About Waaree Energies Limited
Data last updated: 14 July 2026
Waaree Energies Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 18 December 1990, the company has been in operation for over 36 years.
Registered with ROC Mumbai under CIN L29248MH1990PLC059463. Listed.
Capital: an authorised share capital of ₹500 Cr and a paid-up capital of ₹287.65 Cr. Formerly known as Waaree Energies Private Limited and Anmol Fluid Connectors Private Limited. It is led by directors including Viren Doshi Chimanlal and Hitesh Pranjivan Mehta.
Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2025. Office: 602 6Th Floor Western Edge – I Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹26,537 Cr, a growth of 83.72% compared to the previous year. The net worth stands at ₹15,011 Cr (up 56.44% YoY). Total assets are valued at ₹30,115 Cr (up 52.5% YoY).
The company has a workforce of approximately 1,519 employees as per the latest available data. Its group structure includes 13 subsidiaries.
The company is associated with 4 brands - Santosh Energy Techno Solutions, Vruddhi Enterprises, Waaree Energies, Waaree Rtl. As per MCA filings, the company has open charges of ₹16,145 Cr and satisfied charges of ₹1,729.07 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website waaree.com.
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Registered Address602 6Th Floor Western Edge – I Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066
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IndustryEnergy and Power, Power Equipment Manufacturers, Power EPC, BoP & BTG Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Waaree Energies Limited
Waaree Energies Limited has undergone 4 name changes throughout its history. The current legal name is Waaree Energies Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Waaree Energies Limited | Current |
| Waaree Energies Private Limited | Previous |
| Anmol Fluid Connectors Private Limited | Previous |
| Waaree Energies Priave Limited | Previous |
| Waaree Solar Private Limited | Previous |
CIN History of Waaree Energies Limited
Waaree Energies Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L29248MH1990PLC059463, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L29248MH1990PLC059463 | Current |
| U29248MH1990PLC059463 | Previous |
| U29248MH1990PTC059463 | Previous |
Associated Brands with Waaree Energies Limited
Waaree Energies Limited operates multiple associated brands including Santosh Energy Techno Solutions, Vruddhi Enterprises, and Waaree Energies. These brands represent Waaree Energies Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Santosh Energy Techno Solutions manufactures high-quality solar PV panels for sustainable energy. | santoshenergy.com | |
| Manufactures innovative solar-powered products, such as panels and integrated energy systems. | vruddhienterprises.in | |
| Manufacturer of solar PV modules | waaree.com | |
| Solar-powered products are manufactured in Mumbai, India. | waareertl.com |
Competitors & Alternatives of Waaree Energies Limited
