Company Intelligence Profile
CLN Energy Limited
CLN Energy Limited (Noida, UP) designs, manufactures and assembles customized lithium-ion battery packs, BMS, motors and EV powertrain components (controllers, throttles, DC-DC converters, displays, differentials) for B2B mobility (e-2W/3W/4W, e-rickshaw L3, e-auto L5, golf carts, material handling) and stationary sto…
Last updated 4 September 2026
CLN Energy Limited, based in Noida, designs and manufactures customized lithium-ion battery packs and EV powertrain components for B2B mobility and storage solutions. In FY2026, the company reported revenue of ₹346 crore with a profit after tax of ₹21 crore, showing significant growth from ₹220.39 crore in FY2025. The company was listed on the BSE SME in January 2025, raising ₹72 crore through its IPO.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | CLN Energy Limited |
|---|---|
| CIN | U33100UP2019PTC121869 |
| PAN | Embedded in GSTIN 09AAECJ6580H1Z8 → PAN likely AAECJ6580H |
| Status |
|
| Listing |
|
| Incorporated | 01 October 2019 (as JLNPhenix Energy Private Limited; renamed CLN Energy Private Limited 08 May 2023 special resolution 29 Sep 2022; converted to CLN Energy Limited, public company, fresh COI 18 June 2024 following shareholder resolution 04 Apr 2024). Confirmed — Tofler/TheCompanyCheck/WebSearch synthesis, 2+ sources agree. |
| ROC | RoC Kanpur / Uttar Pradesh |
| Sector (NIC) | Manufacture of electrical equipment / general purpose & special purpose machinery & equipment / transport equipment (lithium-ion batteries, motors, powertrain components for EVs) — TheCompanyCheck; one source said "medical, precision and optical instruments, watches and clocks" which looks like a stale/incorrect NIC mapping and is likely an error — flagged as conflict, not used. |
| Registered address | Plot No. 18, Sector 140, Phase 2, Dadri / Noida, Gautam Buddha Nagar, Uttar Pradesh — 201305 |
| Authorized capital |
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| Paid-up capital |
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Business Overview
- CLN Energy Limited (Noida, UP) designs, manufactures and assembles customized lithium-ion battery packs, BMS, motors and EV powertrain components (controllers, throttles, DC-DC converters, displays, differentials) for B2B mobility (e-2W/3W/4W, e-rickshaw L3, e-auto L5, golf carts, material handling) and stationary storage (residential/commercial inverters, telecom 48V packs, data-centre and grid/microgrid ESS)
- Two manufacturing plants — Noida, UP (~42,000 sq ft) and Pune, Maharashtra (~20,000 sq ft) — combined ~93 MWh capacity
- Serves 100+ OEM/PSU clients via a 100+ distributor network across 50+ Indian cities; some presence in 4 countries per company site
- Listed on BSE SME (Jan 2025 IPO)
- Sources: clnenergy.in, TheCompanyCheck, WebSearch synthesis of Business Standard/Chittorgarh coverage
Directors
Board (post-IPO, 5 members — TheCompanyCheck + WebSearch synthesis, confirmed by 2 sources; DINs not obtained from any accessible source):
- Sunil Gandhi — Whole-Time Director & CEO (appointed as WTD 18 Aug 2020; earlier appointment date differs slightly across sources — one source says effective 19 Jun 2024 for current designation)
- Manish Shah — Whole-Time Director & COO (appointed 09 Oct 2023)
- Rajiv Seth — Chairman & Non-Executive Director (appointed 14 Feb 2024)
- Rakesh Kakkar — Non-Executive Independent Director (appointed 19 Jun 2024)
- Bhawna Hundlani — Non-Executive Independent Director (appointed 19 Jun 2024)
Earlier company records list JEEVAN CHAND as a director (older MCA-era snapshot) — status not reconciled, may have resigned pre-IPO. DINs: not obtained (Falconebiz DIN lookup was CAPTCHA-gated/blocked in this session).
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 09AAECJ6580H1Z8 | Uttar Pradesh | Embedded in GSTIN 09AAECJ6580H1Z8 → PAN likely AAECJ6580H (partial — derived from GSTIN, not independently confirmed on a company-profile page; treat as partial) | Active |
Primary GSTIN: 09AAECJ6580H1Z8 (Uttar Pradesh, state code 09) — status Active, Regular scheme, registered 23 Oct 2019 (source: piceapp.com GST lookup — single source, not in the pre-approved reliable list, so treat as partial/unconfirmed; a direct knowyourgst.com GSTIN page returned 404 in this session and could not corroborate). PAN embedded: AAECJ6580H. Number of registrations: not obtained (only one state registration identified; company also has a Pune, Maharashtra plant so a Maharashtra GSTIN likely exists but was not found — not obtained).
