About Vejas Power Projects Limited
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Vejas Power Projects Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Il&Fs Energy Development Company Limited. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 30 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40109MH2007PLC176368. Its GSTIN is 27AABCI8719C1ZN (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It was formerly known as Ventus Power Limited and Vejas Urja Limited. It is led by directors including Bibhudutta Biswal and Ritendra Bhattacharjee.
Its last annual general meeting (AGM) was held on 07 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2026, the company reported a revenue of ₹20.7 Lakh, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹8.1 Lakh (net margin -39.1%) and EBITDA of -₹8.1 Lakh (EBITDA margin -39.1%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 44% over five years.
As per MCA filings, the company has open charges of ₹325 Cr on record. Court records list 12 cases involving the company, including 7 filed by the company and 5 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ilfsindia.com.
Company details
Name history
Vejas Power Projects has undergone 6 name changes throughout its history. The current legal name is Vejas Power Projects Limited.
| Company Name | Status |
|---|---|
| Vejas Power Projects Limited | Current |
| Ventus Power Limited | Previous |
| Vejas Urja Limited | Previous |
| Il&Fs Wind Projects Development Limited | Previous |
| Vejas Power Limited | Previous |
| Il&Fs Hydro Energy Limited | Previous |
Contact details
Vejas Power Projects Limited's registered office is in Mumbai, Maharashtra. Its website is ilfsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Il&Fs Financial Centre Plot No. C – 22 G Block Bandra – Kurla Complex Bandra – Ea, St, Mumbai, Maharashtra, India – 400051
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Vejas Power Projects 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
Financials of Vejas Power Projects Limited
FY 2025 filings availableVejas Power Projects Limited reported revenue of ₹20.7 Lakh (down 40% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 44% over five years, including a 40% fall in the latest year. EBITDA rose 100% 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 |
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| EBITDA | -₹8.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.1 Lakh | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -39.1% | ||||
| Net Profit Margin | -39.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vejas Power Projects Limited, buy the company report.
Board of directors of Vejas Power Projects Limited
Vejas Power Projects has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bibhudutta Biswal Also directs: Saurya Urja Company of Rajasthan Limited, Il&Fs Wind Energy Limited, Patiala Bio Power Company Limited and 5 more | Director | 20 Dec 2024 | 1 Years 10 Months | Current |
| Ritendra Bhattacharjee Also directs: Saurya Urja Company of Rajasthan Limited, Il&Fs Wind Energy Limited, Patiala Bio Power Company Limited and 5 more | Director | 24 Jun 2019 | 7 Years 4 Months | Current |
| Mohammad Zaheen Khan Also directs: Saurya Urja Company of Rajasthan Limited, Il&Fs Wind Energy Limited, Patiala Bio Power Company Limited and 4 more | Director | 27 Jul 2022 | 4 Years 2 Months | Current |
| Dipan Jaykishor Bhuptani Also directs: D'decor Home Fabrics Private Limited, Rohtas Bio Energy Limited | Director | 06 Dec 2016 | 9 Years 10 Months | Current |
Auditor
Vejas Power Projects Limited is audited by Luthra & Luthra for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Luthra & Luthra | FY 2023 | 002081N / N500092 |
Shareholding
The shareholding of Vejas Power Projects 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 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vejas Power Projects Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2016 | 100021989 | Others | ₹325 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Vejas Power Projects Limited has 12 court cases on record: 7 filed by Vejas Power Projects, 5 filed against it. 1 case is pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 8 | 3 | 1 |
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Rare Asset Reconstruction Limited 101-106, Gala Argos, Beside Hari Krupa Tower, Gujarat College Road, Ellisbridge ,Ahmedabad , Gujarat | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Vaayu Infrastructure LLP | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed by the company against Vaayu Infrastructure LLP | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Vaayu Infrastructure LLP | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Vish Wind Infrastrukture LLP | Disposed |
To see the full case history of Vejas Power Projects 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
Vejas Power Projects Limited has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 6 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vinay Bhushan & Associates | |||
| Vejas Power Projects Limited |
To see the full MSME payment records of Vejas Power Projects Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Vejas Power Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI8719C1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vejas Power Projects Limited, buy the company report.
Recent activity
Vejas Power Projects Limited has 21 board changes on record since 2011: 4 appointments and 17 cessations. The latest: Bibhudutta Biswal ceased to be Additional Director on 06 Jul 2025.
13 earlier events are in the company report.
Frequently asked questions
Vejas Power Projects is an active public limited company based in Mumbai, Maharashtra, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 30 November 2007 (19+ years old) and is registered under CIN U40109MH2007PLC176368.
Vejas Power Projects has 4 current directors:
- Bibhudutta Biswal - Director
- Ritendra Bhattacharjee - Director
- Mohammad Zaheen Khan - Director
- Dipan Jaykishor Bhuptani - Director
The latest financial statements of Vejas Power Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 07 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vejas Power Projects is 27AABCI8719C1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Vejas Power Projects is U40109MH2007PLC176368. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vejas Power Projects has 12 court cases on record: 7 filed by the company and 5 filed against it. 1 is pending. Most are in the nclat.
Vejas Power Projects was incorporated on 30 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Bibhudutta Biswal ceased to be Additional Director on 06 Jul 2025. Bibhudutta Biswal was appointed as Director on 20 Dec 2024. Mohammad Zaheen Khan ceased to be Additional Director on 26 Sep 2022. Vejas Power Projects has 21 board changes on record in total.
Vejas Power Projects has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 6 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Oct 2021.
Vejas Power Projects can be reached through the website ilfsindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Vejas Power Projects is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra – Kurla Complex Bandra – Ea, St, Mumbai, Maharashtra, India – 400051.