About Skyfri Energy Private Limited
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Skyfri Energy Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Skyfri Technologies As. It operates in the scientific services segment of the professional services sector. It was incorporated on 07 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40108KA2010PTC055090. Its GSTIN is 29AAICA8132C1ZT (Karnataka).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹2.95 Cr. It was formerly known as Avi Solar Energy Private Limited. It is led by directors including Sekar Balaji (Whole-Time Director) and Chellappa Thirumalai Velu.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.22 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net loss of ₹1.66 Cr (net margin -6.3%) and EBITDA of -₹1.18 Cr (EBITDA margin -4.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 3% over five years.
The company has about 127 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: Skyfri Energy, Avi Solar and Skyfri. As per MCA filings, the company has open charges of ₹5.27 Cr and satisfied charges of ₹4.88 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it. The company has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹2.42 Cr; the latest was in April 2022. The company has 16 MSME Form 1 returns on record between 2019 and 2023, listing 504 overdue payments to 78 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 skyfri.com.
Company details
Contact details
Skyfri Energy Private Limited's registered office is in Bangalore, Karnataka. Its website is skyfri.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#527/B Regus Co – Working 324 4th Floor, # Tejas Arcade 1st Main Road, Bangalore, Karnataka, India – 560010
- IndustryProfessional Services, Scientific, Technical, Personal
To see the full contact details of Skyfri Energy 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
Skyfri Energy operates multiple associated brands including Skyfri Energy, Avi Solar, and Skyfri. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers digital asset management and maintenance services for solar panels worldwide. | skyfrienergy.com | |
| Provider of solar energy solutions | avisolar.com | |
| Solar power plant management solutions are provided in real time. | skyfri.com |
Business activity
The main business activity of Skyfri Energy is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Skyfri Energy Private Limited, buy the company report.
Financials of Skyfri Energy Private Limited
FY 2025 filings availableSkyfri Energy Private Limited reported revenue of ₹26.22 Cr (up 34% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 34% growth in the latest year. EBITDA fell 318% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.18 Cr | ||||
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| Net Profit (PAT) | -₹1.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -4.5% | ||||
| Net Profit Margin | -6.3% | ||||
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To see the full financial statements and ratios of Skyfri Energy Private Limited, buy the company report.
Board of directors and KMP of Skyfri Energy Private Limited
Skyfri Energy Private Limited currently reports 4 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sekar Balaji | Whole-Time Director | 20 Apr 2022 | 4 Years 6 Months | Current |
| Gundappa Subramanya Venkatesh | Ceo | 01 Oct 2023 | 3 Years 0 Months | Current |
| Chellappa Thirumalai Velu | Director | 26 Mar 2025 | 1 Years 7 Months | Current |
| Kristin Sandtorv | Director | 10 Mar 2023 | 3 Years 7 Months | Current |
| Murshid Hugbergali | Additional Director | 23 Jan 2025 | 1 Years 9 Months | Current |
Auditor
Skyfri Energy Private Limited is audited by RPAR AND CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RPAR AND CO LLP | FY 2023 | S200139 |
Shareholding
The shareholding of Skyfri Energy 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 Skyfri Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2023 | 100733673 | Indian Overseas Bank | ₹27 Lakh | Open | |
| 14 Oct 2022 | 100624693 | Indian Overseas Bank | ₹5 Cr | Open | |
| 28 Jan 2019 | 100236758 | Yes Bank Limited | ₹2.59 Cr | Satisfied | |
| 08 Dec 2016 | 100067823 | Others | ₹2.29 Cr | Satisfied |
To see the full charge records of Skyfri Energy Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Skyfri Energy Private Limited has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹2.42 Cr; the latest was in April 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Skyfri Technologies AS & Sekar Balaji, Skyfri Technologies AS Seller: 4 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Skyfri Energy 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
Skyfri Energy Private Limited has 4 court cases on record: 2 filed by Skyfri Energy, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Adc Power Pvt. Ltd., and Another and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Adc Power Pvt. Ltd., and Another and 1 other | Disposed |
| High Court, ORISSA | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Skyfri Energy 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.
MSME payment delays
Skyfri Energy Private Limited has 16 MSME Form 1 returns on record between 2019 and 2023, listing 504 overdue payments to 78 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 (5 of 78)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sunray Products Private Limited | |||
| an individual supplier | |||
| Skandatech Management Services Private Limited | |||
| Sameeksha Life Safety Equipments India Private Limited | |||
| GVK Power and Engineering Solutions |
To see the full MSME payment records of Skyfri Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Skyfri Energy Private Limited has a workforce of 127 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Skyfri Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICA8132C1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Skyfri Energy Private Limited, buy the company report.
Recent activity
Skyfri Energy Private Limited has 23 board changes on record since 2012: 5 appointments and 18 cessations. The latest: Chellappa Thirumalai Velu ceased to be Additional Director on 28 Sep 2025.
22 earlier events are in the company report.
News
Frequently asked questions
Skyfri Energy is an active private limited company based in Bangalore, Karnataka, India. The company works in scientific, within the professional services industry. It was incorporated on 07 September 2010 (16+ years old) and is registered under CIN U40108KA2010PTC055090.
Skyfri Energy has 5 current directors and KMP:
- Sekar Balaji - Whole-Time Director
- Chellappa Thirumalai Velu - Director
- Kristin Sandtorv - Director
- Murshid Hugbergali - Additional Director
- Gundappa Subramanya Venkatesh - Ceo
The latest financial statements of Skyfri Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Skyfri Energy is 29AAICA8132C1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Skyfri Energy is U40108KA2010PTC055090. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Skyfri Energy has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the district courts.
Skyfri Energy was incorporated on 07 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Skyfri Energy has 9 deals on record (5 secondary share transfers, 4 funding rounds), with disclosed funding of ₹2.42 Cr; the latest was in April 2022.
Chellappa Thirumalai Velu ceased to be Additional Director on 28 Sep 2025. Murshid Hugbergali ceased to be Additional Director on 19 Sep 2025. Chellappa Thirumalai Velu was appointed as Director on 26 Mar 2025. Skyfri Energy has 23 board changes on record in total.
Skyfri Energy has 16 MSME Form 1 returns on record between 2019 and 2023, listing 504 overdue payments to 78 micro and small suppliers. The latest return was filed on 01 Nov 2023.
Skyfri Energy can be reached through the website skyfri.com. Its registered office is in Bangalore, Karnataka, India.