Radiance Sunshine Power Private Limited - Due diligence report

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

2012-05-18 New Delhi, Delhi Active Unlisted Active Compliant
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Azurepower — 360° Intelligence Report

Generated from MCA filings & public records
65/100
Trust Score
Moderate

Azurepower is assessed as Moderate with a Trust Score of 65/100. Azurepower is an active private limited indian non-government company incorporated in 2012, operating in the Environment 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 moderate compliance risk and high financial risk profile.

Report generated on 17 Aug 2026 from the latest processed filings. Radiance Sunshine Power Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
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 ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
70/100
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
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 25/100 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.

Charges position: 1 open (7.69 cr) · 5 satisfied (439.45 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others4 48.0 cr
Central Bank Of India1 48.0 cr
Idbi Trusteeship Services Limited1 48.0 cr
Compliance Score: 70/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: EPFO.
  • 3 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJAY KHOSLA 01234567 Director 01/04/2018 6 yrs Approved
Vishal Jain 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 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
Radiance Renewables 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
Radiance Renewables Private Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 60
Growth signals & trust indicators
Operating for 14+ 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.
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence66/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 7.69 cr already registered.
  • Compliance record supports lending.
Investor view43/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
10 Nov 2025
Director appointed
Vishal Jain (Additional Director)
24 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
26 Mar 2025
Charge created
Idbi Trusteeship Services Limited - 7.69 cr
29 Sep 2024
Director ceased
SANJAY KHOSLA
17 Jan 2024
Charge satisfied
Others
21 Sep 2023
Director appointed
SANJAY KHOSLA (Director)
04 Sep 2023
Director ceased
Upma Meena
03 Aug 2023
Charge created
Others - 70.00 cr
10 Jul 2023
Charge satisfied
Others
29 Sep 2022
Director ceased
DALPREET SINGH
Director ceased
NITIN SURINDER BHATIA
13 May 2022
Charge created
Others - 38.00 cr
31 Mar 2022
Share transfer (FY 2022)
54691.00000000 shares to Radiance Renewables Private Limited
Share transfer (FY 2022)
1.00000000 shares to Prasanna Desai
10

Key Observations

Auto-generated from the data above
Revenue declined 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); board looks stable and experienced.
3 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
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
Atlantic Power Private Limited U40300PB2009PTC033048 Hoshiarpur, Punjab, India
Rwtipl Industries Private Limited U29300MH2005PTC150533 Mumbai, Maharashtra, India
Voyager Engineering Private Limited U74999TN2017PTC117027 Tirunelveli, Tamil Nadu, India
Avaadaenergy U40106MH2010PTC206891 Mumbai, Maharashtra, India
Jayanthi Wind Farms Private Limited U40106TZ2018PTC030597 Tirupur, Tamil Nadu, India
Santhi Renewable Energies Private Limited U40100TZ2022PTC038001 Coimbatore, Tamil Nadu, India
Srivathsa Power Projects Private Limited U40109AP1995PTC119360 Visakhapatnam, Andhra Pradesh, India
Sarayu Cleangen Private Limited U40108TG2012PTC078980 Hyderabad, Telangana, India
12

Who Uses This Report

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

Verify Azurepower before audits and certifications: compliance score 70/100, 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: Enhanced diligence advised. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 40/100, margin trends, ownership structure and peer set for Azurepower - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 65/100, 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 70/100 (Moderate).

Is Azurepower financially healthy?

Azurepower has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Azurepower?

Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Azurepower?

The ultimate holding entity is Radiance Renewables 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 5 earlier charge(s) stand satisfied.

Is Azurepower up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 70/100 (Moderate).

Is it risky to lend to Azurepower?

Its Credit Risk Score is 25/100 (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.