About Flares Energy LLP
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Flares Energy LLP is a limited liability partnership (LLP) based in Ahmednagar, Maharashtra, India, recognised as a startup by DPIIT. It operates in the steam and hot water supply segment of the utilities sector. It was incorporated on 05 October 2020 and has been in existence for over 6 years.
The LLP is registered with the Registrar of Companies (ROC), Pune, under LLPIN AAU-0394.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Harshal Anil Satav and Siddharth Ravindra Thorat.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at C/O. Milkat No. 1086 Gat No.444/1 Sakuri Rahata, Ahmednagar, Maharashtra, India – 423107.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹5.62 Cr, a growth of 97% compared to the previous year. For the same year it recorded a net profit of ₹6.76 Lakh (net margin 1.2%) and EBITDA of ₹10.28 Lakh (EBITDA margin 1.8%).
The LLP has about 29 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: Flares Solar. As per MCA filings, the LLP has open charges of ₹6.5 Cr on record.
For more details, the LLP can be reached via its website flaressolar.com.
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- Registered AddressC/O. Milkat No. 1086 Gat No.444/1 Sakuri Rahata, Ahmednagar, Maharashtra, India – 423107
- IndustryUtilities, Steam And Hot Water Supply, Electricity, Gas
- 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
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Financials of Flares Energy LLP FY 2025 filings available
Flares Energy LLP reported revenue of ₹5.62 Cr (up 97% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Flares Energy LLP
Revenue rose 97% in the latest year. EBITDA rose 154% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Flares Energy LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Income and Expenditure | |||
| Turnover | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Income | •••• | •••• | •••• |
| Purchases and Direct Costs | •••• | •••• | •••• |
| Personnel Expenses | •••• | •••• | •••• |
| Administrative Expenses | •••• | •••• | •••• |
| Interest | •••• | •••• | •••• |
| Depreciation | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax | •••• | •••• | •••• |
| Profit After Tax | ₹6.76 Lakh | •••• | •••• |
| Profit Transferred to Partners | •••• | •••• | •••• |
| Assets and Liabilities | |||
| Partners' Contribution | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Secured Loans | •••• | •••• | •••• |
| Unsecured Loans | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Other Liabilities and Provisions | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Loans and Advances | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Flares Energy LLP
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| Net Profit Margin | 1.2% | •••• | •••• |
| Return on Partners' Funds | •••• | •••• | •••• |
| Return on Assets | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Debt to Partners' Funds | •••• | •••• | •••• |
| Interest Coverage | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Turnover Growth | •••• | •••• | •••• |
| 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 8. The full year-wise statements and ratios of Flares Energy are in the company report.
Financial statements from FY 2021
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 Flares Energy LLP
Flares Energy LLP is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Prou India Engineering Private Limited | ₹5.66 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Chennai, Tamil Nadu, India |
| Exotron Thermal Private Limited | ₹5.66 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Thane, Maharashtra, India |
| Aryan Engineering Services Private Limited | ₹5.64 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Bellary, Karnataka, India |
| Jack Electrolinks Pvt Ltd | ₹5.64 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | Ernakulam, Kerala, India |
| Envio Energy Technologies Private Limited | ₹5.62 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Dadri, Uttar Pradesh, India |
| Flares Energy LLP this company | ₹5.62 Cr (FY 2023) | •••• | •••• | 97.0% | •••• | Ahmednagar, Maharashtra, India |
| Abletech Electro Engineers Private Limited | ₹5.62 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Bangalore, Karnataka, India |
| Jalark Solar Solutions (OPC) Private Limited | ₹5.62 Cr (FY 2025) | •••• | •••• | 105.0% | •••• | Nadiad, Gujarat, India |
| Prag Electricals Pvt. Ltd. | ₹5.62 Cr (FY 2022) | •••• | •••• | -1.0% | •••• | Guwahati, Assam, India |
| Futureinnovative Technology Private Limited | ₹5.62 Cr (FY 2025) | •••• | •••• | 933.0% | •••• | Lucknow, Uttar Pradesh, India |
| Precise Solar Energy Private Limited | ₹5.61 Cr (FY 2025) | •••• | •••• | 219.0% | •••• | Bijnor, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Flares Energy by revenue in the Power industry (EPC, BoP and BTG), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Designated Partners of Flares Energy LLP
Flares Energy has 2 designated partners on record. No former designated partners are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harshal Anil Satav Also directs: Flares Infra LLP | Designated Partner | 05 Oct 2020 | 6 Years 0 Months | Current |
| Siddharth Ravindra Thorat | Designated Partner | 05 Oct 2020 | 6 Years 0 Months | Current |
Charges & Borrowings of Flares Energy LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2025 | Tata Capital Limited | ₹3 Cr | Open |
| 27 Sep 2024 | Profectus Capital Private Limited | ₹2.5 Cr | Open |
| 19 Jul 2023 | Hdfc Bank Limited | ₹1 Cr | Open |
Total charge records: 3 View all charges
Associated Brands with Flares Energy LLP
Flares Energy operates one associated brand: Flares Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar PV systems installation, maintenance, and monitoring services in India. | flaressolar.com |
Employees and EPFO Compliance at Flares Energy LLP
Employment history and EPFO contributions of people linked to Flares Energy.
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 Flares Energy LLP
Flares Energy LLP has 2 designated partner changes on record since 2020: 2 appointments. The latest: Harshal Anil Satav was appointed as Designated Partner on 05 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Flares Energy LLP
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.
MSME Payment Delays by Flares Energy LLP
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Flares Energy LLP
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 Flares Energy LLP
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 Flares Energy LLP
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 Flares Energy LLP
Flares Energy is an active limited liability partnership based in Ahmednagar, Maharashtra, India. The LLP works in steam and hot water supply, within the utilities industry. It was incorporated on 05 October 2020 (6+ years old) and is registered under LLPIN AAU-0394.
Flares Energy reported revenue of ₹5.62 Cr for FY 2023 (up 97% YoY).
Flares Energy has 2 current designated partners:
- Harshal Anil Satav - Designated Partner
- Siddharth Ravindra Thorat - Designated Partner
Flares Energy reported a net profit of ₹6.76 Lakh (net margin 1.2%) and EBITDA of ₹10.28 Lakh (EBITDA margin 1.8%) for FY 2023, as per its filed financial statements.
The LLPIN (Limited Liability Partnership Identification Number) of Flares Energy is AAU-0394. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Flares Energy was incorporated on 05 October 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Flares Energy by revenue are Prou India Engineering Private Limited, Exotron Thermal Private Limited, Aryan Engineering Services Private Limited, Jack Electrolinks Pvt Ltd, Envio Energy Technologies Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).
Harshal Anil Satav was appointed as Designated Partner on 05 Oct 2020. Siddharth Ravindra Thorat was appointed as Designated Partner on 05 Oct 2020.
Yes, Flares Energy is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Flares Energy can be reached through the website flaressolar.com. Its registered office is in Ahmednagar, Maharashtra, India.
The registered office of Flares Energy is at CO. Milkat No. 1086 Gat No.4441 Sakuri Rahata, Ahmednagar, Maharashtra, India – 423107.