About Enphase Solar Energy Private Limited
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Enphase Solar Energy Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Enphase Energy Inc.. It operates in the online electronics retail segment of the e-commerce sector. It was incorporated on 24 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017FTC104934. Its GSTIN is 29AAECM9636P1CU (Karnataka). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹1.05 Lakh. It is led by directors including Sunil Thamaran (Managing Director) and Partha Pratim Mandal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 'Indiqube Golf View Homes' Ward No. 73 Airport Nal Wind Tunnel Road Murugeshpalya, Bangalore, Karnataka, India – 560017.
As per the financials filed for FY 2024, the company reported a revenue of ₹913.26 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹82.66 Cr (net margin 9.1%) and EBITDA of ₹137.07 Cr (EBITDA margin 15%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 80% over five years.
The company has about 1,499 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Enphase Energy. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹17.6 Cr; the latest was in January 2022. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website www4.enphase.com.
Company details
Contact details
Enphase Solar Energy Private Limited's registered office is in Bangalore, Karnataka. Its website is www4.enphase.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address'Indiqube Golf View Homes' Ward No. 73 Airport Nal Wind Tunnel Road Murugeshpalya, Bangalore, Karnataka, India – 560017
- IndustryE-Commerce, Online Electronics Retail
To see the full contact details of Enphase Solar Energy 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
Brands
Enphase Solar Energy operates one associated brand: Enphase Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Micro-inverters and energy storage systems are manufactured for solar applications. | enphase.com |
Business activity
The main business activity of Enphase Solar Energy is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Enphase Solar Energy Private Limited, buy the company report.
Financials of Enphase Solar Energy Private Limited
FY 2025 filings availableEnphase Solar Energy Private Limited reported revenue of ₹913.26 Cr (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 80%. EBITDA fell 14% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Revenue | ₹913.26 Cr | ||||
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| EBITDA | ₹137.07 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹82.66 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15% | ||||
| Net Profit Margin | 9.1% | ||||
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To see the full financial statements and ratios of Enphase Solar Energy Private Limited, buy the company report.
Board of directors of Enphase Solar Energy Private Limited
Enphase Solar Energy has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Thamaran | Managing Director | 24 Jul 2017 | 9 Years 3 Months | Current |
| Partha Pratim Mandal | Director | 24 Jul 2017 | 9 Years 3 Months | Current |
| Ashish Kumar | Director | 23 Aug 2021 | 5 Years 2 Months | Current |
Auditor
Enphase Solar Energy Private Limited is audited by Rahul Agarwalla& Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rahul Agarwalla& Co | FY 2024 | 023451S |
Shareholding
The shareholding of Enphase Solar Energy Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Enphase Solar Energy Private Limited, buy the company report.
Deals & funding
Enphase Solar Energy Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹17.6 Cr; the latest was in January 2022.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round | ₹17.6 Cr | Investors: Emphase Energy International LLC |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Enphase Solar Energy Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Court case (CRL.P) | Filed against the company | Pending |
To see the full case history of Enphase Solar Energy Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Enphase Solar Energy Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sniper Systems & Solutions Private Limited |
To see the full MSME payment records of Enphase Solar Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Enphase Solar Energy Private Limited has a workforce of 1,499 employees on its EPFO records as of Jan 08, 2025, across 1 active EPFO establishment.
GST
Enphase Solar Energy has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECM9636P1CU | Karnataka | Active | 25 Jun 2017 |
| 29AAECE7259C1ZJ | Karnataka | Active | 28 Sep 2017 |
| 09AAECE7259C1ZL | Uttar Pradesh | Active | 05 Mar 2021 |
To see the full GST registrations and return filing status of Enphase Solar Energy Private Limited, buy the company report.
Recent activity
Enphase Solar Energy Private Limited has 4 board changes on record since 2017: 3 appointments and 1 cessation. The latest: Ashish Kumar was appointed as Director on 23 Aug 2021.
News
Frequently asked questions
Enphase Solar Energy is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in online electronics retail, within the e-commerce industry. It was incorporated on 24 July 2017 (9+ years old) and is registered under CIN U74999KA2017FTC104934.
Enphase Solar Energy has 3 current directors:
- Sunil Thamaran - Managing Director
- Partha Pratim Mandal - Director
- Ashish Kumar - Director
The latest financial statements of Enphase Solar Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Enphase Solar Energy is 29AAECM9636P1CU, registered in Karnataka. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAECE7259C1ZJ (Karnataka), 09AAECE7259C1ZL (Uttar Pradesh).
The CIN (Corporate Identification Number) of Enphase Solar Energy is U74999KA2017FTC104934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Enphase Solar Energy has 1 court case on record: 1 filed against it. 1 is pending.
Enphase Solar Energy was incorporated on 24 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Enphase Solar Energy has 1 deal on record (1 funding round), with disclosed funding of ₹17.6 Cr; the latest was in January 2022.
Ashish Kumar was appointed as Director on 23 Aug 2021. Badrinarayanan Kothandaraman ceased to be Additional Director on 28 Dec 2020. Partha Pratim Mandal was appointed as Director on 24 Jul 2017. Enphase Solar Energy has 4 board changes on record in total.
Enphase Solar Energy has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Enphase Solar Energy can be reached through the website www4.enphase.com. Its registered office is in Bangalore, Karnataka, India.
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