VSV Renewables Private Limited
About VSV Renewables Private Limited
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VSV Renewables Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Fourth Partner Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 18 December 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40106TG2017PTC121274. Its GSTIN is 36AAGCV2149G1ZA (Telangana). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.12 Cr. It is led by directors Saifuddin Hakimuddin Dhorajiwala and Vivekanand Subramanian.
Its last annual general meeting (AGM) was held on 03 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.N46 House No.4 – 9 – 10 3rd Floor Hmt Nagar, Hyderabad, Telangana, India – 500076.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.92 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹18.72 Cr (net margin -42.6%) and EBITDA of ₹31.79 Cr (EBITDA margin 72.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.
The company is associated with 1 brand: Fourth Partner Energy. As per MCA filings, the company has open charges of ₹501.88 Cr and satisfied charges of ₹40 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (2 rights issues); the latest was in December 2019. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Indigrid Solar-I (Ap) Private Limited with revenue of ₹44.51 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
VSV Renewables Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No.N46 House No.4 – 9 – 10 3rd Floor Hmt Nagar, Hyderabad, Telangana, India – 500076
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of VSV Renewables 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
Brands
VSV Renewables operates one associated brand: Fourth Partner Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| On-grid and off-grid solar solutions and products are provided. | fourthpartner.co |
Business activity
The main business activity of VSV Renewables 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 VSV Renewables Private Limited, buy the company report.
Financials of VSV Renewables Private Limited
FY 2025 filings availableVSV Renewables Private Limited reported revenue of ₹43.92 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 11% 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 |
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| EBITDA | ₹31.79 Cr | ||||
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| Net Profit (PAT) | -₹18.72 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 72.4% | ||||
| Net Profit Margin | -42.6% | ||||
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To see the full financial statements and ratios of VSV Renewables Private Limited, buy the company report.
Board of directors of VSV Renewables Private Limited
VSV Renewables has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saifuddin Hakimuddin Dhorajiwala | Director | 18 Dec 2017 | 8 Years 10 Months | Current |
| Vivekanand Subramanian | Director | 18 Dec 2017 | 8 Years 10 Months | Current |
Peer comparison
VSV Renewables Private Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (Solar 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 |
|---|---|---|---|---|---|---|
| Indigrid Solar-I (Ap) Private Limited | ₹44.51 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Adani Renewable Energy Park Rajasthan Limited | ₹44.25 Cr (FY 2024) | 25.0% | Jaipur, Rajasthan, India | |||
| Sunroof Power Solution Private Limited | ₹44 Cr (FY 2025) | 9.0% | Noida, Uttar Pradesh, India | |||
| VSV Renewables Private Limitedthis company | ₹43.92 Cr (FY 2025) | -₹18.72 Cr | -42.6% | -7.0% | Hyderabad, Telangana, India | |
| Fpel Ujwal Private Limited | ₹43.8 Cr (FY 2025) | 2917.0% | Hyderabad, Telangana, India | |||
| Azure Clean Energy Private Limited | ₹43.75 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India | |||
| Rajkot (Gujarat) Solar Energy Private Limited | ₹43.16 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Renew Green (GJ Ten) Private Limited | ₹42.8 Cr (FY 2025) | 40.0% | Delhi, India |
To see the full peer comparison of VSV Renewables Private Limited, buy the company report.
Auditor
VSV Renewables Private Limited is audited by SPAD & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SPAD & Associates | FY 2023 | 011569S |
Shareholding
The shareholding of VSV Renewables Private 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) | |||||
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| Others |
To see the full shareholding pattern of VSV Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Sep 2025 | 101165393 | Others | ₹195.2 Cr | Open | |
| 05 Jun 2021 | 100452461 | Sbicap Trustee Company Limited | ₹178.67 Cr | Open | |
| 05 Mar 2021 | 100422333 | Sbicap Trustee Company Limited | ₹18.6 Cr | Open | |
| 02 Dec 2019 | 100307630 | Sbicap Trustee Company Limited | ₹50.62 Cr | Open | |
| 26 Mar 2019 | 100255844 | Sbicap Trustee Company Limited | ₹58.79 Cr | Open |
To see the full charge records of VSV Renewables Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
VSV Renewables Private Limited has 2 deals on record (2 rights issues); the latest was in December 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2019 | Rights issue | ₹9.66 Cr | Investors: Fourth Partner Energy Private Limited |
| Sep 2018 | Rights issue | ₹20 Cr | Investors: Fourth Partner Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
VSV Renewables Private Limited has 2 court cases on record: 2 filed by VSV Renewables. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (ARCO) | Filed by the company against Mahatma Jyotiba Phule Rohilkhand University | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Mahatma Jyotiba Phule Rohilkhand University | Disposed |
To see the full case history of VSV Renewables 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
VSV Renewables Private Limited was last rated by Care on 06 Jan 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Jan 2026 |
To see the full credit ratings and regulatory alerts of VSV Renewables Private Limited, buy the company report.
MSME payment delays
VSV Renewables Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| B B S K & Associates |
To see the full MSME payment records of VSV Renewables Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
VSV Renewables has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAGCV2149G1ZA | Telangana | Active | 31 May 2018 |
| 29AAGCV2149G1Z5 | Karnataka | Active | 02 Aug 2022 |
| 07AAGCV2149G1ZB | Delhi | Active | 10 Feb 2023 |
To see the full GST registrations and return filing status of VSV Renewables Private Limited, buy the company report.
Recent activity
VSV Renewables Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Saifuddin Hakimuddin Dhorajiwala was appointed as Director on 18 Dec 2017.
3 earlier events are in the company report.
Frequently asked questions
VSV Renewables is an active private limited company based in Hyderabad, Telangana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 18 December 2017 (9+ years old) and is registered under CIN U40106TG2017PTC121274.
VSV Renewables has 2 current directors:
- Saifuddin Hakimuddin Dhorajiwala - Director
- Vivekanand Subramanian - Director
The latest financial statements of VSV Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of VSV Renewables is 36AAGCV2149G1ZA, registered in Telangana. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAGCV2149G1Z5 (Karnataka), 07AAGCV2149G1ZB (Delhi).
The CIN (Corporate Identification Number) of VSV Renewables is U40106TG2017PTC121274. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSV Renewables has 2 court cases on record: 2 filed by the company.
VSV Renewables was incorporated on 18 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Hyderabad.
VSV Renewables has 2 deals on record (2 rights issues); the latest was in December 2019.
The peers of VSV Renewables by revenue are Indigrid Solar-I (Ap) Private Limited, Adani Renewable Energy Park Rajasthan Limited, Sunroof Power Solution Private Limited, Fpel Ujwal Private Limited, Azure Clean Energy Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Saifuddin Hakimuddin Dhorajiwala was appointed as Director on 18 Dec 2017. Vivekanand Subramanian was appointed as Director on 18 Dec 2017.
VSV Renewables has 1 MSME Form 1 return on record for the period ending Sep 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 22 Oct 2021.
The registered office of VSV Renewables is at Plot No.N46 House No.4 – 9 – 10 3rd Floor Hmt Nagar, Hyderabad, Telangana, India – 500076.