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Waaree Energies Ltd
602 Western Express Highway
Phone: +91 2266444444p:+91 2266444444 MUMBAI, 400066  India Ticker: WAAREEENERWAAREEENER
Business Summary
Waaree Energies Limited is an India-based renewable energy company. The Company is primarily engaged in the business of manufacturing of solar Photo-voltaic modules and solar cells, setting up of projects in solar space and the sale of electricity. The Company’s operating segments include Solar Photovoltaic Modules, Generation of Power, and Engineering, procurement and construction (EPC) contract. Its manufacturing plants are located in Tumb, Nandigram, Chikhli and Surat, Gujarat State, India. Its By Products include PV Modules, Inverter, Solar Kits, BESS and Electrolyzer Stacks. The PV Modules include HJT Module, N Type Module, Mono PERC, Flexible and Special Module. Its By Applications include Rooftop Solar, Flexible Solar, Small Modules, Special Modules, Energy Storage and Green Hydrogen. The Company’s solutions include EPC, Energy Storage and Green Hydrogen (Alkaline Electrolysers Turnkey).

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20253/31/2025Yes----

Industries
SIC Code Description
3674 Semiconductors and related devices
3691 Storage batteries
3561 Pumps and pumping equipment
3612 Power, distribution, and specialty transformers

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, Managing Director Hitesh C.Doshi 57 2/16/2007
Chief Executive Officer, Whole-Time Director Amit A.Paithankar 12/23/2024 3/1/2024
Chief Executive Officer JigneshRathod 5/16/2026 12/29/2025
8 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Enel Green Power India Pvt Ltd Thigalarapalya, Hoodi Karnataka India
Waaree Solar Americas Inc. 2439 Discovery Hills Pkwy. Brookshire TX United States
Kotsons Overseas Private Limited UPSIDC Sikandra Agra Uttar Pradesh India

Business Names
Business Name
Enel Green Power India Pvt Ltd
Kotsons Overseas Private Limited
Waaree Renewable Energies Australia PTY Limited
Waaree Solar Americas Inc.
WAAREEENER

General Information
Number of Employees: 2,512 (As of 3/31/2024)
Outstanding Shares: 287,640,905 (As of 9/30/2025)
Stock Exchange: NSE


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Friday, January 16, 2026