Azure Power Pluto Private Limited - Due diligence report

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

2014-12-09 New Delhi, Delhi Active Unlisted Active Compliant
Share
Connect MCP
AP Azure Power Pluto Private Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹449 Save ₹251 excl. GST
Or from ₹279/report with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Azurepower — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Azurepower is assessed as Low Risk with a Trust Score of 80/100. Azurepower is an active private limited indian non-government company incorporated in 2014, operating in the Environment sector. Reported revenue has declined 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 25 Aug 2026 from the latest processed filings. Azure Power Pluto 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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
93/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
30/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
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: 80/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.

Charges position: 1 open (625.00 cr) · 3 satisfied (962.18 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Idbi Trusteeship Services Limited1 48.0 cr
Compliance Score: 93/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 30/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJEEV CHHABRA 01234567 Director 01/04/2018 6 yrs Approved
Manoj Kumar Sharma 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • SANJEEV CHHABRA has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 5 director exits in 3 years - high churn.
06

Ownership & Group Intelligence

As per FY 2025 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
9 allotment(s) · 0 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 55 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 11+ years.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
1 open charge(s) registered - assets are encumbered.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 1 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment85/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 625.00 cr already registered.
  • Compliance record supports lending.
Investor view72/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 2 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
29 Aug 2025
Last AGM held
Annual general meeting
28 Aug 2025
Director ceased
SANJEEV CHHABRA
Director ceased
Manoj Kumar Sharma
22 Jul 2025
Director appointed
SANJEEV CHHABRA (Director)
Director appointed
Manoj Kumar Sharma (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
15 Sep 2024
Director ceased
MAHESH SHIVAPPA ARALI
20 Jun 2024
Director ceased
SAURABH GUPTA
14 May 2024
Director ceased
Shweta Srivastava
01 Mar 2023
Director ceased
Rajani Kumar Chinnari
23 Feb 2023
Director ceased
KISHORE KUMAR
30 Sep 2021
Director ceased
NITIN VAID
03 Dec 2020
Director ceased
PREET SANDHU
21 Sep 2020
Director ceased
Samitla Subba
08 Jul 2020
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - manageable leverage.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
2 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
Capital has been raised through 9 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Atria Power U40107KA2015PTC078959 Bangalore, Karnataka, India
Adtech L33111TN1990PLC018678 Neelankarai, Tamil Nadu, India
A2Zgroup L74999HR2002PLC034805 Gurgaon, Haryana, India
Vasudev Power Private Limited U40100GJ2010PTC061608 Surat, Gujarat, India
Azure Power U40300DL2016PTC301090 New Delhi, Delhi, India
Azurepower U35105DL2016PTC299122 New Delhi, Delhi, India
Azurepower U35105DL2012PTC236103 New Delhi, Delhi, India
Bharat Carbonates Private Limited U24321GJ1997PTC032820 Surat, Gujarat, India
12

Who Uses This Report

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

Verify Azurepower before audits and certifications: compliance score 93/100, 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 55/100, margin trends, ownership structure and peer set for Azurepower - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Azurepower pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 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 93/100 (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 80/100 (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: 93/100 (Low Risk).

Is it risky to lend to Azurepower?

Its Credit Risk Score is 80/100 (Low Risk). 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.