Waaree Energies Limited - Company Profile

Q: Who are the current directors of Waaree Energies Limited?

The current directors of Waaree Energies Limited are Rajinder Singh Loona, Hitesh Pranjivan Mehta, Amit Ashok Paithankar, Rajesh Ghanshyam Gaur, Mahesh Ramchand Chhabria, Viren Doshi Chimanlal, Rajender Mohan Malla, Richa Manoj Goyal, Hitesh Chimanlal Doshi, Sonal Shrivastava, Amit Ashok Paithankar.

It is a energy and power public limited company based in Mumbai, Maharashtra, India, established in 1990.

1990 Mumbai, Maharashtra, India Active

Last Updated: February 27, 2026

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About Waaree Energies Limited

Waaree Energies Limited, a active public limited company, was established on 18 December 1990 in Mumbai, Maharashtra, India. Engaging in power equipment manufacturers within the electricity, gas, steam and air condition supply sector, it holds CIN: L29248MH1990PLC059463. Registered under ROC Roc Mumbai I. it is listed. It has an authorized capital of ₹500.00 Cr and a paid-up capital of ₹287.64 Cr.

Formerly known as Waaree Energies Private Limited, Anmol Fluid Connectors Private Limited. It upholds a compliant status. In 2024, it reported revenue of ₹10,957.68 Cr and a net worth of ₹4,102.96 Cr. Employing 1,519 professional, Its leadership includes Rajinder Singh Loona (Director), Hitesh Pranjivan Mehta (Whole-Time Director), Amit Ashok Paithankar (Ceo). Past directors included Rajinder Singh Loona, Riazul Hasan Naqvi, Vivek Srivastava. It holds ₹13,494.96 Cr open charges and ₹1,729.07 Cr settled loans. Its latest AGM occurred on 24 September 2025, with the balance sheet filed on 31 March 2025. It is based at 602, 6Th Floor, Western Edge - I, Western Express Highway, Borivali (East), ,, Mumbai, Maharashtra, 400066.

Company Details

CIN/LLPIN
L29248MH1990PLC059463
Registration Number
059463
Incorporation Date
18 December 1990
Authorized Capital
₹500.00 Cr
Paid-Up Capital
₹287.64 Cr
ROC Code
Roc Mumbai I
Listing Status
Listed
Company Status
Active

Key Metrics

Authorised Capital ₹ 500.00 Cr as on 27-02-2026
Paid Up Capital ₹ 287.64 Cr as on 27-02-2026
Company Age 35 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 13,494.96 Cr as on 27-02-2026
Satisfied Charges ₹ 1,729.07 Cr as on 27-02-2026
Revenue Growth **** 64.99% (FY 2024)
Profit Growth **** 149.54% (FY 2024)
Ebitda **** 80.64% (FY 2024)
Net Worth 111.18% (FY 2024)
Total Assets **** 45.56% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Waaree Energies Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Waaree Energies Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rajinder Singh Loona	Director	26 Mar 2025	Current
Hitesh Pranjivan Mehta	Whole-Time Director	01 Apr 2011	Current
Amit Ashok Paithankar	Ceo	01 Mar 2024	Current
Mahesh Ramchand Chhabria	Additional Director	01 Jul 2025	Current
Viren Doshi Chimanlal	Whole-Time Director	26 Nov 2007	Current
Rajender Mohan Malla	Director	16 Jan 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	13 Jun 2025	Past
Pramod Abcsdd	Director	09 Feb 2018	Past
Pramod Abcsdd	Ceo	01 Dec 2023	Past
Pramod Abcsdd	Additional Director	27 Jul 2021	Past
Pramod Abcsdd	Cfo	-	Past
Pramod Abcsdd	Additional Director	17 Mar 2025	Past

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Financial Performance of Waaree Energies.

Waaree Energies Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 64.99% increase. The company also saw a substantial improvement in profitability, with a 149.54% increase in profit. The company's net worth Soared by an impressive increase of 111.18%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

64.99%

*******

Revenue from Operations

*******

64.06%

*******

Total Assets

*******

45.56%

*******

Profit or Loss

*******

149.54%

*******

Net Worth

*******

111.18%

*******

EBITDA

*******

80.64%

*******

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What is the Ownership and Shareholding Structure of Waaree Energies?

In 2024, Waaree Energies had a promoter holding of 40.61% and a public holding of 59.39%. The company had 13 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹134,949,600,000.00

Satisfied Charges

₹17,290,717,000.00

Charges Breakdown by Lending Institutions

Sbicap Trustee Company Limited : 8038.00 Cr
Others : 2711.98 Cr
State Bank Of India : 1600.00 Cr
The Hongkong And Shanghai Banking Corporation Limited : 741.00 Cr
Axis Bank Limited : 403.98 Cr

Latest Charge Details

Date	Lender	Amount	Status
05 Jan 2026	Axis Bank Limited	₹403.98 Cr	Open
11 Apr 2025	Others	₹250.00 Cr	Open
09 Jan 2025	Others	₹650.00 Cr	Open
23 Dec 2024	Sbicap Trustee Company Limited	₹2,054.00 Cr	Open
08 Apr 2024	State Bank Of India	₹1,500.00 Cr	Open

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How Many Employees Work at Waaree Energies?

Waaree Energies has a workforce of 1519 employees as of Sep 16, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Waaree Energies, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Waaree Energies's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Waaree Energies

Recent Activity within the Organization

Charges

A charge with Axis Bank Limited amounted to Rs. 403.98 Cr with Charge ID 101224522 was registered on 05 Jan 2026. was recorded as a recent event.
05 Jan 2026
Charges

Progress on A charge with Others of Rs. 1,700.00 Cr registered on 17 Oct 2022 with Charge ID 100626251 was modified on 05 Dec 2025. was documented.
05 Dec 2025
Annual General Meeting

The activity Waaree Energies Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records. was completed.
24 Sep 2025
Charges

A charge with Sbicap Trustee Company Limited of Rs. 3,500.00 Cr registered on 23 Nov 2011 with Charge ID 10322772 was modified on 08 Sep 2025. was recorded as a recent event.
08 Sep 2025
Director Appointment

The activity Mahesh Ramchand Chhabria was appointed as a Additional Director was appointed as a Additional Director on 01 Jul 2025 & has been associated with this company since 11 months 11 days . was completed.
01 Jul 2025
Charges

The activity A charge with Others amounted to Rs. 250.00 Cr with Charge ID 101087402 was registered on 11 Apr 2025. was completed.
11 Apr 2025

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