About Explore Energies Solutions Private Limited
Data last updated:
Explore Energies Solutions Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 02 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U51909DL2019PTC354589. Its GSTIN is 07AAFCE6240A1Z5 (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Parveen Kumar Wig and Chaitanya Wig.
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 B – 195 Okhla Industrial Area Phase – 1, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.7 Cr, a decline of 63% compared to the previous year. For the same year it recorded a net profit of ₹14.57 Lakh (net margin 3.9%) and EBITDA of ₹56.85 Lakh (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 91% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹3.69 Cr on record.
For more details, the company can be reached via its website exploreenergies.com.
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- Website
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- Registered AddressB – 195 Okhla Industrial Area Phase – 1, New Delhi, Delhi, India – 110020
- IndustryAutomotive, Auto Parts & Components
- 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
Business Activity of Explore Energies Solutions Private Limited
The main business activity of Explore Energies Solutions is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and 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 Explore Energies Solutions Private Limited FY 2025 filings available
Explore Energies Solutions Private Limited reported revenue of ₹3.7 Cr (down 63% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Explore Energies Solutions Private Limited
Revenue fell 63% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 91%. 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 of Explore Energies Solutions 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 | ₹56.85 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.57 Lakh | •••• | •••• | •••• | •••• |
| 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 of Explore Energies Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.9% | •••• | •••• | •••• | •••• |
| 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 Explore Energies Solutions are in the company report.
Financial statements from FY 2020
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.
Peer Comparison of Explore Energies Solutions Private Limited
Explore Energies Solutions Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Metals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sidrah Overseas Private Limited | ₹3.74 Cr (FY 2025) | •••• | •••• | 101.0% | •••• | Delhi, India |
| Rajput Rolling Mills Private Limited | ₹3.74 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Liluah, West Bengal, India |
| Yash Metal Resources Private Limited | ₹3.73 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Howrah, West Bengal, India |
| Aabon Smit Alloys Private Limited | ₹3.72 Cr (FY 2023) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| GSB Toolcrafts Pvt Ltd | ₹3.72 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Howrah, West Bengal, India |
| Explore Energies Solutions Private Limited this company | ₹3.7 Cr (FY 2025) | •••• | •••• | -63.0% | •••• | New Delhi, Delhi, India |
| Shanti Ispat Limited | ₹3.69 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Haryana, India |
| Phiran Louis & Luxe Private Limited | ₹3.69 Cr (FY 2024) | •••• | •••• | •••• | Howrah, West Bengal, India | |
| Honey Metals & Chemicals Private Limited | ₹3.67 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Chennai, Tamil Nadu, India |
| Ansapack (FC) Private Limited | ₹3.67 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Sobhana Chemical Private Limited | ₹3.66 Cr (FY 2024) | •••• | •••• | -1.0% | •••• | Sivakasi, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Explore Energies Solutions by revenue in the Metals and Minerals industry (Metals), 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 Explore Energies Solutions Private Limited
Explore Energies Solutions Private Limited is audited by AASM & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AASM & CO | 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.
Board of Directors of Explore Energies Solutions Private Limited
Explore Energies Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parveen Kumar Wig Also directs: Bright Star Motocorp Private Limited | Director | 02 Sep 2019 | 7 Years 1 Months | Current |
| Chaitanya Wig Also directs: Bright Star Motocorp Private Limited | Director | 02 Sep 2019 | 7 Years 1 Months | Current |
| Sangeeta Wig | Director | 02 Sep 2019 | 7 Years 1 Months | Current |
Ownership and Shareholding of Explore Energies Solutions 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 Explore Energies Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2022 | Hdfc Bank Limited | ₹3.69 Cr | Satisfied |
Total charge records: 1 View all charges
MSME Payment Delays by Explore Energies Solutions Private Limited
Explore Energies Solutions Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 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 |
|---|---|---|---|
| Aggarwal Electronics | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Platinam Impex | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 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 Explore Energies Solutions Private Limited
Employment history and EPFO contributions of people linked to Explore Energies Solutions.
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.
Group Structure of Explore Energies Solutions Private Limited
Explore Energies Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bright Star Motocorp Private Limited | U34300DL2022PTC392204 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Explore Energies Solutions Private Limited
Explore Energies Solutions Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Chaitanya Wig was appointed as Director on 02 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Explore Energies Solutions 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 Explore Energies Solutions 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 Explore Energies Solutions Private Limited
Explore Energies Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCE6240A1Z5 | Delhi | Active | 15 Nov 2019 |
| 06AAFCE6240A1Z7 | Haryana | Active | 08 Sep 2022 |
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 Explore Energies Solutions 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.
Frequently Asked Questions about Explore Energies Solutions Private Limited
Explore Energies Solutions is an active private limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 02 September 2019 (7+ years old) and is registered under CIN U51909DL2019PTC354589.
Explore Energies Solutions reported revenue of ₹3.7 Cr for FY 2025 (down 63% YoY).
Explore Energies Solutions has 3 current directors:
- Parveen Kumar Wig - Director
- Chaitanya Wig - Director
- Sangeeta Wig - Director
Explore Energies Solutions reported a net profit of ₹14.57 Lakh (net margin 3.9%) and EBITDA of ₹56.85 Lakh (EBITDA margin 15.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Explore Energies Solutions is -35% over three years and 91% over five years. In the latest year (FY 2025) revenue fell 63%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Explore Energies Solutions is 07AAFCE6240A1Z5, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AAFCE6240A1Z7 (Haryana).
The CIN (Corporate Identification Number) of Explore Energies Solutions is U51909DL2019PTC354589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Explore Energies Solutions was incorporated on 02 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Explore Energies Solutions by revenue are Sidrah Overseas Private Limited, Rajput Rolling Mills Private Limited, Yash Metal Resources Private Limited, Aabon Smit Alloys Private Limited, GSB Toolcrafts Pvt Ltd and 5 more, all in the Metals and Minerals industry (Metals).
Chaitanya Wig was appointed as Director on 02 Sep 2019. Parveen Kumar Wig was appointed as Director on 02 Sep 2019. Sangeeta Wig was appointed as Director on 02 Sep 2019.
Explore Energies Solutions has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Explore Energies Solutions can be reached through the website exploreenergies.com. Its registered office is in New Delhi, Delhi, India.