About HVR Solar Limited
Data last updated:
HVR Solar Limited is a public limited company based in Delhi, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 24 February 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900DL2016PLC291628. Its GSTIN is 07AADCH8145F1ZM (Delhi). The company holds 5 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹11 Cr. It was formerly known as Hvr Solar Private Limited. It is led by directors including Veena Aggarwal and Sagar Sachdev.
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 Unit No. 611 – 612 Pearl Omaxe Tower, Netaji Subhash Place Pitampura, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹101.37 Cr, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹7 Cr (net margin 6.9%) and EBITDA of ₹13.32 Cr (EBITDA margin 13.1%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 39% over five years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HVR Solar. As per MCA filings, the company has open charges of ₹60.15 Cr and satisfied charges of ₹35.84 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hvrsolar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 611 – 612 Pearl Omaxe Tower, Netaji Subhash Place Pitampura, Delhi, India – 110034
- IndustryEnergy and Power, Power EPC, BoP & BTG Services, 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
Business Activity of HVR Solar Limited
The main business activity of HVR Solar 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 HVR Solar Limited FY 2025 filings available
HVR Solar Limited reported revenue of ₹101.37 Cr (up 53% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of HVR Solar Limited
Revenue has grown at a compounded annual rate (CAGR) of 39% over five years, including 53% growth in the latest year. EBITDA rose 75% 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 of HVR Solar Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹101.37 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹13.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7 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 HVR Solar Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.9% | •••• | •••• | •••• | •••• |
| 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 HVR Solar are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of HVR Solar Limited
HVR Solar Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG, 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 |
|---|---|---|---|---|---|---|
| Vidyut Technologies (India) Private Limited | ₹102.22 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Hyderabad, Telangana, India |
| Anvil Electricals Private Limited | ₹102.05 Cr (FY 2024) | •••• | •••• | 65.0% | •••• | Kolkata, West Bengal, India |
| Axis Energy Ventures India Private Limited | ₹102.01 Cr (FY 2025) | •••• | •••• | 91.0% | •••• | Hyderabad, Telangana, India |
| Mecpower Solutions Limited | ₹101.61 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Vadodara, Gujarat, India |
| Gridfree Solar Energy Limited | ₹101.44 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Bhilwara, Rajasthan, India |
| HVR Solar Limited this company | ₹101.37 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Delhi, India |
| Soleos Energy Private Limited | ₹101.37 Cr (FY 2024) | •••• | •••• | 80.0% | •••• | Ahmedabad, Gujarat, India |
| Nexsun Energy Private Limited | ₹101.3 Cr (FY 2023) | •••• | •••• | 65.0% | •••• | Coimbatore, Tamil Nadu, India |
| Skipperseil Limited | ₹100.98 Cr (FY 2025) | •••• | •••• | -25.0% | •••• | Gurgaon, Haryana, India |
| B.Srinivasa Rao Power Constructions Private Limited | ₹100.91 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Telangana, India |
| Formoplastic Controls Private Limited | ₹100.71 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below HVR Solar by revenue in the Power industry (EPC, BoP and BTG, 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 HVR Solar Limited
HVR Solar Limited is audited by SERVA ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SERVA ASSOCIATES | 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.
