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WAAREE ENERGIES LIMITED

waaree.com
Active
Updated: 03 Jul 2025

The company manufactures solar equipment

Waaree Energies Limited, is an unlisted public company incorporated on 18 December, 1990. It is classified as a public limited company and is located in , . It's authorized share capital is INR 500.00 cr and the total paid-up capital is INR 287.28 cr.

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Subscription Plans
Industry and products
Manufacturing (Machinery & Equipments)
  • KW Rooftop Solutions, Solar Products, Batteries, Solar Water Pumps, Solar Calculator, EPC Utility Grid Projects, Inverters, Channel Partner, Pronto - DIY Solar Kit, Solar Thermal, PV Module
Company size
Auth Capital
₹ 500.0 Cr
Paidup Capital
₹ 287.3 Cr
Revenue
₹ >5000 cr
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue
64.99%
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EBITDA
80.64%
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Net Profit
149.54%
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Networth
111.18%
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Borrowings
41.2%
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Assets
45.56%
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Gross Margin
-0.76
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Operating Margin
1.17
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Net Profit Margin
3.55
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Return on Equity
4.3
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ROCE
-7.94
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Debt to Equity
-0.03
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Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (11)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Whole-time Director Viren Doshi Chimanlal
Shareholder
00207121 18 years
Whole-time Director Hitesh Pranjivan Mehta
Shareholder
00207506 14 years
Director Rajender Mohan Malla 00136657 6 years
Director Richa Manoj Goyal
Shareholder
00159889 4 years
Managing Director Hitesh Chimanlal Doshi
Shareholder
00293668 18 years
Director Sujit Kumar Varma 09075212 4 years
Director Rajinder Singh Loona 02305074 0 years

Financial Highlights

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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%

