MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0021660
Citizen Solar Private Limited - consumer electronics & durables in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹186.55 Cr
▲ 78% YoY
Net profit · FY 2025
₹11.62 Cr
Net margin 6.2%
EBITDA · FY 2025
₹19.75 Cr
EBITDA margin 10.6%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹78.6 Lakh
Issued & subscribed
Open charges
₹140.88 Cr
Satisfied ₹9.82 Cr
Company age
9 yrs
Est. 2017
Employees · EPFO
44
Provident fund records
About Citizen Solar Private Limited
Data last updated:
Citizen Solar Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 26 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65993GJ2017PTC097598. Its GSTIN is 24AAECI5127K1ZL (Gujarat).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹78.6 Lakh. It was formerly known as Citizen Renewable Energy Private Limited. It is led by directors including Ravindra Omprakash Jain and Tansukhraj Lalchand Jain.
Its last annual general meeting (AGM) was held on 27 May 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 412 Sakar II Ellisbridge Corner Ashram Road, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹186.55 Cr, a growth of 78% compared to the previous year. For the same year it recorded a net profit of ₹11.62 Cr (net margin 6.2%) and EBITDA of ₹19.75 Cr (EBITDA margin 10.6%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 28% over five years.
The company has about 44 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Citizen solar. As per MCA filings, the company has open charges of ₹140.88 Cr and satisfied charges of ₹9.82 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 1 case is pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹3.49 Cr; the latest was in March 2024.
Citizen Solar Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0021660). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website citizensolar.com.
Company details
CIN U65993GJ2017PTC097598
Registration Number 097598
Incorporation Date 26 May 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 May 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0021660
Name history
Citizen Solar has undergone 5 name changes throughout its history. The current legal name is Citizen Solar Private Limited.
| Company Name | Status |
|---|---|
| Citizen Solar Private Limited | Current |
| Citizen Renewable Energy Private Limited | Previous |
| Citizen Energy Private Limited | Previous |
| Infociti Finserv Private Limited | Previous |
| Citizen Green Energy Private Limited | Previous |
Key People
Ravindra Omprakash Jain Director Tansukhraj Lalchand Jain Director Omprakash Lalchand Jain Director Recognitions & Rankings of Citizen Solar
Contact details
Citizen Solar Private Limited's registered office is in Ahmedabad, Gujarat. Its website is citizensolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address412 Sakar II Ellisbridge Corner Ashram Road, Ahmedabad, Gujarat, India – 380006
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Citizen Solar Private Limited, buy the company report.
Comprehensive company report
Citizen 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
Citizen Solar operates one associated brand: Citizen solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar panels and offers installation for homes and businesses. | citizensolar.com |
Business activity
The main business activity of Citizen Solar is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Citizen Solar Private Limited, buy the company report.
Financials of Citizen Solar Private Limited
FY 2025 filings availableCitizen Solar Private Limited reported revenue of ₹186.55 Cr (up 78% YoY) for FY 2025.
Revenue · FY 2025
₹186.55 Cr ▲ 78%
Net profit · FY 2025
₹11.62 Cr margin 6.2%
EBITDA · FY 2025
₹19.75 Cr margin 10.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 78%
3 years · compounded
▲ 51%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 567%
3 years · compounded
▲ 104%
5 years · compounded
▲ 43%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 78% growth in the latest year. EBITDA rose 567% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹186.55 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹19.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.62 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.6% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Citizen Solar Private Limited, buy the company report.
