DPIIT recognised startup Government of India
Startup India
Solveig Solar Private Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.73 Cr
▲ 1094% YoY
Net profit · FY 2024
₹12.64 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹20.25 Lakh
EBITDA margin 0.8%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Solveig Solar Private Limited
Data last updated:
Solveig Solar Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 30 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2020PTC116944. Its GSTIN is 24ABECS5617F1ZH (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Rajankumar Jha and Jha Dilip Kumar.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹12.64 Lakh (net margin 0.5%) and EBITDA of ₹20.25 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 838% over three years.
The company is associated with 1 brand: Solveigsolar.
Solveig Solar Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0048711). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solveigsolar.com.
Company details
CIN U40106GJ2020PTC116944
Registration Number 116944
Incorporation Date 30 September 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0048711
Key People
Rajankumar Jha Director Jha Dilip Kumar Director Recognitions & Rankings of Solveig Solar
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0048711
Contact details
Solveig Solar Private Limited's registered office is in Ahmedabad, Gujarat. Its website is solveigsolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12 Rajsukh Complex 15 Madhuvan Society Opp. Lotus Flats, Ashram Road Usmanpura, Ahmedabad, Gujarat, India – 380014
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Solveig Solar Private Limited, buy the company report.
Comprehensive company report
Solveig 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
Solveig Solar operates one associated brand: Solveigsolar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides solar panel installation, maintenance, and consultancy for energy solutions. | solveigsolar.com |
Business activity
The main business activity of Solveig 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 Solveig Solar Private Limited, buy the company report.
Financials of Solveig Solar Private Limited
FY 2025 filings availableSolveig Solar Private Limited reported revenue of ₹24.73 Cr (up 1094% YoY) for FY 2024.
Revenue · FY 2024
₹24.73 Cr ▲ 1094%
Net profit · FY 2024
₹12.64 Lakh margin 0.5%
EBITDA · FY 2024
₹20.25 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 838%
EBITDA CAGR growth
1 year
▲ 178%
3 years · compounded
▲ 320%
Revenue has grown at a compounded annual rate (CAGR) of 838% over three years. EBITDA rose 178% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
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| Total Expenses | ||||
| EBITDA | ₹20.25 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹12.64 Lakh | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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| Trade Payables | ||||
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| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
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| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.8% | |||
| Net Profit Margin | 0.5% | |||
| 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 Solveig Solar Private Limited, buy the company report.
Board of directors of Solveig Solar Private Limited
Solveig Solar has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajankumar Jha | Director | 30 Sep 2020 | 6 Years 0 Months | Current |
| Jha Dilip Kumar | Director | 01 Mar 2023 | 3 Years 7 Months | Current |
Peer comparison
Solveig Solar Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Medha Energy Private Limited | ₹25.54 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Radiance Ka Sunshine Five Private Limited | ₹25.07 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Renew Warangal Power Private Limited | ₹25 Cr (FY 2025) | 23.0% | Gurugram, Haryana, India | |||
| Acme Nalanda Solar Power Private Limited | ₹24.93 Cr (FY 2025) | 2.0% | Gurgaon, Haryana, India | |||
| Clean Max Power Projects Private Limited | ₹24.83 Cr (FY 2025) | -11.0% | Mumbai, Maharashtra, India | |||
| Solveig Solar Private Limitedthis company | ₹24.73 Cr (FY 2024) | ₹12.64 Lakh | 0.5% | 1094.0% | Ahmedabad, Gujarat, India | |
| Eden Renewable Ranji Private Limited | ₹24.73 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Sei Arushi Private Limited | ₹24.49 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Veh Radiant Energy Private Limited | ₹24.47 Cr (FY 2025) | 1085.0% | Hyderabad, Telangana, India | |||
| Azure Power Rooftop One Private Limited | ₹24.36 Cr (FY 2025) | 62.0% | New Delhi, Delhi, India | |||
| Niranjana Solar Energy Private Limited | ₹24.32 Cr (FY 2025) | -10.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Solveig Solar Private Limited, buy the company report.
Auditor
Solveig Solar Private Limited is audited by NITIN R VAGHELA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITIN R VAGHELA & CO. | FY 2022 | 152612W |
Shareholding
The shareholding of Solveig Solar Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Solveig Solar Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solveig 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 Solveig Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solveig Solar Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
Active EPFO establishments
1
GST
Solveig Solar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABECS5617F1ZH | Gujarat | Active | 05 Oct 2020 |
To see the full GST registrations and return filing status of Solveig Solar Private Limited, buy the company report.
Recent activity
Solveig Solar Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Jha Dilip Kumar was appointed as Director on 01 Mar 2023.
AGM
Solveig Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solveig Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Jha Dilip Kumar was appointed as Director.
Ceased
Krishnamohan Yadav ceased to be Director.
Appointed
Krishnamohan Yadav was appointed as Director.
Appointed
Rajankumar Jha was appointed as Director.
Incorporation
30 Sep 2020
Solveig Solar Private Limited was registered on 30 Sep 2020 with Roc Ahmedabad & aged 6 years 27 days as per MCA records.
Frequently asked questions
Solveig Solar is an active private limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 30 September 2020 (6+ years old) and is registered under CIN U40106GJ2020PTC116944.
Solveig Solar has 2 current directors:
- Rajankumar Jha - Director
- Jha Dilip Kumar - Director
The latest financial statements of Solveig 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 FY 2021 are in the company report.
The GSTIN of Solveig Solar is 24ABECS5617F1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Solveig Solar is U40106GJ2020PTC116944. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solveig Solar was incorporated on 30 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Solveig Solar by revenue are Medha Energy Private Limited, Radiance Ka Sunshine Five Private Limited, Renew Warangal Power Private Limited, Acme Nalanda Solar Power Private Limited, Clean Max Power Projects Private Limited and 5 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Jha Dilip Kumar was appointed as Director on 01 Mar 2023. Krishnamohan Yadav ceased to be Director on 01 Mar 2023. Krishnamohan Yadav was appointed as Director on 30 Sep 2020. Solveig Solar has 4 board changes on record in total.
Yes, Solveig Solar is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Solveig Solar is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0048711).
Solveig Solar can be reached through the website solveigsolar.com. Its registered office is in Ahmedabad, Gujarat, India.