About Hero Solar Energy Private Limited
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Hero Solar Energy Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Hero Future Energies Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 09 April 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2013PTC250501. Its GSTIN is 07AADCH1476P1Z5 (Delhi). The company holds 15 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹2,800 Cr and a paid-up capital of ₹645.44 Cr. It is led by directors Benjamin Paul Fraser and Anuj Agarwal.
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 Plot No. 201 Ground Floor Okhla Industrial Estate, Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.1 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹41.36 Cr (net margin -43.5%) and EBITDA of ₹143.83 Cr (EBITDA margin 151.2%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 13% over five years.
The company has about 28 employees on its provident fund (EPFO) records. Its group structure includes 17 subsidiaries.
The company is associated with 1 brand: Hero Future Energies. As per MCA filings, the company has open charges of ₹12,434 Cr and satisfied charges of ₹14,112 Cr on record. Court records list 26 cases involving the company, including 10 filed by the company and 16 filed against it; 10 cases are pending. The company has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 debt financing), with disclosed funding of ₹766.59 Cr; the latest was in August 2024. Its 6 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is JSW Adarsh Power Private Limited with revenue of ₹98.14 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 53 overdue payments to 24 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website herofutureenergies.com.
Company details
Contact details
Hero Solar Energy Private Limited's registered office is in New Delhi, Delhi. Its website is herofutureenergies.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 201 Ground Floor Okhla Industrial Estate, Phase – III, New Delhi, Delhi, India – 110020
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Hero Solar Energy 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
Brands
Hero Solar Energy operates one associated brand: Hero Future Energies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Renewable energy projects are developed for utility-scale and commercial use. | herofutureenergies.com |
Business activity
The main business activity of Hero Solar Energy 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 Hero Solar Energy Private Limited, buy the company report.
Financials of Hero Solar Energy Private Limited
FY 2025 filings availableHero Solar Energy Private Limited reported revenue of ₹95.1 Cr (down 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 39% fall in the latest year. EBITDA rose 52% 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 |
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| EBITDA | ₹143.83 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹41.36 Cr | ||||
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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 | 151.2% | ||||
| Net Profit Margin | -43.5% | ||||
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To see the full financial statements and ratios of Hero Solar Energy Private Limited, buy the company report.
Board of directors of Hero Solar Energy Private Limited
Hero Solar Energy has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Benjamin Paul Fraser | Director | 11 Oct 2022 | 4 Years 0 Months | Current |
| Anuj Agarwal | Director | 05 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Hero Solar Energy Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| JSW Adarsh Power Private Limited | ₹98.14 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Sprng Transform Sun Energy Private Limited | ₹97.74 Cr (FY 2025) | -10.0% | New Delhi, Delhi, India | |||
| Poolavadi Windfarm Limited | ₹97.1 Cr (FY 2025) | 85.0% | Mumbai, Maharashtra, India | |||
| Hero Solar Energy Private Limitedthis company | ₹95.1 Cr (FY 2025) | -₹41.36 Cr | -43.5% | -39.0% | 28 | New Delhi, Delhi, India |
| Clean Wind Power (Manvi) Private Limited | ₹93.24 Cr (FY 2024) | 11.0% | New Delhi, Delhi, India | |||
| Sei Adhavan Power Private Limited | ₹91.4 Cr (FY 2025) | 28.0% | Hyderabad, Telangana, India | |||
| Atria Solar Power (Chamarajanagar) Private Limited | ₹91.39 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Hero Solar Energy Private Limited, buy the company report.
Auditor
Hero Solar Energy Private Limited is audited by S.R. Batliboi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Hero Solar Energy 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 Hero Solar Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Nov 2025 | 101202290 | Others | ₹1,431.97 Cr | Open | |
| 12 Sep 2025 | 101156848 | Sbicap Trustee Company Limited | ₹1,958 Cr | Open | |
| 30 Jul 2025 | 101132341 | Others | ₹200 Cr | Open | |
| 28 Jul 2025 | 101142458 | Others | ₹2,399.75 Cr | Open | |
| 25 Jul 2025 | 101134066 | Sbicap Trustee Company Limited | ₹1,083 Cr | Open |
To see the full charge records of Hero Solar Energy Private Limited, buy the company report.
