Waaree Renewable Technologies Limited

BSE: 534618
Waaree Renewable Technologies Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L93000MH1999PLC120470 Incorporated 22 June 1999 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - BSE: 534618 Public Limited Company energy and power
Data last updated
Market Cap
₹8,622 Cr
WAAREERTL · NSE
Share Price
₹821.40
-0.56% today
Revenue
₹3,331 Cr
FY 2025-26 · +108.4% YoY
EBITDA
₹641 Cr
Margin 19.2%
Net Profit
₹479 Cr
FY 2025-26 · +108.0% YoY
P/E (TTM)
17.1x
P/B 9.3x

About Waaree Renewable Technologies Limited

Data last updated: 29 September 2026

Waaree Renewable Technologies Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Waaree Energies Limited. It specialises in bop and btg services, a part of the broader energy and power sector. Incorporated on 22 June 1999, the company has been in operation for over 27 years.

Registered with ROC Mumbai under CIN L93000MH1999PLC120470. Listed on BSE: 534618.

Capital: an authorised share capital of ₹21.31 Cr and a paid-up capital of ₹20.87 Cr. Formerly known as Sangam Advisors Limited and Sangam Advisors Private Limited. It is led by directors including Nilesh Bhogilal Gandhi and Hitesh Pranjivan Mehta.

Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: 504 Western Edge – 1 Off Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹3,331.42 Cr, a growth of 108.51% compared to the previous year. The net worth stands at ₹934.35 Cr (up 105.16% YoY). Total assets are valued at ₹1,084.26 Cr (up 124.19% YoY).

The company has a workforce of approximately 113 employees as per the latest available data. It operates as a subsidiary of Waaree Energies Limited. Its group structure includes 4 subsidiaries.

The company is associated with 2 brands - Waaree Energies, Waaree Rtl. As per MCA filings, the company has open charges of ₹3,580.75 Cr and satisfied charges of ₹353.96 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.

Company Details of Waaree Renewable Technologies Limited
CIN L93000MH1999PLC120470
Registration Number 120470
Incorporation Date 22 June 1999
ROC Mumbai
Listing Status Listed (BSE: 534618)
Company Status Active
Date of Last AGM 23 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Waaree Energies Limited
Compliance Status Active Compliant
Key People
Pujan Pankaj Doshi Managing Director Hitesh Pranjivan Mehta Whole-Time Director Viren Doshi Chimanlal Whole-Time Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    waaree.com
  • Social Media
  • Registered Address
    504 Western Edge – 1 Off Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066
  • Industry
    Energy and Power, BoP & BTG Services, Power EPC
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Financials, compliance, directors, charges, ownership and filings for Waaree Renewable Technologies Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited has undergone 3 name changes throughout its history. The company was previously known as Sangam Advisors Limited, Sangam Advisors Private Limited, and Sangam Renewables Limited. The current legal name is Waaree Renewable Technologies Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Waaree Renewable Technologies Limited Current
Sangam Advisors Limited Previous
Sangam Advisors Private Limited Previous
Sangam Renewables Limited Previous

CIN History of Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L93000MH1999PLC120470, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L93000MH1999PLC120470 Current
U74140MH1995PLC120470 Previous
U74140MH1995PTC120470 Previous
L74140MH1999PLC120470 Previous
U74140MH1999PLC120470 Previous

Associated Brands with Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited operates two associated brands: Waaree Energies and Waaree RTL. These brands represent Waaree Renewable Technologies Limited's diversified market presence and brand portfolio.

Brand Description Website
Waaree Energies
Manufacturer of solar PV modules waaree.com
Waaree RTL
Solar-powered products are manufactured in Mumbai, India. waareertl.com

Competitors & Alternatives of Waaree Renewable Technologies Limited

Brands and companies operating in the same space as Waaree Renewable Technologies Limited include Trina Solar, Kyocera, Navitas Solar and 7 more.

