Waaree Pv Technologies Private Limited - Company Profile

It is a environment private limited company based in Mumbai, Maharashtra, India, established in 1985.

1985 Mumbai, Maharashtra, India Amalgamated

Last Updated: June 26, 2025

About Waaree Pv Technologies Private Limited

Waaree Pv Technologies Private Limited, a amalgamated private limited company, was established on 24 October 1985 in Mumbai, Maharashtra, India. Engaging in solar energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: U40300MH1985PTC333383. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.10 M.

Formerly known as Anelec Engineering Private Ltd. It upholds a compliant status. Its leadership includes Hitesh Pranjivan Mehta (Director), Pankaj Chimanlal Doshi (Director), Kirit Chimanlal Doshi (Director). Past directors included Boghi Sridhara Rao, Hitesh Pranjivan Mehta, Deepak Raj Shah. It holds ₹36.98 Cr open charges and no settled loans. Its latest AGM occurred on 12 August 2023, with the balance sheet filed on 31 March 2023. It is based at 504, Western Edge - 1, Off Western Express Highway Borivali (East), Mumbai, Maharashtra, 400066.

Company Details

CIN/LLPIN
U40300MH1985PTC333383
Registration Number
333383
Incorporation Date
24 October 1985
Authorized Capital
₹0.50 M
Paid-Up Capital
₹0.10 M
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 0.50 M as on 26-06-2025
Paid Up Capital ₹ 0.10 M as on 26-06-2025
Company Age 40 Year, 3 Months
Last Filing with ROC 31 Mar 2023
Open Charges ₹ 36.98 Cr as on 26-06-2025
Revenue Growth **** -3.88% (FY 2023)
Profit Growth **** 73.67% (FY 2023)
Ebitda **** 1.92% (FY 2023)
Net Worth -18.05% (FY 2023)
Total Assets -3.68% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Waaree Pv Technologies Private 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 Pv Technologies Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Hitesh Pranjivan Mehta	Director	15 Jun 2020	Current
Pankaj Chimanlal Doshi	Director	10 Jun 2004	Current
Kirit Chimanlal Doshi	Director	10 Jun 2004	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	19 Aug 2019	Past
Pramod Abcsdd	Additional Director	30 Sep 2020	Past
Pramod Abcsdd	Additional Director	28 Jun 2019	Past
Pramod Abcsdd	Additional Director	18 Jun 2020	Past

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Financial Performance of Waaree Pv Technologies.

Waaree Pv Technologies Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.88% decrease. The company also saw a substantial improvement in profitability, with a 73.67% increase in profit. The company's net worth observed a substantial decline by a decrease of 18.05%.

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

********

-3.88%

*******

Revenue from Operations

*******

-4.16%

*******

Total Assets

*******

-3.68%

*******

Profit or Loss

*******

73.67%

*******

Net Worth

*******

-18.05%

*******

EBITDA

*******

1.92%

*******

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What is the Ownership and Shareholding Structure of Waaree Pv Technologies?

In 2023, Waaree Pv Technologies had a promoter holding of 100.00%. 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

₹369,800,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

Others : 36.98 Cr

Latest Charge Details

Date	Lender	Amount	Status
13 Oct 2020	Others	₹36.98 Cr	Open

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How Many Employees Work at Waaree Pv Technologies?

Unlock and access historical data on people associated with Waaree Pv Technologies, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

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

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Rating

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Alerts

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Latest Updates, News, and FAQs on Waaree Pv Technologies

Recent Activity within the Organization

Annual General Meeting

Progress on Waaree Pv Technologies Private Limited last Annual general meeting of members was held on 12 Aug 2023 as per latest MCA records. was documented.
12 Aug 2023
Balance Sheet

Waaree Pv Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai. was recorded as a recent event.
31 Mar 2023
Charges

Progress on A charge with Others of Rs. 369.80 M registered on 13 Oct 2020 with Charge ID 100378274 was modified on 25 Nov 2021. was documented.
25 Nov 2021
Charges

Progress on A charge with Others amounted to Rs. 369.80 M with Charge ID 100378274 was registered on 13 Oct 2020. was documented.
13 Oct 2020
Director Appointment

Hitesh Pranjivan Mehta was appointed as a Director was appointed as a Director on 15 Jun 2020 & has been associated with this company since 5 years 7 months . was recorded as a recent event.
15 Jun 2020
Director Appointment

The activity Pankaj Chimanlal Doshi was appointed as a Director was appointed as a Director on 10 Jun 2004 & has been associated with this company since 21 years 8 months . was completed.
10 Jun 2004

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