About Heatray Solar
Heatray Solar is an Energy & Utilities company based in Mumbai (India) founded in 2017. It offers renewable energy products and services for efficient heating in industries and homes. It operates on a B2B model. The company has 1 employees. Its website heatraysolar.com draws about 681 thousand monthly visits. Its Indian entity Heatray Solar Private Limited reported revenue of ₹3.02 Cr. Heatray Solar offers products and services including Solar ETC, eCPC, CPC, PTC, and Industrial Heat Pump. Its focus areas include Energy, Renewable Energy, Solar Tech and Thermal Solutions. Similar companies include Freyr Energy, Fourth Partner Energy and Sterling And Wilson; 3 of its 3 listed similar companies have raised funding.
Company details
Heatray Solar Pvt. Ltd. specializes in solar and clean thermal solutions to reduce fuel expenses and carbon emissions. They manufacture products like solar concentrators and heat pumps, and provide services such as fabrication and automation. Based in Mumbai, India, they serve clients in sectors like food processing and energy, focusing on sustainable technologies with long-term efficiency.
- Headquarters Mumbai, India
- Employees 1
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website heatraysolar.com
- Legal Name Heatray Solar Private Limited
- Date of Incorporation 30 Jul, 2004
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹3.02 Cr
FY 2025 · -46% YoY
- Net Profit₹10 Lakh
FY 2025 · 3% margin
- EBITDA₹33.7 Lakh
FY 2025 · 11% margin
- Employee Count1
Associated legal entities of Heatray Solar
Heatray Solar operates through Heatray Solar Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Heatray Solar Private Limited CIN U74110MH2004PTC147797 | Active | 30 Jul 2004 | Mumbai, Maharashtra | ₹3.0 Cr | 2 | View details |
Products & Services of Heatray Solar
Heatray Solar offers a comprehensive portfolio of products and services, including Solar ETC, eCPC, CPC, PTC, and Industrial Heat Pump.
Provides hot water using evacuated tube technology for efficiency
Enclosed compound parabolic concentrator for thermal energy capture
Compound parabolic reflector for solar heating applications
Parabolic trough concentrator for industrial heat generation
System for heating with waste heat recovery and fuel savings
Board of directors of Heatray Solar Private Limited (Heatray Solar)
Heatray Solar Private Limited is the primary company behind Heatray Solar. The board of Heatray Solar Private Limited currently have 2 directors; the longest-serving is Himanshu Ajay Pendse, appointed in 2005. 3 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Himanshu Ajay Pendse DIN 00213161 | Director | 31 Mar 2005 | 21 yrs 7 mo | Heatray Solar Private Limited |
| Ajay Achyut Pendse DIN 07862446 | Director | 15 Sep 2017 | 9 yrs 1 mo | Heatray Solar Private Limited |
Financials of Heatray Solar
Figures of Heatray Solar Private Limited, the primary company behind Heatray Solar, for FY 2025. Revenue was ₹3.02 Cr (-46% year on year). Net profit was ₹10 Lakh (3% margin). EBITDA was ₹33.7 Lakh (11% margin). Revenue has grown at a compounded annual rate of -10% over three years and -4% over five years.
- ₹3.02 CrRevenue · FY 2025 · -46% YoY
- ₹10 LakhNet profit · 3% margin
- ₹33.7 LakhEBITDA · 11% margin
- ₹1 LakhPaid-up capital
- -10%Revenue CAGR, 3 years
- -4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Heatray Solar Private Limited are on its company page.
Detailed financial statements for Heatray Solar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Financial ratios
- Five-year trends
- Downloads
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Similar companies to Heatray Solar
Heatray Solar has 3 listed similar companies in our database, 3 of them funded. They include Freyr Energy, Fourth Partner Energy and Sterling And Wilson.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. |
Detailed similar companies of Heatray Solar
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Web traffic of Heatray Solar
The website of Heatray Solar (heatraysolar.com) receives about 680.7K visits a month.
- Monthly visits680.7K
▼ 6.7% vs previous month
Websites whose visitors overlap most with Heatray Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| falconebiz.com | 100% | 959.8K | #63,970 | View details | |
| tofler.in | 97% | 556K | #105,509 | View details | |
| zaubacorp.com | 96% | 4.9M | #12,689 | View details | |
| tracxn.com | 92% | 2.9M | #16,597 | View details | |
| indiafilings.com | 90% | 2.1M | #29,959 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Heatray Solar
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Heatray 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 Heatray Solar
Heatray Solar was founded in 2017.
Heatray Solar is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Heatray Solar has 1 employees.
The primary company behind Heatray Solar, Heatray Solar Private Limited, reported revenue of ₹3.02 Cr for FY 2025, down 46% year on year.
Heatray Solar Pvt. Ltd. specializes in solar and clean thermal solutions to reduce fuel expenses and carbon emissions. They manufacture products like solar concentrators and heat pumps, and provide services such as fabrication and automation. Based in Mumbai, India, they serve clients in sectors like food processing and energy, focusing on sustainable technologies with long-term efficiency.
Heatray Solar's top competitors include Fourth Partner Energy, Freyr Energy and Sterling And Wilson.
Heatray Solar offers Solar ETC, eCPC, CPC, PTC, and Industrial Heat Pump.
Heatray Solar operates through Heatray Solar Private Limited.
The legal entities of Heatray Solar currently have 2 directors, including Ajay Achyut Pendse, Himanshu Ajay Pendse.
The website of Heatray Solar receives about 681 thousand visits a month.