Competitor Description Location Founded
Trina Solar Trina Solar Photovoltaic cells for PV and smart energy solutions are developed. San Jose, United States, United States 1997
Kyocera Kyocera Kyocera is engaged in providing technology solutions globally. Horse Shoe, United States, United States 1959
Navitas Solar Navitas Solar Manufacturer of solar panel Surat, India, India 2013
Su-Kam Power Systems Su-Kam Power Systems Solar panels and power storage products are manufactured. Gurugram, India, India 1988
Servoteh Servoteh Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs Delhi, India, India 2004
Borosil Renewables Borosil Renewables Solar glass is manufactured by Borosil Renewables for photovoltaic applications. Mumbai, India, India 1962
Emmvee Emmvee Manufactures solar panels, water heaters, and turnkey solutions for renewable energy. Bengaluru, India, India 1992
HHV Solar Technologies HHV Solar Technologies PV modules are manufactured by HHV Solar Technologies in India. Bengaluru, India, India 2008
SuKam Solar SuKam Solar Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries Gurugram, India, India 1998
Gautam Solar Gautam Solar Manufactures solar modules and power plants with high-efficiency technology in India. Delhi, India, India 1997

Business Activity of Waaree Renewable Technologies Limited

Waaree Renewable Technologies 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
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Business activity turnover details for Waaree Renewable Technologies Limited

Turnover contribution percentages and historical activity changes require an active report plan.

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Auditor Details of Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited is audited by KKC & Associates LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
KKC & Associates LLP Locked Locked Locked
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Complete auditor history for Waaree Renewable Technologies Limited

Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.

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Board of Directors of Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited is currently managed by 8 directors, with 23 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Nilesh Bhogilal Gandhi
Also directs: Indosolar Limited, Rational Engineers Limited, Unid Finance Consultancy Private Limited and 1 more
Director 13 Feb 2017 9 Years 7 Months Current
Hitesh Pranjivan Mehta
Also directs: Indosolar Limited, Waaree Energies Limited, Waaree Green Aluminium Private Limited and 3 more
Whole-Time Director 15 Jun 2020 6 Years 3 Months Current
Pujan Pankaj Doshi
Also directs: Waaree Pv Power Llp, Omntec Waaree Atg Pvt. Ltd., Waaree Infrastructure & Agritech Private Limited and 5 more
Managing Director 02 Sep 2016 10 Years 0 Months Current
Viren Doshi Chimanlal
Also directs: Dhaata Solar Llp, Sunbless Solar Llp, Waaree Pv Power Llp and 5 more
Whole-Time Director 22 Jul 2021 5 Years 2 Months Current
Sunil Nandkishor Rathi
Also directs: All India Solar Industries Association
Whole-Time Director 28 Mar 2023 3 Years 6 Months Current
Sudhir Arya
Also directs: Iifcl Asset Management Company Limited
Director 16 Apr 2025 1 Years 5 Months Current
Showing 6 of 8 current directors. View all directors

