About Waaneep Solar Private Limited
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Waaneep Solar Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Hero Solar Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 12 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300DL2014PTC341389. Its GSTIN is 07AABCW5050A1ZT (Delhi). The company holds 6 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹215 Cr and a paid-up capital of ₹205 Cr. It is led by directors Harish Vinod Pant and Kailas Khanduji Donde.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 201 Ground Floor, Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.35 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.53 Cr (net margin 4.1%) and EBITDA of ₹92.82 Cr (EBITDA margin 84.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Hero Future Energies. As per MCA filings, the company has open charges of ₹653.62 Cr and satisfied charges of ₹1,514.75 Cr on record. Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it; 1 case is pending. The company has 7 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹112.49 Cr; the latest was in March 2019. Its 9 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 5 smaller; the largest is Rewa Ultra Mega Solar Limited with revenue of ₹116.47 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website waaneep.com.
Company details
CIN history
Waaneep Solar has one previous CIN (Corporate Identification Number): U40300MH2014PTC254136. The current CIN is U40300DL2014PTC341389, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300DL2014PTC341389 | Current |
| U40300MH2014PTC254136 | Previous |
Contact details
Waaneep Solar Private Limited's registered office is in New Delhi, Delhi. Its website is waaneep.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No. 201 Ground Floor, Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Waaneep Solar 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
Waaneep Solar operates one associated brand: Hero Future Energies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy projects are developed for utility-scale and commercial use. | herofutureenergies.com |
Business activity
The main business activity of Waaneep Solar 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 Waaneep Solar Private Limited, buy the company report.
Financials of Waaneep Solar Private Limited
FY 2025 filings availableWaaneep Solar Private Limited reported revenue of ₹110.35 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 2% growth in the latest year. EBITDA rose 7% 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 | ₹92.82 Cr | ||||
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| Net Profit (PAT) | ₹4.53 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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| Profitability | |||||
| EBITDA Margin | 84.1% | ||||
| Net Profit Margin | 4.1% | ||||
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To see the full financial statements and ratios of Waaneep Solar Private Limited, buy the company report.
Board of directors of Waaneep Solar Private Limited
Waaneep Solar has 2 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harish Vinod Pant | Director | 01 Jan 2023 | 3 Years 9 Months | Current |
| Kailas Khanduji Donde | Director | 16 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Waaneep Solar Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Rewa Ultra Mega Solar Limited | ₹116.47 Cr (FY 2025) | 61.0% | Bhopal, Madhya Pradesh, India | |||
| Ostro Anantapur Private Limited | ₹115.7 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| JSW Agriya Power Private Limited | ₹112.78 Cr (FY 2025) | 2.0% | Hyderabad, Telangana, India | |||
| Green Infra Wind Power Generation Limited | ₹110.74 Cr (FY 2025) | -11.0% | Gurgaon, Haryana, India | |||
| Waaneep Solar Private Limitedthis company | ₹110.35 Cr (FY 2025) | ₹4.53 Cr | 4.1% | 2.0% | 14 | New Delhi, Delhi, India |
| Universal Saur Urja Private Limited | ₹109.62 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Abrel SPV 2 Limited | ₹108.98 Cr (FY 2025) | 119.0% | Mumbai, Maharashtra, India | |||
| Avaada Solar Energy Private Limited | ₹108.19 Cr (FY 2025) | -18.0% | Mumbai, Maharashtra, India | |||
| Adani Solar Energy Kutchh One Limited | ₹107.28 Cr (FY 2025) | -1.0% | Ahmedabad, Gujarat, India | |||
| Ramnad Solar Power Limited | ₹107.1 Cr (FY 2023) | 12.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Waaneep Solar Private Limited, buy the company report.
