Promoter holding
64.27%
IR
Inox Renewables Limited - Due diligence report
A 360° intelligence report on Inoxrenewables: trust score, financial health, credit view, compliance, directors, growth and distress signals…
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Inoxrenewables — 360° Intelligence Report
Generated from MCA filings & public records42/100
Trust Score
Caution Indicated
Inoxrenewables is assessed as Caution Indicated with a Trust Score of 42/100. Inoxrenewables is a public limited indian non-government company incorporated in 2010, operating in the Energy and Power sector. Reported revenue has declined 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 high compliance risk and high financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Inox Renewables Limited snapshot & full profile →
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 & explainableTrust ScoreCaution Indicated
42/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
10/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
15/100
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 accessScores 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: 45/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- No open charges - unencumbered balance sheet.
Charges position: 0 open (-) · 7 satisfied (2,682.64 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Icici Bank Limited | 5 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Others | 1 | 48.0 cr |
Compliance Score: 10/100 Caution Indicated
- Company status is "Amalgamated" - not Active.
- Last balance sheet is for Mar 2020 - filings overdue.
- Litigation present in 3 court forum(s).
- 6 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 95/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DEVANSH JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VENKATANARAYANAN SANKARANARAYANAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHANTI PRASHAD JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BHUPESH KUMAR JUNEJA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIVEK KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PAVAN KUMAR JAIN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 6 directors on the board.
- No disqualified or deactivated DINs.
- Stable board - no exits in 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2017)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2019 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Gfl Limited
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 6 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Gfl Limited | Holding Company | 74.00% |
| Inox Leasing And Finance Limited | Holding Company | 74.00% |
Key managerial personnel: BHUPESH KUMAR JUNEJA (Whole-time director)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 15
Growth signals & trust indicators
Asset base grew 1.42 - capacity expansion.
Operating for 15+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Outside liabilities up 2.1x in a year.
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (10/100).
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence21/100
Caution indicated
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 5 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment32/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view39/100
Limited indicators at present
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events22 Sep 2020
Last AGM held
Annual general meeting
31 Mar 2020
Latest balance sheet
Filed with ROC
01 Apr 2019
Director ceased
DEEPAK RANJIT ASHER
23 Feb 2018
Charge satisfied
Idbi Trusteeship Services Limited
27 Oct 2017
Charge satisfied
Others
09 Oct 2017
Charge satisfied
Icici Bank Limited
31 Mar 2017
Share transfer (FY 2017)
100.00000000 shares to GFL through its nominee Deepak
Share transfer (FY 2017)
100.00000000 shares to Kumar GFL through its nominee Devendra
Share transfer (FY 2017)
100.00000000 shares to GFL through its nominee Siddharth
Share transfer (FY 2017)
100.00000000 shares to GFL through its nominee Vivek
Share transfer (FY 2017)
100.00000000 shares to Kumar GFL through its nominee Pavan
Share transfer (FY 2017)
100.00000000 shares to GFL through its nominee Devansh
08 Sep 2016
Director ceased
VENKATANARAYANAN SANKARANARAYANAN
10 Aug 2016
Director appointed
VENKATANARAYANAN SANKARANARAYANAN (Director)
01 Apr 2016
Director ceased
RAMA SANKARANARAYANA IYER
10
Key Observations
Auto-generated from the data aboveRevenue declined 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.
6 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
All 7 registered charge(s) stand satisfied - past borrowings repaid.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Acme | U40108HR2014PTC067864 | Gurugram, Haryana, India |
| Adani Transmission | U40300GJ2016PLC119594 | Ahmedabad, Gujarat, India |
| Vishwaj Energy Private Limited | U40101PN2005PTC020612 | Pune, Maharashtra, India |
| Easun Reyrolle | L31900TN1974PLC006695 | Chennai, Tamil Nadu, India |
| Bhopal Switch Gears Pvt Ltd | U31200MP1992PTC006972 | Bhopal, Madhya Pradesh, India |
| Savair | U63011MH2001PLC130547 | Navi Mumbai, Maharashtra, India |
| Cambridge Energy Resources Private Limited | U40106HR2009PTC039660 | Gurgaon, Haryana, India |
| Savan Green Energy Solutions Limited | U74995TG2018PLC123477 | Hyderabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Inoxrenewables before audits and certifications: compliance score 10/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Inoxrenewables: 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: Enhanced diligence advised. Credit risk score 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 45/100, margin trends, ownership structure and peer set for Inoxrenewables - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Caution indicated. Trust score 42/100, distress signals and MSME payment-delay disclosures - know whether Inoxrenewables 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 Inoxrenewables - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Inoxrenewables an active company?
Inoxrenewables has MCA status “Amalgamated” with a compliance score of 10/100 (Caution Indicated).
Is Inoxrenewables financially healthy?
Inoxrenewables has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Inoxrenewables?
Its overall Trust Score is 42/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Inoxrenewables?
The ultimate holding entity is Gfl Limited. 6 active director(s) are on record.
Does Inoxrenewables have loans or charges against its assets?
No open charges - all 7 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Inoxrenewables up to date with its ROC filings?
Last balance sheet is for Mar 2020 - filings overdue. Overall compliance score: 10/100 (Caution Indicated).
Is it risky to lend to Inoxrenewables?
Its Credit Risk Score is 45/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
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.
