India's Richest People 2026 edition · 1 director · Source: Hurun India
- #176 Manjunatha Donthi Venkatarathnaiah & family ₹20,500 Cr
Revenue · FY 2025
₹86.8 Cr
▲ 47% YoY
Net profit · FY 2025
₹1.58 Cr
Net margin 1.8%
EBITDA · FY 2025
₹7.08 Cr
EBITDA margin 8.2%
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹10.94 Cr
Issued & subscribed
Open charges
₹4.85 Cr
Satisfied ₹168.81 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
107
Provident fund records
About Emmvee Solar Systems Private Limited
Data last updated:
Emmvee Solar Systems Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 25 September 1996 and has been in existence for over 30 years.
Its director Manjunatha Donthi Venkatarathnaiah and family are #176 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85110KA1996PTC021190. Its GSTIN is 29AAACE4559M1Z5 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.94 Cr. It was formerly known as Emmvee Toughened Glass and Photovoltaics Private Limited. It is led by directors including Manjunatha Donthi Shubha (Whole-Time Director) and Dhonti Venkatrathnaiah Manjunatha.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Solar Tower 55 6th Main 11th Cross Lakshmaiah Block Ganganagar Bangalore, Karnataka, India – 560024.
As per the financials filed for FY 2025, the company reported a revenue of ₹86.8 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹1.58 Cr (net margin 1.8%) and EBITDA of ₹7.08 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 27% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Emmvee. As per MCA filings, the company has open charges of ₹4.85 Cr and satisfied charges of ₹168.81 Cr on record. Court records list 157 cases involving the company, including 134 filed by the company and 23 filed against it; 11 cases are pending. The company has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹43.8 Cr; the latest was in March 2014. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 289 overdue payments to 21 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website emmvee.com.
Company details
CIN U85110KA1996PTC021190
Registration Number 021190
Incorporation Date 25 September 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Manjunatha Donthi Shubha Whole-Time Director Dhonti Venkatrathnaiah Manjunatha Director Suhas Donthi Manjunatha Director Recognitions & Rankings of Emmvee Solar Systems
Contact details
Emmvee Solar Systems Private Limited's registered office is in Bangalore, Karnataka. Its website is emmvee.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSolar Tower 55 6th Main 11th Cross Lakshmaiah Block Ganganagar Bangalore, Karnataka, India – 560024
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Emmvee Solar Systems Private Limited, buy the company report.
Comprehensive company report
Emmvee Solar Systems Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Emmvee Solar Systems operates one associated brand: Emmvee. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar panels, water heaters, and turnkey solutions for renewable energy. | emmvee.com |
Business activity
The main business activity of Emmvee Solar Systems is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Emmvee Solar Systems Private Limited, buy the company report.
Financials of Emmvee Solar Systems Private Limited
FY 2025 filings availableEmmvee Solar Systems Private Limited reported revenue of ₹86.8 Cr (up 47% YoY) for FY 2025.
Revenue · FY 2025
₹86.8 Cr ▲ 47%
Net profit · FY 2025
₹1.58 Cr margin 1.8%
EBITDA · FY 2025
₹7.08 Cr margin 8.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 42%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 74%
3 years · compounded
▲ 9%
5 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 47% growth in the latest year. EBITDA rose 74% 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 |
|---|---|---|---|---|---|
| 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 | ₹7.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.58 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | ||||
| Net Profit Margin | 1.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Emmvee Solar Systems Private Limited, buy the company report.
Board of directors of Emmvee Solar Systems Private Limited
Emmvee Solar Systems has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhonti Venkatrathnaiah Manjunatha Also directs: Emmvee Photovoltaic Power Limited, Emmvee Green Power Private Limited, Emmvee Energy Private Limited and 1 more | Director | 01 Apr 1997 | 29 Years 6 Months | Current |
| Manjunatha Donthi Shubha Also directs: Emmvee Photovoltaic Power Limited, Emmvee Energy Private Limited | Whole-Time Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Suhas Donthi Manjunatha | Director | 05 Sep 2024 | 2 Years 1 Months | Current |
| Srinath Thippegowda Also directs: Emmvee Energy Private Limited | Director | 10 May 2007 | 19 Years 5 Months | Current |
Auditor
Emmvee Solar Systems Private Limited is audited by P. Chandrasekar LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. Chandrasekar LLP | FY 2023 | 000580S/S200066 |
Shareholding
The shareholding of Emmvee Solar Systems Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Emmvee Solar Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.85 Cr
Satisfied charges
₹168.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2016 | 100065784 | Others | ₹4.85 Cr | Open | |
| 07 Mar 2011 | 10274240 | State Bank of India | ₹31.15 Cr | Satisfied | |
| 04 Feb 2011 | 10264446 | Indian Renewable Energy Development Agency Limited | ₹42.92 Cr | Satisfied | |
| 19 Jul 2003 | 90196453 | Mysore Sales Internatioal Limited | ₹1.33 Cr | Satisfied | |
| 20 Jun 2003 | 90198297 | Mysore Sales Internatioal Limited | ₹2 Cr | Satisfied |
To see the full charge records of Emmvee Solar Systems Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Emmvee Solar Systems Private Limited has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹43.8 Cr; the latest was in March 2014.
