Ahasolar Technologies Limited

Ahasolar Technologies Limited - internet in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L74999GJ2017PLC098479 Incorporated 28 July 2017 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed Public Limited Company internet
Data last updated
Market Cap
₹21.26 Cr
AHASOLAR · BSE
Share Price
₹68.98
0.00% today
Revenue
₹91.97 Cr
FY 2025-26 · +58.6% YoY
EBITDA
₹0.63 Cr
Margin 0.7%
Net Profit
₹0.22 Cr
FY 2025-26 · +122.9% YoY
P/E (TTM)
97.5x
P/B 1.3x
ROE
1.4%
ROCE 2.8%
Debt / Equity
0.05
Interest cover 42.9x

About Ahasolar Technologies Limited

Data last updated:

Ahasolar Technologies Limited is a public limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 28 July 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L74999GJ2017PLC098479. Its GSTIN is 24AAPCA8684G1Z7 (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company.

The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.08 Cr. It is led by directors including Piyushkumar Vasantlal Bhatt (Managing Director) and Pulkit Dhingra (Whole-Time Director).

Its last annual general meeting (AGM) was held on 22 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹91.97 Cr, a growth of 58.6% compared to the previous year. For the same year it recorded a net profit of ₹22 Lakh (net margin 0.2%) and EBITDA of ₹63 Lakh (EBITDA margin 0.7%). The net worth stands at ₹14.97 Cr (up 1.4% YoY). Total assets are valued at ₹16.37 Cr (up 2.8% YoY).

The company has about 44 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: AhaSolar. As per MCA filings, the company has open charges of ₹2.1 Cr and satisfied charges of ₹1.5 Cr on record. The company has 20 deals on record (14 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.21 Cr; the latest was in February 2024. Its 10 peer companies in the Information Technology industry (Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Graymatter Software Services Private Limited with revenue of ₹60.8 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ahasolar.in.

Company Details of Ahasolar Technologies Limited
CIN L74999GJ2017PLC098479
Registration Number 098479
Incorporation Date 28 July 2017
ROC Ahmedabad
Listing Status Listed
Company Status Active
Date of Last AGM 22 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
  • Apps
  • Registered Address
    Office No. 207 Kalasagar Shopping Hub Opp. Saibaba Temple Sattadhar Cross Rd G, Hatlodiya, Ahmedabad, Gujarat, India – 380061
  • Industry
    Internet, Online Service Marketplaces
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Financials, compliance, directors, charges, ownership and filings for Ahasolar Technologies Limited in one report.

Financials from FY 2018 Directors & ownership Charges & compliance

Business Activity of Ahasolar Technologies Limited

The main business activities of Ahasolar Technologies are professional, scientific and technical, information and communication and trade. In detail, this covers other professional, scientific and technical activities, computer programming, consultancy and related activities and wholesale trading. 3 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activitiesLocked
JInformation and communicationJ6Computer programming, consultancy and related activitiesLocked
GTradeG1Wholesale TradingLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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Financials of Ahasolar Technologies Limited FY 2025-26 filings available

