About Suzlon Renewable Development Limited
Data last updated:
Suzlon Renewable Development Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Suzlon Global Services Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 05 July 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40108GJ2004PLC044409. Its GSTIN is 24AAICS2717D1ZO (Gujarat). The company holds 15 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹1,600 Cr and a paid-up capital of ₹1,479.92 Cr. It is led by directors including Balrajsinh Abhaysinh Parmar (Whole-Time Director) and Jayarama Prasad Chalasani.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Suzlon 5 Shrimali Society Nr Shri Krishna Complex Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹156.55 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹11.02 Cr (net margin 7%) and EBITDA of ₹27.6 Cr (EBITDA margin 17.6%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 15% over five years.
As per MCA filings, the company has satisfied charges of ₹47,790 Cr on record. Court records list 136 cases involving the company, including 72 filed by the company and 64 filed against it; 38 cases are pending. The company has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹411 Cr; the latest was in August 2024. Its 3 peer companies in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 2 larger and 1 smaller; the largest is A.R. Foundations Private Limited with revenue of ₹226.09 Cr. The company has 58 MSME Form 1 returns on record between 2015 and 2023, listing 2,259 overdue payments to 104 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 suzlon.com.
Company details
Contact details
Suzlon Renewable Development Limited's registered office is in Ahmedabad, Gujarat. Its website is suzlon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSuzlon 5 Shrimali Society Nr Shri Krishna Complex Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Suzlon Renewable Development 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 Suzlon Renewable Development is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Suzlon Renewable Development Limited, buy the company report.
Financials of Suzlon Renewable Development Limited
FY 2025 filings availableSuzlon Renewable Development Limited reported revenue of ₹156.55 Cr (up 57% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 57% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 534% 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 |
|---|---|---|---|---|---|
| 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 | ₹27.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.02 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.6% | ||||
| Net Profit Margin | 7% | ||||
| 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 Suzlon Renewable Development Limited, buy the company report.
Board of directors and KMP of Suzlon Renewable Development Limited
Suzlon Renewable Development Limited currently reports 4 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayarama Prasad Chalasani | Director | 18 Oct 2023 | 3 Years 0 Months | Current |
| Sameer Kantilal Shah Also directs: Suzlon Energy Limited | Director | 28 Oct 2024 | 1 Years 11 Months | Current |
| Seemantinee Shashank Khot | Director | 05 Feb 2022 | 4 Years 8 Months | Current |
| Rakesh Bhandari Also directs: Anshul Green Urja Limited, Swe Green Urja Limited, Shreya Green Urja Limited and 5 more | Cfo | 01 Aug 2020 | 6 Years 2 Months | Current |
| Balrajsinh Abhaysinh Parmar Also directs: Sil Transmission (Rajasthan) Private Limited | Whole-Time Director | 05 Jul 2004 | 22 Years 3 Months | Current |
Peer comparison
Suzlon Renewable Development Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| A.R. Foundations Private Limited | ₹226.09 Cr (FY 2024) | 93.0% | Chennai, Tamil Nadu, India | |||
| Allam Infinite India Private Limited | ₹171.82 Cr (FY 2020) | 27402.0% | Bangalore, Karnataka, India | |||
| Suzlon Renewable Development Limitedthis company | ₹156.55 Cr (FY 2025) | ₹11.02 Cr | 7% | 57.0% | Ahmedabad, Gujarat, India | |
| Vidhata Distributors Private Limited | ₹149.95 Cr (FY 2025) | 228.0% | Asansol, West Bengal, India |
To see the full peer comparison of Suzlon Renewable Development Limited, buy the company report.
Auditor
Suzlon Renewable Development Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Suzlon Renewable Development Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Suzlon Renewable Development Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2022 | 100633949 | Sbicap Trustee Company Limited | ₹4,053 Cr | Satisfied | |
| 17 Mar 2021 | 100424871 | State Bank of India | ₹11.29 Cr | Satisfied | |
| 24 Jun 2020 | 100343574 | Sbicap Trustee Company Limited | ₹22,006 Cr | Satisfied | |
| 03 Jan 2018 | 100148624 | Bank of India | ₹60 Cr | Satisfied | |
| 03 Jan 2018 | 100149797 | Others | ₹86 Cr | Satisfied |
To see the full charge records of Suzlon Renewable Development Limited, buy the company report.
