Devang Solaar Private Limited
About Devang Solaar Private Limited
Data last updated:
Devang Solaar Private Limited is a private limited company based in Ghaziabad, Uttar Pradesh, India. It was incorporated on 29 January 2024.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U43222UP2024PTC196444.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹74.81 Lakh. It is led by directors including Sneha Mittal and Rajendra Prasad.
Its last annual general meeting (AGM) was held on 31 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ghaziabad, Uttar Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹105.02 Cr. For the same year it recorded a net profit of ₹3.53 Cr (net margin 3.4%) and EBITDA of ₹6.14 Cr (EBITDA margin 5.8%).
The company is associated with 2 brands: Devang Solaar and Ielecssol. As per MCA filings, the company has open charges of ₹6.87 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
Company details
Contact details
Devang Solaar Private Limited's registered office is in Ghaziabad, Uttar Pradesh.
- Registered AddressSite 4 7/22, Sahibabad Industrial Area, Ghaziabad, Uttar Pradesh, India – 201010
- 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
Devang Solaar operates two associated brands: Devang Solaar and IELECSSOL. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality solar photovoltaic modules, lights, charge controllers, and fans for sustainable energy. | devangsolaar-elecssol.com | |
| Solar products manufacturing, installations, and services in India. | ielecssol.com |
Financials of Devang Solaar Private Limited
FY 2025 filings availableDevang Solaar Private Limited reported revenue of ₹105.02 Cr for FY 2025.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
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| EBITDA | ₹6.14 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹3.53 Cr | |
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 5.8% | |
| Net Profit Margin | 3.4% | |
| Return on Equity (ROE) | ||
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To see the full financial statements and ratios of Devang Solaar Private Limited, buy the company report.
Board of directors of Devang Solaar Private Limited
Devang Solaar has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sneha Mittal | Director | 29 Jan 2024 | 2 Years 8 Months | Current |
| Rajendra Prasad | Director | 29 Jan 2024 | 2 Years 8 Months | Current |
| Abhishek Mittal | Director | 29 Jan 2024 | 2 Years 8 Months | Current |
Peer comparison
Devang Solaar Private Limited is compared with the 10 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elmas Magnetics Private Limited | ₹106.89 Cr (FY 2024) | 24.0% | Hyderabad, Telangana, India | |||
| Sudhir Switchgears Private Limited | ₹106.41 Cr (FY 2024) | -2.0% | Mumbai, Maharashtra, India | |||
| Mundra Solar Limited | ₹105.42 Cr (FY 2025) | 11166.0% | Ahmedabad, Gujarat, India | |||
| Transceltic Cores Private Limited | ₹105.41 Cr (FY 2025) | 8.0% | Pune, Maharashtra, India | |||
| Noratel India Power Components Private Limited | ₹105.08 Cr (FY 2025) | -2.0% | Thiruvananthapuram, Kerala, India | |||
| Devang Solaar Private Limitedthis company | ₹105.02 Cr (FY 2025) | ₹3.53 Cr | 3.4% | Ghaziabad, Uttar Pradesh, India | ||
| Narkhede Switchgear Private Limited | ₹104.74 Cr (FY 2024) | 13.0% | Nashik, Maharashtra, India | |||
| S R Impex Private Limited | ₹103.86 Cr (FY 2024) | 1.0% | Jalandhar, Punjab, India | |||
| Rajdhani Private Limited | ₹103.78 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Dynamech Electropower Private Limited | ₹103.61 Cr (FY 2025) | 27.0% | Bhopal, Madhya Pradesh, India | |||
| Everest Electrical Enterprises Private Limited | ₹103.21 Cr (FY 2024) | 71.0% | Tiruvallur, Tamil Nadu, India |
To see the full peer comparison of Devang Solaar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2025 | 101160987 | Others | ₹6.1 Cr | Open | |
| 31 Jul 2025 | 101140344 | Others | ₹46.56 Lakh | Open | |
| 29 Jul 2024 | 100990410 | Axis Bank Limited | ₹30 Lakh | Open | |
| 28 Apr 2025 | 101093957 | Axis Bank Limited | ₹4.5 Cr | Satisfied |
To see the full charge records of Devang Solaar Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Devang Solaar Private Limited has 2 court cases on record: 2 filed by Devang Solaar. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ghaziabad, Uttar Pradesh | Criminal case | Filed by the company against Adarsh Institute of Social Economic Development and Others | Pending |
| High Court of Delhi | Court case (RFA(COMM)) | Filed by the company against Punjab National Bank & Anr. | Pending |
To see the full case history of Devang Solaar 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 Devang Solaar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Devang Solaar Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Devang Solaar Private Limited has 3 board changes on record since 2024: 3 appointments. The latest: Abhishek Mittal was appointed as Director on 29 Jan 2024.
Frequently asked questions
Devang Solaar is an active private limited company based in Ghaziabad, Uttar Pradesh, India. It was incorporated on 29 January 2024 (2+ years old) and is registered under CIN U43222UP2024PTC196444.
Devang Solaar has 3 current directors:
- Sneha Mittal - Director
- Rajendra Prasad - Director
- Abhishek Mittal - Director
The latest financial statements of Devang Solaar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 October 2025. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Devang Solaar is U43222UP2024PTC196444. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devang Solaar has 2 court cases on record: 2 filed by the company. 2 are pending. Most are in the district courts.
Devang Solaar was incorporated on 29 January 2024, making it 2+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Devang Solaar by revenue are Elmas Magnetics Private Limited, Sudhir Switchgears Private Limited, Mundra Solar Limited, Transceltic Cores Private Limited, Noratel India Power Components Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Abhishek Mittal was appointed as Director on 29 Jan 2024. Rajendra Prasad was appointed as Director on 29 Jan 2024. Sneha Mittal was appointed as Director on 29 Jan 2024.
The registered office of Devang Solaar is at Site 4 722, Sahibabad Industrial Area, Ghaziabad, Uttar Pradesh, India – 201010.
Devang Solaar has open charges of ₹6.87 Cr and satisfied charges of ₹4.5 Cr as per latest MCA filings.
Devang Solaar has 2 associated brands: Devang Solaar, Ielecssol.