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Renewsys India
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RENEWSYS INDIA PRIVATE LIMITED

All Companies ›

Maharashtra ›

General Manufacturing ›

Active

Updated: 20 Nov 2025

RenewSys India Private Limited is a manufacturer in the solar energy industry that specializes in providing solar photovoltaic (PV) modules and components. The company offers a wide range of products, including solar panels, encapsulants, back sheets, and junction boxes, addressing the growing demand for renewable energy solutions in residential, commercial, and industrial sectors.

Renewsys India Private Limited, is an unlisted private company incorporated on 09 August, 2011. It is classified as a private limited company and is located in , Maharashtra. It's authorized share capital is INR 200.00 cr and the total paid-up capital is INR 176.48 cr.

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Industry and products

Manufacturing (Others)

PV Solar Cells, EVA Encapsulant and Backsheet etc, PV Solar Panels, Solar photovoltaic modules

Company size

Auth Capital

₹ 200.0 Cr

Paidup Capital

₹ 176.5 Cr

Revenue

₹ 2250-2500 cr

Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue

15.06%

₹ 2,416.9

EBITDA

113.58%

₹ 407.6

Net Profit

186.49%

₹ 243.6

Networth

24.5%

₹ 969.7

Borrowings

28.13%

₹ 326.3

Assets

37.83%

₹ 1,945.2

Gross Margin

11.74

32.7 %

Operating Margin

7.78

16.9 %

Net Profit Margin

6.03

10.1 %

Return on Equity

14.21

25.1 %

ROCE

14.16

28.3 %

Debt to Equity

0.01

0.3

Sales

Mar 2025

Net worth

Mar 2025

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Locations

India (15)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Avinash Gope Hiranandani	07118075	11 years
Director	Sanjay Naraindas Kirpalani	00088075	11 years
Director	Anagha Srinivas Rao Anasingaraju	02513563	3 years
Director	Rekha Bagry	08620347	4 years
Director	Chandrakant Arun Modak	10345014	2 years
Director	Nandkumar Ramakrishna Pai	06991861	2 years

Financial Highlights

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	790.2	1,191.9	1,791.4	2,093.2	2,411.6
Operating profit	107.4	97.8	121.8	190.9	407.6
Net profit	50.3	48.0	46.1	85.0	243.6
Gross margin	28.4	19.5	16.4	20.9	32.7
Operating margin	13.6	8.2	6.8	9.1	16.9
Net margin	6.3	4.0	2.6	4.0	10.1
Networth	604.1	652.6	697.0	778.8	969.7
Borrowings	30.0	178.4	318.0	254.7	326.3
Assets	743.8	1,039.9	1,367.3	1,411.3	1,945.2
Debt to equity	0.1	0.3	0.5	0.3	0.3
Current ratio	2.8	1.9	1.5	1.8	1.6
ROE	8.3	7.3	6.6	10.9	25.1
Days payable	49.0	47.0	55.0	51.0	72.0
WC days	101.0	82.0	51.0	58.0	54.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	176.5	176.5	176.5	176.5	176.5
Reserves	427.6	476.1	520.5	602.3	793.2
Borrowings +	30.0	178.4	318.0	254.7	326.3
Long term borrowings	7.4	77.4	141.9	165.5	191.6
Short term borrowings	22.6	101.0	176.2	89.2	134.7
Trade payables +	75.6	123.2	226.4	230.4	321.3
Days payable	49.0	47.0	55.0	51.0	72.0
Other liabilities +	109.7	208.9	352.2	377.8	649.2
Other non-current liabilities	9.6	30.2	50.3	69.8	186.9
Other current liabilities	24.5	55.5	75.5	77.6	141.0
Total liabilities	743.8	1,039.9	1,367.3	1,411.3	1,945.2
Fixed Assets +	362.9	474.3	589.7	654.9	905.2
Tangible assets	339.7	436.5	460.4	609.8	655.5
CWIP	21.4	36.9	128.9	44.6	248.8
Intangible assets	1.7	0.9	0.4	0.4	0.9
LT loans and advances	2.5	-	-	-	-
Other non-current assets	37.3	19.6	48.3	27.9	87.0
Current assets +	341.0	546.0	729.2	728.6	952.9
Inventories	138.4	156.5	239.8	305.8	389.0
Trade receivables	105.3	178.8	330.9	349.2	450.6
Cash and cash equivalents	60.9	71.7	42.0	26.2	12.0
ST loans and advances	0.3	-	-	-	-
Other current assets	36.1	139.0	116.5	47.3	101.2
Total assets	743.8	1,039.9	1,367.3	1,411.3	1,945.2

