India's Richest People 2026 edition · 1 director · Source: Hurun India
- #590 Ishverbhai Dholakiya & family ₹5,700 Cr
Revenue · FY 2025
₹3,450.29 Cr
▲ 96% YoY
Net profit · FY 2025
₹145.94 Cr
Net margin 4.2%
EBITDA · FY 2025
₹321.97 Cr
EBITDA margin 9.3%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹1.7 Cr
Issued & subscribed
Open charges
₹2,344.97 Cr
Satisfied ₹137.32 Cr
Company age
15 yrs
Est. 2011
Employees · EPFO
106
Provident fund records
About Goldi Solar Private Limited
Data last updated:
Goldi Solar Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 23 February 2011 and has been in existence for over 15 years.
Its director Ishverbhai Dholakiya and family are #590 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2011PTC350073. Its GSTIN is 27AAECG1248F1ZU (Maharashtra). The company holds 8 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹1.7 Cr. It was formerly known as Goldi Green Technologies Private Limited. It is led by directors including Dhruv Ishverbhai Dholakiya and Ishverbhai Arjanbhai Dholakiya (Officer In Default).
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 706 Siddharth Nagar No – 04 Bldg. No – 14 – A Vlg Pahadi S.V. Road Goregaon West, Mumbai, Maharashtra, India – 400062.
As per the financials filed for FY 2025, the company reported a revenue of ₹3,450.29 Cr, a growth of 96% compared to the previous year. For the same year it recorded a net profit of ₹145.94 Cr (net margin 4.2%) and EBITDA of ₹321.97 Cr (EBITDA margin 9.3%). Revenue has grown at a compounded annual rate (CAGR) of 84% over three years and 54% over five years.
The company has about 106 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: GOLDI and Goldi Solar. As per MCA filings, the company has open charges of ₹2,344.97 Cr and satisfied charges of ₹137.32 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goldi.one.
Company details
CIN U40100MH2011PTC350073
Registration Number 350073
Incorporation Date 23 February 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Goldi Solar has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40100MH2011PTC350073, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40100MH2011PTC350073 | Current |
| U40100GJ2011PTC064163 | Previous |
| U40100MH2011PLC350073 | Previous |
Key People
Dhruv Ishverbhai Dholakiya Director Ishverbhai Arjanbhai Dholakiya Officer In Default Prag Kumar Bhatnagar Nominee Director Recognitions & Rankings of Goldi Solar
Contact details
Goldi Solar Private Limited's registered office is in Mumbai, Maharashtra. Its website is goldi.one. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address706 Siddharth Nagar No – 04 Bldg. No – 14 – A Vlg Pahadi S.V. Road Goregaon West, Mumbai, Maharashtra, India – 400062
- IndustryEnergy and Power, Power Equipment Manufacturers, Power EPC, BoP & BTG Services
To see the full contact details of Goldi Solar Private Limited, buy the company report.
Comprehensive company report
Goldi Solar 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
Goldi Solar operates two associated brands: GOLDI and Goldi Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar panel manufacturing, EPC services, and renewable energy solutions in India. | goldi.one | |
| Manufacturer of solar PV modules | goldisolar.com |
Business activity
The main business activity of Goldi Solar is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Goldi Solar Private Limited, buy the company report.
Financials of Goldi Solar Private Limited
FY 2025 filings availableGoldi Solar Private Limited reported revenue of ₹3,450.29 Cr (up 96% YoY) for FY 2025.
Revenue · FY 2025
₹3,450.29 Cr ▲ 96%
Net profit · FY 2025
₹145.94 Cr margin 4.2%
EBITDA · FY 2025
₹321.97 Cr margin 9.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 96%
3 years · compounded
▲ 84%
5 years · compounded
▲ 54%
EBITDA CAGR growth
1 year
▲ 154%
3 years · compounded
▲ 149%
5 years · compounded
▲ 68%
Revenue has grown at a compounded annual rate (CAGR) of 54% over five years, including 96% growth in the latest year. EBITDA rose 154% 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 2024-25 | 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 | ₹321.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹145.94 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | ||||
| Net Profit Margin | 4.2% | ||||
| 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 Goldi Solar Private Limited, buy the company report.
Board of directors of Goldi Solar Private Limited
Goldi Solar has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhruv Ishverbhai Dholakiya | Director | 20 Jul 2024 | 2 Years 3 Months | Current |
| Ishverbhai Arjanbhai Dholakiya | Officer In Default | 01 Mar 2025 | 1 Years 7 Months | Current |
| Prag Kumar Bhatnagar | Nominee Director | 18 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Goldi Solar Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eastman Auto & Power Limited | ₹3,681.22 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Livguard Energy Technologies Private Limited | ₹3,519.36 Cr (FY 2024) | -7.0% | Gurgaon, Haryana, India | |||
| Vikram Solar Limited | ₹3,459.53 Cr (FY 2025) | 37.0% | Kolkata, West Bengal, India | |||
| Goldi Solar Private Limitedthis company | ₹3,450.29 Cr (FY 2025) | ₹145.94 Cr | 4.2% | 96.0% | 106 | Mumbai, Maharashtra, India |
| Signify Innovations India Limited | ₹3,142.7 Cr (FY 2025) | 1.0% | Kolkata, West Bengal, India | |||
| Orient Electric Limited | ₹3,105.52 Cr (FY 2025) | 10.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Goldi Solar Private Limited, buy the company report.