Ahasolar Technologies Limited reported revenue of ₹91.97 Cr (up 58.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹91.97 Cr
+58.6% YoY
EBITDA
₹0.63 Cr
+162.4% YoY
Profit After Tax
₹0.22 Cr
+122.9% YoY
Net Worth
₹14.97 Cr
+1.4% YoY
Total Assets
₹16.37 Cr
+2.8% YoY
Total Debt
₹0.90 Cr
+26.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue91.9757.9942.04
Revenue growth+58.6%+37.9%-
EBITDA0.63(1.01)(0.12)
EBITDA margin+0.7%-1.7%-0.3%
Profit before tax0.34(0.97)0.05
Net profit0.22(0.96)0.04
Net profit margin+0.2%-1.7%+0.1%
EPS (₹)0.67(3.10)0.14
Balance sheet
Total assets16.3715.9216.15
Net worth14.9714.7715.72
Total debt0.900.710.00
Cash & bank2.487.114.23
Net working capital5.9111.878.23
Cash flow
Cash from operations1.99(1.75)(1.42)
Cash from investing(4.04)2.06(7.77)
Cash from financing0.060.6311.69
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10.9939.0042.0420.8717.301.881.29
Revenue growth-71.8%-7.2%+101.4%+20.6%+820.2%+45.7%-
EBITDA0.50(1.10)(0.12)1.781.110.100.05
EBITDA margin+4.6%-2.8%-0.3%+8.5%+6.4%+5.3%+3.9%
Profit before tax0.29(1.05)0.051.581.090.100.05
Net profit0.17(1.02)0.041.590.790.070.04
Net profit margin+1.6%-2.6%+0.1%+7.6%+4.6%+3.7%+3.1%
EPS (₹)0.55(3.30)0.147.06792.3070.2527.03
Balance sheet
Total assets15.4415.8616.154.131.470.340.26
Net worth14.8814.7115.723.980.890.100.03
Total debt0.060.710.000.000.580.240.23
Cash & bank1.417.024.230.480.230.210.00
Net working capital4.9811.798.232.890.950.21(0.51)
Cash flow
Cash from operations1.74(1.84)(1.42)(0.27)0.210.10(0.20)
Cash from investing(4.02)2.07(7.77)(0.44)(0.53)(0.01)(0.02)
Cash from financing(0.70)0.6311.690.920.340.010.22

