About Avengers Rays Solar Private Limited
Data last updated:
Avengers Rays Solar Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 12 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40106RJ2016PTC049286. Its GSTIN is 08AAOCA1423A1Z7 (Rajasthan). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rama Subrahmanyasarma Chada and Sandeep Jain.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sg – 42 Royal Plaza Central Spine Vidyadhar Nagar, Jaipur, Rajasthan, India – 302023.
As per the financials filed for FY 2025, the company reported a revenue of ₹168.98 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹11.58 Cr (net margin 6.9%) and EBITDA of ₹18.8 Cr (EBITDA margin 11.1%). Revenue has grown at a compounded annual rate (CAGR) of 433% over three years and 88% over five years.
The company has about 10 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹169.22 Cr and satisfied charges of ₹50.6 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 arsolar.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressSg – 42 Royal Plaza Central Spine Vidyadhar Nagar, Jaipur, Rajasthan, India – 302023
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
- 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
- One PDF report, delivered after checkout
Business Activity of Avengers Rays Solar Private Limited
The main business activity of Avengers Rays Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Avengers Rays Solar Private Limited
Avengers Rays Solar Private Limited is audited by Raj Achint & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Raj Achint & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Avengers Rays Solar Private Limited
Avengers Rays Solar has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rama Subrahmanyasarma Chada Also directs: Aright Greentech Farms Private Limited, Aright One Homes Private Limited, Aright Plants and Energy Private Limited and 5 more | Director | 01 Apr 2021 | 5 Years 6 Months | Current |
| Sandeep Jain Also directs: Aright Green Enterprises LLP, Aright Associates LLP, Aright Greentech Farms Private Limited and 5 more | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
| Nitin Kumar Also directs: Aright Agri Alliance Private Limited, Blueshield Secure LLP, Celestial Horizon LLP and 5 more | Director | 27 Nov 2017 | 8 Years 10 Months | Current |
| Randhir Singh Also directs: Homestead Holidays LLP, E-Quatorial Exports LLP, Aright Green Power Private Limited and 5 more | Director | 28 Jan 2017 | 9 Years 8 Months | Current |
Financials of Avengers Rays Solar Private Limited FY 2024 filings available
Avengers Rays Solar Private Limited reported revenue of ₹168.98 Cr (up 262% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Avengers Rays Solar Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 88% over five years, including 262% growth in the latest year. EBITDA rose 758% 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 of Avengers Rays Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹18.8 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.58 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Avengers Rays Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Avengers Rays Solar are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Avengers Rays Solar Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Avengers Rays Solar Private Limited
Avengers Rays Solar has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Aright Agri Alliance Private Limited | U01122DL2013PTC253005 | Locked |
| Aright Infra Private Limited | U70102HR2013PTC049229 | Locked |
Showing major subsidiaries. Total: 2.
Charges & Borrowings of Avengers Rays Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2025 | State Bank of India | ₹45.6 Cr | Open |
| 18 Sep 2025 | Hdfc Bank Limited | ₹47.28 Lakh | Open |
| 20 Jun 2025 | Hdfc Bank Limited | ₹1.6 Cr | Open |
| 04 Feb 2025 | State Bank of India | ₹32.59 Cr | Open |
| 29 Nov 2024 | State Bank of India | ₹24.3 Cr | Open |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Avengers Rays Solar Private Limited
Avengers Rays Solar Private Limited has a workforce of 10 employees as of Sep 24, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Avengers Rays Solar Private Limited
Avengers Rays Solar has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAOCA1423A1Z7 | Rajasthan | Active | 01 Jul 2017 |
| 07AAOCA1423A3Z7 | Delhi | Active | 25 Aug 2017 |
| 07AAOCA1423A4Z6 | Delhi | Active | 01 Apr 2025 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Avengers Rays Solar Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Avengers Rays Solar Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Avengers Rays Solar Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Avengers Rays Solar Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Avengers Rays Solar Private Limited
Frequently Asked Questions about Avengers Rays Solar Private Limited
Avengers Rays Solar is an active private limited company based in Jaipur, Rajasthan, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 12 February 2016 (10+ years old) and is registered under CIN U40106RJ2016PTC049286.
Avengers Rays Solar reported revenue of ₹168.98 Cr for FY 2025 (up 262% YoY).
Avengers Rays Solar has 4 current directors:
- Rama Subrahmanyasarma Chada - Director
- Sandeep Jain - Director
- Nitin Kumar - Director
- Randhir Singh - Director
Avengers Rays Solar reported a net profit of ₹11.58 Cr (net margin 6.9%) and EBITDA of ₹18.8 Cr (EBITDA margin 11.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Avengers Rays Solar is 433% over three years and 88% over five years. In the latest year (FY 2025) revenue rose 262%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Avengers Rays Solar is 08AAOCA1423A1Z7, registered in Rajasthan. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAOCA1423A3Z7 (Delhi), 07AAOCA1423A4Z6 (Delhi).
The CIN (Corporate Identification Number) of Avengers Rays Solar is U40106RJ2016PTC049286. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Avengers Rays Solar was incorporated on 12 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Jaipur.
Avengers Rays Solar can be reached through the website arsolar.in. Its registered office is in Jaipur, Rajasthan, India.