Waaree Energies Profile
Key Indicators
- Authorised Capital ₹ 500.00 Cr
- Paid Up Capital ₹ 287.28 Cr
- Company Age 34 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 7,305.65 Cr
- Satisfied Charges ₹ 1,560.40 Cr
- Revenue Growth 64.99%
- Profit Growth 149.54%
- Ebitda 80.64%
- Net Worth 111.18%
- Total Assets 45.56%
About Waaree Energies
Waaree Energies Limited (WEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 December 1990 and has a history of 34 years and two months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Waaree Energies 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 2024. It's a company limited by shares with an authorized capital of Rs 500.00 Cr and a paid-up capital of Rs 287.28 Cr.
The company currently has active open charges totaling ₹7,305.65 Cr. The company has closed loans amounting to ₹1,560.40 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Waaree Energies Limited India are Amit Paithankar as Ceo, Rajesh Gaur as Company Secretary, and Sonal Shrivastava as Cfo. Rajender Malla, Richa Goyal, Jayesh Shah, and Five other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L29248MH1990PLC059463
- Company No.
059463
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Dec 1990
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Mumbai
Industry
What products or services does Waaree Energies Limited offer?
Waaree Energies Limited offers a wide range of products and services, including Batteries & Charge Storage Devices, Lithium Battery, Solar & Renewable Energy Products, Solar Panels, Electric Vehicle Battery, Solar Batteries, Solar Module, Inverters, Power Inverter, Mobile Battery.
Who are the key members and board of directors at Waaree Energies?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Hitesh Doshi  | Managing Director | 16-Feb-2007 | Current |
| Amit Paithankar | CEO | 03-Jan-2025 | Current |
| Rajesh Gaur | Company Secretary | 08-Jun-2023 | Current |
| Sonal Shrivastava | CFO | 28-Sep-2024 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Viren Chimanlal | Whole-Time Director | 26-Nov-2007 | Current |
| Hitesh Mehta | Whole-Time Director | 01-Apr-2011 | Current |
| Jayesh Shah | Director | 26-Mar-2015 | Current |
| Rajender Malla | Director | 16-Jan-2019 | Current |
| Richa Goyal | Director | 30-Aug-2021 | Current |
| Sujit Varma | Director | 25-Feb-2021 | Current |
Financial Performance of Waaree Energies.
Waaree Energies Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 64.99% increase. The company also saw a substantial improvement in profitability, with a 149.54% increase in profit. The company's net worth Soared by an impressive increase of 111.18%.
- Key Matrics
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- Profit and Loss
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What is the Ownership and Shareholding Structure of Waaree Energies?
In 2024, Waaree Energies had a promoter holding of 40.61% and a public holding of 59.39%. The company had 13 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Steamhouse India LimitedRicha Goyal is a mutual person
Srifin Credit Private LimitedRajender Malla is a mutual person
L&T Metro Rail (Hyderabad) LimitedSujit Varma is a mutual person
Kajaria Ceramics LimitedRajender Malla is a mutual person
Tata Capital LimitedSujit Varma is a mutual person
- Tata Capital Housing Finance Limited
Sujit Varma is a mutual person
Charges (Loans)
₹7,305.65 Cr
₹1,560.40 Cr
Charges Breakdown by Lending Institutions
- Sbicap Trustee Company Limited : 2984.00 Cr
- Others : 1980.65 Cr
- State Bank Of India : 1600.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 741.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Apr 2024 | State Bank Of India | ₹1,500.00 Cr | Open |
| 22 Mar 2024 | The Hongkong And Shanghai Banking Corporation Limited | ₹418.13 Cr | Open |
| 31 Jul 2023 | Sbicap Trustee Company Limited | ₹2,484.00 Cr | Open |
| 17 Oct 2022 | Others | ₹1,700.00 Cr | Open |
| 04 Jul 2022 | The Hongkong And Shanghai Banking Corporation Limited | ₹139.13 Cr | Open |
How Many Employees Work at Waaree Energies?
Waaree Energies has a workforce of 1519 employees as of Jan 11, 2025. 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 Waaree Energies, 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 Energies'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.