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 12 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue91.9757.9942.04
Revenue growth+58.6%+37.9%-
Other income0.180.500.48
Total expenses91.3459.0042.16
Employee cost5.316.452.93
EBITDA0.63(1.01)(0.12)
EBITDA margin+0.7%-1.7%-0.3%
Depreciation0.350.380.30
Interest0.120.080.01
Profit before tax0.34(0.97)0.05
Tax0.12(0.01)0.01
Net profit0.22(0.96)0.04
Net profit margin+0.2%-1.7%+0.1%
EPS (₹)0.67(3.10)0.14
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital3.083.083.08
Reserves & surplus11.8911.6912.64
Shareholders' funds (net worth)14.9714.7715.72
Minority interest0.000.000.00
Secured loans0.900.710.00
Unsecured loans0.000.000.00
Total debt0.900.710.00
Total liabilities16.3715.9216.15
Assets
Gross block2.202.081.50
Net block1.071.170.96
Capital work in progress8.572.030.96
Investments0.000.000.00
Inventories0.230.020.02
Sundry debtors3.815.954.51
Cash & bank balances2.487.114.23
Loans & advances3.512.200.76
Total current assets10.0315.289.52
Total current liabilities4.123.411.29
Net working capital5.9111.878.23
Total assets16.3715.9216.15
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash3.892.940.44
Net cash from operating activities1.99(1.75)(1.42)
Net cash from investing activities(4.04)2.06(7.77)
Net cash from financing activities0.060.6311.69
Net change in cash(1.99)0.952.50
Closing cash2.487.114.23
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth+58.6%+37.9%-
EBITDA growth+162.4%-741.7%-
PBT growth+9998.0%-+9997.0%
Net income growth+122.9%-2500.0%-
Profitability & leverage
Net income margin+0.2%-1.7%+0.1%
Return on capital employed+2.8%-5.6%+0.4%
Return on net worth+1.4%-6.3%+0.3%
Debt / equity0.050.020.00
Long-term debt / equity0.000.000.00
Interest cover42.86-5.76-2.38
Efficiency & per share
Fixed asset turnover42.9832.4028.03
Inventory turnover735.762,899.502,102.00
Debtors turnover18.8511.099.32
EPS (₹)0.67(3.10)0.14
Dividend per share (₹)0.000.000.00
Book value per share (₹)48.5947.9251.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10.9939.0042.0420.8717.301.881.29
Revenue growth-71.8%-7.2%+101.4%+20.6%+820.2%+45.7%-
Other income0.180.510.480.010.010.000.00
Total expenses10.4940.1042.1619.0916.191.781.24
Employee cost4.926.452.931.990.660.380.17
EBITDA0.50(1.10)(0.12)1.781.110.100.05
EBITDA margin+4.6%-2.8%-0.3%+8.5%+6.4%+5.3%+3.9%
Depreciation0.340.380.300.210.030.000.00
Interest0.050.080.010.000.000.000.00
Profit before tax0.29(1.05)0.051.581.090.100.05
Tax0.12(0.03)0.01(0.01)0.300.030.01
Net profit0.17(1.02)0.041.590.790.070.04
Net profit margin+1.6%-2.6%+0.1%+7.6%+4.6%+3.7%+3.1%
EPS (₹)0.55(3.30)0.147.06792.3070.2527.03
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.083.083.082.260.010.010.01
Reserves & surplus11.8011.6312.641.720.880.090.02
Shareholders' funds (net worth)14.8814.7115.723.980.890.100.03
Secured loans0.060.710.000.000.000.000.00
Unsecured loans0.000.000.000.000.580.240.23
Total debt0.060.710.000.000.580.240.23
Total liabilities15.4415.8616.154.131.470.340.26
Assets
Gross block2.182.071.501.020.570.030.03
Net block1.061.160.960.770.540.020.03
Capital work in progress8.572.030.960.000.000.000.00
Investments0.010.010.000.000.000.000.00
Inventories0.020.020.020.000.000.000.11
Sundry debtors3.986.084.512.821.570.210.36
Cash & bank balances1.417.024.230.480.230.210.00
Loans & advances1.781.030.760.670.080.310.16
Total current assets7.1914.159.523.971.880.730.63
Total current liabilities2.212.361.291.080.930.521.14
Net working capital4.9811.798.232.890.950.21(0.51)
Total assets15.4415.8616.154.131.470.340.26
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash3.802.940.440.230.210.000.00
Net cash from operating activities1.74(1.84)(1.42)(0.27)0.210.10(0.20)
Net cash from investing activities(4.02)2.07(7.77)(0.44)(0.53)(0.01)(0.02)
Net cash from financing activities(0.70)0.6311.690.920.340.010.22
Net change in cash(2.97)0.862.500.210.020.110.00
Closing cash1.417.024.230.480.230.210.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-71.8%-7.2%+101.4%+20.6%+820.2%+45.7%-
EBITDA growth+145.5%-816.7%-106.7%+60.4%+1010.0%+100.0%-
PBT growth+9998.0%--96.8%+45.0%+990.0%+100.0%+400.0%
Net income growth+116.7%-2650.0%-97.5%+101.3%+1028.6%+75.0%-
Revenue CAGR (3Y)-19.3%+31.1%+181.7%+152.9%+358.1%--
EBITDA CAGR (3Y)-34.5%--+229.0%+380.6%--
Profitability & leverage
Net income margin+1.6%-2.6%+0.1%+7.6%+4.6%+3.7%+3.1%
Return on capital employed+2.2%-6.1%+0.6%+56.5%+120.4%+37.3%+14.8%
Return on net worth+1.2%-6.7%+0.4%+65.7%+159.6%+133.3%+133.3%
Debt / equity0.030.020.000.120.833.9212.00
Long-term debt / equity0.000.000.000.000.000.000.50
Interest cover31.25-5.41-2.380.000.000.000.00
Efficiency & per share
Fixed asset turnover5.1721.8533.3726.2557.6775.20129.00
Inventory turnover549.501,950.004,204.000.000.0034.1819.85
Debtors turnover2.187.3711.479.5119.446.717.17
EPS (₹)0.55(3.30)0.147.06792.3070.2527.03
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)48.2747.7351.0217.62891.5099.1528.90
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You're viewing the latest exchange-filed financials for Ahasolar Technologies Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
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Peer Comparison of Ahasolar Technologies Limited

