About SolarNxt
SolarNxt is an Energy & Utilities company based in Bengaluru (India) founded in 2018. It offers a cloud and app-based platform for monitoring solar power plants. It operates on a B2B model. Its focus areas include Energy, Renewable Energy, Solar Power and Monitoring Solutions. Its legal entity in India is Megamic Electronics Private Limited (U74900KA2015PTC083384).
Company details
SolarNxt operates with a B2B model, focusing on working in the energy sector, promoting renewable energy, solar power, and monitoring solutions. Offers a cloud and app-based platform for monitoring solar power plants. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- SectorsEnergy & Utilities
- Website solarnxt.com
- Legal Name Megamic Electronics Private Limited
- Date of Incorporation 13 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹87,316
FY 2024 · -81% YoY
- Net Loss-₹19.6 Lakh
FY 2024 · -2247% margin
- EBITDA-₹14.3 Lakh
FY 2024 · -1642% margin
Associated legal entities of SolarNxt
SolarNxt operates through Megamic Electronics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Megamic Electronics Private Limited CIN U74900KA2015PTC083384 | Active | 13 Oct 2015 | Bangalore, Karnataka | ₹0.0 Cr | 14 | 2 | View details |
Board of directors of Megamic Electronics Private Limited (SolarNxt)
Megamic Electronics Private Limited is the primary company behind SolarNxt. The board of Megamic Electronics Private Limited currently have 2 directors; the longest-serving is Venkatesan Krishnan, appointed in 2021. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Venkatesan Krishnan DIN 08245718 | Director | 03 Aug 2021 | 5 yrs 3 mo | Megamic Electronics Private Limited |
| Chandrasekaran Viswanathan DIN 07205685 | Director | 03 Aug 2021 | 5 yrs 3 mo | Megamic Electronics Private Limited |
Financials of SolarNxt
Figures of Megamic Electronics Private Limited, the primary company behind SolarNxt, for FY 2024. Revenue was ₹87,316 (-81% year on year). Net loss was -₹19.6 Lakh (-2247% margin). EBITDA was -₹14.3 Lakh (-1642% margin). Revenue has grown at a compounded annual rate of -86% over three years and -61% over five years.
- ₹87,316Revenue · FY 2024 · -81% YoY
- -₹19.6 LakhNet loss · -2247% margin
- -₹14.3 LakhEBITDA · -1642% margin
- ₹10 LakhPaid-up capital
- 14Employees (provident fund records)
- -86%Revenue CAGR, 3 years
- -61%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Megamic Electronics Private Limited are on its company page.
Detailed financial statements for SolarNxt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as SolarNxt (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 SolarNxt
SolarNxt was founded in 2018.
SolarNxt is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind SolarNxt, Megamic Electronics Private Limited, reported revenue of ₹87,316 for FY 2024, down 81% year on year.
SolarNxt operates with a B2B model, focusing on working in the energy sector, promoting renewable energy, solar power, and monitoring solutions. Offers a cloud and app-based platform for monitoring solar power plants. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
SolarNxt operates through Megamic Electronics Private Limited.
The legal entities of SolarNxt currently have 2 directors, including Venkatesan Krishnan, Chandrasekaran Viswanathan.