MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0212703
Ciel Et Terre Solar Private Limited - energy and power in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹121.27 Cr
▲ 274% YoY
Net profit · FY 2024
₹9.68 Cr
Net margin 8%
EBITDA · FY 2024
₹19.48 Cr
EBITDA margin 16.1%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹4.92 Cr
Issued & subscribed
Open charges
₹51.08 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
68
Provident fund records
About Ciel Et Terre Solar Private Limited
Data last updated:
Ciel Et Terre Solar Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Ciel Et Terre International. It operates in the power epc, bop and btg services segment of the energy and power sector. It was incorporated on 10 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51909KA2018FTC115429. Its GSTIN is 29AAHCC7012N1ZC (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹4.92 Cr. It is led by director Stephane Prouvost.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Manyata Business Park, Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹121.27 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.68 Cr (net margin 8%) and EBITDA of ₹19.48 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years and 170% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ciel & Terre. As per MCA filings, the company has open charges of ₹51.08 Cr on record. The company has 2 deals on record (2 rights issues); the latest was in September 2021. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers.
Ciel Et Terre Solar Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0212703). For more details, the company can be reached via its website ciel-et-terre.net.
Company details
CIN U51909KA2018FTC115429
Registration Number 115429
Incorporation Date 10 August 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Ciel Et Terre International
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0212703
Key People
Deepak Ushadevi Ceo Stephane Prouvost Director Recognitions & Rankings of Ciel Et Terre Solar
Contact details
Ciel Et Terre Solar Private Limited's registered office is in Bangalore, Karnataka. Its website is ciel-et-terre.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5th Floor Block C4 Wing B Elm, Manyata Business Park Nagavara, Bangalore, Karnataka, India – 560045
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Ciel Et Terre Solar Private Limited, buy the company report.
Comprehensive company report
Ciel Et Terre Solar 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
Ciel Et Terre Solar operates one associated brand: Ciel & Terre. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of large-scale floating PV plants | ciel-et-terre.net |
Business activity
The main business activity of Ciel Et Terre Solar 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 Ciel Et Terre Solar Private Limited, buy the company report.
Financials of Ciel Et Terre Solar Private Limited
FY 2025 filings availableCiel Et Terre Solar Private Limited reported revenue of ₹121.27 Cr (up 274% YoY) for FY 2024.
Revenue · FY 2024
₹121.27 Cr ▲ 274%
Net profit · FY 2024
₹9.68 Cr margin 8%
EBITDA · FY 2024
₹19.48 Cr margin 16.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 274%
3 years · compounded
▲ 65%
5 years · compounded
▲ 170%
EBITDA CAGR growth
1 year
▲ 526%
3 years · compounded
▲ 95%
5 years · compounded
▲ 105%
Revenue has grown at a compounded annual rate (CAGR) of 170% over five years, including 274% growth in the latest year. EBITDA rose 526% 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 | ₹19.48 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.68 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 |
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| Profitability | |||||
| EBITDA Margin | 16.1% | ||||
| Net Profit Margin | 8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Ciel Et Terre Solar Private Limited, buy the company report.
Board of directors and KMP of Ciel Et Terre Solar Private Limited
Ciel Et Terre Solar Private Limited currently reports 1 director and 1 key managerial person. 1 former director has served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Ushadevi | Ceo | 23 Jan 2023 | 3 Years 9 Months | Current |
| Stephane Prouvost Also directs: Ciel & Terre Solar Export India Private Limited | Director | 10 Aug 2018 | 8 Years 2 Months | Current |
Auditor
Ciel Et Terre Solar Private Limited is audited by RSNA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RSNA & Associates | FY 2023 | 018427S |
Shareholding
The shareholding of Ciel Et Terre Solar 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 Ciel Et Terre Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹51.08 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2025 | 101125172 | The Hongkong and Shanghai Banking Corporation Limited | ₹5.5 Cr | Open | |
| 20 Dec 2022 | 100672937 | Hdfc Bank Limited | ₹2.54 Cr | Open | |
| 06 Dec 2021 | 100549401 | Hdfc Bank Limited | ₹43.04 Cr | Open |
To see the full charge records of Ciel Et Terre Solar Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Ciel Et Terre Solar Private Limited has 2 deals on record (2 rights issues); the latest was in September 2021.
Total deals
2
Rights issues
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Rights issue | ₹3.51 Cr | Investors: Cielet Terre International |
| Feb 2019 | Rights issue | ₹1.75 Cr | Investors: Cielet Terre International |
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 Ciel Et Terre Solar Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Ciel Et Terre Solar Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| All E Technologies Limited |
To see the full MSME payment records of Ciel Et Terre Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ciel Et Terre Solar Private Limited has a workforce of 68 employees on its EPFO records as of Aug 23, 2024, across 1 active EPFO establishment.
Employee count
68
Active EPFO establishments
1
Employee growth
23.64%
GST
Ciel Et Terre Solar has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCC7012N1ZC | Karnataka | Active | 23 Oct 2018 |
| 32AAHCC7012N1ZP | Kerala | Active | 01 Aug 2020 |
| 23AAHCC7012N1ZO | Madhya Pradesh | Active | 14 Nov 2022 |
To see the full GST registrations and return filing status of Ciel Et Terre Solar Private Limited, buy the company report.
Recent activity
Ciel Et Terre Solar Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Deepak Ushadevi was appointed as CEO on 23 Jan 2023.
AGM
Ciel Et Terre Solar Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 5.50 Cr with Charge ID 101125172 was registered on 15 Jul 2025.
Filing
Ciel Et Terre Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited of Rs. 43.04 Cr registered on 06 Dec 2021 with Charge ID 100549401 was modified on 19 Feb 2025.
Appointed
Deepak Ushadevi was appointed as CEO.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.54 Cr with Charge ID 100672937 was registered on 20 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 43.04 Cr with Charge ID 100549401 was registered on 06 Dec 2021.
Ceased
Deepak Ushadevi ceased to be Director.
Appointed
Stephane Prouvost was appointed as Director.
Incorporation
10 Aug 2018
Ciel Et Terre Solar Private Limited was registered on 10 Aug 2018 with Roc Bangalore & aged 8 years 2 months as per MCA records.
News
Frequently asked questions
Ciel Et Terre Solar is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in power epc, bop and btg services, within the energy and power industry. It was incorporated on 10 August 2018 (8+ years old) and is registered under CIN U51909KA2018FTC115429.
Ciel Et Terre Solar has 2 current directors and KMP:
- Stephane Prouvost - Director
- Deepak Ushadevi - Ceo
The latest financial statements of Ciel Et Terre Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Ciel Et Terre Solar is 29AAHCC7012N1ZC, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 32AAHCC7012N1ZP (Kerala), 23AAHCC7012N1ZO (Madhya Pradesh).
The CIN (Corporate Identification Number) of Ciel Et Terre Solar is U51909KA2018FTC115429. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ciel Et Terre Solar was incorporated on 10 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Ciel Et Terre Solar has 2 deals on record (2 rights issues); the latest was in September 2021.
Deepak Ushadevi was appointed as CEO on 23 Jan 2023. Deepak Ushadevi ceased to be Director on 16 Mar 2020. Stephane Prouvost was appointed as Director on 10 Aug 2018.
Yes, Ciel Et Terre Solar is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0212703).
Ciel Et Terre Solar has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Ciel Et Terre Solar can be reached through the website ciel-et-terre.net. Its registered office is in Bangalore, Karnataka, India.
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