Ahasolar Technologies Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ahasolar Technologies Limited this company₹91.97 Cr (FY 2026)••••••••58.6%••••Ahmedabad, Gujarat, India
Graymatter Software Services Private Limited₹60.8 Cr (FY 2025)••••••••43.0%••••Bangalore, Karnataka, India
Smarterp Consulting Private Limited₹60.66 Cr (FY 2024)••••••••0.0%••••Bangalore, Karnataka, India
Roundcircle Technologies Private Limited₹60.65 Cr (FY 2025)••••••••575.0%••••Gurgaon, Haryana, India
Josh Software Private Limited₹60.03 Cr (FY 2025)••••••••-15.0%••••Pune, Maharashtra, India
Aarav Global Products and Services Private Limited₹59.65 Cr (FY 2024)••••••••162.0%••••Mumbai, Maharashtra, India
Vanenburg Software (India) Private Limited₹58.45 Cr (FY 2025)••••••••46.0%••••Coimbatore, Tamil Nadu, India
Mitel Cloud Communications Private Limited₹57.79 Cr (FY 2023)••••••••-3.0%••••Nagawara, Karnataka, India
Tristha Global Private Limited₹57.66 Cr (FY 2025)••••••••73.0%••••Chennai, Tamil Nadu, India
RSG Media Systems Private Limited₹57.4 Cr (FY 2025)••••••••-30.0%••••Gurgaon, Haryana, India
Sapience Analytics Private Limited₹57.29 Cr (FY 2025)••••••••5.0%••••Pune, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Ahasolar Technologies by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Auditor Details of Ahasolar Technologies Limited

Ahasolar Technologies Limited is audited by A J JAIN & CO for the financial year 2021.

NameStatusAppointment DateCessation Date
A J JAIN & COLockedLockedLocked
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Board of Directors and KMP of Ahasolar Technologies Limited

Ahasolar Technologies Limited currently reports 8 directors and 1 key managerial person. 3 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Darshil Hemendrakumar ShahCompany Secretary25 Jul 20233 Years 2 MonthsCurrent
Dinesh Chhabildas ShahAdditional Director05 Mar 20260 Years 7 MonthsCurrent
Shatrughan Harinarayan YadavDirector15 Dec 20223 Years 9 MonthsCurrent
Vilin Devkaran DavdaDirector15 Dec 20223 Years 9 MonthsCurrent
Ashokkumar Ratilal PatelDirector08 Oct 20224 Years 0 MonthsCurrent
Garima HeeraniDirector08 Oct 20224 Years 0 MonthsCurrent
Showing 6 of 9 current directors and KMP. View all directors and KMP

Shareholding Pattern of Ahasolar Technologies Limited

Shareholding for the quarter ended Sep 2026: promoters hold 37.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 63.00%.

Promoters: 37.00%Retail & Others: 63.00%
Sep 2026
QUARTER
37.00% Promoters
63.00% Retail & Others
Promoter holding - history
Now 37.00% · Sep 2026High 37.00% · Dec 2025Low 37.00% · Dec 2025
36%36.5%37%37.5%38%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 37.00%Mar 2026: 37.00%Jun 2026: 37.00%Sep 2026: 37.00%37.00%37.00%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters37.00%37.00%37.00%37.00%
Public63.00%63.00%63.00%63.00%

Charges & Borrowings of Ahasolar Technologies Limited

Open charges
₹2.1 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Others₹2.02 Cr
Hdfc Bank Limited₹0.08 Cr
Latest charge details
DateLenderAmountStatus
30 Jul 2026Others₹2 CrOpen
17 Jun 2025Hdfc Bank Limited₹8 LakhOpen
21 Feb 2024Others₹2.25 LakhOpen
20 Aug 2024Hdfc Bank Limited₹1.5 CrSatisfied

Total charge records: 4 View all charges

Deals & Funding of Ahasolar Technologies Limited

Ahasolar Technologies Limited has 20 deals on record (14 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.21 Cr; the latest was in February 2024.

