About Clover Solar Private Limited
Data last updated:
Clover Solar Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 05 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29307MH2007PTC175715. Its GSTIN is 27AADCC2739E1ZV (Maharashtra).
The company has an authorised share capital of ₹4.1 Cr and a paid-up capital of ₹2.6 Cr. It is led by directors including Raj Hemant Shroff and Neelam Javed Tapia.
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 85 A – Wing Mittal Towers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.52 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹2.8 Cr (net margin 50.8%) and EBITDA of ₹4.71 Cr (EBITDA margin 85.2%). Revenue has declined at a compounded annual rate (CAGR) of 2% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Clover solar. As per MCA filings, the company has satisfied charges of ₹35.81 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 cloverrealty.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address85 A – Wing Mittal Towers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryEnvironment, Solar Energy Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Clover Solar Private Limited
The main business activity of Clover Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Clover Solar Private Limited FY 2025 filings available
Clover Solar Private Limited reported revenue of ₹5.52 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Clover Solar Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 4% fall in the latest year. EBITDA fell 4% 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 of Clover Solar Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.71 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.8 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Clover Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 85.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 50.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Clover Solar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Clover Solar Private Limited
Clover Solar Private Limited is audited by VIJAY RUNGTA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VIJAY RUNGTA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Clover Solar Private Limited
Clover Solar has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Hemant Shroff | Director | 07 Jan 2011 | 15 Years 9 Months | Current |
| Neelam Javed Tapia | Director | 18 Aug 2021 | 5 Years 1 Months | Current |
| Vilas Francis Dias Also directs: Jindal Combines Pvt Ltd, Aqua Vidyut Private Limited, Anns Realtors Private Limited and 5 more | Director | 24 Sep 2024 | 2 Years 0 Months | Current |
| Javed Faizullah Tapia | Director | 05 Nov 2007 | 18 Years 11 Months | Current |
Ownership and Shareholding of Clover Solar Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Clover Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Nov 2014 | Yes Bank Limited | ₹14.81 Cr | Satisfied |
| 16 May 2011 | Power Finance Corporation Limited | ₹21 Cr | Satisfied |
Total charge records: 2 View all charges
Associated Brands with Clover Solar Private Limited
Clover Solar operates one associated brand: Clover solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers turnkey solutions for off-grid and on-grid solar projects. | cloversolar.com |
Employees and EPFO Compliance at Clover Solar Private Limited
Employment history and EPFO contributions of people linked to Clover Solar.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Clover Solar Private Limited
Clover Solar has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hexagon Renewable Energy Resources Private Limited | U40101MH2010PTC204794 | Locked |
| Quality Renewable Energy Private Limited | U40200MH2010PTC200661 | Locked |
Showing major subsidiaries. Total: 2.
Recent Activity on Clover Solar Private Limited
Clover Solar Private Limited has 8 board changes on record since 2007: 4 appointments and 4 cessations. The latest: Vilas Francis Dias was appointed as Director on 24 Sep 2024.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Clover Solar Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Clover Solar Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Clover Solar Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Clover Solar Private Limited
Clover Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCC2739E1ZV | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Clover Solar Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Clover Solar Private Limited
Clover Solar 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 05 November 2007 (19+ years old) and is registered under CIN U29307MH2007PTC175715.
Clover Solar reported revenue of ₹5.52 Cr for FY 2025 (down 4% YoY).
Clover Solar has 4 current directors:
- Raj Hemant Shroff - Director
- Neelam Javed Tapia - Director
- Vilas Francis Dias - Director
- Javed Faizullah Tapia - Director
Clover Solar reported a net profit of ₹2.8 Cr (net margin 50.8%) and EBITDA of ₹4.71 Cr (EBITDA margin 85.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Clover Solar is -2% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Clover Solar is 27AADCC2739E1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Clover Solar is U29307MH2007PTC175715. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Clover Solar was incorporated on 05 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Vilas Francis Dias was appointed as Director on 24 Sep 2024. Dilip Gopal Bhandari ceased to be Additional Director on 16 Nov 2021. Neelam Javed Tapia ceased to be Additional Director on 16 Nov 2021. Clover Solar has 8 board changes on record in total.
Clover Solar can be reached through the website cloverrealty.in. Its registered office is in Mumbai, Maharashtra, India.