- #176 Manjunatha Donthi Venkatarathnaiah & family ₹20,500 Cr

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 154 cases involving the company, including 131 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. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Elhard Marketing Limited with revenue of ₹91.15 Cr. 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.
Recognitions & Rankings of Emmvee Solar Systems
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSolar Tower 55 6th Main 11th Cross Lakshmaiah Block Ganganagar Bangalore, Karnataka, India – 560024
- IndustryEnvironment, Solar Energy Solutions
- 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
Associated Brands with Emmvee Solar Systems Private Limited
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 of Emmvee Solar Systems Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products | 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 Emmvee Solar Systems Private Limited FY 2025 filings available
Emmvee Solar Systems Private Limited reported revenue of ₹86.8 Cr (up 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Emmvee Solar Systems Private Limited
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 of Emmvee Solar Systems 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 | ₹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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Emmvee Solar Systems Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Emmvee Solar Systems are in the company report.
Financial statements from 2015
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.
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.
| 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 |
Peer Comparison of Emmvee Solar Systems Private Limited
Emmvee Solar Systems Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Elhard Marketing Limited | ₹91.15 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Kolkata, West Bengal, India |
| Techvision International Private Limited | ₹89.77 Cr (FY 2025) | •••• | •••• | 122.0% | •••• | Delhi, India |
| Neenjas Technologies Private Limited | ₹89.58 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Noida, Uttar Pradesh, India |
| Kotakurja Private Limited | ₹88.77 Cr (FY 2018) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Danlaw Electronics Assembly Limited | ₹88.48 Cr (FY 2021) | •••• | •••• | 124.0% | •••• | Hyderabad, Telangana, India |
| Emmvee Solar Systems Private Limited this company | ₹86.8 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| Bright Beginings Private Limited | ₹86.65 Cr (FY 2023) | •••• | •••• | 57.0% | •••• | Delhi, India |
| Senatech India Private Limited | ₹86.44 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Greater Noida, Uttar Pradesh, India |
| Zynergy Solar Projects and Services Private Limited | ₹86.34 Cr (FY 2015) | •••• | •••• | 6907228.0% | •••• | Chennai, Tamil Nadu, India |
| Diversified Av India Private Limited | ₹86.16 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Bangalore, Karnataka, India |
| Palred Electronics Private Limited | ₹85.87 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Emmvee Solar Systems by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Emmvee Solar Systems Private Limited
Emmvee Solar Systems Private Limited is audited by P. Chandrasekar LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P. Chandrasekar LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Emmvee Solar Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Emmvee Solar Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Nov 2016 | Others | ₹4.85 Cr | Open |
| 07 Mar 2011 | State Bank of India | ₹31.15 Cr | Satisfied |
| 04 Feb 2011 | Indian Renewable Energy Development Agency Limited | ₹42.92 Cr | Satisfied |
| 19 Jul 2003 | Mysore Sales Internatioal Limited | ₹1.33 Cr | Satisfied |
| 20 Jun 2003 | Mysore Sales Internatioal Limited | ₹2 Cr | Satisfied |
Total charge records: 18 View all charges
Deals & Funding of Emmvee Solar Systems Private Limited
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.
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 |
Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Emmvee Solar Systems Private Limited
Emmvee Solar Systems Private Limited has 154 court cases on record: 131 filed by Emmvee Solar Systems, 23 filed against it. 11 cases are pending and 143 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 147 | 22 | 8 |
| High courts | 7 | 1 | 3 |
Cases on record (5 of 154)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against Environ Energy Corporation India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against KNK Construction Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against KNK Construction Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Environ Energy Corporation India Private Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (ID) | Filed against the company by an individual | Pending |
Full case history
All 154 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.
MSME Payment Delays by Emmvee Solar Systems Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Emmvee Solar Systems Private Limited
Emmvee Solar Systems Private Limited has a workforce of 107 employees as of Sep 21, 2025.
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.
Recent Activity on Emmvee Solar Systems Private Limited
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.
45 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Emmvee Solar Systems 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.
Subsidiaries & Group Companies of Emmvee Solar Systems 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 Emmvee Solar Systems Private Limited
Emmvee Solar Systems has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACE4559M1Z5 | Karnataka | 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 Emmvee Solar Systems 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.
Related news about Emmvee Solar Systems Private Limited
Frequently Asked Questions about Emmvee Solar Systems Private Limited
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 reported revenue of ₹86.8 Cr for FY 2025 (up 47% YoY).
Emmvee Solar Systems has 4 current directors:
- Manjunatha Donthi Shubha - Whole-Time Director
- Dhonti Venkatrathnaiah Manjunatha - Director
- Suhas Donthi Manjunatha - Director
- Srinath Thippegowda - Director
Emmvee Solar Systems reported a net profit of ₹1.58 Cr (net margin 1.8%) and EBITDA of ₹7.08 Cr (EBITDA margin 8.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Emmvee Solar Systems is 42% over three years and 27% over five years. In the latest year (FY 2025) revenue rose 47%. CAGR is the steady yearly rate that links the first and the last year.
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 154 court cases on record: 131 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.
The peers of Emmvee Solar Systems by revenue are Elhard Marketing Limited, Techvision International Private Limited, Neenjas Technologies Private Limited, Kotakurja Private Limited, Danlaw Electronics Assembly Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
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.