Promoter holding
64.27%
RS
Refex Sustainability Solutions Limited - Due diligence report
A 360° intelligence report on Refex Sustainability Solutions Limited: trust score, financial health, credit view, compliance, directors, gro…
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Refex Sustainability Solutions Limited — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Refex Sustainability Solutions Limited is assessed as Moderate with a Trust Score of 65/100. Refex Sustainability Solutions Limited is an active public limited indian non-government company incorporated in 2020, operating in the Energy sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a low compliance risk and high financial risk profile.
Report generated on 09 Aug 2026 from the latest processed filings. Refex Sustainability Solutions 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 ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
100/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
10/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
50/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 2 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: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
Charges position: 1 open (4.50 cr) · 0 satisfied (-).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 1 | 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: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| Rakesh Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UTHAYAKUMAR LALITHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAHARSHI MAITRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 3 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
06
Ownership & Group Intelligence
As per FY 2021 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
Broil Solar Energy Private Limited
Subsidiaries
-
Group entities
-
Capital events
-
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Broil Solar Energy Private Limited | Holding Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 50 · Distress 55
Growth signals & trust indicators
Operating for 6 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Losses deepening year-on-year.
Negative net worth.
1 open charge(s) registered - assets are encumbered.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence76/100
Favourable indicators
Suitability as a supplier / customer counterparty.
- Statutory record is clean.
- 2 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment46/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 1 open charge(s) of 4.50 cr already registered.
- Compliance record supports lending.
Investor view40/100
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 14 events17 Oct 2025
Charge created
Others - 4.50 cr
09 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
01 Sep 2024
Director ceased
Rakesh Kumar
25 Jan 2024
Director appointed
Rakesh Kumar (Director)
25 Sep 2023
Director ceased
UTHAYAKUMAR LALITHA
Director ceased
BHOMA RAM
Director ceased
MAHARSHI MAITRA
26 Jul 2023
Director appointed
MAHARSHI MAITRA (Director)
Director ceased
ANIL JAIN
05 Oct 2022
Director appointed
UTHAYAKUMAR LALITHA (Director)
27 Nov 2021
Director ceased
CHANDRESH JAIN
25 Oct 2021
Director ceased
PASHUPATHY SHANKAR GOPALAN
06 Aug 2020
Incorporated
Registered with Roc Chennai
10
Key Observations
Auto-generated from the data aboveCompliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 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 2021 annual return.
| Company | CIN | Location |
|---|---|---|
| Greenko | U40109TG2003PTC041868 | Hyderabad, Telangana, India |
| Paschimgroup | U40109TG2006PTC051819 | Hyderabad, Telangana, India |
| Atria Brindavan Power | U40106KA2018PTC115262 | Bangalore, Karnataka, India |
| Ghodawat Ventures Private Limited | U74900MH1989PTC051168 | Mumbai City, Maharashtra, India |
| Ushdev Windpark Private Limited | U40300TN2012PTC088608 | Palayamkottai, Tamil Nadu, India |
| Renew Wind Energy (Ap Five) Private Limited | U40300DL2015PTC277531 | New Delhi, Delhi, India |
| Real Captive Power Private Limited | U40108MH2015PTC262777 | Mumbai, Maharashtra, India |
| Himachal Emta Power Limited | U40102HP2007PLC030601 | Shimla, Himachal Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Refex Sustainability Solutions Limited 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 Refex Sustainability Solutions Limited: 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 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Limited indicators at present. Growth score 50/100, margin trends, ownership structure and peer set for Refex Sustainability Solutions Limited - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Favourable indicators. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Refex Sustainability Solutions Limited 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 Refex Sustainability Solutions Limited - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Refex Sustainability Solutions Limited an active company?
Refex Sustainability Solutions Limited has MCA status “Active” with a compliance score of 100/100 (Low Risk).
Is Refex Sustainability Solutions Limited financially healthy?
Refex Sustainability Solutions Limited has a Financial Health Score of 10/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Refex Sustainability Solutions Limited?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Refex Sustainability Solutions Limited?
The ultimate holding entity is Broil Solar Energy Private Limited. 3 active director(s) are on record.
Does Refex Sustainability Solutions Limited have loans or charges against its assets?
1 open charge(s) are registered against its assets.
Is Refex Sustainability Solutions Limited 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 Refex Sustainability Solutions Limited?
Its Credit Risk Score is 40/100 (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.
