About Citizen Solar Limited
Data last updated: 14 July 2026
Citizen Solar Limited is a public limited company based in Ahmedabad Local, Gujarat, India. It specialises in electronics retail and distribution, a part of the broader consumer electronics and durables sector. Incorporated on 14 November 1994, the company has been in operation for over 32 years.
Registered with ROC Ahmedabad under CIN L31100GJ1994PLC023561. Listed on BSE: 538786.
Capital: an authorised share capital of ₹15.5 Cr and a paid-up capital of ₹14.04 Cr. Formerly known as Citizen Securities Ltd and Citizen Solar Limited. It is led by directors including Omprakash Lalchand Jain and Chirag Hemendrakumar Jirawala.
Last AGM: 12 September 2025. Financial statements filed for year ended 31 March 2025. Office: 411 Sakar – Ii Ellisbridge Ashram Road Ahmedabad – 380006, Ahmedabad Local, Gujarat, India – 380006.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹310.92 Cr, reflecting significant growth compared to the previous year. The net worth stands at ₹41.88 Cr (up 803.72% YoY). Total assets are valued at ₹177.45 Cr (up 3722.03% YoY).
The company has a workforce of approximately 1 employees as per the latest available data.
The company is associated with 1 brand - Citizen Infoline. As per MCA filings, the company has open charges of ₹140.88 Cr and satisfied charges of ₹2.46 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website citizeninfoline.com.
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Registered Address411 Sakar – Ii Ellisbridge Ashram Road Ahmedabad – 380006, Ahmedabad Local, Gujarat, India – 380006
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IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Citizen Solar Limited
Citizen Solar Limited has undergone 2 name changes throughout its history. The company was previously known as Citizen Securities Ltd, and Citizen Solar Limited. The current legal name is Citizen Solar Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Citizen Solar Limited | Current |
| Citizen Securities Ltd | Previous |
CIN History of Citizen Solar Limited
Citizen Solar Limited has one previous CIN (Corporate Identification Number): L67120GJ1994PLC023561. The current CIN is L31100GJ1994PLC023561, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L31100GJ1994PLC023561 | Current |
| L67120GJ1994PLC023561 | Previous |
Associated Brands with Citizen Solar Limited
Citizen Solar Limited operates one associated brand: Citizen Infoline. These brands represent Citizen Solar Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Citizen's Yellow Pages – India's Largest Business Directory | citizeninfoline.com |
Competitors & Alternatives of Citizen Solar Limited
Brands and companies operating in the same space as Citizen Solar Limited include Justdial, Ask Me, Asklaila and 3 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Justdial
|
Local service providers are listed online across multiple categories. | Mumbai, India, India | 1996 |
Ask Me
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A mobile-first platform for discovering deals and searching local businesses. | Noida, India, India | 2011 |
Asklaila
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Local businesses are listed and reviewed via an online platform. | Bengaluru, India, India | 2006 |
Billion Ables
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Online discovery platform catering to differently-abled and elder people | Noida, India, India | 2015 |
The Kolkata Buzz
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Online directory for Kolkata's food, shopping, nightlife, and travel spots | Kolkata, India, India | 2016 |
Adylist
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Provides an app-based directory for local service businesses, connecting users with nearby options. | Bhavnagar, India, India | 2016 |