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Total assets

Charges on assets

Bank wise
Charges
1

SBICap Trustee Company Limited

No. of Loans: 3

Total Amount : 8,038.0 cr

2

IndusInd Bank Limited

No. of Loans: 2

Total Amount : 1,775.0 cr

3

State Bank of India

No. of Loans: 2

Total Amount : 1,600.0 cr

4

Kotak Mahindra Bank Limited

No. of Loans: 2

Total Amount : 900.0 cr

5

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 4

Total Amount : 741.0 cr

6

Indian Renewable Energy Development Agency Limited

No. of Loans: 1

Total Amount : 37.0 cr

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Charges

SBICap Trustee Company Limited
IndusInd Bank Limited
State Bank of India
Kotak Mahindra Bank Limited
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
IDBI HOMEFINANCE LIMITED
Amalgamated
165.0 Cr 1 Delhi
CENTILLION FINANCE PRIVATE LIMITED
Active
2.5 Cr 1 Delhi
IDBI GILTS LIMITED
Amalgamated
200.0 Cr 1 Maharashtra
NAVI MUMBAI INTERNATIONAL AIRPORT PRIVATE LIMITED
Active
1,653.8 Cr 1 Maharashtra
PFS CAPITAL ADVISORS LIMITED
Strike Off
1.0 Cr 1 Delhi
NEXTGEN TELESOLUTIONS PRIVATE LIMITED
Active
40.0 L 1 Delhi
SRIFIN CREDIT PRIVATE LIMITED
Active
49.5 Cr 1 Telangana
SHARE MICROFIN LIMITED
Active
86.9 Cr 1 Telangana
ADANI AIRPORT HOLDINGS LIMITED
Active
350.2 Cr 1 Gujarat
WAAREE ENERGIES LIMITED
Active
263.3 Cr 6 Maharashtra
MUMBAI INTERNATIONAL AIRPORT LIMITED
Active
1,200.0 Cr 1
BHARAT FINANCIAL INCLUSION LIMITED
Amalgamated
140.2 Cr 1
IOL CHEMICALS AND PHARMACEUTICALS LIMITED
Active
58.7 Cr 1
NCC LIMITED
Active
125.6 Cr 1
FILATEX INDIA LIMITED
Active
44.4 Cr 1
KAJARIA CERAMICS LIMITED
Active
15.9 Cr 1
SHREE AMBAJI FIBRES PRIVATE LIMITED
Active
63.6 L 1 Gujarat
SHAHLON SILK INDUSTRIES LIMITED
Active
17.9 Cr 1 Gujarat
STEAMHOUSE INDIA LIMITED
Active
45.2 Cr 1 Gujarat
BAAZAR STYLE RETAIL LIMITED
Active
37.3 Cr 1 West Bengal
JAINAM BROKING LIMITED
Active
36.0 Cr 1 Gujarat
SKIPPER LIMITED
Active
11.3 Cr 1
BIKAJI FOODS INTERNATIONAL LIMITED
Active
25.1 Cr 1
ACUTAAS CHEMICALS LIMITED
Active
40.9 Cr 1
SUNBLESS SOLAR PRIVATE LIMITED
Converted to LLP and Dissolved
1.0 L 2 Maharashtra
WAAREE SOLAR PRIVATE LIMITED
Converted to LLP
1.0 L 2 Gujarat
BLUE RAYS SOLAR PRIVATE LIMITED
Active
11.8 Cr 2 Maharashtra
EVERSHINE SOLAR PRIVATE LIMITED
Converted to LLP and Dissolved
1.0 L 2 Maharashtra
WAAREE VALVES PRIVATE LIMITED
Strike Off
1.0 L 2 Maharashtra
WAAREE SOLAR THERMAL PRIVATE LIMITED
Strike Off
1.0 L 2 Maharashtra
WAANEEP SOLAR ONE PRIVATE LIMITED
Active
1.0 L 2 Maharashtra
WAAREV SENSORS PRIVATE LIMITED
Strike Off
32.0 L 2 Maharashtra
OMNTEC WAAREE ATG PVT. LTD.
Active
10.9 L 1 Maharashtra
WAAREE RETAILS PRIVATE LIMITED
Converted to LLP and Dissolved
8.5 L 2 Maharashtra
ADIDEWA SOLAR PRIVATE LIMITED
Converted to LLP and Dissolved
1.0 L 2 Maharashtra
DHUMKETU SOLAR PRIVATE LIMITED
Converted to LLP
1.0 L 2 Maharashtra
AARCUBE ENERGIES PRIVATE LIMITED
Converted to LLP
1.0 L 2 Maharashtra
PATANG SOLAR PRIVATE LIMITED
Converted to LLP and Dissolved
1.0 L 2 Maharashtra
WAAREE POWER PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
WAANEEP SOLAR AP PROJECT PRIVATE LIMITED
Strike Off
5.0 L 1 Maharashtra
VEER TECHNO SOLUTIONS PRIVATE LIMITED
Converted to LLP
1.0 L 2 Maharashtra
WAAREE INFRASTRUCTURE & AGRITECH PRIVATE LIMITED
Active
8.0 L 1 Maharashtra
SUNBLESS SOLAR LLP
Active
1.0 L 2 Maharashtra
WAAREE VALVES LLP
Strike Off
1.0 L 2 Maharashtra
SUNMOUNT ENGINEERING LLP
Active
1.0 L 1 Maharashtra
DHUMKETU SOLAR LLP
Active
1.0 L 2 Maharashtra
VEDAANG ENERGIES LLP
Active
1.0 L 2 Maharashtra
WAAREE SURYA POWER LLP
Active
32.0 L 2 Maharashtra
ADIDEWA SOLAR LLP
Strike Off
1.0 L 1 Maharashtra
EVERSHINE SOLAR LLP
Active
1.0 L 2 Maharashtra
WAA MALL LLP
Active
1.0 L 2 Maharashtra
WAAREE SOLAR THERMAL LLP
Active
1.0 L 2 Maharashtra
WAAREE RETAILS LLP
Active
8.5 L 2 Maharashtra
WAAREE SOLAR LLP
Converted to CMP and Dissolved
1.0 L 2 Gujarat
DHAATA SOLAR LLP
Active
1.0 L 2 Maharashtra
DINKAR SOLAR LLP
Active
1.0 L 2 Maharashtra
WAAREE KHABIYA SOLAR VENTURES LLP
Strike Off
1.0 L 2 Maharashtra
WAAREE SOLAR PRIVATE LIMITED
Active
1.0 L 1 Gujarat
INDOSOLAR LIMITED
Active
41.6 Cr 3
WAAREE PV TECHNOLOGIES PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
WAASANG SOLAR PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
WAASANG SOLAR ONE PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
WAAREE SOLAR ONE PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
CESARE BONETTI INDIA PRIVATE LIMITED
Amalgamated
54.4 Cr 2 Maharashtra
SASWATA SOLAR PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
SASWATA SOLAR LLP
Active
73.8 Cr 2 Maharashtra
JITO DIGITAL CONNECT LIMITED
Active
0.0 1 Maharashtra
ASHTAPAD MAHATIRTH FOUNDATION
Active
0.0 1 Maharashtra
ALL INDIA SOLAR INDUSTRIES ASSOCIATION
Active
3.6 L 1 Maharashtra
SHRAVAK UNNATI FOUNDATION
Active
0.0 1 Maharashtra
KESAR MULTIMODAL LOGISTICS LIMITED
Active
41.8 Cr 1 Maharashtra
KESAR TERMINALS & INFRASTRUCTURE LIMITED
Active
5.5 Cr 1 Maharashtra
EASY HOME FINANCE LIMITED
Active
44.5 Cr 1 Maharashtra
GROWW TRUSTEE LIMITED
Active
1.5 Cr 1 Karnataka
CUPID LIMITED
Active
26.8 Cr 1
PRIME SECURITIES LIMITED
Active
16.5 Cr 1 Maharashtra
CAPRI GLOBAL ASSET RECONSTRUCTION PRIVATE LIMITED
Active
85.8 Cr 1 Maharashtra
TATA PENSION MANAGEMENT LIMITED
Active
60.0 Cr 1 Maharashtra
EVYAVAN ASSETS MANAGEMENT LIMITED
Active
1.0 Cr 1 Maharashtra
TATA CLEANTECH CAPITAL LIMITED
Amalgamated
459.3 Cr 1 Maharashtra
TATA CAPITAL LIMITED
Active
4,199.8 Cr 1 Maharashtra
TATA CAPITAL HOUSING FINANCE LIMITED
Active
608.8 Cr 1
TATA ASSET MANAGEMENT PRIVATE LIMITED
Active
26.2 Cr 1
L&T METRO RAIL (HYDERABAD) LIMITED
Active
7,413.0 Cr 1
TATA COMMUNICATIONS LIMITED
Active
285.0 Cr 1
UFLEX LIMITED
Active
72.2 Cr 1

