Aditya Birla Renewables Limited - Due diligence report

A 360° intelligence report on Adityabirla: trust score, financial health, credit view, compliance, directors, growth and distress signals - …

2015-08-07 Mumbai, Maharashtra Active Unlisted Active Compliant
AB Aditya Birla Renewables Limited
Full Due-Diligence Report + Documents
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  • Director details, charges & MCA documents
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Adityabirla — 360° Intelligence Report

Generated from MCA filings & public records
71/100
Trust Score
Moderate

Adityabirla is assessed as Moderate with a Trust Score of 71/100. Adityabirla is an active public limited indian non-government company incorporated in 2015, operating in the Environment sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and moderate financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Aditya Birla Renewables Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Strong

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
55/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
35/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
65/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Externally credit-rated (AA).

Charges position: 5 open (1,035.44 cr) · 2 satisfied (300.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Standard Chartered Bank2 48.0 cr
Axis Bank Limited1 48.0 cr
Compliance Score: 72/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (6 disclosure(s)).
  • 6 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
PREETI VYAS 01234567 Director 01/04/2018 6 yrs Approved
ARYAMAN VIKRAM BIRLA 01234567 Director 01/04/2018 6 yrs Approved
Piyush Maheshwari 01234567 Director 01/04/2018 6 yrs Approved
PAWAN KUMAR JAIN 01234567 Director 01/04/2018 6 yrs Approved
SHWETA SUNIL MAYEKAR 01234567 Director 01/04/2018 6 yrs Approved
ASHISH RAZDAN 01234567 Director 01/04/2018 6 yrs Approved
JAYANT DUA 01234567 Director 01/04/2018 6 yrs Approved
Amit Jain 01234567 Director 01/04/2018 6 yrs Approved
Amit Rajkumar Dodani 01234567 Director 01/04/2018 6 yrs Approved
Piyush Maheshwari 01234567 Director 01/04/2018 6 yrs Approved
Amit Jain 01234567 Director 01/04/2018 6 yrs Approved
  • 11 directors on the board.
  • No disqualified or deactivated DINs.
  • 12 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Grasim Industries Ltd
Subsidiaries
6
Group entities
6
Capital events
14 allotment(s) · 1 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Abrel (rj) Projects Limited Subsidiary Company 74.00%
Abrel Epc Limited Subsidiary Company 74.00%
Abrel Epcco Services Limited Subsidiary Company 74.00%
Abrel Renewables Epc Limited Subsidiary Company 74.00%
Abrel Spv 2 Limited Subsidiary Company 74.00%
Waacox Energy Private Limited Subsidiary Company 74.00%
Grasim Industries Ltd Holding Company 74.00%
Abrel (mp) Renewables Limited Subsidiary Company 74.00%
Abrel (odisha) Spv Limited Subsidiary Company 74.00%
Abrel Century Energy Limited Subsidiary Company 74.00%

Key managerial personnel: Piyush Maheshwari (CFO) · PAWAN KUMAR JAIN (CFO(KMP)) · Amit Jain (CEO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 65
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Asset base grew 2.1x - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 10+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
9 director exits within 2 years.
5 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 6.23 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence70/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment50/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 1,035.44 cr already registered.
  • Compliance record supports lending.
Investor view69/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
13 Jan 2026
Director ceased
PREETI VYAS
Director ceased
ARYAMAN VIKRAM BIRLA
20 Oct 2025
Director appointed
PREETI VYAS (Director)
Director appointed
ARYAMAN VIKRAM BIRLA (Director)
Director ceased
PINKY ATUL MEHTA
25 Aug 2025
Last AGM held
Annual general meeting
29 Apr 2025
Director ceased
VIJAY GOPI KISHAN AGARWAL
Director ceased
ASHISH RAZDAN
Director ceased
SANJAY KUMAR PATRA
25 Apr 2025
Director appointed
Amit Jain (Ceo)
02 Apr 2025
Director appointed
Amit Jain (CEO)
31 Mar 2025
Director ceased
NARENDRA SHRIHARI SOMOSHI
Latest balance sheet
Filed with ROC
05 Feb 2025
Director appointed
ASHISH RAZDAN (Director)
13 Sep 2024
Director appointed
Amit Rajkumar Dodani (Company Secretary)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of AA from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 14 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Rbp Energy (India) Private Limited U45201CT1997PTC012053 Raipur, Chattisgarh, India
Walwhan Wind Rj Limited U40108MH2006PLC325050 Mumbai, Maharashtra, India
Modern India U17120MH1933PLC002031 Mumbai, Maharashtra, India
Avaada Rjhn Private Limited U40106UP2019PTC123855 Noida, Uttar Pradesh, India
Greenkogroup U40104KA2014PTC076968 Bangalore, Karnataka, India
Clean Wind Power (Ratlam) Private Limited U40300DL2013PTC255814 New Delhi, Delhi, India
Vivid Solaire Energy Private Limited U74999PN2016PTC167751 Pune, Maharashtra, India
Electro Solaire Private Limited U74999PN2015PTC156828 Pune, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Adityabirla before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Adityabirla: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 35/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 80/100, margin trends, ownership structure and peer set for Adityabirla - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Adityabirla pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Adityabirla - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Adityabirla an active company?

Adityabirla has MCA status “Active” with a compliance score of 72/100 (Moderate).

Is Adityabirla financially healthy?

Adityabirla has a Financial Health Score of 55/100 (Moderate) based on its filed financial statements.

Should I do business with Adityabirla?

Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Adityabirla?

The ultimate holding entity is Grasim Industries Ltd. 11 active director(s) are on record.

Does Adityabirla have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 2 earlier charge(s) stand satisfied.

Is Adityabirla up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).

Is it risky to lend to Adityabirla?

Its Credit Risk Score is 35/100 (Caution Indicated). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.