Devishi Solar Power Private Limited
About Devishi Solar Power Private Limited
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Devishi Solar Power Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Acme Solar Holdings Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 17 November 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300HR2015PTC057264. Its GSTIN is 05AAFCD5622F1Z0 (Uttarakhand).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.11 Cr. It is led by directors including Kapil Kumar (Manager) and Sumit Barat.
Its last annual general meeting (AGM) was held on 06 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at First Floor Tower C Building 10, DLF Cyber City Phase – II Gurgaon Haryana 122002 India, Haryana, India – 122002.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.72 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹2.66 Cr (net margin 18.1%) and EBITDA of ₹13.43 Cr (EBITDA margin 91.2%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 4% over five years.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹221 Cr on record. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in August 2016. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Nokor Solar Energy Private Limited with revenue of ₹14.98 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Devishi Solar Power Private Limited's registered office is in Gurgaon, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFirst Floor Tower C Building 10, DLF Cyber City Phase – II Gurgaon Haryana 122002 India, Haryana, India – 122002
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Devishi Solar Power Private Limited, buy the company report.
- 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
Business activity
The main business activity of Devishi Solar Power 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 Devishi Solar Power Private Limited, buy the company report.
Financials of Devishi Solar Power Private Limited
FY 2025 filings availableDevishi Solar Power Private Limited reported revenue of ₹14.72 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 17% growth in the latest year. EBITDA rose 21% 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 |
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| EBITDA | ₹13.43 Cr | ||||
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| Net Profit (PAT) | ₹2.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 91.2% | ||||
| Net Profit Margin | 18.1% | ||||
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To see the full financial statements and ratios of Devishi Solar Power Private Limited, buy the company report.
Board of directors of Devishi Solar Power Private Limited
Devishi Solar Power has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Kumar Also directs: Solarcraft Cleantech Private Limited, Solarcraft Mahasolar Private Limited, Celestial Solar Solutions Private Limited and 5 more | Manager | 30 Apr 2024 | 2 Years 5 Months | Current |
| Sumit Barat Also directs: Vittanath Power Private Limited, Devishi Renewable Energy Private Limited, Eminent Solar Power Private Limited and 5 more | Director | 30 Apr 2024 | 2 Years 5 Months | Current |
| Manaswini Challa Also directs: Solarcraft Kudligi Private Limited, Mind Solar Private Limited, Vittanath Power Private Limited and 5 more | Director | 03 Dec 2024 | 1 Years 10 Months | Current |
| Saurabh Vats Also directs: Solarcraft Kittur Private Limited, Vittanath Power Private Limited, Solarcraft Hukkeri Private Limited and 5 more | Director | 25 Feb 2025 | 1 Years 7 Months | Current |
Peer comparison
Devishi Solar Power Private Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nokor Solar Energy Private Limited | ₹14.98 Cr (FY 2025) | -8.0% | New Delhi, Delhi, India | |||
| Aditya Birla Renewables Subsidiary Limited | ₹14.98 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Solarcraft Renew Private Limited | ₹14.92 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Devishi Solar Power Private Limitedthis company | ₹14.72 Cr (FY 2025) | ₹2.66 Cr | 18.1% | 17.0% | Gurgaon, Haryana, India | |
| Rfe Belgaum Solar Private Limited | ₹14.71 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Madhav Renewables Private Limited | ₹14.64 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Sunfree Paschim Renewable Energy Private Limited | ₹14.6 Cr (FY 2025) | 3.0% | Guruharsahai, Punjab, India | |||
| Sei Adityashakti Private Limited | ₹14.59 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Devishi Solar Power Private Limited, buy the company report.
Auditor
Devishi Solar Power Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Devishi Solar Power 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 |
|---|---|---|---|---|---|
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| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Devishi Solar Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Apr 2025 | 101087491 | Others | ₹60 Cr | Open | |
| 14 Jul 2021 | 100463519 | Others | ₹150 Cr | Satisfied | |
| 04 Oct 2016 | 100056911 | Others | ₹71 Cr | Satisfied |
To see the full charge records of Devishi Solar Power Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Devishi Solar Power Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in August 2016.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Acquisition | ₹23.9 Cr | Buyer: Acme Solar Holdings Limited |
To see the full deal history of Devishi Solar Power Private Limited, buy the company report.
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 Devishi Solar Power Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Devishi Solar Power Private Limited was last rated by Care on 04 Jan 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Jan 2023 |
To see the full credit ratings and regulatory alerts of Devishi Solar Power Private Limited, buy the company report.
MSME payment delays
Devishi Solar Power Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Eki Energy Services Limited | |||
| Regent Climate Connect Knowledge Solutions Private Limited |
To see the full MSME payment records of Devishi Solar Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Devishi Solar Power Private Limited has 1 active EPFO establishment as of Mar 29, 2024.
GST
Devishi Solar Power has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAFCD5622F1Z0 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devishi Solar Power Private Limited, buy the company report.
Recent activity
Devishi Solar Power Private Limited has 18 board changes on record since 2016: 4 appointments and 14 cessations. The latest: Manaswini Challa ceased to be Additional Director on 05 Aug 2025.
16 earlier events are in the company report.
Frequently asked questions
Devishi Solar Power is an active private limited company based in Gurgaon, Haryana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 17 November 2015 (11+ years old) and is registered under CIN U40300HR2015PTC057264.
Devishi Solar Power has 4 current directors:
- Sumit Barat - Director
- Manaswini Challa - Director
- Saurabh Vats - Director
- Kapil Kumar - Manager
The latest financial statements of Devishi Solar Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Devishi Solar Power is 05AAFCD5622F1Z0, registered in Uttarakhand.
The CIN (Corporate Identification Number) of Devishi Solar Power is U40300HR2015PTC057264. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Devishi Solar Power was incorporated on 17 November 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Devishi Solar Power has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in August 2016.
The peers of Devishi Solar Power by revenue are Nokor Solar Energy Private Limited, Aditya Birla Renewables Subsidiary Limited, Solarcraft Renew Private Limited, Rfe Belgaum Solar Private Limited, Madhav Renewables Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Manaswini Challa ceased to be Additional Director on 05 Aug 2025. Saurabh Vats ceased to be Additional Director on 05 Aug 2025. Saurabh Vats was appointed as Director on 25 Feb 2025. Devishi Solar Power has 18 board changes on record in total.
Devishi Solar Power has 8 MSME Form 1 returns on record between 2019 and 2023, listing 14 overdue payments to 3 micro and small suppliers. The latest return was filed on 15 Dec 2023.
The registered office of Devishi Solar Power is at First Floor Tower C Building 10, DLF Cyber City Phase – II Gurgaon Haryana 122002 India, Haryana, India – 122002.
Devishi Solar Power operates in the environment industry, in the solar energy solutions segment.