About HHV Solar Technologies Limited
Data last updated:
HHV Solar Technologies Limited was a public limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Swelect Energy Systems Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 24 December 2007.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U31902TN2007PLC102951. The company has 4 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹27 Cr and a paid-up capital of ₹25.36 Cr. It was formerly known as Hhv Solar Technologies Private Limited. It was led by directors including Chellappan Gounder Ramasamy (Managing Director) and Natarajan Narayanaswami.
Its last annual general meeting (AGM) was held on 28 July 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Numeric House No.5 Sir P.S Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2016, the company reported a revenue of ₹85.12 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹9.72 Cr (net margin -11.4%) and EBITDA of -₹4.88 Cr (EBITDA margin -5.7%).
The company was associated with 1 brand: HHV Solar Technologies. As per MCA filings, the company had satisfied charges of ₹61.85 Cr on record. Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹72.47 Cr; the latest was in March 2016. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Lamco Industries Private Limited with revenue of ₹85.81 Cr.
The last known website on record is hhvsolar.com.
CIN History of HHV Solar Technologies Limited
HHV Solar Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31902TN2007PLC102951, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31902TN2007PLC102951 | Current |
| U31902KA2007PLC044766 | Previous |
| U31902KA2007PTC044766 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNumeric House No.5 Sir P.S Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
- One PDF report, delivered after checkout
Associated Brands with HHV Solar Technologies Limited
HHV Solar Technologies operates one associated brand: HHV Solar Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| PV modules are manufactured by HHV Solar Technologies in India. | hhvsolar.com |
Business Activity of HHV Solar Technologies Limited
The main business activity of HHV Solar Technologies is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of HHV Solar Technologies Limited FY 2016 filings available
HHV Solar Technologies Limited reported revenue of ₹85.12 Cr (down 19% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR) of HHV Solar Technologies Limited
Revenue fell 19% in the latest year. EBITDA fell 214% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of HHV Solar Technologies Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | -₹4.88 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | -₹9.72 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 of HHV Solar Technologies Limited
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -5.7% | •••• |
| Net Profit Margin | -11.4% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of HHV Solar Technologies are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of HHV Solar Technologies Limited
HHV Solar Technologies has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Natarajan Narayanaswami | Director | 21 Jan 2013 | 13 Years 8 Months | As last reported |
| Chellappan Gounder Ramasamy Also directs: Swelect Energy Systems Limited, Swelect Electronics Private Limited, Swelect Green Energy Solutions Private Limited and 5 more | Managing Director | 21 Jan 2013 | 13 Years 8 Months | As last reported |
| Muralidharan Arumbakkam | Director | 21 Jan 2013 | 13 Years 8 Months | As last reported |
Peer Comparison of HHV Solar Technologies Limited
HHV Solar Technologies Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lamco Industries Private Limited | ₹85.81 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Hyderabad, Telangana, India |
| Abxun Solar Private Limited | ₹85.74 Cr (FY 2024) | •••• | •••• | •••• | Bhopal, Madhya Pradesh, India | |
| Auxel FTG India Private Limited | ₹85.7 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Lift Controls Private Limited | ₹85.34 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | Goa, India |
| Defspace Technologies Private Limited | ₹85.31 Cr (FY 2025) | •••• | •••• | 308.0% | •••• | Navi Mumbai, Maharashtra, India |
| HHV Solar Technologies Limited this company | ₹85.12 Cr (FY 2016) | •••• | •••• | -19.0% | •••• | Chennai, Tamil Nadu, India |
| Sharda Diesels Private Limited | ₹85.03 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Ranchi, Jharkhand, India |
| Prima Private Limited | ₹84.58 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Pune, Maharashtra, India |
| Hexmoto Controls Private Limited | ₹84.3 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Mysore, Karnataka, India |
| GT Electronic (India) Private Limited | ₹84.29 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Vannur, Tamil Nadu, India |
| Amperehour Solar Technology Private Limited | ₹83.91 Cr (FY 2025) | •••• | •••• | 285.0% | •••• | Khed, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below HHV Solar Technologies by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of HHV Solar Technologies Limited
HHV Solar Technologies Limited is audited by S R BATLIBOI & ASSOCIATES LLP for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R BATLIBOI & ASSOCIATES LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of HHV Solar Technologies Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of HHV Solar Technologies Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 May 2009 | State Bank of India | ₹61.85 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of HHV Solar Technologies Limited
HHV Solar Technologies Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹72.47 Cr; the latest was in March 2016.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Swelect Energy Systems Limited Seller: Hind High Vaccum Co Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Swelect Energy Systems Limited Seller: Hind High Vaccum Co Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Swelect Energy Systems Limited , Swelect Energy Systems Limited & Chellappan Ramaswamy, Swelect Energy Systems Limited & Jayashree Nachiappan Seller: Hind High Vaccum Co Private Limited |
| Jan 2013 | Funding round | ₹10.86 Cr | Investors: Swelect Energy Systems Limited |
| Jun 2008 | Funding round | ₹30 Cr | Investors: SIDBI Ventures |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of HHV Solar Technologies Limited
HHV Solar Technologies Limited has 12 court cases on record: 11 filed by HHV Solar Technologies, 1 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 0 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Team Sustain Limited | Disposed |
| District court, Ernakulam, Kerala | Criminal case | Filed by the company against Team Sustain Limited | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by Saint-Gobain India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Team Sustain Limited | Disposed |
| Madras High Court | Company petition | Filed by the company | Disposed |
Full case history
All 12 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at HHV Solar Technologies Limited
Employment history and EPFO contributions of people linked to HHV Solar Technologies.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on HHV Solar Technologies Limited
HHV Solar Technologies Limited has 17 board changes on record since 2008: 3 appointments and 14 cessations. The latest: Prasanth Sakhamuri ceased to be Director on 31 Jul 2014.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for HHV Solar Technologies Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by HHV Solar Technologies Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of HHV Solar Technologies Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of HHV Solar Technologies Limited
HHV Solar Technologies has 4 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of HHV Solar Technologies Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about HHV Solar Technologies Limited
Frequently Asked Questions about HHV Solar Technologies Limited
HHV Solar Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
HHV Solar Technologies was a public limited company based in Chennai, Tamil Nadu, India. The company worked in power equipment manufacturers, within the energy and power industry. It was incorporated on 24 December 2007 and is registered under CIN U31902TN2007PLC102951. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
HHV Solar Technologies was incorporated on 24 December 2007. It is registered with the Registrar of Companies, Chennai.
HHV Solar Technologies had 3 directors:
- Chellappan Gounder Ramasamy - Managing Director
- Natarajan Narayanaswami - Director
- Muralidharan Arumbakkam - Director
The CIN (Corporate Identification Number) of HHV Solar Technologies is U31902TN2007PLC102951. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of HHV Solar Technologies is at Numeric House No.5 Sir P.S Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
HHV Solar Technologies can be reached through the website hhvsolar.com. Its registered office is in Chennai, Tamil Nadu, India.
HHV Solar Technologies reported revenue of ₹85.12 Cr for FY 2016 (down 19% YoY).
HHV Solar Technologies has an authorised share capital of ₹27 Cr and a paid-up capital of ₹25.36 Cr.
HHV Solar Technologies reported a net loss of ₹9.72 Cr (net margin -11.4%) and EBITDA of -₹4.88 Cr (EBITDA margin -5.7%) for FY 2016, as per its filed financial statements.
No. HHV Solar Technologies has 4 GST registrations on record and all of them are cancelled or inactive.