WAAREE Energies has announced the incorporation of ten new wholly-owned subsidiaries under Waaree Forever Energies Private Limited. This strategic move aims to facilitate and manage specific power projects under the Independent Power Producer (IPP) framework. The subsidiaries will focus on renewable energy initiatives. These incorporations reflect WAAREE Energies’ commitment to expanding its footprint and contributing to the renewable energy sector in India.
Subsidiary Expansion
WAAREE Energies has incorporated ten new wholly-owned subsidiaries. These entities fall under Waaree Forever Energies Private Limited, a wholly-owned subsidiary of WAAREE Energies. The incorporation certificates for all ten subsidiaries were received on December 23, 2025.
Strategic Objective
The primary purpose of establishing these subsidiaries is to facilitate and hold specific power projects within the Independent Power Producer (IPP) framework. This strategic move will allow WAAREE Energies to focus more effectively on specific renewable energy projects. WAAREE Forever Energies Private Limited holds 100% share capital of all the newly incorporated companies.
List of New Subsidiaries
The newly incorporated entities are:
- Lumina Greentech Private Limited (Incorporated: December 22, 2025)
- Prithvi Vayu Green Energy Private Limited (Incorporated: December 23, 2025)
- Tejas Urja Solutions Private Limited (Incorporated: December 23, 2025)
- Akash Agni Renewables Private Limited (Incorporated: December 23, 2025)
- Vayu Jal Energy Private Limited (Incorporated: December 23, 2025)
- Surya Prakriti Power Private Limited (Incorporated: December 23, 2025)
- Agni Prithvi Renewables Private Limited (Incorporated: December 23, 2025)
- Jal Vayu Urja Private Limited (Incorporated: December 23, 2025)
- NetZero Ventures Private Limited (Incorporated: December 23, 2025)
- Carbon Positive Energy Solutions Private Limited (Incorporated: December 23, 2025)
Business Operations
These companies are incorporated in India and registered with the Registrar of Companies, Mumbai, and are yet to commence business operations. As newly formed entities, their turnover is currently Nil.
Source: BSE