Business Activity of Citizen Solar Limited
Citizen Solar Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details for Citizen Solar Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Citizen Solar Limited
Citizen Solar Limited is audited by KRUTESH PATEL & ASSOCIATES (ICAI peer reviewed, certificate valid till 2026-08-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| KRUTESH PATEL & ASSOCIATES (ICAI peer reviewed, certificate valid till 2026-08-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Citizen Solar Limited
Citizen Solar Limited is currently managed by 8 directors, with 15 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Omprakash Lalchand Jain
Also directs:
Citizen Solar Private Limited
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Managing Director | 14 Nov 1994 | 31 Years 8 Months | Current |
| Chirag Hemendrakumar Jirawala | Director | 10 Jul 2025 | 1 Years 0 Months | Current |
| Ashadevi Nathmal Gogad | Director | 10 Jul 2025 | 1 Years 0 Months | Current |
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Tansukhraj Lalchand Jain
Also directs:
Citizen Solar Private Limited
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Director | 28 May 2026 | 0 Years 2 Months | Current |
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Harsh Omprakash Jain
Also directs:
Citizen Solar Private Limited
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Director | 28 May 2026 | 0 Years 2 Months | Current |
| Hareshkumar Jivanlal Parmar | Director | 28 May 2026 | 0 Years 2 Months | Current |
Financials of Citizen Solar Limited FY 2026 filings available
Citizen Solar Limited reported revenue of ₹310.92 Cr (up 7578.25% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹310.92 Cr | ₹4.05 Cr | ₹3.92 Cr | ₹2.38 Cr | ₹59.31 Lakh | ₹55.44 Lakh | ₹1.48 Cr | ₹2.44 Cr |
| Other Income | ₹1.12 Cr | ₹36.92 Lakh | ₹38.12 Lakh | ₹33.03 Lakh | ₹57.3 Lakh | ₹40.61 Lakh | ₹40.81 Lakh | ₹42.4 Lakh |
| Total Income | ₹312.04 Cr | ₹4.42 Cr | ₹4.3 Cr | ₹2.71 Cr | ₹1.17 Cr | ₹96.05 Lakh | ₹1.89 Cr | ₹2.87 Cr |
| Cost of Materials Consumed | ₹251.89 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹4.01 Cr | ₹3.88 Cr | ₹2.26 Cr | ₹29.3 Lakh | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹86.75 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹5.9 Cr | ₹27.07 Lakh | ₹32.23 Lakh | ₹32.59 Lakh | ₹37.17 Lakh | ₹63.55 Lakh | ₹1.16 Cr | ₹1.67 Cr |
| Finance Costs | ₹2.3 Cr | ₹7,000 | ₹2,000 | ₹3,000 | ₹1,000 | ₹4,000 | ₹2.23 Lakh | ₹3.83 Lakh |
| Depreciation & Amortisation | ₹2 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹18.23 Lakh |
| Other Expenses | ₹18.96 Cr | ₹9.25 Lakh | ₹8.89 Lakh | ₹10.63 Lakh | ₹56.52 Lakh | ₹43.68 Lakh | ₹78.53 Lakh | ₹97.32 Lakh |
| Total Expenses | ₹281.92 Cr | ₹4.38 Cr | ₹4.29 Cr | ₹2.7 Cr | ₹1.23 Cr | ₹1.07 Cr | ₹1.97 Cr | ₹2.87 Cr |
| Profit Before Exceptional Items & Tax | ₹30.12 Cr | ₹4 Lakh | ₹79,000 | ₹92,000 | -₹6.39 Lakh | -₹11.22 Lakh | -₹8.48 Lakh | -₹31,000 |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹30.12 Cr | ₹4 Lakh | ₹79,000 | ₹92,000 | -₹6.39 Lakh | -₹11.22 Lakh | -₹8.48 Lakh | -₹31,000 |
| Total Tax Expense | ₹7.69 Cr | ₹71,000 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.92 Lakh | -₹2.17 Lakh |
| Net Profit | ₹22.03 Cr | ₹3.29 Lakh | ₹79,000 | ₹92,000 | -₹6.39 Lakh | -₹11.22 Lakh | -₹10.4 Lakh | ₹1.86 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹22.03 Cr | ₹3.29 Lakh | ₹79,000 | ₹92,000 | -₹6.39 Lakh | -₹11.22 Lakh | -₹10.4 Lakh | ₹1.86 Lakh |
| EBITDA (computed) | ₹34.42 Cr | ₹4.07 Lakh | ₹81,000 | ₹95,000 | -₹6.38 Lakh | -₹11.18 Lakh | -₹6.25 Lakh | ₹21.75 Lakh |
| Basic EPS | ₹15.97 | ₹0.06 | ₹0.01 | ₹0.02 | ₹-0.12 | ₹-0.21 | ₹-0.11 | ₹0.03 |
| Diluted EPS | ₹15.97 | ₹0.06 | ₹0.01 | ₹0.02 | ₹-0.12 | ₹-0.21 | ₹-0.11 | ₹0.03 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹177.45 Cr | ₹4.64 Cr | ₹4.61 Cr | ₹4.7 Cr | ₹4.66 Cr | ₹4.71 Cr | ₹5.09 Cr | ₹5.37 Cr |
