About Ajit Solar Private Limited
Data last updated:
Ajit Solar Private Limited is a private limited company based in Jaipur, Rajasthan, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 24 May 2007.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40106RJ2007PTC024478. Its GSTIN is 08AAGCA3878F1ZI (Rajasthan).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.92 Cr. It is led by directors including Priya Singh Gehlot (Managing Director) and Bihari Chakravarti Lal (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at National Motors Building M.I.Road, Jaipur, Rajasthan, India – 302001.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.34 Cr, a decline of 37% compared to the previous year. For the same year it recorded a net loss of ₹3.7 Cr (net margin -110.6%) and EBITDA of -₹19.95 Lakh (EBITDA margin -6%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
The company has about 24 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ajit Solar. As per MCA filings, the company has open charges of ₹30 Lakh and satisfied charges of ₹54.78 Cr on record. Court records list 8 cases involving the company, including 4 filed by the company and 3 filed against it.
The last known website on record is ajitsolar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNational Motors Building M.I.Road, Jaipur, Rajasthan, India – 302001
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
- One PDF report, delivered after checkout
Associated Brands with Ajit Solar Private Limited
Ajit Solar operates one associated brand: Ajit Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar PV modules for renewable energy solutions. | ajitsolar.com |
Business Activity of Ajit Solar Private Limited
The main business activity of Ajit Solar is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ajit Solar Private Limited FY 2018 filings available
Ajit Solar Private Limited reported revenue of ₹3.34 Cr (down 37% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Ajit Solar Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 37% fall in the latest year. EBITDA fell 112% 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 of Ajit Solar Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | ₹3.34 Cr | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹19.95 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹3.7 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 of Ajit Solar Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -6% | •••• | •••• | •••• |
| Net Profit Margin | -110.6% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ajit Solar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Ajit Solar Private Limited
Ajit Solar has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bihari Chakravarti Lal | Irp/Rp/Liquidator | 12 Dec 2024 | 1 Years 10 Months | As last reported |
| Ajit Singh Gehlot Also directs: Swastika Woollen Industries Private Limited | Director | 24 May 2007 | 19 Years 4 Months | As last reported |
| Priya Singh Gehlot Also directs: Swastika Woollen Industries Private Limited | Managing Director | 24 May 2007 | 19 Years 4 Months | As last reported |
Peer Comparison of Ajit Solar Private Limited
Ajit Solar Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Plasto Eltronics Private Limited | ₹3.38 Cr (FY 2024) | •••• | •••• | -71.0% | •••• | Kolkata, West Bengal, India |
| Excel Aircon Pvt Ltd | ₹3.38 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | New Delhi, Delhi, India |
| Lakhdatar Power Energy Private Limited | ₹3.36 Cr (FY 2025) | •••• | •••• | 411.0% | •••• | Jaipur, Rajasthan, India |
| Starway Energy Private Limited | ₹3.35 Cr (FY 2025) | •••• | •••• | 239.0% | •••• | Meerut, Uttar Pradesh, India |
| LX Power Engineering Private Limited | ₹3.35 Cr (FY 2018) | •••• | •••• | -15.0% | •••• | Delhi, India |
| Ajit Solar Private Limited this company | ₹3.34 Cr (FY 2018) | •••• | •••• | -37.0% | •••• | Jaipur, Rajasthan, India |
| Thuse Elektronics Private Limited | ₹3.34 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| Biocon Switchgear Private Limited | ₹3.34 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Delhi, India |
| Sonce Technologies(India) Private Limited | ₹3.34 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bangalore, Karnataka, India |
| Control Effects Pune Pvt Ltd | ₹3.34 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Pune, Maharashtra, India |
| Apple Systems Pvt Ltd | ₹3.34 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Beleghata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Ajit Solar by revenue in the Power industry (Power Equipment Manufacturers), 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 Ajit Solar Private Limited
Ajit Solar Private Limited is audited by D KHANNA & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D KHANNA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Ajit Solar Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ajit Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Dec 2018 | Others | ₹30 Lakh | Open |
| 14 Nov 2015 | Kotak Mahindra Bank Limited | ₹6 Cr | Satisfied |
| 14 Mar 2008 | Oriental Bank of Commerce | ₹10 Cr | Satisfied |
| 14 Mar 2008 | Oriental Bank of Commerce | ₹5.75 Cr | Satisfied |
| 12 Mar 2008 | The Bank of Rajasthan Limited | ₹1.5 Cr | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Ajit Solar Private Limited
Ajit Solar Private Limited has 8 court cases on record: 4 filed by Ajit Solar, 3 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| NCLAT | 3 | 3 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed by the company against The Bank of Baroda Limited | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against The Bank of Baroda Limited | Disposed |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by Commissioner of Customs | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed against the company by Commissioner of Customs | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against Union of India | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ajit Solar Private Limited
Employment history and EPFO contributions of people linked to Ajit Solar.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ajit Solar Private Limited
Ajit Solar Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Bihari Chakravarti Lal was appointed as Irp/Rp/Liquidator on 12 Dec 2024.
12 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ajit Solar Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ajit Solar Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ajit Solar Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ajit Solar Private Limited
Ajit Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAGCA3878F1ZI | Rajasthan | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ajit Solar Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ajit Solar Private Limited
Ajit Solar is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ajit Solar is a company under liquidation, formerly operating as a private limited company based in Jaipur, Rajasthan, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 24 May 2007 and is registered under CIN U40106RJ2007PTC024478. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ajit Solar reported revenue of ₹3.34 Cr for FY 2018 (down 37% YoY).
Ajit Solar has 3 current directors:
- Priya Singh Gehlot - Managing Director
- Ajit Singh Gehlot - Director
- Bihari Chakravarti Lal - Irp/Rp/Liquidator
Ajit Solar reported a net loss of ₹3.7 Cr (net margin -110.6%) and EBITDA of -₹19.95 Lakh (EBITDA margin -6%) for FY 2018, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ajit Solar is -50% over three years. In the latest year (FY 2018) revenue fell 37%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Ajit Solar is U40106RJ2007PTC024478. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ajit Solar has open charges of ₹30 Lakh and satisfied charges of ₹54.78 Cr as per latest MCA filings.
Ajit Solar has 8 court cases on record: 4 filed by the company and 3 filed against it. Most are in the high courts.
Ajit Solar was incorporated on 24 May 2007. It is registered with the Registrar of Companies, Jaipur.
The peers of Ajit Solar by revenue are Plasto Eltronics Private Limited, Excel Aircon Pvt Ltd, Lakhdatar Power Energy Private Limited, Starway Energy Private Limited, LX Power Engineering Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).