Board of directors of Citizen Solar Private Limited
Citizen Solar has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Omprakash Jain Also directs: Citizen Exports Private Limited | Director | 26 May 2017 | 9 Years 5 Months | Current |
| Tansukhraj Lalchand Jain Also directs: Citizen Solar Limited | Director | 01 Nov 2017 | 9 Years 0 Months | Current |
| Omprakash Lalchand Jain Also directs: Citizen Solar Limited | Director | 09 Nov 2017 | 8 Years 11 Months | Current |
| Harsh Omprakash Jain Also directs: Citizen Solar Limited | Director | 26 May 2017 | 9 Years 5 Months | Current |
Auditor
Citizen Solar Private Limited is audited by KRUTESH PATEL & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KRUTESH PATEL & ASSOCIATES | FY 2025 | 100865W |
Shareholding
The shareholding of Citizen Solar 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 Citizen Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹140.88 Cr
Satisfied charges
₹9.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Oct 2019 | 100299006 | Hdfc Bank Limited | ₹140.88 Cr | Open | |
| 23 Feb 2018 | 100162051 | The South Indian Bank Limited | ₹9.82 Cr | Satisfied |
To see the full charge records of Citizen Solar Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Citizen Solar Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹3.49 Cr; the latest was in March 2024.
Total deals
4
Secondary share transfers
3
Funding round
1
Disclosed funding
₹3.49 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Citizen Infoline Limited |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Technotrends Marketing Private Limited |
| Dec 2017 | Funding round | ₹3.49 Cr | Investors: Citizen Infoline Limited , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Citizen Solar Private Limited has 5 court cases on record: 2 filed by Citizen Solar, 3 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
2
Filed against the company
3
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, GANDHINAGAR, Gujarat | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (REFERENCE T LC) | Filed against the company by an individual | Disposed |
To see the full case history of Citizen Solar Private 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 Citizen Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Citizen Solar Private Limited has a workforce of 44 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
4.76%
GST
Citizen Solar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI5127K1ZL | Gujarat | Active | 15 Nov 2017 |
To see the full GST registrations and return filing status of Citizen Solar Private Limited, buy the company report.
Recent activity
Citizen Solar Private Limited has 10 board changes on record since 2017: 7 appointments and 3 cessations. The latest: Pranavi Dhanpatraj Jain ceased to be Director on 21 May 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 140.88 Cr registered on 29 Oct 2019 with Charge ID 100299006 was modified on 20 Aug 2025.
AGM
Citizen Solar Private Limited last Annual general meeting of members was held on 27 May 2025 as per latest MCA records.
Filing
Citizen Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Pranavi Dhanpatraj Jain ceased to be Director.
Charges
A charge registered on 23 Feb 2018 via Charge ID 100162051 with The South Indian Bank Limited was fully satisfied on 04 Dec 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 140.88 Cr with Charge ID 100299006 was registered on 29 Oct 2019.
Charges
A charge with The South Indian Bank Limited amounted to Rs. 9.82 Cr with Charge ID 100162051 was registered on 23 Feb 2018.
Charges
A charge with The South Indian Bank Limited of Rs. 9.82 Cr registered on 23 Feb 2018 with Charge ID 100162051 was modified on 23 Feb 2018.
Appointed
Omprakash Lalchand Jain was appointed as Director.
Appointed
Pranavi Dhanpatraj Jain was appointed as Director.
Appointed
Tansukhraj Lalchand Jain was appointed as Director.
Ceased
Kasturi Ravindra Jain ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Citizen Solar is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 26 May 2017 (9+ years old) and is registered under CIN U65993GJ2017PTC097598.
Citizen Solar has 4 current directors:
- Ravindra Omprakash Jain - Director
- Tansukhraj Lalchand Jain - Director
- Omprakash Lalchand Jain - Director
- Harsh Omprakash Jain - Director
The latest financial statements of Citizen Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 May 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Citizen Solar is 24AAECI5127K1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Citizen Solar is U65993GJ2017PTC097598. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citizen Solar has 5 court cases on record: 2 filed by the company and 3 filed against it. 1 is pending.
Citizen Solar was incorporated on 26 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Citizen Solar has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹3.49 Cr; the latest was in March 2024.
Pranavi Dhanpatraj Jain ceased to be Director on 21 May 2021. Omprakash Lalchand Jain was appointed as Director on 09 Nov 2017. Pranavi Dhanpatraj Jain was appointed as Director on 01 Nov 2017. Citizen Solar has 10 board changes on record in total.
Yes, Citizen Solar is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0021660).
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