MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0037021
Blister Solar Energy Private Limited - energy and power in Sadashivnagar, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.99 Cr
▲ 12% YoY
Net profit · FY 2025
₹2.11 Cr
Net margin 70.4%
EBITDA · FY 2025
₹2.09 Cr
EBITDA margin 69.9%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹3.18 Lakh
Issued & subscribed
Open charges
₹6.3 Cr
Satisfied ₹9.5 Cr
Company age
11 yrs
Est. 2015
Directors on board
3
As per MCA filings
About Blister Solar Energy Private Limited
Data last updated:
Blister Solar Energy Private Limited is a private limited company based in Sadashivnagar, Karnataka, India, a subsidiary of Sherisha Technologies Private Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 12 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40101KA2015PTC083354. Its GSTIN is 29AAGCB6619M1Z5 (Karnataka).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹3.18 Lakh. It is led by directors including Krishnanaika and Patrik Vijay Kumar Francis Arun Kumar.
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 Sadashivnagar, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.99 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹2.11 Cr (net margin 70.4%) and EBITDA of ₹2.09 Cr (EBITDA margin 69.9%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 3% over five years.
The company is associated with 1 brand: Refex energy. As per MCA filings, the company has open charges of ₹6.3 Cr and satisfied charges of ₹9.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
Blister Solar Energy Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0037021). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website refexenergy.com.
Company details
CIN U40101KA2015PTC083354
Registration Number 083354
Incorporation Date 12 October 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company Sherisha Technologies Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0037021
Key People
Krishnanaika Director Patrik Vijay Kumar Francis Arun Kumar Director Uthayakumar Lalitha Additional Director Recognitions & Rankings of Blister Solar Energy
Contact details
Blister Solar Energy Private Limited's registered office is in Sadashivnagar, Karnataka. Its website is refexenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPortion A 3rd Floor Achaiah Chetty Arcade No 19 Achaiah Chetty Layout Mekhri Circle Rmv, Ex, Sadashivnagar, Karnataka, India – 560080
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Blister Solar Energy Private Limited, buy the company report.
Comprehensive company report
Blister Solar Energy Private Limited - one report that includes everything
- 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
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Brands
Blister Solar Energy operates one associated brand: Refex energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a solar EPC company specializing in engineering, procurement, and construction. | refexenergy.com |
Business activity
The main business activity of Blister Solar Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Blister Solar Energy Private Limited, buy the company report.
Financials of Blister Solar Energy Private Limited
FY 2025 filings availableBlister Solar Energy Private Limited reported revenue of ₹2.99 Cr (up 12% YoY) for FY 2025.
Revenue · FY 2025
₹2.99 Cr ▲ 12%
Net profit · FY 2025
₹2.11 Cr margin 70.4%
EBITDA · FY 2025
₹2.09 Cr margin 69.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 12%
3 years · compounded
▲ 3%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 4%
5 years · compounded
▼ 2%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 12% growth in the latest year. EBITDA fell 46% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.11 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 69.9% | ||||
| Net Profit Margin | 70.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Blister Solar Energy Private Limited, buy the company report.
Board of directors of Blister Solar Energy Private Limited
Blister Solar Energy has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnanaika | Director | 12 Oct 2015 | 11 Years 1 Months | Current |
| Patrik Vijay Kumar Francis Arun Kumar Also directs: Anam Medical Solutions Private Limited, Refex Pharma Services Private Limited, Refex Power Trading Private Limited and 5 more | Director | 12 Oct 2015 | 11 Years 1 Months | Current |
| Uthayakumar Lalitha Also directs: KSK Trust Private Limited, Sherisha Agriculture Private Limited, Pavagada Farms Private Limited and 5 more | Additional Director | 23 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Blister Solar Energy Private Limited is compared with the 8 companies closest to it by revenue in the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Falco Robotics Private Limited | ₹3.01 Cr (FY 2025) | -29.0% | Delhi, India | |||
| Aruvi Solar Enterprises Private Limited | ₹3 Cr (FY 2025) | 71.0% | Chennai, Tamil Nadu, India | |||
| Basant Windfarms Private Limited | ₹3 Cr (FY 2021) | -30.0% | Ernakulam, Kerala, India | |||
| Blister Solar Energy Private Limitedthis company | ₹2.99 Cr (FY 2025) | ₹2.11 Cr | 70.4% | 12.0% | Sadashivnagar, Karnataka, India | |
| Vcarve Renewable Energy Private Limited | ₹2.99 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Sapphire Industrial Infrastructures Private Limited | ₹2.99 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| Nisus Energy Private Limited | ₹2.99 Cr (FY 2025) | -26.0% | Gandhinagar, Gujarat, India | |||
| Radiance Sunenergy Private Limited | ₹2.98 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Nature Green Energy Private Limited | ₹2.98 Cr (FY 2024) | 65.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Blister Solar Energy Private Limited, buy the company report.
