About Walwhan Renewable Energy Limited
Data last updated:
Walwhan Renewable Energy Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Power Renewable Energy Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the wind energy solutions segment of the environmental services sector. It was incorporated on 11 November 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40103MH2009PLC197021. Its GSTIN is 27AAACW9092M2ZK (Maharashtra). The company held 10 GST registrations, of which 7 are active.
The company had an authorised share capital of ₹1,700 Cr and a paid-up capital of ₹611.36 Cr. It was formerly known as Walwhan Renewable Energy Private Limited and Welspun Renewables Energy Limited. It was led by directors including Kasturi Soundararajan and Anjali Jayant Kulkarni.
Its last annual general meeting (AGM) was held on 11 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,356.8 Cr. For the same year it recorded a net profit of ₹498.32 Cr (net margin 36.7%) and EBITDA of ₹1,182.55 Cr (EBITDA margin 87.2%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company had about 73 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 19 subsidiaries.
The company was associated with 3 brands: Welspun Renewables, Tata Power Renewable Energy and Tata Power. As per MCA filings, the company had open charges of ₹3,569 Cr and satisfied charges of ₹4,684.92 Cr on record. Court records list 95 cases involving the company, including 27 filed by the company and 68 filed against it; 10 cases are pending. The company has 10 deals on record (6 funding rounds, 3 acquisitions, 1 convertible or debt financing), with disclosed funding of ₹1,529.9 Cr; the latest was in September 2016. The company has 21 MSME Form 1 returns on record between 2018 and 2023, listing 115 overdue payments to 30 micro and small suppliers.
The last known website on record is tatapower.com.
Company details
Name history
Walwhan Renewable Energy has undergone 3 name changes throughout its history. The company was previously known as Walwhan Renewable Energy Private Limited, Welspun Renewables Energy Limited, and Welspun Renewables Energy Private Limited. The current legal name is Walwhan Renewable Energy Limited.
| Company Name | Status |
|---|---|
| Walwhan Renewable Energy Limited | Current |
| Walwhan Renewable Energy Private Limited | Previous |
| Welspun Renewables Energy Limited | Previous |
| Welspun Renewables Energy Private Limited | Previous |
CIN history
Walwhan Renewable Energy has one previous CIN (Corporate Identification Number): U40103MH2009PTC197021. The current CIN is U40103MH2009PLC197021, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40103MH2009PLC197021 | Current |
| U40103MH2009PTC197021 | Previous |
Contact details
Walwhan Renewable Energy Limited's registered office is in Mumbai, Maharashtra. Its website is tatapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC/O The Tata Power Company Limited Cor Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009
- IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
To see the full contact details of Walwhan Renewable Energy Limited, buy the company report.
- 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
Brands
Walwhan Renewable Energy operates multiple associated brands including Welspun Renewables, Tata Power Renewable Energy, and Tata Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar and wind power generation company | welspunrenewables.com | |
| Power producer and plant developer in the solar and wind energy sector | tatapowerrenewables.com | |
| Electricity generation, transmission, and distribution services are provided. | tatapower.com |
Business activity
The main business activity of Walwhan Renewable Energy 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 |
To see the full business activity and turnover split of Walwhan Renewable Energy Limited, buy the company report.
Financials of Walwhan Renewable Energy Limited
FY 2024 filings availableWalwhan Renewable Energy Limited reported revenue of ₹1,356.8 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years. EBITDA fell 2% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹1,182.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹498.32 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.2% | ||||
| Net Profit Margin | 36.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Walwhan Renewable Energy Limited, buy the company report.
Board of directors and KMP of Walwhan Renewable Energy Limited
Walwhan Renewable Energy Limited currently reports 6 directors and 2 key managerial personnel. 26 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwinikumar Ganpatrao Patil | Ceo | 06 Jul 2023 | 3 Years 4 Months | As last reported |
| Kasturi Soundararajan Also directs: TP Varun Limited | Director | 15 Jun 2022 | 4 Years 4 Months | As last reported |
| Anjali Jayant Kulkarni | Director | 14 Sep 2016 | 10 Years 1 Months | As last reported |
| Sanjay Bhandarkar Also directs: Tata Consultancy Services Limited, Chemplast Sanmar Limited, The Tata Power Company Limited and 4 more | Director | 03 Feb 2017 | 9 Years 9 Months | As last reported |
| Seethapathy Chander | Additional Director | 12 Jul 2021 | 5 Years 4 Months | As last reported |
| Behram Phiroze Mehta | Cfo | 01 Feb 2019 | 7 Years 9 Months | As last reported |
Auditor
Walwhan Renewable Energy Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Walwhan Renewable Energy Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Walwhan Renewable Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 2017 | 100127433 | Hdfc Bank Limited | ₹76 Cr | Satisfied | |
| 21 Jul 2016 | 100043637 | Idbi Trusteeship Services Limited | ₹7.4 Cr | Satisfied | |
| 24 May 2016 | 100029679 | Others | ₹10 Cr | Satisfied | |
| 06 May 2016 | 100029686 | Idbi Trusteeship Services Limited | ₹1,000 Cr | Satisfied | |
