Renon India Private Limited

Business Overview

• Renon India Pvt Ltd (brand "Renon") is a Surat, Gujarat-based manufacturer of advanced lithium-ion battery packs and Battery Management Systems (BMS), positioning itself as an "Energy Storage Design & Development Company" with a stated commitment to a sustainable/EV-linked energy future.
• Site sections cover BMS platform, products, careers, and team, indicating in-house design + manufacturing rather than pure trading.
• Recognised as a DPIIT-registered startup, per TheCompanyCheck.
• Employs roughly ~14 people per available filings.
• Source: official site renon.in (about-us copy), TheCompanyCheck.

Sector & Classification

Manufacture of batteries / electrical & storage equipment — lithium-ion battery packs and Battery Management Systems (BMS), described on own site as an "Energy Storage Design & Development Company". Registry NIC tags (Tofler): Electrical equipment, General & Special purpose Machinery/equipment, Transport equipment, Manufacturing of Battery. (confirmed)

Directors & Key Management

GST Registrations

Primary GSTIN number not obtained — no source checked (Tofler GST tab, TheCompanyCheck) disclosed an actual GSTIN string; TheCompanyCheck notes GST compliance data exists but is paywalled. PAN (home for GST) confirmed as AAJCR8776N; home state inferred as Gujarat (registered address state) but not independently verified via a GSTIN record. Status: partial — treat GSTIN count/state/status as "not obtained" for publish purposes.

Financials

• Two different fiscal years surfaced, not directly comparable — flagged as a gap, not a conflict:
• FY2024-25, TheCompanyCheck: Revenue ₹17.64 Cr (+13% YoY). EBITDA/PAT locked (premium).
• FY2023-24 (Tofler): Revenue band ₹10–25 Cr, Tofler shows –14.31% YoY for this year, i.e. before the FY25 recovery
• EBITDA, PAT, Net Worth and Total Borrowings all shown as "data locked", Tofler Pro paywall, but derived ratios given: Debt-to-Equity 2.07, Gross Margin –10.02%, Operating Margin –6.81%, Net Profit Margin –9.9%, ROE –51.27% (as of Mar 2024) — implying a loss-making FY23-24 despite a revenue recovery in FY24-25.
• Standalone entity-level figures, no consolidation mentioned; company has no disclosed subsidiaries. Exact EBITDA/PAT/net worth/borrowings values: not obtained (paywalled).

Funding History

• Not obtained / none found in the sources checked, Tofler, TheCompanyCheck did not list any funding rounds; a direct Tracxn company-page fetch could not be resolved without a working URL/slug, and web search was unavailable this session.
• Company is DPIIT-recognised as a startup, which does not itself imply external funding.

Shareholding

• Partial — Tofler lists Vineet Kumar Vinod Kumar Mittal (DIN 06452834) and Aditya Vikram (DIN 03222180) as both directors and shareholders, but no shareholding percentage breakdown, other shareholders, or promoter/public split was available, TheCompanyCheck explicitly paywalls "Promoter, institutional, public, and beneficial ownership values".
• No third-party or institutional shareholder disclosed.

Loans & Charges

• Confirmed via cross-check of Tofler + TheCompanyCheck, same underlying charge, minor amount/lender-label variance:
• Charge 1: Lender State Bank of India, per Tofler; TheCompanyCheck lists lender as "Others", amount ₹12.0 Cr (Tofler) / ₹11.97 Cr, TheCompanyCheck, created 14 Feb 2022 (Tofler) / shown dated 09 Jun 2020, TheCompanyCheck, — status Open.
• Date discrepancy between sources noted as a gap.
• Charge 2, TheCompanyCheck only: ₹1 Cr, lender "Others", created 26 May 2023, Satisfied 24 Jul 2024.
• Total open charge exposure ≈ ₹12 Cr.

Related Parties

• Partial — single-source (Tofler) only: common-director linkages to Litron Energy Storage LLP, 2 common directors, Navitas Green Solutions Private Limited, and Navitas Solar Private Limited. Not independently corroborated by a second source
• Treat as indicative group/promoter-network links rather than confirmed corporate group structure.

Competitive Landscape

• Named peers in the Indian lithium-ion battery pack / BMS / energy-storage manufacturing space, rough scale tags, not verified financials for each:
• 1. Exicom Tele-Systems — mid/large, listed, EV charging + battery/BMS manufacturer.
• 2. Amara Raja Energy & Mobility, incl. Amara Raja Advanced Cell Technologies, — large, listed group, moving into li-ion cells.
• 3. Exide Industries — large, listed, legacy lead-acid + expanding li-ion.
• 4. Log9 Materials — mid-size, VC-funded, li-ion cells and battery packs.
• 5. Livguard Energy Technologies — mid/large, batteries incl. li-ion for EV/storage.
• 6. Neuron Energy — small/mid, li-ion battery pack and BMS manufacturer, comparable scale to Renon.
• Renon India itself appears to be a small-scale player, ~₹17-18 Cr revenue, ~14 employees, relative to most of the above.

Frequently Asked Questions