About Adani Wind Energy (Gujarat) Limited
Data last updated:
Adani Wind Energy (Gujarat) Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Green Energy Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 01 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45206GJ2008PLC128375. Its GSTIN is 09AAFCM9609M1ZT (Uttar Pradesh).
The company has an authorised share capital of ₹584.6 Cr and a paid-up capital of ₹530 Cr. It was formerly known as Moser Baer Energy & Infrastructure Limited. It is led by directors including Koushlya Vijay Melwani and Ravi Kapoor.
Its last annual general meeting (AGM) was held on 24 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹272.86 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹58.89 Cr (net margin 21.6%) and EBITDA of ₹248.72 Cr (EBITDA margin 91.2%). Revenue has grown at a compounded annual rate (CAGR) of 111% over three years and 73% over five years.
As per MCA filings, the company has open charges of ₹666.2 Cr and satisfied charges of ₹101.25 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it. The company has 11 deals on record (6 secondary share transfers, 3 rights issues, 1 funding round), with disclosed funding of ₹45 Cr; the latest was in March 2021. The company has 8 MSME Form 1 returns on record between 2018 and 2023, listing 11 overdue payments to 3 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 adanigreenenergy.com.
Company details
Name history
Adani Wind Energy (Gujarat) has undergone 2 name changes throughout its history. The company was previously known as Moser Baer Energy & Infrastructure Limited, and Adani Wind Energy (Gujarat) Limited. The current legal name is Adani Wind Energy (Gujarat) Limited.
| Company Name | Status |
|---|---|
| Adani Wind Energy (Gujarat) Limited | Current |
| Moser Baer Energy & Infrastructure Limited | Previous |
CIN history
Adani Wind Energy (Gujarat) has one previous CIN (Corporate Identification Number): U45206DL2008PLC182684. The current CIN is U45206GJ2008PLC128375, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45206GJ2008PLC128375 | Current |
| U45206DL2008PLC182684 | Previous |
Contact details
Adani Wind Energy (Gujarat) Limited's registered office is in Ahmedabad, Gujarat. Its website is adanigreenenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Adani Wind Energy (Gujarat) 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 Adani Wind Energy (Gujarat) 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 Adani Wind Energy (Gujarat) Limited, buy the company report.
Financials of Adani Wind Energy (Gujarat) Limited
FY 2026 filings availableAdani Wind Energy (Gujarat) Limited reported revenue of ₹272.86 Cr (down 2% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 73%. EBITDA rose 10% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹272.86 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹248.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹58.89 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.2% | ||||
| Net Profit Margin | 21.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Adani Wind Energy (Gujarat) Limited, buy the company report.
Board of directors of Adani Wind Energy (Gujarat) Limited
Adani Wind Energy (Gujarat) has 4 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Koushlya Vijay Melwani Also directs: Ashima Limited, Adani Renewable Energy Fifty Six Limited, Adani Renewable Energy Fifty Seven Limited and 5 more | Director | 10 Mar 2022 | 4 Years 8 Months | Current |
| Ravi Kapoor | Director | 22 Feb 2022 | 4 Years 8 Months | Current |
| Raj Kumar Jain Also directs: Adani Green Energy (Up) Limited, Kodangal Solar Parks Limited, Misha Organic Farms LLP and 5 more | Director | 21 Jan 2026 | 0 Years 9 Months | Current |
| Lokesh Kumar Jeengar Also directs: Adani Solar Energy Jodhpur Two Limited, Adani Renewable Energy Seven Limited, Adani Solar Energy Ap One Limited and 5 more | Director | 08 Nov 2024 | 2 Years 0 Months | Current |
Auditor
Adani Wind Energy (Gujarat) Limited is audited by DHARMESH PARIKH & CO LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH PARIKH & CO LLP | FY 2026 | 112054W/W100725 |
Shareholding
The shareholding of Adani Wind Energy (Gujarat) Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | 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 Adani Wind Energy (Gujarat) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2025 | 101069839 | Others | ₹46.84 Cr | Open | |
| 05 Mar 2025 | 101069847 | Others | ₹173.29 Cr | Open | |
| 28 Jun 2023 | 100743987 | Others | ₹224.66 Cr | Open | |
