Renewable Energy Systems Profile
Key Indicators
- Authorised Capital ₹ 25.00 Cr
- Paid Up Capital ₹ 6.14 Cr
- Company Age 40 Year, 19 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 33.72 Cr
- Satisfied Charges ₹ 120.22 Cr
- Revenue Growth 32.10%
- Profit Growth 5681.91%
- Ebitda -173.79%
- Net Worth 69.93%
- Total Assets -19.18%
About Renewable Energy Systems
Renewable Energy Systems Limited (RESL) is a leading Public Limited Indian Non-Government Company incorporated in India on 08 March 1985 and has a history of 40 years. Its registered office is in Hyderabad, Telangana, India.
The Corporate was formerly known as Renewable Energy Systems Private Limited. The Company is engaged in the Energy And Power 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 25.00 Cr and a paid-up capital of Rs 6.14 Cr.
The company currently has active open charges totaling ₹33.72 Cr. The company has closed loans amounting to ₹120.22 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Renewable Energy Systems Limited India is Narasinga Gurubhagavatula as COMPANY SECRETARY. Narasinga Gurubhagavatula, Devarakonda Kumar, and Bhushana Mukkamala serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40106TG1985PLC005358
- Company No.
005358
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
08 Mar 1985
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Energy and Power
What products or services does Renewable Energy Systems Limited offer?
Renewable Energy Systems Limited offers a wide range of products and services, including Solar Panels, Solar Module, Solar & Renewable Energy Products, Solar Lamps, Metal Strip, Nickel Strips.
Who are the key members and board of directors at Renewable Energy Systems?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Narasinga Gurubhagavatula  | Company Secretary | 31-Mar-2001 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Narasinga Gurubhagavatula | Director and Company Secretary | 31-Mar-2001 | Current |
| Devarakonda Kumar | Additional Director | 22-Dec-2023 | Current |
| Bhushana Mukkamala | Director | 28-Apr-2023 | Current |
Financial Performance of Renewable Energy Systems.
Renewable Energy Systems Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 32.1% increase. The company also saw a substantial improvement in profitability, with a 5681.91% increase in profit. The company's net worth Soared by an impressive increase of 69.93%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Renewable Energy Systems?
In 2022, Renewable Energy Systems had a promoter holding of 83.75% and a public holding of 16.25%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Terra Scientific Private LimitedNarasinga Gurubhagavatula is a mutual person
Charges (Loans)
Open Charges
₹33.72 Cr
Satisfied Charges
₹120.22 Cr
Charges Breakdown by Lending Institutions
- Indusind Bank Ltd : 15.15 Cr
- Rani Leasings And Finance Ltd : 8.34 Cr
- State Bank Of India : 4.81 Cr
- State Bnak Of India : 4.27 Cr
- Indian Renewable Energy Development Agency Ltd : 0.60 Cr
- Others : 0.55 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jan 1997 | Indusind Bank Ltd | ₹15.15 Cr | Open |
| 23 Aug 1995 | Indian Renewable Energy Development Agency Ltd | ₹6.00 M | Open |
| 23 Aug 1995 | Rani Leasings And Finance Ltd | ₹8.34 Cr | Open |
| 06 Jan 1994 | Can Bank Financial Serveces Ltd | ₹2.52 M | Open |
| 25 Oct 1993 | State Bank Of India | ₹2.15 Cr | Open |
How Many Employees Work at Renewable Energy Systems?
Renewable Energy Systems has a workforce of 68 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Renewable Energy Systems, 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 Renewable Energy Systems'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 Renewable Energy Systems
Recent activity within the organization
- Director Appointment
Devarakonda Suresh Kumar was appointed as a Additional Director was appointed as a Additional Director on 22 Dec 2023 & has been associated with this company since 1 year 3 months .
- Annual General Meeting
Renewable Energy Systems Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Director Appointment
Bhushana Prasad Mukkamala was appointed as a Director was appointed as a Director on 28 Apr 2023 & has been associated with this company since 1 year 11 months .
- Balance Sheet
Renewable Energy Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Hyderabad.
- Charges
A charge registered on 31 Mar 1998 via Charge ID 90122674 with Precision Clean-Tech Private Limited was fully satisfied on 06 Oct 2022.
- Charges
A charge registered on 04 Mar 1998 via Charge ID 90123974 with Precision Clean-Tech Private Limited was fully satisfied on 06 Oct 2022.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Renewable Energy Systems Limited?
Renewable Energy Systems Limited was incorporated on 08 Mar 1985.
What is authorized share capital and paid-up capital of Renewable Energy Systems Limited?
The authorized share capital of Renewable Energy Systems Limited is ₹ 25.00 Cr and paid-up capital is ₹ 6.14 Cr.
Who are the current board members & directors of Renewable Energy Systems Limited?
Currently 4 directors are associated with Renewable Energy Systems Limited.
- Narasinga Rao Gurubhagavatula
- Devarakonda Suresh Kumar
- Bhushana Prasad Mukkamala
- Narasinga Rao Gurubhagavatula
What is the registered address of Renewable Energy Systems Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Renewable Energy Systems Limited is D-13, Phase-V I D A Jeedimetla India, Hyderabad, Telangana, 500055.
What is the corporate identification number (CIN) and company number of Renewable Energy Systems Limited?
The corporate identification number (CIN) of Renewable Energy Systems Limited is U40106TG1985PLC005358 and the company number is 005358 as per Ministry of Corporate Affairs (MCA).
What is the official website of Renewable Energy Systems Limited?
The Official website of Renewable Energy Systems Limited is https://www.res-group.com
What has been the recent revenue trend for Renewable Energy Systems Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Renewable Energy Systems Limited has risen by 32.10%.
How many employees does Renewable Energy Systems Limited currently have?
As Per 2022 financial reports, 68 employees are currently employed by Renewable Energy Systems Limited.
What change has been observed in the net worth of Renewable Energy Systems Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Renewable Energy Systems Limited has experienced an upsurge of 69.93%.
What are the total open charges for Renewable Energy Systems Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Renewable Energy Systems Limited amount to ₹ 33.72 Cr.
When was the last Balance Sheet of Renewable Energy Systems Limited filed with the ROC?
The most recent Balance Sheet for Renewable Energy Systems Limited was filed with the ROC on 31 Mar 2023.
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