About Aditya Birla Solar Limited
Data last updated:
Aditya Birla Solar Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Grasim Industries Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 06 May 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2016PLC280762. Its GSTIN is 29AAOCA3478P1ZP (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹70 Cr and a paid-up capital of ₹66.59 Cr. It was led by directors including Devajyoti Nirmal Bhattacharya (Managing Director) and Pinky Atul Mehta.
Its last annual general meeting (AGM) was held on 19 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at A – 4 Aditya Birla Centre S. K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030.
As per the financials filed for FY 2023, the company reported a revenue of ₹51.83 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹12.4 Cr (net margin 23.9%) and EBITDA of ₹38.85 Cr (EBITDA margin 75%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 10% over five years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹260 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending. The company has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹29.93 Cr; the latest was in August 2019. The company has 5 MSME Form 1 returns on record between 2018 and 2022, listing 11 overdue payments to 4 micro and small suppliers.
The last known website on record is adityabirla.com.
Company details
Contact details
Aditya Birla Solar Limited's registered office is in Mumbai, Maharashtra. Its website is adityabirla.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 4 Aditya Birla Centre S. K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Aditya Birla Solar 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
Financials of Aditya Birla Solar Limited
FY 2023 filings availableAditya Birla Solar Limited reported revenue of ₹51.83 Cr (up 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 12% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹51.83 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹38.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.4 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 75% | ||||
| Net Profit Margin | 23.9% | ||||
| 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 Aditya Birla Solar Limited, buy the company report.
Board of directors and KMP of Aditya Birla Solar Limited
Aditya Birla Solar Limited currently reports 3 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chetan Prakash Patodi Also directs: Aditya Birla Renewables SPV 5 Limited, Abrel SPV 2 Limited | Cfo | 29 Jul 2022 | 4 Years 3 Months | As last reported |
| Pinky Atul Mehta Also directs: Aditya Birla Money Limited, Aditya Birla Renewables SPV 1 Limited, Aditya Birla Capital Digital Limited and 5 more | Director | 06 May 2016 | 10 Years 6 Months | As last reported |
| Devajyoti Nirmal Bhattacharya | Managing Director | 06 May 2016 | 10 Years 6 Months | As last reported |
| Rajesh Shrivastava Also directs: Kpi Green Energy Limited | Director | 18 May 2022 | 4 Years 5 Months | As last reported |
Auditor
Aditya Birla Solar Limited is audited by KKC & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KKC & Associates LLP | FY 2023 | 105146W/ W100621 |
Shareholding
The shareholding of Aditya Birla Solar Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aditya Birla Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Feb 2017 | 100079904 | Axis Trustee Services Limited | ₹260 Cr | Open |
To see the full charge records of Aditya Birla Solar Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Aditya Birla Solar Limited has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹29.93 Cr; the latest was in August 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Grasim Industries Ltd Seller: Essel Mining & Industries Ltd. , AEIF Mauritius SPV 1 Limited |
| Aug 2018 | Rights issue | ₹6.21 Cr | Investors: Grasim Industries Ltd , Essel Mining & Industries Ltd. |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: Grasim Industries Ltd , Grasim Industries Limited & Hutokshi Wadia, Grasim Industries Limited & Pavan K Jain Seller: Aditya Birla Nuvo Limited , Aditya Birla Nuvo Limited & Mahendra Bhandari, Aditya Birla Nuvo Limited & Sailesh Kumar Daga |
| Feb 2017 | Funding round | ₹29.93 Cr | Investors: AEIF Mauritius SPV 1 Limited, Essel Mining & Industries Ltd. , Aditya Birla Nuvo Limited |
| Oct 2016 | Rights issue | ₹29.58 Cr | Investors: Aditya Birla Nuvo Limited , Essel Mining & Industries Ltd. |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aditya Birla Solar Limited has 3 court cases on record: 1 filed by Aditya Birla Solar, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BELAGAVI, Karnataka | Civil suit | Filed against the company | Pending |
| District court, KOLAR, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Aditya Birla Solar 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.
Credit ratings & regulatory alerts
Aditya Birla Solar Limited was last rated by Crisil on 13 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Jun 2019 |
To see the full credit ratings and regulatory alerts of Aditya Birla Solar Limited, buy the company report.
MSME payment delays
Aditya Birla Solar Limited has 5 MSME Form 1 returns on record between 2018 and 2022, listing 11 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Exosolar Private Limited | |||
| an individual supplier | |||
| Pioneer Security Solutions Private Limited |
To see the full MSME payment records of Aditya Birla Solar Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aditya Birla Solar Limited has a workforce of 4 employees on its EPFO records as of Feb 2024, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 4 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 |
To see the full employee and EPFO history of Aditya Birla Solar Limited, buy the company report.
GST
Aditya Birla Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCA3478P1ZP | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aditya Birla Solar Limited, buy the company report.
Recent activity
Aditya Birla Solar Limited has 13 board changes on record since 2016: 4 appointments and 9 cessations. The latest: Rajesh Shrivastava ceased to be Additional Director on 22 Aug 2022.
6 earlier events are in the company report.
News
Frequently asked questions
Aditya Birla 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.
Aditya Birla Solar was a public limited company based in Mumbai, Maharashtra, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 06 May 2016 and is registered under CIN U40106MH2016PLC280762. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Aditya Birla Solar was incorporated on 06 May 2016. It is registered with the Registrar of Companies, Mumbai.
Aditya Birla Solar had 4 directors and KMP:
- Devajyoti Nirmal Bhattacharya - Managing Director
- Pinky Atul Mehta - Director
- Rajesh Shrivastava - Director
- Chetan Prakash Patodi - Cfo
The CIN (Corporate Identification Number) of Aditya Birla Solar is U40106MH2016PLC280762. 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 Aditya Birla Solar is at A – 4 Aditya Birla Centre S. K. Ahire Marg Worli, Mumbai, Maharashtra, India – 400030.
Aditya Birla Solar can be reached through the website adityabirla.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Aditya Birla Solar on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 19 July 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Aditya Birla Solar is 29AAOCA3478P1ZP, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Aditya Birla Solar operated in the environment industry, in the solar energy solutions segment.
Aditya Birla Solar has 5 deals on record (2 rights issues, 2 secondary share transfers, 1 funding round), with disclosed funding of ₹29.93 Cr; the latest was in August 2019.
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