Brands and companies operating in the same space as Waaree Energies Limited include SunPower, Sunrun, Sunnova and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
SunPower
|
Silicon-based solar PV modules are manufactured for diverse applications. | San Jose, United States, United States | 1985 |
Sunrun
|
Solar energy services are provided to residential customers nationwide. | San Francisco, United States, United States | 2007 |
Sunnova
|
Solar services are provided to residential and commercial customers. | Houston, United States, United States | 2010 |
SolarCity
|
Solar power systems are designed, financed, and installed for clients. | San Mateo, United States, United States | 2006 |
SolarSquare
|
Provider of solar panel installation services | Mumbai, India, India | 2015 |
Trina Solar
|
Photovoltaic cells for PV and smart energy solutions are developed. | San Jose, United States, United States | 1997 |
3Degrees
|
Clean energy consulting and services are offered to support sustainability. | San Francisco, United States, United States | 2007 |
Kyocera
|
Kyocera is engaged in providing technology solutions globally. | Horse Shoe, United States, United States | 1959 |
Vivint Solar
|
Provider of solar installation and designing services for residential | Lehi, United States, United States | 2011 |
Navitas Solar
|
Manufacturer of solar panel | Surat, India, India | 2013 |
Business Activity of Waaree Energies Limited
Waaree Energies Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details for Waaree Energies Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Waaree Energies Limited
Waaree Energies Limited is audited by SRBC & Co. LLP (ICAI peer reviewed, certificate valid till 2029-02-28) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| SRBC & Co. LLP (ICAI peer reviewed, certificate valid till 2029-02-28) | FY 2026 | Declaration of unmodified opinion |
Board of Directors and KMP of Waaree Energies Limited
Waaree Energies Limited currently reports 8 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viren Doshi Chimanlal | Whole-Time Director | 26 Nov 2007 | 18 Years 8 Months | Current |
|
Hitesh Pranjivan Mehta
Also directs:
Indosolar Limited, Waaree Renewable Technologies Limited, Waaree Green Aluminium Private Limited and 3 more
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Whole-Time Director | 01 Apr 2011 | 15 Years 3 Months | Current |
| Rajender Mohan Malla | Director | 16 Jan 2019 | 7 Years 6 Months | Current |
|
Richa Manoj Goyal
Also directs:
Ganesh Consumer Products Limited, Bikaji Foods International Limited, Baazar Style Retail Limited and 3 more
|
Director | 30 Aug 2021 | 4 Years 10 Months | Current |
| Hitesh Chimanlal Doshi | Managing Director | 16 Feb 2007 | 19 Years 5 Months | Current |
| Sonal Shrivastava | Cfo | 28 Sep 2024 | 1 Years 9 Months | Current |
Financials of Waaree Energies Limited FY 2026 filings available
Waaree Energies Limited reported revenue of ₹26,537 Cr (up 83.72% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Revenue from Operations | ₹26,537 Cr | ₹14,445 Cr |
| Other Income | ₹708.15 Cr | ₹401.56 Cr |
| Total Income | ₹27,245 Cr | ₹14,846 Cr |
| Cost of Materials Consumed | ₹16,911 Cr | ₹8,263.19 Cr |
