About Avaada Mhsolar Private Limited
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Avaada Mhsolar Private Limited is a private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Avaada Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U40100UP2020PTC135375. Its GSTIN is 27AAUCA1600K1ZL (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Thozhutharathu Ramachandran Kishor Nair and Amit Sengupta.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C – 11 Sector – 65 Gautam Buddha Nagar, Noida, Uttar Pradesh, India – 201301.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.76 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.21 Cr (net margin 32.7%) and EBITDA of ₹6.66 Cr (EBITDA margin 98.5%). Revenue has grown at a compounded annual rate (CAGR) of 110% over three years.
Its group structure includes 4 subsidiaries.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹1,226.4 Cr and satisfied charges of ₹806 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹106 Cr; the latest was in April 2022. Its 4 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 1 smaller; the largest is Fpel Sunrise Private Limited with revenue of ₹6.9 Cr.
For more details, the company can be reached via its website avaada.com.
Company details
Contact details
Avaada Mhsolar Private Limited's registered office is in Noida, Uttar Pradesh. Its website is avaada.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC – 11 Sector – 65 Gautam Buddha Nagar, Noida, Uttar Pradesh, India – 201301
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Avaada Mhsolar 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
Avaada Mhsolar operates one associated brand: Avaada Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy projects in solar, wind, and storage are developed. | avaada.com |
Business activity
The main business activity of Avaada Mhsolar 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 Avaada Mhsolar Private Limited, buy the company report.
Financials of Avaada Mhsolar Private Limited
FY 2025 filings availableAvaada Mhsolar Private Limited reported revenue of ₹6.76 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 110% over three years, including 9% growth in the latest year. EBITDA rose 12% 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 | ₹6.66 Cr | ||||
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| Net Profit (PAT) | ₹2.21 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 98.5% | ||||
| Net Profit Margin | 32.7% | ||||
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To see the full financial statements and ratios of Avaada Mhsolar Private Limited, buy the company report.
Board of directors of Avaada Mhsolar Private Limited
Avaada Mhsolar has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thozhutharathu Ramachandran Kishor Nair | Director | 26 Mar 2021 | 5 Years 6 Months | Current |
| Amit Sengupta Also directs: Mskvy First Kusum Private Limited, Mskvy Fifth Solar Private Limited, Mskvy Eleventh Solar Private Limited and 5 more | Director | 19 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Avaada Mhsolar Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Fpel Sunrise Private Limited | ₹6.9 Cr (FY 2024) | 24550.0% | Hyderabad, Telangana, India | |||
| Abijit Solar Energy Private Limited | ₹6.89 Cr (FY 2024) | 20.0% | Hyderabad, Telangana, India | |||
| Ishaan Solar Power Private Limited | ₹6.88 Cr (FY 2024) | -59.0% | Chennai, Tamil Nadu, India | |||
| Avaada Mhsolar Private Limitedthis company | ₹6.76 Cr (FY 2025) | ₹2.21 Cr | 32.7% | 9.0% | Noida, Uttar Pradesh, India | |
| Supreme Sun Power Tech Private Limited | ₹6.71 Cr (FY 2024) | 63082.0% | Sivakasi, Tamil Nadu, India |
To see the full peer comparison of Avaada Mhsolar Private Limited, buy the company report.
Auditor
Avaada Mhsolar Private Limited is audited by Goyal Malhotra & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Goyal Malhotra & Associates | FY 2022 | 008015C |
Shareholding
The shareholding of Avaada Mhsolar Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Avaada Mhsolar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2025 | 101105985 | Others | ₹408.8 Cr | Open | |
| 30 Sep 2024 | 100993180 | Others | ₹104 Cr | Open | |
| 30 Sep 2024 | 100993181 | Others | ₹103.34 Cr | Open | |
| 30 Sep 2024 | 100993184 | Others | ₹101 Cr | Open | |
| 30 Sep 2024 | 100993193 | Others | ₹100.46 Cr | Open |
To see the full charge records of Avaada Mhsolar Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Avaada Mhsolar Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹106 Cr; the latest was in April 2022.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round | ₹106 Cr | Investors: Avaada Energy Private Limited |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited , Avaada Energy Private Limited & Sindoor Mittal Seller: Viraj Solar Maharashtra Private Limited , Viraj Solar Maharashtra Private Limited & Sindoor Mittal |
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 Avaada Mhsolar 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 Avaada Mhsolar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Avaada Mhsolar has 4 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avaada Mhamravati Private Limited | U40106UP2019PTC124014 | |
| Avaada Mhyavat Private Limited | U40106UP2019PTC124061 | |
| Avaada Mhvidarbha Private Limited | U40106UP2021PTC144594 | |
| Avaada Sunlight Private Limited | U40106UP2021PTC144941 |
To see the full group structure of Avaada Mhsolar Private Limited, buy the company report.
GST
Avaada Mhsolar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCA1600K1ZL | Maharashtra | Active | 07 Apr 2021 |
To see the full GST registrations and return filing status of Avaada Mhsolar Private Limited, buy the company report.
Recent activity
Avaada Mhsolar Private Limited has 7 board changes on record since 2021: 2 appointments and 5 cessations. The latest: Amit Sengupta ceased to be Additional Director on 25 Sep 2024.
20 earlier events are in the company report.
News
Frequently asked questions
Avaada Mhsolar is an active private limited company based in Noida, Uttar Pradesh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 29 September 2020 (6+ years old) and is registered under CIN U40100UP2020PTC135375.
Avaada Mhsolar has 2 current directors:
- Thozhutharathu Ramachandran Kishor Nair - Director
- Amit Sengupta - Director
The latest financial statements of Avaada Mhsolar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Avaada Mhsolar is 27AAUCA1600K1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Avaada Mhsolar is U40100UP2020PTC135375. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avaada Mhsolar was incorporated on 29 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
Avaada Mhsolar has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹106 Cr; the latest was in April 2022.
The peers of Avaada Mhsolar by revenue are Fpel Sunrise Private Limited, Abijit Solar Energy Private Limited, Ishaan Solar Power Private Limited, Supreme Sun Power Tech Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Amit Sengupta ceased to be Additional Director on 25 Sep 2024. Amit Sengupta was appointed as Director on 19 Dec 2023. Anurag Jain ceased to be Additional Director on 26 Sep 2023. Avaada Mhsolar has 7 board changes on record in total.
Avaada Mhsolar can be reached through the website avaada.com. Its registered office is in Noida, Uttar Pradesh, India.
The registered office of Avaada Mhsolar is at C – 11 Sector – 65 Gautam Buddha Nagar, Noida, Uttar Pradesh, India – 201301.