Fortune MNC 500 India 2026 edition
Rank#189- Total income
- ₹3,733 Cr
- Profit
- ₹62 Cr
Last year #174
Vestas Wind Technology India Private Limited - environment in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹4,143.24 Cr
▲ 9% YoY
Net profit · FY 2025
₹110.28 Cr
Net margin 2.7%
EBITDA · FY 2025
₹478.26 Cr
EBITDA margin 11.5%
Authorised capital
₹201.21 Cr
Registered with MCA
Paid-up capital
₹193.62 Cr
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹102.1 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
1,920
Provident fund records
About Vestas Wind Technology India Private Limited
Data last updated:
Vestas Wind Technology India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Vestas India Holding A/S, Denmark. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 07 November 1996 and has been in existence for over 30 years.
Vestas Wind Technology India is ranked #189 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U40101TN1996PTC036871. Its GSTIN is 33AAACA9274F1ZT (Tamil Nadu). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹201.21 Cr and a paid-up capital of ₹193.62 Cr. It was formerly known as Asia Wind Turbines Private Limited and Asian Wind Turbines Private Limited. It is led by directors including Kolappan Govindaraj (Whole-Time Director) and Pokala Madhava Krishna (Whole-Time Director).
Its last annual general meeting (AGM) was held on 31 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14A Radial IT Park, Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹4,143.24 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹110.28 Cr (net margin 2.7%) and EBITDA of ₹478.26 Cr (EBITDA margin 11.5%).
The company has about 1,920 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries and 1 joint venture.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹102.1 Cr on record. Court records list 164 cases involving the company, including 65 filed by the company and 99 filed against it; 23 cases are pending. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹40 Cr; the latest was in March 2016. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 3 smaller; the largest is Toshiba Transmission & Distribution Systems (India) Private Limited with revenue of ₹4,497.5 Cr. The company has 8 MSME Form 1 returns on record between 2016 and 2023, listing 218 overdue payments to 47 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 vestas.in.
Company details
CIN U40101TN1996PTC036871
Registration Number 036871
Incorporation Date 07 November 1996
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2025
Date of Balance Sheet 31 March 2025
Parent Company Vestas India Holding A/S, Denmark
Compliance Status Active Compliant
Name history
Vestas Wind Technology India has undergone 3 name changes throughout its history. The company was previously known as Asia Wind Turbines Private Limited, Asian Wind Turbines Private Limited, and Neg Micon India Private Limited. The current legal name is Vestas Wind Technology India Private Limited.
| Company Name | Status |
|---|---|
| Vestas Wind Technology India Private Limited | Current |
| Asia Wind Turbines Private Limited | Previous |
| Asian Wind Turbines Private Limited | Previous |
| Neg Micon India Private Limited | Previous |
Key People
Kolappan Govindaraj Whole-Time Director Pokala Madhava Krishna Whole-Time Director Purvinkumar Madhusudan Patel Director Recognitions & Rankings of Vestas Wind Technology India
Contact details
Vestas Wind Technology India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is vestas.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 141/14A Radial IT Park, Tower – 1 8th & 9th Floor 200 Feet Radial Road Zamin Pallavaram, Chennai, Tamil Nadu, India – 600117
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Vestas Wind Technology India Private Limited, buy the company report.
Comprehensive company report
Vestas Wind Technology India Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Vestas Wind Technology India are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Vestas Wind Technology India Private Limited, buy the company report.
Financials of Vestas Wind Technology India Private Limited
FY 2025 filings availableVestas Wind Technology India Private Limited reported revenue of ₹4,143.24 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹4,143.24 Cr ▲ 9%
Net profit · FY 2025
₹110.28 Cr margin 2.7%
EBITDA · FY 2025
₹478.26 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
EBITDA CAGR growth
1 year
▲ 35%
Revenue rose 9% in the latest year. EBITDA rose 35% in the latest 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 | ₹478.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹110.28 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 | 11.5% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 Vestas Wind Technology India Private Limited, buy the company report.
