Azure Power Global Limited

OTCPK:AZRE.F Stock Report

Market Cap: US$64.2m

Azure Power Global Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Sunil Gupta

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure2.8yrs
CEO ownershipn/a
Management average tenure2.6yrs
Board average tenure2.3yrs

Recent management updates

Recent updates

Seeking Alpha • Feb 16

Azure Power receives NYSE grant of extension FOR delayed filing of annual report

Azure Power Global (NYSE:AZRE) said it had received a letter the New York Stock Exchange stating that it had agreed to provide the Company with an additional trading period through July 15, subject to reassessment on an ongoing basis, to complete and file the Company's annual report on Form 20-F. The NYSE notified the company that it would closely monitor the Company's progress with the milestones and timing submitted to the NYSE. Failure to achieve these interim milestones could result in accelerated trading suspension prior to the end of the July 15. Press Release
Seeking Alpha • Mar 10

Assured Growth With Azure

Q3 2022 was a big Quarter for Azure who beat on both Revenue and EPS. We also got great news on their MW capacity build and Plant Load Factors that should lead to estimate beating results. The Indian renewable market hasn't been without its difficulties, however  remedies are underway and Azure is positioned to ride the renewable wave.
Analysis Article • Dec 07

Azure Power Global (NYSE:AZRE) Hasn't Managed To Accelerate Its Returns

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Aug 21

Azure Power Global (NYSE:AZRE) Shareholders Will Want The ROCE Trajectory To Continue

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • May 08

Azure Power Global (NYSE:AZRE) Might Have The Makings Of A Multi-Bagger

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Feb 27

What Type Of Shareholders Own The Most Number of Azure Power Global Limited (NYSE:AZRE) Shares?

The big shareholder groups in Azure Power Global Limited ( NYSE:AZRE ) have power over the company. Large companies...
Analysis Article • Jan 23

What Do The Returns At Azure Power Global (NYSE:AZRE) Mean Going Forward?

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article • Jul 12

What We Make Of Azure Power Global's (NYSE:AZRE) Returns On Capital

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
Analysis Article • Jun 16

Azure Power Global Limited (NYSE:AZRE) Analysts Are Cutting Their Estimates: Here's What You Need To Know

It's been a good week for Azure Power Global Limited (NYSE:AZRE) shareholders, because the company has just released...

CEO Compensation Analysis

How has Sunil Gupta's remuneration changed compared to Azure Power Global's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2025n/an/a

-₹3b

Mar 31 2024₹32m₹30m

-₹3b

Compensation vs Market: Insufficient data to establish whether Sunil's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Sunil's compensation with company performance.

CEO

Sunil Gupta (62 yo)

2.8yrs
Tenure
₹31,892,130
Compensation

Mr. Sunil Kumar Gupta is Chief Executive Officer of Azure Power Global Limited since July 10, 2023. He is Chief Executive Officer of Azure Power Energy Ltd since July 10, 2023. He is Managing Director & Ch...

Leadership Team

NamePositionTenureCompensationOwnership
Sunil Gupta
Chief Executive Officer2.8yrs₹31.89mno data
Rajat Gupta
Chief Financial Officerless than a yearno datano data
Vikas Bansal
Head of Investor Relationsno datano datano data
Vijay Wadhwani
Chief Compliance & Ethics Officer2.3yrsno datano data
Praveen Singh
General Counsel2.3yrsno datano data
Shweta Srivastava
Chief Human Resource Officer3.7yrsno datano data
Preet Sandhu
Executive VP and Head of Landno datano datano data
Samitla Subba
VP of Corporate Affairs of Policy & Communications and Head of Policy & Communicationsno datano datano data
Gaurang Sethi
VP & Head of Bidding7.3yrsno datano data
Kuldeep Jain
Senior VP of Project Development & Construction and Head of Constructionno datano datano data
Kapil Kumar
Senior GM and Head of Operations & Maintenanceno datano datano data
Sarvesh Singh
Head of Supply Chain Managementno datano datano data
2.6yrs
Average Tenure
49yo
Average Age

Experienced Management: AZRE.F's management team is considered experienced (2.6 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Payette
Lead Independent Director2.8yrsno datano data
Julian Suresh Gratiaen
Non-Executive Nominee Director1.8yrsno datano data
Brijesh Mehra
Non-Executive Chairman2yrsno datano data
Jean-Francois Boisvenu
Independent Non-Executive Director3.3yrsno datano data
Khalid Peyrye
Independent Director11.3yrsno datano data
Philippe Wind
Nominee Director2.6yrsno datano data
Pratibha Bajaj
Non-Executive Nominee Director1.6yrsno datano data
Kamnee Dhotah-Matabudul
Independent Directorless than a yearno datano data
2.3yrs
Average Tenure

Experienced Board: AZRE.F's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/10 03:47
End of Day Share Price 2026/05/07 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Azure Power Global Limited is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Moses SuttonBarclays
Moses SuttonBarclays
Akil MarshBrean Capital Historical (Janney Montgomery)