| Purchases of Stock-in-Trade | ₹1,587.71 Cr | ₹1,273.84 Cr |
| Changes in Inventories | -₹1,954.97 Cr | ₹652.79 Cr |
| Employee Benefit Expense | ₹599.25 Cr | ₹318.17 Cr |
| Finance Costs | ₹280.5 Cr | ₹152.09 Cr |
| Depreciation & Amortisation | ₹989.72 Cr | ₹402.45 Cr |
| Other Expenses | ₹3,485.2 Cr | ₹1,214.87 Cr |
| Total Expenses | ₹21,898 Cr | ₹12,277 Cr |
| Profit Before Exceptional Items & Tax | ₹5,346.57 Cr | ₹2,568.66 Cr |
| Exceptional Items | -₹294.78 Cr | -₹4.02 Cr |
| Profit Before Tax | ₹5,051.79 Cr | ₹2,564.64 Cr |
| Total Tax Expense | ₹1,167.64 Cr | ₹636.51 Cr |
| Net Profit | ₹3,884.15 Cr | ₹1,928.13 Cr |
| attributable to Owners | ₹3,711.3 Cr | ₹1,867.39 Cr |
| attributable to NCI | ₹172.85 Cr | ₹60.74 Cr |
| Other Comprehensive Income | -₹2.12 Cr | ₹1.35 Cr |
| Total Comprehensive Income | ₹3,882.03 Cr | ₹1,929.48 Cr |
| EBITDA (computed) | ₹6,616.79 Cr | ₹3,123.2 Cr |
| Basic EPS | ₹129.10 | ₹68.24 |
| Diluted EPS | ₹128.84 | ₹67.96 |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Total Assets | ₹30,115 Cr | ₹19,747 Cr |
| Non-current Assets | ₹12,431 Cr | ₹6,590.56 Cr |
| Current Assets | ₹17,685 Cr | ₹13,139 Cr |
| Property, Plant & Equipment | ₹6,046.67 Cr | ₹3,585.11 Cr |
| Inventories | ₹5,855.64 Cr | ₹2,692.11 Cr |
| Trade Receivables | ₹2,492.32 Cr | ₹1,184.77 Cr |
| Cash & Equivalents | ₹774.16 Cr | ₹509.83 Cr |
| Equity (Net Worth) | ₹15,011 Cr | ₹9,595.28 Cr |
| Equity Share Capital | ₹287.65 Cr | ₹287.28 Cr |
| Borrowings (Non-current) | ₹815.14 Cr | ₹24.18 Cr |
| Borrowings (Current) | ₹1,676.39 Cr | ₹915.28 Cr |
| Total Debt (computed) | ₹2,491.53 Cr | ₹939.46 Cr |
| Current Liabilities | ₹12,708 Cr | ₹8,786.14 Cr |
| Total Liabilities | ₹15,104 Cr | ₹10,152 Cr |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Operating Cash Flow | ₹1,626.95 Cr | ₹3,158.21 Cr |
| Investing Cash Flow | -₹3,953.18 Cr | -₹6,808.37 Cr |
| Financing Cash Flow | ₹2,573.11 Cr | ₹4,035.74 Cr |
| Capital Expenditure | ₹4,881.77 Cr | ₹3,274.1 Cr |
| Free Cash Flow (computed) | -₹3,254.82 Cr | -₹115.89 Cr |
| Dividends Paid | ₹57.53 Cr | ₹0 |
| Net Change in Cash | ₹264.33 Cr | ₹388.44 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹8,480.25 Cr | ₹7,565.05 Cr | ₹6,065.64 Cr | ₹4,425.83 Cr | ₹4,003.93 Cr | ₹3,457.29 Cr | ₹3,574.38 Cr |
| Other Income | ₹179.73 Cr | ₹196.18 Cr | ₹160.9 Cr | ₹171.35 Cr | ₹136.99 Cr | ₹87.98 Cr | ₹89.09 Cr |
| Total Income | ₹8,659.98 Cr | ₹7,761.23 Cr | ₹6,226.54 Cr | ₹4,597.18 Cr | ₹4,140.92 Cr | ₹3,545.27 Cr | ₹3,663.46 Cr |
| Cost of Materials Consumed | ₹6,738.63 Cr | ₹4,010.92 Cr | ₹3,198.96 Cr | ₹2,962.43 Cr | ₹2,409.57 Cr | ₹1,908.48 Cr | ₹2,148.87 Cr |
| Purchases of Stock-in-Trade | -₹256.42 Cr | ₹297.49 Cr | ₹932.62 Cr | ₹614.02 Cr | ₹264.73 Cr | ₹327.18 Cr | ₹475.36 Cr |
| Changes in Inventories | -₹702.61 Cr | -₹85.51 Cr | -₹406.78 Cr | -₹760.07 Cr | -₹64.99 Cr | ₹127.84 Cr | ₹79.66 Cr |
| Employee Benefit Expense | ₹143.71 Cr | ₹167.75 Cr | ₹152.51 Cr | ₹135.28 Cr | ₹102.92 Cr | ₹85.17 Cr | ₹66.75 Cr |
| Finance Costs | ₹47.89 Cr | ₹93.28 Cr | ₹96.08 Cr | ₹43.25 Cr | ₹56.72 Cr | ₹30.85 Cr | ₹30.83 Cr |
