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  2. WAAREE ENERGIES LIMITED.
COMPANY NAME WAAREE ENERGIES LIMITED.
NATURE OF BUSINESS RENEWABLE ENERGY
ISIN NO INE136D01018
FACE VALUE Rs.10/-
PROMOTERS Hitesh Chimanlal Doshi
COMPANY WEBSITE www.waaree.com
YEAR OF EASTBLISHMENT 1989
REGISTERED ADDRESS 602, Western Edge-I, Off Western Express Highway, Borivali (E), Mumbai - 400066


BOARD OF DIRECTORS

Mr.Hitesh Chimanlal Doshi (Chairman and Managing Director )
Mr.Hitesh Pranjivan Mehta ( Whole-time Director & CFO)
Mrs. Richa Manoj Goyal ( DIndependent Director )

Waaree Energies Limited founded in 1989, with headquarters in Mumbai, India. Waaree has India's largest aggregate installed capacity of 12GW as of June 30, 2023 at its plants in Chikhli, Surat, Tumb and Nandigram in Gujarat and is a top player in the solar module export for Fiscal 2023.

As of June 30, 2023, the total number of customers served by Waaree were 407 in India and 20 outside India. The Company has supplied more than 6GW of solar modules and commissioned more than 1.1GW solar EPC projects.

Companies Vision is to provide high quality and cost effective sustainable energy solutions across all the markets, reducing carbon foot print - paving way for sustainable energy thereby improving quality of present and future human life. By virtue of its commitment to the stakeholders, it strive for continuous improvement in the quality of our products & services.

Waaree has developed a range of single and three phase inverters with focus on quality, reliability and efficiency.The Solar Inverter helps to convert the direct current (DC) from the solar panels into alternating current (AC) which is used by domestic and commercial appliances. An inverter is one of the most significant components in the solar system.

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Financial Analysis ( ALL IN CR )

PARTICULARS 2022-23 2021-22 2020-21
REVENUE 6840 2950 1997
PAT 501 79 47
EPS 20.59 4.01 23.85

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