Gridfree Solar Energy Limited Company Logo

Gridfree Solar Energy Limited - Company Profile

It is a energy and power public limited company based in Bhilwara, Rajasthan, India, established in 2018.

2018 | Bhilwara, Rajasthan, India | Active
Last Updated:

About Gridfree Solar Energy Limited

Gridfree Solar Energy Limited, a active public limited company, was established on 13 February 2018 in Bhilwara, Rajasthan, India. Engaging in power epc within the trade sector, it holds CIN: U40108RJ2018PLC060220. Registered under ROC Roc Jaipur. it is unlisted. It has an authorized capital of ₹8.00 Cr and a paid-up capital of ₹5.53 Cr.

Employing 10 professional, Its leadership includes Chitwan Agarwal (Whole-Time Director), Chaitanya Agarwal (Director), Vatsal Agarwal (Director). Past directors included Chitwan Agarwal, Chitra Naraniwal, Kirti Agarwal. It holds ₹43.31 Cr open charges and ₹12.50 Cr settled loans. Its latest AGM occurred on 12 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ground Floor- G-198 To 200, Riico 4Th Phase,, Bhilwara, Rajasthan, 311001.

Company Details

  • CIN/LLPIN

    U40108RJ2018PLC060220

  • Registration Number

    060220

  • Incorporation Date

    13 February 2018

  • Authorized Capital

    ₹8.00 Cr

  • Paid-Up Capital

    ₹5.53 Cr

  • ROC Code

    Roc Jaipur

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Indicators

  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 5.53 Cr
  • Company Age 7 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 43.31 Cr
  • Satisfied Charges ₹ 12.50 Cr
  • Revenue Growth -32.69%
  • Profit Growth -30.43%
  • Ebitda 79.92%
  • Net Worth 14.60%
  • Total Assets -8.07%
Company report

Gridfree Solar Energy Limited

Company Report FY 2025-2026

Explore comprehensive insights into Gridfree Solar Energy Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Gridfree Solar Energy Limited?

Current Directors

NameDesignationAppointment DateStatus
Chitwan AgarwalWhole-Time Director13 Feb 2018Current
Chaitanya AgarwalDirector24 Nov 2020Current
Vatsal AgarwalDirector03 May 2025Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddManaging Director01 Jun 2022Past
Pramod AbcsddDirector24 Jan 2025Past
Pramod AbcsddDirector24 Jan 2025Past
Pramod AbcsddDirector24 Jan 2025Past
Pramod AbcsddAdditional Director28 Sep 2020Past
Pramod AbcsddAdditional Director14 Nov 2018Past

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Financial Performance of Gridfree Solar Energy.

Gridfree Solar Energy Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 32.69% decrease. The company also saw a substantial fall in profitability, with a 30.43% decrease in profit. The company's net worth Soared by an impressive increase of 14.6%.

Gridfree Solar Energy revenue growth over time
Gridfree Solar Energy profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-32.69%
Revenue from Operations
-32.61%
Total Assets
-8.07%
Profit or Loss
-30.43%
Net Worth
14.60%
EBITDA
79.92%

What is the Ownership and Shareholding Structure of Gridfree Solar Energy?

In 2023, Gridfree Solar Energy had a promoter holding of 90.84% and a public holding of 9.16%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

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Charges (Loans)

Open Charges

₹433,126,775.85

Satisfied Charges

₹125,000,000.00

Charges Breakdown by Lending Institutions

  • Others : 42.77 Cr
  • Hdfc Bank Limited : 0.54 Cr

Latest Charge Details

DateLenderAmountStatus
21 Apr 2025Others₹2.84 CrOpen
19 Mar 2025Others₹3.50 CrOpen
24 Oct 2024Others₹3.43 CrOpen
20 Sep 2023Others₹3.00 CrOpen
25 May 2023Hdfc Bank Limited₹3.48 MOpen

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How Many Employees Work at Gridfree Solar Energy?

Gridfree Solar Energy has a workforce of 10 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Gridfree Solar Energy Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gridfree Solar Energy, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Gridfree Solar Energy's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Gridfree Solar Energy

Recent Activity within the Organization

  • Director Appointment

    The activity Vatsal Agarwal was appointed as a Director was appointed as a Director on 03 May 2025 & has been associated with this company since 6 months 29 days . was completed.

  • Charges

    A charge with Others amounted to Rs. 2.84 Cr with Charge ID 101108271 was registered on 21 Apr 2025. was recorded as a recent event.

  • Charges

    Progress on A charge with Others amounted to Rs. 3.50 Cr with Charge ID 101073078 was registered on 19 Mar 2025. was documented.

  • Charges

    The activity A charge registered on 20 May 2022 via Charge ID 100591436 with Others was fully satisfied on 17 Dec 2024. was completed.

  • Charges

    Progress on A charge with Others amounted to Rs. 3.43 Cr with Charge ID 101000884 was registered on 24 Oct 2024. was documented.

  • Annual General Meeting

    Gridfree Solar Energy Limited last Annual general meeting of members was held on 12 Sep 2024 as per latest MCA records. was recorded as a recent event.

Frequently Asked Questions

  • What is the CIN of Gridfree Solar Energy Limited?

    The CIN of Gridfree Solar Energy Limited is U40108RJ2018PLC060220.

  • Where is Gridfree Solar Energy Limited headquartered?

    Gridfree Solar Energy Limited is headquartered at Ground Floor- G-198 To 200, Riico 4Th Phase,, Bhilwara, Rajasthan, 311001.

  • When was Gridfree Solar Energy Limited incorporated?

    Gridfree Solar Energy Limited was incorporated on 13 February 2018.

  • Who are the current directors of Gridfree Solar Energy Limited?

    The current directors of Gridfree Solar Energy Limited are

  • What is the primary industry of Gridfree Solar Energy Limited?

    The primary industry of Gridfree Solar Energy Limited is Trade.

  • Is Gridfree Solar Energy Limited a listed company?

    Gridfree Solar Energy Limited is unlisted.

  • What is the capital structure of Gridfree Solar Energy Limited?

    The authorized capital of Gridfree Solar Energy Limited is ₹8.00 Cr, and the paid-up capital is ₹5.53 Cr.

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