| 28 Jun 2023 | 100743994 | Others | ₹221.41 Cr | Open | |
| 20 Dec 2016 | 100068547 | Others | ₹101.25 Cr | Satisfied |
To see the full charge records of Adani Wind Energy (Gujarat) Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Adani Wind Energy (Gujarat) Limited has 11 deals on record (6 secondary share transfers, 3 rights issues, 1 funding round), with disclosed funding of ₹45 Cr; the latest was in March 2021.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Acquisition | Undisclosed | Buyer: Adani Green Energy Limited Seller: Peridot Power Ventures Limited , Hindustan Clean Energy Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Adani Green Energy Limited Seller: Hindustan Clean Energy Limited, Peridot Power Ventures Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Peridot Power Ventures Limited Seller: Hindustan Clean Energy Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Peridot Power Ventures Limited Seller: Hindustan Clean Energy Limited |
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Peridot Power Ventures Limited Seller: Hindustan Clean Energy Limited |
To see the full deal history of Adani Wind Energy (Gujarat) 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
Adani Wind Energy (Gujarat) Limited has 4 court cases on record: 3 filed by Adani Wind Energy (Gujarat), 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Writ petition | Filed by the company against Hindustan Clean Energy Ltd. New Dlhi and 2 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (APPLN ESI) | Filed by the company against Regional Director E.S.I Corporation, Ahmedabad | Disposed |
| Allahabad High Court | Court case (SPLAD) | Filed against the company by an individual | Disposed |
| District court, Lucknow, Uttar Pradesh | Court case (Regular Suit) | Filed by the company against an individual | Disposed |
To see the full case history of Adani Wind Energy (Gujarat) 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
Adani Wind Energy (Gujarat) Limited has 8 MSME Form 1 returns on record between 2018 and 2023, listing 11 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Reconnect Energy Solutions Limited | |||
| Mahesh Barcode Solutions Private Limited | |||
| C A & Associates |
To see the full MSME payment records of Adani Wind Energy (Gujarat) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Adani Wind Energy (Gujarat) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAFCM9609M1ZT | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adani Wind Energy (Gujarat) Limited, buy the company report.
Recent activity
Adani Wind Energy (Gujarat) Limited has 27 board changes on record since 2011: 4 appointments and 23 cessations. The latest: Raj Kumar Jain was appointed as Director on 21 Jan 2026.
28 earlier events are in the company report.
News
Frequently asked questions
Adani Wind Energy (Gujarat) is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 01 September 2008 (18+ years old) and is registered under CIN U45206GJ2008PLC128375.
Adani Wind Energy (Gujarat) has 4 current directors:
- Koushlya Vijay Melwani - Director
- Ravi Kapoor - Director
- Raj Kumar Jain - Director
- Lokesh Kumar Jeengar - Director
The latest financial statements of Adani Wind Energy (Gujarat) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Wind Energy (Gujarat) is 09AAFCM9609M1ZT, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Adani Wind Energy (Gujarat) is U45206GJ2008PLC128375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Wind Energy (Gujarat) has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the district courts.
Adani Wind Energy (Gujarat) was incorporated on 01 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Wind Energy (Gujarat) has 11 deals on record (6 secondary share transfers, 3 rights issues, 1 funding round), with disclosed funding of ₹45 Cr; the latest was in March 2021.
Raj Kumar Jain was appointed as Director on 21 Jan 2026. Lokesh Kumar Jeengar ceased to be Additional Director on 22 Jun 2025. Lokesh Kumar Jeengar was appointed as Director on 08 Nov 2024. Adani Wind Energy (Gujarat) has 27 board changes on record in total.
Adani Wind Energy (Gujarat) has 8 MSME Form 1 returns on record between 2018 and 2023, listing 11 overdue payments to 3 micro and small suppliers. The latest return was filed on 19 Dec 2023.
Adani Wind Energy (Gujarat) can be reached through the website adanigreenenergy.com. Its registered office is in Ahmedabad, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
