Heatray Solar Private Limited

Heatray Solar Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74110MH2004PTC147797 Incorporated 30 July 2004 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company environment MSME · Micro
Revenue · FY 2025
₹3.02 Cr
▼ 46% YoY
Net profit · FY 2025
₹10.04 Lakh
Net margin 3.3%
EBITDA · FY 2025
₹33.71 Lakh
EBITDA margin 11.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered

About Heatray Solar Private Limited

Data last updated:

Heatray Solar Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 30 July 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74110MH2004PTC147797. Its GSTIN is 27AAECA9479J1Z2 (Maharashtra).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as A J Nutraceuticals Private Limited. It is led by directors Ajay Achyut Pendse and Himanshu Ajay Pendse.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2025, the company reported a revenue of ₹3.02 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹10.04 Lakh (net margin 3.3%) and EBITDA of ₹33.71 Lakh (EBITDA margin 11.2%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 4% over five years.

The company is associated with 1 brand: Heatray Solar. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.

Heatray Solar Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0046284). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website heatraysolar.com.

Company details

CIN U74110MH2004PTC147797
Registration Number 147797
Incorporation Date 30 July 2004
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0046284

CIN history

Heatray Solar has one previous CIN (Corporate Identification Number): U24230MH2004PTC147797. The current CIN is U74110MH2004PTC147797, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74110MH2004PTC147797Current
U24230MH2004PTC147797Previous
Key People
Ajay Achyut Pendse Director Himanshu Ajay Pendse Director

Recognitions & Rankings of Heatray Solar

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-19-0046284

Contact details

Heatray Solar Private Limited's registered office is in Mumbai, Maharashtra. Its website is heatraysolar.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    heatraysolar.com
  • Social Media
  • Registered Address
    108 Floor – 1 Unique Industrial Estate Swatantrya Veer Savarkar Marg Prabhadev, I, Mumbai, Maharashtra, India – 400025
  • Industry
    Environment, Clean Energy Solutions

To see the full contact details of Heatray Solar Private Limited, buy the company report.

Comprehensive company report
Heatray 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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Brands

Heatray Solar operates one associated brand: Heatray Solar. Each brand links to its own profile.

BrandDescriptionWebsite
Heatray Solar
Offers renewable energy products and services for efficient heating in industries and homes.heatraysolar.com

Business activity

The main business activities of Heatray Solar are trade and professional, scientific and technical. In detail, this covers wholesale trading and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
GTradeG1Wholesale Trading
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Heatray Solar Private Limited, buy the company report.

Financials of Heatray Solar Private Limited

FY 2025 filings available

Heatray Solar Private Limited reported revenue of ₹3.02 Cr (down 46% YoY) for FY 2025.

Revenue · FY 2025
₹3.02 Cr ▼ 46%
Net profit · FY 2025
₹10.04 Lakh margin 3.3%
EBITDA · FY 2025
₹33.71 Lakh margin 11.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 10%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 72%
3 years · compounded
▼ 41%
5 years · compounded
▼ 7%

Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 46% fall in the latest year. EBITDA fell 72% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹33.71 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹10.04 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin11.2%
Net Profit Margin3.3%
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 Heatray Solar Private Limited, buy the company report.

Board of directors of Heatray Solar Private Limited

Heatray Solar has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ajay Achyut PendseDirector15 Sep 20179 Years 1 MonthsCurrent
Himanshu Ajay PendseDirector31 Mar 200521 Years 7 MonthsCurrent
View all directors

Auditor

Heatray Solar Private Limited is audited by GADRE & BAL for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GADRE & BALFY 2023102893W

Shareholding

The shareholding of Heatray Solar 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Heatray Solar Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Heatray Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Heatray Solar has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAECA9479J1Z2MaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Heatray Solar Private Limited, buy the company report.

Recent activity

Heatray Solar Private Limited has 5 board changes on record since 2005: 2 appointments and 3 cessations. The latest: Vinayak Keshav Joshi ceased to be Director on 27 Jun 2023.

AGM
Heatray Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Heatray Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Vinayak Keshav Joshi ceased to be Director.
Ceased
Ajay Achyut Pendse ceased to be Additional Director.
Appointed
Ajay Achyut Pendse was appointed as Director.
Ceased
Ajit Achyut Pendse ceased to be Director.
Appointed
Himanshu Ajay Pendse was appointed as Director.
Incorporation
30 Jul 2004
Heatray Solar Private Limited was registered on 30 Jul 2004 with Roc Mumbai & aged 22 years 3 months as per MCA records.

Frequently asked questions

Heatray Solar is an active private limited company based in Mumbai, Maharashtra, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 30 July 2004 (22+ years old) and is registered under CIN U74110MH2004PTC147797.

Heatray Solar has 2 current directors:

The latest financial statements of Heatray 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 2015 are in the company report.

The GSTIN of Heatray Solar is 27AAECA9479J1Z2, registered in Maharashtra.

The CIN (Corporate Identification Number) of Heatray Solar is U74110MH2004PTC147797. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Heatray Solar has 1 court case on record: 1 filed by the company. 1 is pending.

Heatray Solar was incorporated on 30 July 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.

Vinayak Keshav Joshi ceased to be Director on 27 Jun 2023. Ajay Achyut Pendse ceased to be Additional Director on 29 Sep 2017. Ajay Achyut Pendse was appointed as Director on 15 Sep 2017. Heatray Solar has 5 board changes on record in total.

Yes, Heatray Solar is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0046284).

Heatray Solar can be reached through the website heatraysolar.com. Its registered office is in Mumbai, Maharashtra, India.