| Non-current Assets | ₹126.06 Cr | ₹4.51 Cr | ₹4.46 Cr | ₹4.57 Cr | ₹4.57 Cr | ₹4.61 Cr | ₹4.84 Cr | ₹5.25 Cr |
| Current Assets | ₹51.39 Cr | ₹12.92 Lakh | ₹14.58 Lakh | ₹12.37 Lakh | ₹9.52 Lakh | ₹9.22 Lakh | ₹24.95 Lakh | ₹11.67 Lakh |
| Property, Plant & Equipment | ₹42.23 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹84.35 Lakh |
| Inventories | ₹9.79 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹10.63 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹25,000 | ₹10.38 Lakh | ₹1.48 Lakh |
| Cash & Equivalents | ₹7.96 Lakh | ₹2.58 Lakh | ₹1.07 Lakh | ₹1.59 Lakh | ₹1.66 Lakh | ₹2.59 Lakh | ₹11.18 Lakh | ₹2.37 Lakh |
| Equity (Net Worth) | ₹41.88 Cr | ₹4.63 Cr | ₹4.6 Cr | ₹4.59 Cr | ₹4.58 Cr | ₹4.65 Cr | ₹4.76 Cr | ₹4.83 Cr |
| Equity Share Capital | ₹14.04 Cr | ₹5.4 Cr | ₹5.4 Cr | ₹5.4 Cr | ₹5.4 Cr | ₹5.4 Cr | ₹5.4 Cr | ₹5.4 Cr |
| Borrowings (Non-current) | ₹73.9 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹5 Lakh |
| Borrowings (Current) | ₹32 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹19.59 Lakh |
| Total Debt (computed) | ₹105.89 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹24.59 Lakh |
| Current Liabilities | ₹60.06 Cr | ₹7,000 | ₹91,000 | ₹10.4 Lakh | ₹7.66 Lakh | ₹1.27 Lakh | ₹26.15 Lakh | ₹40.18 Lakh |
| Total Liabilities | ₹135.57 Cr | ₹87,000 | ₹91,000 | ₹10.4 Lakh | ₹7.66 Lakh | ₹5.82 Lakh | ₹32.64 Lakh | ₹54.14 Lakh |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹21.02 Cr | ₹3.33 Lakh | -₹8.66 Lakh | ₹3.7 Lakh | -₹6.39 Lakh |
| Investing Cash Flow | -₹102.38 Cr | ₹0 | ₹0 | ₹0 | - |
| Financing Cash Flow | ₹81.41 Cr | -₹1.82 Lakh | ₹8.15 Lakh | -₹3.61 Lakh | - |
| Capital Expenditure | ₹22.81 Cr | ₹0 | ₹0 | ₹0 | - |
| Free Cash Flow (computed) | -₹1.8 Cr | ₹3.33 Lakh | -₹8.66 Lakh | ₹3.7 Lakh | - |
| Dividends Paid | ₹3.93 Cr | ₹0 | ₹0 | ₹0 | - |
| Net Change in Cash | ₹5.1 Lakh | ₹1.51 Lakh | -₹51,000 | ₹8,600 | -₹6.39 Lakh |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹109.77 Cr | ₹9 Lakh | ₹3.1 Cr | ₹1.35 Cr | ₹50.07 Lakh | ₹93.77 Lakh | ₹1.82 Cr | ₹1.35 Cr |
| Other Income | ₹92.31 Lakh | ₹0 | ₹0 | ₹0 | ₹11.34 Lakh | ₹10.36 Lakh | ₹6.45 Lakh | ₹0 |
| Total Income | ₹110.69 Cr | ₹9 Lakh | ₹3.1 Cr | ₹1.35 Cr | ₹61.41 Lakh | ₹1.04 Cr | ₹1.89 Cr | ₹1.35 Cr |
| Cost of Materials Consumed | ₹82.85 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹8.85 Lakh | ₹2.8 Cr | ₹1.19 Cr | ₹49.04 Lakh | ₹93 Lakh | ₹1.81 Cr | ₹1.19 Cr |
| Changes in Inventories | ₹6.71 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹1.29 Cr | ₹7.16 Lakh | ₹7.09 Lakh | ₹8.31 Lakh | ₹7.93 Lakh | ₹9.2 Lakh | ₹6.15 Lakh | ₹8.31 Lakh |
| Finance Costs | ₹11.11 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Depreciation & Amortisation | ₹50.12 Lakh | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹3.29 Cr | ₹2.16 Lakh | ₹6.38 Lakh | ₹4.67 Lakh | ₹3.82 Lakh | ₹64,000 | ₹50,000 | ₹4.67 Lakh |
| Total Expenses | ₹94.75 Cr | ₹18.17 Lakh | ₹2.93 Cr | ₹1.32 Cr | ₹60.79 Lakh | ₹1.03 Cr | ₹1.88 Cr | ₹1.32 Cr |
| Profit Before Exceptional Items & Tax | ₹15.94 Cr | -₹9.17 Lakh | ₹16.53 Lakh | ₹2.53 Lakh | ₹62,000 | ₹1.29 Lakh | ₹1.19 Lakh | ₹2.53 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹15.94 Cr | -₹9.17 Lakh | ₹16.53 Lakh | ₹2.53 Lakh | ₹62,000 | ₹1.29 Lakh | ₹1.19 Lakh | ₹2.53 Lakh |
| Total Tax Expense | ₹1.92 Cr | ₹0 | ₹0 | ₹0 | ₹71,000 | ₹0 | ₹0 | ₹0 |
| Net Profit | ₹13.62 Cr | -₹9.17 Lakh | ₹16.53 Lakh | ₹2.53 Lakh | -₹9,000 | ₹1.29 Lakh | ₹1.19 Lakh | ₹2.53 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹13.62 Cr | -₹9.17 Lakh | ₹16.53 Lakh | ₹2.53 Lakh | -₹9,000 | ₹1.29 Lakh | ₹1.19 Lakh | ₹2.53 Lakh |
| EBITDA (computed) | ₹16.55 Cr | -₹9.17 Lakh | ₹16.53 Lakh | ₹2.53 Lakh | ₹62,000 | ₹1.29 Lakh | ₹1.19 Lakh | ₹2.53 Lakh |
