About Bright Solar Limited
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Bright Solar Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 23 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51109GJ2010PLC060377. Its GSTIN is 18AAECB0997L1Z7 (Assam). The company holds 3 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on NSE: BRIGHT.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹25 Cr. It was formerly known as Bright Solar Private Limited. It is led by directors including Piyushkumar Thumar (Managing Director) and Ajay Raj Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.14 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net profit of ₹5.91 Lakh (net margin 2.8%) and EBITDA of ₹20.26 Lakh (EBITDA margin 9.5%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 38% over five years.
As per MCA filings, the company has satisfied charges of ₹7.5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website brightsolar.in.
Company details
Contact details
Bright Solar Limited's registered office is in Ahmedabad, Gujarat. Its website is brightsolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS.F. 203 Shangrila Arcade Opp. Shyamal 3A Row Houses, Shyamal Cross Road Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Bright Solar 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
Business activity
The main business activities of Bright Solar are electricity, gas, steam and air condition supply, water supply, sewerage and waste management and professional, scientific and technical. In detail, this covers electric power generation, transmission and distribution, water collection, treatment and supply and management consultancy activities. 3 activity segments are registered with the MCA.
| 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 | |
| E | Water supply, sewerage and waste management | E1 | Water collection, treatment and supply | |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Bright Solar Limited, buy the company report.
Financials of Bright Solar Limited
FY 2025 filings availableBright Solar Limited reported revenue of ₹2.14 Cr (down 78% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 78% fall in the latest year. EBITDA rose 103% 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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| EBITDA | ₹20.26 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹5.91 Lakh | ||||
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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 | 9.5% | ||||
| Net Profit Margin | 2.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Bright Solar Limited, buy the company report.
Board of directors of Bright Solar Limited
Bright Solar has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyushkumar Thumar | Managing Director | 23 Apr 2010 | 16 Years 6 Months | Current |
| Ajay Raj Singh Also directs: Tea Hive Private Limited, Greenech Agro Industries Private Limited | Whole-Time Director | 12 Oct 2020 | 6 Years 0 Months | Current |
| Falgun Patel | Director | 10 Oct 2025 | 1 Years 0 Months | Current |
| Tejas Ashokkumar Shah | Whole-Time Director | 10 Oct 2025 | 1 Years 0 Months | Current |
| Avani Ashwinkumar Shah Also directs: Kizi Apparels Limited, Ambassador Intra Holdings Limited, Bizotic Commercial Limited and 2 more | Director | 12 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Bright Solar Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Solar Power), with 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 |
|---|---|---|---|---|---|---|
| Sandeeps Energy Private Limited | ₹2.16 Cr (FY 2024) | 24.0% | Udupi, Karnataka, India | |||
| Bright Solar Limitedthis company | ₹2.14 Cr (FY 2025) | ₹5.91 Lakh | 2.8% | -78.0% | Ahmedabad, Gujarat, India | |
| Gosolgen Renewables Private Limited | ₹2.12 Cr (FY 2022) | -38.0% | Hyderabad, Telangana, India | |||
| Ampin Energy Green (C&I) Private Limited | ₹2.12 Cr (FY 2025) | -46.0% | New Delhi, Delhi, India |
To see the full peer comparison of Bright Solar Limited, buy the company report.
Auditor
Bright Solar Limited is audited by NIRAV S. SHAH & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIRAV S. SHAH & Co. | FY 2023 | 130244W |
Shareholding
The shareholding of Bright Solar Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bright Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2014 | 10514380 | Vijaya Bank | ₹50 Lakh | Satisfied | |
| 09 Jul 2014 | 10532661 | City Union Bank Limited | ₹7 Cr | Satisfied |
To see the full charge records of Bright Solar Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Bright Solar Limited has 3 court cases on record: 1 filed by Bright Solar, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Khattu Housing Solutions Pvt Ltd | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed against the company by G.L.E. India Solar Private Limited | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against City Union Bank Ltd., and 1 other | Disposed |
To see the full case history of Bright Solar 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
Bright Solar Limited has 8 MSME Form 1 returns on record between 2019 and 2022, listing 64 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Proex Advisors LLP | |||
| an individual supplier | |||
| Jainflex Cables Private Limited | |||
| Bright Solar Inverter Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Bright Solar Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Bright Solar has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 18AAECB0997L1Z7 | Assam | Active | 19 Dec 2020 |
To see the full GST registrations and return filing status of Bright Solar Limited, buy the company report.
Recent activity
Bright Solar Limited has 31 board changes on record since 2010: 19 appointments and 12 cessations. The latest: Falgun Patel was appointed as Director on 10 Oct 2025.
27 earlier events are in the company report.
Frequently asked questions
Bright Solar is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 23 April 2010 (16+ years old) and is registered under CIN L51109GJ2010PLC060377. Listed on NSE: BRIGHT.
Bright Solar has 5 current directors:
- Piyushkumar Thumar - Managing Director
- Ajay Raj Singh - Whole-Time Director
- Tejas Ashokkumar Shah - Whole-Time Director
- Falgun Patel - Director
- Avani Ashwinkumar Shah - Director
The latest financial statements of Bright Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bright Solar is 18AAECB0997L1Z7, registered in Assam. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Bright Solar is L51109GJ2010PLC060377. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bright Solar is a listed company as per MCA records. Its shares are listed on NSE (symbol: BRIGHT).
Bright Solar has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Bright Solar was incorporated on 23 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Bright Solar by revenue are Sandeeps Energy Private Limited, Gosolgen Renewables Private Limited, Ampin Energy Green (C&I) Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Falgun Patel was appointed as Director on 10 Oct 2025. Tejas Ashokkumar Shah was appointed as Whole-Time Director on 10 Oct 2025. Anand Lohia was appointed as Company Secretary on 04 Oct 2025. Bright Solar has 31 board changes on record in total.
Bright Solar has 8 MSME Form 1 returns on record between 2019 and 2022, listing 64 overdue payments to 15 micro and small suppliers. The latest return was filed on 22 Apr 2022.
Bright Solar can be reached through the website brightsolar.in. Its registered office is in Ahmedabad, Gujarat, India.
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