Total charge records: 98 View all charges
Deals & funding
Hero Solar Energy Private Limited has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 debt financing), with disclosed funding of ₹766.59 Cr; the latest was in August 2024.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2024 | Funding round | ₹166.2 Cr | Investors: Hero Future Energies Private Limited |
| Mar 2021 | Debt financing | ₹12.19 Cr | Investors: O2 Power SG Pte Limited |
| Jan 2020 | Funding round | ₹454.94 Cr | Investors: Hero Future Energies Private Limited |
| Sep 2013 | Funding round | ₹49.76 Cr | Investors: Hero Future Energies Private Limited |
To see the full deal history of Hero Solar Energy Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hero Solar Energy Private Limited has 26 court cases on record: 10 filed by Hero Solar Energy, 16 filed against it. 10 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 7 | 6 |
| District courts | 6 | 4 | 0 |
| NCLAT | 4 | 4 | 3 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (O.M.P. (E) (COMM.)) | Filed against the company by Inca Ventures Pvt. Ltd Erstwhile Inca Hammock Manufacturing and Export Pvt. Ltd. and 1 other | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by National Textile Corporation Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by R.A.P. Garments Pvt. Ltd. and 1 other | Pending |
| Supreme Court | Court case (0411-Indirect Taxes Matters : Classification under the Indian Tariff Act, 1934 & Customs Tariff Act, 1975) | Filed against the company by M/S Jupiter Solar Power Limited Village Katha, Post Office Baddi, Teh. Nalagarh , District: Solan , , Himachal Pradesh | Pending |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Inca Ventures Pvt Ltd | Disposed |
To see the full case history of Hero Solar Energy 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
Hero Solar Energy Private Limited was last rated by Crisil on 17 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Nov 2020 |
To see the full credit ratings and regulatory alerts of Hero Solar Energy Private Limited, buy the company report.
MSME payment delays
Hero Solar Energy Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 53 overdue payments to 24 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 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vivaan Operations Private Limited | |||
| Skil Travel Private Limited | |||
| Meera Corporation | |||
| an individual supplier | |||
| Voltech O and M Services Private Limited |
To see the full MSME payment records of Hero Solar Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Hero Solar Energy has 17 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 |
|---|---|---|
| Clean Solar Power (Gulbarga) Private Limited | U40100DL2016PTC303003 | |
| Rajkot (Gujarat) Solar Energy Private Limited | U40101DL2013PTC261607 | |
| Clean Solar Power (Tumkur) Private Limited | U40101DL2016PTC298461 | |
| Clean Solar Power (Chitradurga) Private Limited | U40106DL2013PTC255428 | |
| Clean Solar Power (Bhadla) Private Limited | U40106DL2016PTC298528 | |
| Clean Solar Power (Jaipur) Private Limited | U40106DL2016PTC298661 |
To see the full group structure of Hero Solar Energy Private Limited, buy the company report.
Employees & EPFO
Hero Solar Energy Private Limited has a workforce of 28 employees on its EPFO records as of Mar 20, 2024, across 1 active EPFO establishment.
GST
Hero Solar Energy has 15 GST registrations: 11 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCH1476P1Z5 | Delhi | Active | 01 Jul 2017 |
| 04AADCH1476P1ZB | Chandigarh | Active | 01 Jul 2017 |
| 06AADCH1476P1Z7 | Haryana | Active | 01 Jul 2017 |
| 08AADCH1476P1Z3 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hero Solar Energy Private Limited, buy the company report.
Recent activity
Hero Solar Energy Private Limited has 14 board changes on record since 2015: 4 appointments and 10 cessations. The latest: Benjamin Paul Fraser ceased to be Additional Director on 29 Sep 2023.
197 earlier events are in the company report.
News
Frequently asked questions
Hero Solar Energy is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 09 April 2013 (13+ years old) and is registered under CIN U40106DL2013PTC250501.
Hero Solar Energy has 2 current directors:
- Benjamin Paul Fraser - Director
- Anuj Agarwal - Director
The latest financial statements of Hero Solar Energy 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 Hero Solar Energy is 07AADCH1476P1Z5, registered in Delhi. The company has 15 GST registrations in all, of which 11 are active and 4 are cancelled or inactive. Other active GSTINs include 04AADCH1476P1ZB (Chandigarh), 06AADCH1476P1Z7 (Haryana), 08AADCH1476P1Z3 (Rajasthan).
The CIN (Corporate Identification Number) of Hero Solar Energy is U40106DL2013PTC250501. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hero Solar Energy has 26 court cases on record: 10 filed by the company and 16 filed against it. 10 are pending. Most are in the high courts.
Hero Solar Energy was incorporated on 09 April 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Hero Solar Energy has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 debt financing), with disclosed funding of ₹766.59 Cr; the latest was in August 2024.
The peers of Hero Solar Energy by revenue are JSW Adarsh Power Private Limited, Sprng Transform Sun Energy Private Limited, Poolavadi Windfarm Limited, Clean Wind Power (Manvi) Private Limited, Sei Adhavan Power Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Benjamin Paul Fraser ceased to be Additional Director on 29 Sep 2023. Mayur Maheshwari ceased to be Additional Director on 29 Sep 2023. Sumit Kumar Roy ceased to be Additional Director on 29 Sep 2023. Hero Solar Energy has 14 board changes on record in total.
Hero Solar Energy has 10 MSME Form 1 returns on record between 2019 and 2024, listing 53 overdue payments to 24 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Hero Solar Energy can be reached through the website herofutureenergies.com. Its registered office is in New Delhi, Delhi, India.
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