About Gensol Engineering Limited
Data last updated: 03 September 2025
Gensol Engineering Limited is a public limited company based in Ahmadabad City, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It specialises in power epc, a part of the broader energy and power sector. Incorporated on 25 September 2012, the company has been in operation for over 14 years.
Registered with ROC Ahmedabad under CIN L74210GJ2012PLC129176. Listed on BSE: 542851.
Capital: an authorised share capital of ₹50 Cr and a paid-up capital of ₹38.45 Cr. Formerly known as Gensol Engineering Private Limited. It is led by directors including Anmol Singh Jaggi and Puneet Singh Jaggi.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Ahmadabad City, Gujarat.
As per NSE-filed consolidated financials for FY 2024, the company reported a revenue of ₹963.1 Cr. The net worth stands at ₹313.06 Cr. Total assets are valued at ₹2,327.8 Cr.
The company has a workforce of approximately 229 employees as per the latest available data. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand - Gensol. As per MCA filings, the company has open charges of ₹2,365 Cr and satisfied charges of ₹33.95 Cr on record.
The company is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional, and the company may not be able to independently enter into new commitments. The last known website on record is gensolsolar.in.
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Registered Address15Th Floor A Block Westgate Business Bay, S G Road, Ahmadabad City, Gujarat, India – 380051
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IndustryEnergy and Power, Power EPC, BoP & BTG Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Gensol Engineering Limited
Gensol Engineering Limited has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74210GJ2012PLC129176, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74210GJ2012PLC129176 | Current |
| U74210CH2012PTC034105 | Previous |
| U74210CH2012PLC034105 | Previous |
| L74210CH2012PLC034105 | Previous |
Associated Brands with Gensol Engineering Limited
Gensol Engineering Limited operates one associated brand: Gensol. These brands represent Gensol Engineering Limited's diversified market presence and brand portfolio.
Competitors & Alternatives of Gensol Engineering Limited
Brands and companies operating in the same space as Gensol Engineering Limited include BHI Energy, NovaSource Power Services, SunSystem Technology and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
BHI Energy
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Renewable energy and oil & gas projects are developed. | Weymouth, United States, United States | 1979 |
NovaSource Power Services
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Solar operations and maintenance services are provided globally. | Austin, United States, United States | 2020 |
SunSystem Technology
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Operations and maintenance services are provided for solar energy systems. | Rancho Cordova, United States, United States | 2008 |
Inspire Clean Energy
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Provides solar PV asset management and operations & maintenance services. | Mumbai, India, India | 2015 |
Energy Vision
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Solar operations and maintenance services are provided globally. | Port Louis, Mauritius, Mauritius | 2014 |
Kinematics
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Solar energy operations and maintenance services are provided. | Phoenix, United States, United States | 1996 |
oEnergy
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Solar panels are installed and O&M services are provided. | Providencia, Chile, Chile | 2013 |
NewGen Energy
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Solar panel installation and maintenance services are provided. | Rocklin, United States, United States | 2007 |
Business Activity of Gensol Engineering Limited
Gensol Engineering Limited is engaged in multiple principal business activities such as professional, scientific and technical, construction, and support service to organizations, with detailed activities including architecture, engineering activities, technical testing and analysis activities, roads, railways, utility projects, rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities. The company has 3 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | Locked |
| F | Construction | F2 | Roads, railways, Utility projects | Locked |
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities | Locked |
Business activity turnover details for Gensol Engineering Limited
Turnover contribution percentages and historical activity changes require an active report plan.
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Board of Directors of Gensol Engineering Limited
Gensol Engineering Limited is currently managed by 3 directors, with 16 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anmol Singh Jaggi | Managing Director | 04 Jan 2019 | 7 Years 7 Months | As last reported |
| Puneet Singh Jaggi | Whole-Time Director | 25 Sep 2012 | 13 Years 10 Months | As last reported |
| Vibhuti Patel | Director | 11 Jul 2023 | 3 Years 0 Months | As last reported |
Financials of Gensol Engineering Limited FY 2024 filings available
Gensol Engineering Limited reported revenue of ₹963.1 Cr for FY 2024.
