Gensol Ventures Private Limited

Gensol Ventures Private Limited - energy and power in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U74999GJ2017PTC096539 Incorporated 28 March 2017 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company energy and power MSME · Small
Data last updated
Revenue · FY 2023
₹3.88 Cr
▲ 146% YoY
Net profit · FY 2023
₹11.46 Lakh
Net margin 3%
EBITDA · FY 2023
₹2.69 Cr
EBITDA margin 69.4%
Authorised capital
₹1.3 Cr
Registered with MCA
Paid-up capital
₹1.21 Cr
Issued & subscribed
Open charges
₹875.1 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
3
As per MCA filings

About Gensol Ventures Private Limited

Data last updated:

Gensol Ventures Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 28 March 2017 and has been in existence for over 9 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2017PTC096539. Its GSTIN is 24AAGCG7674K2Z4 (Gujarat). The company holds 3 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.21 Cr. It is led by directors including Puneet Singh Jaggi and Anmol Singh Jaggi.

Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Ahmedabad, Gujarat.

As per the financials filed for FY 2023, the company reported a revenue of ₹3.88 Cr, a growth of 146% compared to the previous year. For the same year it recorded a net profit of ₹11.46 Lakh (net margin 3%) and EBITDA of ₹2.69 Cr (EBITDA margin 69.4%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 31% over five years.

The company is associated with 2 brands: Gensol solar and Gensol. As per MCA filings, the company has open charges of ₹875.1 Cr on record. Court records list 24 cases involving the company, including 24 filed against it; 21 cases are pending.

Gensol Ventures Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0056972). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gensolsolar.com.

Company details

CIN U74999GJ2017PTC096539
Registration Number 096539
Incorporation Date 28 March 2017
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0056972
Key People
Puneet Singh Jaggi Director Anmol Singh Jaggi Director Akash Grover Additional Director

Recognitions & Rankings of Gensol Ventures

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-GJ-01-0056972

Contact details

Gensol Ventures Private Limited's registered office is in Ahmedabad, Gujarat. Its website is gensolsolar.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    gensolsolar.com
  • Registered Address
    15th Floor A Block, Westgate Business Bay S G Road, Ahmedabad, Gujarat, India – 380051
  • Industry
    Energy and Power, Power EPC, BoP & BTG Services

To see the full contact details of Gensol Ventures Private Limited, buy the company report.

Comprehensive company report
Gensol Ventures Private Limited - one report that includes everything
  • 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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Brands

Gensol Ventures operates two associated brands: Gensol solar and Gensol. Each brand links to its own profile.

BrandDescriptionWebsite
Gensol solar
Solar EPC, consultancy, and allied services are provided.gensolsolar.com
Gensol
Provider of solar advisory and execution servicesgensol.in

Business activity

The main business activity of Gensol Ventures is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activities

To see the full business activity and turnover split of Gensol Ventures Private Limited, buy the company report.

Financials of Gensol Ventures Private Limited

FY 2023 filings available

Gensol Ventures Private Limited reported revenue of ₹3.88 Cr (up 146% YoY) for FY 2023.

Revenue · FY 2023
₹3.88 Cr ▲ 146%
Net profit · FY 2023
₹11.46 Lakh margin 3%
EBITDA · FY 2023
₹2.69 Cr margin 69.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 146%
3 years · compounded
▼ 27%
5 years · compounded
▲ 31%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 51%
5 years · compounded
▲ 133%

Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 146% growth in the latest year. EBITDA fell 37% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹3.88 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹2.69 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹11.46 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin69.4%
Net Profit Margin3%
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

To see the full financial statements and ratios of Gensol Ventures Private Limited, buy the company report.

Board of directors of Gensol Ventures Private Limited

Gensol Ventures has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Puneet Singh Jaggi
Also directs: Capbridge Venture LLP, Param Wise LLP, Param Renewables LLP and 5 more
Director28 Mar 20179 Years 7 MonthsCurrent
Anmol Singh Jaggi
Also directs: Capbridge Venture LLP, Param Wise LLP, Param Renewables LLP and 5 more
Director06 Sep 20188 Years 2 MonthsCurrent
Akash Grover
Also directs: Inktop Publisher Private Limited
Additional Director04 Dec 20232 Years 11 MonthsCurrent
View all directors

Auditor

Gensol Ventures Private Limited is audited by Kamlesh Bhojani & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Kamlesh Bhojani & AssociatesFY 2023127505W

Shareholding

The shareholding of Gensol Ventures Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2022FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Gensol Ventures Private Limited, buy the company report.

Charges & borrowings

Open charges
₹875.1 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹875.10 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Dec 2024101029522Others₹25 CrOpen
01 Aug 2024100963558Others₹10 CrOpen
25 Apr 2024100939965Others₹5 CrOpen
25 Apr 2024100940019Others₹5 CrOpen
25 Apr 2024100940021Others₹13.5 CrOpen

To see the full charge records of Gensol Ventures Private Limited, buy the company report.

Total charge records: 14 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Gensol Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Gensol Ventures has 1 associated company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.

1
Associated companies

GST

Gensol Ventures has 3 GST registrations: 2 active and 1 cancelled or inactive.

Total GSTINs
3
Active
2
Cancelled / inactive
1
GSTINStateStatusRegistered on
24AAGCG7674K2Z4GujaratActive07 Jan 2021
07AAGCG7674K1Z1DelhiActive07 Jan 2021

To see the full GST registrations and return filing status of Gensol Ventures Private Limited, buy the company report.

Recent activity

Gensol Ventures Private Limited has 7 board changes on record since 2017: 3 appointments and 4 cessations. The latest: Akash Grover was appointed as Additional Director on 04 Dec 2023.

Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101029522 was registered on 19 Dec 2024.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100963558 was registered on 01 Aug 2024.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100939965 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100940019 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 13.50 Cr with Charge ID 100940021 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100940076 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100940077 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100940078 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 100940079 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 13.50 Cr with Charge ID 100940085 was registered on 25 Apr 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100893401 was registered on 28 Mar 2024.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100880296 was registered on 13 Feb 2024.

13 earlier events are in the company report.

News

Frequently asked questions

Gensol Ventures is an active private limited company based in Ahmedabad, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 28 March 2017 (9+ years old) and is registered under CIN U74999GJ2017PTC096539.

Gensol Ventures has 3 current directors:

The latest financial statements of Gensol Ventures on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.

The GSTIN of Gensol Ventures is 24AAGCG7674K2Z4, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 07AAGCG7674K1Z1 (Delhi).

The CIN (Corporate Identification Number) of Gensol Ventures is U74999GJ2017PTC096539. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Gensol Ventures has 24 court cases on record: 24 filed against it. 21 are pending. Most are in the district courts.

Gensol Ventures was incorporated on 28 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Akash Grover was appointed as Additional Director on 04 Dec 2023. Akash Grover ceased to be Director on 19 Sep 2022. Jasminder Kaur ceased to be Director on 24 Jun 2019. Gensol Ventures has 7 board changes on record in total.

Yes, Gensol Ventures is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0056972).

Gensol Ventures can be reached through the website gensolsolar.com. Its registered office is in Ahmedabad, Gujarat, India.