Vayu (Project 1) Private Limited
About Vayu (Project 1) Private Limited
Data last updated:
Vayu (Project 1) Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Enel Green Power India Private Limited. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 26 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300HR2012PTC046342. Its GSTIN is 06AAFCB0591B1Z6 (Haryana). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.73 Cr. It was formerly known as Blp Vayu (Project 1) Private Limited. It is led by directors Sandy Khera and Stephane Maurice Zweguintzow.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 14th Floor Tower B Vatika Towers DLF Golf Course Road Suncity Sector 54, Gurgaon, Haryana, India – 122003.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.12 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹34.82 Cr (net margin -63.2%) and EBITDA of ₹19.13 Cr (EBITDA margin 34.7%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 12% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹301 Cr and satisfied charges of ₹368.59 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹66 Cr; the latest was in July 2021. Its 5 peer companies in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Renew Wind Energy (Ap 3) Private Limited with revenue of ₹56.47 Cr. The company has 6 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Vayu (Project 1) Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14th Floor Tower B Vatika Towers DLF Golf Course Road Suncity Sector 54, Gurgaon, Haryana, India – 122003
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Vayu (Project 1) 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 Vayu (Project 1) is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Vayu (Project 1) Private Limited, buy the company report.
Financials of Vayu (Project 1) Private Limited
FY 2024 filings availableVayu (Project 1) Private Limited reported revenue of ₹55.12 Cr (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 35% fall in the latest year. EBITDA fell 62% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹19.13 Cr | ||||
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| Net Profit (PAT) | -₹34.82 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 34.7% | ||||
| Net Profit Margin | -63.2% | ||||
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To see the full financial statements and ratios of Vayu (Project 1) Private Limited, buy the company report.
Board of directors of Vayu (Project 1) Private Limited
Vayu (Project 1) has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandy Khera Also directs: Gridspertise India Private Limited, Thar Surya 1 Private Limited, Enel Green Power India Private Limited and 5 more | Director | 13 Sep 2019 | 7 Years 1 Months | Current |
| Stephane Maurice Zweguintzow Also directs: Enel Green Power India Private Limited | Director | 25 Nov 2025 | 0 Years 10 Months | Current |
Peer comparison
Vayu (Project 1) Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Wind Power), 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 |
|---|---|---|---|---|---|---|
| Renew Wind Energy (Ap 3) Private Limited | ₹56.47 Cr (FY 2024) | 2.0% | New Delhi, Delhi, India | |||
| Ultravolt Power Private Limited | ₹55.86 Cr (FY 2024) | -3.0% | Palayamkottai, Tamil Nadu, India | |||
| Doddanavar Global Energy Private Limited | ₹55.67 Cr (FY 2025) | 79.0% | Belgaum, Karnataka, India | |||
| Vayu (Project 1) Private Limitedthis company | ₹55.12 Cr (FY 2024) | -₹34.82 Cr | -63.2% | -35.0% | 1 | Gurgaon, Haryana, India |
| Greenko Bercha Wind Power Private Limited | ₹54.65 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| NSL Wind Power Company (Phoolwadi) Private Limited | ₹54.58 Cr (FY 2021) | -8.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Vayu (Project 1) Private Limited, buy the company report.
Auditor
Vayu (Project 1) Private Limited is audited by B S R & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of Vayu (Project 1) 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Vayu (Project 1) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Sep 2016 | 100055759 | Idbi Trusteeship Services Limited | ₹301 Cr | Open | |
| 29 Aug 2019 | 100294048 | Others | ₹58.65 Lakh | Satisfied | |
| 28 Sep 2013 | 10452072 | The Federal Bank Ltd. | ₹5 Cr | Satisfied | |
| 06 May 2013 | 10429330 | Idbi Trusteeship Services Limited | ₹363 Cr | Satisfied |
To see the full charge records of Vayu (Project 1) Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Vayu (Project 1) Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹66 Cr; the latest was in July 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Rights issue | ₹107.57 Cr | Investors: Enel Green Power India Private Limited |
| Nov 2015 | Rights issue | ₹16.78 Cr | Investors: Enel Green Power India Private Limited |
| Jun 2013 | Funding round | ₹66 Cr | Investors: Enel Green Power India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vayu (Project 1) Private Limited has 3 court cases on record: 1 filed by Vayu (Project 1), 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Suzlon Global Services Ltd | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Suzlon Global Services Limited | Disposed |
To see the full case history of Vayu (Project 1) 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.
Credit ratings & regulatory alerts
Vayu (Project 1) Private Limited was last rated by Indiarating on 21 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 21 Feb 2022 |
To see the full credit ratings and regulatory alerts of Vayu (Project 1) Private Limited, buy the company report.
MSME payment delays
Vayu (Project 1) Private Limited has 6 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 11 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 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Unilink Engineering Corporation Private Limited | |||
| Manikaran Analytics Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| PG India Logistics Private Limited |
To see the full MSME payment records of Vayu (Project 1) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Vayu (Project 1) Private Limited has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Vayu (Project 1) has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCB0591B1Z6 | Haryana | Active | 01 Jul 2017 |
| 24AAFCB0591B1Z8 | Gujarat | Active | 01 Jul 2017 |
| 29AAFCB0591B1ZY | Karnataka | Active | 06 Sep 2017 |
To see the full GST registrations and return filing status of Vayu (Project 1) Private Limited, buy the company report.
Recent activity
Vayu (Project 1) Private Limited has 12 board changes on record since 2015: 2 appointments and 10 cessations. The latest: Stephane Maurice Zweguintzow ceased to be Additional Director on 30 Dec 2025.
13 earlier events are in the company report.
Frequently asked questions
Vayu (Project 1) is an active private limited company based in Gurgaon, Haryana, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 26 June 2012 (14+ years old) and is registered under CIN U40300HR2012PTC046342.
Vayu (Project 1) has 2 current directors:
- Sandy Khera - Director
- Stephane Maurice Zweguintzow - Director
The latest financial statements of Vayu (Project 1) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vayu (Project 1) is 06AAFCB0591B1Z6, registered in Haryana. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAFCB0591B1Z8 (Gujarat), 29AAFCB0591B1ZY (Karnataka).
The CIN (Corporate Identification Number) of Vayu (Project 1) is U40300HR2012PTC046342. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vayu (Project 1) has 3 court cases on record: 1 filed by the company and 2 filed against it.
Vayu (Project 1) was incorporated on 26 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Vayu (Project 1) has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹66 Cr; the latest was in July 2021.
The peers of Vayu (Project 1) by revenue are Renew Wind Energy (Ap 3) Private Limited, Ultravolt Power Private Limited, Doddanavar Global Energy Private Limited, Greenko Bercha Wind Power Private Limited, NSL Wind Power Company (Phoolwadi) Private Limited, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Stephane Maurice Zweguintzow ceased to be Additional Director on 30 Dec 2025. Stephane Maurice Zweguintzow was appointed as Director on 25 Nov 2025. Lamberto Dai Pra ceased to be Director on 31 Jul 2025. Vayu (Project 1) has 12 board changes on record in total.
Vayu (Project 1) has 6 MSME Form 1 returns on record between 2019 and 2023, listing 58 overdue payments to 11 micro and small suppliers. The latest return was filed on 29 Apr 2023.
The registered office of Vayu (Project 1) is at 14th Floor Tower B Vatika Towers DLF Golf Course Road Suncity Sector 54, Gurgaon, Haryana, India – 122003.