Board of Directors of HVR Solar Limited
HVR Solar has 7 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veena Aggarwal Also directs: Arnav Metalworks LLP | Director | 01 Aug 2018 | 8 Years 2 Months | Current |
| Shweta Chauhan Also directs: Futuriste Digimedia LLP | Additional Director | 05 Aug 2026 | 0 Years 2 Months | Current |
| Sagar Sachdev Also directs: Saur Kraanti Technologies LLP, Olimpio Digilabs LLP, HVR Photonics Private Limited and 4 more | Director | 12 May 2023 | 3 Years 4 Months | Current |
| Rahul Goel Also directs: Grow Legal LLP | Additional Director | 18 Aug 2026 | 0 Years 1 Months | Current |
| Rishabh Aggarwal Also directs: Saur Kraanti Technologies LLP, HVR Photonics Private Limited, HVR Ecoinfra Spv-1 Private Limited and 3 more | Director | 24 Feb 2016 | 10 Years 7 Months | Current |
| Deepak Kumar Gupta Also directs: Lawgical Adda Private Limited | Additional Director | 18 Aug 2026 | 0 Years 1 Months | Current |
Ownership and Shareholding of HVR Solar 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 HVR Solar Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jun 2026 | Others | ₹2.1 Cr | Open |
| 27 Jan 2026 | Others | ₹7.48 Cr | Open |
| 12 Dec 2025 | State Bank of India | ₹25.7 Cr | Open |
| 19 Nov 2025 | Others | ₹6 Cr | Open |
| 15 May 2025 | Others | ₹1.5 Cr | Open |
Total charge records: 16 View all charges
MSME Payment Delays by HVR Solar Limited
HVR Solar Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 77 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stars Aluminium Extrusion Private Limited | •••• | •••• | •••• |
| Indian Telephone & Electric Co. | •••• | •••• | •••• |
| Brij Footcare Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with HVR Solar Limited
HVR Solar operates one associated brand: HVR Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | hvrsolar.com |
Employees and EPFO Compliance at HVR Solar Limited
HVR Solar Limited has a workforce of 68 employees as of Oct 09, 2025.
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.
CIN History of HVR Solar Limited
HVR Solar has one previous CIN (Corporate Identification Number): U74900DL2016PTC291628. The current CIN is U74900DL2016PLC291628, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900DL2016PLC291628 | Current |
| U74900DL2016PTC291628 | Previous |
News related to HVR Solar Limited
Recent Activity on HVR Solar Limited
HVR Solar Limited has 8 board changes on record since 2016: 7 appointments and 1 cessation. The latest: Deepak Kumar Gupta was appointed as Additional Director on 18 Aug 2026.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for HVR Solar 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.
Subsidiaries & Group Companies of HVR Solar 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 HVR Solar Limited
HVR Solar has 5 GST registrations: 3 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCH8145F1ZM | Delhi | Active | 01 Jul 2017 |
| 07AADCH8145F2ZL | Delhi | Active | 01 Apr 2024 |
| 06AADCH8145F1ZO | Haryana | Active | 01 Jul 2017 |
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 HVR Solar 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.
Frequently Asked Questions about HVR Solar Limited
HVR Solar is an active public limited company based in Delhi, India. The company works in power epc, within the energy and power industry. It was incorporated on 24 February 2016 (10+ years old) and is registered under CIN U74900DL2016PLC291628.
HVR Solar reported revenue of ₹101.37 Cr for FY 2025 (up 53% YoY).
HVR Solar has 7 current directors:
- Veena Aggarwal - Director
- Shweta Chauhan - Additional Director
- Sagar Sachdev - Director
- Rahul Goel - Additional Director
- Rishabh Aggarwal - Director
- Deepak Kumar Gupta - Additional Director
- Harsh Aggarwal - Director
HVR Solar reported a net profit of ₹7 Cr (net margin 6.9%) and EBITDA of ₹13.32 Cr (EBITDA margin 13.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of HVR Solar is 43% over three years and 39% over five years. In the latest year (FY 2025) revenue rose 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of HVR Solar is 07AADCH8145F1ZM, registered in Delhi. The company has 5 GST registrations in all, of which 3 are active and 2 are cancelled or inactive. Other active GSTINs include 07AADCH8145F2ZL (Delhi), 06AADCH8145F1ZO (Haryana).
The CIN (Corporate Identification Number) of HVR Solar is U74900DL2016PLC291628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HVR Solar was incorporated on 24 February 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of HVR Solar by revenue are Vidyut Technologies (India) Private Limited, Anvil Electricals Private Limited, Axis Energy Ventures India Private Limited, Mecpower Solutions Limited, Gridfree Solar Energy Limited and 5 more, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers).
Deepak Kumar Gupta was appointed as Additional Director on 18 Aug 2026. Rahul Goel was appointed as Additional Director on 18 Aug 2026. Shweta Chauhan was appointed as Additional Director on 05 Aug 2026. HVR Solar has 8 board changes on record in total.
HVR Solar has 3 MSME Form 1 returns on record between 2019 and 2020, listing 77 overdue payments to 14 micro and small suppliers. The latest return was filed on 04 Jan 2021.
HVR Solar can be reached through the website hvrsolar.com. Its registered office is in Delhi, India.