About Essel Gulbarga Solar Power Private Limited
Data last updated:
Essel Gulbarga Solar Power Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Adani Renewable Energy Holding Ten Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 June 2012.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40109GJ2012PTC130019. Its GSTIN is 29AADCE0998D1ZI (Karnataka). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹14.35 Cr and a paid-up capital of ₹14.33 Cr. It was led by directors including Mitesh A Chauhan and Vikas Gulati.
Its last annual general meeting (AGM) was held on 15 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.08 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹4.07 Cr (net margin 36.7%) and EBITDA of ₹10.37 Cr (EBITDA margin 93.6%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 10% over five years.
As per MCA filings, the company had satisfied charges of ₹133.44 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹14.32 Cr; the latest was in September 2020. 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 Solarcraft Hukkeri Private Limited with revenue of ₹11.22 Cr.
The last known website on record is adanigreenenergy.com.
Company details
CIN history
Essel Gulbarga Solar Power has one previous CIN (Corporate Identification Number): U40109DL2012PTC238236. The current CIN is U40109GJ2012PTC130019, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109GJ2012PTC130019 | Current |
| U40109DL2012PTC238236 | Previous |
Contact details
Essel Gulbarga Solar Power Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Essel Gulbarga Solar Power 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 Essel Gulbarga Solar Power 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 Essel Gulbarga Solar Power Private Limited, buy the company report.
Financials of Essel Gulbarga Solar Power Private Limited
FY 2023 filings availableEssel Gulbarga Solar Power Private Limited reported revenue of ₹11.08 Cr (up 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 26% growth in the latest year. EBITDA rose 22% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹10.37 Cr | ||||
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| Net Profit (PAT) | ₹4.07 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 93.6% | ||||
| Net Profit Margin | 36.7% | ||||
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To see the full financial statements and ratios of Essel Gulbarga Solar Power Private Limited, buy the company report.
Board of directors of Essel Gulbarga Solar Power Private Limited
Essel Gulbarga Solar Power has 3 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitesh A Chauhan Also directs: Le Cirage Enterprise LLP, Adani Renewable Energy Holding One Limited, Adani Solar Energy Kutchh Two Limited and 5 more | Director | 20 Oct 2022 | 4 Years 0 Months | As last reported |
| Vikas Gulati | Director | 09 Sep 2020 | 6 Years 2 Months | As last reported |
| Rajeev Lochan Also directs: Adani Renewable Energy Sixteen Limited | Director | 09 Sep 2020 | 6 Years 2 Months | As last reported |
Peer comparison
Essel Gulbarga Solar Power 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 |
|---|---|---|---|---|---|---|
| Solarcraft Hukkeri Private Limited | ₹11.22 Cr (FY 2025) | -4.0% | New Delhi, Delhi, India | |||
| Essel Gulbarga Solar Power Private Limitedthis company | ₹11.08 Cr (FY 2023) | ₹4.07 Cr | 36.7% | 26.0% | Ahmedabad, Gujarat, India | |
| Punj Lloyd Solar Power Limited | ₹11.07 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| M.A.G Renewable Energy Private Limited | ₹11 Cr (FY 2025) | 195.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Essel Gulbarga Solar Power Private Limited, buy the company report.
Auditor
Essel Gulbarga Solar Power Private Limited is audited by J.Singh & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J.Singh & Associates | FY 2022 | 110266W |
Shareholding
The shareholding of Essel Gulbarga Solar Power Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Essel Gulbarga Solar Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Aug 2016 | 100047710 | Others | ₹100 Cr | Satisfied | |
| 25 Feb 2014 | 10483564 | Others | ₹33.44 Cr | Satisfied |
To see the full charge records of Essel Gulbarga Solar Power Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Essel Gulbarga Solar Power Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹14.32 Cr; the latest was in September 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Secondary share transfer | Undisclosed | Buyer: Adani Renewable Energy Holding Ten Limited & Dharmesh Desai, Adani Renewable Energy Holding Ten Limited & Prashant Rughani, Adani Renewable Energy Holding Ten Limited & Kalpesh Dave Seller: Essel Infraprojects Limited , Essel Infraprojects Limited & Express Toll Roads Limited, Essel Green Energy Private Limited |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Essel Green Energy Private Limited Seller: Essel Infraprojects Limited |
| May 2014 | Funding round | ₹14.32 Cr | Investors: Essel Infraprojects Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Essel Gulbarga Solar Power Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Essel Gulbarga Solar Power Private Limited was last rated by Brickwork on 02 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 02 Aug 2021 |
To see the full credit ratings and regulatory alerts of Essel Gulbarga Solar Power Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Essel Gulbarga Solar Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Essel Gulbarga Solar Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCE0998D1ZI | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Essel Gulbarga Solar Power Private Limited, buy the company report.
Recent activity
Essel Gulbarga Solar Power Private Limited has 33 board changes on record since 2012: 3 appointments and 30 cessations. The latest: Mitesh A Chauhan ceased to be Additional Director on 14 Jul 2023.
29 earlier events are in the company report.
Frequently asked questions
Essel Gulbarga Solar Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Essel Gulbarga Solar Power was a private limited company based in Ahmedabad, Gujarat, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 29 June 2012 and is registered under CIN U40109GJ2012PTC130019. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Essel Gulbarga Solar Power was incorporated on 29 June 2012. It is registered with the Registrar of Companies, Ahmedabad.
Essel Gulbarga Solar Power had 3 directors:
- Mitesh A Chauhan - Director
- Vikas Gulati - Director
- Rajeev Lochan - Director
The CIN (Corporate Identification Number) of Essel Gulbarga Solar Power is U40109GJ2012PTC130019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Essel Gulbarga Solar Power is at Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.
Essel Gulbarga Solar Power can be reached through the website adanigreenenergy.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Essel Gulbarga Solar Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 15 July 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Essel Gulbarga Solar Power is 29AADCE0998D1ZI, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Essel Gulbarga Solar Power operated in the environment industry, in the solar energy solutions segment.
Essel Gulbarga Solar Power has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹14.32 Cr; the latest was in September 2020.
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