Waaree Energies Limited

Manufacturer and supplier of solar PV modules, EPC services, and other solar products.

1990 | Mumbai, Maharashtra (India) | Active
Last Updated:

Waaree Energies Profile

Key Indicators

  • Authorised Capital ₹ 500.00 Cr
  • Paid Up Capital ₹ 287.28 Cr
  • Company Age 34 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 7,305.65 Cr
  • Satisfied Charges ₹ 1,560.40 Cr
  • Revenue Growth 132.41%
  • Profit Growth 549.44%
  • Ebitda 816.46%
  • Net Worth 360.32%
  • Total Assets 258.68%

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 three 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

Energy and Power

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.

Company report

Waaree Energies Limited

Explore comprehensive data for Waaree Energies Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Waaree Energies?

Executive Team (4)

NameDesignationAppointment DateStatus
Hitesh Doshi Country flag representing In Managing Director16-Feb-2007Current
Amit Paithankar CEO03-Jan-2025Current
Rajesh Gaur Company Secretary08-Jun-2023Current
Sonal Shrivastava CFO28-Sep-2024Current

Board Members (6)

NameDesignationAppointment DateStatus
Viren Chimanlal Country flag representing In Whole-Time Director 26-Nov-2007Current
Hitesh Mehta Country flag representing In Whole-Time Director 01-Apr-2011Current
Jayesh Shah Country flag representing In Director 26-Mar-2015Current
Rajender Malla Country flag representing In Director 16-Jan-2019Current
Richa Goyal Country flag representing In Director 30-Aug-2021Current
Sujit Varma Country flag representing In Director 25-Feb-2021Current

Financial Performance of Waaree Energies.

Waaree Energies Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 132.41% increase. The company also saw a substantial improvement in profitability, with a 549.44% increase in profit. The company's net worth Soared by an impressive increase of 360.32%.

Waaree Energies revenue growth over time
Waaree Energies 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
132.41%
Revenue from Operations
135.73%
Total Assets
258.68%
Profit or Loss
549.44%
Net Worth
360.32%
EBITDA
816.46%

What is the Ownership and Shareholding Structure of Waaree Energies?

In 2023, Waaree Energies had a promoter holding of 33.98% and a public holding of 66.02%. The company had 13 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹7,305.65 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
08 Apr 2024State Bank Of India₹1,500.00 CrOpen
22 Mar 2024The Hongkong And Shanghai Banking Corporation Limited₹418.13 CrOpen
31 Jul 2023Sbicap Trustee Company Limited₹2,484.00 CrOpen
17 Oct 2022Others₹1,700.00 CrOpen
04 Jul 2022The Hongkong And Shanghai Banking Corporation Limited₹139.13 CrOpen

How Many Employees Work at Waaree Energies?

Waaree Energies has a workforce of 1125 employees as of Sep 17, 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.

Employee growth trends for Waaree Energies Limited

Deals i

Graph showing company valuation over time

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

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 Waaree Energies

Recent activity within the organization

  • Director Appointment

    Amit Ashok Paithankar was appointed as a Ceo was appointed as a Ceo on 03 Jan 2025 & has been associated with this company since 3 months 10 days .

  • Director Appointment

    Amit Ashok Paithankar was appointed as a Additional Director was appointed as a Additional Director on 23 Dec 2024 & has been associated with this company since 3 months 21 days .

  • Director Appointment

    Sonal Shrivastava was appointed as a Cfo was appointed as a Cfo on 28 Sep 2024 & has been associated with this company since 6 months 16 days .

  • Annual General Meeting

    Waaree Energies Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 26 Feb 2021 via Charge ID 100452913 with Others was fully satisfied on 26 Jul 2024.

  • Charges

    A charge registered on 10 Jan 2018 via Charge ID 100150677 with Others was fully satisfied on 19 Jun 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Waaree Energies Limited?

    Waaree Energies Limited was incorporated on 18 Dec 1990.

  • What is authorized share capital and paid-up capital of Waaree Energies Limited?

    The authorized share capital of Waaree Energies Limited is ₹ 500.00 Cr and paid-up capital is ₹ 287.28 Cr.

  • Who are the current board members & directors of Waaree Energies Limited?

    Currently 11 directors are associated with Waaree Energies Limited.

    • Amit Ashok Paithankar
    • Rajender Mohan Malla
    • Richa Manoj Goyal
    • Jayesh Dhirajlal Shah
    • Viren Doshi Chimanlal
    • Hitesh Pranjivan Mehta
    • Hitesh Chimanlal Doshi
    • Amit Ashok Paithankar
    • Sujit Kumar Varma
    • Rajesh Ghanshyam Gaur
    • Sonal Shrivastava

  • What is the registered address of Waaree Energies Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Waaree Energies Limited is 602 6Th Floor Western Edge - I Express Highway Borivali (East), India, Mumbai, Maharashtra, 400066.

  • What is the corporate identification number (CIN) and company number of Waaree Energies Limited?

    The corporate identification number (CIN) of Waaree Energies Limited is L29248MH1990PLC059463 and the company number is 059463 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Waaree Energies Limited?

    The Official website of Waaree Energies Limited is https://www.waaree.com

  • What has been the recent revenue trend for Waaree Energies Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Waaree Energies Limited has risen by 132.41%.

  • How many employees does Waaree Energies Limited currently have?

    As Per 2023 financial reports, 1125 employees are currently employed by Waaree Energies Limited.

  • What change has been observed in the net worth of Waaree Energies Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Waaree Energies Limited has experienced an upsurge of 360.32%.

  • What are the total open charges for Waaree Energies Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Waaree Energies Limited amount to ₹ 7,305.65 Cr.

  • When was the last Balance Sheet of Waaree Energies Limited filed with the ROC?

    The most recent Balance Sheet for Waaree Energies Limited was filed with the ROC on 31 Mar 2024.

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