About Fairsun Solar Private Limited
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Fairsun Solar Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Cleantech India Oa Pte. Ltd.. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 21 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40107MH2020PTC342351. Its GSTIN is 27AAECF1495P1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1.11 Cr. It is led by directors Namit Sharma and Pheroze Jehanbux Chichgar.
Its last annual general meeting (AGM) was held on 18 July 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.86 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹36.09 Lakh (net margin 7.4%) and EBITDA of ₹4.31 Cr (EBITDA margin 88.8%). Revenue has grown at a compounded annual rate (CAGR) of 76% over three years.
As per MCA filings, the company has open charges of ₹24.38 Cr and satisfied charges of ₹19.59 Cr on record.
For more details, the company can be reached via its website cleantechsolar.com.
Company details
Contact details
Fairsun Solar Private Limited's registered office is in Mumbai, Maharashtra. Its website is cleantechsolar.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address105 1st Flr E Wing Corporate Avenue, A K Link Road Chakala Andheri E, Mumbai, Maharashtra, India – 400099
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Fairsun Solar 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 Fairsun Solar 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 Fairsun Solar Private Limited, buy the company report.
Financials of Fairsun Solar Private Limited
FY 2024 filings availableFairsun Solar Private Limited reported revenue of ₹4.86 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 76%. EBITDA fell 25% 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 |
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| EBITDA | ₹4.31 Cr | ||||
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| Net Profit (PAT) | ₹36.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 88.8% | ||||
| Net Profit Margin | 7.4% | ||||
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To see the full financial statements and ratios of Fairsun Solar Private Limited, buy the company report.
Board of directors of Fairsun Solar Private Limited
Fairsun Solar has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Namit Sharma Also directs: Hexis Renewables Private Limited, Sthooma Renewables Private Limited, Anaveel Renewables Private Limited and 5 more | Director | 21 Jul 2020 | 6 Years 3 Months | Current |
| Pheroze Jehanbux Chichgar Also directs: Cse Deccan Solar Private Limited, Cse Dakshina Solar Private Limited, Strongsun Solar Private Limited and 5 more | Director | 04 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Fairsun Solar Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Sowihy Energy Private Limited | ₹4.93 Cr (FY 2018) | 1745.0% | Raichur, Karnataka, India | |||
| Arhyama Solar Power Private Limited | ₹4.89 Cr (FY 2025) | -32.0% | Kolanpaka, Telangana, India | |||
| Fairsun Solar Private Limitedthis company | ₹4.86 Cr (FY 2025) | ₹36.09 Lakh | 7.4% | -25.0% | Mumbai, Maharashtra, India | |
| Pramatha Power Private Limited | ₹4.81 Cr (FY 2024) | -6.0% | Margao, Goa, India | |||
| Radiance MH Sunrise Five Private Limited | ₹4.81 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Fairsun Solar Private Limited, buy the company report.
Auditor
Fairsun Solar Private Limited is audited by R J N & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R J N & ASSOCIATES | FY 2022 | 019064S |
Shareholding
The shareholding of Fairsun Solar Private Limited is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Fairsun Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2021 | 100507692 | Sbicap Trustee Company Limited | ₹24.38 Cr | Open | |
| 14 Jun 2021 | 100453436 | Sbicap Trustee Company Limited | ₹19.59 Cr | Satisfied |
To see the full charge records of Fairsun Solar Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Fairsun Solar 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
Fairsun Solar Private Limited was last rated by Icra on 14 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Jun 2022 |
To see the full credit ratings and regulatory alerts of Fairsun Solar Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fairsun Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fairsun Solar Private Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Fairsun Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECF1495P1Z1 | Maharashtra | Active | 02 Feb 2021 |
To see the full GST registrations and return filing status of Fairsun Solar Private Limited, buy the company report.
Recent activity
Fairsun Solar Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Pheroze Jehanbux Chichgar ceased to be Additional Director on 30 Nov 2022.
1 earlier event is in the company report.
News
Frequently asked questions
Fairsun Solar 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 21 July 2020 (6+ years old) and is registered under CIN U40107MH2020PTC342351.
Fairsun Solar has 2 current directors:
- Namit Sharma - Director
- Pheroze Jehanbux Chichgar - Director
The latest financial statements of Fairsun Solar on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 18 July 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Fairsun Solar is 27AAECF1495P1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fairsun Solar is U40107MH2020PTC342351. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fairsun Solar was incorporated on 21 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Fairsun Solar by revenue are Sowihy Energy Private Limited, Arhyama Solar Power Private Limited, Pramatha Power Private Limited, Radiance MH Sunrise Five Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Pheroze Jehanbux Chichgar ceased to be Additional Director on 30 Nov 2022. Pheroze Jehanbux Chichgar was appointed as Director on 04 Dec 2021. Rupesh Suresh Baker ceased to be Director on 04 Dec 2021. Fairsun Solar has 6 board changes on record in total.
Fairsun Solar can be reached through the website cleantechsolar.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Fairsun Solar is at 105 1st Flr E Wing Corporate Avenue, A K Link Road Chakala Andheri E, Mumbai, Maharashtra, India – 400099.
Fairsun Solar operates in the environment industry, in the solar energy solutions segment.