Solaark Renewables Private Limited
About Solaark Renewables Private Limited
Data last updated:
Solaark Renewables Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 22 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC117765. Its GSTIN is 29ABBCS0280M1Z2 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Krishna Thimmaiah and Ajith Shetty.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.19 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹13.87 Lakh (net margin -28.8%) and EBITDA of -₹13.87 Lakh (EBITDA margin -28.8%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 139% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressNo. 12 1st Floor Unit No.04 Earthen Phoenix Sanjeevappa Layout Nagavarapalya C V R, Aman Nagar, Bangalore, Karnataka, India – 560093
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
- 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 Solaark Renewables Private Limited
The main business activity of Solaark Renewables is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | 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 Solaark Renewables Private Limited FY 2025 filings available
Solaark Renewables Private Limited reported revenue of ₹48.19 Lakh (up 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Solaark Renewables Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 139% over five years, including 33% growth in the latest year. EBITDA fell 146% 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 of Solaark Renewables Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹13.87 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹13.87 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Solaark Renewables Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -28.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -28.8% | •••• | •••• | •••• | •••• |
| 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 Solaark Renewables are in the company report.
Financial statements from FY 2019
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.
Board of Directors of Solaark Renewables Private Limited
Solaark Renewables has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Thimmaiah Also directs: Evervolt Green Energy Private Limited, Evervolt Renewable Energy Private Limited, Ap Esolar Technologies Private Limited and 1 more | Director | 22 Oct 2018 | 8 Years 0 Months | Current |
| Ajith Shetty | Director | 22 Oct 2018 | 8 Years 0 Months | Current |
Peer Comparison of Solaark Renewables Private Limited
Solaark Renewables Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail 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 |
|---|---|---|---|---|---|---|
| Transworld Export Private Limited | ₹48.39 Lakh (FY 2024) | •••• | •••• | 2.0% | •••• | T. Nagar Chennai, Tamil Nadu, India |
| Whitelight Energies Private Limited | ₹48.34 Lakh (FY 2025) | •••• | •••• | -48.0% | •••• | Udaipur, Rajasthan, India |
| SBS Electronic Equipments Private Limited | ₹48.3 Lakh (FY 2024) | •••• | •••• | -16.0% | •••• | Bangalore, Karnataka, India |
| Krmags Solutions Private Limited | ₹48.29 Lakh (FY 2024) | •••• | •••• | 57.0% | •••• | Delhi, India |
| Shivalik Utility Services Private Limited | ₹48.28 Lakh (FY 2019) | •••• | •••• | -10.0% | •••• | Punjab, India |
| Solaark Renewables Private Limited this company | ₹48.19 Lakh (FY 2024) | •••• | •••• | 33.0% | •••• | Bangalore, Karnataka, India |
| Ritman Infra Limited | ₹48.05 Lakh (FY 2025) | •••• | •••• | -48.0% | •••• | Kolkata, West Bengal, India |
| P.S. Electrotech Private Limited | ₹48.04 Lakh (FY 2018) | •••• | •••• | •••• | Jammu, Jammu and Kashmir, India | |
| Southern General Trading Co Pvt Ltd | ₹47.98 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Thiruvananthapuram, Kerala, India |
| P P Telecell Marketing Private Limited | ₹47.91 Lakh (FY 2024) | •••• | •••• | -78.0% | •••• | Delhi, India |
| Lucacell Power Private Limited | ₹47.88 Lakh (FY 2023) | •••• | •••• | 59.0% | •••• | Naranpura, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Solaark Renewables by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Solaark Renewables Private 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 Solaark Renewables Private Limited
Solaark Renewables Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Solaark Renewables Private Limited
Employment history and EPFO contributions of people linked to Solaark Renewables.
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.
Recent Activity on Solaark Renewables Private Limited
Solaark Renewables Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Ajith Shetty was appointed as Director on 22 Oct 2018.
Credit Ratings, Litigation & Regulatory Alerts for Solaark Renewables Private 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 Solaark Renewables Private 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 Solaark Renewables Private 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 Solaark Renewables Private Limited
Solaark Renewables has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABBCS0280M1Z2 | Karnataka | Active | 02 Feb 2019 |
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 Solaark Renewables Private 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 Solaark Renewables Private Limited
Solaark Renewables is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 22 October 2018 (8+ years old) and is registered under CIN U74999KA2018PTC117765.
Solaark Renewables reported revenue of ₹48.19 Lakh for FY 2024 (up 33% YoY).
Solaark Renewables has 2 current directors:
- Krishna Thimmaiah - Director
- Ajith Shetty - Director
Solaark Renewables reported a net loss of ₹13.87 Lakh (net margin -28.8%) and EBITDA of -₹13.87 Lakh (EBITDA margin -28.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solaark Renewables is -30% over three years and 139% over five years. In the latest year (FY 2024) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solaark Renewables is 29ABBCS0280M1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Solaark Renewables is U74999KA2018PTC117765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solaark Renewables was incorporated on 22 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Solaark Renewables by revenue are Transworld Export Private Limited, Whitelight Energies Private Limited, SBS Electronic Equipments Private Limited, Krmags Solutions Private Limited, Shivalik Utility Services Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Ajith Shetty was appointed as Director on 22 Oct 2018. Krishna Thimmaiah was appointed as Director on 22 Oct 2018.
The registered office of Solaark Renewables is at No. 12 1st Floor Unit No.04 Earthen Phoenix Sanjeevappa Layout Nagavarapalya C V R, Aman Nagar, Bangalore, Karnataka, India – 560093.