Azure Power Infrastructure Private Limited - Due diligence report

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

2010-09-30 New Delhi, Delhi Active Unlisted Active Compliant
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AP Azure Power Infrastructure Private Limited
Full Due-Diligence Report + Documents
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  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
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Azurepower — 360° Intelligence Report

Generated from MCA filings & public records
88/100
Trust Score
Low Risk

Azurepower is assessed as Low Risk with a Trust Score of 88/100. Azurepower is an active private limited indian non-government company incorporated in 2010, operating in the Environment sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Azure Power Infrastructure Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › 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 ScoreLow Risk
88/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
86/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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.

Get full access

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: 50/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB).

Charges position: 1 open (250.83 cr) · 3 satisfied (555.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Ifci Limited1 48.0 cr
Compliance Score: 86/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
KAPIL SHARMA 01234567 Director 01/04/2018 6 yrs Approved
Kunal Jindal 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
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
Azure Power India Private Limited
Subsidiaries
-
Group entities
-
Capital events
5 allotment(s) · 4 transfer(s)

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

Group entityRelationship% held
Azure Power India Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 65 · Distress 90
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 15+ years.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence88/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment70/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 250.83 cr already registered.
  • Compliance record supports lending.
Investor view78/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
29 Aug 2025
Last AGM held
Annual general meeting
21 Jul 2025
Director appointed
Kunal Jindal (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Sep 2024
Director ceased
Vikrant Krishan Mahajan
24 Feb 2023
Director ceased
KAPIL SHARMA
02 Aug 2022
Director appointed
KAPIL SHARMA (Director)
31 Mar 2021
Share transfer (FY 2021)
1.00000000 shares to AZURE URJA PRIVATE LIMITED Nominee of Holding Company
Share transfer (FY 2021)
1.00000000 shares to Kapil Sharma Nominee of Holding Company
21 Sep 2020
Director ceased
PAWAN KUMAR AGRAWAL
Director ceased
SANDEEP ARORA
31 Mar 2020
Director ceased
HARKANWAL SINGH WADHWA
11 Mar 2020
Director ceased
SHANKAR KUMAR
04 Dec 2019
Charge satisfied
Others
17 Jul 2019
Director ceased
INDERPREET SINGH WADHWA
21 Jun 2019
Director ceased
SURENDRA KUMAR GUPTA
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.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB from Icra.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 5 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sterlite Grid 16 Limited U29249DN2019PLC005563 Silvassa, Dadra & Nagar Haveli, India
Adani Solar Energy Kutchh Two Private Limited U40106GJ2016PTC086542 Ahmedabad, Gujarat, India
Danu Wind Parks Private Limited U40108TG2011PTC076645 Hyderabad, Telangana, India
Acme U40108HR2015PTC054324 Gurgaon, Haryana, India
Lnb Renewable U37100WB2012PLC188046 Kolkata, West Bengal, India
Sei Adhavan Power Private Limited U40103TS2015FTC200980 Shaikpet, Telangana, India
Nisagra Renewable Energy Private Limited U40106DL2018PTC331399 New Delhi, Delhi, India
Sohamenergy U40101MH2000PTC405600 Thane, Maharashtra, India
12

Who Uses This Report

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

Verify Azurepower before audits and certifications: compliance score 86/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Azurepower: 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: Favourable lending indicators. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Azurepower - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 88/100, distress signals and MSME payment-delay disclosures - know whether Azurepower pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Azurepower - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Azurepower an active company?

Azurepower has MCA status “Active” with a compliance score of 86/100 (Low Risk).

Is Azurepower financially healthy?

Azurepower has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Azurepower?

Its overall Trust Score is 88/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Azurepower?

The ultimate holding entity is Azure Power India Private Limited. 2 active director(s) are on record.

Does Azurepower have loans or charges against its assets?

1 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.

Is Azurepower up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 86/100 (Low Risk).

Is it risky to lend to Azurepower?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Favourable lending indicators.

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.