About Gensol Utilities Private Limited
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Gensol Utilities Private Limited is a foreign private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Gensol Engineering Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 12 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74120GJ2015FTC082558. Its GSTIN is 24AAVCS5413K1ZX (Gujarat). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹93.45 Lakh. It was formerly known as Solarig Gensol Utilities Private Limited. It is led by directors Jabirmahendi Mohammedraza Aga and Rajesh Kantilal Parmar.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹25.39 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹7.87 Lakh (net margin 0.3%) and EBITDA of ₹92.16 Lakh (EBITDA margin 3.6%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years and 17% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solarig Gensol. Court records list 11 cases involving the company, including 11 filed against it; 5 cases are pending. The company has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹92.4 Lakh; the latest was in September 2021. Its 3 peer companies in the Infrastructure industry (Power Projects), with the same principal business activity (other professional, scientific and technical activities) are compared by revenue, 1 larger and 2 smaller; the largest is Fitwell Power Projects Private Limited with revenue of ₹25.47 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solariggensol.com.
Company details
Name history
Gensol Utilities has undergone 2 name changes throughout its history. The company was previously known as Solarig Gensol Utilities Private Limited, and Gensol Utilities Private Limited. The current legal name is Gensol Utilities Private Limited.
| Company Name | Status |
|---|---|
| Gensol Utilities Private Limited | Current |
| Solarig Gensol Utilities Private Limited | Previous |
Contact details
Gensol Utilities Private Limited's registered office is in Ahmedabad, Gujarat. Its website is solariggensol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address15th Floor A Block, Westgate Business Bay S G Road, Ahmedabad, Gujarat, India – 380051
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Gensol Utilities 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
Gensol Utilities operates one associated brand: Solarig Gensol. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as an operations and maintenance provider for solar power projects. | solariggensol.com |
Business activity
The main business activity of Gensol Utilities is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Gensol Utilities Private Limited, buy the company report.
Financials of Gensol Utilities Private Limited
FY 2023 filings availableGensol Utilities Private Limited reported revenue of ₹25.39 Cr (up 352% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 352% growth in the latest year. EBITDA rose 180% 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 |
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| EBITDA | ₹92.16 Lakh | ||||
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| Net Profit (PAT) | ₹7.87 Lakh | ||||
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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 | 3.6% | ||||
| Net Profit Margin | 0.3% | ||||
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To see the full financial statements and ratios of Gensol Utilities Private Limited, buy the company report.
Board of directors of Gensol Utilities Private Limited
Gensol Utilities has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jabirmahendi Mohammedraza Aga | Additional Director | 28 Feb 2025 | 1 Years 8 Months | Current |
| Rajesh Kantilal Parmar Also directs: Gensol Green Energy Private Limited, Gensol Clean Energy Private Limited, Gridstor Energy Private Limited and 5 more | Additional Director | 28 Feb 2025 | 1 Years 8 Months | Current |
Peer comparison
Gensol Utilities Private Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Power Projects), with the same principal business activity (other professional, scientific and technical activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fitwell Power Projects Private Limited | ₹25.47 Cr (FY 2024) | 29.0% | Vadodara, Gujarat, India | |||
| Gensol Utilities Private Limitedthis company | ₹25.39 Cr (FY 2023) | ₹7.87 Lakh | 0.3% | 352.0% | 7 | Ahmedabad, Gujarat, India |
| Grun Umwelt Energy Private Limited | ₹24.28 Cr (FY 2025) | 110.0% | Jammu, Jammu and Kashmir, India | |||
| Enmas Minerals Private Limited | ₹24.17 Cr (FY 2025) | -33.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Gensol Utilities Private Limited, buy the company report.
Auditor
Gensol Utilities Private Limited is audited by KAMLESH BHOJANI & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KAMLESH BHOJANI & ASSOCIATES | FY 2022 | 119808 |
Shareholding
The shareholding of Gensol Utilities 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Gensol Utilities Private Limited, buy the company report.
Deals & funding
Gensol Utilities Private Limited has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹92.4 Lakh; the latest was in September 2021.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Acquisition | ₹3.35 Cr | Buyer: Gensol Engineering Limited |
| May 2017 | Funding round | ₹62.3 Lakh | Investors: Solarig N.gage Sa, Gensol Engineering Limited |
| Jul 2015 | Funding round | ₹30.1 Lakh | Investors: Solarig N.gage Sa, Gensol Engineering Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Gensol Utilities Private Limited has 11 court cases on record: 11 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 10 | 10 | 4 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by Blu Smart Fleet Private Limited and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Company appeal | Filed against the company by an individual | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Gensol Utilities 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
No delayed payments to MSME suppliers are on our record for Gensol Utilities Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Gensol Utilities Private Limited has a workforce of 7 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Gensol Utilities has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAVCS5413K1ZX | Gujarat | Active | 01 Jul 2017 |
| 29AAVCS5413K1ZN | Karnataka | Active | 05 Feb 2018 |
| 27AAVCS5413K1ZR | Maharashtra | Active | 17 Nov 2022 |
To see the full GST registrations and return filing status of Gensol Utilities Private Limited, buy the company report.
Recent activity
Gensol Utilities Private Limited has 8 board changes on record since 2021: 2 appointments and 6 cessations. The latest: Anmol Singh Jaggi ceased to be Director on 28 Feb 2025.
Frequently asked questions
Gensol Utilities is an active foreign private limited company based in Ahmedabad, Gujarat, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 12 March 2015 (11+ years old) and is registered under CIN U74120GJ2015FTC082558.
Gensol Utilities has 2 current directors:
- Jabirmahendi Mohammedraza Aga - Additional Director
- Rajesh Kantilal Parmar - Additional Director
The latest financial statements of Gensol Utilities on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Gensol Utilities is 24AAVCS5413K1ZX, registered in Gujarat. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 29AAVCS5413K1ZN (Karnataka), 27AAVCS5413K1ZR (Maharashtra).
The CIN (Corporate Identification Number) of Gensol Utilities is U74120GJ2015FTC082558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gensol Utilities has 11 court cases on record: 11 filed against it. 5 are pending. Most are in the nclat.
Gensol Utilities was incorporated on 12 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Gensol Utilities has 3 deals on record (2 funding rounds, 1 acquisition), with disclosed funding of ₹92.4 Lakh; the latest was in September 2021.
The peers of Gensol Utilities by revenue are Fitwell Power Projects Private Limited, Grun Umwelt Energy Private Limited, Enmas Minerals Private Limited, all in the Infrastructure industry (Power Projects), with the same principal business activity (other professional, scientific and technical activities).
Anmol Singh Jaggi ceased to be Director on 28 Feb 2025. Jabirmahendi Mohammedraza Aga was appointed as Additional Director on 28 Feb 2025. Puneet Singh Jaggi ceased to be Director on 28 Feb 2025. Gensol Utilities has 8 board changes on record in total.
Gensol Utilities can be reached through the website solariggensol.com. Its registered office is in Ahmedabad, Gujarat, India.
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