| Depreciation & Amortisation | ₹300.64 Cr | ₹267.26 Cr | ₹239.76 Cr | ₹182.06 Cr | ₹153.37 Cr | ₹89.05 Cr | ₹84.27 Cr |
| Other Expenses | ₹980.19 Cr | ₹1,246.24 Cr | ₹781.93 Cr | ₹476.85 Cr | ₹369.12 Cr | ₹286.89 Cr | ₹278.89 Cr |
| Total Expenses | ₹7,252.03 Cr | ₹5,997.43 Cr | ₹4,995.08 Cr | ₹3,653.82 Cr | ₹3,291.44 Cr | ₹2,855.45 Cr | ₹3,164.63 Cr |
| Profit Before Exceptional Items & Tax | ₹1,407.95 Cr | ₹1,763.8 Cr | ₹1,231.46 Cr | ₹943.36 Cr | ₹849.48 Cr | ₹689.81 Cr | ₹498.84 Cr |
| Exceptional Items | ₹0 | -₹294.78 Cr | ₹0 | ₹0 | -₹4.02 Cr | ₹0 | ₹0 |
| Profit Before Tax | ₹1,407.95 Cr | ₹1,469.02 Cr | ₹1,231.46 Cr | ₹943.36 Cr | ₹845.46 Cr | ₹689.81 Cr | ₹498.84 Cr |
| Total Tax Expense | ₹281.69 Cr | ₹362.23 Cr | ₹353.25 Cr | ₹170.47 Cr | ₹200.99 Cr | ₹182.94 Cr | ₹123.18 Cr |
| Net Profit | ₹1,126.26 Cr | ₹1,106.79 Cr | ₹878.21 Cr | ₹772.89 Cr | ₹644.47 Cr | ₹506.88 Cr | ₹375.66 Cr |
| attributable to Owners | ₹1,061.1 Cr | ₹9.52 Cr | ₹842.55 Cr | ₹745.2 Cr | ₹618.91 Cr | ₹492.69 Cr | ₹361.65 Cr |
| attributable to NCI | ₹65.16 Cr | -₹9 Lakh | ₹35.66 Cr | ₹27.69 Cr | ₹25.56 Cr | ₹14.19 Cr | ₹14.01 Cr |
| Other Comprehensive Income | ₹4.84 Cr | ₹9.43 Cr | -₹4.49 Cr | -₹11.9 Cr | -₹53 Lakh | ₹2.82 Cr | -₹1.03 Cr |
| Total Comprehensive Income | ₹1,131.1 Cr | ₹1,116.22 Cr | ₹873.72 Cr | ₹760.99 Cr | ₹643.94 Cr | ₹509.69 Cr | ₹374.63 Cr |
| EBITDA (computed) | ₹1,756.48 Cr | ₹2,124.34 Cr | ₹1,567.3 Cr | ₹1,168.67 Cr | ₹1,059.57 Cr | ₹809.7 Cr | ₹613.94 Cr |
| Basic EPS | ₹36.91 | ₹36.95 | ₹29.33 | ₹25.94 | ₹21.59 | ₹18.41 | ₹13.75 |
| Diluted EPS | ₹36.84 | ₹36.89 | ₹29.27 | ₹25.84 | ₹21.51 | ₹18.33 | ₹13.71 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Solar Photovoltaic Modules | ₹7,902.15 Cr | ₹1,105.96 Cr | ₹18,187 Cr | ₹13,508 Cr |
| Generation of power | ₹6.01 Cr | -₹6.62 Cr | ₹423.02 Cr | ₹39.45 Cr |
| Engineering, procurement and construction (EPC) contracts | ₹1,090.69 Cr | ₹194.85 Cr | ₹1,313.44 Cr | ₹709.34 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Solar Photovoltaic Modules | ₹24,133 Cr | ₹4,423.23 Cr | - | - |
| Generation of power | ₹33.77 Cr | ₹10.51 Cr | - | - |
| Engineering, procurement and construction (EPC) contracts | ₹3,281.89 Cr | ₹547.75 Cr | - | - |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Revenue from Operations | ₹20,991 Cr | ₹12,765 Cr |
| Other Income | ₹1,387.07 Cr | ₹453.91 Cr |
| Total Income | ₹22,378 Cr | ₹13,218 Cr |
| Cost of Materials Consumed | ₹13,758 Cr | ₹7,889.29 Cr |
| Purchases of Stock-in-Trade | ₹593.51 Cr | ₹322.4 Cr |
| Changes in Inventories | -₹995.16 Cr | ₹750.8 Cr |
| Employee Benefit Expense | ₹334.74 Cr | ₹235.09 Cr |
| Finance Costs | ₹198.6 Cr | ₹131.72 Cr |
| Depreciation & Amortisation | ₹706.72 Cr | ₹320.9 Cr |
| Other Expenses | ₹2,517.91 Cr | ₹1,171.9 Cr |
| Total Expenses | ₹17,115 Cr | ₹10,822 Cr |
| Profit Before Exceptional Items & Tax | ₹5,262.88 Cr | ₹2,396.36 Cr |
| Exceptional Items | -₹294.78 Cr | ₹0 |
| Profit Before Tax | ₹4,968.1 Cr | ₹2,396.36 Cr |
| Total Tax Expense | ₹1,205.64 Cr | ₹615.19 Cr |
| Net Profit | ₹3,762.46 Cr | ₹1,781.17 Cr |