Financials of Waaree Renewable Technologies Limited FY 2025-26 filings available

Waaree Renewable Technologies Limited reported revenue of ₹3,331.42 Cr (up 108.51% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹3,331 Cr
+108.5% YoY
EBITDA
₹641 Cr
+108.9% YoY
Profit After Tax
₹479 Cr
+108.0% YoY
Net Worth
₹934 Cr
+105.2% YoY
Total Assets
₹1,084 Cr
+124.2% YoY
Total Debt
₹146 Cr
+432.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,3311,59887635116212.985.68
Revenue growth+108.4%+92.9%+150.5%+93.6%+2203.7%+13.0%+37.3%
EBITDA64130720783.7523.516.990.38
EBITDA margin+19.2%+19.2%+23.6%+23.9%+14.6%+53.9%+6.7%
Profit before tax64030019877.0321.223.40(2.52)
Net profit47923014555.208.49(2.34)(2.81)
Net profit margin+14.4%+14.4%+16.6%+15.7%+5.3%-18.0%-49.5%
EPS (₹)45.8621.9813.9526.634.13(1.14)(1.53)
Balance sheet
Total assets1,08448428712471.9117296.34
Net worth93445524785.1429.9022.2725.95
Total debt14627.3740.4838.9841.8411739.77
Cash & bank35919412116.5142.196.1136.76
Net working capital506150135(15.43)10.89(7.43)23.40
Cash flow
Cash from operations28730312865.1542.55(2.31)50.85
Cash from investing(264)(237)(114)(65.96)9.43(105)(38.16)
Cash from financing22.55(48.57)(7.18)(9.20)(39.99)80.6814.38
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9241,102851775603477360524
Revenue growth (YoY)+53.2%+131.3%+136.2%+47.7%+155.2%+74.4%+11.2%+249.5%
Other income5.276.055.124.434.834.863.783.40
EBITDA17320715915811812271.9371.57
EBITDA margin+18.8%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%+13.6%
Depreciation5.782.092.112.182.231.631.621.58
Interest9.592.683.423.623.564.383.354.09
Profit before tax16320815815711712170.7469.30
Tax44.4252.3838.2040.2230.1827.4017.2615.78
Net profit11915612011686.4193.7653.4853.52
EPS (₹)11.0914.9411.5011.138.278.985.125.12
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,3311,5978763421547.601.98
Revenue growth+108.5%+92.8%+151.9%+89.4%+2793.4%+152.6%-24.1%
EBITDA64130720775.9913.232.750.06
EBITDA margin+19.2%+19.2%+23.6%+22.2%+8.6%+36.2%+3.0%
Profit before tax64430119979.8125.952.66(0.37)
Net profit48323014559.2920.392.34(0.29)
Net profit margin+14.5%+14.4%+16.6%+17.4%+13.3%+30.8%-14.7%
EPS (₹)46.1922.0113.9728.549.801.12(0.09)
Balance sheet
Total assets1,05948528911252.5269.9067.14
Net worth93945724711152.2132.7830.42
Total debt11527.3740.480.000.0936.9436.67
Cash & bank35819312112.7438.570.530.28
Net working capital50315413922.7549.2234.680.60
Cash flow
Cash from operations29130212858.1533.523.273.30
Cash from investing(272)(237)(114)(66.00)18.59(8.01)2.89
Cash from financing25.84(48.57)(7.18)(2.31)(39.36)4.99(6.13)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8111,102851775603477360524
Revenue growth (YoY)+34.5%+131.3%+136.2%+47.7%+155.3%+74.4%+11.2%+249.6%
Other income6.917.656.645.124.934.943.863.49
Total expenses652896692617486354288453
EBITDA15920715915811812271.8771.54
EBITDA margin+19.7%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%+13.6%
Depreciation2.292.062.082.152.201.601.591.56
Interest7.372.683.423.623.564.383.354.09
Profit before tax15721016015711712170.7969.38
Tax42.2652.3738.1940.2130.1827.3917.2515.81