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
BLUE RAYS SOLAR PRIVATE LIMITED Maharashtra 2010 ₹ 11.8 Cr
WAAREE CLEAN ENERGY SOLUTIONS PRIVATE LIMITED India - -
SANGAM ROOFTOP SOLAR PRIVATE LIMITED India - -
WAAREE PV TECHNOLOGIES PRIVATE LIMITED Maharashtra 1985 ₹ 1.0 L
WAASANG SOLAR PRIVATE LIMITED Maharashtra 2018 ₹ 1.0 L
WAASANG SOLAR ONE PRIVATE LIMITED Maharashtra 2018 ₹ 1.0 L
INDOSOLAR LIMITED 2005 ₹ 41.6 Cr
WAAREE POWER PRIVATE LIMITED Maharashtra 2019 ₹ 1.0 L
Rasila International Pte. Limited Singapore - -
Waaree Solar Americas Inc Usa - -
WAANEEP SOLAR ONE PRIVATE LIMITED Maharashtra 2018 ₹ 1.0 L
WAAREE RENEWABLE TECHNOLOGIES LIMITED India - -
SANGAM SOLAR ONE PRIVATE LIMITED Maharashtra 2020 ₹ 1.0 L
WAAREE ENERGY STORAGE SOLUTIONS PRIVATE LIMITED India - -
SANGAM SOLAR FOUR PRIVATE LIMITED Maharashtra 2020 ₹ 1.0 L
Rasila International Pte. Limited Singapore - -

Tofler Score

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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
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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Peers / Similar Companies

Vikram Solar Limited West Bengal
Rosa Power Supply Company Limited Maharashtra
Rithwik Projects Private Limited Telangana
Sudhir Power Limited Delhi

Peers

Registered Details

CIN

L29248MH1990PLC059463

PAN

AAACA4043J

Incorporation

1990, 34.5 years

Company Email

secretarial@waaree.com

Paid up Capital

₹ 287.3 Cr

Authorised Capital

₹ 500.0 Cr

AGM

Sep 2024

Type

Public
Others

FAQ - WAAREE ENERGIES LIMITED

What is the incorporation date of WAAREE ENERGIES LIMITED?

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The incorporation date of WAAREE ENERGIES LIMITED is 18 December, 1990

What is the authorized share capital of WAAREE ENERGIES LIMITED?

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The authorized share capital of WAAREE ENERGIES LIMITED is INR ₹ 500.0 Cr.

What is the paid-up capital of WAAREE ENERGIES LIMITED?

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The paid-up capital of WAAREE ENERGIES LIMITED is INR ₹ 287.3 Cr.

What is the registered address of WAAREE ENERGIES LIMITED?

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The registered address of WAAREE ENERGIES LIMITED is 602, 6th Floor, Western Edge - I, Western Express Highway, Borivali (East), , Mumbai City, Mumbai, Maharashtra, India, 400066 - 400066

What is the CIN number of WAAREE ENERGIES LIMITED?

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The CIN number of WAAREE ENERGIES LIMITED is L29248MH1990PLC059463.

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