About Greenergy Solar Enterprise Private Limited
Data last updated:
Greenergy Solar Enterprise Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Greenergy Wind Corporation Private Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 21 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40300KA2015PTC083599. Its GSTIN is 29AAGCG1551K1ZF (Karnataka).
The company has an authorised share capital of ₹61 Lakh and a paid-up capital of ₹51.75 Lakh. It is led by directors including Syed Fahad (Managing Director) and Syed Abdul Ahad.
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 Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.16 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹3.59 Cr (net margin -9.7%) and EBITDA of ₹33.42 Cr (EBITDA margin 89.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 32% over five years.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹232.29 Cr and satisfied charges of ₹162.22 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 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 greenergycorp.in.
Company details
Contact details
Greenergy Solar Enterprise Private Limited's registered office is in Bengaluru, Karnataka. Its website is greenergycorp.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo. 324 Golden Point 4 1st Floor Off Queens Road Cross Vasant, H Nagar, Bengaluru, Karnataka, India – 560052
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Greenergy Solar Enterprise 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 Greenergy Solar Enterprise 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 Greenergy Solar Enterprise Private Limited, buy the company report.
Financials of Greenergy Solar Enterprise Private Limited
FY 2024 filings availableGreenergy Solar Enterprise Private Limited reported revenue of ₹37.16 Cr (down 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 32%. EBITDA fell 10% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹33.42 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.59 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 89.9% | ||||
| Net Profit Margin | -9.7% | ||||
| 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 Greenergy Solar Enterprise Private Limited, buy the company report.
Board of directors of Greenergy Solar Enterprise Private Limited
Greenergy Solar Enterprise has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Syed Fahad Also directs: Westwind Food Processing Private Limited, Daizy Agrotech Pvt Ltd, Greenergy Eco Ethanol Private Limited and 5 more | Managing Director | 21 Oct 2015 | 11 Years 0 Months | Current |
| Syed Abdul Ahad Also directs: Westwind Food Processing Private Limited, Greenergy Eco Ethanol Private Limited, Pureblue Healthcare Private Limited and 5 more | Director | 03 Nov 2020 | 6 Years 0 Months | Current |
| Syed Mustafa Kamalpasha Also directs: Westwind Food Processing Private Limited, Daizy Agrotech Pvt Ltd, Nelamangala Fresh Farms Private Limited and 5 more | Director | 21 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Greenergy Solar Enterprise Private Limited is compared with the 9 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 |
|---|---|---|---|---|---|---|
| Aditya Birla Renewables SPV 1 Limited | ₹37.49 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Acme Solar Technologies (Gujarat) Private Limited | ₹37.4 Cr (FY 2025) | -2.0% | Gurgaon, Haryana, India | |||
| JBM Solar Power Maharashtra Private Limited | ₹37.32 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| Green Infra Solar Farms Private Limited | ₹37.3 Cr (FY 2025) | 0.0% | Gurgaon, Haryana, India | |||
| Azure Power Makemake Private Limited | ₹37.25 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Greenergy Solar Enterprise Private Limitedthis company | ₹37.16 Cr (FY 2024) | -₹3.59 Cr | -9.7% | -14.0% | Bengaluru, Karnataka, India | |
| Clean Max Photovoltaic Private Limited | ₹37 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Sei Suryashakti Power Private Limited | ₹36.82 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Azure Power Jupiter Private Limited | ₹36.78 Cr (FY 2025) | 0.0% | New Delhi, Delhi, India | |||
| Tasoula Energy Private Limited | ₹36.74 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Greenergy Solar Enterprise Private Limited, buy the company report.
Auditor
Greenergy Solar Enterprise Private Limited is audited by M K P S & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M K P S & ASSOCIATES | FY 2023 | 302014E |
Shareholding
The shareholding of Greenergy Solar Enterprise Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Greenergy Solar Enterprise Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2022 | 100659966 | Others | ₹110 Cr | Open | |
| 25 Mar 2022 | 100561897 | Others | ₹67.49 Cr | Open | |
| 03 Jan 2022 | 100520726 | Others | ₹54.8 Cr | Open | |
| 10 Nov 2020 | 100399414 | Others | ₹30 Cr | Satisfied | |
| 07 Oct 2020 | 100394004 | Others | ₹1.6 Cr | Satisfied |
To see the full charge records of Greenergy Solar Enterprise Private Limited, buy the company report.
Total charge records: 11 View all charges
Legal cases
Greenergy Solar Enterprise Private Limited has 3 court cases on record: 2 filed by Greenergy Solar Enterprise, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Konark Power Project Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| District court, CHIKKABALLAPUR, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of Greenergy Solar Enterprise 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 Greenergy Solar Enterprise Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Greenergy Solar Enterprise has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Blueberry Farms Private Limited | U01111DL2010PTC210360 | |
| Rishabh Renewable Renergy Private Limited | U40106DL2020PTC374015 | |
| Rishabh Renergy Private Limited | U40300DL2014PTC266274 | |
| Concrete Genie Realty Private Limited | U70100KA2019PTC121820 |
To see the full group structure of Greenergy Solar Enterprise Private Limited, buy the company report.
GST
Greenergy Solar Enterprise has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCG1551K1ZF | Karnataka | Active | 07 Oct 2017 |
To see the full GST registrations and return filing status of Greenergy Solar Enterprise Private Limited, buy the company report.
Recent activity
Greenergy Solar Enterprise Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Syed Abdul Ahad was appointed as Director on 03 Nov 2020.
17 earlier events are in the company report.
Frequently asked questions
Greenergy Solar Enterprise is an active private limited company based in Bengaluru, Karnataka, India. The company works in electric power generation, within the energy industry. It was incorporated on 21 October 2015 (11+ years old) and is registered under CIN U40300KA2015PTC083599.
Greenergy Solar Enterprise has 3 current directors:
- Syed Fahad - Managing Director
- Syed Abdul Ahad - Director
- Syed Mustafa Kamalpasha - Director
The latest financial statements of Greenergy Solar Enterprise 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 2016 are in the company report.
The GSTIN of Greenergy Solar Enterprise is 29AAGCG1551K1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Greenergy Solar Enterprise is U40300KA2015PTC083599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greenergy Solar Enterprise has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Greenergy Solar Enterprise was incorporated on 21 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Greenergy Solar Enterprise by revenue are Aditya Birla Renewables SPV 1 Limited, Acme Solar Technologies (Gujarat) Private Limited, JBM Solar Power Maharashtra Private Limited, Green Infra Solar Farms Private Limited, Azure Power Makemake Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Syed Abdul Ahad was appointed as Director on 03 Nov 2020. Sara Kamal ceased to be Director on 24 Oct 2020. Syed Abdul Ahad ceased to be Director on 24 Oct 2020. Greenergy Solar Enterprise has 5 board changes on record in total.
Greenergy Solar Enterprise can be reached through the website greenergycorp.in. Its registered office is in Bengaluru, Karnataka, India.
The registered office of Greenergy Solar Enterprise is at No. 324 Golden Point 4 1st Floor Off Queens Road Cross Vasant, H Nagar, Bengaluru, Karnataka, India – 560052.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
