Emergent Solren Private Limited
About Emergent Solren Private Limited
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Emergent Solren Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Holdings Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 09 November 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2022PTC393167. Its GSTIN is 08AAHCE3131E1Z1 (Rajasthan).
The company has an authorised share capital of ₹10.1 Cr and a paid-up capital of ₹9.77 Cr. It is led by directors including Devjeet Ghosh and Piyush Pannalal Jain.
Its last annual general meeting (AGM) was held on 25 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 ₹181.38 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹17.39 Cr (net margin -9.6%) and EBITDA of ₹159.52 Cr (EBITDA margin 87.9%).
As per MCA filings, the company has open charges of ₹756.33 Cr and satisfied charges of ₹914 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 1 case is pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹9.77 Cr; the latest was in March 2024. Its 5 peer companies in the Cleantech industry (EPC, BoP and BTG, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Solzen Urja Private Limited with revenue of ₹185.93 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Emergent Solren Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCowrks Ground Floor Winchester, South Avenue Road Downtown Powai, Mumbai, Maharashtra, India – 400076
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Emergent Solren 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 Emergent Solren 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 Emergent Solren Private Limited, buy the company report.
Financials of Emergent Solren Private Limited
FY 2025 filings availableEmergent Solren Private Limited reported revenue of ₹181.38 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year. EBITDA rose 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| EBITDA | ₹159.52 Cr | ||
| Profit Before Tax | |||
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| Net Profit (PAT) | -₹17.39 Cr | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| Profitability | |||
| EBITDA Margin | 87.9% | ||
| Net Profit Margin | -9.6% | ||
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To see the full financial statements and ratios of Emergent Solren Private Limited, buy the company report.
Board of directors of Emergent Solren Private Limited
Emergent Solren has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devjeet Ghosh Also directs: Mega Suryaurja Private Limited, Brightsolar Renewable Energy Private Limited, Megasolis Renewables Private Limited and 2 more | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Piyush Pannalal Jain | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Niraj Bhupendrakumar Shah Also directs: Mega Suryaurja Private Limited, Brightsolar Renewable Energy Private Limited, Megasolis Renewables Private Limited and 2 more | Director | 26 Apr 2024 | 2 Years 6 Months | Current |
| Gaurav Malhotra Also directs: Mega Suryaurja Private Limited, Brightsolar Renewable Energy Private Limited, Megasolis Renewables Private Limited and 3 more | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Emergent Solren Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (EPC, BoP and BTG, 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 |
|---|---|---|---|---|---|---|
| Solzen Urja Private Limited | ₹185.93 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Kpig Energia Private Limited | ₹185.16 Cr (FY 2025) | -32.0% | Surat, Gujarat, India | |||
| Sprng Solar India Private Limited | ₹183.88 Cr (FY 2025) | -5.0% | New Delhi, Delhi, India | |||
| Emergent Solren Private Limitedthis company | ₹181.38 Cr (FY 2025) | -₹17.39 Cr | -9.6% | 4.0% | Mumbai, Maharashtra, India | |
| Karnataka Solar Power Development Corporation Limited | ₹180.03 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| V C Green Energy Private Limited | ₹179.55 Cr (FY 2025) | 33.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Emergent Solren Private Limited, buy the company report.
Auditor
Emergent Solren Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2023 | 117366W/ W-100018 |
Shareholding
The shareholding of Emergent Solren Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Emergent Solren Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2025 | 101153176 | Axis Bank Limited | ₹20 Lakh | Open | |
| 03 Oct 2024 | 100988336 | Axis Bank Limited | ₹20 Lakh | Open | |
| 28 Jun 2024 | 100942138 | Others | ₹755.93 Cr | Open | |
| 28 Nov 2023 | 100830273 | Others | ₹250 Cr | Satisfied | |
| 28 Nov 2023 | 100831048 | Others | ₹664 Cr | Satisfied |
To see the full charge records of Emergent Solren Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Emergent Solren Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹9.77 Cr; the latest was in March 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Sustainable Energy Infra Trust & Piyush Pannalal Jain, Sustainable Energy Infra Trust Seller: Mahindra Holdings Limited & Jignesh Parikh, Mahindra Holdings Limited & Sumeet Maheshwari, Mahindra Holdings Limited & Narayan Shankar |
| Sep 2023 | Funding round | ₹9.77 Cr | Investors: Mahindra Holdings Limited , Ontario Teachers' Pension Plan, Mahindra Holdings Limited & Sumeet Maheshwari |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Emergent Solren Private Limited has 6 court cases on record: 6 filed by Emergent Solren. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 2 | 0 | 1 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bikaner, Rajasthan | Civil suit | Filed by the company against State Etc | Pending |
| District court, Bikaner, Rajasthan | Civil miscellaneous application | Filed by the company against State Etc | Disposed |
| High Court of Rajasthan | Writ petition | Filed by the company against State of Rajasthan | Disposed |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Disposed |
To see the full case history of Emergent Solren 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 Emergent Solren Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Emergent Solren Private Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Emergent Solren has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAHCE3131E1Z1 | Rajasthan | Active | 23 Jan 2024 |
To see the full GST registrations and return filing status of Emergent Solren Private Limited, buy the company report.
Recent activity
Emergent Solren Private Limited has 12 board changes on record since 2023: 4 appointments and 8 cessations. The latest: Devjeet Ghosh ceased to be Additional Director on 08 Aug 2024.
11 earlier events are in the company report.
Frequently asked questions
Emergent Solren is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 09 November 2022 (4+ years old) and is registered under CIN U40100MH2022PTC393167.
Emergent Solren has 4 current directors:
- Devjeet Ghosh - Director
- Piyush Pannalal Jain - Director
- Niraj Bhupendrakumar Shah - Director
- Gaurav Malhotra - Director
The latest financial statements of Emergent Solren on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Emergent Solren is 08AAHCE3131E1Z1, registered in Rajasthan.
The CIN (Corporate Identification Number) of Emergent Solren is U40100MH2022PTC393167. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Emergent Solren has 6 court cases on record: 6 filed by the company. 1 is pending. Most are in the high courts.
Emergent Solren was incorporated on 09 November 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Emergent Solren has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹9.77 Cr; the latest was in March 2024.
The peers of Emergent Solren by revenue are Solzen Urja Private Limited, Kpig Energia Private Limited, Sprng Solar India Private Limited, Karnataka Solar Power Development Corporation Limited, V C Green Energy Private Limited, all in the Cleantech industry (EPC, BoP and BTG, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Devjeet Ghosh ceased to be Additional Director on 08 Aug 2024. Gaurav Malhotra ceased to be Additional Director on 08 Aug 2024. Niraj Bhupendrakumar Shah ceased to be Additional Director on 08 Aug 2024. Emergent Solren has 12 board changes on record in total.
The registered office of Emergent Solren is at Cowrks Ground Floor Winchester, South Avenue Road Downtown Powai, Mumbai, Maharashtra, India – 400076.