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 29 Sep 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue9241,102851775603477360524
Revenue growth (YoY)+53.2%+131.3%+136.2%+47.7%+155.2%+74.4%+11.2%+249.5%
Other income5.276.055.124.434.834.863.783.40
EBITDA17320715915811812271.9371.57
EBITDA margin+18.8%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%+13.6%
Depreciation5.782.092.112.182.231.631.621.58
Interest9.592.683.423.623.564.383.354.09
Profit before tax16320815815711712170.7469.30
Tax44.4252.3838.2040.2230.1827.4017.2615.78
Net profit11915612011686.4193.7653.4853.52
EPS (₹)11.0914.9411.5011.138.278.985.125.12
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,3311,59887635116212.985.68
Revenue growth+108.4%+92.9%+150.5%+93.6%+2203.7%+13.0%+37.3%
Other income20.4314.804.151.538.322.441.69
Total expenses2,6901,2916692671385.995.30
Employee cost0.0029.5617.309.475.530.550.67
EBITDA64130720783.7523.516.990.38
EBITDA margin+19.2%+19.2%+23.6%+23.9%+14.6%+53.9%+6.7%
Depreciation8.626.376.122.953.671.691.11
Interest13.2914.846.775.306.944.343.48
Profit before tax64030019877.0321.223.40(2.52)
Tax16171.5553.2321.6812.325.770.66
Net profit47923014555.208.49(2.34)(2.81)
Net profit margin+14.4%+14.4%+16.6%+15.7%+5.3%-18.0%-49.5%
EPS (₹)45.8621.9813.9526.634.13(1.14)(1.53)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.8720.8520.8320.8120.8120.8120.81
Reserves & surplus91343522664.339.091.465.14
Shareholders' funds (net worth)93445524785.1429.9022.2725.95
Minority interest(0.52)(0.46)(0.23)(0.14)(0.05)31.9630.57
Secured loans21.6727.3730.4833.5636.3278.010.00
Unsecured loans1240.0010.005.425.5239.1039.77
Total debt14627.3740.4838.9841.8411739.77
Total liabilities1,08448428712471.9117296.34
Assets
Gross block30121716981.7077.8715832.09
Net block27219815774.2873.1615530.49
Capital work in progress17856.373.1780.200.901.5241.18
Investments31.2051.979.000.000.5630.090.00
Inventories1176.4529.1736.521.690.460.00
Sundry debtors1,17249837361.3146.536.171.36
Cash & bank balances35919412116.5142.196.1136.76
Loans & advances11961.7918.7113.212.191.626.92
Total current assets1,76776054112892.6014.3645.04
Total current liabilities1,26161040614381.7121.7921.64
Net working capital506150135(15.43)10.89(7.43)23.40
Total assets1,08448428712471.9117296.34
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash26.799.593.2613.271.2827.470.40
Net cash from operating activities28730312865.1542.55(2.31)50.85
Net cash from investing activities(264)(237)(114)(65.96)9.43(105)(38.16)
Net cash from financing activities22.55(48.57)(7.18)(9.20)(39.99)80.6814.38
Net change in cash45.0217.206.34(10.01)11.99(26.19)27.07
Closing cash35919412116.5142.196.1136.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+108.5%+82.3%+149.7%+117.3%+1144.2%+128.5%-19.3%
EBITDA growth+108.9%+48.1%+147.4%+256.2%+236.3%+1739.5%-88.1%
PBT growth+112.9%+51.4%+157.6%+263.0%+524.1%+9998.0%-
Net income growth+108.0%+58.4%+163.2%+550.2%+9998.0%+16.7%-63.4%
Revenue CAGR (3Y)+111.7%+114.7%+307.2%+295.3%+184.1%+85.6%-
EBITDA CAGR (3Y)+97.1%+135.5%+209.5%+504.0%+94.8%+140.9%-
Profitability & leverage
Net income margin+14.4%+14.3%+16.6%+15.8%+5.5%-18.3%-56.0%
Return on capital employed-+81.7%+99.6%+83.8%+26.6%0.0%0.0%
Return on net worth-+65.2%+87.6%+96.1%+34.0%0.0%0.0%
Debt / equity-0.100.240.703.053.252.17
Long-term debt / equity-0.070.170.552.823.132.09
Interest cover2.104.943.376.5634.9881.89-476.71
Efficiency & per share
Fixed asset turnover-8.306.984.401.370.140.18
Inventory turnover-89.7126.6918.37150.2356.430.00
Debtors turnover-3.674.046.516.133.452.07
EPS (₹)45.8621.9813.9526.634.13(1.14)(1.53)
Dividend per share (₹)0.001.001.001.000.500.000.00
