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Fourcell Energy Private Limited - energy and power in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.8 Cr
▲ 140% YoY
Net profit · FY 2024
₹7.95 Lakh
Net margin 1.4%
EBITDA · FY 2024
₹11.68 Lakh
EBITDA margin 2%
Authorised capital
₹45 Lakh
Registered with MCA
Paid-up capital
₹45 Lakh
Issued & subscribed
Open charges
₹2.99 Cr
Satisfied ₹95 Lakh
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Fourcell Energy Private Limited
Data last updated:
Fourcell Energy Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the power epc segment of the energy and power sector. It was incorporated on 30 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2020PTC115144. Its GSTIN is 24AAECF1742K1ZR (Gujarat).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors Nirav Harsukhbhai Vora and Prayag Mansukhbhai Nakarani.
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 506 5th Floor R.J.D.Business Hub Wing – A Naginawadi Kansa Nagar Rd Katargam, Surat, Gujarat, India – 395004.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.8 Cr, a growth of 140% compared to the previous year. For the same year it recorded a net profit of ₹7.95 Lakh (net margin 1.4%) and EBITDA of ₹11.68 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 85% over three years.
The company is associated with 1 brand: Fourcell Energy. As per MCA filings, the company has open charges of ₹2.99 Cr and satisfied charges of ₹95 Lakh on record.
Fourcell Energy Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0003495). For more details, the company can be reached via its website fourcellenergy.com.
Company Details of Fourcell Energy Private Limited
CIN U29309GJ2020PTC115144
Registration Number 115144
Incorporation Date 30 July 2020
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-22-0003495
Recognitions & Rankings of Fourcell Energy
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-22-0003495
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address506 5th Floor R.J.D.Business Hub Wing – A Naginawadi Kansa Nagar Rd Katargam, Surat, Gujarat, India – 395004
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
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Associated Brands with Fourcell Energy Private Limited
Fourcell Energy operates one associated brand: Fourcell Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides solar panel installations and services for homes, businesses, and industries. | fourcellenergy.com |
Business Activity of Fourcell Energy Private Limited
The main business activity of Fourcell Energy is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Fourcell Energy Private Limited FY 2025 filings available
Fourcell Energy Private Limited reported revenue of ₹5.8 Cr (up 140% YoY) for FY 2024.
Revenue · FY 2024
₹5.8 Cr ▲ 140%
Net profit · FY 2024
₹7.95 Lakh margin 1.4%
EBITDA · FY 2024
₹11.68 Lakh margin 2%
Compounded Annual Growth Rate (CAGR) of Fourcell Energy Private Limited
Revenue CAGR growth
1 year
▲ 140%
3 years · compounded
▲ 85%
EBITDA CAGR growth
1 year
▲ 223%
3 years · compounded
▲ 137%
Revenue has grown at a compounded annual rate (CAGR) of 85% over three years, including 140% growth in the latest year. EBITDA rose 223% 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 Fourcell Energy Private Limited
| Metrics | 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 | ₹11.68 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.95 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 Fourcell Energy Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 2% | •••• | •••• | •••• |
| Net Profit Margin | 1.4% | •••• | •••• | •••• |
| 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 Fourcell Energy are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Fourcell Energy Private Limited
Fourcell Energy has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Harsukhbhai Vora Also directs: Fourcell Solartech LLP | Director | 30 Jul 2020 | 6 Years 2 Months | Current |
| Prayag Mansukhbhai Nakarani Also directs: Fourcell Solartech LLP | Director | 30 Jul 2020 | 6 Years 2 Months | Current |
Peer Comparison of Fourcell Energy Private Limited
Fourcell Energy Private Limited 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 |
|---|---|---|---|---|---|---|
| Rencel Energy and Metal Limited | ₹5.84 Cr (FY 2018) | •••• | •••• | 332.0% | •••• | Navi Mumbai, Maharashtra, India |
| Saifian Solar Private Limited | ₹5.83 Cr (FY 2025) | •••• | •••• | 1697.0% | •••• | Delhi, India |
| Unique Ergonomic Furniture Private Limited | ₹5.81 Cr (FY 2024) | •••• | •••• | 73207.0% | •••• | Udaipur, Rajasthan, India |
| Aishwarya Led Private Limited | ₹5.81 Cr (FY 2021) | •••• | •••• | 28.0% | •••• | Chennai, Tamil Nadu, India |
| Global Sustainable Energy Solutions India Private Limited | ₹5.81 Cr (FY 2025) | •••• | •••• | 166.0% | •••• | New Delhi, Delhi, India |
| Fourcell Energy Private Limited this company | ₹5.8 Cr (FY 2024) | •••• | •••• | 140.0% | •••• | Surat, Gujarat, India |
| Inox Neo Energies Limited | ₹5.8 Cr (FY 2025) | •••• | •••• | •••• | Vadodara, Gujarat, India | |
| Royal Electrical Contractor Private Limited | ₹5.78 Cr (FY 2024) | •••• | •••• | -48.0% | •••• | Mumbai, Maharashtra, India |
| Ataru Renew Power Private Limited | ₹5.77 Cr (FY 2025) | •••• | •••• | 204.0% | •••• | Ahmedabad, Gujarat, India |
| Access Engineers India Private Limited | ₹5.76 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Ahmedabad, Gujarat, India |
| Nimesh Energy Solutions Private Limited | ₹5.75 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | Satna, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Fourcell 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.
