About FS India Solar Ventures Private Limited
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FS India Solar Ventures Private Limited is a foreign private limited company based in Sriperumbudur, Tamil Nadu, India, a subsidiary of First Solar Fe Holdings Pte. Ltd. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 16 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29308TN2020FTC178231. Its GSTIN is 33AAECF2865P1Z8 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹6,000 Cr and a paid-up capital of ₹3,106.85 Cr. It is led by directors including Sujoy Ghosh and Kuntal Kumar Verma.
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 Plot No. A – 1/1 And A – 1/2 Sipcot Industrial Park, Sriperumbudur, Tamil Nadu, India – 602105.
As per the financials filed for FY 2025, the company reported a revenue of ₹5,495.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹974.74 Cr (net margin -17.7%) and EBITDA of ₹61.73 Cr (EBITDA margin 1.1%).
The company has about 908 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 1 case is pending. The company has 3 deals on record (3 rights issues); the latest was in August 2021. Its 5 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Mundra Solar PV Limited with revenue of ₹6,488.37 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 374 overdue payments to 86 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website firstsolar.com.
Company details
CIN history
FS India Solar Ventures has one previous CIN (Corporate Identification Number): U29308DL2020FTC371690. The current CIN is U29308TN2020FTC178231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29308TN2020FTC178231 | Current |
| U29308DL2020FTC371690 | Previous |
Contact details
FS India Solar Ventures Private Limited's registered office is in Sriperumbudur, Tamil Nadu.
- Registered AddressPlot No. A – 1/1 And A – 1/2 Sipcot Industrial Park, Sriperumbudur, Tamil Nadu, India – 602105
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
Business activity
The main business activity of FS India Solar Ventures is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of FS India Solar Ventures Private Limited, buy the company report.
Financials of FS India Solar Ventures Private Limited
FY 2025 filings availableFS India Solar Ventures Private Limited reported revenue of ₹5,495.9 Cr (up 592% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 592% in the latest year. EBITDA rose 122% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹61.73 Cr | ||||
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| Net Profit (PAT) | -₹974.74 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | ||||
| Net Profit Margin | -17.7% | ||||
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To see the full financial statements and ratios of FS India Solar Ventures Private Limited, buy the company report.
Board of directors of FS India Solar Ventures Private Limited
FS India Solar Ventures has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujoy Ghosh Also directs: First Solar Power India Private Limited | Director | 16 Oct 2020 | 6 Years 0 Months | Current |
| Kuntal Kumar Verma | Director | 22 Apr 2021 | 5 Years 6 Months | Current |
| Rupa Vijay Also directs: First Solar Power India Private Limited | Director | 21 Jul 2022 | 4 Years 3 Months | Current |
Peer comparison
FS India Solar Ventures Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mundra Solar PV Limited | ₹6,488.37 Cr (FY 2025) | 99.0% | Ahmedabad, Gujarat, India | |||
| Kirloskar Oil Engines Limited | ₹6,395.71 Cr (FY 2025) | 8.0% | Pune, Maharashtra, India | |||
| Envision Energy India Private Limited | ₹6,048.48 Cr (FY 2025) | 18.0% | Bangalore, Karnataka, India | |||
| FS India Solar Ventures Private Limitedthis company | ₹5,495.9 Cr (FY 2025) | -₹974.74 Cr | -17.7% | 592.0% | Sriperumbudur, Tamil Nadu, India | |
| Toshiba Transmission & Distribution Systems (India) Private Limited | ₹4,497.5 Cr (FY 2025) | 11.0% | Rudraram Village, Telangana, India | |||
| Novateur Electrical & Digital Systems Private Limited | ₹4,436.71 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of FS India Solar Ventures Private Limited, buy the company report.
Deals & funding
FS India Solar Ventures Private Limited has 3 deals on record (3 rights issues); the latest was in August 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2021 | Rights issue | ₹184.83 Cr | Investors: First Solar FE Holdings Private Limited |
| Jun 2021 | Rights issue | ₹1.13 Cr | Investors: First Solar FE Holdings Private Limited |
| May 2021 | Rights issue | ₹6 Lakh | Investors: First Solar FE Holdings Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
FS India Solar Ventures Private Limited has 5 court cases on record: 1 filed by FS India Solar Ventures, 4 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 4 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Azure Power India Private Limited | Pending |
| High Court of Gujarat | Special civil application | Filed against the company by Goldi Solar Private Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Sprng Energy Private Limited | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of FS India Solar Ventures 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
FS India Solar Ventures Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 374 overdue payments to 86 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 (5 of 86)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Nexstarr Services | |||
| Blastline India Private Limited | |||
| K R Industries | |||
| an individual supplier |
To see the full MSME payment records of FS India Solar Ventures Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
FS India Solar Ventures has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECF2865P1Z8 | Tamil Nadu | Active | 17 Aug 2021 |
To see the full GST registrations and return filing status of FS India Solar Ventures Private Limited, buy the company report.
Recent activity
FS India Solar Ventures Private Limited has 7 board changes on record since 2020: 3 appointments and 4 cessations. The latest: Rupa Vijay ceased to be Additional Director on 30 Sep 2022.
News
Frequently asked questions
FS India Solar Ventures is an active foreign private limited company based in Sriperumbudur, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 16 October 2020 (6+ years old) and is registered under CIN U29308TN2020FTC178231.
FS India Solar Ventures has 3 current directors:
- Sujoy Ghosh - Director
- Kuntal Kumar Verma - Director
- Rupa Vijay - Director
The latest financial statements of FS India Solar Ventures 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 2021 are in the company report.
The GSTIN of FS India Solar Ventures is 33AAECF2865P1Z8, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of FS India Solar Ventures is U29308TN2020FTC178231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FS India Solar Ventures has 5 court cases on record: 1 filed by the company and 4 filed against it. 1 is pending.
FS India Solar Ventures was incorporated on 16 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
FS India Solar Ventures has 3 deals on record (3 rights issues); the latest was in August 2021.
The peers of FS India Solar Ventures by revenue are Mundra Solar PV Limited, Kirloskar Oil Engines Limited, Envision Energy India Private Limited, Toshiba Transmission & Distribution Systems (India) Private Limited, Novateur Electrical & Digital Systems Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Rupa Vijay ceased to be Additional Director on 30 Sep 2022. Rupa Vijay was appointed as Director on 21 Jul 2022. Chandan Jha ceased to be Company Secretary on 18 May 2022. FS India Solar Ventures has 7 board changes on record in total.
FS India Solar Ventures has 4 MSME Form 1 returns on record between 2023 and 2024, listing 374 overdue payments to 86 micro and small suppliers. The latest return was filed on 30 Apr 2024.
FS India Solar Ventures can be reached through the website firstsolar.com. Its registered office is in Sriperumbudur, Tamil Nadu, India.
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