About Ashtavinayak Solar
Ashtavinayak Solar was an Energy & Utilities company based in Solapur (India) founded in 2016. Ashtavinayak Solar manufactures solar panels and provides EPC services for renewable energy projects. It operates on a B2B model. The company has 6 employees. Its Indian entity Ashtavinayak Solar Technology Private Limited reported revenue of ₹5.8 Lakh. The company is recorded as dissolved. Its focus areas include Energy, Renewable Energy, Solar Energy and Solar Panel Manufacturing. Similar companies include Goldi Solar, Su-Kam Power Systems and Emmvee; 1 of its 3 listed similar companies has raised funding.
Company details
Ashtavinayak Solar ashtavinayak solar manufactures solar panels and provides epc services for renewable energy projects, focusing on working in the energy sector, promoting renewable energy, developing solar energy systems, and solar panel manufacturing. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Solapur, India
- Employees 6
- SectorsEnergy & Utilities
- Website ashtavinayaksolar.com
- Legal Name Ashtavinayak Solar Technology Private Limited
- Date of Incorporation 17 May, 2016
- Jurisdiction Solapur, Maharashtra, India
- Annual Revenue₹5.8 Lakh
FY 2023 · -78% YoY
- Net Loss-₹14.4 Lakh
FY 2023 · -249% margin
- EBITDA-₹2.9 Lakh
FY 2023 · -50% margin
- Employee Count6
Associated legal entities of Ashtavinayak Solar
Ashtavinayak Solar operates through Ashtavinayak Solar Technology Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ashtavinayak Solar Technology Private Limited CIN U31900PN2016PTC164560 | Active | 17 May 2016 | Solapur, Maharashtra | ₹0.1 Cr | 6 | 2 | View details |
Board of directors of Ashtavinayak Solar Technology Private Limited (Ashtavinayak Solar)
Ashtavinayak Solar Technology Private Limited is the primary company behind Ashtavinayak Solar. The board of Ashtavinayak Solar Technology Private Limited currently have 2 directors; the longest-serving is Balaprasad Madanlal Oza, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Balaprasad Madanlal Oza DIN 03196594 | Director | 17 May 2016 | 10 yrs 5 mo | Ashtavinayak Solar Technology Private Limited |
| Daryappa Sharanappa Jakapure DIN 07493758 | Director | 17 May 2016 | 10 yrs 5 mo | Ashtavinayak Solar Technology Private Limited |
Financials of Ashtavinayak Solar
Figures of Ashtavinayak Solar Technology Private Limited, the primary company behind Ashtavinayak Solar, for FY 2023. Revenue was ₹5.8 Lakh (-78% year on year). Net loss was -₹14.4 Lakh (-249% margin). EBITDA was -₹2.9 Lakh (-50% margin). Revenue has grown at a compounded annual rate of -53% over three years and -1% over five years.
- ₹5.8 LakhRevenue · FY 2023 · -78% YoY
- -₹14.4 LakhNet loss · -249% margin
- -₹2.9 LakhEBITDA · -50% margin
- ₹3.05 CrPaid-up capital
- 6Employees (provident fund records)
- -53%Revenue CAGR, 3 years
- -1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ashtavinayak Solar Technology Private Limited are on its company page.
Detailed financial statements for Ashtavinayak Solar
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- Statement rows
- Financial ratios
- Five-year trends
- Downloads
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Similar companies to Ashtavinayak Solar
Ashtavinayak Solar has 3 listed similar companies in our database, 1 of them funded. They include Goldi Solar, Su-Kam Power Systems and Emmvee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goldisolar.com | 2011 | Surat, India | $230.96M | 1,583 | Manufacturer of solar PV modules | |
| su-kam.com | 1988 | Gurugram, India | 288 | Solar panels and power storage products are manufactured. | ||
| emmvee.com | 1992 | Bengaluru, India | 530 | Manufactures solar panels, water heaters, and turnkey solutions for renewable energy. |
Detailed similar companies of Ashtavinayak Solar
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Ashtavinayak Solar (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Ashtavinayak Solar
Ashtavinayak Solar was founded in 2016.
Ashtavinayak Solar is headquartered in Solapur, India. It is registered at Solapur, Maharashtra, India.
Ashtavinayak Solar has 6 employees.
The primary company behind Ashtavinayak Solar, Ashtavinayak Solar Technology Private Limited, reported revenue of ₹5.8 Lakh for FY 2023, down 78% year on year.
Ashtavinayak Solar ashtavinayak solar manufactures solar panels and provides epc services for renewable energy projects, focusing on working in the energy sector, promoting renewable energy, developing solar energy systems, and solar panel manufacturing. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Ashtavinayak Solar's top competitors include Goldi Solar, Su-Kam Power Systems and Emmvee.
Ashtavinayak Solar operates through Ashtavinayak Solar Technology Private Limited.
The legal entities of Ashtavinayak Solar currently have 2 directors, including Balaprasad Madanlal Oza, Daryappa Sharanappa Jakapure.