Auditor Details of Fourcell Energy Private Limited
Fourcell Energy Private Limited is audited by NVS & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NVS & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Fourcell Energy Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Fourcell Energy Private Limited
Open charges
₹2.99 Cr
Satisfied charges
₹95 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2025 | Others | ₹2.99 Cr | Open |
| 17 Jul 2023 | Others | ₹95 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Fourcell Energy Private Limited
Fourcell Energy Private Limited has a workforce of 0 employees as of Mar 28, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Fourcell Energy Private Limited
Fourcell Energy Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Avinash Pravinbhai Rupavatiya ceased to be Director on 22 Sep 2020.
AGM
Fourcell Energy Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 17 Jul 2023 via Charge ID 100746816 with Others was fully satisfied on 16 May 2025.
Charges
A charge with Others amounted to Rs. 299.00 Lakh with Charge ID 101110790 was registered on 30 Apr 2025.
Filing
Fourcell Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 95.00 Lakh registered on 17 Jul 2023 with Charge ID 100746816 was modified on 09 Aug 2024.
Charges
A charge with Others amounted to Rs. 95.00 Lakh with Charge ID 100746816 was registered on 17 Jul 2023.
Ceased
Avinash Pravinbhai Rupavatiya ceased to be Director.
Appointed
Nirav Harsukhbhai Vora was appointed as Director.
Appointed
Prayag Mansukhbhai Nakarani was appointed as Director.
Incorporation
30 Jul 2020
Fourcell Energy Private Limited was registered on 30 Jul 2020 with Roc Ahmedabad & aged 6 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Fourcell Energy Private Limited
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MSME Payment Delays by Fourcell Energy Private Limited
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Subsidiaries & Group Companies of Fourcell Energy Private Limited
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Corporate group structure
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GST Compliance of Fourcell Energy Private Limited
Fourcell Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECF1742K1ZR | Gujarat | Active | 07 Aug 2020 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Fourcell Energy Private Limited
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Frequently Asked Questions about Fourcell Energy Private Limited
Fourcell Energy is an active private limited company based in Surat, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 30 July 2020 (6+ years old) and is registered under CIN U29309GJ2020PTC115144.
Fourcell Energy reported revenue of ₹5.8 Cr for FY 2024 (up 140% YoY).
Fourcell Energy has 2 current directors:
- Nirav Harsukhbhai Vora - Director
- Prayag Mansukhbhai Nakarani - Director
Fourcell Energy reported a net profit of ₹7.95 Lakh (net margin 1.4%) and EBITDA of ₹11.68 Lakh (EBITDA margin 2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fourcell Energy is 85% over three years. In the latest year (FY 2024) revenue rose 140%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fourcell Energy is 24AAECF1742K1ZR, registered in Gujarat.
The CIN (Corporate Identification Number) of Fourcell Energy is U29309GJ2020PTC115144. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fourcell Energy was incorporated on 30 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Fourcell Energy by revenue are Rencel Energy and Metal Limited, Saifian Solar Private Limited, Unique Ergonomic Furniture Private Limited, Aishwarya Led Private Limited, Global Sustainable Energy Solutions India Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).
Avinash Pravinbhai Rupavatiya ceased to be Director on 22 Sep 2020. Nirav Harsukhbhai Vora was appointed as Director on 30 Jul 2020. Prayag Mansukhbhai Nakarani was appointed as Director on 30 Jul 2020.
Yes, Fourcell Energy is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).