| Other Comprehensive Income | -₹8 Lakh | ₹99 Lakh |
| Total Comprehensive Income | ₹3,762.38 Cr | ₹1,782.16 Cr |
| EBITDA (computed) | ₹6,168.2 Cr | ₹2,848.98 Cr |
| Basic EPS | ₹130.88 | ₹65.09 |
| Diluted EPS | ₹130.62 | ₹64.82 |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Total Assets | ₹23,129 Cr | ₹17,852 Cr |
| Non-current Assets | ₹12,124 Cr | ₹6,921.7 Cr |
| Current Assets | ₹11,005 Cr | ₹10,930 Cr |
| Property, Plant & Equipment | ₹4,119.31 Cr | ₹2,664.78 Cr |
| Inventories | ₹3,934.1 Cr | ₹2,306.98 Cr |
| Trade Receivables | ₹1,929.63 Cr | ₹716.78 Cr |
| Cash & Equivalents | ₹187.82 Cr | ₹322.51 Cr |
| Equity (Net Worth) | ₹13,130 Cr | ₹9,407.28 Cr |
| Equity Share Capital | ₹287.65 Cr | ₹287.28 Cr |
| Borrowings (Non-current) | ₹244.63 Cr | ₹0 |
| Borrowings (Current) | ₹1,575.61 Cr | ₹911.96 Cr |
| Total Debt (computed) | ₹1,820.24 Cr | ₹911.96 Cr |
| Current Liabilities | ₹8,944.99 Cr | ₹7,313.92 Cr |
| Total Liabilities | ₹9,999.25 Cr | ₹8,444.32 Cr |
| Metrics | FY 2026 | FY 2025 |
|---|---|---|
| Operating Cash Flow | ₹704.89 Cr | ₹2,939.87 Cr |
| Investing Cash Flow | -₹1,360.27 Cr | -₹6,764.5 Cr |
| Financing Cash Flow | ₹510.09 Cr | ₹4,076.83 Cr |
| Capital Expenditure | ₹897.78 Cr | ₹2,395.55 Cr |
| Free Cash Flow (computed) | -₹192.89 Cr | ₹544.32 Cr |
| Dividends Paid | ₹75.21 Cr | ₹0 |
| Net Change in Cash | -₹134.69 Cr | ₹249.34 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹6,747.8 Cr | ₹6,290.95 Cr | ₹4,581.84 Cr | ₹3,369.92 Cr | ₹3,322.96 Cr | ₹3,082.46 Cr | ₹3,169.07 Cr |
| Other Income | ₹230.45 Cr | ₹224.9 Cr | ₹734.54 Cr | ₹197.18 Cr | ₹159.53 Cr | ₹101.73 Cr | ₹104.32 Cr |
| Total Income | ₹6,978.25 Cr | ₹6,515.85 Cr | ₹5,316.38 Cr | ₹3,567.1 Cr | ₹3,482.49 Cr | ₹3,184.2 Cr | ₹3,273.39 Cr |
| Cost of Materials Consumed | ₹4,818.18 Cr | ₹3,323.36 Cr | ₹2,927.7 Cr | ₹2,689.14 Cr | ₹2,028.34 Cr | ₹1,837.58 Cr | ₹2,215.31 Cr |
| Purchases of Stock-in-Trade | ₹303.05 Cr | ₹84.97 Cr | ₹79.72 Cr | ₹125.77 Cr | ₹113.44 Cr | ₹146.29 Cr | ₹32.85 Cr |
| Changes in Inventories | -₹345.07 Cr | ₹330.19 Cr | -₹207.56 Cr | -₹772.72 Cr | ₹23.74 Cr | ₹115.21 Cr | ₹103.07 Cr |
| Employee Benefit Expense | ₹76.22 Cr | ₹93.31 Cr | ₹84.67 Cr | ₹80.54 Cr | ₹68.37 Cr | ₹62.65 Cr | ₹51.9 Cr |
| Finance Costs | ₹31.15 Cr | ₹76.05 Cr | ₹57.64 Cr | ₹33.76 Cr | ₹48.11 Cr | ₹26.67 Cr | ₹26.73 Cr |
| Depreciation & Amortisation | ₹198.78 Cr | ₹195.21 Cr | ₹183.06 Cr | ₹129.67 Cr | ₹97.31 Cr | ₹77.41 Cr | ₹73.74 Cr |
| Other Expenses | ₹686.61 Cr | ₹778.11 Cr | ₹655.21 Cr | ₹397.98 Cr | ₹326.7 Cr | ₹280.38 Cr | ₹292.36 Cr |
| Total Expenses | ₹5,768.92 Cr | ₹4,881.2 Cr | ₹3,780.44 Cr | ₹2,684.14 Cr | ₹2,706.01 Cr | ₹2,546.2 Cr | ₹2,795.97 Cr |
| Profit Before Exceptional Items & Tax | ₹1,209.33 Cr | ₹1,634.65 Cr | ₹1,535.94 Cr | ₹882.96 Cr | ₹776.48 Cr | ₹638 Cr | ₹477.43 Cr |
| Exceptional Items | ₹0 | -₹294.78 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,209.33 Cr | ₹1,339.87 Cr | ₹1,535.94 Cr | ₹882.96 Cr | ₹776.48 Cr | ₹638 Cr | ₹477.43 Cr |
| Total Tax Expense | ₹275.77 Cr | ₹330.39 Cr | ₹376.41 Cr | ₹223.07 Cr | ₹195.96 Cr | ₹166.61 Cr | ₹119.96 Cr |
