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Private company

Azure Power Global Ltd

Azure Power Global Ltd is an American electric services company, incorporated in California.1

Last updated Oct 21, 2026.

Overview

$252.4MRevenue, fiscal 20232
-$28.3MNet income, fiscal 20232
  • IndustryElectric Services1
  • HeadquartersCA1
  • Incorporated inCA3
  • Business address5Th Floor, Southern Park, D-Ii, Saket Place, Saket, New Delhi, K7 1100173
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

42.6%Operating margin2
-11.2%Net margin2
4.4%Revenue growth, 20232
-6.7%Return on equity2
3.27×Debt to equity2

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue9¢$22.2M
  • Other costs78¢$197.8M
  • Income tax13¢$32.4M

Out of $252.4M in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Kept or used elsewhere100¢$96.7M

Out of $96.7M of cash from operations.2

Financial statements

Revenue456782$252.4M in 2023+113% since 2018
0$100.0M$200.0M$300.0M2018: $118.3M$118.3M20182019: $143.5M$143.5M2019+21%2020: $171.9M$171.9M2020+20%2021: $208.3M$208.3M2021+21%2022: $241.7M$241.7M2022+16%2023: $252.4M$252.4M2023+4%
Operating income9456782$107.5M in 2023+255% since 2017
0$50.0M$100.0M$150.0M2017: $30.3M$30.3M20172018: $60.5M$60.5M2018+100%2019: $81.1M$81.1M2019+34%2020: $86.5M$86.5M2020+7%2021: $61.9M$61.9M2021−28%2022: $146.3M$146.3M2022+136%2023: $107.5M$107.5M2023−27%
Net income9456782-$28.3M in 2023+57% since 2017
-$60.0M-$40.0M-$20.0M0$20.0M2017: -$18.1M-$18.1M20172018: -$12.6M-$12.6M2018−30%2019: $1.1M$1.1M20192020: -$30.0M-$30.0M20202021: -$57.2M-$57.2M2021+91%2022: -$27.8M-$27.8M2022−51%2023: -$28.3M-$28.3M2023+2%
Fiscal year20162017201820192020202120222023
Revenue$118.3M4$143.5M5$171.9M6$208.3M7$241.7M8$252.4M2
Cost of revenue$10.6M4$12.6M5$15.2M6$17.2M7$21.0M8$22.2M2
Operating income$30.3M9$60.5M4$81.1M5$86.5M6$61.9M7$146.3M8$107.5M2
Interest$42.6M9$89.8M4$86.1M5$113.1M6$123.0M7
Income before tax-$10.5M8$4.1M2
Income tax$13.8M9-$3.9M4$2.2M5$6.5M6$4.0M7$17.3M8$32.4M2
Net income-$18.1M9-$12.6M4$1.1M5-$30.0M6-$57.2M7-$27.8M8-$28.3M2
Earnings per share$0.035-$0.706-$1.207-$0.558-$0.432
Earnings per share (diluted)$0.035-$0.706-$1.207-$0.558-$0.432
Shares (weighted, basic)50.9M shares264.2M shares2
Shares (weighted, diluted)50.9M shares264.2M shares2

Compare Azure Power Global Ltd with another company

Corporate structure

Azure Power Global Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Azure Power Global Ltd

  • Invesco Filed SC 13G/A on Azure Power Global Ltd, latest Feb 3, 2023 (2 filings since Feb 9, 2022)
  • OMERS ADMINISTRATION Corp Filed SC 13D/A on Azure Power Global Ltd, latest Feb 11, 2022 (3 filings since Dec 30, 2021)
  • CAISSE DE DEPOT ET PLACEMENT DU QUEBEC Filed SC 13D/A on Azure Power Global Ltd, latest Feb 9, 2022 (3 filings since Dec 27, 2021)
  • Azure Power Global Ltd CA

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Azure Power Global Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.9B2 Mar 31, 2023$1.8B8 Mar 31, 2022+3.5%
Accumulated depreciation$239.5M2 Mar 31, 2023$207.7M8 Mar 31, 2022+15.3%
Property and equipment, net$1.7B2 Mar 31, 2023$1.9B8 Mar 31, 2022−8.1%
Operating-lease assets (leased space)$52.9M2 Mar 31, 2023$58.9M8 Mar 31, 2022−10.2%

Real estate and locations

ItemLatestA year beforeChange
Area of land13,1632 Mar 31, 2023

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$154.7M2 Mar 31, 2023$247.7M8 Mar 31, 2022−37.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$200.0K2 Mar 31, 2023

Filings

92 filings to the SEC since October 2021: 2 annual reports, 8 large holders, 82 other. The latest 20:

  1. Apr 3, 202415-12G EDGAR
  2. Apr 1, 2024EFFECT EDGAR
  3. Mar 28, 202420-F ANNUAL REPORT EDGAR
  4. Mar 28, 20246-K EDGAR
  5. Mar 27, 2024POS AM POST EFFECTIVE AMENDMENT NO. 4 TO FORM F-3 EDGAR
  6. Mar 27, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  7. Mar 27, 2024S-8 POS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 EDGAR
  8. Mar 21, 20246-K EDGAR
  9. Mar 15, 20246-K EDGAR
  10. Mar 11, 20246-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Mar 4, 20246-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Feb 21, 20246-K EDGAR
  13. Feb 16, 20246-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Feb 9, 20246-K EDGAR
  15. Dec 8, 20236-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. Nov 28, 20236-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Nov 13, 20236-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  18. Nov 1, 20236-K EDGAR
  19. Oct 12, 202320-F ANNUAL REPORT EDGAR
  20. Oct 12, 20236-K EDGAR

The 92 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • InvescoSC 13G/A, 2 filings Feb 9, 2022 to Feb 3, 202310
  • OMERS ADMINISTRATION CorpSC 13D/A, 3 filings Dec 30, 2021 to Feb 11, 202211
  • De Depot Et Placement Du Quebec CaisseSC 13D/A, 3 filings Dec 27, 2021 to Feb 9, 202212

SEC filer profile

How Azure Power Global Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAzure Power Global Ltd1
  • CIK0001633438
  • Filer statusAccelerated filer1
  • Incorporated inCalifornia1
  • Fiscal year endsMarch 311
  • Industry code (SIC)4911 Electric Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address5Th Floor, Southern Park, D-Ii, Saket Place, Saket, New Delhi, K7 1100171
  • Mailing addressC/O Aaa Global Services Ltd., 4Th Floor, Iconebene, Rue De L Institut, Ebene, O4 000001
  • Phone23045432001
  • Shares outstanding64,166,360 as of Mar 31, 20232
  • On EDGAR sinceMar 6, 20151
  • Filings282 in all: 6-K (149), SC 13D/A (22), CORRESP (13), UPLOAD (12), 144 (11), F-1/A (8), 20-F (7), SC 13G/A (7)1
    All 32 form types

    EFFECT (6), SC 13G (5), DRSLTR (4), POS AM (4), SC 13D (4), 424B5 (3), F-3 (3), FWP (3), CT ORDER (2), DRS/A (2), NT 20-F (2), S-8 (2), S-8 POS (2), 15-12G (1), 25-NSE (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERTNYS (1), DRS (1), F-1 (1), NT 20-F/A (1), RW (1), RW WD (1)

  • Latest filingsAnnual report (20-F) Mar 28, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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