Total deals
7
Funding rounds
5
Secondary share transfers
2
Disclosed funding
₹43.8 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Jul 2012 | Funding round | ₹14 Cr | Investors: 3 individuals |
| Mar 2010 | Funding round | ₹12 Cr | Investors: 3 individuals |
| Jul 2009 | Funding round | ₹50 Lakh | Investors: 2 individuals |
| Sep 2007 | Funding round | ₹14 Cr | Investors: 3 individuals |
To see the full deal history of Emmvee Solar Systems 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
Emmvee Solar Systems Private Limited has 157 court cases on record: 134 filed by Emmvee Solar Systems, 23 filed against it. 11 cases are pending and 146 are disposed.
Total cases
157
Filed by the company
134
Filed against the company
23
Pending
11
Disposed
146
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 150 | 22 | 8 |
| High courts | 7 | 1 | 3 |
Cases on record (5 of 157)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against M/S Environ Energy Corporation India Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against KNK Nexgen Construction P Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against KNK Nexgen Construction P Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Ms Environ Energy Corporation India Pvt. Ltd. | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (ID) | Filed against the company by an individual | Pending |
To see the full case history of Emmvee Solar Systems 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
Emmvee Solar Systems Private Limited was last rated by Icra on 08 Jul 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 08 Jul 2016 |
To see the full credit ratings and regulatory alerts of Emmvee Solar Systems Private Limited, buy the company report.
MSME payment delays
Emmvee Solar Systems Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 289 overdue payments to 21 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 (5 of 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Image Synergy Ekxplor Private Limited | |||
| Sapthagiri Packaging Industries | |||
| an individual supplier | |||
| Star Copper |
To see the full MSME payment records of Emmvee Solar Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Emmvee Solar Systems Private Limited has a workforce of 107 employees on its EPFO records as of Sep 21, 2025, across 1 active EPFO establishment.
Employee count
107
Active EPFO establishments
1
Employee growth
4.9%
GST
Emmvee Solar Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACE4559M1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Emmvee Solar Systems Private Limited, buy the company report.
Recent activity
Emmvee Solar Systems Private Limited has 13 board changes on record since 1997: 5 appointments and 8 cessations. The latest: Manjunatha Donthi Shubha was appointed as Whole-Time Director on 01 Apr 2025.
AGM
Emmvee Solar Systems Private Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Appointed
Manjunatha Donthi Shubha was appointed as Whole-Time Director.
Filing
Emmvee Solar Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Dhonti Venkatrathnaiah Manjunatha ceased to be Managing Director.
Ceased
Suhas Donthi Manjunatha ceased to be Additional Director.
Appointed
Suhas Donthi Manjunatha was appointed as Director.
Charges
A charge registered on 20 Dec 2000 via Charge ID 90197878 with Indian Renewable Energy Development Agency Limited was fully satisfied on 08 Sep 2017.
Charges
A charge registered on 04 Feb 2011 via Charge ID 10264446 with Indian Renewable Energy Development Agency Limited was fully satisfied on 17 Mar 2017.
Charges
A charge registered on 07 Mar 2011 via Charge ID 10274240 with State Bank Of India was fully satisfied on 08 Feb 2017.
Charges
A charge with Others amounted to Rs. 4.85 Cr with Charge ID 100065784 was registered on 11 Nov 2016.
Charges
A charge registered on 16 Oct 1998 via Charge ID 90197436 with Ing Vysya Bank Limited was fully satisfied on 16 Oct 2015.
Ceased
Claus Harald Michelsen ceased to be Director.
45 earlier events are in the company report.
News
Frequently asked questions
Emmvee Solar Systems is an active private limited company based in Bangalore, Karnataka, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 25 September 1996 (30+ years old) and is registered under CIN U85110KA1996PTC021190.
Emmvee Solar Systems has 4 current directors:
- Manjunatha Donthi Shubha - Whole-Time Director
- Dhonti Venkatrathnaiah Manjunatha - Director
- Suhas Donthi Manjunatha - Director
- Srinath Thippegowda - Director
The latest financial statements of Emmvee Solar Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Emmvee Solar Systems is 29AAACE4559M1Z5, registered in Karnataka. 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 Emmvee Solar Systems is U85110KA1996PTC021190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Emmvee Solar Systems has 157 court cases on record: 134 filed by the company and 23 filed against it. 11 are pending. Most are in the district courts.
Emmvee Solar Systems was incorporated on 25 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Emmvee Solar Systems has 7 deals on record (5 funding rounds, 2 secondary share transfers), with disclosed funding of ₹43.8 Cr; the latest was in March 2014.
Manjunatha Donthi Shubha was appointed as Whole-Time Director on 01 Apr 2025. Dhonti Venkatrathnaiah Manjunatha ceased to be Managing Director on 31 Mar 2025. Suhas Donthi Manjunatha ceased to be Additional Director on 29 Sep 2024. Emmvee Solar Systems has 13 board changes on record in total.
Emmvee Solar Systems has 8 MSME Form 1 returns on record between 2019 and 2023, listing 289 overdue payments to 21 micro and small suppliers. The latest return was filed on 25 Oct 2023.
Emmvee Solar Systems can be reached through the website emmvee.com. Its registered office is in Bangalore, Karnataka, India.