Total charge records: 27 View all charges
Deals & funding
Suzlon Renewable Development Limited has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹411 Cr; the latest was in August 2024.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: Suzlon Global Services Limited & Peter John Baptist, Suzlon Global Services Limited & Santosh Mishra, Suzlon Global Services Limited & Anoop Khatry Seller: Suzlon Energy Limited & Tulsi R.Tanti, Suzlon Energy Limited , Suzlon Energy Limited & Harish H.Mehta |
| Mar 2016 | Secondary share transfer | Undisclosed | Seller: Suzlon Energy Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Suzlon Global Services Limited Seller: Suzlon Energy Limited |
| Mar 2016 | Acquisition | ₹1,200 Cr | Buyer: Suzlon Energy Limited |
To see the full deal history of Suzlon Renewable Development 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
Suzlon Renewable Development Limited has 136 court cases on record: 72 filed by Suzlon Renewable Development, 64 filed against it. 38 cases are pending and 98 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 90 | 27 | 18 |
| District courts | 43 | 34 | 19 |
| NCLAT | 2 | 2 | 0 |
| NCLT | 1 | 1 | 1 |
Cases on record (5 of 136)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CAW) | Filed by the company against M/S. Suzlon Infrastructure Services Ltd. | Pending |
| District court, Indore, Madhya Pradesh | Court case (MJC AV) | Filed against the company by Prisma Renewable Energy Private Limited Through Rajkumar Purohit | Disposed |
| Bombay High Court | Court case (CAW) | Filed by the company against M/S. Suzlon Infrastructure Services Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Alkalies and Chemicals Ltd. and 2 others | Disposed |
| District court, RAICHUR, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of Suzlon Renewable Development 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
Suzlon Renewable Development Limited has 58 MSME Form 1 returns on record between 2015 and 2023, listing 2,259 overdue payments to 104 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 104)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Jay Bharat Security Organisation | |||
| Winsol Engineers Limited | |||
| Saswad Tours and Travels Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Suzlon Renewable Development Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Suzlon Renewable Development has 15 GST registrations: 10 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICS2717D1ZO | Gujarat | Active | 01 Jul 2017 |
| 08AAICS2717D1ZI | Rajasthan | Active | 01 Jul 2017 |
| 23AAICS2717D2ZP | Madhya Pradesh | Active | 01 Jul 2017 |
| 27AAICS2717D1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Suzlon Renewable Development Limited, buy the company report.
Recent activity
Suzlon Renewable Development Limited has 22 board changes on record since 2004: 5 appointments and 17 cessations. The latest: Sameer Kantilal Shah ceased to be Additional Director on 08 Sep 2025.
76 earlier events are in the company report.
News
Frequently asked questions
Suzlon Renewable Development is an active public limited company based in Ahmedabad, Gujarat, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 05 July 2004 (22+ years old) and is registered under CIN U40108GJ2004PLC044409.
Suzlon Renewable Development has 5 current directors and KMP:
- Balrajsinh Abhaysinh Parmar - Whole-Time Director
- Jayarama Prasad Chalasani - Director
- Sameer Kantilal Shah - Director
- Seemantinee Shashank Khot - Director
- Rakesh Bhandari - Cfo
The latest financial statements of Suzlon Renewable Development on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Suzlon Renewable Development is 24AAICS2717D1ZO, registered in Gujarat. The company has 15 GST registrations in all, of which 10 are active and 5 are cancelled or inactive. Other active GSTINs include 08AAICS2717D1ZI (Rajasthan), 23AAICS2717D2ZP (Madhya Pradesh), 27AAICS2717D1ZI (Maharashtra).
The CIN (Corporate Identification Number) of Suzlon Renewable Development is U40108GJ2004PLC044409. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suzlon Renewable Development has 136 court cases on record: 72 filed by the company and 64 filed against it. 38 are pending. Most are in the high courts.
Suzlon Renewable Development was incorporated on 05 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Suzlon Renewable Development has 6 deals on record (3 secondary share transfers, 2 funding rounds, 1 acquisition), with disclosed funding of ₹411 Cr; the latest was in August 2024.
The peers of Suzlon Renewable Development by revenue are A.R. Foundations Private Limited, Allam Infinite India Private Limited, Vidhata Distributors Private Limited, all in the Real Estate industry (Real Estate Marketing), with the same principal business activity (real estate activities with own or leased property).
Sameer Kantilal Shah ceased to be Additional Director on 08 Sep 2025. Sameer Kantilal Shah was appointed as Director on 28 Oct 2024. Jayarama Prasad Chalasani ceased to be Additional Director on 30 Aug 2024. Suzlon Renewable Development has 22 board changes on record in total.
Suzlon Renewable Development has 58 MSME Form 1 returns on record between 2015 and 2023, listing 2,259 overdue payments to 104 micro and small suppliers. The latest return was filed on 05 Nov 2023.
Suzlon Renewable Development can be reached through the website suzlon.com. Its registered office is in Ahmedabad, Gujarat, India.