Azure Sunshine Private Limited - Due diligence report

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

2012-06-07 New Delhi, Delhi Active Unlisted Active Compliant
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AS Azure Sunshine Private Limited
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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 2012, 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 25 Jul 2026 from the latest processed filings. Azure Sunshine 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
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
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
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
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: 35/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.

Charges position: 2 open (132.70 cr) · 4 satisfied (481.35 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others3 48.0 cr
Central Bank Of India1 48.0 cr
Indian Renewable Energy Development Agency Limited1 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Compliance Score: 100/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
Manoj Kumar Sharma 01234567 Director 01/04/2018 6 yrs Approved
Umesh Sukhwani 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2021 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 65 · Distress 80
Growth signals & trust indicators
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
Operating for 14+ years.
Active GST registration(s).
Distress signals & risk flags
3 director exits within 2 years.
2 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence90/100
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 assessment63/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 2 open charge(s) of 132.70 cr already registered.
  • Compliance record supports lending.
Investor view74/100
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
28 Aug 2025
Director ceased
Manoj Kumar Sharma
Director ceased
Umesh Sukhwani
22 Jul 2025
Director appointed
Manoj Kumar Sharma (Director)
Director appointed
Umesh Sukhwani (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
24 Aug 2021
Securities allotted
320000000 Debentures - 32.00 cr raised
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
21 Jan 2020
Charge satisfied
Others
04 Dec 2019
Charge satisfied
Others
10

Key Observations

Auto-generated from the data above
Revenue grew 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
Debt-to-equity stands at 1.42 - 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.
Promoters hold a dominant controlling stake as per the FY 2021 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
Fairdeal Supplies Limited U51909WB1987PLC097552 Kolkata, West Bengal, India
Mohite Corporation Private Limited U45205PN2002PTC017289 Kolhapur, Maharashtra, India
Matrix Green Energy Private Limited U40108TG2014PTC095984 Hyderabad, Telangana, India
Space Age Associates Power-Infra Private Limited U32109PN2006PTC021860 Pune, Maharashtra, India
Edupluscampus U62099PN1982PTC028763 Pune, Maharashtra, India
Mulanur Renewable Energy Limited U40300HR2016PLC070808 Dlf Qe, Haryana, India
Green Planet Energy Private Limited U40108PB2007PTC031377 Jalandhar, Punjab, India
Sei Arushi Private Limited U40109TS2013FTC200132 Shaikpet, Telangana, India
12

Who Uses This Report

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

Verify Azurepower before audits and certifications: compliance score 100/100, 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: 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: 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 (no cases 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 100/100 (Low Risk).

Is Azurepower financially healthy?

Azurepower has a Financial Health Score of 75/100 (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?

2 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.

Is Azurepower up to date with its ROC filings?

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

Is it risky to lend to Azurepower?

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.