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 21 August 2026
Renew Photovoltaics Private Limited, incorporated in November 2020 and based in Delhi, is an active special-purpose subsidiary of the ReNew group engaged in the generation, transmission and distribution of electric power from photovoltaic solar sources. For the financial year 2025 it reported revenue of Rs 4,095 crore. The company carries substantial secured borrowings and has been party to a customs dispute before the Gujarat High Court and Supreme Court.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| 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
- 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
Confirmed (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
- 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/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)
- (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
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