Adani Renewable Energy Devco Profile
Key Indicators
- Authorised Capital ₹ 100.00 Cr
- Paid Up Capital ₹ 59.65 Cr
- Company Age 9 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 102.58 Cr
- Revenue Growth 28.63%
- Profit Growth 172.80%
- Ebitda 56.44%
- Net Worth 53.96%
- Total Assets 43.55%
About Adani Renewable Energy Devco
Adani Renewable Energy Devco Private Limited (AREDPL) is a Private Limited Indian Non-Government Company incorporated in India on 11 August 2015 (Nine years and six months 28 days old ). Its registered office is in Delhi, India.
The Corporate was formerly known as Sb Solar Services Private Limited. The Company is engaged in the Business Services Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 100.00 Cr and a paid-up capital of Rs 59.65 Cr.
The company has closed loans amounting to ₹102.58 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Adani Renewable Energy Devco Private Limited India are Kamal Khatri as COMPANY SECRETARY and Rachit Maheshwari as Cfo. Prerak Thekadi, Ashwin Kyada, and Mayank Gala serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140DL2015PTC283928
- Company No.
283928
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
11 Aug 2015
- Date of AGM
22 Jun 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Business Services
Who are the key members and board of directors at Adani Renewable Energy Devco?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Kamal Khatri  | Company Secretary | 03-Jan-2023 | Current |
| Rachit Maheshwari | CFO | 07-Jun-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Prerak Thekadi | Director | 30-Sep-2021 | Current |
| Ashwin Kyada | Director | 21-Oct-2022 | Current |
| Mayank Gala | Director | 31-Jan-2023 | Current |
Financial Performance of Adani Renewable Energy Devco.
Adani Renewable Energy Devco Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 28.63% increase. The company also saw a substantial improvement in profitability, with a 172.8% increase in profit. The company's net worth Soared by an impressive increase of 53.96%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Adani Renewable Energy Devco?
In 2023, Adani Renewable Energy Devco had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Dinkar Technologies LimitedAshwin Kyada is a mutual person
- Adani Solar Energy Ap Six Private Limited
Prerak Thekadi is a mutual person
- Adani Solar Energy Jodhpur Three Limited
Prerak Thekadi is a mutual person
- Adani Solar Energy Jodhpur Four Limited
Prerak Thekadi is a mutual person
- Adani Solar Energy Jodhpur Five Limited
Prerak Thekadi is a mutual person
- Adani Solar Energy Ap Seven Private Limited
Prerak Thekadi is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹102.58 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 99.71 Cr
- Others : 2.56 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 0.31 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Aug 2018 | Yes Bank Limited | ₹4.80 M | Satisfied |
| 08 Aug 2018 | Yes Bank Limited | ₹1.95 Cr | Satisfied |
| 03 Aug 2018 | Yes Bank Limited | ₹1.45 Cr | Satisfied |
| 06 Jun 2018 | Yes Bank Limited | ₹3.39 M | Satisfied |
| 16 Apr 2018 | Yes Bank Limited | ₹75.00 Cr | Satisfied |
How Many Employees Work at Adani Renewable Energy Devco?
Adani Renewable Energy Devco has a workforce of 109 employees as of Apr 07, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Adani Renewable Energy Devco, 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 Adani Renewable Energy Devco'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.
Latest Updates, News, and FAQs on Adani Renewable Energy Devco
Recent activity within the organization
- Annual General Meeting
Adani Renewable Energy Devco Private Limited last Annual general meeting of members was held on 22 Jun 2024 as per latest MCA records.
- Director Appointment
Rachit Maheshwari was appointed as a Cfo was appointed as a Cfo on 07 Jun 2024 & has been associated with this company since 9 months .
- Balance Sheet
Adani Renewable Energy Devco Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
- Director Appointment
Mayank Bharat Gala was appointed as a Director was appointed as a Director on 31 Jan 2023 & has been associated with this company since 2 years 1 month .
- Director Appointment
Kamal Kiritkumar Khatri was appointed as a Company Secretary was appointed as a Company Secretary on 03 Jan 2023 & has been associated with this company since 2 years 2 months .
- Director Appointment
Ashwin Laljibhai Kyada was appointed as a Director was appointed as a Director on 21 Oct 2022 & has been associated with this company since 2 years 4 months .
Recent News, Updates & Announcement
- Adani Group Denies Bribery Allegations, JP Morgan Report Supports Transparency in India's Renewable Energy Sector.
Adani Group denies bribery allegations from US DoJ, says report is false. JP Morgan report also states that bribery is unlikely due to transparency in renewable energy sector in India. Adani Green Energy Ltd aware of investigation but has no relationship with third party involved. JP Morgan believes there will be no financial impact even if investigation leads to prosecution. Transparency in India's renewable energy tenders makes corruption and bribery highly unlikely. Disclaimer: This post is from an agency feed and has not been reviewed by an editor..
- 'False': Adani Group denies getting any notice from US court on bribery allegations.
Several of Adani Group’s dollar bonds fell the most in more than a year on Monday, and most of the group’s shares declined..
- Adani to invest 70 pc of total investments in green energy: Sources.
New Delhi, March 18: The Adani Group is expected to invest more than 70 per cent of its total investments towards green energy, including renewable power, green hydrogen, and green evacuation transmission line, sources said..
Frequently asked questions
What is the Incorporation or founding date of Adani Renewable Energy Devco Private Limited?
Adani Renewable Energy Devco Private Limited was incorporated on 11 Aug 2015.
What is authorized share capital and paid-up capital of Adani Renewable Energy Devco Private Limited?
The authorized share capital of Adani Renewable Energy Devco Private Limited is ₹ 100.00 Cr and paid-up capital is ₹ 59.65 Cr.
Who are the current board members & directors of Adani Renewable Energy Devco Private Limited?
Currently 5 directors are associated with Adani Renewable Energy Devco Private Limited.
- Prerak Kanaiyalal Thekadi
- Ashwin Laljibhai Kyada
- Mayank Bharat Gala
- Kamal Kiritkumar Khatri
- Rachit Maheshwari
What is the registered address of Adani Renewable Energy Devco Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Adani Renewable Energy Devco Private Limited is C-105 Anand Niketan India, New Delhi, 110021.
What is the corporate identification number (CIN) and company number of Adani Renewable Energy Devco Private Limited?
The corporate identification number (CIN) of Adani Renewable Energy Devco Private Limited is U74140DL2015PTC283928 and the company number is 283928 as per Ministry of Corporate Affairs (MCA).
What is the official website of Adani Renewable Energy Devco Private Limited?
The Official website of Adani Renewable Energy Devco Private Limited is https://www.adani.com
What has been the recent revenue trend for Adani Renewable Energy Devco Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Adani Renewable Energy Devco Private Limited has risen by 28.63%.
How many employees does Adani Renewable Energy Devco Private Limited currently have?
As Per 2023 financial reports, 109 employees are currently employed by Adani Renewable Energy Devco Private Limited.
What change has been observed in the net worth of Adani Renewable Energy Devco Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Adani Renewable Energy Devco Private Limited has experienced an upsurge of 53.96%.
When was the last Balance Sheet of Adani Renewable Energy Devco Private Limited filed with the ROC?
The most recent Balance Sheet for Adani Renewable Energy Devco Private Limited was filed with the ROC on 31 Mar 2024.
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