limited | ₹38.64 Cr (FY 2022) | •••• | •••• | 11.0% | •••• | Chennai, Tamil Nadu, India |
| First Energy 3 Private Limited | ₹38.51 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Pune, Maharashtra, India |
| Badoni Power Private Limited | ₹38.44 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | New Delhi, Delhi, India |
| Lakshmi Narasimha Textiles Private Limited | ₹38.37 Cr (FY 2023) | •••• | •••• | 35.0% | •••• | Coimbatore, Tamil Nadu, India |
| JSW Vayu (Pennar) Private Limited | ₹38.29 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Sitac Re by revenue in the Cleantech industry (Wind Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Sitac Re Private Limited
Sitac Re Private Limited is audited by SANJIV SAPRA & ASSOCIATES LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANJIV SAPRA & ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Sitac Re Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sitac Re Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jul 2022 | Others | ₹45 Lakh | Satisfied |
| 07 Jul 2022 | Others | ₹34 Cr | Satisfied |
| 27 Feb 2015 | Sbicap Trustee Company Limited | ₹143.5 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Sitac Re Private Limited
Sitac Re Private Limited has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹51.05 Cr; the latest was in March 2018.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Balad Investments limited Seller: Theolia Sa |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Twp Holdings (Mauritius) Ltd Seller: an individual |
| Mar 2013 | Funding round | ₹6.42 Cr | Investors: Twp Holdings (Mauritius) Ltd, 2 individuals |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: Twp Holdings (Mauritius) Ltd Seller: Theolia Mauritius Limited |
| Mar 2012 | Funding round | ₹18.79 Cr | Investors: Twp Holdings (Mauritius) Ltd, S S Enterprises, 2 individuals |
Full deal history
All 14 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sitac Re Private Limited
Sitac Re Private Limited has 14 court cases on record: 9 filed by Sitac Re, 3 filed against it, 2 where it is another party. All cases are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 2 | 0 |
| District courts | 6 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Ernst & Young LLP | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Energy Transmission Corporation Limited | Disposed |
| High Court of Gujarat | Appeal | Filed by the company against Gujarat Energy Transmission Corporation Limited | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Electricity Regulatory Commission | Disposed |
| District court, BOTAD, Gujarat | Court case (SPCS) | Filed by the company against an individual | Disposed |
Full case history
All 14 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Sitac Re Private Limited
Employment history and EPFO contributions of people linked to Sitac Re.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Sitac Re Private Limited
Sitac Re Private Limited has 19 board changes on record since 2007: 4 appointments and 15 cessations. The latest: Shiv Singh was appointed as Director on 31 Mar 2025.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sitac Re Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sitac Re Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Sitac Re Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Sitac Re Private Limited
Sitac Re has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCN2500M1ZN | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Sitac Re Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Sitac Re Private Limited
Frequently Asked Questions about Sitac Re Private Limited
Sitac Re is an active private limited company based in New Delhi, Delhi, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 02 February 2006 (20+ years old) and is registered under CIN U40101DL2006PTC145792.
Sitac Re reported revenue of ₹38.71 Cr for FY 2025 (up 6% YoY).
Sitac Re has 4 current directors:
- Shekhar Kanchan - Director
- Malvinder Singh - Director
- Parveen Ujla - Director
- Shiv Singh - Director
Sitac Re reported a net loss of ₹2.67 Cr (net margin -6.9%) and EBITDA of ₹21.08 Cr (EBITDA margin 54.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sitac Re is 51% over three years and 49% over five years. In the latest year (FY 2025) revenue rose 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sitac Re is 07AACCN2500M1ZN, registered in Delhi. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Sitac Re is U40101DL2006PTC145792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitac Re has 14 court cases on record: 9 filed by the company and 3 filed against it. Most are in the high courts.
Sitac Re was incorporated on 02 February 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Sitac Re has 14 deals on record (10 secondary share transfers, 4 funding rounds), with disclosed funding of ₹51.05 Cr; the latest was in March 2018.
The peers of Sitac Re by revenue are Rishabh Constructions Private Limited, Torrent Saurya Urja 2 Private Limited, Shri Dhanalakshmi Green Energy India Private Limited, Abrel Solar Power Limited, Wind Construction Limited and 5 more, all in the Cleantech industry (Wind Power).