Afford Solar Solutions Private Limited
About Afford Solar Solutions Private Limited
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Afford Solar Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 27 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40300TG2013PTC087960.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kalyani Gade and Seetha Ram Rao Gade.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Unit 115 Sunny Palace H. No 3 – 6 – 728 Himayath Nager, Hyderabad, Telangana, India – 500029.
As per the financials filed for FY 2023, the company reported a revenue of ₹64,300, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹200 (net margin -0.3%) and EBITDA of ₹40,300 (EBITDA margin 62.7%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 28% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Afford Solar Solutions has one previous CIN (Corporate Identification Number): U40300AP2013PTC087960. The current CIN is U40300TG2013PTC087960, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300TG2013PTC087960 | Current |
| U40300AP2013PTC087960 | Previous |
Contact details
Afford Solar Solutions Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit 115 Sunny Palace H. No 3 – 6 – 728 Himayath Nager, Hyderabad, Telangana, India – 500029
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Afford Solar Solutions Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Afford Solar Solutions Private Limited
FY 2023 filings availableAfford Solar Solutions Private Limited reported revenue of ₹64,300 (down 50% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 50% fall in the latest year. EBITDA fell 50% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | ₹40,300 | ||||
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| Net Profit (PAT) | -₹200 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | 62.7% | ||||
| Net Profit Margin | -0.3% | ||||
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To see the full financial statements and ratios of Afford Solar Solutions Private Limited, buy the company report.
Board of directors of Afford Solar Solutions Private Limited
Afford Solar Solutions has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kalyani Gade | Director | 27 May 2013 | 13 Years 5 Months | Current |
| Hariharan Chandra Shekar | Additional Director | 14 Oct 2024 | 2 Years 0 Months | Current |
| Seetha Ram Rao Gade Also directs: Gargeyasa Enterprises Private Limited, Gargeyasa Power Solutions Private Limited, Raymek Clean Energy Private Limited and 5 more | Director | 20 Feb 2016 | 10 Years 8 Months | Current |
Auditor
Afford Solar Solutions Private Limited is audited by PADMALA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PADMALA & ASSOCIATES | FY 2018 | 012986S |
Shareholding
The shareholding of Afford Solar Solutions Private Limited is on record for 5 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Afford Solar Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Afford Solar Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Afford Solar Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Afford Solar Solutions Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Afford Solar Solutions Private Limited has 5 board changes on record since 2013: 3 appointments and 2 cessations. The latest: Hariharan Chandra Shekar was appointed as Additional Director on 14 Oct 2024.
Frequently asked questions
Afford Solar Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 27 May 2013 (13+ years old) and is registered under CIN U40300TG2013PTC087960.
Afford Solar Solutions has 3 current directors:
- Kalyani Gade - Director
- Hariharan Chandra Shekar - Additional Director
- Seetha Ram Rao Gade - Director
The latest financial statements of Afford Solar Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Afford Solar Solutions is U40300TG2013PTC087960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afford Solar Solutions was incorporated on 27 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Hyderabad.
Hariharan Chandra Shekar was appointed as Additional Director on 14 Oct 2024. Venkat Utthejh Gargey Gade ceased to be Additional Director on 15 Mar 2020. Swarnalatha Gade ceased to be Director on 28 Feb 2016. Afford Solar Solutions has 5 board changes on record in total.
The registered office of Afford Solar Solutions is at Unit 115 Sunny Palace H. No 3 – 6 – 728 Himayath Nager, Hyderabad, Telangana, India – 500029.
Afford Solar Solutions operates in the business outsourcing industry, in the business and IT consulting segment.
The compliance status of Afford Solar Solutions is compliant as of 01 July 2026. The company is actively filing with the Registrar of Companies.
Afford Solar Solutions can be reached at its registered office: Unit 115 Sunny Palace H. No 3 – 6 – 728 Himayath Nager, Hyderabad, Telangana, India – 500029.