MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0080454
Goodwatts Solar Modasa Private Limited - environment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹80.41 Lakh
▼ 78% YoY
Net loss · FY 2025
₹3 Cr
Net margin -372.8%
EBITDA · FY 2025
-₹1.53 Cr
EBITDA margin -190.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.8 Cr
Issued & subscribed
Open charges
₹12 Cr
Satisfied ₹17.76 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
1
Provident fund records
About Goodwatts Solar Modasa Private Limited
Data last updated:
Goodwatts Solar Modasa Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Abellon Cleanenergy Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 27 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PTC093117. Its GSTIN is 24AAGCG4763R1ZZ (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.8 Cr. It is led by directors including Aditya Sushilkumar Handa and Bharat Vinodchandra Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 10th Floor Sangeeta Complex Near Parimal Crossing Elisbridge, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.41 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹3 Cr (net margin -372.8%) and EBITDA of -₹1.53 Cr (EBITDA margin -190.2%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 34% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12 Cr and satisfied charges of ₹17.76 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Goodwatts Solar Modasa Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0080454). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website abelloncleanenergy.com.
Company details
CIN U74999GJ2016PTC093117
Registration Number 093117
Incorporation Date 27 July 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Parent Company Abellon Cleanenergy Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0080454
Key People
Aditya Sushilkumar Handa Director Bharat Vinodchandra Shah Director Nilay Prahladbhai Choksi Director Recognitions & Rankings of Goodwatts Solar Modasa
Contact details
Goodwatts Solar Modasa Private Limited's registered office is in Ahmedabad, Gujarat. Its website is abelloncleanenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10th Floor Sangeeta Complex Near Parimal Crossing Elisbridge, Ahmedabad, Gujarat, India – 380006
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Goodwatts Solar Modasa Private Limited, buy the company report.
Comprehensive company report
Goodwatts Solar Modasa 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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Business activity
The main business activity of Goodwatts Solar Modasa is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Goodwatts Solar Modasa Private Limited, buy the company report.
Financials of Goodwatts Solar Modasa Private Limited
FY 2024 filings availableGoodwatts Solar Modasa Private Limited reported revenue of ₹80.41 Lakh (down 78% YoY) for FY 2025.
Revenue · FY 2025
₹80.41 Lakh ▼ 78%
Net loss · FY 2025
₹3 Cr margin -372.8%
EBITDA · FY 2025
-₹1.53 Cr margin -190.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 78%
3 years · compounded
▼ 48%
5 years · compounded
▼ 34%
EBITDA CAGR growth
1 year
▼ 201%
3 years · compounded
▼ 33%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 34% over five years, including a 78% fall in the latest year. EBITDA fell 201% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -190.2% | ||||
| Net Profit Margin | -372.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Goodwatts Solar Modasa Private Limited, buy the company report.
Board of directors of Goodwatts Solar Modasa Private Limited
Goodwatts Solar Modasa has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Sushilkumar Handa Also directs: Goodwork Consulting LLP, Goodfarms Calfcare LLP, Qbreeds Milk Private Limited and 5 more | Director | 27 Jul 2016 | 10 Years 3 Months | Current |
| Bharat Vinodchandra Shah Also directs: Abellon Waste Management Limited, Abellon Goodsteps Limited, Cygnus Laboratories Limited and 4 more | Director | 07 May 2021 | 5 Years 6 Months | Current |
| Nilay Prahladbhai Choksi | Director | 07 May 2021 | 5 Years 6 Months | Current |
Peer comparison
Goodwatts Solar Modasa Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| NRS Solar Energy Private Limited | ₹81.22 Lakh (FY 2025) | 63.0% | Dehradun, Uttarakhand, India | |||
| Solar Quest Projects Three Private Limited | ₹80.64 Lakh (FY 2025) | -7.0% | Ajmer, Rajasthan, India | |||
| Goodwatts Solar Modasa Private Limitedthis company | ₹80.41 Lakh (FY 2025) | -₹3 Cr | -372.8% | -78.0% | 1 | Ahmedabad, Gujarat, India |
| Avaada Sunbeam Energy Private Limited | ₹80.2 Lakh (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| KPR Green Energy Private Limited | ₹79.52 Lakh (FY 2024) | 70.0% | Erode, Tamil Nadu, India | |||
| K. M. Solar Private Limited | ₹79.09 Lakh (FY 2025) | -10.0% | Morbi, Gujarat, India |
To see the full peer comparison of Goodwatts Solar Modasa Private Limited, buy the company report.
