
About Arina Solar Private Limited
Data last updated:
Arina Solar Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji Infrastructure Capital Company Private Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 15 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2017PTC291204. Its GSTIN is 27AAPCA1656E1ZN (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹42 Cr and a paid-up capital of ₹1.36 Cr. It is led by directors Sunil Vasudeo Kulkarni and Jose Kuruvilla.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shapoorji Pallonji Centre 41/44 Minoo Desai Marg, Mumbai, Maharashtra, India – 400005.
Court records list 2 cases involving the company, including 2 filed by the company. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2019. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 34 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shapoorji.in.
Company details
Contact details
Arina Solar Private Limited's registered office is in Mumbai, Maharashtra. Its website is shapoorji.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShapoorji Pallonji Centre 41/44 Minoo Desai Marg, Mumbai, Maharashtra, India – 400005
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Arina Solar Private 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
Business activity
The main business activity of Arina Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
Financials of Arina Solar Private Limited
FY 2025 filings availableFinancial 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 | |||||
| Net Profit Margin | |||||
| 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 Arina Solar Private Limited, buy the company report.
Board of directors of Arina Solar Private Limited
Arina Solar has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Vasudeo Kulkarni Also directs: Egni Generation Private Limited, Rihand Floating Solar Private Limited, Samalpatti Power Company Private Limited and 4 more | Director | 15 Feb 2017 | 9 Years 8 Months | Current |
| Jose Kuruvilla Also directs: Egni Generation Private Limited, Rihand Floating Solar Private Limited, Aurinko Energy Private Limited and 1 more | Director | 05 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Arina Solar Private Limited is audited by Shah Dedhia and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Dedhia and Associates | FY 2023 | 102605W |
Shareholding
The shareholding of Arina Solar Private 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 Arina Solar Private Limited, buy the company report.
Deals & funding
Arina Solar Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Shapoorji Pallonji Solar Holdings Private Limited Seller: Shapoorji Pallonji Infrastructure Capital Company Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Arina Solar Private Limited has 2 court cases on record: 2 filed by Arina Solar. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Jharkhand Bijli Vitran Nigam Ltd. Through Chairman and Managing Director Through Chairman and Managing Director at Engineering Building, Hec Dhurwa Ranchi ,Ranchi , Jharkhand and 2 others | Disposed |
| High Court of Delhi | Writ petition | Filed by the company against Central Electricity Regulatory Commission & Ors. | Disposed |
To see the full case history of Arina Solar Private 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.
MSME payment delays
Arina Solar Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 34 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 | |||
| MRB & Associates | |||
| an individual supplier | |||
| Mufg Intime India Private Limited |
To see the full MSME payment records of Arina Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Arina Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCA1656E1ZN | Maharashtra | Active | 10 Oct 2018 |
To see the full GST registrations and return filing status of Arina Solar Private Limited, buy the company report.
Recent activity
Arina Solar Private Limited has 5 board changes on record since 2017: 2 appointments and 3 cessations. The latest: Jose Kuruvilla ceased to be Additional Director on 07 Sep 2022.
News
Frequently asked questions
Arina Solar is an active private limited company based in Mumbai, Maharashtra, India. The company works in electric power generation, within the energy industry. It was incorporated on 15 February 2017 (9+ years old) and is registered under CIN U40106MH2017PTC291204.
Arina Solar has 2 current directors:
- Sunil Vasudeo Kulkarni - Director
- Jose Kuruvilla - Director
The latest financial statements of Arina Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Arina Solar is 27AAPCA1656E1ZN, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Arina Solar is U40106MH2017PTC291204. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arina Solar has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Arina Solar was incorporated on 15 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Arina Solar has 1 deal on record (1 secondary share transfer); the latest was in March 2019.
Jose Kuruvilla ceased to be Additional Director on 07 Sep 2022. Mitesh Pankajkumar Soni ceased to be Director on 10 Aug 2022. Jose Kuruvilla was appointed as Director on 05 Aug 2022. Arina Solar has 5 board changes on record in total.
Arina Solar has 13 MSME Form 1 returns on record between 2019 and 2024, listing 34 overdue payments to 4 micro and small suppliers. The latest return was filed on 24 Apr 2024.
Arina Solar can be reached through the website shapoorji.in. Its registered office is in Mumbai, Maharashtra, India.