Waaree Renewable Technologies Limited - Company Profile

It is a energy and power public limited company based in Mumbai, Maharashtra, India, established in 1999.

1999 Mumbai, Maharashtra, India Active

Last Updated: December 22, 2025

About Waaree Renewable Technologies Limited

Waaree Renewable Technologies Limited, a active public limited company, was established on 22 June 1999 in Mumbai, Maharashtra, India. Engaging in bop & btg services within the electricity, gas, steam and air condition supply sector, it holds CIN: L93000MH1999PLC120470. Registered under ROC Roc Mumbai. it is listed on BSE: 534618. It has an authorized capital of ₹21.31 Cr and a paid-up capital of ₹20.85 Cr.

Formerly known as Sangam Advisors Limited, Sangam Advisors Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹346.92 Cr and a net worth of ₹111.43 Cr. Employing 113 professional, Its leadership includes Sunil Jain (Director), Ambika Sharma (Director), Pujan Pankaj Doshi (Managing Director). Past directors included Ruchi Sethi, Gauri Shankar Bajaj, Sunil Jain. It holds ₹2,305.96 Cr open charges and ₹100.00 Cr settled loans. Its latest AGM occurred on 23 September 2025, with the balance sheet filed on 31 March 2025. It is based at 504, Western Edge-1,Off Western Express Highway Borivali (East), Mumbai, Maharashtra, 400066.

Company Details

CIN/LLPIN
L93000MH1999PLC120470
Registration Number
120470
Incorporation Date
22 June 1999
Authorized Capital
₹21.31 Cr
Paid-Up Capital
₹20.85 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 534618)
Company Status
Active

Key Metrics

Authorised Capital ₹ 21.31 Cr as on 22-12-2025
Paid Up Capital ₹ 20.85 Cr as on 22-12-2025
Company Age 26 Year, 7 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 2,305.96 Cr as on 22-12-2025
Satisfied Charges ₹ 100.00 Cr as on 22-12-2025
Revenue Growth **** 106.60% (FY 2023)
Profit Growth **** 191.18% (FY 2023)
Ebitda **** 474.27% (FY 2023)
Net Worth 113.43% (FY 2023)
Total Assets **** 92.67% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Waaree Renewable Technologies 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 Renewable Technologies Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sunil Jain	Director	27 Sep 2024	Current
Ambika Sharma	Director	20 Jun 2024	Current
Pujan Pankaj Doshi	Managing Director	02 Sep 2016	Current
Hitesh Pranjivan Mehta	Whole-Time Director	15 Jun 2020	Current
Sunil Nandkishor Rathi	Whole-Time Director	28 Mar 2023	Current
Viren Doshi Chimanlal	Whole-Time Director	22 Jul 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	30 Apr 2021	Past
Pramod Abcsdd	Managing Director	02 Sep 2016	Past
Pramod Abcsdd	Additional Director	04 Nov 2024	Past
Pramod Abcsdd	Additional Director	15 Sep 2024	Past
Pramod Abcsdd	Director	17 Mar 2008	Past
Pramod Abcsdd	Whole-Time Director	01 Oct 2018	Past

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Financial Performance of Waaree Renewable Technologies.

Waaree Renewable Technologies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 106.6% increase. The company also saw a substantial improvement in profitability, with a 191.18% increase in profit. The company's net worth Soared by an impressive increase of 113.43%.

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

********

106.60%

*******

Revenue from Operations

*******

122.54%

*******

Total Assets

*******

92.67%

*******

Profit or Loss

*******

191.18%

*******

Net Worth

*******

113.43%

*******

EBITDA

*******

474.27%

*******

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

In 2023, Waaree Renewable Technologies had a promoter holding of 74.51% and a public holding of 25.48%. The company had 4 Subsidiaries. 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

₹23,059,600,000.00

Satisfied Charges

₹1,000,000,000.00

Charges Breakdown by Lending Institutions

Others : 1805.96 Cr
Hdfc Bank Limited : 200.00 Cr
Axis Bank Limited : 150.00 Cr
Yes Bank Limited : 150.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
10 Nov 2025	Axis Bank Limited	₹150.00 Cr	Open
20 May 2025	Others	₹6.50 Cr	Open
19 May 2025	Others	₹5.00 M	Open
19 Dec 2024	Others	₹500.00 Cr	Open
23 Aug 2024	Others	₹360.00 Cr	Open

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How Many Employees Work at Waaree Renewable Technologies?

Waaree Renewable Technologies has a workforce of 113 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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

Gain comprehensive insights into the Deals and Valuation data of Waaree Renewable Technologies, 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 Renewable Technologies's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Waaree Renewable Technologies

Recent Activity within the Organization

Charges

Progress on A charge registered on 08 Oct 2024 via Charge ID 101004755 with Others was fully satisfied on 18 Nov 2025. was documented.
18 Nov 2025
Charges

Progress on A charge with Axis Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101193655 was registered on 10 Nov 2025. was documented.
10 Nov 2025
Charges

Progress on A charge with Others of Rs. 500.00 Cr registered on 19 Dec 2024 with Charge ID 101030331 was modified on 04 Nov 2025. was documented.
04 Nov 2025
Annual General Meeting

Waaree Renewable Technologies Limited last Annual general meeting of members was held on 23 Sep 2025 as per latest MCA records. was recorded as a recent event.
23 Sep 2025
Charges

The activity A charge with Others amounted to Rs. 6.50 Cr with Charge ID 101105693 was registered on 20 May 2025. was completed.
20 May 2025
Charges

The activity A charge with Others amounted to Rs. 0.50 Cr with Charge ID 101105694 was registered on 19 May 2025. was completed.
19 May 2025

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