About Se Solar Limited
Data last updated:
Se Solar Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Suzlon Energy Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 25 March 2008.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40108GJ2008PLC108497. The company has 3 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.12 Cr. It was led by directors including Mahesh Motilal Makhija and Rajiv Ranjan Mishra.
Its last annual general meeting (AGM) was held on 20 August 2019, and its latest financial statements are for the year ended 31 July 2019. The registered office was at 6th Floor Chanakya Off Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2019, the company reported a revenue of ₹120.61 Cr, a growth of 114% compared to the previous year. For the same year it recorded a net profit of ₹22.97 Cr (net margin 19%) and EBITDA of ₹111.44 Cr (EBITDA margin 92.4%).
Court records list 8 cases involving the company; 6 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in June 2016. Its 10 peer companies in the Power industry (Transmission and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Sidhanath Sugar Mills Limited with revenue of ₹132.09 Cr.
The last known website on record is suzlon.com.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered Address6th Floor Chanakya Off Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryEnergy and Power, Power Transmission & Distribution Services
- 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
- One PDF report, delivered after checkout
Business Activity of Se Solar Limited
The main business activity of Se Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Se Solar Limited FY 2019 filings available
Se Solar Limited reported revenue of ₹120.61 Cr (up 114% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Se Solar Limited
Revenue rose 114% in the latest year. EBITDA rose 111% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Se Solar Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹111.44 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹22.97 Cr | •••• | •••• | •••• | •••• |
| 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 of Se Solar Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Se Solar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Se Solar Limited
Se Solar Limited is compared with the companies closest to it by revenue in the Power industry (Transmission and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sidhanath Sugar Mills Limited | ₹132.09 Cr (FY 2024) | •••• | •••• | -47.0% | •••• | Solapur, Maharashtra, India |
| Chandigarh Power Distribution Limited | ₹127.33 Cr (FY 2025) | •••• | •••• | •••• | Chandigarh, India | |
| Adani Tradecom Limited | ₹125.93 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Ahmedabad, Gujarat, India |
| Power Soaps Private Limited | ₹124.06 Cr (FY 2025) | •••• | •••• | 99.0% | •••• | Chennai, Tamil Nadu, India |
| Powergrid Varanasi Transmission System Limited | ₹121.36 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Se Solar Limited this company | ₹120.61 Cr (FY 2019) | •••• | •••• | 114.0% | •••• | Ahmedabad, Gujarat, India |
| Central Transmission Utility of India Limited | ₹118.25 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Gurgaon, Haryana, India |
| NRSS Xxxvi Transmission Limited | ₹113.14 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Powergrid Meerut Simbhavali Transmission Limited | ₹113.1 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | New Delhi, Delhi, India |
| Gadag Ii-A Transmission Limited | ₹113.1 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Delhi, India |
| Juniper Green Field Private Limited | ₹109.19 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Se Solar by revenue in the Power industry (Transmission and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Se Solar Limited
Se Solar Limited is audited by B S R & Co. LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Se Solar Limited
Se Solar has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Motilal Makhija Also directs: Sunsure Energy Private Limited | Director | 26 Mar 2019 | 7 Years 6 Months | As last reported |
| David Christopher Smales | Additional Director | 15 Nov 2019 | 6 Years 10 Months | As last reported |
| Rajiv Ranjan Mishra | Director | 18 Jun 2016 | 10 Years 3 Months | As last reported |
| Subba Rao Amarthaluru | Director | 26 Mar 2019 | 7 Years 6 Months | As last reported |
Ownership and Shareholding of Se Solar Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Se Solar Limited
Se Solar Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Se Solar Limited
Se Solar Limited has 1 deal on record (1 acquisition); the latest was in June 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Acquisition | ₹73.46 Cr | Buyer: Apraava Renewable Energy Private Limited Seller: Suzlon Energy Limited |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Se Solar Limited
Se Solar Limited has 8 court cases on record: 8 where it is another party. 6 cases are pending and 2 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 0 | 6 |
Cases on record (3 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mahabubnagar, Telangana | Civil suit | Company is another party | Pending |
| District court, Wanaparthy, Telangana | Civil suit | Company is another party | Pending |
| District court, Wanaparthy, Telangana | Appeal | Company is another party | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Se Solar Limited
Employment history and EPFO contributions of people linked to Se Solar.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Se Solar Limited
Se Solar has 1 joint venture. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
CIN History of Se Solar Limited
Se Solar has one previous CIN (Corporate Identification Number): U40108PN2008PLC131668. The current CIN is U40108GJ2008PLC108497, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108GJ2008PLC108497 | Current |
| U40108PN2008PLC131668 | Previous |
Recent Activity on Se Solar Limited
Se Solar Limited has 18 board changes on record since 2013: 4 appointments and 14 cessations. The latest: David Christopher Smales was appointed as Additional Director on 15 Nov 2019.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Se Solar Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Se Solar Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Se Solar Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Se Solar Limited
Se Solar has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Se Solar Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Se Solar Limited
Se Solar has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Se Solar was a public limited company based in Ahmedabad, Gujarat, India. The company worked in power transmission and distribution services, within the energy and power industry. It was incorporated on 25 March 2008 and is registered under CIN U40108GJ2008PLC108497. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Se Solar was incorporated on 25 March 2008. It is registered with the Registrar of Companies, Ahmedabad.
Se Solar had 4 directors:
- Mahesh Motilal Makhija - Director
- David Christopher Smales - Additional Director
- Rajiv Ranjan Mishra - Director
- Subba Rao Amarthaluru - Director
The CIN (Corporate Identification Number) of Se Solar is U40108GJ2008PLC108497. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Se Solar is at 6th Floor Chanakya Off Ashram Road, Ahmedabad, Gujarat, India – 380009.
Se Solar can be reached through the website suzlon.com. Its registered office is in Ahmedabad, Gujarat, India.
Se Solar reported revenue of ₹120.61 Cr for FY 2019 (up 114% YoY).
Se Solar has an authorised share capital of ₹5.5 Cr and a paid-up capital of ₹5.12 Cr.
Se Solar reported a net profit of ₹22.97 Cr (net margin 19%) and EBITDA of ₹111.44 Cr (EBITDA margin 92.4%) for FY 2019, as per its filed financial statements.
No. Se Solar has 3 GST registrations on record and all of them are cancelled or inactive.