Electro Solaire Private Limited
About Electro Solaire Private Limited
Data last updated:
Electro Solaire Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Engie Solar Sas. It operates in the electric power generation segment of the energy sector. It was incorporated on 13 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2015PTC156828. Its GSTIN is 27AAECE0907F1Z0 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹58 Cr and a paid-up capital of ₹57.74 Cr. It is led by directors Bhushan Pratap Kothari and Amit Jain.
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 Unit No 3 4 & 5 Sixth Floor Fountainhead – Tower 2 Viman Nagar, Pune, Maharashtra, India – 411014.
As per the financials filed for FY 2025, the company reported a revenue of ₹129.48 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹13.45 Cr (net margin -10.4%) and EBITDA of ₹111.98 Cr (EBITDA margin 86.5%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 153% over five years.
As per MCA filings, the company has open charges of ₹770.8 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 4 deals on record (2 rights issues, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹173.17 Cr; the latest was in April 2021. Its 3 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 2 smaller; the largest is Continuum MP Windfarm Development Private Limited with revenue of ₹132.85 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2024, listing 21 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
Electro Solaire Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No 3 4 & 5 Sixth Floor Fountainhead – Tower 2 Viman Nagar, Pune, Maharashtra, India – 411014
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Electro Solaire 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 Electro Solaire 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 Electro Solaire Private Limited, buy the company report.
Financials of Electro Solaire Private Limited
FY 2025 filings availableElectro Solaire Private Limited reported revenue of ₹129.48 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 153% over five years, including 1% growth in the latest year. EBITDA fell 2% 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 | ₹111.98 Cr | ||||
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| Net Profit (PAT) | -₹13.45 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.5% | ||||
| Net Profit Margin | -10.4% | ||||
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To see the full financial statements and ratios of Electro Solaire Private Limited, buy the company report.
Board of directors of Electro Solaire Private Limited
Electro Solaire has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhushan Pratap Kothari Also directs: Engie Energy and Services India Private Limited, Enren Surya Urja Private Limited, Engie Energy India Private Limited and 5 more | Director | 03 Jun 2024 | 2 Years 5 Months | Current |
| Amit Jain Also directs: Engie Energy and Services India Private Limited, Enren Surya Urja Private Limited, Engie Energy India Private Limited and 2 more | Director | 27 Aug 2018 | 8 Years 2 Months | Current |
Peer comparison
Electro Solaire Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Continuum MP Windfarm Development Private Limited | ₹132.85 Cr (FY 2025) | 390.0% | Mumbai, Maharashtra, India | |||
| Electro Solaire Private Limitedthis company | ₹129.48 Cr (FY 2025) | -₹13.45 Cr | -10.4% | 1.0% | Pune, Maharashtra, India | |
| Walwhan Solar TN Limited | ₹127.12 Cr (FY 2024) | -12.0% | Mumbai, Maharashtra, India | |||
| Renew Solar Energy (Karnataka) Private Limited | ₹125.7 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Electro Solaire Private Limited, buy the company report.
Auditor
Electro Solaire Private Limited is audited by SRBC & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & Co LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Electro Solaire 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Electro Solaire Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2020 | 100382516 | Others | ₹770.8 Cr | Open |
To see the full charge records of Electro Solaire Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Electro Solaire Private Limited has 4 deals on record (2 rights issues, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹173.17 Cr; the latest was in April 2021.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2021 | Debt financing | ₹173.17 Cr | Investors: Solairedirect Energy Private Limited |
| Apr 2021 | Rights issue | ₹10 Lakh | Investors: an individual |
| Aug 2019 | Rights issue | ₹57.63 Cr | Investors: an individual |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Solairedirect Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Electro Solaire Private Limited has 3 court cases on record: 3 filed by Electro Solaire. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (2 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Limited and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 2 others | Disposed |
To see the full case history of Electro Solaire 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.
Credit ratings & regulatory alerts
Electro Solaire Private Limited was last rated by Indiarating on 17 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Feb 2021 |
To see the full credit ratings and regulatory alerts of Electro Solaire Private Limited, buy the company report.
MSME payment delays
Electro Solaire Private Limited has 5 MSME Form 1 returns on record between 2022 and 2024, listing 21 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 |
|---|---|---|---|
| DTSM & Assosciates | |||
| Linkin Time India Private Limited | |||
| Unique Infra & Sustainable Power Private Limited |
To see the full MSME payment records of Electro Solaire Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Electro Solaire has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECE0907F1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 24AAECE0907F1Z6 | Gujarat | Active | 02 Aug 2019 |
To see the full GST registrations and return filing status of Electro Solaire Private Limited, buy the company report.
Recent activity
Electro Solaire Private Limited has 13 board changes on record since 2016: 2 appointments and 11 cessations. The latest: Mohit Gupta ceased to be Company Secretary on 10 Oct 2024.
6 earlier events are in the company report.
Frequently asked questions
Electro Solaire is an active private limited company based in Pune, Maharashtra, India. The company works in electric power generation, within the energy industry. It was incorporated on 13 October 2015 (11+ years old) and is registered under CIN U74999PN2015PTC156828.
Electro Solaire has 2 current directors:
- Bhushan Pratap Kothari - Director
- Amit Jain - Director
The latest financial statements of Electro Solaire 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 FY 2016 are in the company report.
The GSTIN of Electro Solaire is 27AAECE0907F1Z0, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAECE0907F1Z6 (Gujarat).
The CIN (Corporate Identification Number) of Electro Solaire is U74999PN2015PTC156828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Electro Solaire has 3 court cases on record: 3 filed by the company.
Electro Solaire was incorporated on 13 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Pune.
Electro Solaire has 4 deals on record (2 rights issues, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹173.17 Cr; the latest was in April 2021.
The peers of Electro Solaire by revenue are Continuum MP Windfarm Development Private Limited, Walwhan Solar TN Limited, Renew Solar Energy (Karnataka) Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Mohit Gupta ceased to be Company Secretary on 10 Oct 2024. Bhushan Pratap Kothari ceased to be Additional Director on 29 Sep 2024. Bhushan Pratap Kothari was appointed as Director on 03 Jun 2024. Electro Solaire has 13 board changes on record in total.
Electro Solaire has 5 MSME Form 1 returns on record between 2022 and 2024, listing 21 overdue payments to 3 micro and small suppliers. The latest return was filed on 01 May 2024.
The registered office of Electro Solaire is at Unit No 3 4 & 5 Sixth Floor Fountainhead – Tower 2 Viman Nagar, Pune, Maharashtra, India – 411014.
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