Board of directors of Vestas Wind Technology India Private Limited
Vestas Wind Technology India has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kolappan Govindaraj Also directs: Vestas Technology R&D Chennai Private Limited | Whole-Time Director | 06 Jun 2018 | 8 Years 4 Months | Current |
| Pokala Madhava Krishna | Whole-Time Director | 28 Dec 2016 | 9 Years 10 Months | Current |
| Purvinkumar Madhusudan Patel | Director | 10 Mar 2021 | 5 Years 7 Months | Current |
| Amar Harishchandra Variawa | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Vestas Wind Technology India Private Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Toshiba Transmission & Distribution Systems (India) Private Limited | ₹4,497.5 Cr (FY 2025) | 11.0% | Rudraram Village, Telangana, India | |||
| Novateur Electrical & Digital Systems Private Limited | ₹4,436.71 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Ge Vernova T&D India Limited | ₹4,354.89 Cr (FY 2025) | 36.0% | New Delhi, Delhi, India | |||
| Sudhir Power Limited | ₹4,216.67 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| Vestas Wind Technology India Private Limitedthis company | ₹4,143.24 Cr (FY 2025) | ₹110.28 Cr | 2.7% | 9.0% | 1,920 | Chennai, Tamil Nadu, India |
| ZF Wind Power Coimbatore Private Limited | ₹3,894.64 Cr (FY 2025) | 3.0% | Karumathampatty And Kittampalayam, Tamil Nadu, India | |||
| Shirdi Sai Electricals Limited | ₹3,375.57 Cr (FY 2025) | -13.0% | Hyderabad, Telangana, India | |||
| Adani New Industries Limited | ₹3,316.41 Cr (FY 2025) | 291.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Vestas Wind Technology India Private Limited, buy the company report.
Auditor
Vestas Wind Technology India Private Limited is audited by Price Waterhouse Char tered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Char tered Accountants LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Vestas Wind Technology India 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vestas Wind Technology India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20 Cr
Satisfied charges
₹102.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2015 | 10617415 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Open | |
| 03 Feb 2004 | 80060767 | Icici Bank Ltd | ₹30 Cr | Satisfied | |
| 17 Jul 2003 | 80060769 | Icici Bank Ltd | ₹15 Cr | Satisfied | |
| 23 Apr 2003 | 80060768 | Icici Bank Ltd | ₹15 Cr | Satisfied | |
| 14 Dec 2002 | 80060809 | Idbi Bank Ltd | ₹7.5 Cr | Satisfied |
To see the full charge records of Vestas Wind Technology India Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Vestas Wind Technology India Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹40 Cr; the latest was in March 2016.
Total deals
3
Rights issues
2
Funding round
1
Disclosed funding
₹40 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Rights issue | ₹44.6 Cr | Investors: Vestas India Holding A/s |
| Aug 2008 | Rights issue | ₹99.02 Cr | Investors: Vestas India Holding A/s |
| Dec 2007 | Funding round | ₹40 Cr | Investors: Vestas India Holding A/s |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vestas Wind Technology India Private Limited has 164 court cases on record: 65 filed by Vestas Wind Technology India, 99 filed against it. 23 cases are pending and 141 are disposed.
Total cases
164
Filed by the company
65
Filed against the company
99
Pending
23
Disposed
141
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 112 | 61 | 15 |
| District courts | 49 | 37 | 8 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 164)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Petition | Filed against the company by Orient Green Power Company Ltd | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Inox Renewables Limited. | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Inox Renewables Limited and 4 Ors | Pending |
| Bombay High Court | Court case (CHSCD) | Filed against the company by Inox Renewables Limited. | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Kleio Solar Power Private Limited | Disposed |
To see the full case history of Vestas Wind Technology India 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
Vestas Wind Technology India Private Limited has 8 MSME Form 1 returns on record between 2016 and 2023, listing 218 overdue payments to 47 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 47)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hine Hydraulics India Private Limited | |||
| Advanced Bolting Solutions Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Vestas Wind Technology India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vestas Wind Technology India has 6 subsidiary companies and 1 joint venture. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
6
Subsidiary companies
1
Joint ventures
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Chitradurga Wind Power Private Limited | U40105KA2002PTC030500 | |
| Malgatti Windpower Private Limited | U40105KA2002PTC030989 | |
| Bellary Windpower Private Limited | U40105KA2002PTC031011 | |
| Negm Infrastructure Development Private Limited | U40108TN2000PTC046200 | |
| B.B. Hills Windfarm Development Private Limited | U40108TN2001PTC047758 | |
| Jangi Windfarm Development Private Limited | U74999TN2011PTC080928 |
To see the full group structure of Vestas Wind Technology India Private Limited, buy the company report.