| Net Profit | ₹933.56 Cr | ₹1,009.48 Cr | ₹1,159.53 Cr | ₹659.89 Cr | ₹580.52 Cr | ₹471.39 Cr | ₹357.47 Cr |
| Other Comprehensive Income | ₹48 Lakh | ₹53 Lakh | -₹83 Lakh | ₹25 Lakh | ₹2.04 Cr | -₹34.6 Lakh | -₹80.4 Lakh |
| Total Comprehensive Income | ₹934.04 Cr | ₹1,010.01 Cr | ₹1,158.7 Cr | ₹660.14 Cr | ₹582.56 Cr | ₹471.05 Cr | ₹356.66 Cr |
| EBITDA (computed) | ₹1,439.26 Cr | ₹1,905.91 Cr | ₹1,776.64 Cr | ₹1,046.39 Cr | ₹921.9 Cr | ₹742.08 Cr | ₹577.9 Cr |
| Basic EPS | ₹32.45 | ₹35.10 | ₹40.36 | ₹22.97 | ₹20.23 | ₹17.61 | ₹13.59 |
| Diluted EPS | ₹32.42 | ₹35.04 | ₹40.28 | ₹22.88 | ₹20.16 | ₹17.54 | ₹13.55 |
Shareholding Pattern of Waaree Energies Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 64.19%, foreign institutional investors hold 7.05%, domestic institutional investors hold 4.32%, retail and other public shareholders hold 24.44% of Waaree Energies Limited. The company had 683,301 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 64.19% | 64.22% | 64.22% | 64.30% | 64.30% | 64.30% |
| Public | 35.81% | 35.78% | 35.78% | 35.70% | 35.70% | 35.70% |
| Mar 2026 | Mar 2025 | |
|---|---|---|
| Promoters | 64.19% | 64.30% |
| Public | 35.81% | 35.70% |
| Promoter change (YoY, %pts) | -0.11 | - |
Board & Governance of Waaree Energies Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Waaree Energies Limited has 9 directors - 4 independent and 5 executive. The board is chaired by Hitesh Chimanlal Doshi.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Hitesh Chimanlal Doshi | Executive Director · MD · Chairperson | 2007-02-16 | 2 |
| Viren Chimanlal Doshi | Executive Director | 2007-11-26 | 3 |
| Hitesh Pranjivan Mehta | Executive Director | 2011-04-01 | 3 |
| Amit Ashok Paithankar | Executive Director · CEO | 2024-12-23 | 2 |
| Jignesh Devchandbhai Rathod | Executive Director · CEO | 2026-03-21 | 2 |
| Rajendra Mohan Malla | Non-Executive - Independent Director | 2019-01-16 | 5 |
| Richa Manoj Goyal | Non-Executive - Independent Director | 2021-08-30 | 6 |
| Rajinder Singh Loona | Non-Executive - Independent Director | 2025-03-26 | 3 |
| Mahesh Ramchand Chhabria | Non-Executive - Independent Director | 2025-07-01 | 5 |
| Committee | Members |
|---|---|
| Audit Committee | Rajendra Mohan Malla (Chairperson), Richa Manoj Goyal, Hitesh Pranjivan Mehta |
| Nomination and remuneration committee | Richa Manoj Goyal (Chairperson), Rajendra Mohan Malla, Rajinder Singh Loona |
| Stakeholders Relationship Committee | Mahesh Ramchand Chhabria (Chairperson), Hitesh Pranjivan Mehta, Viren Chimanlal Doshi |
| Risk Management Committee | Hitesh Pranjivan Mehta (Chairperson), Rajendra Mohan Malla, Mahesh Ramchand Chhabria |
| Corporate Social Responsibility Committee | Hitesh Chimanlal Doshi (Chairperson), Hitesh Pranjivan Mehta, Rajinder Singh Loona |
Group Structure of Waaree Energies Limited
Waaree Energies Limited has 13 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Waaree Energies Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Indosolar Limited | L18101DL2005PLC134879 | - |
| Waaree Renewable Technologies Limited | L93000MH1999PLC120470 | - |
