MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0287603
Aftaab Solar Private Limited
Aftaab Solar Private Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹9.68 Cr
▼ 7% YoY
Net profit · FY 2022
₹36.8 Lakh
Net margin 3.8%
EBITDA · FY 2022
₹7.21 Cr
EBITDA margin 74.5%
Authorised capital
₹23.35 Cr
Registered with MCA
Paid-up capital
₹23.35 Cr
Issued & subscribed
Open charges
₹34.22 Cr
Satisfied ₹328.5 Cr
Company age
17 yrs
Est. 2009
Directors on board
2
As per MCA filings
About Aftaab Solar Private Limited
Data last updated:
Aftaab Solar Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 30 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U93090GJ2009PTC103162. Its GSTIN is 21AAICA0257G1Z7 (Odisha).
The company has an authorised share capital of ₹23.35 Cr and a paid-up capital of ₹23.35 Cr. It was formerly known as Alex Solar Private Limited. It is led by directors Bharat Rathi and Venkata Ram Mohan.
Its last annual general meeting (AGM) was held on 24 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 2022, the company reported a revenue of ₹9.68 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹36.8 Lakh (net margin 3.8%) and EBITDA of ₹7.21 Cr (EBITDA margin 74.5%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹34.22 Cr and satisfied charges of ₹328.5 Cr on record.
Aftaab Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0287603). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U93090GJ2009PTC103162
Registration Number 103162
Incorporation Date 30 October 2009
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 24 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Maif Investments India Pte Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0287603
CIN history
Aftaab Solar has one previous CIN (Corporate Identification Number): U93090WB2009PTC139128. The current CIN is U93090GJ2009PTC103162, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U93090GJ2009PTC103162 | Current |
| U93090WB2009PTC139128 | Previous |
Recognitions & Rankings of Aftaab Solar
Contact details
Aftaab Solar Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address906 – 907 Indraprasth Corporate Opp. Venus Atlantis 100 Ft. Road Prahl, Adnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Aftaab Solar Private Limited, buy the company report.
Comprehensive company report
Aftaab 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Aftaab Solar Private Limited
FY 2025 filings availableAftaab Solar Private Limited reported revenue of ₹9.68 Cr (down 7% YoY) for FY 2022.
Revenue · FY 2022
₹9.68 Cr ▼ 7%
Net profit · FY 2022
₹36.8 Lakh margin 3.8%
EBITDA · FY 2022
₹7.21 Cr margin 74.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▼ 1%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 7%
5 years · compounded
▼ 2%
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 7% fall in the latest year. EBITDA fell 13% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹9.68 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.21 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹36.8 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 | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 74.5% | ||||
| Net Profit Margin | 3.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Aftaab Solar Private Limited, buy the company report.
Board of directors of Aftaab Solar Private Limited
Aftaab Solar has 2 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Ram Mohan Also directs: Hiraco Renewable Energy Private Limited, Ujjawala Power Private Limited, CBC Solar Technologies Private Limited and 5 more | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Bharat Rathi Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Hiraco Renewable Energy Private Limited and 5 more | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Aftaab Solar Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2021 | 001076N/N500013 |
Shareholding
The shareholding of Aftaab Solar 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 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aftaab Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹34.22 Cr
Satisfied charges
₹328.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154796 | Sbicap Trustee Company Limited | ₹34.22 Cr | Open | |
| 21 Jan 2019 | 100238260 | Sbicap Trustee Company Limited | ₹3.5 Cr | Satisfied | |
| 16 Jun 2017 | 100126352 | Sbicap Trustee Company Limited | ₹50 Cr | Satisfied | |
| 08 Aug 2016 | 100044608 | Others | ₹50 Cr | Satisfied | |
| 02 Aug 2013 | 10442498 | Ptc India Financial Services Limited | ₹125 Cr | Satisfied |
To see the full charge records of Aftaab Solar Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving Aftaab 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.
Credit ratings & regulatory alerts
Aftaab Solar Private Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Aftaab Solar Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aftaab Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Aftaab Solar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAICA0257G1Z7 | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Aftaab Solar Private Limited, buy the company report.
Recent activity
Aftaab Solar Private Limited has 22 board changes on record since 2011: 2 appointments and 20 cessations. The latest: Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025.
Charges
A charge registered on 16 Jun 2017 via Charge ID 100126352 with Sbicap Trustee Company Limited was fully satisfied on 14 Nov 2025.
AGM
Aftaab Solar Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 34.22 Cr with Charge ID 101154796 was registered on 22 Aug 2025.
Filing
Aftaab Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Nirad Vijay Deshpande ceased to be Nominee Director.
Appointed
Venkata Ram Mohan was appointed as Nominee Director.
Charges
A charge registered on 21 Jan 2019 via Charge ID 100238260 with Sbicap Trustee Company Limited was fully satisfied on 14 Oct 2024.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 50.00 Cr registered on 16 Jun 2017 with Charge ID 100126352 was modified on 04 Jul 2023.
Ceased
Tejinder Singh ceased to be Nominee Director.
Ceased
Abhishek Poddar ceased to be Nominee Director.
Ceased
Deep Gupta ceased to be Nominee Director.
Ceased
Shubhangini Subramaniam ceased to be Nominee Director.
26 earlier events are in the company report.
Frequently asked questions
Aftaab 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 October 2009 (17+ years old) and is registered under CIN U93090GJ2009PTC103162.
Aftaab Solar has 2 current directors:
- Venkata Ram Mohan - Nominee Director
- Bharat Rathi - Director
The latest financial statements of Aftaab Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aftaab Solar is 21AAICA0257G1Z7, registered in Odisha.
The CIN (Corporate Identification Number) of Aftaab Solar is U93090GJ2009PTC103162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aftaab Solar was incorporated on 30 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025. Venkata Ram Mohan was appointed as Nominee Director on 21 Mar 2025. Tejinder Singh ceased to be Nominee Director on 05 Nov 2022. Aftaab Solar has 22 board changes on record in total.
Yes, Aftaab Solar is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0287603).
The registered office of Aftaab Solar is at 906 – 907 Indraprasth Corporate Opp. Venus Atlantis 100 Ft. Road Prahl, Adnagar, Ahmedabad, Gujarat, India – 380015.
Aftaab Solar operates in the environment industry, in the solar energy solutions segment.