Employees & EPFO
Vestas Wind Technology India Private Limited has a workforce of 1,920 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
1,920
Active EPFO establishments
1
Employee growth
-8.31%
GST
Vestas Wind Technology India has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
7
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACA9274F1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 24AAACA9274F1ZS | Gujarat | Active | 01 Jul 2017 |
| 27AAACA9274F1ZM | Maharashtra | Active | 01 Jul 2017 |
| 29AAACA9274F1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vestas Wind Technology India Private Limited, buy the company report.
Recent activity
Vestas Wind Technology India Private Limited has 28 board changes on record since 2008: 5 appointments and 23 cessations. The latest: Amar Harishchandra Variawa ceased to be Additional Director on 29 Sep 2024.
AGM
Vestas Wind Technology India Private Limited last Annual general meeting of members was held on 31 Dec 2025 as per latest MCA records.
Filing
Vestas Wind Technology India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Amar Harishchandra Variawa ceased to be Additional Director.
Appointed
Amar Harishchandra Variawa was appointed as Director.
Appointed
Purvinkumar Madhusudan Patel was appointed as Director.
Ceased
Purvinkumar Madhusudan Patel ceased to be Additional Director.
Ceased
Charles Lawrence Mc Call ceased to be Additional Director.
Ceased
Vickram Jadhav ceased to be Director.
Ceased
Kolappan Govindaraj ceased to be Director.
Ceased
Pokala Madhava Krishna ceased to be Director.
Ceased
Rajendran Veerasamy ceased to be Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 20.00 Cr registered on 18 Dec 2015 with Charge ID 10617415 was modified on 10 Dec 2018.
33 earlier events are in the company report.
News
Frequently asked questions
Vestas Wind Technology India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 07 November 1996 (30+ years old) and is registered under CIN U40101TN1996PTC036871.
Vestas Wind Technology India has 4 current directors:
- Kolappan Govindaraj - Whole-Time Director
- Pokala Madhava Krishna - Whole-Time Director
- Purvinkumar Madhusudan Patel - Director
- Amar Harishchandra Variawa - Director
The latest financial statements of Vestas Wind Technology India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 December 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vestas Wind Technology India is 33AAACA9274F1ZT, registered in Tamil Nadu. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAACA9274F1ZS (Gujarat), 27AAACA9274F1ZM (Maharashtra), 29AAACA9274F1ZI (Karnataka).
The CIN (Corporate Identification Number) of Vestas Wind Technology India is U40101TN1996PTC036871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vestas Wind Technology India has 164 court cases on record: 65 filed by the company and 99 filed against it. 23 are pending. Most are in the high courts.
Vestas Wind Technology India was incorporated on 07 November 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chennai.
Vestas Wind Technology India has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹40 Cr; the latest was in March 2016.
The peers of Vestas Wind Technology India by revenue are Toshiba Transmission & Distribution Systems (India) Private Limited, Novateur Electrical & Digital Systems Private Limited, Ge Vernova T&D India Limited, Sudhir Power Limited, ZF Wind Power Coimbatore Private Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Amar Harishchandra Variawa ceased to be Additional Director on 29 Sep 2024. Amar Harishchandra Variawa was appointed as Director on 06 Oct 2023. Purvinkumar Madhusudan Patel was appointed as Director on 10 Mar 2021. Vestas Wind Technology India has 28 board changes on record in total.
Vestas Wind Technology India has 8 MSME Form 1 returns on record between 2016 and 2023, listing 218 overdue payments to 47 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Vestas Wind Technology India can be reached through the website vestas.in. Its registered office is in Chennai, Tamil Nadu, India.
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