Auditor
Waaneep Solar Private Limited is audited by S R BATLIBOI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & CO LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Waaneep Solar Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Waaneep Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2025 | 101055704 | Others | ₹1.12 Cr | Open | |
| 22 Dec 2023 | 100846806 | Others | ₹535 Cr | Open | |
| 21 Sep 2015 | 10591902 | Sbicap Trustee Company Limited | ₹117.5 Cr | Open | |
| 15 Mar 2022 | 100548423 | Others | ₹375 Cr | Satisfied | |
| 08 Apr 2020 | 100335279 | Others | ₹490 Cr | Satisfied |
To see the full charge records of Waaneep Solar Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Waaneep Solar Private Limited has 7 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹112.49 Cr; the latest was in March 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Hero Solar Energy Private Limited Seller: Waaree Energies Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Hero Solar Energy Private Limited Seller: Waaree Energies Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Hero Solar Energy Private Limited Seller: Waaree Energies Limited |
| Mar 2018 | Acquisition | ₹598.41 Cr | Buyer: Renew Private Limited Seller: Waaree Energies Limited , North Eastern Electric Power Corporation Limited |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Waaree Energies Limited Seller: NORTH EASTERN ELECTRIC POWER CORPN LTD |
To see the full deal history of Waaneep Solar Private 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
Waaneep Solar Private Limited has 11 court cases on record: 5 filed by Waaneep Solar, 6 filed against it. 1 case is pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 1 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against New and Renewable Energy Development Corporation of Andhra Pradesh Limited and 5 others | Disposed |
| High Court, ANDHRAPRADESH | Appeal | Filed by the company against New and Renewable Energy Development Corporation of Andhra Pradesh Ltd and 7 others | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against an individual | Pending |
| Supreme Court | Appeal | Filed against the company by Southern Power Distribution Company of Andhra Pradesh | Disposed |
| Supreme Court | Court case (1503-Appeal Against Orders Of Statutory Bodies : Tribunals) | Filed against the company by Southern Power Distribution Company of Andhra Pradesh Chairman and Managing Director Tirupathi Andhra Pradesh ,Chittoor , Andhra Pradesh and 5 others | Disposed |
To see the full case history of Waaneep Solar 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
Waaneep Solar Private Limited was last rated by Care on 26 Mar 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Mar 2026 |
To see the full credit ratings and regulatory alerts of Waaneep Solar Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Waaneep Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Waaneep Solar Private Limited has a workforce of 14 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Waaneep Solar has 6 GST registrations: 3 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCW5050A1ZT | Delhi | Active | 08 Mar 2019 |
| 37AABCW5050A2ZP | Andhra Pradesh | Active | 18 Jul 2019 |
| 23AABCW5050A2ZY | Madhya Pradesh | Active | 23 Jul 2019 |
To see the full GST registrations and return filing status of Waaneep Solar Private Limited, buy the company report.
Recent activity
Waaneep Solar Private Limited has 22 board changes on record since 2014: 2 appointments and 20 cessations. The latest: Kailas Khanduji Donde ceased to be Additional Director on 26 Sep 2025.
35 earlier events are in the company report.
Frequently asked questions
Waaneep Solar is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 12 March 2014 (12+ years old) and is registered under CIN U40300DL2014PTC341389.
Waaneep Solar has 2 current directors:
- Harish Vinod Pant - Director
- Kailas Khanduji Donde - Director
The latest financial statements of Waaneep Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Waaneep Solar is 07AABCW5050A1ZT, registered in Delhi. The company has 6 GST registrations in all, of which 3 are active and 3 are cancelled or inactive. Other active GSTINs include 37AABCW5050A2ZP (Andhra Pradesh), 23AABCW5050A2ZY (Madhya Pradesh).
The CIN (Corporate Identification Number) of Waaneep Solar is U40300DL2014PTC341389. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waaneep Solar has 11 court cases on record: 5 filed by the company and 6 filed against it. 1 is pending. Most are in the high courts.
Waaneep Solar was incorporated on 12 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Waaneep Solar has 7 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹112.49 Cr; the latest was in March 2019.
The peers of Waaneep Solar by revenue are Rewa Ultra Mega Solar Limited, Ostro Anantapur Private Limited, JSW Agriya Power Private Limited, Green Infra Wind Power Generation Limited, Universal Saur Urja Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Kailas Khanduji Donde ceased to be Additional Director on 26 Sep 2025. Kailas Khanduji Donde was appointed as Director on 16 Dec 2024. Harish Vinod Pant ceased to be Additional Director on 29 Sep 2023. Waaneep Solar has 22 board changes on record in total.
Waaneep Solar can be reached through the website waaneep.com. Its registered office is in New Delhi, Delhi, India.
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