About Chirasthaayee Saurya Limited
Data last updated:
Chirasthaayee Saurya Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Power Solar Systems Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 14 June 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40101MH2016PLC330252. Its GSTIN is 29AAGCC5029A2ZY (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was led by directors including Ashwinikumar Ganpatrao Patil and Gautam Attravanam.
Its last annual general meeting (AGM) was held on 11 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Tata Power Corporate Centre B 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2024, the company reported a revenue of ₹58.92 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹14.9 Cr (net margin 25.3%) and EBITDA of ₹45.67 Cr (EBITDA margin 77.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company was associated with 1 brand: Tata Power Solar. As per MCA filings, the company had open charges of ₹255 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it.
The last known website on record is tatapowersolar.com.
Company details
CIN history
Chirasthaayee Saurya has one previous CIN (Corporate Identification Number): U40101KA2016PLC094100. The current CIN is U40101MH2016PLC330252, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40101MH2016PLC330252 | Current |
| U40101KA2016PLC094100 | Previous |
Contact details
Chirasthaayee Saurya Limited's registered office is in Mumbai, Maharashtra. Its website is tatapowersolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTata Power Corporate Centre B 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Chirasthaayee Saurya 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
Chirasthaayee Saurya operates one associated brand: Tata Power Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures photovoltaic modules and solar cells for renewable energy solutions. | tatapowersolar.com |
Financials of Chirasthaayee Saurya Limited
FY 2024 filings availableChirasthaayee Saurya Limited reported revenue of ₹58.92 Cr (up 16% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 16% growth in the latest year. 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹45.67 Cr | ||||
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| Net Profit (PAT) | ₹14.9 Cr | ||||
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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 | 77.5% | ||||
| Net Profit Margin | 25.3% | ||||
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To see the full financial statements and ratios of Chirasthaayee Saurya Limited, buy the company report.
Board of directors of Chirasthaayee Saurya Limited
Chirasthaayee Saurya has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwinikumar Ganpatrao Patil | Director | 21 Jan 2021 | 5 Years 9 Months | As last reported |
| Gautam Attravanam | Director | 28 Nov 2018 | 7 Years 10 Months | As last reported |
| Mahesh Dinkar Paranjpe | Director | 14 Jun 2016 | 10 Years 4 Months | As last reported |
Peer comparison
Chirasthaayee Saurya Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Chirasthaayee Saurya Limitedthis company | ₹58.92 Cr (FY 2024) | ₹14.9 Cr | 25.3% | 16.0% | Mumbai, Maharashtra, India | |
| Azure Solar Private Limited | ₹49.85 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Morjar Renewables Private Limited | ₹49.77 Cr (FY 2025) | 7385.0% | Mumbai, Maharashtra, India | |||
| Today Green Energy Private Limited | ₹49.71 Cr (FY 2024) | -4.0% | New Delhi, Delhi, India | |||
| Sepset Constructions Limited | ₹49.56 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India | |||
| Clean Max Scorpius Private Limited | ₹48.69 Cr (FY 2025) | 46.0% | Mumbai, Maharashtra, India | |||
| Amplus Solar Power Private Limited | ₹48.67 Cr (FY 2022) | 0.0% | New Delhi, Delhi, India | |||
| Magnet Buildtech Private Limited | ₹48.58 Cr (FY 2025) | 1.0% | Ahmedabad, Gujarat, India | |||
| Maheswari Mining & Energy Private Limited | ₹48.52 Cr (FY 2024) | 23.0% | Hyderabad, Telangana, India | |||
| Maheshkumar Spinning Mills Private Limited | ₹48.52 Cr (FY 2024) | -9.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Chirasthaayee Saurya Limited, buy the company report.
Auditor
Chirasthaayee Saurya Limited is audited by S.R.Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Associates LLP | FY 2024 | 101049W/ E300004 |
Shareholding
The shareholding of Chirasthaayee Saurya 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 Chirasthaayee Saurya Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2021 | 100520590 | Idbi Trusteeship Services Limited | ₹255 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Chirasthaayee Saurya Limited has 6 court cases on record: 4 filed by Chirasthaayee Saurya, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Writ petition | Filed against the company by Hubli Electricity Supply Company Limited | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
| High Court of Karnataka | Appeal | Filed against the company | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Disposed |
To see the full case history of Chirasthaayee Saurya 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
No delayed payments to MSME suppliers are on our record for Chirasthaayee Saurya Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Chirasthaayee Saurya has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCC5029A2ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chirasthaayee Saurya Limited, buy the company report.
Recent activity
Chirasthaayee Saurya Limited has 16 board changes on record since 2016: 3 appointments and 13 cessations. The latest: Aditya Shriniwas Gupta ceased to be Cfo(Kmp) on 17 Jun 2022.
8 earlier events are in the company report.
News
Frequently asked questions
Chirasthaayee Saurya has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Chirasthaayee Saurya was a public limited company based in Mumbai, Maharashtra, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 14 June 2016 and is registered under CIN U40101MH2016PLC330252. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Chirasthaayee Saurya was incorporated on 14 June 2016. It is registered with the Registrar of Companies, Mumbai.
Chirasthaayee Saurya had 3 directors:
- Ashwinikumar Ganpatrao Patil - Director
- Gautam Attravanam - Director
- Mahesh Dinkar Paranjpe - Director
The CIN (Corporate Identification Number) of Chirasthaayee Saurya is U40101MH2016PLC330252. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Chirasthaayee Saurya is at Tata Power Corporate Centre B 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
Chirasthaayee Saurya can be reached through the website tatapowersolar.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Chirasthaayee Saurya on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 11 July 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Chirasthaayee Saurya is 29AAGCC5029A2ZY, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Chirasthaayee Saurya operated in the environment industry, in the solar energy solutions segment.
The peers of Chirasthaayee Saurya by revenue are Azure Solar Private Limited, Morjar Renewables Private Limited, Today Green Energy Private Limited, Sepset Constructions Limited, Clean Max Scorpius Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).