Dubbak Solar Projects Private Limited
About Dubbak Solar Projects Private Limited
Data last updated:
Dubbak Solar Projects Private Limited is a foreign private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Nereus Capital Investments Singapore Pte Ltd. It operates in the diversified business activities segment of the business services sector. It was incorporated on 24 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U74900UP2015FTC209660. Its GSTIN is 36AAFCD3956J1ZD (Telangana).
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.49 Cr. It is led by directors Jonathan Seth Winer and Kanchan Girish Hoondlani.
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Tower C Embassy Galaxy Business Park, Noida, Uttar Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.69 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹4.58 Cr (net margin -42.8%) and EBITDA of ₹3.52 Cr (EBITDA margin 33%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹1.1 Cr and satisfied charges of ₹25 Lakh on record. Court records list 5 cases involving the company, including 4 filed by the company; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address1st Floor Tower C Embassy Galaxy Business Park, Square Pvt Ltd Plot No A 44 &45, Noida, Uttar Pradesh, India – 201309
- IndustryBusiness Services, Miscellaneous Business Activities
- 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 Dubbak Solar Projects Private Limited
The main business activity of Dubbak Solar Projects 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 Dubbak Solar Projects Private Limited FY 2025 filings available
Dubbak Solar Projects Private Limited reported revenue of ₹10.69 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Dubbak Solar Projects Private Limited
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 153% 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 Dubbak Solar Projects 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 | ₹3.52 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.58 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 of Dubbak Solar Projects Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -42.8% | •••• | •••• | •••• | •••• |
| 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 Dubbak Solar Projects are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Dubbak Solar Projects Private Limited
Dubbak Solar Projects Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rana Solar Power Private Limited | ₹10.82 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Theni, Tamil Nadu, India |
| Achampet Solar Private Limited | ₹10.81 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Gurgaon, Haryana, India |
| Clean Max Opus Private Limited | ₹10.75 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Green Utility Private Limited | ₹10.72 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Adani Hybrid Energy Jaisalmer Five Limited | ₹10.7 Cr (FY 2025) | •••• | •••• | 106900.0% | •••• | Ahmedabad, Gujarat, India |
| Dubbak Solar Projects Private Limited this company | ₹10.69 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Noida, Uttar Pradesh, India |
| Vesat Renewables Private Limited | ₹10.69 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Coimbatore, Tamil Nadu, India |
| Repal Green Power Private Limited | ₹10.69 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Hyderabad, Telangana, India |
| Durgesh Solar Solution Private Limited | ₹10.69 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Ambikapur, Chhattisgarh, India |
| CBC Solar Technologies Private Limited | ₹10.69 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Ahmedabad, Gujarat, India |
| Walwhan Solar Energy GJ Limited | ₹10.67 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Dubbak Solar Projects by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Dubbak Solar Projects Private Limited
Dubbak Solar Projects has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jonathan Seth Winer Also directs: Medak Solar Projects Private Limited | Director | 07 Jul 2015 | 11 Years 3 Months | Current |
| Kanchan Girish Hoondlani Also directs: Medak Solar Projects Private Limited, Peg Process Equipment India LLP, British Safety Council (India) LLP and 4 more | Director | 23 May 2023 | 3 Years 4 Months | Current |
Charges & Borrowings of Dubbak Solar Projects Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Feb 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.1 Cr | Open |
| 09 Feb 2016 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Dubbak Solar Projects Private Limited
Dubbak Solar Projects Private Limited has 5 court cases on record: 4 filed by Dubbak Solar Projects, 1 where it is another party. 2 cases are pending and 3 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| Supreme Court | 1 | 0 | 0 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed by the company against Southern Power Distribution Company of Telangana Limited | Disposed |
| District court, Siddipet, Telangana | Civil suit | Company is another party | Pending |
| High Court for State of Telangana | Writ petition | Filed by the company against Telangana State Souther4 Power Distribution Company Limited | Pending |
| High Court for State of Telangana | Writ petition | Filed by the company against State Load Dispatch Centre | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against Telangana State Electricity Regulatory Commission | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Dubbak Solar Projects Private Limited
Employment history and EPFO contributions of people linked to Dubbak Solar Projects.
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.
CIN History of Dubbak Solar Projects Private Limited
Dubbak Solar Projects has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74900UP2015FTC209660, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900UP2015FTC209660 | Current |
| U74900HR2015FTC067293 | Previous |
| U74900DL2015FTC281901 | Previous |
Recent Activity on Dubbak Solar Projects Private Limited
Dubbak Solar Projects Private Limited has 9 board changes on record since 2015: 2 appointments and 7 cessations. The latest: Kanchan Girish Hoondlani ceased to be Additional Director on 28 Sep 2023.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Dubbak Solar Projects 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 Dubbak Solar Projects 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 Dubbak Solar Projects 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 Dubbak Solar Projects Private Limited
Dubbak Solar Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAFCD3956J1ZD | Telangana | 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 Dubbak Solar Projects 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 Dubbak Solar Projects Private Limited
Dubbak Solar Projects is an active foreign private limited company based in Noida, Uttar Pradesh, India. The company works in miscellaneous business activities, within the business services industry. It was incorporated on 24 June 2015 (11+ years old) and is registered under CIN U74900UP2015FTC209660.
Dubbak Solar Projects reported revenue of ₹10.69 Cr for FY 2025 (down 2% YoY).
Dubbak Solar Projects has 2 current directors:
- Jonathan Seth Winer - Director
- Kanchan Girish Hoondlani - Director
Dubbak Solar Projects reported a net loss of ₹4.58 Cr (net margin -42.8%) and EBITDA of ₹3.52 Cr (EBITDA margin 33%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Dubbak Solar Projects is -10% over three years and 7% over five years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Dubbak Solar Projects is 36AAFCD3956J1ZD, registered in Telangana.
The CIN (Corporate Identification Number) of Dubbak Solar Projects is U74900UP2015FTC209660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dubbak Solar Projects has 5 court cases on record: 4 filed by the company. 2 are pending. Most are in the high courts.
Dubbak Solar Projects was incorporated on 24 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Dubbak Solar Projects by revenue are Rana Solar Power Private Limited, Achampet Solar Private Limited, Clean Max Opus Private Limited, Green Utility Private Limited, Adani Hybrid Energy Jaisalmer Five Limited and 5 more, all in the Cleantech industry (Solar Power).
Kanchan Girish Hoondlani ceased to be Additional Director on 28 Sep 2023. Kanchan Girish Hoondlani was appointed as Director on 23 May 2023. Bhupender Sharma ceased to be Additional Director on 25 Oct 2021. Dubbak Solar Projects has 9 board changes on record in total.