| Waaree Green Energy Solutions Private Limited | U28195MH2020PTC337134 | - |
| Sangam Solar Four Private Limited | U40100MH2020PTC337133 | - |
| Waaree Green Aluminium Private Limited | U40106MH2010PTC208561 | - |
| Waasang Solar Private Limited | U40106MH2018PTC312031 | - |
Showing major subsidiaries. Total: 13.
Charges & Borrowings of Waaree Energies Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jun 2026 | State Bank of India | ₹2,650 Cr | Open |
| 05 Jan 2026 | Axis Bank Limited | ₹403.98 Cr | Open |
| 11 Apr 2025 | Others | ₹250 Cr | Open |
| 09 Jan 2025 | Others | ₹650 Cr | Open |
| 23 Dec 2024 | Sbicap Trustee Company Limited | ₹2,054 Cr | Open |
Total charge records: 33 View all charges
Employees and EPFO Compliance at Waaree Energies Limited
Waaree Energies Limited has a workforce of 1,519 employees as of Sep 16, 2025.
Employee and EPFO history for Waaree Energies Limited
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GST Compliance of Waaree Energies Limited
GST registrations and filing compliance for Waaree Energies Limited
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Credit Ratings, Litigation & Regulatory Alerts for Waaree Energies Limited
Credit ratings, litigation, and regulatory alerts for Waaree Energies Limited
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MSME Payment Delays by Waaree Energies Limited
MSME payment history for Waaree Energies Limited
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Subsidiaries & Group Companies of Waaree Energies Limited
Corporate group structure for Waaree Energies Limited
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MCA Filings & Documents of Waaree Energies Limited
MCA filings and documents for Waaree Energies Limited
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Recent Activity on Waaree Energies Limited
Recent News on Waaree Energies Limited
Frequently Asked Questions about Waaree Energies Limited
Waaree Energies Limited is an active public limited company in the energy and power sector based in Mumbai, Maharashtra, India. It was incorporated on 18 December 1990 (36+ years old) and is registered under CIN L29248MH1990PLC059463. The company has 1,519 employees.
Waaree Energies Limited reported revenue of ₹26,537 Cr for FY 2026 (up 83.72% YoY) based on consolidated NSE filings.
The current directors and KMP of Waaree Energies Limited are:
- Viren Doshi Chimanlal - Whole-Time Director
- Hitesh Pranjivan Mehta - Whole-Time Director
- Rajender Mohan Malla - Director
- Richa Manoj Goyal - Director
- Hitesh Chimanlal Doshi - Managing Director
- Sonal Shrivastava - Cfo
- Mahesh Ramchand Chhabria - Director
- Rajinder Singh Loona - Director
- Amit Ashok Paithankar - Whole-Time Director
The primary industry of Waaree Energies Limited is energy and power. The company specifically operates in power equipment manufacturers. The company is currently active in this sector.
Yes, Waaree Energies Limited is a listed company.
Waaree Energies Limited can be reached at the registered office: 602 6Th Floor Western Edge – I Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066, or through the website waaree.com.