About Ind Renewable Solar Private Limited
Data last updated:
Ind Renewable Solar Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 15 February 2017.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC291215. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹33.85 Lakh. It was led by directors Varsha Jitendra Vakharia and Jitendra Kantilal Vakharia.
Its last annual general meeting (AGM) was held on 22 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at 67 6th Floor Regent Chambers 208 J Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.17 Lakh, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹2.27 Lakh (net margin 20.3%) and EBITDA of ₹5.21 Lakh (EBITDA margin 46.7%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 42% over five years.
The last known website on record is vakharia.in.
Company details
Contact details
Ind Renewable Solar Private Limited's registered office is in Mumbai, Maharashtra. Its website is vakharia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address67 6th Floor Regent Chambers 208 J Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Ind Renewable Solar 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
Business activity
The main business activity of Ind Renewable Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Ind Renewable Solar Private Limited, buy the company report.
Financials of Ind Renewable Solar Private Limited
FY 2024 filings availableInd Renewable Solar Private Limited reported revenue of ₹11.17 Lakh (up 18% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 18% growth in the latest year. EBITDA rose 4% 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 | ₹11.17 Lakh | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹5.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.27 Lakh | ||||
| Balance Sheet | |||||
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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 | 46.7% | ||||
| Net Profit Margin | 20.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Ind Renewable Solar Private Limited, buy the company report.
Board of directors of Ind Renewable Solar Private Limited
Ind Renewable Solar has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varsha Jitendra Vakharia Also directs: Vakharia Synthetics LLP, Ind Renewable Solar LLP, Everlon Financials Limited and 2 more | Director | 15 Feb 2017 | 9 Years 8 Months | As last reported |
| Jitendra Kantilal Vakharia Also directs: Vakharia Synthetics LLP, Ind Renewable Solar LLP, Everlon Financials Limited and 5 more | Director | 08 Aug 2018 | 8 Years 2 Months | As last reported |
Peer comparison
Ind Renewable Solar Private Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Calpine Subsico Solar Energy Private Limited | ₹11.5 Lakh (FY 2025) | 44.0% | Gurgaon, Haryana, India | |||
| Croceate Energy Private Limited | ₹11.34 Lakh (FY 2022) | -73.0% | Charkhi Dadri, Haryana, India | |||
| Enerparc Solar Power 4 Private Limited | ₹11.24 Lakh (FY 2025) | 23.0% | Bangalore, Karnataka, India | |||
| Ind Renewable Solar Private Limitedthis company | ₹11.17 Lakh (FY 2023) | ₹2.27 Lakh | 20.3% | 18.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ind Renewable Solar Private Limited, buy the company report.
Auditor
Ind Renewable Solar Private Limited is audited by K. S. MAHESHWARI &CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. S. MAHESHWARI &CO. | FY 2023 | 105846W |
Shareholding
The shareholding of Ind Renewable Solar Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ind Renewable Solar Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ind Renewable 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 Ind Renewable Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ind Renewable Solar has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ind Renewable Solar Private Limited, buy the company report.
Recent activity
Ind Renewable Solar Private Limited has 4 board changes on record since 2017: 2 appointments and 2 cessations. The latest: Jitendra Kantilal Vakharia ceased to be Additional Director on 27 Sep 2018.
Frequently asked questions
Ind Renewable Solar has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Ind Renewable Solar was a private limited company based in Mumbai, Maharashtra, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 15 February 2017 and is registered under CIN U74999MH2017PTC291215. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Ind Renewable Solar is U74999MH2017PTC291215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ind Renewable Solar had 2 directors:
- Varsha Jitendra Vakharia - Director
- Jitendra Kantilal Vakharia - Director
Ind Renewable Solar was incorporated on 15 February 2017. It is registered with the Registrar of Companies, Mumbai.
Ind Renewable Solar can be reached through the website vakharia.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ind Renewable Solar is at 67 6th Floor Regent Chambers 208 J Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021.
The latest financial statements of Ind Renewable Solar on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 22 July 2024. Year-wise statements from FY 2017 are in the company report.
No. Ind Renewable Solar has 1 GST registration on record and it is cancelled or inactive.
Ind Renewable Solar operated in the environment industry, in the solar energy solutions segment.
The peers of Ind Renewable Solar by revenue are Calpine Subsico Solar Energy Private Limited, Croceate Energy Private Limited, Enerparc Solar Power 4 Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).