Auditor
Goodwatts Solar Modasa Private Limited is audited by Shah & Shah Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah & Shah Associates | FY 2023 | 1137412w |
Shareholding
The shareholding of Goodwatts Solar Modasa Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goodwatts Solar Modasa Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12 Cr
Satisfied charges
₹17.76 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Dec 2022 | 100656612 | Others | ₹12 Cr | Open | |
| 26 Apr 2018 | 100181029 | State Bank of India | ₹17.76 Cr | Satisfied |
To see the full charge records of Goodwatts Solar Modasa Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Goodwatts Solar Modasa Private Limited has 2 court cases on record: 2 filed by Goodwatts Solar Modasa. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Appeal | Filed by the company against Uttar Gujarat Vij Company Ltd. and 1 other | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against Uttar Gujarat Vij Company Ltd. and 2 others | Disposed |
To see the full case history of Goodwatts Solar Modasa 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
Goodwatts Solar Modasa Private Limited was last rated by Brickwork on 13 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 13 Jan 2022 |
To see the full credit ratings and regulatory alerts of Goodwatts Solar Modasa Private Limited, buy the company report.
MSME payment delays
Goodwatts Solar Modasa Private Limited has 13 MSME Form 1 returns on record between 2018 and 2023, listing 27 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shah and Shah Associates | |||
| Mufg Intime India Private Limited | |||
| an individual supplier | |||
| Shree Vinayak Gases | |||
| Scorp Energy Private Limited |
To see the full MSME payment records of Goodwatts Solar Modasa Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Goodwatts Solar Modasa Private Limited has a workforce of 1 employees on its EPFO records as of Nov 2025, across 1 active EPFO establishment.
Employee count
1
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 1 |
| FY 2024-25 | |
| FY 2023-24 |
To see the full employee and EPFO history of Goodwatts Solar Modasa Private Limited, buy the company report.
GST
Goodwatts Solar Modasa has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCG4763R1ZZ | Gujarat | Active | 04 Apr 2019 |
To see the full GST registrations and return filing status of Goodwatts Solar Modasa Private Limited, buy the company report.
Recent activity
Goodwatts Solar Modasa Private Limited has 7 board changes on record since 2016: 3 appointments and 4 cessations. The latest: Bharat Vinodchandra Shah ceased to be Additional Director on 27 Sep 2021.
AGM
Goodwatts Solar Modasa Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Goodwatts Solar Modasa Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 12.00 Cr registered on 28 Dec 2022 with Charge ID 100656612 was modified on 12 Jun 2023.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 100656612 was registered on 28 Dec 2022.
Charges
A charge registered on 26 Apr 2018 via Charge ID 100181029 with State Bank Of India was fully satisfied on 26 Dec 2022.
Ceased
Bharat Vinodchandra Shah ceased to be Additional Director.
Ceased
Nilay Prahladbhai Choksi ceased to be Additional Director.
Appointed
Bharat Vinodchandra Shah was appointed as Director.
Ceased
Bimlesh Kumar Lalan Prasad Singh ceased to be Director.
Appointed
Nilay Prahladbhai Choksi was appointed as Director.
Ceased
Pankaj Kantibhai Patel ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 17.76 Cr with Charge ID 100181029 was registered on 26 Apr 2018.
2 earlier events are in the company report.
Frequently asked questions
Goodwatts Solar Modasa is an active private limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 27 July 2016 (10+ years old) and is registered under CIN U74999GJ2016PTC093117.
Goodwatts Solar Modasa has 3 current directors:
- Aditya Sushilkumar Handa - Director
- Bharat Vinodchandra Shah - Director
- Nilay Prahladbhai Choksi - Director
The latest financial statements of Goodwatts Solar Modasa on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Goodwatts Solar Modasa is 24AAGCG4763R1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Goodwatts Solar Modasa is U74999GJ2016PTC093117. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goodwatts Solar Modasa has 2 court cases on record: 2 filed by the company.
Goodwatts Solar Modasa was incorporated on 27 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Goodwatts Solar Modasa by revenue are NRS Solar Energy Private Limited, Solar Quest Projects Three Private Limited, Avaada Sunbeam Energy Private Limited, KPR Green Energy Private Limited, K. M. Solar Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Bharat Vinodchandra Shah ceased to be Additional Director on 27 Sep 2021. Nilay Prahladbhai Choksi ceased to be Additional Director on 27 Sep 2021. Bharat Vinodchandra Shah was appointed as Director on 07 May 2021. Goodwatts Solar Modasa has 7 board changes on record in total.
Yes, Goodwatts Solar Modasa is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0080454).
Goodwatts Solar Modasa has 13 MSME Form 1 returns on record between 2018 and 2023, listing 27 overdue payments to 5 micro and small suppliers. The latest return was filed on 21 Oct 2023.
Goodwatts Solar Modasa can be reached through the website abelloncleanenergy.com. Its registered office is in Ahmedabad, Gujarat, India.
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