MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0142542
Happy Solar Private Limited
Happy Solar Private Limited - environment in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.88 Cr
▼ 52% YoY
Net profit · FY 2024
₹6.02 Lakh
Net margin 1%
EBITDA · FY 2024
₹6.25 Lakh
EBITDA margin 1.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Happy Solar Private Limited
Data last updated:
Happy Solar Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 23 October 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2020PTC117615. Its GSTIN is 24AAFCH5068P1Z3 (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Chirag Ashok Patel and Vibhv Ishankumar Shah.
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 Gandhinagar, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.88 Cr, a decline of 52% compared to the previous year. For the same year it recorded a net profit of ₹6.02 Lakh (net margin 1%) and EBITDA of ₹6.25 Lakh (EBITDA margin 1.1%). Revenue has grown at a compounded annual rate (CAGR) of 499% over three years.
Happy Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0142542).
Company details
CIN U74999GJ2020PTC117615
Registration Number 117615
Incorporation Date 23 October 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0142542
Recognitions & Rankings of Happy Solar
Contact details
Happy Solar Private Limited's registered office is in Gandhinagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMahakali Farm, Sr No 793/5/2, Gandhinagar, Gujarat, India – 382481
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Happy Solar Private Limited, buy the company report.
Comprehensive company report
Happy Solar 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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Secure checkout · GST invoice included
Business activity
The main business activity of Happy Solar is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Happy Solar Private Limited, buy the company report.
Financials of Happy Solar Private Limited
FY 2025 filings availableHappy Solar Private Limited reported revenue of ₹5.88 Cr (down 52% YoY) for FY 2024.
Revenue · FY 2024
₹5.88 Cr ▼ 52%
Net profit · FY 2024
₹6.02 Lakh margin 1%
EBITDA · FY 2024
₹6.25 Lakh margin 1.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 52%
3 years · compounded
▲ 499%
EBITDA CAGR growth
1 year
▲ 403%
3 years · compounded
▲ 188%
Revenue fell 52% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 499%. EBITDA rose 403% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹6.25 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹6.02 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.1% | |||
| Net Profit Margin | 1% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Happy Solar Private Limited, buy the company report.
Board of directors of Happy Solar Private Limited
Happy Solar has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chirag Ashok Patel Also directs: Greon Nexus Private Limited | Director | 25 May 2023 | 3 Years 5 Months | Current |
| Vibhv Ishankumar Shah | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
Auditor
Happy Solar Private Limited is audited by VIRAL PRAKASHBHAI SHAH for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIRAL PRAKASHBHAI SHAH | FY 2023 | 165700 |
Shareholding
The shareholding of Happy Solar Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Happy Solar Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Happy Solar 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 Happy Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Happy Solar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCH5068P1Z3 | Gujarat | Active | 03 Nov 2020 |
To see the full GST registrations and return filing status of Happy Solar Private Limited, buy the company report.
Recent activity
Happy Solar Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Nishant Vrajlal Thacker ceased to be Director on 04 Jul 2023.
AGM
Happy Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Happy Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Nishant Vrajlal Thacker ceased to be Director.
Appointed
Chirag Ashok Patel was appointed as Director.
Appointed
Vibhv Ishankumar Shah was appointed as Director.
Incorporation
23 Oct 2020
Happy Solar Private Limited was registered on 23 Oct 2020 with Roc Ahmedabad & aged 6 years 22 days as per MCA records.
Frequently asked questions
Happy Solar is an active private limited company based in Gandhinagar, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 23 October 2020 (6+ years old) and is registered under CIN U74999GJ2020PTC117615.
Happy Solar has 2 current directors:
- Chirag Ashok Patel - Director
- Vibhv Ishankumar Shah - Director
The latest financial statements of Happy Solar 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 Happy Solar is 24AAFCH5068P1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Happy Solar is U74999GJ2020PTC117615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Happy Solar was incorporated on 23 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nishant Vrajlal Thacker ceased to be Director on 04 Jul 2023. Chirag Ashok Patel was appointed as Director on 25 May 2023. Vibhv Ishankumar Shah was appointed as Director on 23 Oct 2020.
Yes, Happy Solar is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0142542).
The registered office of Happy Solar is at Mahakali Farm, Sr No 79352, Gandhinagar, Gujarat, India – 382481.
Happy Solar operates in the environment industry, in the solar energy solutions segment.
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