Company Intelligence Profile
Renew Photovoltaics Private Limited
Special-purpose renewable-energy subsidiary of the ReNew group (ReNew Private Limited / ReNew Energy Global plc), engaged in generation, transmission and distribution of electric power from photovoltaic (solar) sources.
Last updated 20 August 2026
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Renew Photovoltaics Private Limited |
|---|---|
| CIN | U40106DL2020PTC373453 |
| PAN | Not available in the public sources reviewed. |
| Status | Active |
| Listing | Not listed (unlisted private limited company; parent group ReNew Energy Global plc is Nasdaq-listed, but this entity itself is not) |
| Incorporated | 20 November 2020 |
| ROC | RoC Delhi |
| Sector (NIC) | Electricity, Gas & Water — Electric power generation, transmission and distribution (NIC 40106, photovoltaic/solar power generation) |
| Registered address | 138 Ansal Chamber – II, Bikaji Cama Place, South Delhi, Delhi, India, 110066 |
| Authorized capital | ₹820 crore |
| Paid-up capital | ₹606.33 crore |
Business Overview
Partial / conflicting- Special-purpose renewable-energy subsidiary of the ReNew group (ReNew Private Limited / ReNew Energy Global plc), engaged in generation, transmission and distribution of electric power from photovoltaic (solar) sources
- Reported ~946 employees as of April 2024
Directors
Partial / conflictingConfirmed (partial DIN coverage) — Sumant Sinha (Director; DIN not obtained on free pages), Vaishali Nigam Sinha (Director, DIN 02299472 — Tofler), Ramesh Ramachandran Nair (Nominee Director; DIN not obtained), Sanjay Varghese Chacko (Director, DIN 05139202 — Tofler), Kailash Vaswani (Director, DIN 06902704 — Tofler). Company Secretary: Nakul Upadhaya (Falconebiz). Source agreement: director names agree across Tofler, TheCompanyCheck and Falconebiz; DINs from Tofler only (not cross-verified against a second source) — treat DINs as partial/unconfirmed.
Financials
Partial / conflicting- FY2025: Revenue ₹4,095 Cr (up 151% YoY)
- EBITDA — locked/not obtained
- PAT — locked/not obtained
- Net worth ≈ paid-up capital ₹606.33 Cr (proxy, not a true net-worth figure)
- Total borrowings/open charges ₹4,456 Cr, satisfied charges ₹883.5 Cr. Only one source provided figures — unconfirmed by a second source, so classify as partial
Charges & Borrowings
Partial / conflicting- Partial/confirmed via Tofler and TheCompanyCheck (figures differ slightly in aggregation, both agree scale is multi-thousand-crore): Open charges ~₹4,456 Cr
- satisfied charges ~₹883.5 Cr. Lender-level detail: Catalyst Trusteeship Limited ₹2,546 Cr
- The Federal Bank ₹1,110 Cr (2 loans)
- Bank of Baroda ₹300 Cr
- RBL Bank Limited ₹200 Cr. Falconebiz separately lists Axis Bank ₹150 Cr, IDBI Bank ₹150 Cr, others ₹4,156 Cr — lender lists across sources do not fully reconcile
- report as a source conflict, aggregate scale (multi-thousand-crore secured borrowing) is the confirmed part
Legal (Indian Kanoon)
Confirmed- (1) "M/S Renew Photovoltaics Private Limited vs Principal Commissioner Of Customs & Ors", Gujarat High Court, Special Civil Application No. 4886 of 2025 (15 Apr 2025)
- (2) same matter at Supreme Court (Daily Orders, 16 May 2025) — a customs dispute
- Indian Kanoon shows ~222 documents mentioning the company name
- most are incidental references
- Related but distinct entities "Renew Surya Jyoti Private Limited" and "Renew Solar Photovoltaic Private Limited" have separate Delhi High Court matters (26 Feb 2024) — not to be conflated with this entity
Competitors
Confirmed- Named peers in Indian solar/renewable IPP space (rough scale tags): Adani Green Energy Ltd (large-cap, listed, multi-GW), Tata Power Renewable Energy (large, part of listed Tata Power), Azure Power Global (mid-large, delisted from NYSE 2023), Waaree Energies (large, listed, module mfg + IPP), NTPC Renewable Energy Ltd (large, PSU-backed), Continuum Green Energy (mid-large, IPO-track)
- Renew Photovoltaics Pvt Ltd itself is an operating SPV within the ReNew group, which is itself a top-3 Indian renewable IPP (ReNew Energy Global plc, Nasdaq-listed parent)
Frequently Asked Questions
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