Auditor
Goldi Solar Private Limited is audited by SNK& CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SNK& CO | FY 2024 | 109176W |
Shareholding
The shareholding of Goldi Solar Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goldi Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2,344.97 Cr
Satisfied charges
₹137.32 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2025 | 101157620 | Others | ₹95 Cr | Open | |
| 25 Mar 2025 | 101072512 | Others | ₹40 Cr | Open | |
| 04 Dec 2024 | 101012597 | Others | ₹40 Cr | Open | |
| 27 Nov 2024 | 101034181 | Others | ₹1,079 Cr | Open | |
| 17 Oct 2024 | 101000036 | Axis Bank Limited | ₹58 Cr | Open |
To see the full charge records of Goldi Solar Private Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Goldi Solar Private Limited has 10 court cases on record: 5 filed by Goldi Solar, 5 filed against it. 2 cases are pending and 8 are disposed.
Total cases
10
Filed by the company
5
Filed against the company
5
Pending
2
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 3 | 2 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Um Green Lighting Pvt Ltd and 3 others | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against Jupiter International Limited Having Its Registeres Office at- and 3 others | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by M/S Bharat Heavy Electricals Ltd., | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed by the company against Um Green Lighting Pvt Ltd and 3 others | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Shubham Goldiee Masale Private Limietd | Pending |
To see the full case history of Goldi 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.
Credit ratings & regulatory alerts
Goldi Solar Private Limited was last rated by Care on 11 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 11 Feb 2022 |
To see the full credit ratings and regulatory alerts of Goldi Solar Private Limited, buy the company report.
MSME payment delays
Goldi Solar Private Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 261 overdue payments to 48 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 48)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Nyalkaran Energy LLP | |||
| Unique Sun Power LLP | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Goldi Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Goldi Solar has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Goldi Sun Private Limited | U40100MH2020PTC396893 |
To see the full group structure of Goldi Solar Private Limited, buy the company report.
Employees & EPFO
Goldi Solar Private Limited has a workforce of 106 employees on its EPFO records as of Oct 13, 2025, across 1 active EPFO establishment.
Employee count
106
Active EPFO establishments
1
Employee growth
-65.36%
GST
Goldi Solar has 8 GST registrations: 6 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
8
Active
6
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECG1248F1ZU | Maharashtra | Active | 01 Jul 2017 |
| 09AAECG1248F1ZS | Uttar Pradesh | Active | 01 Jul 2017 |
| 24AAECG1248F1Z0 | Gujarat | Active | 01 Jul 2017 |
| 08AAECG1248F2ZT | Rajasthan | Active | 27 Oct 2023 |
To see the full GST registrations and return filing status of Goldi Solar Private Limited, buy the company report.
Recent activity
Goldi Solar Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Prag Kumar Bhatnagar was appointed as Nominee Director on 18 Sep 2025.
AGM
Goldi Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Appointed
Prag Kumar Bhatnagar was appointed as Nominee Director.
Charges
A charge with Axis Bank Limited of Rs. 58.00 Cr registered on 17 Oct 2024 with Charge ID 101000036 was modified on 08 Sep 2025.
Charges
A charge with Others amounted to Rs. 95.00 Cr with Charge ID 101157620 was registered on 26 Aug 2025.
Charges
A charge registered on 24 Sep 2024 via Charge ID 100984724 with Others was fully satisfied on 25 Aug 2025.
Charges
A charge with Others of Rs. 1,079.00 Cr registered on 27 Nov 2024 with Charge ID 101034181 was modified on 19 Jul 2025.
Charges
A charge registered on 22 Jul 2024 via Charge ID 100966777 with Others was fully satisfied on 11 Jul 2025.
Charges
A charge with Others of Rs. 191.65 Cr registered on 27 Feb 2012 with Charge ID 10342735 was modified on 20 May 2025.
Filing
Goldi Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101072512 was registered on 25 Mar 2025.
Charges
A charge with Others of Rs. 694.10 Cr registered on 29 Nov 2022 with Charge ID 100656573 was modified on 20 Mar 2025.
Ceased
Ishverbhai Arjanbhai Dholakiya ceased to be Director.
40 earlier events are in the company report.
News
Frequently asked questions
Goldi Solar is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 23 February 2011 (15+ years old) and is registered under CIN U40100MH2011PTC350073.
Goldi Solar has 3 current directors:
- Dhruv Ishverbhai Dholakiya - Director
- Prag Kumar Bhatnagar - Nominee Director
- Ishverbhai Arjanbhai Dholakiya - Officer In Default
The latest financial statements of Goldi Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Goldi Solar is 27AAECG1248F1ZU, registered in Maharashtra. The company has 8 GST registrations in all, of which 6 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAECG1248F1ZS (Uttar Pradesh), 24AAECG1248F1Z0 (Gujarat), 08AAECG1248F2ZT (Rajasthan).
The CIN (Corporate Identification Number) of Goldi Solar is U40100MH2011PTC350073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldi Solar has 10 court cases on record: 5 filed by the company and 5 filed against it. 2 are pending. Most are in the district courts.
Goldi Solar was incorporated on 23 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Goldi Solar by revenue are Eastman Auto & Power Limited, Livguard Energy Technologies Private Limited, Vikram Solar Limited, Signify Innovations India Limited, Orient Electric Limited, all in the Power industry (EPC, BoP and BTG, Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Prag Kumar Bhatnagar was appointed as Nominee Director on 18 Sep 2025. Ishverbhai Arjanbhai Dholakiya ceased to be Director on 11 Mar 2025. Ishverbhai Arjanbhai Dholakiya was appointed as Officer In Default on 01 Mar 2025. Goldi Solar has 8 board changes on record in total.
Goldi Solar has 13 MSME Form 1 returns on record between 2019 and 2024, listing 261 overdue payments to 48 micro and small suppliers. The latest return was filed on 11 Apr 2024.
Goldi Solar can be reached through the website goldi.one. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Goldi Solar is at 706 Siddharth Nagar No – 04 Bldg. No – 14 – A Vlg Pahadi S.V. Road Goregaon West, Mumbai, Maharashtra, India – 400062.