Auditor
Blister Solar Energy Private Limited is audited by ABCD & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABCD & CO | FY 2022 | 016415S |
Shareholding
The shareholding of Blister Solar Energy Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Blister Solar Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.3 Cr
Satisfied charges
₹9.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2024 | 100905028 | Others | ₹6.3 Cr | Open | |
| 22 Mar 2017 | 100111667 | State Bank of India | ₹9.5 Cr | Satisfied |
To see the full charge records of Blister Solar Energy Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Blister Solar Energy Private Limited has 1 court case on record: 1 filed by Blister Solar Energy. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Bangalore Electricity Supply Company Limited | Disposed |
To see the full case history of Blister Solar 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
Blister Solar Energy Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Megamic Electronics Private Limited |
To see the full MSME payment records of Blister Solar Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Blister Solar Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCB6619M1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Blister Solar Energy Private Limited, buy the company report.
Recent activity
Blister Solar Energy Private Limited has 4 board changes on record since 2015: 3 appointments and 1 cessation. The latest: Sunny Chandrakumar Jain ceased to be Director on 23 Jan 2025.
AGM
Blister Solar Energy Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Blister Solar Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 630.00 Lakh registered on 10 Apr 2024 with Charge ID 100905028 was modified on 17 Feb 2025.
Ceased
Sunny Chandrakumar Jain ceased to be Director.
Appointed
Uthayakumar Lalitha was appointed as Additional Director.
Charges
A charge with Others amounted to Rs. 630.00 Lakh with Charge ID 100905028 was registered on 10 Apr 2024.
Charges
A charge registered on 22 Mar 2017 via Charge ID 100111667 with State Bank Of India was fully satisfied on 25 Sep 2023.
Charges
A charge with State Bank Of India amounted to Rs. 950.00 Lakh with Charge ID 100111667 was registered on 22 Mar 2017.
Appointed
Krishnanaika was appointed as Director.
Appointed
Patrik Vijay Kumar Francis Arun Kumar was appointed as Director.
Incorporation
12 Oct 2015
Blister Solar Energy Private Limited was registered on 12 Oct 2015 with Roc Bangalore & aged 11 years 1 month as per MCA records.
Frequently asked questions
Blister Solar Energy is an active private limited company based in Sadashivnagar, Karnataka, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 12 October 2015 (11+ years old) and is registered under CIN U40101KA2015PTC083354.
Blister Solar Energy has 3 current directors:
- Krishnanaika - Director
- Patrik Vijay Kumar Francis Arun Kumar - Director
- Uthayakumar Lalitha - Additional Director
The latest financial statements of Blister Solar 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 FY 2016 are in the company report.
The GSTIN of Blister Solar Energy is 29AAGCB6619M1Z5, registered in Karnataka.
The CIN (Corporate Identification Number) of Blister Solar Energy is U40101KA2015PTC083354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blister Solar Energy has 1 court case on record: 1 filed by the company.
Blister Solar Energy was incorporated on 12 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Blister Solar Energy by revenue are Falco Robotics Private Limited, Aruvi Solar Enterprises Private Limited, Basant Windfarms Private Limited, Vcarve Renewable Energy Private Limited, Sapphire Industrial Infrastructures Private Limited and 3 more, all in the same principal business activity (electric power generation, transmission and distribution).
Sunny Chandrakumar Jain ceased to be Director on 23 Jan 2025. Uthayakumar Lalitha was appointed as Additional Director on 23 Jan 2025. Krishnanaika was appointed as Director on 12 Oct 2015. Blister Solar Energy has 4 board changes on record in total.
Yes, Blister Solar Energy is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0037021).
Blister Solar Energy has 1 MSME Form 1 return on record for the period ending Sep 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 19 Oct 2022.
Blister Solar Energy can be reached through the website refexenergy.com. Its registered office is in Sadashivnagar, Karnataka, India.
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