MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-TS-02-0053169
Capsol Energy Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.76 Cr
▼ 1% YoY
Net profit · FY 2025
₹1.33 Cr
Net margin 17.2%
EBITDA · FY 2025
₹6.33 Cr
EBITDA margin 81.6%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹32.5 Cr
Satisfied ₹36.94 Cr
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Capsol Energy Private Limited
Data last updated:
Capsol Energy Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Radiance Renewables Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 21 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC433939. Its GSTIN is 33AAHCC4789N1Z1 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹11 Cr. It is led by directors Mallikarjuna Ukkadala and Urvi Nitesh Shah.
Its last annual general meeting (AGM) was held on 19 September 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 2025, the company reported a revenue of ₹7.76 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹1.33 Cr (net margin 17.2%) and EBITDA of ₹6.33 Cr (EBITDA margin 81.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over five years.
The company is associated with 1 brand: Radiance Renewables. As per MCA filings, the company has open charges of ₹32.5 Cr and satisfied charges of ₹36.94 Cr on record. The company has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹12.68 Cr; the latest was in April 2019. Its 3 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 2 smaller; the largest is Azure Power Eris Private Limited with revenue of ₹7.82 Cr. The company has 4 MSME Form 1 returns on record between 2022 and 2023, listing 20 overdue payments to 5 micro and small suppliers.
Capsol Energy Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-02-0053169). For more details, the company can be reached via its website radiancerenewables.com.
Company details
CIN U74999MH2018PTC433939
Registration Number 433939
Incorporation Date 21 March 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Radiance Renewables Private Limited
MSME Classification Medium
Udyam Registration UDYAM-TS-02-0053169
CIN history
Capsol Energy has one previous CIN (Corporate Identification Number): U74999TG2018PTC123182. The current CIN is U74999MH2018PTC433939, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2018PTC433939 | Current |
| U74999TG2018PTC123182 | Previous |
Recognitions & Rankings of Capsol Energy
Contact details
Capsol Energy Private Limited's registered office is in Mumbai, Maharashtra. Its website is radiancerenewables.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address611 Synergy Court Off., Ramchandra Lane Kanchpada, Mumbai, Maharashtra, India – 400064
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Capsol Energy Private Limited, buy the company report.
Comprehensive company report
Capsol 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
Capsol Energy operates one associated brand: Radiance Renewables. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Open access and behind-the-meter solar solutions are provided. | radiancerenewables.com |
Business activity
The main business activity of Capsol 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 Capsol Energy Private Limited, buy the company report.
Financials of Capsol Energy Private Limited
FY 2025 filings availableCapsol Energy Private Limited reported revenue of ₹7.76 Cr (down 1% YoY) for FY 2025.
Revenue · FY 2025
₹7.76 Cr ▼ 1%
Net profit · FY 2025
₹1.33 Cr margin 17.2%
EBITDA · FY 2025
₹6.33 Cr margin 81.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 1%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▼ 1%
5 years · compounded
▲ 8%
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA rose 7% 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 | ₹6.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.33 Cr | ||||
| Balance Sheet | |||||
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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 | 81.6% | ||||
| Net Profit Margin | 17.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Capsol Energy Private Limited, buy the company report.
Board of directors of Capsol Energy Private Limited
Capsol Energy has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mallikarjuna Ukkadala Also directs: Kushtagi Solar Power Private Limited, Radiance Ka Sunrise One Private Limited, Radiance MH Solar Power Private Limited and 5 more | Director | 14 Mar 2022 | 4 Years 7 Months | Current |
| Urvi Nitesh Shah | Director | 14 Mar 2022 | 4 Years 7 Months | Current |
Peer comparison
Capsol Energy Private 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 |
|---|---|---|---|---|---|---|
| Azure Power Eris Private Limited | ₹7.82 Cr (FY 2025) | -34.0% | New Delhi, Delhi, India | |||
| Capsol Energy Private Limitedthis company | ₹7.76 Cr (FY 2025) | ₹1.33 Cr | 17.2% | -1.0% | Mumbai, Maharashtra, India | |
| Sungold Energy Private Limited | ₹7.7 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Azure Power ( Punjab ) Private Limited | ₹7.69 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India |
To see the full peer comparison of Capsol Energy Private Limited, buy the company report.
