About
Basic Data Updated:
24 days agoWaaree Energies Limited was founded in 2007 and is known for its production of solar photo voltaic (PV) modules at its manufacturing facility in Surat, Gujarat. The company initially began as a trading business for solar PV modules, but has since expanded its own production capacity in a gradual manner. Currently, the company boasts a manufacturing capacity of 1,500 MW, with two locations in Gujarat. In addition to the sale and production of PV modules, Waaree Energies Limited also offers engineering, procurement, and construction (EPC) services for solar power plants. Along with trading PV modules, the company also specializes in other solar-related products such as solar lights, solar water heaters, and solar water pumps. These products are all designed to harness the power of the sun and provide sustainable energy solutions for individuals and businesses alike. With its strong commitment to renewable energy and innovative products, Waaree Energies Limited continues to make a positive impact in the world of solar energy.
Industry
Company Details
- Location
Mumbai, Maharashtra, India
- Website12224421
- Telephone12224421
- Email Address12224421
- Social Media12224421
| CIN/LLPIN/FCRN | U29248MH1990PLC059463 |
| Company No. | 059463 |
| Company Classification | Public Limited Indian Non-Government Company |
| Incorporation Date | 18 Dec 1990 |
| Date of AGM | 29 Sep 2023 |
| Date of Balance Sheet | 31 Mar 2023 |
| Listing Status | Unlisted |
| ROC Code | Roc Mumbai |
Products or Services related to Waaree Energies Limited
Lithium Battery
Solar Panels
Electric Vehicle Battery
Solar Batteries
Financials of Waaree Energies Limited
Waaree Energies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 132.41% increase. The company also saw a substantial improvement in profitability, with a 549.44% increase in profit. The company's net worth Soared by an impressive increase of 360.32%.
Corporate Structure
Unlock access to Waaree Energies's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.
People in Waaree Energies Limited
Unlock and access historical data on people associated with Waaree Energies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Executive Team (4)
Hitesh Mehta
CFOAppointment Date: 29-Jun-2021
Status: Current
Hitesh Doshi Managing DirectorAppointment Date: 16-Feb-2007
Status: Current
AP
Amit Paithankar CEOAppointment Date: 30-Mar-2024
Status: Current
RG
Rajesh Gaur Company SecretaryAppointment Date: 19-May-2023
Status: Current
Board Members(7)
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 08 Apr 2024 | ₹1,500.00 Cr | Open |
The Hongkong And Shanghai Banking Corporation Limited Creation Date: 22 Mar 2024 | ₹418.13 Cr | Open |
Sbicap Trustee Company Limited Creation Date: 31 Jul 2023 | ₹2,484.00 Cr | Open |
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
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Alert
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Related Corporates (Common Directorship)
8 years 11 months 
Recent activity within the organization
Charges
A charge with State Bank Of India amounted to Rs. 1,500.00 cr with Charge ID 100902994 was registered on 08 Apr 2024.
08 Apr 2024Director Appointment
Amit Ashok Paithankar was appointed as a Ceo was appointed as a Ceo on 30 Mar 2024 & has been associated with this company since 1 month 20 days .
30 Mar 2024Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 418.13 cr with Charge ID 100899449 was registered on 22 Mar 2024.
22 Mar 2024Charges
A charge with Sbicap Trustee Company Limited of Rs. 500.00 cr registered on 23 Nov 2011 with Charge ID 10322772 was modified on 19 Feb 2024.
19 Feb 2024Charges
A charge with Others of Rs. 1,700.00 cr registered on 17 Oct 2022 with Charge ID 100626251 was modified on 14 Feb 2024.
14 Feb 2024
Recent News, Updates & Announcement
Indian solar modules maker Waaree Energies files for IPO.Renewables Now 29 Dec 2023
- Waaree Energies triples capacity with Vapi solar panel plant Mint.
The 1 GW Vapi solar panel plant is in addition to the 500 MW Surat plant says Sunil Rathi of Waaree Energies and the plan is to increase to 2 GW capacity.
mint 18 Jun 2018
- Mumbai Metro gets rooftop solar from Waaree Energies.
PV-Tech 09 Oct 2017
- Enphase Energy and Waaree Energies Join Forces to Deliver Smarter Solar in India.
GlobeNewswire 19 Sep 2017
Frequently asked questions
What is the Incorporation or founding date of Waaree Energies Limited?