Book value per share (₹)0.0043.6923.6740.9014.3710.7012.47
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue8111,102851775603477360524
Revenue growth (YoY)+34.5%+131.3%+136.2%+47.7%+155.3%+74.4%+11.2%+249.6%
Other income6.917.656.645.124.934.943.863.49
Total expenses652896692617486354288453
EBITDA15920715915811812271.8771.54
EBITDA margin+19.7%+18.8%+18.7%+20.4%+19.5%+25.7%+20.0%+13.6%
Depreciation2.292.062.082.152.201.601.591.56
Interest7.372.683.423.623.564.383.354.09
Profit before tax15721016015711712170.7969.38
Tax42.2652.3738.1940.2130.1827.3917.2515.81
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,3311,5978763421547.601.98
Revenue growth+108.5%+92.8%+151.9%+89.4%+2793.4%+152.6%-24.1%
Other income24.3415.134.465.1814.353.693.11
Total expenses2,6901,2906692661404.851.92
Employee cost0.0029.5617.309.475.530.550.67
EBITDA64130720775.9913.232.750.06
EBITDA margin+19.2%+19.2%+23.6%+22.2%+8.6%+36.2%+3.0%
Depreciation8.506.255.990.180.160.160.16
Interest13.2914.846.771.181.473.623.38
Profit before tax64430119979.8125.952.66(0.37)
Tax16171.5453.1220.415.550.32(0.21)
Net profit48323014559.2920.392.34(0.29)
Net profit margin+14.5%+14.4%+16.6%+17.4%+13.3%+30.8%-14.7%
EPS (₹)46.1922.0113.9728.549.801.12(0.09)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital20.8720.8520.8320.8120.8120.8120.81
Reserves & surplus91943622790.6231.4011.979.61
Shareholders' funds (net worth)93945724711152.2132.7830.42
Secured loans21.6727.3730.480.000.000.000.00
Unsecured loans93.230.0010.000.000.0936.9436.67
Total debt11527.3740.480.000.0936.9436.67
Total liabilities1,05948528911252.5269.9067.14
Assets
Gross block26621416610.123.823.753.75
Net block2381951549.273.153.243.40
Capital work in progress11156.223.0380.050.000.000.00
Investments31.2351.999.010.220.7832.1032.10
Inventories1176.4529.1736.521.690.460.00
Sundry debtors1,17249737261.2845.112.460.02
Cash & bank balances35819312112.7438.570.530.28
Loans & advances11266.6823.0254.3142.7544.030.86
Total current assets1,75976454516512847.481.16
Total current liabilities1,25661040614278.9012.800.56
Net working capital50315413922.7549.2234.680.60
Total assets1,05948528911252.5269.9067.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash26.779.583.2413.180.430.180.12
Net cash from operating activities29130212858.1533.523.273.30
Net cash from investing activities(272)(237)(114)(66.00)18.59(8.01)2.89
Net cash from financing activities25.84(48.57)(7.18)(2.31)(39.36)4.99(6.13)
Net change in cash44.9817.196.33(10.16)12.750.250.06
Closing cash35819312112.7438.570.530.28
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+108.5%+82.3%+156.4%+122.5%+1920.5%+283.8%-60.6%
EBITDA growth+108.8%+48.4%+172.3%+474.4%+381.1%+4483.3%-97.6%
PBT growth+113.8%+51.6%+148.9%+207.6%+875.6%+9998.0%-
Net income growth+109.4%+58.4%+145.3%+190.8%+771.4%+9998.0%-
Revenue CAGR (3Y)+113.6%+118.3%+386.7%+456.8%+212.5%+80.2%+96.7%
EBITDA CAGR (3Y)+103.6%+185.2%+322.2%+981.9%+74.3%--
Profitability & leverage
Net income margin+14.5%+14.4%+16.6%+17.4%+13.3%+30.8%-8.1%
Return on capital employed-+81.6%+102.6%+98.6%+44.8%+9.2%+5.0%
Return on net worth-+65.2%+81.1%+72.6%+48.0%+7.4%-1.6%
Debt / equity-0.100.110.000.441.161.78
Long-term debt / equity-0.070.080.000.441.161.78
Interest cover2.104.933.371.5611.25139.77-3,380.00
Efficiency & per share
Fixed asset turnover-8.439.9449.0340.572.030.53
Inventory turnover-89.6926.6817.89142.8533.040.00
Debtors turnover-3.684.046.426.466.131.37
EPS (₹)46.1922.0113.9728.549.801.12(0.09)
Dividend per share (₹)0.001.001.001.000.500.000.00
Book value per share (₹)0.0043.8123.7653.5425.0815.7514.62
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Shareholding Pattern of Waaree Renewable Technologies Limited

