Indian Renewable Energy Development Agency Limited

Government-owned company promoting and financing renewable energy and energy efficiency projects.

1987 | Central Delhi, Delhi (India) | Active
Last Updated: January 11, 2024

Indian Renewable Energy Development Agency Profile

Key Indicators

  • Authorised Capital ₹ 6,000.00 Cr
  • Paid Up Capital ₹ 2,687.76 Cr
  • Company Age 37 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 36,580.48 Cr
  • Satisfied Charges ₹ 7,478.84 Cr
  • Revenue Growth 12.59%
  • Profit Growth 61.46%
  • Ebitda 25.50%
  • Net Worth 18.79%
  • Total Assets 9.55%

About Indian Renewable Energy Development Agency

Indian Renewable Energy Development Agency Limited (IREDAL) is a leading Public Limited Union Government Company incorporated in India on 11 March 1987 and has a history of 37 years and 11 months. Its registered office is in Central Delhi, Delhi, India.

The Company is engaged in the Finance And Insurance Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 6,000.00 Cr and a paid-up capital of Rs 2,687.76 Cr.

The company currently has active open charges totaling ₹36,580.48 Cr. The company has closed loans amounting to ₹7,478.84 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Indian Renewable Energy Development Agency Limited India are Bijay Mohanty as CFO and Ekta Kathuria as Company Secretary. Pradip Das, Bijay Mohanty, Shabdsharan Brahmbhatt, and Five other members serve as directors at the Company.

Company Details

  • Location

    Central Delhi, Delhi, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    ireda.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65100DL1987GOI027265

  • Company No.

    027265

  • Company Classification

    Public Limited Union Government Company

  • Incorporation Date

    11 Mar 1987

  • Date of AGM

    30 Jun 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Delhi

Industry

Finance and Insurance
Energy and Environment

Who are the key members and board of directors at Indian Renewable Energy Development Agency?

Executive Team (3)

NameDesignationAppointment DateStatus
Pradip Das Country flag representing In Managing Director06-May-2020Current
Bijay Mohanty Country flag representing In CFO16-Oct-2023Current
Ekta Kathuria Company Secretary01-Nov-2022Current

Board Members (7)

NameDesignationAppointment DateStatus
Shabdsharan Brahmbhatt Country flag representing In Director 28-Jan-2022Current
Bijay Mohanty Country flag representing In Whole-Time Director and Cfo 03-Nov-2023Current
Chennakesava Jaganath Country flag representing In Director 31-Mar-2022Current
Padam Lal Country flag representing In Nominee Director 07-Feb-2023Current
Ajay Yadav Country flag representing In Nominee Director 14-Feb-2023Current
Rohini Rawat Country flag representing In Director 09-Mar-2023Current

Financial Performance of Indian Renewable Energy Development Agency.

Indian Renewable Energy Development Agency Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 12.59% increase. The company also saw a substantial improvement in profitability, with a 61.46% increase in profit. The company's net worth Soared by an impressive increase of 18.79%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • 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
12.59%
Revenue from Operations
10.94%
Total Assets
9.55%
Profit or Loss
61.46%
Net Worth
18.79%
EBITDA
25.50%

What is the Ownership and Shareholding Structure of Indian Renewable Energy Development Agency?

In 2021, Indian Renewable Energy Development Agency had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹36,580.48 Cr

Satisfied Charges

₹7,478.84 Cr

Charges Breakdown by Lending Institutions

  • Others : 17142.83 Cr
  • State Bank Of India : 7000.00 Cr
  • Bank Of India : 5600.00 Cr
  • Il & Fs Trust Company Limited : 2000.00 Cr
  • Canara Bank : 1500.00 Cr
  • Others : 3337.65 Cr

Latest Charge Details

DateLenderAmountStatus
29 Aug 2023Canara Bank₹1,500.00 CrOpen
09 Jun 2023The Hongkong And Shanghai Banking Corporation Limited₹400.00 CrOpen
25 Apr 2023Others₹300.00 CrOpen
30 Mar 2023Idbi Bank Limited₹500.00 CrOpen
30 Mar 2023Indian Overseas Bank₹1,000.00 CrOpen

How Many Employees Work at Indian Renewable Energy Development Agency?

Indian Renewable Energy Development Agency has a workforce of 171 employees as of Apr 08, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Indian Renewable Energy Development Agency, 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 Indian Renewable Energy Development Agency's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Indian Renewable Energy Development Agency

Recent activity within the organization

  • Director Appointment

    Bijay Kumar Mohanty was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 03 Nov 2023 & has been associated with this company since 1 year 3 months .

    03 Nov 2023

  • Charges

    A charge registered on 27 Dec 2022 via Charge ID 100659375 with Indian Bank was fully satisfied on 01 Nov 2023.

    01 Nov 2023

  • Charges

    A charge with Canara Bank amounted to Rs. 1,500.00 Cr with Charge ID 100778705 was registered on 29 Aug 2023.

    29 Aug 2023

  • Annual General Meeting

    Indian Renewable Energy Development Agency Limited last Annual general meeting of members was held on 30 Jun 2023 as per latest MCA records.

    30 Jun 2023

  • Charges

    A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 400.00 Cr with Charge ID 100735818 was registered on 09 Jun 2023.

    09 Jun 2023

  • Charges

    A charge with Others amounted to Rs. 300.00 Cr with Charge ID 100712160 was registered on 25 Apr 2023.

    25 Apr 2023

Frequently asked questions

  • Indian Renewable Energy Development Agency Limited was incorporated on 11 Mar 1987.

  • The authorized share capital of Indian Renewable Energy Development Agency Limited is ₹ 6,000.00 Cr and paid-up capital is ₹ 2,687.76 Cr.

  • Currently 10 directors are associated with Indian Renewable Energy Development Agency Limited.

    • Pradip Kumar Das
    • Bijay Kumar Mohanty
    • Shabdsharan Narharibhai Brahmbhatt
    • Chennakesava Murthy Jaganath
    • Padam Lal
    • Ajay Yadav
    • Rohini Rawat
    • Ram Nihal
    • Bijay Kumar Mohanty
    • Ekta Kathuria
  • As per Ministry of Corporate Affairs (Mca), the registered address of Indian Renewable Energy Development Agency Limited is India Habitat Centre1St Floor East Court Core, 4 A Lodhi Road, New Delhi, 110003.

  • The corporate identification number (CIN) of Indian Renewable Energy Development Agency Limited is U65100DL1987GOI027265 and the company number is 027265 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Indian Renewable Energy Development Agency Limited is https://www.ireda.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Indian Renewable Energy Development Agency Limited has risen by 12.59%.

  • As Per 2021 financial reports, 171 employees are currently employed by Indian Renewable Energy Development Agency Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Indian Renewable Energy Development Agency Limited has experienced an upsurge of 18.79%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Indian Renewable Energy Development Agency Limited amount to ₹ 36,580.48 Cr.

  • The most recent Balance Sheet for Indian Renewable Energy Development Agency Limited was filed with the ROC on 31 Mar 2023.

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