G.L.E. India Solar Private Limited
About G.L.E. India Solar Private Limited
Data last updated:
G.L.E. India Solar Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ningbo Green Light Energy Co Ltd. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 24 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2018PTC100982. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹90.58 Lakh. It was formerly known as Nova Satus Resolutions Private Limited. It is led by directors Li Haoyi and Bansari Shaileshbhai Raja.
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 C – 01 The First Commercial Complex B/ S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.71 Lakh, a decline of 33% compared to the previous year. For the same year it recorded a net profit of ₹82,815 (net margin 10.7%) and EBITDA of ₹1.67 Lakh (EBITDA margin 21.7%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
CIN history
G.L.E. India Solar has one previous CIN (Corporate Identification Number): U91990GJ2018PTC100982. The current CIN is U29100GJ2018PTC100982, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100GJ2018PTC100982 | Current |
| U91990GJ2018PTC100982 | Previous |
Contact details
G.L.E. India Solar Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC – 01 The First Commercial Complex B/ S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of G.L.E. India Solar 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
Business activity
The main business activity of G.L.E. India Solar is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of G.L.E. India Solar Private Limited, buy the company report.
Financials of G.L.E. India Solar Private Limited
FY 2023 filings availableG.L.E. India Solar Private Limited reported revenue of ₹7.71 Lakh (down 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 42% over three years, including a 33% fall in the latest year. EBITDA fell 69% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹1.67 Lakh | ||||
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| Net Profit (PAT) | ₹82,815 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 21.7% | ||||
| Net Profit Margin | 10.7% | ||||
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To see the full financial statements and ratios of G.L.E. India Solar Private Limited, buy the company report.
Board of directors of G.L.E. India Solar Private Limited
G.L.E. India Solar has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bansari Shaileshbhai Raja | Additional Director | 02 Jun 2021 | 5 Years 4 Months | Current |
| Li Haoyi | Director | 04 Jan 2020 | 6 Years 9 Months | Current |
Auditor
G.L.E. India Solar Private Limited is audited by Pankaj Kumar J & Co. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pankaj Kumar J & Co. | FY 2021 | 147745W |
Shareholding
The shareholding of G.L.E. India Solar Private Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of G.L.E. India Solar Private Limited, buy the company report.
Legal cases
G.L.E. India Solar Private Limited has 1 court case on record: 1 filed by G.L.E. India Solar. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Bright Solar Limited | Disposed |
To see the full case history of G.L.E. India Solar 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 G.L.E. India Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
G.L.E. India Solar has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of G.L.E. India Solar Private Limited, buy the company report.
Recent activity
G.L.E. India Solar Private Limited has 8 board changes on record since 2018: 2 appointments and 6 cessations. The latest: Bansari Shaileshbhai Raja was appointed as Additional Director on 02 Jun 2021.
Frequently asked questions
G.L.E. India Solar is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 24 February 2018 (8+ years old) and is registered under CIN U29100GJ2018PTC100982.
G.L.E. India Solar has 2 current directors:
- Bansari Shaileshbhai Raja - Additional Director
- Li Haoyi - Director
The latest financial statements of G.L.E. India Solar 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 2018 are in the company report.
No. G.L.E. India Solar has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of G.L.E. India Solar is U29100GJ2018PTC100982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
G.L.E. India Solar has 1 court case on record: 1 filed by the company.
G.L.E. India Solar was incorporated on 24 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bansari Shaileshbhai Raja was appointed as Additional Director on 02 Jun 2021. Vipulbhai Ravjibhai Suhagia ceased to be Director on 31 Aug 2020. Abhishek Nirmal Jain ceased to be Director on 18 Feb 2020. G.L.E. India Solar has 8 board changes on record in total.
The registered office of G.L.E. India Solar is at C – 01 The First Commercial Complex B S Keshavbaug Party Plot Vastrapur, Ahmedabad, Gujarat, India – 380015.
G.L.E. India Solar operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
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