India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Khurshed Y Daruvala ₹1,000 Cr
Esterlina Solar Engineers Private Limited
Esterlina Solar Engineers Private Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company energy and power
Revenue · FY 2023
₹4.1 Lakh
▼ 99% YoY
Net profit · FY 2023
₹1.7 Lakh
Net margin 41.5%
EBITDA · FY 2023
-₹2.6 Lakh
EBITDA margin -63.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Active GSTINs
13
of 14 registered
About Esterlina Solar Engineers Private Limited
Data last updated:
Esterlina Solar Engineers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sterling And Wilson Renewable Energy Limited. It operates in the power epc segment of the energy and power sector. It was incorporated on 16 October 2018 and has been in existence for over 8 years.
Its director Khurshed Y Daruvala is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC315871. Its GSTIN is 27AAFCE2286E1ZP (Maharashtra). The company holds 14 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Zarine Yazdi Daruvala and Khurshed Yazdi Daruvala.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 9th Floor Universal Majestic P.L. Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043.
As per the financials filed for FY 2023, the company reported a revenue of ₹4.1 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹1.7 Lakh (net margin 41.5%) and EBITDA of -₹2.6 Lakh (EBITDA margin -63.4%). Revenue has declined at a compounded annual rate (CAGR) of 74% over three years.
Company details
CIN U74999MH2018PTC315871
Registration Number 315871
Incorporation Date 16 October 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Sterling And Wilson Renewable Energy Limited
Recognitions & Rankings of Esterlina Solar Engineers
Contact details
Esterlina Solar Engineers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9th Floor Universal Majestic P.L. Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Esterlina Solar Engineers Private Limited, buy the company report.
Comprehensive company report
Esterlina Solar Engineers Private Limited - one report that includes everything
- 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
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Financials of Esterlina Solar Engineers Private Limited
FY 2025 filings availableEsterlina Solar Engineers Private Limited reported revenue of ₹4.1 Lakh (down 99% YoY) for FY 2023.
Revenue · FY 2023
₹4.1 Lakh ▼ 99%
Net profit · FY 2023
₹1.7 Lakh margin 41.5%
EBITDA · FY 2023
-₹2.6 Lakh margin -63.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 74%
Revenue has declined at a compounded annual rate (CAGR) of 74% over three years, including a 99% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.1 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.7 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -63.4% | ||||
| Net Profit Margin | 41.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Esterlina Solar Engineers Private Limited, buy the company report.
Board of directors of Esterlina Solar Engineers Private Limited
Esterlina Solar Engineers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zarine Yazdi Daruvala | Director | 16 Oct 2018 | 8 Years 0 Months | Current |
| Khurshed Yazdi Daruvala | Director | 22 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Esterlina Solar Engineers Private Limited is audited by Kalyaniwalla & Mistry LLP, Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kalyaniwalla & Mistry LLP, Chartered Accountants | FY 2023 | 104607W / W100166 |
Shareholding
The shareholding of Esterlina Solar Engineers Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Esterlina Solar Engineers Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Esterlina Solar Engineers 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
Esterlina Solar Engineers Private Limited has 3 MSME Form 1 returns on record between 2021 and 2022, listing 6 overdue payments to 4 micro and small suppliers. 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MG Consulting Private Limited | |||
| an individual supplier | |||
| Kalyaniwalla & Mistry LLP | |||
| Cloudshore Logistics Private Limited |
To see the full MSME payment records of Esterlina Solar Engineers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Esterlina Solar Engineers has 14 GST registrations: 13 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
14
Active
13
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCE2286E1ZP | Maharashtra | Active | 28 Nov 2018 |
| 33AAFCE2286E1ZW | Tamil Nadu | Active | 01 Nov 2018 |
| 23AAFCE2286E1ZX | Madhya Pradesh | Active | 28 Nov 2018 |
| 07AAFCE2286E1ZR | Delhi | Active | 29 Nov 2018 |
To see the full GST registrations and return filing status of Esterlina Solar Engineers Private Limited, buy the company report.
Recent activity
Esterlina Solar Engineers Private Limited has 4 board changes on record since 2018: 2 appointments and 2 cessations. The latest: Khurshed Yazdi Daruvala ceased to be Additional Director on 12 Aug 2019.
AGM
Esterlina Solar Engineers Private Limited last Annual general meeting of members was held on 21 Aug 2025 as per latest MCA records.
Filing
Esterlina Solar Engineers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Khurshed Yazdi Daruvala ceased to be Additional Director.
Ceased
Kainaz Khurshed Daruvalla ceased to be Director.
Appointed
Khurshed Yazdi Daruvala was appointed as Director.
Appointed
Zarine Yazdi Daruvala was appointed as Director.
Incorporation
16 Oct 2018
Esterlina Solar Engineers Private Limited was registered on 16 Oct 2018 with Roc Mumbai & aged 8 years 7 days as per MCA records.
Frequently asked questions
Esterlina Solar Engineers is an active private limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 16 October 2018 (8+ years old) and is registered under CIN U74999MH2018PTC315871.
Esterlina Solar Engineers has 2 current directors:
- Zarine Yazdi Daruvala - Director
- Khurshed Yazdi Daruvala - Director
The latest financial statements of Esterlina Solar Engineers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Esterlina Solar Engineers is 27AAFCE2286E1ZP, registered in Maharashtra. The company has 14 GST registrations in all, of which 13 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAFCE2286E1ZW (Tamil Nadu), 23AAFCE2286E1ZX (Madhya Pradesh), 07AAFCE2286E1ZR (Delhi).
The CIN (Corporate Identification Number) of Esterlina Solar Engineers is U74999MH2018PTC315871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Esterlina Solar Engineers was incorporated on 16 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Khurshed Yazdi Daruvala ceased to be Additional Director on 12 Aug 2019. Kainaz Khurshed Daruvalla ceased to be Director on 22 Feb 2019. Khurshed Yazdi Daruvala was appointed as Director on 22 Feb 2019. Esterlina Solar Engineers has 4 board changes on record in total.
Esterlina Solar Engineers has 3 MSME Form 1 returns on record between 2021 and 2022, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 30 Apr 2022.
The registered office of Esterlina Solar Engineers is at 9th Floor Universal Majestic P.L. Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043.
Esterlina Solar Engineers operates in the energy and power industry, in the power epc segment.
Esterlina Solar Engineers can be reached at its registered office: 9th Floor Universal Majestic P.L. Lokhande Marg Chembur West, Mumbai, Maharashtra, India – 400043.