MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-09-0000330
Avatar Solar Private Limited - environment in Gandhinagar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.93 Cr
▼ 2% YoY
Net profit · FY 2025
₹29.28 Lakh
Net margin 4.2%
EBITDA · FY 2025
₹3.49 Cr
EBITDA margin 50.4%
Authorised capital
₹13.5 Cr
Registered with MCA
Paid-up capital
₹13.5 Cr
Issued & subscribed
Open charges
₹19.4 Cr
Satisfied ₹32.9 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
10
Provident fund records
About Avatar Solar Private Limited
Data last updated:
Avatar Solar Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 27 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2012PTC068770. Its GSTIN is 24AAKCA1956A2Z2 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹13.5 Cr. It is led by directors including Lopa Sachin Pandya and Falgun Dave Vibudh.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gandhinagar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.93 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹29.28 Lakh (net margin 4.2%) and EBITDA of ₹3.49 Cr (EBITDA margin 50.4%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19.4 Cr and satisfied charges of ₹32.9 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 2 cases are pending.
Avatar Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0000330). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avatarsolar.com.
Company details
CIN U40106GJ2012PTC068770
Registration Number 068770
Incorporation Date 27 January 2012
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-09-0000330
Recognitions & Rankings of Avatar Solar
Contact details
Avatar Solar Private Limited's registered office is in Gandhinagar, Gujarat. Its website is avatarsolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address33, Srijikunj Society Behind Baliyadev Temple Opposite Big Class Factory Kudasan, Gandhinagar, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Avatar Solar Private Limited, buy the company report.
Comprehensive company report
Avatar Solar Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Avatar 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 |
To see the full business activity and turnover split of Avatar Solar Private Limited, buy the company report.
Financials of Avatar Solar Private Limited
FY 2025 filings availableAvatar Solar Private Limited reported revenue of ₹6.93 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹6.93 Cr ▼ 2%
Net profit · FY 2025
₹29.28 Lakh margin 4.2%
EBITDA · FY 2025
₹3.49 Cr margin 50.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 4%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 16%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 2% fall in the latest year. EBITDA fell 8% 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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| Total Expenses | |||||
| EBITDA | ₹3.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹29.28 Lakh | ||||
| Balance Sheet | |||||
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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 | 50.4% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Avatar Solar Private Limited, buy the company report.
Board of directors of Avatar Solar Private Limited
Avatar Solar has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lopa Sachin Pandya | Director | 06 Jan 2020 | 6 Years 10 Months | Current |
| Falgun Dave Vibudh Also directs: A.S. Suntech Private Limited | Director | 27 Jan 2012 | 14 Years 9 Months | Current |
| Ushaben Umeshbhai Oza Also directs: A.S. Suntech Private Limited | Director | 27 Jan 2012 | 14 Years 9 Months | Current |
Peer comparison
Avatar Solar 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 |
|---|---|---|---|---|---|---|
| Cambria Solar Private Limited | ₹7 Cr (FY 2025) | -11.0% | Huvinahadagali, Karnataka, India | |||
| Canal Solar Energy Private Limited | ₹6.99 Cr (FY 2025) | -18.0% | Guruharsahai, Punjab, India | |||
| Avatar Solar Private Limitedthis company | ₹6.93 Cr (FY 2025) | ₹29.28 Lakh | 4.2% | -2.0% | 10 | Gandhinagar, Gujarat, 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 |
To see the full peer comparison of Avatar Solar Private Limited, buy the company report.