| Metrics | FY 2024 |
|---|---|
| Revenue from Operations | ₹963.1 Cr |
| Other Income | ₹32.79 Cr |
| Total Income | ₹995.89 Cr |
| Cost of Materials Consumed | ₹145.29 Cr |
| Purchases of Stock-in-Trade | ₹500.26 Cr |
| Changes in Inventories | ₹1.19 Cr |
| Employee Benefit Expense | ₹40.86 Cr |
| Finance Costs | ₹108.15 Cr |
| Depreciation & Amortisation | ₹74.25 Cr |
| Other Expenses | ₹47.9 Cr |
| Total Expenses | ₹917.9 Cr |
| Profit Before Exceptional Items & Tax | ₹77.99 Cr |
| Exceptional Items | -₹9 Lakh |
| Profit Before Tax | ₹77.9 Cr |
| Total Tax Expense | ₹24.43 Cr |
| Net Profit | ₹53.47 Cr |
| attributable to Owners | ₹59.56 Cr |
| attributable to NCI | -₹6.09 Cr |
| Other Comprehensive Income | -₹78 Lakh |
| Total Comprehensive Income | ₹52.69 Cr |
| EBITDA (computed) | ₹260.39 Cr |
| Basic EPS | ₹15.80 |
| Diluted EPS | ₹15.80 |
| Metrics | FY 2024 |
|---|---|
| Total Assets | ₹2,327.8 Cr |
| Non-current Assets | ₹1,204.94 Cr |
| Current Assets | ₹1,122.86 Cr |
| Property, Plant & Equipment | ₹645.52 Cr |
| Inventories | ₹12.13 Cr |
| Trade Receivables | ₹227.8 Cr |
| Cash & Equivalents | ₹218.29 Cr |
| Equity (Net Worth) | ₹313.06 Cr |
| Equity Share Capital | ₹37.87 Cr |
| Borrowings (Non-current) | ₹857.95 Cr |
| Borrowings (Current) | ₹538.62 Cr |
| Total Debt (computed) | ₹1,396.57 Cr |
| Current Liabilities | ₹828.13 Cr |
| Total Liabilities | ₹2,014.74 Cr |
| Metrics | FY 2024 |
|---|---|
| Operating Cash Flow | -₹98.1 Cr |
| Investing Cash Flow | -₹666.67 Cr |
| Financing Cash Flow | ₹858.73 Cr |
| Capital Expenditure | ₹478.45 Cr |
| Free Cash Flow (computed) | -₹576.55 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹92.94 Cr |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| EV MANUFACTURING | ₹0 | -₹5.85 Cr | - | - |
| LEASE | ₹133.89 Cr | -₹27.97 Cr | - | - |
| OTHERS | ₹2.1 Cr | -₹1.81 Cr | - | - |
| SOLAR EPC | ₹830.57 Cr | ₹135.36 Cr | - | - |
| Metrics | FY 2024 |
|---|---|
| Revenue from Operations | ₹904.01 Cr |
| Other Income | ₹40.4 Cr |
| Total Income | ₹944.41 Cr |
| Cost of Materials Consumed | ₹93.07 Cr |
| Purchases of Stock-in-Trade | ₹504.43 Cr |
| Changes in Inventories | ₹1.19 Cr |
| Employee Benefit Expense | ₹26.63 Cr |
| Finance Costs | ₹100.6 Cr |
| Depreciation & Amortisation | ₹72.44 Cr |
| Other Expenses | ₹38.03 Cr |
| Total Expenses | ₹836.39 Cr |
| Profit Before Exceptional Items & Tax | ₹108.02 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹108.02 Cr |
| Total Tax Expense | ₹27.54 Cr |
| Net Profit | ₹80.48 Cr |
| Other Comprehensive Income | ₹6 Lakh |
| Total Comprehensive Income | ₹80.54 Cr |
| EBITDA (computed) | ₹281.06 Cr |
| Basic EPS | ₹21.35 |
| Diluted EPS | ₹21.35 |
| Metrics | FY 2024 |
|---|---|
| Total Assets | ₹2,027.61 Cr |
| Non-current Assets | ₹975.56 Cr |
| Current Assets | ₹1,052.05 Cr |
| Property, Plant & Equipment | ₹571.05 Cr |
| Inventories | ₹9.13 Cr |
| Trade Receivables | ₹216.56 Cr |
| Cash & Equivalents | ₹163.58 Cr |
| Equity (Net Worth) | ₹344.1 Cr |
| Equity Share Capital | ₹37.87 Cr |
| Borrowings (Non-current) | ₹669.14 Cr |
| Borrowings (Current) | ₹509.33 Cr |
| Total Debt (computed) | ₹1,178.47 Cr |
| Current Liabilities | ₹765.11 Cr |
| Total Liabilities | ₹1,683.51 Cr |
| Metrics | FY 2024 |
|---|---|
| Operating Cash Flow | -₹51.67 Cr |
| Investing Cash Flow | -₹511.98 Cr |
| Financing Cash Flow | ₹602.44 Cr |
| Capital Expenditure | ₹377.49 Cr |
| Free Cash Flow (computed) | -₹429.16 Cr |
| Dividends Paid | ₹0 |
| Net Change in Cash | ₹38.79 Cr |
