Waaree Energies has announced the incorporation of eight new wholly-owned step-down subsidiaries through its subsidiary, Waaree Forever Energies Private Limited. This move aims to bolster its presence in the renewable energy sector by facilitating and holding specific power projects. The Certificates of Incorporation for all eight entities were received on January 16, 2026.
Subsidiary Expansion
Waaree Energies, a key player in the renewable energy sector, has expanded its corporate structure by incorporating eight new wholly-owned subsidiaries. These entities were established through Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies.
Purpose of Incorporation
The newly formed subsidiaries are intended to support and manage specific power projects within the Independent Power Producer (IPP) framework, furthering Waaree Energies’ strategic initiatives in the renewable energy market.
New Subsidiaries’ Details
The Certificates of Incorporation for all eight subsidiaries were received on January 16, 2026. The names and dates of incorporation for each subsidiary are listed below:
| Name of the Incorporated Entities | Date of Incorporation |
| Positive Impact Renewables Private Limited | January 13, 2026 |
| Green Shift Power Ventures Private Limited | January 13, 2026 |
| Carbon Xcelerate Energy Private Limited | January 13, 2026 |
| Future Grid Energy Private Limited | January 13, 2026 |
| Clean Edge Energy Private Limited | January 15, 2026 |
| Future Volt Energy Private Limited | January 15, 2026 |
| Green Rise Projects Private Limited | January 15, 2026 |
| Blue Leaf Power Private Limited | January 15, 2026 |
Source: BSE
