MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-KL-12-0014168
Hivesolar Energy Private Limited - consumer electronics & durables in Thiruvananthapuram, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹92.77 Cr
▲ 116% YoY
Net profit · FY 2024
₹69.05 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹1.08 Cr
EBITDA margin 1.2%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹4.99 Cr
Secured borrowings
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
About Hivesolar Energy Private Limited
Data last updated:
Hivesolar Energy Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 16 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51909KL2016PTC045791. Its GSTIN is 32AADCH8681E1ZM (Kerala). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Sivaramakrishnan Veerasubramonia Sarma and Gopalakrishnan.
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 T.C. 4/1711 No: 6 Belhaven Gardens Kaudiar, Thiruvananthapuram, Kerala, India – 695003.
As per the financials filed for FY 2024, the company reported a revenue of ₹92.77 Cr, a growth of 116% compared to the previous year. For the same year it recorded a net profit of ₹69.05 Lakh (net margin 0.7%) and EBITDA of ₹1.08 Cr (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 106% over five years.
The company is associated with 2 brands: Hive Solar and Hivesolar Energy. As per MCA filings, the company has open charges of ₹4.99 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.
Hivesolar Energy Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-12-0014168). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hivesolarenergy.com.
Company details
CIN U51909KL2016PTC045791
Registration Number 045791
Incorporation Date 16 May 2016
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-12-0014168
Key People
Sivaramakrishnan Veerasubramonia Sarma Director Gopalakrishnan Director Sivaramakrishnan Aswin Director Recognitions & Rankings of Hivesolar Energy
Contact details
Hivesolar Energy Private Limited's registered office is in Thiruvananthapuram, Kerala. Its website is hivesolarenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressT.C. 4/1711 No: 6 Belhaven Gardens Kaudiar, Thiruvananthapuram, Kerala, India – 695003
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Hivesolar Energy Private Limited, buy the company report.
Comprehensive company report
Hivesolar Energy Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Hivesolar Energy operates two associated brands: Hive Solar and Hivesolar Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sells solar panels, inverters, batteries, and offers installation services. | hivesolar.com | |
| Solar products distribution and dealer networks in South India. | hivesolarenergy.com |
Business activity
The main business activity of Hivesolar Energy is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Hivesolar Energy Private Limited, buy the company report.
Financials of Hivesolar Energy Private Limited
FY 2024 filings availableHivesolar Energy Private Limited reported revenue of ₹92.77 Cr (up 116% YoY) for FY 2024.
Revenue · FY 2024
₹92.77 Cr ▲ 116%
Net profit · FY 2024
₹69.05 Lakh margin 0.7%
EBITDA · FY 2024
₹1.08 Cr margin 1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 116%
3 years · compounded
▲ 72%
5 years · compounded
▲ 106%
EBITDA CAGR growth
1 year
▲ 157%
3 years · compounded
▲ 30%
5 years · compounded
▲ 122%
Revenue has grown at a compounded annual rate (CAGR) of 106% over five years, including 116% growth in the latest year. EBITDA rose 157% 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 | ₹1.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.05 Lakh | ||||
| 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 | 1.2% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Hivesolar Energy Private Limited, buy the company report.
Board of directors of Hivesolar Energy Private Limited
Hivesolar Energy has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sivaramakrishnan Veerasubramonia Sarma Also directs: Navaloka Estate Holdings LLP | Director | 16 May 2016 | 10 Years 5 Months | Current |
| Gopalakrishnan Also directs: Southern Power Source Private Limited | Director | 25 Mar 2022 | 4 Years 7 Months | Current |
| Sivaramakrishnan Aswin Also directs: Southern Power Source Private Limited | Director | 25 Mar 2022 | 4 Years 7 Months | Current |
Auditor
Hivesolar Energy Private Limited is audited by K Rangamani And Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K Rangamani And Associates LLP | FY 2023 | S200078 |
Shareholding
The shareholding of Hivesolar 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 Hivesolar Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.99 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2024 | 100964027 | Others | ₹4.99 Cr | Open |
Total charge records: 1 View all charges
Legal cases
Hivesolar Energy Private Limited has 2 court cases on record: 2 filed by Hivesolar Energy. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
2
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against The State of Kerala , and 4 others | Pending |
| High Court | Court case (Con.Case(C)) | Filed by the company against individuals | Disposed |
To see the full case history of Hivesolar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hivesolar Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Hivesolar Energy has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCH8681E1ZM | Kerala | Active | 01 Jul 2017 |
| 29AADCH8681E1Z9 | Karnataka | Active | 08 Jan 2020 |
| 33AADCH8681E1ZK | Tamil Nadu | Active | 19 Jul 2021 |
To see the full GST registrations and return filing status of Hivesolar Energy Private Limited, buy the company report.
Recent activity
Hivesolar Energy Private Limited has 6 board changes on record since 2016: 3 appointments and 3 cessations. The latest: Gopalakrishnan ceased to be Additional Director on 30 Sep 2022.
AGM
Hivesolar Energy Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 499.00 Lakh with Charge ID 100964027 was registered on 27 Jun 2024.
Filing
Hivesolar Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Ceased
Gopalakrishnan ceased to be Additional Director.
Ceased
Sivaramakrishnan Aswin ceased to be Additional Director.
Appointed
Gopalakrishnan was appointed as Director.
Ceased
Sajay Kumar Sahadevan ceased to be Director.
Appointed
Sivaramakrishnan Aswin was appointed as Director.
Appointed
Sivaramakrishnan Veerasubramonia Sarma was appointed as Director.
Incorporation
16 May 2016
Hivesolar Energy Private Limited was registered on 16 May 2016 with Roc Ernakulam & aged 10 years 5 months as per MCA records.
Frequently asked questions
Hivesolar Energy is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 16 May 2016 (10+ years old) and is registered under CIN U51909KL2016PTC045791.
Hivesolar Energy has 3 current directors:
- Sivaramakrishnan Veerasubramonia Sarma - Director
- Gopalakrishnan - Director
- Sivaramakrishnan Aswin - Director
The latest financial statements of Hivesolar Energy 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 2017 are in the company report.
The GSTIN of Hivesolar Energy is 32AADCH8681E1ZM, registered in Kerala. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AADCH8681E1Z9 (Karnataka), 33AADCH8681E1ZK (Tamil Nadu).
The CIN (Corporate Identification Number) of Hivesolar Energy is U51909KL2016PTC045791. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hivesolar Energy has 2 court cases on record: 2 filed by the company. 1 is pending.
Hivesolar Energy was incorporated on 16 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ernakulam.
Gopalakrishnan ceased to be Additional Director on 30 Sep 2022. Sivaramakrishnan Aswin ceased to be Additional Director on 30 Sep 2022. Gopalakrishnan was appointed as Director on 25 Mar 2022. Hivesolar Energy has 6 board changes on record in total.
Yes, Hivesolar Energy is registered as a small enterprise under Udyam registration (number: UDYAM-KL-12-0014168).
Hivesolar Energy can be reached through the website hivesolarenergy.com. Its registered office is in Thiruvananthapuram, Kerala, India.
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages