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:
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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), Chitra Naraniwal (Director), Chaitanya Agarwal (Director). Past directors included Chitwan Agarwal, Chitra Naraniwal, Chaitanya Agarwal. It holds ₹43.31 Cr open charges and ₹12.50 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Ground Floor- G-198 To 200, Riico 4Th Phase,, Bhilwara, Rajasthan, 311001.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

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 Metrics
  • Authorised Capital ₹ 8.00 Cr
  • Paid Up Capital ₹ 5.53 Cr
  • Company Age 8 Year, 2 Days
  • Last Filing with ROC 31 Mar 2025
  • 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

Comprehensive Company Insights

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
Name Designation Appointment Date Status
Chitwan Agarwal Whole-Time Director 13 Feb 2018 Current
Chitra Naraniwal Director 11 Mar 2025 Current
Chaitanya Agarwal Director 24 Nov 2020 Current
Kirti Agarwal Director 11 Mar 2025 Current
Vatsal Agarwal Director 03 May 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Managing Director 01 Jun 2022 Past
Pramod Abcsdd Director 24 Jan 2025 Past
Pramod Abcsdd Director 10 Mar 2025 Past
Pramod Abcsdd Director 24 Jan 2025 Past
Pramod Abcsdd Director 24 Jan 2025 Past
Pramod Abcsdd Additional Director 28 Sep 2020 Past

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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
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • 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
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 -32.69%
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*******
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Revenue from Operations
*******
 -32.61%
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*******
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Total Assets
*******
 -8.07%
*******
*******
*******
*******
Profit or Loss
*******
 -30.43%
*******
*******
*******
*******
Net Worth
*******
 14.60%
*******
*******
*******
*******
EBITDA
*******
 79.92%
*******
*******
*******
*******

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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 Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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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
Date Lender Amount Status
21 Apr 2025 Others ₹2.84 Cr Open
19 Mar 2025 Others ₹3.50 Cr Open
24 Oct 2024 Others ₹3.43 Cr Open
20 Sep 2023 Others ₹3.00 Cr Open
25 May 2023 Hdfc Bank Limited ₹3.48 M Open

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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 Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
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.

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Latest Updates, News, and FAQs on Gridfree Solar Energy
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Gridfree Solar Energy Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was documented.

  • Director Appointment

    Progress on Vatsal Agarwal was appointed as a Director was appointed as a Director on 03 May 2025 & has been associated with this company since 9 months 15 days . was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 2.84 Cr with Charge ID 101108271 was registered on 21 Apr 2025. was completed.

  • Balance Sheet

    Gridfree Solar Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur. was recorded as a recent event.

  • Charges

    The activity A charge with Others amounted to Rs. 3.50 Cr with Charge ID 101073078 was registered on 19 Mar 2025. was completed.

  • Director Appointment

    The activity Chitra Naraniwal was appointed as a Director was appointed as a Director on 11 Mar 2025 & has been associated with this company since 11 months 7 days . was completed.

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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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