Waaree Sustainable Finance Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 1994.

1994 Mumbai, Maharashtra, India Active

Last Updated: December 30, 2025

About Waaree Sustainable Finance Private Limited

Waaree Sustainable Finance Private Limited, a active private limited company, was established on 09 February 1994 in Mumbai, Maharashtra, India. Engaging in diversified financial services within the financial and insurance service sector, it holds CIN: U65100MH1994PTC076496. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹2.00 M.

Formerly known as Mahavir Thermoequip P Ltd. It upholds a compliant status. Its leadership includes Ankit Hitesh Doshi (Director), Pankaj Chimanlal Doshi (Director), Rushabh Pankaj Doshi (Director). Past directors included Saurabh Satish Jhaveri, Nipa Viren Doshi, Ankit Hitesh Doshi. It holds ₹606.00 Cr open charges and ₹567.50 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 602, Western Edge I Off. Western Express Highway, Borivali (, E),, Mumbai, Maharashtra, 400066.

Company Details

CIN/LLPIN
U65100MH1994PTC076496
Registration Number
076496
Incorporation Date
09 February 1994
Authorized Capital
₹2.00 Cr
Paid-Up Capital
₹2.00 M
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 2.00 Cr as on 30-12-2025
Paid Up Capital ₹ 2.00 M as on 30-12-2025
Company Age 32 Year, 1 Month
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 606.00 Cr as on 30-12-2025
Satisfied Charges ₹ 567.50 Cr as on 30-12-2025
Revenue Growth **** -70.66% (FY 2022)
Profit Growth **** -70.22% (FY 2022)
Ebitda **** 57.25% (FY 2022)
Net Worth 0.17% (FY 2022)
Total Assets **** 0.17% (FY 2022)

Comprehensive Company Insights

Explore comprehensive insights into Waaree Sustainable Finance 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 Sustainable Finance Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Ankit Hitesh Doshi	Director	26 Apr 2022	Current
Pankaj Chimanlal Doshi	Director	09 Feb 1994	Current
Rushabh Pankaj Doshi	Director	26 Apr 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	28 Feb 2010	Past
Pramod Abcsdd	Director	18 Jun 2022	Past
Pramod Abcsdd	Additional Director	17 May 2022	Past
Pramod Abcsdd	Additional Director	17 May 2022	Past

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Financial Performance of Waaree Sustainable Finance.

Waaree Sustainable Finance Private Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 70.66% decrease. The company also saw a substantial fall in profitability, with a 70.22% decrease in profit. The company's net worth moved up by a moderate rise of 0.17%.

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

********

-70.66%

*******

Revenue from Operations

*******

Total Assets

*******

0.17%

*******

Profit or Loss

*******

-70.22%

*******

Net Worth

*******

0.17%

*******

EBITDA

*******

57.25%

*******

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What is the Ownership and Shareholding Structure of Waaree Sustainable Finance?

In 2023, Waaree Sustainable Finance had a public holding of 60.09%. The company had 1 Associate company. 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

₹6,060,000,000.00

Satisfied Charges

₹5,675,000,000.00

Charges Breakdown by Lending Institutions

Sbicap Trustee Company Limited : 500.00 Cr
Others : 106.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
26 May 2020	Others	₹1.00 Cr	Open
17 Feb 2020	Sbicap Trustee Company Limited	₹500.00 Cr	Open
01 Dec 2017	Others	₹105.00 Cr	Open
11 Dec 2015	Centbank Financial Services Limited	₹247.50 Cr	Satisfied
12 Aug 2015	Pinky Ventures Private Limited	₹20.00 Cr	Satisfied

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How Many Employees Work at Waaree Sustainable Finance?

Unlock and access historical data on people associated with Waaree Sustainable Finance, 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

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

Rating

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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 Sustainable Finance

Recent Activity within the Organization

Annual General Meeting

Waaree Sustainable Finance Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.
30 Sep 2024
Balance Sheet

The activity Waaree Sustainable Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.
31 Mar 2024
Charges

The activity A charge with Sbicap Trustee Company Limited of Rs. 500.00 Cr registered on 17 Feb 2020 with Charge ID 100326000 was modified on 22 May 2023. was completed.
22 May 2023
Director Appointment

Progress on Ankit Hitesh Doshi was appointed as a Director was appointed as a Director on 26 Apr 2022 & has been associated with this company since 3 years 11 months . was documented.
26 Apr 2022
Director Appointment

Rushabh Pankaj Doshi was appointed as a Director was appointed as a Director on 26 Apr 2022 & has been associated with this company since 3 years 11 months . was recorded as a recent event.
26 Apr 2022
Charges

The activity A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100342141 was registered on 26 May 2020. was completed.
26 May 2020

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