About Sitac Re Private Limited
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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 16 cases involving the company, including 9 filed by the company and 7 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.
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.
Company details
Name history
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 |
Contact details
Sitac Re Private Limited's registered office is in New Delhi, Delhi. Its website is sitacltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 4 Floor Mezzanine Plot No. 10A, Sai Bhawan Commercial Complex Ranjit Nagar, New Delhi, Delhi, India – 110008
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Sitac Re 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Sitac Re Private Limited, buy the company report.
Financials of Sitac Re Private Limited
FY 2025 filings availableSitac Re Private Limited reported revenue of ₹38.71 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹21.08 Cr | ||||
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| Net Profit (PAT) | -₹2.67 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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| EBITDA Margin | 54.5% | ||||
| Net Profit Margin | -6.9% | ||||
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To see the full financial statements and ratios of Sitac Re Private Limited, buy the company report.
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 |
Auditor
Sitac Re Private Limited is audited by SANJIV SAPRA & ASSOCIATES LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJIV SAPRA & ASSOCIATES LLP | FY 2022 | 009611N/N500058 |
Shareholding
The shareholding of Sitac Re Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Sitac Re Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jul 2022 | 100600010 | Others | ₹45 Lakh | Satisfied | |
| 07 Jul 2022 | 100600275 | Others | ₹34 Cr | Satisfied | |
| 27 Feb 2015 | 10553259 | Sbicap Trustee Company Limited | ₹143.5 Cr | Satisfied |
To see the full charge records of Sitac Re Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
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 |
To see the full deal history of Sitac Re 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
Sitac Re Private Limited has 16 court cases on record: 9 filed by Sitac Re, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 3 | 0 |
| High courts | 8 | 4 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Limited and 2 others | Disposed |
| High Court of Delhi | Commercial suit | Filed by the company against Ernst & Young LLP | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against Getco Known As Gujarat Energy Transmission Corporation Ltd and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Getco Known As Gujarat Energy Transmission Corporation Ltd and 3 others | Disposed |
| District court, Bhavnagar, Gujarat | Court case (SPCS) | Filed by the company against individuals | Disposed |
To see the full case history of Sitac Re 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
No delayed payments to MSME suppliers are on our record for Sitac Re Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sitac Re has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCN2500M1ZN | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sitac Re Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 4 current directors:
- Shekhar Kanchan - Director
- Malvinder Singh - Director
- Parveen Ujla - Director
- Shiv Singh - Director
The latest financial statements of Sitac Re on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
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 16 court cases on record: 9 filed by the company and 7 filed against it. Most are in the district 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.
Shiv Singh was appointed as Director on 31 Mar 2025. Malvinder Singh was appointed as Director on 03 Mar 2023. Shekhar Kanchan ceased to be Additional Director on 30 Sep 2022. Sitac Re has 19 board changes on record in total.
Sitac Re can be reached through the website sitacltd.com. Its registered office is in New Delhi, Delhi, India.