Auditor
Avatar Solar Private Limited is audited by Piyush J. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Piyush J. Shah & Co. | FY 2023 | 121172W |
Shareholding
The shareholding of Avatar 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 Avatar Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹19.4 Cr
Satisfied charges
₹32.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2025 | 101153333 | Hdfc Bank Limited | ₹10 Lakh | Open | |
| 29 Jan 2021 | 100417748 | Hdfc Bank Limited | ₹19.3 Cr | Open | |
| 23 Aug 2013 | 10447126 | Ptc India Financial Services Limited | ₹31.5 Cr | Satisfied | |
| 10 Aug 2012 | 10395932 | Waaree Energies Limited | ₹1.4 Cr | Satisfied |
To see the full charge records of Avatar Solar Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Avatar Solar Private Limited has 3 court cases on record: 3 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed against the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 2 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Moser Baer Energy Development Ltd(Now Porbandar Solar Power Ltd) Through Its Authorised Signatory Manish Verma Through Its Authorised Signatory Manish Verma 235, Okhla Industrial Estate, Phase III, New Delhi , District: New Delhi ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited General Manager (Com) General Manager (Com) Sardar Patel Vidyut Bhavan, Race Course , District: Vadodara ,Vadodara , Gujarat | Pending |
| Bombay High Court | Arbitration matter | Filed against the company by Waaree Energies Limited | Disposed |
To see the full case history of Avatar 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.
Credit ratings & regulatory alerts
Avatar Solar Private Limited was last rated by Crisil on 31 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 31 Jan 2020 |
To see the full credit ratings and regulatory alerts of Avatar Solar Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Avatar Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Avatar Solar Private Limited has a workforce of 10 employees on its EPFO records as of Mar 2026, across 1 active EPFO establishment.
Employee count
10
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 10 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Avatar Solar Private Limited, buy the company report.
GST
Avatar Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCA1956A2Z2 | Gujarat | Active | 30 May 2018 |
To see the full GST registrations and return filing status of Avatar Solar Private Limited, buy the company report.
Recent activity
Avatar Solar Private Limited has 5 board changes on record since 2012: 3 appointments and 2 cessations. The latest: Lopa Sachin Pandya ceased to be Additional Director on 19 Mar 2020.
AGM
Avatar Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101153333 was registered on 20 Aug 2025.
Filing
Avatar Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited of Rs. 19.30 Cr registered on 29 Jan 2021 with Charge ID 100417748 was modified on 15 Jul 2024.
Charges
A charge registered on 23 Aug 2013 via Charge ID 10447126 with Ptc India Financial Services Limited was fully satisfied on 30 Mar 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 19.30 Cr with Charge ID 100417748 was registered on 29 Jan 2021.
Ceased
Lopa Sachin Pandya ceased to be Additional Director.
Appointed
Lopa Sachin Pandya was appointed as Director.
Charges
A charge registered on 10 Aug 2012 via Charge ID 10395932 with Waaree Energies Limited was fully satisfied on 10 Oct 2019.
Ceased
Hitesh Pranjivan Mehta ceased to be Director.
Charges
A charge with Waaree Energies Limited of Rs. 1.40 Cr registered on 10 Aug 2012 with Charge ID 10395932 was modified on 06 Sep 2013.
Charges
A charge with Ptc India Financial Services Limited amounted to Rs. 31.50 Cr with Charge ID 10447126 was registered on 23 Aug 2013.
4 earlier events are in the company report.
Frequently asked questions
Avatar Solar is an active private limited company based in Gandhinagar, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 27 January 2012 (14+ years old) and is registered under CIN U40106GJ2012PTC068770.
Avatar Solar has 3 current directors:
- Lopa Sachin Pandya - Director
- Falgun Dave Vibudh - Director
- Ushaben Umeshbhai Oza - Director
The latest financial statements of Avatar Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Avatar Solar is 24AAKCA1956A2Z2, registered in Gujarat. 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 Avatar Solar is U40106GJ2012PTC068770. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avatar Solar has 3 court cases on record: 3 filed against it. 2 are pending. Most are in the supreme court.
Avatar Solar was incorporated on 27 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Avatar Solar by revenue are Cambria Solar Private Limited, Canal Solar Energy Private Limited, Abijit Solar Energy Private Limited, Ishaan Solar Power Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Lopa Sachin Pandya ceased to be Additional Director on 19 Mar 2020. Lopa Sachin Pandya was appointed as Director on 06 Jan 2020. Hitesh Pranjivan Mehta ceased to be Director on 10 Oct 2019. Avatar Solar has 5 board changes on record in total.
Yes, Avatar Solar is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-09-0000330).
Avatar Solar can be reached through the website avatarsolar.com. Its registered office is in Gandhinagar, Gujarat, India.
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