About Dhursar Solar Power Private Limited
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Dhursar Solar Power Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Power Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 29 June 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40102MH2000PTC127479. Its GSTIN is 08AABCR7573B1ZE (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.8 Cr. It was formerly known as Dahanu Solar Power Private Limited and Reliance Last Mile Communications Private Limited. It is led by directors including Adarsh Gangrade and Venkata Rao Mutyala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹148.87 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net loss of ₹24.21 Cr (net margin -16.3%) and EBITDA of ₹30.15 Cr (EBITDA margin 20.3%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 6% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Reliance Power. As per MCA filings, the company has open charges of ₹572.3 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 6 deals on record (3 secondary share transfers, 1 rights issue, 1 acquisition), with disclosed funding of ₹89.4 Cr; the latest was in October 2024. Its 5 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 3 smaller; the largest is Clean Solar Power (Jodhpur) Private Limited with revenue of ₹154.37 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliancepower.co.in.
Company details
Name history
Dhursar Solar Power has undergone 2 name changes throughout its history. The company was previously known as Dahanu Solar Power Private Limited, and Reliance Last Mile Communications Private Limited. The current legal name is Dhursar Solar Power Private Limited.
| Company Name | Status |
|---|---|
| Dhursar Solar Power Private Limited | Current |
| Dahanu Solar Power Private Limited | Previous |
| Reliance Last Mile Communications Private Limited | Previous |
CIN history
Dhursar Solar Power has one previous CIN (Corporate Identification Number): U72200MH2000PTC127479. The current CIN is U40102MH2000PTC127479, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40102MH2000PTC127479 | Current |
| U72200MH2000PTC127479 | Previous |
Contact details
Dhursar Solar Power Private Limited's registered office is in Mumbai, Maharashtra. Its website is reliancepower.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressReliance Centre Ground Floor 19 Walchand Hirachand Marg Ballard Est, Ate, Mumbai, Maharashtra, India – 400001
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Dhursar 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
Brands
Dhursar Solar Power operates one associated brand: Reliance Power. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of solar energy projects | reliancepower.co.in |
Business activity
The main business activity of Dhursar 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 Dhursar Solar Power Private Limited, buy the company report.
Financials of Dhursar Solar Power Private Limited
FY 2025 filings availableDhursar Solar Power Private Limited reported revenue of ₹148.87 Cr (up 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 36% growth in the latest year. EBITDA fell 65% 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 | ₹30.15 Cr | ||||
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| Net Profit (PAT) | -₹24.21 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 | 20.3% | ||||
| Net Profit Margin | -16.3% | ||||
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To see the full financial statements and ratios of Dhursar Solar Power Private Limited, buy the company report.
Board of directors of Dhursar Solar Power Private Limited
Dhursar Solar Power has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Adarsh Gangrade Also directs: Samalkot Power Limited, Reliance Nu Wind Private Limited | Additional Director | 08 Jan 2026 | 0 Years 9 Months | Current |
| Venkata Rao Mutyala | Additional Director | 01 Jan 2026 | 0 Years 9 Months | Current |
| Prakash Manohar Kamble Also directs: Rajasthan Sun Technique Energy Private Limited | Additional Director | 24 Dec 2025 | 0 Years 10 Months | Current |
Peer comparison
Dhursar Solar Power Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Clean Solar Power (Jodhpur) Private Limited | ₹154.37 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Azure Power Thirty Three Private Limited | ₹149.85 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Dhursar Solar Power Private Limitedthis company | ₹148.87 Cr (FY 2025) | -₹24.21 Cr | -16.3% | 36.0% | 4 | Mumbai, Maharashtra, India |
| Adani Solar Energy Ka Nine Private Limited | ₹148.75 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Vena Energy Solar India Power Resources Private Limited | ₹146.18 Cr (FY 2025) | 19.0% | Bangalore, Karnataka, India | |||
| Mega Suryaurja Private Limited | ₹144.65 Cr (FY 2025) | -2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Dhursar Solar Power Private Limited, buy the company report.
Auditor
Dhursar Solar Power Private Limited is audited by SHRIDHAR & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHRIDHAR & ASSOCIATES | FY 2021 | 134427W |
Shareholding
The shareholding of Dhursar Solar Power Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Dhursar Solar Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 2012 | 10329786 | Idbi Trusteeship Services Limited | ₹572.3 Cr | Open |
To see the full charge records of Dhursar Solar Power Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Dhursar Solar Power Private Limited has 6 deals on record (3 secondary share transfers, 1 rights issue, 1 acquisition), with disclosed funding of ₹89.4 Cr; the latest was in October 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Secondary share transfer | Undisclosed | Seller: Reliance Power Limited |
| Mar 2012 | Rights issue | ₹2.4 Cr | Investors: Reliance Power Limited |
| Nov 2011 | Acquisition | ₹87 Cr | Buyer: Reliance Power Limited |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: Reliance Power Limited & Paresh Rathod, Reliance Power Limited Seller: Skyline Global Trade Private Limited , Powersurfer Interactive (India) Private Limited, Reliane Energy Management Services Limited |
| May 2008 | Secondary share transfer | Undisclosed | Buyer: Skyline Global Trade Private Limited , Reliane Energy Management Services Limited, Powersurfer Interactive (India) Private Limited Seller: Reliance Infrastructure Limited , Energy Trust |
To see the full deal history of Dhursar 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
Dhursar Solar Power Private Limited has 3 court cases on record: 2 filed by Dhursar Solar Power, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Jodhpur Vidyut Vitran Nigam Ltd. Through Its Superintending Engineer (Oa) New Powerhouse, ,Jodhpur , Rajasthan | Disposed |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company | Disposed |
To see the full case history of Dhursar Solar Power 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 Dhursar Solar Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dhursar Solar Power Private Limited has a workforce of 4 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Dhursar Solar Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCR7573B1ZE | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhursar Solar Power Private Limited, buy the company report.
Recent activity
Dhursar Solar Power Private Limited has 41 board changes on record since 2000: 22 appointments and 19 cessations. The latest: Manoj Bhaiyasaheb Pongde ceased to be Director on 09 Jan 2026.
34 earlier events are in the company report.
News
Frequently asked questions
Dhursar Solar Power is an active private limited company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 29 June 2000 (26+ years old) and is registered under CIN U40102MH2000PTC127479.
Dhursar Solar Power has 3 current directors:
- Adarsh Gangrade - Additional Director
- Venkata Rao Mutyala - Additional Director
- Prakash Manohar Kamble - Additional Director
The latest financial statements of Dhursar Solar Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dhursar Solar Power is 08AABCR7573B1ZE, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Dhursar Solar Power is U40102MH2000PTC127479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhursar Solar Power has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Dhursar Solar Power was incorporated on 29 June 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Dhursar Solar Power has 6 deals on record (3 secondary share transfers, 1 rights issue, 1 acquisition), with disclosed funding of ₹89.4 Cr; the latest was in October 2024.
The peers of Dhursar Solar Power by revenue are Clean Solar Power (Jodhpur) Private Limited, Azure Power Thirty Three Private Limited, Adani Solar Energy Ka Nine Private Limited, Vena Energy Solar India Power Resources Private Limited, Mega Suryaurja Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Manoj Bhaiyasaheb Pongde ceased to be Director on 09 Jan 2026. Adarsh Gangrade was appointed as Additional Director on 08 Jan 2026. Mantu Ghosh Kumar ceased to be Director on 05 Jan 2026. Dhursar Solar Power has 41 board changes on record in total.
Dhursar Solar Power can be reached through the website reliancepower.co.in. Its registered office is in Mumbai, Maharashtra, India.