| Basic EPS | ₹9.98 | ₹-0.17 | ₹0.31 | ₹0.05 | ₹0.00 | ₹0.02 | ₹0.02 | ₹0.05 |
| Diluted EPS | ₹9.98 | ₹-0.17 | ₹0.31 | ₹0.05 | ₹0.00 | ₹0.02 | ₹0.02 | ₹0.05 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| OTHERS | ₹0 | ₹0 | ₹0 | ₹0 |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| OTHERS | ₹0 | ₹0 | - | - |
Shareholding Pattern of Citizen Solar Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 34.77%, domestic institutional investors hold 0.40%, retail and other public shareholders hold 64.83% of Citizen Solar Limited. The company had 6,451 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% | 34.77% |
| Public | 65.23% | 65.23% | 65.23% | 65.23% | 65.23% | 65.23% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 34.77% | 34.77% | 34.77% |
| Public | 65.23% | 65.23% | 65.23% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Citizen Solar Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2019 | Hdfc Bank Limited | ₹140.88 Cr | Open |
| 28 Oct 2010 | Dena Bank | ₹75 Lakh | Satisfied |
| 11 Nov 2009 | Hdfc Bank Limited | ₹1.41 Cr | Satisfied |
| 07 Aug 2004 | Punjab National Bank | ₹15 Lakh | Satisfied |
| 29 Jul 2004 | Punjab National Bank | ₹15 Lakh | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Citizen Solar Limited
Citizen Solar Limited has a workforce of 1 employees as of Apr 01, 2024.
Employee and EPFO history for Citizen Solar Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Citizen Solar Limited
GST registrations and filing compliance for Citizen Solar Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
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Credit Ratings, Litigation & Regulatory Alerts for Citizen Solar Limited
Credit ratings, litigation, and regulatory alerts for Citizen Solar Limited
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- Rating history
- Court and tribunal cases
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MSME Payment Delays by Citizen Solar Limited
MSME payment history for Citizen Solar Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
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Subsidiaries & Group Companies of Citizen Solar Limited
Corporate group structure for Citizen Solar Limited
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MCA Filings & Documents of Citizen Solar Limited
MCA filings and documents for Citizen Solar Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
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Recent Activity on Citizen Solar Limited
Frequently Asked Questions about Citizen Solar Limited
Citizen Solar Limited is an active public limited company in the consumer electronics and durables sector based in Ahmedabad Local, Gujarat, India. It was incorporated on 14 November 1994 (32+ years old) and is registered under CIN L31100GJ1994PLC023561. Listed on BSE: 538786. The company has 1 employees.
Citizen Solar Limited reported revenue of ₹310.92 Cr for FY 2026 (up 7578.25% YoY) based on standalone BSE filings.
The current directors of Citizen Solar Limited are:
- Omprakash Lalchand Jain - Managing Director
- Chirag Hemendrakumar Jirawala - Director
- Ashadevi Nathmal Gogad - Director
- Tansukhraj Lalchand Jain - Director
- Harsh Omprakash Jain - Director
- Hareshkumar Jivanlal Parmar - Director
- Sagar Tansukhraj Jain - Director
- Vikash Madanlal Agrawal - Director
The primary industry of Citizen Solar Limited is consumer electronics and durables. The company specifically operates in electronic appliances retail and distribution. The company is currently active in this sector.
Yes. Citizen Solar Limited is listed on BSE with code 538786.
Citizen Solar Limited can be reached at the registered office: 411 Sakar – Ii Ellisbridge Ashram Road Ahmedabad – 380006, Ahmedabad Local, Gujarat, India – 380006, or through the website citizeninfoline.com.