Financials
CLN Energy Limited reported a revenue of ₹346 Cr and a PAT of ₹21 Cr for FY2026, showcasing a year-on-year growth of 66% from ₹220 Cr in FY2025. The company's net worth stood at ₹115 Cr with borrowings of ₹93 Cr and a market cap of approximately ₹533 Cr.
- Consolidated/standalone basis not explicitly stated by Screener (India small-cap listings are typically standalone unless noted)
- FY2026 (year ended Mar 2026, per Screener.in): Revenue ₹346 Cr
- EBITDA ₹44 Cr (Operating profit ₹37 Cr + Depreciation ₹7 Cr)
- PAT ₹21 Cr
- Net worth ₹115 Cr (Equity ₹11 Cr + Reserves ₹104 Cr)
- Borrowings ₹93 Cr
- Market cap ~₹533 Cr. TheCompanyCheck separately cites FY2025 (year ended Mar 2025) revenue ₹220.39 Cr (66% YoY growth) and an older WebSearch-synthesized figure of ₹129 Cr for FY2023 with 123 employees (Apr 2024) — these form a consistent revenue growth trajectory (₹129 Cr FY23 → ₹220 Cr FY25 → ₹346 Cr FY26) across 3 independent sources, so treated as confirmed
- Open charges/borrowings: ₹140 Cr in charges registered vs ₹93 Cr borrowings per Screener FY26 balance sheet — likely reflects charge amount vs drawn amount; not reconciled, flagged as a minor discrepancy
Funding
- Pre-IPO: Tracxn indicates the company "is a funded company" with one funding round but amount/investor names were paywalled/redacted in this session — not obtained
- IPO: BSE SME listing, Jan 2025, ₹72 Cr raised via 28.92 lakh equity shares at ₹250/share
In the News
CLN Energy FY26 Results: Net profit rises 59% YoY to ₹205.5 crore
scanx.trade · a month ago
CLN Energy sets Sept 18 record date for 7th AGM
scanx.trade · a month ago
CLN Energy AGM: Borrowing Limit Doubled to Rs 1,000 Crore
Whalesbook · a month ago
CLN Energy Limited Announces Reconstitution of Audit Committee, Effective August 27, 2026
marketscreener.com · a month ago
CLN Energy Limited Approves Investment in its wholly owned subsidiary, C L N General Trading LLC
marketscreener.com · a month ago
Headlines about CLN Energy Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges / Loans
- Total open charges ~₹140 Crore per TheCompanyCheck: "Others" ₹60 Cr, HDFC Bank Limited ₹55 Cr, Axis Bank Limited ₹25 Cr. Single-source figure — partial confidence
- CARE Ratings assigned CARE BBB-/Stable and CARE A3 to ₹55 crore of bank facilities on 04 Oct 2025 (press release dated 06 Oct 2025) — consistent with the HDFC Bank ₹55 Cr charge line
Credit Ratings
- CARE Ratings (CareEdge): CARE BBB-
- Stable (long-term) / CARE A3 (short-term) assigned to ₹55.00 Crore of bank facilities, rating action dated 04 Oct 2025, press release published 06 Oct 2025
- Single rating agency identified
- ICRA/CRISIL ratings not found — not obtained
- Source: careratings.com press release
Competitors
- Indian lithium-ion battery / EV powertrain component peers: (1) Log9 Materials — Bengaluru, lithium-ion cell/pack manufacturer for EVs, larger/well-funded private player
- (2) Livguard — pan-India battery major with lithium e-rickshaw/e-2W packs, much larger scale
- (3) Amara Raja Batteries (Amaron) — large listed diversified battery major entering lithium EV packs, much larger scale
- (4) Exide Industries — large listed legacy battery major with lithium EV battery lineup, much larger scale
- (5) Okaya Power — lithium/tubular battery manufacturer with e-rickshaw/e-2W focus, comparable-to-larger private player
- (6) Servotech Renewable Power System — listed small-cap, e-3W lithium battery packs (Sultan range), comparable scale/listing profile to CLN Energy
- Source: WebSearch synthesis (industry roundup articles), Tracxn (peer list, largely non-Indian and deprioritized)
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