About Athena Hisar Solar Power Private Limited
Data last updated:
Athena Hisar Solar Power Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Actis Greengen Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 22 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40102DL2016PTC420003. Its GSTIN is 37AAOCA5969P1ZK (Andhra Pradesh).
The company has an authorised share capital of ₹6.5 Cr and a paid-up capital of ₹2.82 Cr. It was formerly known as Acme Hisar Solar Power Private Limited. It is led by directors including Venkata Ram Mohan and Ralf Winfried Friedrich Nowack.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at J5/132, Third Floor Rajouri Garden New Delhi, Delhi, India – 110027.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.09 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹8.19 Cr (net margin -15.7%) and EBITDA of ₹45.03 Cr (EBITDA margin 86.4%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company has open charges of ₹284.54 Cr and satisfied charges of ₹2,057.4 Cr on record. The company has 6 deals on record (2 convertible or debt financings, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹21.63 Cr; the latest was in August 2020. Its 5 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Avaada Mhgreen Private Limited with revenue of ₹52.25 Cr. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 4 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 acme.in.
Company details
CIN history
Athena Hisar Solar Power has one previous CIN (Corporate Identification Number): U40102HR2016PTC057935. The current CIN is U40102DL2016PTC420003, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40102DL2016PTC420003 | Current |
| U40102HR2016PTC057935 | Previous |
Contact details
Athena Hisar Solar Power Private Limited's registered office is in New Delhi, Delhi. Its website is acme.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJ5/132, Third Floor Rajouri Garden New Delhi, Delhi, India – 110027
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Athena Hisar Solar Power 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 Athena Hisar Solar Power 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 |
To see the full business activity and turnover split of Athena Hisar Solar Power Private Limited, buy the company report.
Financials of Athena Hisar Solar Power Private Limited
FY 2025 filings availableAthena Hisar Solar Power Private Limited reported revenue of ₹52.09 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 7% fall in the latest year. EBITDA fell 10% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹45.03 Cr | ||||
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| Net Profit (PAT) | -₹8.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.4% | ||||
| Net Profit Margin | -15.7% | ||||
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To see the full financial statements and ratios of Athena Hisar Solar Power Private Limited, buy the company report.
Board of directors of Athena Hisar Solar Power Private Limited
Athena Hisar Solar Power has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venkata Ram Mohan | Director | 30 Sep 2020 | 6 Years 1 Months | Current |
| Ralf Winfried Friedrich Nowack | Director | 25 Feb 2022 | 4 Years 8 Months | Current |
| Sumit Sen | Director | 13 Jul 2020 | 6 Years 3 Months | Current |
Peer comparison
Athena Hisar Solar Power Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avaada Mhgreen Private Limited | ₹52.25 Cr (FY 2025) | Noida, Uttar Pradesh, India | ||||
| Azure Power (Raj.) Private Limited | ₹52.19 Cr (FY 2025) | -14.0% | New Delhi, Delhi, India | |||
| Sunshakti Solar Power Projects Private Limited | ₹52.17 Cr (FY 2025) | 1.0% | Ahmedabad, Gujarat, India | |||
| Athena Hisar Solar Power Private Limitedthis company | ₹52.09 Cr (FY 2025) | -₹8.19 Cr | -15.7% | -7.0% | New Delhi, Delhi, India | |
| Acme Solar Energy (Madhya Pradesh) Private Limited | ₹51.81 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India | |||
| Dayakara Solar Power Private Limited | ₹51.63 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Athena Hisar Solar Power Private Limited, buy the company report.
Auditor
Athena Hisar Solar Power Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Athena Hisar Solar Power 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 Athena Hisar Solar Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 2024 | 100962045 | Others | ₹257.04 Cr | Open | |
| 08 May 2019 | 100259676 | Others | ₹27.5 Cr | Open | |
| 14 Oct 2021 | 100496428 | Others | ₹276.7 Cr | Satisfied | |
| 14 Oct 2021 | 100496431 | Others | ₹949.8 Cr | Satisfied | |
| 14 Oct 2021 | 100496434 | Others | ₹276.7 Cr | Satisfied |
To see the full charge records of Athena Hisar Solar Power Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Athena Hisar Solar Power Private Limited has 6 deals on record (2 convertible or debt financings, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹21.63 Cr; the latest was in August 2020.
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: Actis GreenGen Limited & Ramamurthy Muthuswamy, Actis GreenGen Limited Seller: Acme Solar Holdings Limited & Ramamurthy Muthusamy, Acme Solar Holdings Limited |
| Jan 2017 | Acquisition | ₹80.43 Cr | Buyer: Acme Solar Holdings Limited |
| Sep 2016 | Rights issue | ₹6.4 Lakh | Investors: Acme Solar Holdings Limited |
| Sep 2016 | Acquisition | ₹12 Cr | Buyer: Acme Solar Holdings Limited |
To see the full deal history of Athena Hisar Solar Power Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Athena Hisar Solar Power 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
Athena Hisar Solar Power Private Limited was last rated by Indiarating on 17 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Aug 2021 |
To see the full credit ratings and regulatory alerts of Athena Hisar Solar Power Private Limited, buy the company report.
MSME payment delays
Athena Hisar Solar Power Private Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 4 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 |
|---|---|---|---|
| Athena Hisar Solar Power Private Limited | |||
| Armax Automation Pvt Ltd | |||
| Ipr Technologies Private Limited | |||
| Chiraharit Limited |
To see the full MSME payment records of Athena Hisar Solar Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Athena Hisar Solar Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAOCA5969P1ZK | Andhra Pradesh | Active | 07 Jun 2018 |
To see the full GST registrations and return filing status of Athena Hisar Solar Power Private Limited, buy the company report.
Recent activity
Athena Hisar Solar Power Private Limited has 14 board changes on record since 2016: 3 appointments and 11 cessations. The latest: Ralf Winfried Friedrich Nowack ceased to be Additional Director on 30 Sep 2022.
21 earlier events are in the company report.
News
Frequently asked questions
Athena Hisar Solar Power is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 22 January 2016 (10+ years old) and is registered under CIN U40102DL2016PTC420003.
Athena Hisar Solar Power has 3 current directors:
- Venkata Ram Mohan - Director
- Ralf Winfried Friedrich Nowack - Director
- Sumit Sen - Director
The latest financial statements of Athena Hisar Solar Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Athena Hisar Solar Power is 37AAOCA5969P1ZK, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Athena Hisar Solar Power is U40102DL2016PTC420003. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Athena Hisar Solar Power was incorporated on 22 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Athena Hisar Solar Power has 6 deals on record (2 convertible or debt financings, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹21.63 Cr; the latest was in August 2020.
The peers of Athena Hisar Solar Power by revenue are Avaada Mhgreen Private Limited, Azure Power (Raj.) Private Limited, Sunshakti Solar Power Projects Private Limited, Acme Solar Energy (Madhya Pradesh) Private Limited, Dayakara Solar Power Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Ralf Winfried Friedrich Nowack ceased to be Additional Director on 30 Sep 2022. Ralf Winfried Friedrich Nowack was appointed as Director on 25 Feb 2022. Preyavart Vishnudan Gadhavi ceased to be Additional Director on 21 Dec 2020. Athena Hisar Solar Power has 14 board changes on record in total.
Athena Hisar Solar Power has 3 MSME Form 1 returns on record between 2022 and 2023, listing 4 overdue payments to 4 micro and small suppliers. The latest return was filed on 26 Apr 2023.
Athena Hisar Solar Power can be reached through the website acme.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Athena Hisar Solar Power is at J5132, Third Floor Rajouri Garden New Delhi, Delhi, India – 110027.
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