About Ashtavinayak Solar Technology Private Limited
Data last updated:
Ashtavinayak Solar Technology Private Limited is a private limited company based in Solapur, Maharashtra, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 17 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31900PN2016PTC164560. Its GSTIN is 27AAOCA4179K1Z3 (Maharashtra).
The company has an authorised share capital of ₹3.05 Cr and a paid-up capital of ₹3.05 Cr. It is led by directors Balaprasad Madanlal Oza and Daryappa Sharanappa Jakapure.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 1A/4 Balives Near Vikas Bank West Mangalwar Peth, Solapur, Maharashtra, India – 413002.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.8 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹14.41 Lakh (net margin -248.6%) and EBITDA of -₹2.88 Lakh (EBITDA margin -49.6%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 1% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ashtavinayak Solar. As per MCA filings, the company has open charges of ₹2.5 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashtavinayaksolar.com.
Company details
Contact details
Ashtavinayak Solar Technology Private Limited's registered office is in Solapur, Maharashtra. Its website is ashtavinayaksolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1A/4 Balives Near Vikas Bank West Mangalwar Peth, Solapur, Maharashtra, India – 413002
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Ashtavinayak Solar Technology 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
Brands
Ashtavinayak Solar Technology operates one associated brand: Ashtavinayak Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ashtavinayak Solar manufactures solar panels and provides EPC services for renewable energy projects. | ashtavinayaksolar.com |
Business activity
The main business activity of Ashtavinayak Solar Technology is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
Financials of Ashtavinayak Solar Technology Private Limited
FY 2023 filings availableAshtavinayak Solar Technology Private Limited reported revenue of ₹5.8 Lakh (down 78% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 78% fall in the latest year. EBITDA fell 17% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.88 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.41 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -49.6% | ||||
| Net Profit Margin | -248.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ashtavinayak Solar Technology Private Limited, buy the company report.
Board of directors of Ashtavinayak Solar Technology Private Limited
Ashtavinayak Solar Technology has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balaprasad Madanlal Oza Also directs: Antariksh Multicons Private Limited | Director | 17 May 2016 | 10 Years 5 Months | Current |
| Daryappa Sharanappa Jakapure | Director | 17 May 2016 | 10 Years 5 Months | Current |
Auditor
Ashtavinayak Solar Technology Private Limited is audited by H. P. DAGA & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H. P. DAGA & CO. | FY 2021 | 101991W |
Shareholding
The shareholding of Ashtavinayak Solar Technology 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 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ashtavinayak Solar Technology Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Aug 2017 | 100123037 | Bank of India | ₹2.5 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Ashtavinayak Solar Technology Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ashtavinayak Solar Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ashtavinayak Solar Technology Private Limited has a workforce of 6 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Ashtavinayak Solar Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCA4179K1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ashtavinayak Solar Technology Private Limited, buy the company report.
Recent activity
Ashtavinayak Solar Technology Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Shrikanti Siddheshwar Nilange ceased to be Director on 15 May 2023.
Frequently asked questions
Ashtavinayak Solar Technology is an active private limited company based in Solapur, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 17 May 2016 (10+ years old) and is registered under CIN U31900PN2016PTC164560.
Ashtavinayak Solar Technology has 2 current directors:
- Balaprasad Madanlal Oza - Director
- Daryappa Sharanappa Jakapure - Director
The latest financial statements of Ashtavinayak Solar Technology on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Ashtavinayak Solar Technology is 27AAOCA4179K1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ashtavinayak Solar Technology is U31900PN2016PTC164560. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashtavinayak Solar Technology was incorporated on 17 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
Shrikanti Siddheshwar Nilange ceased to be Director on 15 May 2023. Balaprasad Madanlal Oza was appointed as Director on 17 May 2016. Daryappa Sharanappa Jakapure was appointed as Director on 17 May 2016.
Ashtavinayak Solar Technology can be reached through the website ashtavinayaksolar.com. Its registered office is in Solapur, Maharashtra, India.
The registered office of Ashtavinayak Solar Technology is at 1A4 Balives Near Vikas Bank West Mangalwar Peth, Solapur, Maharashtra, India – 413002.
Ashtavinayak Solar Technology operates in the environment industry, in the solar energy solutions segment.