India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,545 Viren Chimanlal Doshi ₹1,300 Cr
Revenue · FY 2025
₹2.37 Lakh
▼ 100.00% YoY
Net loss · FY 2025
₹36,942
Net margin -15.6%
EBITDA · FY 2025
₹2.22 Lakh
EBITDA margin 93.7%
Authorised capital
₹150 Cr
Registered with MCA
Paid-up capital
₹53.21 Cr
Issued & subscribed
Open charges
₹150 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Waaree Power Private Limited
Data last updated:
Waaree Power Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Waaree Energies Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 17 December 2019 and has been in existence for over 7 years.
Its director Viren Chimanlal Doshi is #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40108MH2019PTC334568. Its GSTIN is 27AACCW5669C1Z5 (Maharashtra).
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹53.21 Cr. It is led by directors Ankit Hitesh Doshi and Viren Doshi Chimanlal.
Its last annual general meeting (AGM) was held on 23 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 602 Western Edge 1 Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.37 Lakh. For the same year it recorded a net loss of ₹36,942 (net margin -15.6%) and EBITDA of ₹2.22 Lakh (EBITDA margin 93.7%).
The company is associated with 1 brand: Waaree Energies. As per MCA filings, the company has open charges of ₹150 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in January 2020.
For more details, the company can be reached via its website waaree.com.
Company details
CIN U40108MH2019PTC334568
Registration Number 334568
Incorporation Date 17 December 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Waaree Energies Limited
Recognitions & Rankings of Waaree Power
Contact details
Waaree Power Private Limited's registered office is in Mumbai, Maharashtra. Its website is waaree.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address602 Western Edge 1 Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Waaree Power Private Limited, buy the company report.
Comprehensive company report
Waaree Power Private Limited - one report that includes everything
- 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
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Brands
Waaree Power operates one associated brand: Waaree Energies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of solar PV modules | waaree.com |
Business activity
The main business activity of Waaree Power 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 |
Financials of Waaree Power Private Limited
FY 2025 filings availableWaaree Power Private Limited reported revenue of ₹2.37 Lakh for FY 2025.
Revenue · FY 2025
₹2.37 Lakh
Net loss · FY 2025
₹36,942 margin -15.6%
EBITDA · FY 2025
₹2.22 Lakh margin 93.7%
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.22 Lakh | ||||
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| Net Profit (PAT) | -₹36,942 | ||||
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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 | 93.7% | ||||
| Net Profit Margin | -15.6% | ||||
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To see the full financial statements and ratios of Waaree Power Private Limited, buy the company report.
Board of directors of Waaree Power Private Limited
Waaree Power has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Hitesh Doshi | Director | 01 Jul 2022 | 4 Years 3 Months | Current |
| Viren Doshi Chimanlal | Director | 17 Dec 2019 | 6 Years 10 Months | Current |
Auditor
Waaree Power Private Limited is audited by VISHAL SURTI & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHAL SURTI & ASSOCIATES | FY 2022 | 188450 |
Shareholding
The shareholding of Waaree Power Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Waaree Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹150 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2025 | 101179124 | Others | ₹100 Cr | Open | |
| 15 Oct 2025 | 101180113 | Others | ₹50 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Waaree Power Private Limited has 1 deal on record (1 secondary share transfer); the latest was in January 2020.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Secondary share transfer | Undisclosed | Buyer: Azure Power India Private Limited Seller: Waaree Energies Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Waaree Power Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Waaree Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Waaree Power has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCW5669C1Z5 | Maharashtra | Active | 08 Jan 2020 |
To see the full GST registrations and return filing status of Waaree Power Private Limited, buy the company report.
Recent activity
Waaree Power Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Ankit Hitesh Doshi ceased to be Additional Director on 03 Sep 2022.
Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101179124 was registered on 15 Oct 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101180113 was registered on 15 Oct 2025.
AGM
Waaree Power Private Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records.
Filing
Waaree Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Ankit Hitesh Doshi ceased to be Additional Director.
Appointed
Ankit Hitesh Doshi was appointed as Director.
Ceased
Hitesh Chimanlal Doshi ceased to be Director.
Ceased
Priyadarshan Sureshchandra Bhatewara ceased to be Additional Director.
Appointed
Viren Doshi Chimanlal was appointed as Director.
Incorporation
17 Dec 2019
Waaree Power Private Limited was registered on 17 Dec 2019 with Roc Mumbai & aged 6 years 10 months as per MCA records.
News
Frequently asked questions
Waaree Power is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 17 December 2019 (7+ years old) and is registered under CIN U40108MH2019PTC334568.
Waaree Power has 2 current directors:
- Ankit Hitesh Doshi - Director
- Viren Doshi Chimanlal - Director
The latest financial statements of Waaree Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Waaree Power is 27AACCW5669C1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Waaree Power is U40108MH2019PTC334568. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waaree Power was incorporated on 17 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Waaree Power has 1 deal on record (1 secondary share transfer); the latest was in January 2020.
Ankit Hitesh Doshi ceased to be Additional Director on 03 Sep 2022. Ankit Hitesh Doshi was appointed as Director on 01 Jul 2022. Hitesh Chimanlal Doshi ceased to be Director on 01 Jul 2022. Waaree Power has 5 board changes on record in total.
Waaree Power can be reached through the website waaree.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Waaree Power is at 602 Western Edge 1 Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066.