Percentage of assets	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	23.73	16.97	12.91	12.5	9.07
Reserves	57.49	45.78	38.07	42.68	40.78
Borrowings +	4.03	17.16	23.26	18.05	16.78
Long term borrowings	0.99	7.45	10.38	11.73	9.85
Short term borrowings	3.04	9.71	12.88	6.32	6.92
Trade payables	10.17	11.85	16.56	16.33	16.52
Other liabilities +	14.75	20.09	25.76	26.77	33.37
Other non-current liabilities	1.29	2.9	3.68	4.94	9.61
Other current liabilities	3.3	5.34	5.52	5.5	7.25
Total liabilities
Fixed Assets +	48.8	45.61	43.13	46.4	46.54
Tangible assets	45.68	41.98	33.67	43.21	33.7
CWIP	2.88	3.54	9.42	3.16	12.79
Intangible assets	0.24	0.09	0.03	0.03	0.04
LT loans and advances	0.34	0.0	0.0	0.0	0.0
Other non-current assets	5.01	1.89	3.53	1.98	4.48
Current assets +	45.85	52.51	53.34	51.62	48.99
Inventories	18.61	15.05	17.54	21.67	20.0
Trade receivables	14.16	17.19	24.2	24.74	23.17
Cash and cash equivalents	8.19	6.89	3.07	1.86	0.62
ST loans and advances	0.05	0.0	0.0	0.0	0.0
Other current assets	4.86	13.37	8.52	3.35	5.2
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales +	790.2	1,191.9	1,791.4	2,093.2	2,411.6
Sales growth %	-2.22	50.84	50.29	16.84	15.21
Expenses +	713.5	1,130.6	1,729.0	1,985.5	2,091.3
Cost of goods	565.8	959.1	1,496.8	1,655.1	1,623.8
Employee cost	40.4	41.6	53.6	79.3	87.2
Other costs	76.5	93.4	119.3	167.9	293.0
Operating profit +	107.4	97.8	121.8	190.9	407.6
Operating margin %	13.6	8.2	6.8	9.1	16.9
Other income	2.4	1.7	0.3	7.4	5.3
Interest	2.6	5.5	19.4	31.8	36.5
Depreciation	28.1	30.9	40.1	51.4	50.8
Exceptional items	-	-	-	-	-
Profit before tax	79.1	63.0	62.6	115.1	325.6
Tax	28.8	15.1	16.5	30.0	82.0
Profit - disc. ops	-	-	-	-	-
Net profit	50.3	48.0	46.1	85.0	243.6
Net margin %	6.3	4.0	2.6	4.0	10.1

Precentage of total income	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	99.7	99.86	99.99	99.65	99.78
Expenses +	90.02	94.72	96.5	94.52	86.53
Cost of goods	71.39	80.35	83.54	78.79	67.19
Employee cost	5.1	3.49	2.99	3.78	3.61
Other costs	9.65	7.83	6.66	7.99	12.12
Operating profit	13.55	8.2	6.8	9.09	16.87
Other income	0.3	0.14	0.01	0.35	0.22
Interest	0.33	0.46	1.08	1.51	1.51
Depreciation	3.55	2.59	2.24	2.45	2.1
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	9.98	5.28	3.5	5.48	13.47
Tax	3.63	1.26	0.92	1.43	3.39
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	6.35	4.02	2.57	4.05	10.08

Revenue from operations

Ratios

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Solvency +
Total Debt/Equity	0.1	0.3	0.5	0.3	0.3
Net Debt/Equity	0.0	0.2	0.4	0.3	0.3
Total Debt/Assets	0.0	0.2	0.2	0.2	0.2
Total Assets/Equity	1.2	1.6	2.0	1.8	2.0
Liquidity +
Current Ratio	2.8	1.9	1.5	1.8	1.6
Quick Ratio	1.6	1.4	1.0	1.1	0.9
Interest Coverage	41.5	17.7	6.3	6.0	11.2
Performance
Gross Margin	28.4	19.5	16.4	20.9	32.7
Operating Margin	13.6	8.2	6.8	9.1	16.9
Net Margin	6.3	4.0	2.6	4.0	10.1
Return +
Return on Equity	8.3	7.3	6.6	10.9	25.1
Pre-tax ROCE	13.6	9.0	9.7	14.1	28.3
Return on Assets	6.8	4.6	3.4	6.0	12.5
Pre-tax ROIC	13.1	8.8	8.4	13.8	27.8
Efficiency +
Days Payable	49.0	47.0	55.0	51.0	72.0
Days Inventory	89.0	60.0	58.0	67.0	87.0
Days Receivable	49.0	55.0	67.0	61.0	68.0
Fixed Asset Turnover	2.2	2.5	3.0	3.2	2.7
Total Asset Turnover	1.1	1.1	1.3	1.5	1.2
Working Capital
Cash Conversion Cycle	89.0	68.0	70.0	77.0	83.0
Working Capital Days	101.0	82.0	51.0	58.0	54.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