| 29 Apr 2016 | 100030543 | Others | ₹50 Cr | Satisfied |
To see the full charge records of Walwhan Renewable Energy Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Walwhan Renewable Energy Limited has 10 deals on record (6 funding rounds, 3 acquisitions, 1 convertible or debt financing), with disclosed funding of ₹1,529.9 Cr; the latest was in September 2016.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Acquisition | ₹2,781.67 Cr | Buyer: Tata Power Renewable Energy Limited Seller: Welspun Energy Private Limited , Asian Development Bank, an individual |
| Feb 2016 | Funding round | ₹250 Cr | Investors: Welspun Energy Private Limited |
| Mar 2015 | Funding round | ₹250 Cr | Investors: Welspun Energy Private Limited |
| Aug 2013 | Funding round | ₹394 Cr | Investors: Welspun Energy Private Limited |
| Jan 2013 | Funding round | ₹110 Cr | Investors: Welspun Energy Private Limited |
To see the full deal history of Walwhan Renewable Energy Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Walwhan Renewable Energy Limited has 95 court cases on record: 27 filed by Walwhan Renewable Energy, 68 filed against it. 10 cases are pending and 85 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 58 | 54 | 2 |
| High courts | 18 | 6 | 4 |
| Supreme Court | 11 | 8 | 4 |
| NCLT | 8 | 0 | 0 |
Cases on record (5 of 95)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Southern Power Distribution Company of Andhra Pradesh Ltd. and 1 other | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Bangalore Electricity Supply Company Limited Through Its Managing Director K.R. Circle ,Bangalore , Karnataka | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Walwhan Solar TN Limited M/S.S.Parthasarathy, Abhinav Parthasarathy,Suhael Buttan,D.G Hariprasath | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Walwhan Solar TN Limited and 4 others | Disposed |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Southern Power Distribution Company of Andhra Pradesh Ltd. Rep. by Its Chairman and Managing Director and Chief General Manager Office at 19-13-65/A, Srinivasapuram, Tiruchanoor Road, Tirupati , , Andhra Pradesh | Disposed |
To see the full case history of Walwhan Renewable Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Walwhan Renewable Energy Limited has 21 MSME Form 1 returns on record between 2018 and 2023, listing 115 overdue payments to 30 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 30)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iplon India Private Limited | |||
| Legasis Private Limited | |||
| Mass-Tech Controls Private Limited | |||
| E-Square Alliance Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Walwhan Renewable Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Walwhan Renewable Energy has 19 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Dreisatz Mysolar24 Private Limited | U40102MH2009PTC326890 | |
| Walwhan Solar Energy GJ Limited | U40104MH2008PLC184134 | |
| Walwhan Solar Raj Limited | U40105MH2010PLC202097 | |
| Walwhan Energy RJ Limited | U40105MH2010PLC206475 | |
| Mi Mysolar24 Private Limited | U40106MH2009PTC326791 | |
| Walwhan Solar MP Limited | U40106MH2010PLC206275 |
To see the full group structure of Walwhan Renewable Energy Limited, buy the company report.
GST
Walwhan Renewable Energy has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW9092M2ZK | Maharashtra | Active | 06 Mar 2019 |
| 27AAACW9092M3ZJ | Maharashtra | Active | 01 Mar 2020 |
| 08AAACW9092M1ZL | Rajasthan | Active | 01 Jul 2017 |
| 09AAACW9092M1ZJ | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Renewable Energy Limited, buy the company report.
Recent activity
Walwhan Renewable Energy Limited has 54 board changes on record since 2009: 31 appointments and 23 cessations. The latest: Deepesh Kiran Nanda was appointed as Director on 22 Nov 2023.
84 earlier events are in the company report.
News
Frequently asked questions
Walwhan Renewable Energy has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Walwhan Renewable Energy was a public limited company based in Mumbai, Maharashtra, India. The company worked in wind energy solutions, within the environment industry. It was incorporated on 11 November 2009 and is registered under CIN U40103MH2009PLC197021. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Renewable Energy was incorporated on 11 November 2009. It is registered with the Registrar of Companies, Mumbai.
Walwhan Renewable Energy had 8 directors and KMP:
- Kasturi Soundararajan - Director
- Anjali Jayant Kulkarni - Director
- Sanjay Bhandarkar - Director
- Seethapathy Chander - Additional Director
- Deepesh Kiran Nanda - Director
- Edward Winter - Director
- Ashwinikumar Ganpatrao Patil - Ceo
- Behram Phiroze Mehta - Cfo
The CIN (Corporate Identification Number) of Walwhan Renewable Energy is U40103MH2009PLC197021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Walwhan Renewable Energy is at CO The Tata Power Company Limited Cor Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Renewable Energy can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Renewable Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 11 July 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Walwhan Renewable Energy is 27AAACW9092M2ZK, registered in Maharashtra. The company has 10 GST registrations in all, of which 7 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAACW9092M3ZJ (Maharashtra), 08AAACW9092M1ZL (Rajasthan), 09AAACW9092M1ZJ (Uttar Pradesh).
Walwhan Renewable Energy operated in the environment industry, in the wind energy solutions segment.
Walwhan Renewable Energy has 10 deals on record (6 funding rounds, 3 acquisitions, 1 convertible or debt financing), with disclosed funding of ₹1,529.9 Cr; the latest was in September 2016.
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