MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-CH-01-0007497
Ace Solar Power Private Limited
Ace Solar Power Private Limited - environment in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹39.38 Lakh
▲ 53% YoY
Net profit · FY 2024
₹10.58 Lakh
Net margin 26.9%
EBITDA · FY 2024
₹26.43 Lakh
EBITDA margin 67.1%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹21.7 Lakh
Issued & subscribed
Company age
16 yrs
Est. 2010
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Ace Solar Power Private Limited
Data last updated:
Ace Solar Power Private Limited is a private limited company based in Chandigarh, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 21 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U40101CH2010PTC032476.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹21.7 Lakh. It is led by directors Jeevan Jyot Grewal and Rukmini Grewal.
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 House No. 2504 Sector – 35C Chandigarh, Chandigarh, India – 160022.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.38 Lakh, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹10.58 Lakh (net margin 26.9%) and EBITDA of ₹26.43 Lakh (EBITDA margin 67.1%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years.
Ace Solar Power Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-CH-01-0007497). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U40101CH2010PTC032476
Registration Number 032476
Incorporation Date 21 September 2010
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-CH-01-0007497
Recognitions & Rankings of Ace Solar Power
Contact details
Ace Solar Power Private Limited's registered office is in Chandigarh, Chandigarh. Its e-mail address is in the company report.
- Email
- Registered AddressHouse No. 2504 Sector – 35C Chandigarh, Chandigarh, India – 160022
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Ace Solar Power Private Limited, buy the company report.
Comprehensive company report
Ace Solar Power 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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Financials of Ace Solar Power Private Limited
FY 2025 filings availableAce Solar Power Private Limited reported revenue of ₹39.38 Lakh (up 53% YoY) for FY 2024.
Revenue · FY 2024
₹39.38 Lakh ▲ 53%
Net profit · FY 2024
₹10.58 Lakh margin 26.9%
EBITDA · FY 2024
₹26.43 Lakh margin 67.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 58%
3 years · compounded
▼ 16%
5 years · compounded
▲ 303%
Revenue rose 53% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 8%. EBITDA rose 58% 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 | FY 2019-20 |
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| EBITDA | ₹26.43 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹10.58 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67.1% | ||||
| Net Profit Margin | 26.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ace Solar Power Private Limited, buy the company report.
Board of directors of Ace Solar Power Private Limited
Ace Solar Power has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jeevan Jyot Grewal | Director | 19 Jan 2019 | 7 Years 9 Months | Current |
| Rukmini Grewal Also directs: Ar & BJ Developers LLP, Active Health Technologies LLP, Active Wellness Private Limited and 1 more | Director | 26 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Ace Solar Power Private Limited is compared with the 10 companies closest to it by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Veh Aarush Renewables Private Limited | ₹40.72 Lakh (FY 2025) | -10.0% | Hyderabad, Telangana, India | |||
| Multiplex Solar Power Private Limited | ₹40.42 Lakh (FY 2025) | -71.0% | New Delhi, Delhi, India | |||
| Rotaax Industries Private Limited | ₹40.08 Lakh (FY 2025) | 78.0% | Jaipur, Rajasthan, India | |||
| Vaibhav Saururja Private Limited | ₹39.92 Lakh (FY 2025) | 126.0% | Ahmednagar, Maharashtra, India | |||
| Lucent Renewable Energy Private Limited | ₹39.41 Lakh (FY 2025) | Osian, Rajasthan, India | ||||
| Ace Solar Power Private Limitedthis company | ₹39.38 Lakh (FY 2024) | ₹10.58 Lakh | 26.9% | 53.0% | Chandigarh, India | |
| Nexxa Solar Power Technologies Private Limited | ₹39.26 Lakh (FY 2020) | Nashik Road, Nashik, Maharashtra, India | ||||
| Thysun Technologies Private Limited | ₹39.09 Lakh (FY 2023) | -54.0% | Jaipur, Rajasthan, India | |||
| Ind Renewable Energy Limited | ₹37.96 Lakh (FY 2024) | Mumbai, Maharashtra, India | ||||
| Skre Ams Private Limited | ₹37.62 Lakh (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Solar Quest Ashlyn Projects Private Limited | ₹37.36 Lakh (FY 2024) | Ajmer, Rajasthan, India |
To see the full peer comparison of Ace Solar Power Private Limited, buy the company report.
Auditor
Ace Solar Power Private Limited is audited by BINDU AGGARWAL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BINDU AGGARWAL & CO | FY 2021 | 011627N |
Shareholding
The shareholding of Ace Solar Power Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ace Solar Power Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ace Solar Power 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 Ace Solar Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ace Solar Power Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ace Solar Power Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Jeevan Jyot Grewal ceased to be Additional Director on 28 Sep 2019.
AGM
Ace Solar Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ace Solar Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Jeevan Jyot Grewal ceased to be Additional Director.
Appointed
Jeevan Jyot Grewal was appointed as Director.
Ceased
Balbir Singh Grewal ceased to be Director.
Ceased
Rukmini Grewal ceased to be Additional Director.
Ceased
Ajitesh Singh ceased to be Additional Director.
Appointed
Rukmini Grewal was appointed as Director.
Ceased
Savinderjeet Grewal ceased to be Director.
Ceased
Harminder Singh Atwal ceased to be Director.
Ceased
Rupinder Atwal Kaur ceased to be Director.
Incorporation
21 Sep 2010
Ace Solar Power Private Limited was registered on 21 Sep 2010 with Roc Chandigarh & aged 16 years 1 month as per MCA records.
Frequently asked questions
Ace Solar Power is an active private limited company based in Chandigarh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 21 September 2010 (16+ years old) and is registered under CIN U40101CH2010PTC032476.
Ace Solar Power has 2 current directors:
- Jeevan Jyot Grewal - Director
- Rukmini Grewal - Director
The latest financial statements of Ace Solar Power 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Ace Solar Power is U40101CH2010PTC032476. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Solar Power was incorporated on 21 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Ace Solar Power by revenue are Veh Aarush Renewables Private Limited, Multiplex Solar Power Private Limited, Rotaax Industries Private Limited, Vaibhav Saururja Private Limited, Lucent Renewable Energy Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Jeevan Jyot Grewal ceased to be Additional Director on 28 Sep 2019. Jeevan Jyot Grewal was appointed as Director on 19 Jan 2019. Balbir Singh Grewal ceased to be Director on 25 Oct 2018. Ace Solar Power has 9 board changes on record in total.
Yes, Ace Solar Power is registered as a micro enterprise under Udyam registration (number: UDYAM-CH-01-0007497).
The registered office of Ace Solar Power is at House No. 2504 Sector – 35C Chandigarh, Chandigarh, India – 160022.
Ace Solar Power operates in the environment industry, in the solar energy solutions segment.
The compliance status of Ace Solar Power is compliant as of 19 September 2026. The company is actively filing with the Registrar of Companies.