Fermi Solarfarms Private Limited
About Fermi Solarfarms Private Limited
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Fermi Solarfarms Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Avaada Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 28 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2013FTC440053. Its GSTIN is 27AAECN3445K1Z9 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹1.62 Cr. It was formerly known as Nv Vogt Tamil Nadu Solar Six Private Limited and Nv Vogt Solar Six Private Limited. It is led by directors Ravi Kant Verma and Prashant Choubey.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹77.49 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹23.06 Cr (net margin 29.8%) and EBITDA of ₹71.01 Cr (EBITDA margin 91.6%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Avaada Group. As per MCA filings, the company has open charges of ₹339.14 Cr and satisfied charges of ₹1,206.7 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 12 deals on record (5 secondary share transfers, 3 convertible or debt financings, 2 rights issues), with disclosed funding of ₹78.65 Cr; the latest was in August 2019. Its 6 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 5 smaller; the largest is Atlanta Power Private Limited with revenue of ₹79.51 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Fermi Solarfarms has undergone 2 name changes throughout its history. The company was previously known as Nv Vogt Tamil Nadu Solar Six Private Limited, and Nv Vogt Solar Six Private Limited. The current legal name is Fermi Solarfarms Private Limited.
| Company Name | Status |
|---|---|
| Fermi Solarfarms Private Limited | Current |
| Nv Vogt Tamil Nadu Solar Six Private Limited | Previous |
| Nv Vogt Solar Six Private Limited | Previous |
CIN history
Fermi Solarfarms has one previous CIN (Corporate Identification Number): U40106DL2013FTC248848. The current CIN is U40106MH2013FTC440053, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2013FTC440053 | Current |
| U40106DL2013FTC248848 | Previous |
Contact details
Fermi Solarfarms Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address406 4th Floor Solaris One, N S Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Fermi Solarfarms 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
Brands
Fermi Solarfarms operates one associated brand: Avaada Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy projects in solar, wind, and storage are developed. | avaada.com |
Business activity
The main business activity of Fermi Solarfarms 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 Fermi Solarfarms Private Limited, buy the company report.
Financials of Fermi Solarfarms Private Limited
FY 2025 filings availableFermi Solarfarms Private Limited reported revenue of ₹77.49 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 2% growth in the latest year. EBITDA rose 4% 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 | ₹71.01 Cr | ||||
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| Net Profit (PAT) | ₹23.06 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 91.6% | ||||
| Net Profit Margin | 29.8% | ||||
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To see the full financial statements and ratios of Fermi Solarfarms Private Limited, buy the company report.
Board of directors of Fermi Solarfarms Private Limited
Fermi Solarfarms has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kant Verma Also directs: Meja Hospitality Services LLP, Avaada Gjclean Private Limited, Avaada Mhrenewable3 Private Limited and 5 more | Director | 07 Feb 2018 | 8 Years 8 Months | Current |
| Prashant Choubey | Director | 23 Jul 2019 | 7 Years 3 Months | Current |
Peer comparison
Fermi Solarfarms Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Atlanta Power Private Limited | ₹79.51 Cr (FY 2024) | 168.0% | Satara, Maharashtra, India | |||
| Fermi Solarfarms Private Limitedthis company | ₹77.49 Cr (FY 2025) | ₹23.06 Cr | 29.8% | 2.0% | 4 | Mumbai, Maharashtra, India |
| Prathamesh Solarfarms Limited | ₹77.44 Cr (FY 2025) | -9.0% | Ahmedabad, Gujarat, India | |||
| Avon Energies and Investments Private Limited | ₹76.81 Cr (FY 2025) | -27.0% | Ludhiana, Punjab, India | |||
| Zuka Power Private Limited | ₹76.76 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Ampin Energy Green Six Private Limited | ₹76.25 Cr (FY 2025) | 337.0% | New Delhi, Delhi, India | |||
| Azure Power Earth Private Limited | ₹75.59 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Fermi Solarfarms Private Limited, buy the company report.
Auditor
Fermi Solarfarms Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Fermi Solarfarms Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fermi Solarfarms Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2025 | 101052494 | Others | ₹323.14 Cr | Open | |
| 08 Feb 2019 | 100237282 | Others | ₹4 Cr | Open | |
| 08 Feb 2019 | 100237240 | Others | ₹4 Cr | Open | |
| 08 Feb 2019 | 100237224 | Others | ₹4 Cr | Open | |
| 08 Feb 2019 | 100237096 | Others | ₹4 Cr | Open |
To see the full charge records of Fermi Solarfarms Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Fermi Solarfarms Private Limited has 12 deals on record (5 secondary share transfers, 3 convertible or debt financings, 2 rights issues), with disclosed funding of ₹78.65 Cr; the latest was in August 2019.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited Seller: Canadian Solar Energy Holding Singapore 2 Pte. Ltd. |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited Seller: Canadian Solar Energy Holding Singapore 2 Pte. Ltd. |
| Jul 2019 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited Seller: Canadian Solar Energy Holding Singapore 2 Pte. Ltd. |
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited Seller: Canadian Solar Energy Holding Singapore 2 Pte. Ltd. |
| Oct 2017 | Funding round | ₹14.4 Lakh | Investors: Avaada Energy Private Limited |
To see the full deal history of Fermi Solarfarms 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
Fermi Solarfarms Private Limited has 3 court cases on record: 3 filed by Fermi Solarfarms. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed by the company against individuals | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Pending |
| Bombay High Court | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Fermi Solarfarms 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fermi Solarfarms Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fermi Solarfarms Private Limited has a workforce of 4 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Fermi Solarfarms has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECN3445K1Z9 | Maharashtra | Active | 27 Sep 2017 |
To see the full GST registrations and return filing status of Fermi Solarfarms Private Limited, buy the company report.
Recent activity
Fermi Solarfarms Private Limited has 15 board changes on record since 2013: 2 appointments and 13 cessations. The latest: Vinoo George ceased to be Director on 22 May 2020.
25 earlier events are in the company report.
Frequently asked questions
Fermi Solarfarms is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 28 February 2013 (13+ years old) and is registered under CIN U40106MH2013FTC440053.
Fermi Solarfarms has 2 current directors:
- Ravi Kant Verma - Director
- Prashant Choubey - Director
The latest financial statements of Fermi Solarfarms on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fermi Solarfarms is 27AAECN3445K1Z9, registered in Maharashtra. 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 Fermi Solarfarms is U40106MH2013FTC440053. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fermi Solarfarms has 3 court cases on record: 3 filed by the company. 2 are pending. Most are in the high courts.
Fermi Solarfarms was incorporated on 28 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Fermi Solarfarms has 12 deals on record (5 secondary share transfers, 3 convertible or debt financings, 2 rights issues), with disclosed funding of ₹78.65 Cr; the latest was in August 2019.
The peers of Fermi Solarfarms by revenue are Atlanta Power Private Limited, Prathamesh Solarfarms Limited, Avon Energies and Investments Private Limited, Zuka Power Private Limited, Ampin Energy Green Six Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Vinoo George ceased to be Director on 22 May 2020. Prashant Choubey ceased to be Additional Director on 26 Sep 2019. Sushil Jain ceased to be Director on 24 Jul 2019. Fermi Solarfarms has 15 board changes on record in total.
The registered office of Fermi Solarfarms is at 406 4th Floor Solaris One, N S Phadke Marg, Mumbai, Maharashtra, India – 400069.