About MNR Solar Energy Private Limited
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MNR Solar Energy Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Sunren Power Private Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 08 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40106KA2016PTC094810. Its GSTIN is 29AAKCM4572C1ZB (Karnataka).
The company has an authorised share capital of ₹1.27 Cr and a paid-up capital of ₹1.15 Cr. It is led by directors Sanjeev Shankar Chougale and Ishwar V Hegde.
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 Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.14 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹74.2 Lakh (net margin 23.6%) and EBITDA of ₹2.5 Cr (EBITDA margin 79.6%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 15% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunfanenergy.com.
Company details
Contact details
MNR Solar Energy Private Limited's registered office is in Bengaluru, Karnataka. Its website is sunfanenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.49 Euphoria Nest Apartment 2nd Floor 4th Cross Bhupasandra Main Road Rmv 2N, D Stage, Bengaluru, Karnataka, India – 560094
- IndustryEnergy, Electric Power Generation
To see the full contact details of MNR Solar Energy 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 MNR Solar Energy 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 MNR Solar Energy Private Limited, buy the company report.
Financials of MNR Solar Energy Private Limited
FY 2025 filings availableMNR Solar Energy Private Limited reported revenue of ₹3.14 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 7% growth in the latest year. EBITDA rose 166% 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 | ₹2.5 Cr | ||||
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| Net Profit (PAT) | ₹74.2 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 79.6% | ||||
| Net Profit Margin | 23.6% | ||||
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To see the full financial statements and ratios of MNR Solar Energy Private Limited, buy the company report.
Board of directors of MNR Solar Energy Private Limited
MNR Solar Energy 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 |
|---|---|---|---|---|
| Sanjeev Shankar Chougale Also directs: Sunfan Jath Energy Private Limited, Rangadhol Solar Power Private Limited, Gavi Ranga Solars Private Limited and 5 more | Director | 26 Sep 2024 | 2 Years 1 Months | Current |
| Ishwar V Hegde Also directs: Citisolve LLP, Sunfan Jath Energy Private Limited, Sunfan Ananthapur Energy Private Limited and 5 more | Director | 08 Jul 2016 | 10 Years 3 Months | Current |
Peer comparison
MNR Solar Energy Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Luxra Solar India Private Limited | ₹3.21 Cr (FY 2025) | -38.0% | Pune, Maharashtra, India | |||
| Vikramaditya Renewable Energy Private Limited | ₹3.2 Cr (FY 2024) | Bangalore, Karnataka, India | ||||
| Sunstrength Solar Private Limited | ₹3.18 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India | |||
| MNR Solar Energy Private Limitedthis company | ₹3.14 Cr (FY 2025) | ₹74.2 Lakh | 23.6% | 7.0% | Bengaluru, Karnataka, India | |
| O2 Renewable Energy Xi Private Limited | ₹3.14 Cr (FY 2025) | New Delhi, Delhi, India | ||||
| Molisati Vinimay Private Limited | ₹3.12 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| LRK Solar Power Private Limited | ₹3.11 Cr (FY 2024) | -42.0% | Bengaluru, Karnataka, India |
To see the full peer comparison of MNR Solar Energy Private Limited, buy the company report.
Auditor
MNR Solar Energy Private Limited is audited by K P H & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K P H & ASSOCIATES | FY 2017 | 017481S |
Shareholding
The shareholding of MNR Solar Energy Private Limited is on record for FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of MNR Solar Energy Private Limited, buy the company report.
Legal cases
MNR Solar Energy Private Limited has 1 court case on record: 1 filed by MNR Solar Energy. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against M/S Bangalore Electricity Supply Company Limited (Bescom) and 1 other | Disposed |
To see the full case history of MNR Solar Energy 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 MNR Solar Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MNR Solar Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM4572C1ZB | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of MNR Solar Energy Private Limited, buy the company report.
Recent activity
MNR Solar Energy Private Limited has 4 board changes on record since 2016: 2 appointments and 2 cessations. The latest: Shridhar Ganapati Hegde ceased to be Director on 30 Mar 2025.
Frequently asked questions
MNR Solar Energy is an active private limited company based in Bengaluru, Karnataka, India. The company works in electric power generation, within the energy industry. It was incorporated on 08 July 2016 (10+ years old) and is registered under CIN U40106KA2016PTC094810.
MNR Solar Energy has 2 current directors:
- Sanjeev Shankar Chougale - Director
- Ishwar V Hegde - Director
The latest financial statements of MNR Solar Energy 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 2017 are in the company report.
The GSTIN of MNR Solar Energy is 29AAKCM4572C1ZB, registered in Karnataka.
The CIN (Corporate Identification Number) of MNR Solar Energy is U40106KA2016PTC094810. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MNR Solar Energy has 1 court case on record: 1 filed by the company.
MNR Solar Energy was incorporated on 08 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of MNR Solar Energy by revenue are Luxra Solar India Private Limited, Vikramaditya Renewable Energy Private Limited, Sunstrength Solar Private Limited, O2 Renewable Energy Xi Private Limited, Molisati Vinimay Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Shridhar Ganapati Hegde ceased to be Director on 30 Mar 2025. Sanjeev Shankar Chougale was appointed as Director on 26 Sep 2024. Manjunath Kikkeri Thammaiah ceased to be Director on 31 Oct 2022. MNR Solar Energy has 4 board changes on record in total.
MNR Solar Energy can be reached through the website sunfanenergy.com. Its registered office is in Bengaluru, Karnataka, India.
The registered office of MNR Solar Energy is at No.49 Euphoria Nest Apartment 2nd Floor 4th Cross Bhupasandra Main Road Rmv 2N, D Stage, Bengaluru, Karnataka, India – 560094.
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