Auditor
Capsol Energy Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Capsol Energy Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Capsol Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹32.5 Cr
Satisfied charges
₹36.94 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2022 | 100660443 | Others | ₹32.5 Cr | Open | |
| 27 Jul 2020 | 100361307 | Axis Bank Limited | ₹36.94 Cr | Satisfied |
To see the full charge records of Capsol Energy Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Capsol Energy Private Limited has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹12.68 Cr; the latest was in April 2019.
Total deals
4
Funding rounds
3
Rights issue
1
Disclosed funding
₹12.68 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Funding round | ₹7.53 Cr | Investors: Solon India Private Limited |
| Apr 2019 | Funding round | ₹15 Lakh | Investors: ZF Rane Automotive India Private Limited |
| Mar 2019 | Rights issue | ₹8.15 Cr | Investors: Solon India Private Limited , ZF Rane Automotive India Private Limited , Rane Engine Valve Limited Seller: 3 individuals |
| Aug 2018 | Funding round | ₹5 Cr | Investors: an individual |
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 Capsol 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
Capsol Energy Private Limited was last rated by Icra on 11 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 11 Nov 2021 |
To see the full credit ratings and regulatory alerts of Capsol Energy Private Limited, buy the company report.
MSME payment delays
Capsol Energy Private Limited has 4 MSME Form 1 returns on record between 2022 and 2023, listing 20 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Solon India Private Limited | |||
| an individual supplier | |||
| Serve HR Private Limited | |||
| Solavio Labs Private Limited |
To see the full MSME payment records of Capsol Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Capsol Energy has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCC4789N1Z1 | Tamil Nadu | Active | 26 Mar 2019 |
To see the full GST registrations and return filing status of Capsol Energy Private Limited, buy the company report.
Recent activity
Capsol Energy Private Limited has 12 board changes on record since 2018: 2 appointments and 10 cessations. The latest: Santosh Bhimrao Pawar ceased to be Company Secretary on 20 Nov 2023.
AGM
Capsol Energy Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Capsol Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Santosh Bhimrao Pawar ceased to be Company Secretary.
Charges
A charge with Others of Rs. 32.50 Cr registered on 09 Dec 2022 with Charge ID 100660443 was modified on 04 Aug 2023.
Charges
A charge registered on 27 Jul 2020 via Charge ID 100361307 with Axis Bank Limited was fully satisfied on 05 Jan 2023.
Charges
A charge with Others amounted to Rs. 32.50 Cr with Charge ID 100660443 was registered on 09 Dec 2022.
Ceased
Mallikarjuna Ukkadala ceased to be Additional Director.
Ceased
Urvi Nitesh Shah ceased to be Additional Director.
Appointed
Mallikarjuna Ukkadala was appointed as Director.
Ceased
Manikkan Sangameswaran ceased to be Director.
Ceased
Prasanna Prakash Desai ceased to be Director.
Appointed
Urvi Nitesh Shah was appointed as Director.
7 earlier events are in the company report.
News
Frequently asked questions
Capsol 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 21 March 2018 (8+ years old) and is registered under CIN U74999MH2018PTC433939.
Capsol Energy has 2 current directors:
- Mallikarjuna Ukkadala - Director
- Urvi Nitesh Shah - Director
The latest financial statements of Capsol Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Capsol Energy is 33AAHCC4789N1Z1, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Capsol Energy is U74999MH2018PTC433939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Capsol Energy was incorporated on 21 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Capsol Energy has 4 deals on record (3 funding rounds, 1 rights issue), with disclosed funding of ₹12.68 Cr; the latest was in April 2019.
The peers of Capsol Energy by revenue are Azure Power Eris Private Limited, Sungold Energy Private Limited, Azure Power ( Punjab ) Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Santosh Bhimrao Pawar ceased to be Company Secretary on 20 Nov 2023. Mallikarjuna Ukkadala ceased to be Additional Director on 01 Sep 2022. Urvi Nitesh Shah ceased to be Additional Director on 01 Sep 2022. Capsol Energy has 12 board changes on record in total.
Yes, Capsol Energy is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-02-0053169).
Capsol Energy has 4 MSME Form 1 returns on record between 2022 and 2023, listing 20 overdue payments to 5 micro and small suppliers. The latest return was filed on 28 Oct 2023.
Capsol Energy can be reached through the website radiancerenewables.com. Its registered office is in Mumbai, Maharashtra, India.
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