As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 74.30%, foreign institutional investors hold 2.00%, domestic institutional investors hold 0.10%, retail and other public shareholders hold 23.60% of Waaree Renewable Technologies Limited.

Promoters: 74.30%DII (Domestic Institutional): 0.10%FII (Foreign Institutional): 2.00%Retail & Others: 23.60%
Jun 2026
QUARTER
74.30% Promoters
0.10% DII (Domestic Institutional)
2.00% FII (Foreign Institutional)
23.60% Retail & Others
Promoter holding - history
Now 74.30% · Jun 2026High 74.40% · Sep 2025Low 74.30% · Dec 2025
73%73.8%74.5%75.3%76%Sep 2025Dec 2025Mar 2026Jun 2026Sep 2025: 74.40%Dec 2025: 74.30%Mar 2026: 74.30%Jun 2026: 74.30%74.40%74.30%74.30%
Shareholding trend - last 6 quarters
Jun 2026Mar 2026Dec 2025Sep 2025
Promoters74.30%74.30%74.30%74.40%
Public25.70%25.70%25.70%25.60%

Group Structure of Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited has 4 subsidiary companies. This group structure data is as of FY 2023. The corporate group structure reflects Waaree Renewable Technologies Limited's business expansion strategy and organizational complexity.

4
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Waasang Solar Private Limited U40106MH2018PTC312031 -
Waaree Pv Technologies Private Limited U40300MH1985PTC333383 -
Waasang Solar One Private Limited U40300MH2018PTC313194 -
Sangam Rooftop Solar Private Limited U74999MH2016PTC315380 -

Showing major subsidiaries. Total: 4.

Charges & Borrowings of Waaree Renewable Technologies Limited

Open charges
₹3,580.75 Cr
Satisfied charges
₹353.96 Cr
Breakdown by lending institutions
Others₹2,930.75 Cr
Yes Bank Limited₹300.00 Cr
Hdfc Bank Limited₹200.00 Cr
Axis Bank Limited₹150.00 Cr
Latest charge details
DateLenderAmountStatus
04 Jun 2026 Others ₹918.75 Cr Open
10 Nov 2025 Axis Bank Limited ₹150 Cr Open
20 May 2025 Others ₹6.5 Cr Open
19 May 2025 Others ₹50 Lakh Open
19 Dec 2024 Others ₹500 Cr Open

Total charge records: 16 View all charges

Employees and EPFO Compliance at Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited has a workforce of 113 employees as of Apr 06, 2024.

Employee count
113
Active EPFO establishments
1
Employee growth
59.15%
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Employee and EPFO history for Waaree Renewable Technologies Limited

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GST Compliance of Waaree Renewable Technologies Limited

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GST registrations and filing compliance for Waaree Renewable Technologies Limited

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Credit Ratings, Litigation & Regulatory Alerts for Waaree Renewable Technologies Limited

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Credit ratings, litigation, and regulatory alerts for Waaree Renewable Technologies Limited

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MSME Payment Delays by Waaree Renewable Technologies Limited

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MSME payment history for Waaree Renewable Technologies Limited

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Subsidiaries & Group Companies of Waaree Renewable Technologies Limited

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Corporate group structure for Waaree Renewable Technologies Limited

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MCA Filings & Documents of Waaree Renewable Technologies Limited

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MCA filings and documents for Waaree Renewable Technologies Limited

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Recent Activity on Waaree Renewable Technologies Limited

Charges
24 Jun 2026
A charge registered on 13 Oct 2020 via Charge ID 100378252 with Others was fully satisfied on 24 Jun 2026.
Charges
24 Jun 2026
A charge registered on 13 Oct 2020 via Charge ID 100378274 with Others was fully satisfied on 24 Jun 2026.
Charges
09 Jun 2026
A charge registered on 19 Dec 2025 via Charge ID 101207828 with Others was fully satisfied on 09 Jun 2026.
Charges
04 Jun 2026
A charge with Others amounted to Rs. 918.75 Cr with Charge ID 101305484 was registered on 04 Jun 2026.
Charges
25 Mar 2026
A charge with Others of Rs. 490.00 Cr registered on 23 Aug 2024 with Charge ID 100974650 was modified on 25 Mar 2026.
Charges
25 Feb 2026
A charge with Others of Rs. 300.00 Cr registered on 03 Jul 2024 with Charge ID 100950504 was modified on 25 Feb 2026.

Recent News on Waaree Renewable Technologies Limited

Frequently Asked Questions about Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited is an active public limited company in the energy and power sector based in Mumbai, Maharashtra, India. It was incorporated on 22 June 1999 (27+ years old) and is registered under CIN L93000MH1999PLC120470. Listed on BSE: 534618. The company has 113 employees.

Waaree Renewable Technologies Limited reported revenue of ₹3,331.42 Cr for FY 2025-26 (up 108.51% YoY) based on consolidated financials.

The current directors of Waaree Renewable Technologies Limited are:

The primary industry of Waaree Renewable Technologies Limited is energy and power. The company specifically operates in bop and btg services. The company is currently active in this sector.

Yes. Waaree Renewable Technologies Limited is listed on BSE with code 534618.

Waaree Renewable Technologies Limited can be reached at the registered office: 504 Western Edge – 1 Off Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066, or through the website waaree.com.

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