SBICap Trustee Company Limited

No. of Loans: 1

Total Amount : 873.1 cr

State Bank of India

No. of Loans: 1

Total Amount : 628.9 cr

The Federal Bank Limited

No. of Loans: 8

Total Amount : 300.3 cr

IndusInd Bank Limited

No. of Loans: 3

Total Amount : 266.5 cr

IDFC First Bank Limited

No. of Loans: 2

Total Amount : 220.0 cr

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 4

Total Amount : 18.8 cr

Charge Holder	Amount	Date of creation/modification
IndusInd Bank Limited	151.5 cr	02 Aug, 2025
IndusInd Bank Limited	55.0 cr	02 Aug, 2025
The Hongkong and Shanghai Banking Corporation Limited	10.0 cr	13 Jun, 2025
The Federal Bank Limited	125.0 cr	31 May, 2025
The Federal Bank Limited	75.5 cr	31 May, 2025
IDFC First Bank Limited	205.0 cr	20 May, 2025
IDFC First Bank Limited	15.0 cr	20 May, 2025
State Bank of India	628.9 cr	14 May, 2025
SBICap Trustee Company Limited	873.1 cr	22 Jan, 2025
The Hongkong and Shanghai Banking Corporation Limited	0.8 cr	05 Jan, 2025
The Hongkong and Shanghai Banking Corporation Limited	4.5 cr	05 Jan, 2025
The Federal Bank Limited	26.0 cr	23 Aug, 2024
The Hongkong and Shanghai Banking Corporation Limited	3.5 cr	11 Jan, 2024
The Federal Bank Limited	73.1 cr	19 Jun, 2023
The Federal Bank Limited	0.0 cr	17 May, 2023
The Federal Bank Limited	0.1 cr	25 Feb, 2022
IndusInd Bank Limited	60.0 cr	31 Dec, 2021
The Federal Bank Limited	0.3 cr	21 Dec, 2021
The Federal Bank Limited	0.3 cr	02 Jul, 2021

Charges

SBICap Trustee Company Limited

State Bank of India

The Federal Bank Limited

IndusInd Bank Limited

Others

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Tofler Score

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Risk

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No risks identified

Moderate Risk

PAYABLES DETERIORATING
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Registered Details

CIN

U36990MH2011PTC220771

PAN

AAGCP2384M

Incorporation

2011, 14.5 years

Company Email

ajit[dot]pethe[at]renewsysindia[dot]com

Paid up Capital

₹ 176.5 Cr

Authorised Capital

₹ 200.0 Cr

AGM

Aug 2025

Type

Private

Others

FAQ - RENEWSYS INDIA PRIVATE LIMITED

What is the incorporation date of RENEWSYS INDIA PRIVATE LIMITED?

The incorporation date of RENEWSYS INDIA PRIVATE LIMITED is 09 August, 2011

What is the authorized share capital of RENEWSYS INDIA PRIVATE LIMITED?

The authorized share capital of RENEWSYS INDIA PRIVATE LIMITED is INR ₹ 200.0 Cr.

What is the paid-up capital of RENEWSYS INDIA PRIVATE LIMITED?

The paid-up capital of RENEWSYS INDIA PRIVATE LIMITED is INR ₹ 176.5 Cr.

What is the registered address of RENEWSYS INDIA PRIVATE LIMITED?

The registered address of RENEWSYS INDIA PRIVATE LIMITED is Unit No. 607, 6th floor, Trade Center, Bandra - Kurla Complex, Bandra (East), Mumbai City, Mumbai, Maharashtra, India, 400051 - 400051

What is the CIN number of RENEWSYS INDIA PRIVATE LIMITED?

The CIN number of RENEWSYS INDIA PRIVATE LIMITED is U36990MH2011PTC220771.

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