Total deals
20
Market trades
14
Funding rounds
2
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹1.21 Cr

Deals on record (5 of 20)

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Associated Brands with Ahasolar Technologies Limited

Ahasolar Technologies operates one associated brand: AhaSolar. Each brand links to its own profile.

BrandDescriptionWebsite
Software solutions for solar design and analysis are provided.ahasolar.in

Employees and EPFO Compliance at Ahasolar Technologies Limited

Ahasolar Technologies Limited has a workforce of 44 employees as of Jul 04, 2024.

Employee count
44
Active EPFO establishments
1
Employee growth
62.96%
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CIN History of Ahasolar Technologies Limited

Ahasolar Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999GJ2017PLC098479, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L74999GJ2017PLC098479Current
U74999GJ2017PLC098479Previous
U74999GJ2017PTC098479Previous

News related to Ahasolar Technologies Limited

Recent Activity on Ahasolar Technologies Limited

Ahasolar Technologies Limited has 9 board changes on record since 2022: 9 appointments. The latest: Dinesh Chhabildas Shah was appointed as Additional Director on 05 Mar 2026.

Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 101374021 was registered on 30 Jul 2026.
Appointed
Dinesh Chhabildas Shah was appointed as Additional Director.
Charges
A charge registered on 20 Aug 2024 via Charge ID 100966818 with Hdfc Bank Limited was fully satisfied on 27 Oct 2025.
AGM
Ahasolar Technologies Limited last Annual general meeting of members was held on 22 Aug 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 101108764 was registered on 17 Jun 2025.
Filing
Ahasolar Technologies Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1.50 Cr with Charge ID 100966818 was registered on 20 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.02 Cr with Charge ID 100893130 was registered on 21 Feb 2024.
Appointed
Darshil Hemendrakumar Shah was appointed as Company Secretary.
Appointed
Shatrughan Harinarayan Yadav was appointed as Director.
Appointed
Vilin Devkaran Davda was appointed as Director.
Appointed
Ashokkumar Ratilal Patel was appointed as Director.

5 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Ahasolar Technologies Limited

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MSME Payment Delays by Ahasolar Technologies Limited

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Subsidiaries & Group Companies of Ahasolar Technologies Limited

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GST Compliance of Ahasolar Technologies Limited

Ahasolar Technologies has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
24AAPCA8684G1Z7GujaratActive05 Nov 2018
30AAPCA8684G1ZEGoaActive22 Aug 2023
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MCA Filings & Documents of Ahasolar Technologies Limited

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Frequently Asked Questions about Ahasolar Technologies Limited

Ahasolar Technologies is an active public limited company based in Ahmedabad, Gujarat, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 28 July 2017 (9+ years old) and is registered under CIN L74999GJ2017PLC098479.

Ahasolar Technologies reported revenue of ₹91.97 Cr for FY 2025-26 (up 58.6% YoY) based on consolidated financials.

Ahasolar Technologies has 9 current directors and KMP:

The GSTIN of Ahasolar Technologies is 24AAPCA8684G1Z7, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAPCA8684G1ZE (Goa).

The CIN (Corporate Identification Number) of Ahasolar Technologies is L74999GJ2017PLC098479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Ahasolar Technologies is a listed company.

Ahasolar Technologies was incorporated on 28 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Ahasolar Technologies has 20 deals on record (14 market trades, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1.21 Cr; the latest was in February 2024.

The peers of Ahasolar Technologies by revenue are Graymatter Software Services Private Limited, Smarterp Consulting Private Limited, Roundcircle Technologies Private Limited, Josh Software Private Limited, Aarav Global Products and Services Private Limited and 5 more, all in the Information Technology industry (Software Services).

Dinesh Chhabildas Shah was appointed as Additional Director on 05 Mar 2026. Darshil Hemendrakumar Shah was appointed as Company Secretary on 25 Jul 2023. Shatrughan Harinarayan Yadav was appointed as Director on 15 Dec 2022. Ahasolar Technologies has 9 board changes on record in total.

Yes, Ahasolar Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

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