| Segment · FY 2024 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Lease | ₹128.94 Cr | -₹22.45 Cr | - | - |
| Solar EPC | ₹775.07 Cr | ₹143.01 Cr | - | - |
Ownership and Shareholding of Gensol Engineering Limited
Shareholding and ownership data for Gensol Engineering Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
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Group Structure of Gensol Engineering Limited
Gensol Engineering Limited has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Gensol Engineering Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Gensol Electric Vehicles Private Limited | U34100PN2022PTC212856 | - |
| Gensol Green Energy Private Limited | U35105GJ2024PTC148319 | - |
| Gensol Clean Energy Private Limited | U35105GJ2024PTC149488 | - |
| Gensol Utilities Private Limited | U74120GJ2015FTC082558 | - |
| Scorpius Trackers Private Limited | U74900PN2012PTC144942 | - |
| Gensun Renewables Private Limited | U74999GJ2018PTC100798 | - |
Showing major subsidiaries. Total: 7.
Charges & Borrowings of Gensol Engineering Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jan 2025 | Canara Bank | ₹30 Cr | Open |
| 04 Jan 2025 | Bank of India | ₹18.4 Cr | Open |
| 24 Dec 2024 | Others | ₹60 Cr | Open |
| 06 Dec 2024 | Others | ₹1.1 Cr | Open |
| 14 Oct 2024 | Others | ₹10 Cr | Open |
Total charge records: 48 View all charges
Employees and EPFO Compliance at Gensol Engineering Limited
Gensol Engineering Limited has a workforce of 229 employees as of Mar 30, 2024.
Employee and EPFO history for Gensol Engineering Limited
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GST Compliance of Gensol Engineering Limited
GST registrations and filing compliance for Gensol Engineering Limited
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Credit Ratings, Litigation & Regulatory Alerts for Gensol Engineering Limited
Credit ratings, litigation, and regulatory alerts for Gensol Engineering Limited
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MSME Payment Delays by Gensol Engineering Limited
MSME payment history for Gensol Engineering Limited
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Subsidiaries & Group Companies of Gensol Engineering Limited
Corporate group structure for Gensol Engineering Limited
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MCA Filings & Documents of Gensol Engineering Limited
MCA filings and documents for Gensol Engineering Limited
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Recent Activity on Gensol Engineering Limited
Recent News on Gensol Engineering Limited
Frequently Asked Questions about Gensol Engineering Limited
Gensol Engineering Limited is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Gensol Engineering Limited is a company under insolvency, formerly operating as a public limited company in the energy and power sector based in Ahmadabad City, Gujarat, India. It was incorporated on 25 September 2012 and is registered under CIN L74210GJ2012PLC129176. Listed on BSE: 542851. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gensol Engineering Limited reported revenue of ₹963.1 Cr for FY 2024 based on consolidated NSE filings.
The current directors of Gensol Engineering Limited are:
- Anmol Singh Jaggi - Managing Director
- Puneet Singh Jaggi - Whole-Time Director
- Vibhuti Patel - Director
The CIN (Corporate Identification Number) of Gensol Engineering Limited is L74210GJ2012PLC129176. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Gensol Engineering Limited is listed on BSE with code 542851.