About Brightsolar Renewable Energy Private Limited
Data last updated:
Brightsolar Renewable Energy Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Megasolis Renewables Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 03 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40108MH2013PTC250683. Its GSTIN is 27AAFCB7341F1ZS (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.52 Cr. It is led by directors including Devjeet Ghosh and Piyush Pannalal Jain.
Its last annual general meeting (AGM) was held on 21 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.41 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹3.01 Cr (net margin 17.3%) and EBITDA of ₹9.6 Cr (EBITDA margin 55.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 6% over five years.
The company is associated with 1 brand: Mahindra. As per MCA filings, the company has open charges of ₹30.23 Cr and satisfied charges of ₹122.5 Cr on record. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹14.13 Cr; the latest was in January 2016. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindra.com.
Company details
Contact details
Brightsolar Renewable Energy Private Limited's registered office is in Mumbai, Maharashtra. Its website is mahindra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCowrks Ground Floor Winchester, South Avenue Road Downtown Powai, Mumbai, Maharashtra, India – 400076
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Brightsolar Renewable Energy Private 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
Brands
Brightsolar Renewable Energy operates one associated brand: Mahindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com |
Financials of Brightsolar Renewable Energy Private Limited
FY 2025 filings availableBrightsolar Renewable Energy Private Limited reported revenue of ₹17.41 Cr (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 37% growth in the latest year. EBITDA rose 9% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profit and Loss Statement | |||||
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| Total Revenue | ₹17.41 Cr | ||||
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| EBITDA | ₹9.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.01 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.1% | ||||
| Net Profit Margin | 17.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Brightsolar Renewable Energy Private Limited, buy the company report.
Board of directors of Brightsolar Renewable Energy Private Limited
Brightsolar Renewable Energy has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devjeet Ghosh Also directs: Emergent Solren Private Limited, Mega Suryaurja Private Limited, Megasolis Renewables Private Limited and 2 more | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Piyush Pannalal Jain | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Niraj Bhupendrakumar Shah Also directs: Emergent Solren Private Limited, Mega Suryaurja Private Limited, Megasolis Renewables Private Limited and 2 more | Director | 26 Apr 2024 | 2 Years 6 Months | Current |
| Gaurav Malhotra Also directs: Emergent Solren Private Limited, Mega Suryaurja Private Limited, Megasolis Renewables Private Limited and 3 more | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Brightsolar Renewable Energy Private Limited is audited by B. K. Khare & Co. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. Khare & Co. | FY 2024 | 105102W |
Shareholding
The shareholding of Brightsolar Renewable Energy Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Brightsolar Renewable Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2024 | 100942133 | Others | ₹30.23 Cr | Open | |
| 28 Jun 2019 | 100281031 | Others | ₹58 Cr | Satisfied | |
| 30 Oct 2015 | 10602385 | Others | ₹64.5 Cr | Satisfied |
To see the full charge records of Brightsolar Renewable Energy Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Brightsolar Renewable Energy Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹14.13 Cr; the latest was in January 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Trina Solar (Singapore) Third Pte Limited, Megasolis Renewables Private Limited Seller: Megasolis Renewables Private Limited , Mahindra Renewables Private Limited & Roshan Gandhi |
| Jun 2015 | Funding round | ₹14.13 Cr | Investors: Megasolis Renewables Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Brightsolar Renewable Energy Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Brightsolar Renewable Energy Private Limited was last rated by Care on 22 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 22 Mar 2022 |
To see the full credit ratings and regulatory alerts of Brightsolar Renewable Energy Private Limited, buy the company report.
MSME payment delays
Brightsolar Renewable Energy Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments 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 |
|---|---|---|---|
| Gilpin Tours and Travel Management India Private Limited |
To see the full MSME payment records of Brightsolar Renewable Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Brightsolar Renewable Energy has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCB7341F1ZS | Maharashtra | Active | 01 Jul 2017 |
| 37AAFCB7341F1ZR | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Brightsolar Renewable Energy Private Limited, buy the company report.
Recent activity
Brightsolar Renewable Energy Private Limited has 21 board changes on record since 2014: 4 appointments and 17 cessations. The latest: Devjeet Ghosh ceased to be Additional Director on 21 May 2024.
19 earlier events are in the company report.
News
Frequently asked questions
Brightsolar Renewable Energy is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 03 December 2013 (13+ years old) and is registered under CIN U40108MH2013PTC250683.
Brightsolar Renewable Energy has 4 current directors:
- Devjeet Ghosh - Director
- Piyush Pannalal Jain - Director
- Niraj Bhupendrakumar Shah - Director
- Gaurav Malhotra - Director
The latest financial statements of Brightsolar Renewable Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Brightsolar Renewable Energy is 27AAFCB7341F1ZS, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAFCB7341F1ZR (Andhra Pradesh).
The CIN (Corporate Identification Number) of Brightsolar Renewable Energy is U40108MH2013PTC250683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Brightsolar Renewable Energy was incorporated on 03 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Brightsolar Renewable Energy has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹14.13 Cr; the latest was in January 2016.
Devjeet Ghosh ceased to be Additional Director on 21 May 2024. Gaurav Malhotra ceased to be Additional Director on 21 May 2024. Niraj Bhupendrakumar Shah ceased to be Additional Director on 21 May 2024. Brightsolar Renewable Energy has 21 board changes on record in total.
Brightsolar Renewable Energy has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Oct 2020.
Brightsolar Renewable Energy can be reached through the website mahindra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Brightsolar Renewable Energy is at Cowrks Ground Floor Winchester, South Avenue Road Downtown Powai, Mumbai, Maharashtra, India – 400076.
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