MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-DL-04-0001621
HVR Solar Limited - energy and power in Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹101.37 Cr
▲ 53% YoY
Net profit · FY 2025
₹7 Cr
Net margin 6.9%
EBITDA · FY 2025
₹13.32 Cr
EBITDA margin 13.1%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹60.15 Cr
Satisfied ₹35.84 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
68
Provident fund records
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. Court records list 22 cases involving the company, including 18 filed by the company and 4 filed against it; 10 cases are pending.
HVR Solar Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-DL-04-0001621). 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.
Company details
CIN U74900DL2016PLC291628
Registration Number 291628
Incorporation Date 24 February 2016
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-DL-04-0001621
CIN history
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 |
Recognitions & Rankings of HVR Solar
Contact details
HVR Solar Limited's registered office is in Delhi, Delhi. Its website is hvrsolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of HVR Solar Limited, buy the company report.
Comprehensive company report
HVR Solar 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
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Brands
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 |
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of HVR Solar Limited, buy the company report.
Financials of HVR Solar Limited
FY 2025 filings availableHVR Solar Limited reported revenue of ₹101.37 Cr (up 53% YoY) for FY 2025.
Revenue · FY 2025
₹101.37 Cr ▲ 53%
Net profit · FY 2025
₹7 Cr margin 6.9%
EBITDA · FY 2025
₹13.32 Cr margin 13.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 53%
3 years · compounded
▲ 43%
5 years · compounded
▲ 39%
EBITDA CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 77%
5 years · compounded
▲ 45%
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
| 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
| 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 | |||||
To see the full financial statements and ratios of HVR Solar Limited, buy the company report.
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.
Current Directors
| 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 5 Months | Current |
| Rahul Goel Also directs: Grow Legal LLP | Additional Director | 18 Aug 2026 | 0 Years 2 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 8 Months | Current |
| Deepak Kumar Gupta Also directs: Lawgical Adda Private Limited | Additional Director | 18 Aug 2026 | 0 Years 2 Months | Current |
Showing 6 of 7 current directors. View all directors
Peer comparison
HVR Solar Limited is compared with the 3 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| 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 | |||
| HVR Solar Limitedthis company | ₹101.37 Cr (FY 2025) | ₹7 Cr | 6.9% | 53.0% | 68 | Delhi, India |
| B.Srinivasa Rao Power Constructions Private Limited | ₹100.91 Cr (FY 2025) | -23.0% | Telangana, India |
To see the full peer comparison of HVR Solar Limited, buy the company report.
Auditor
HVR Solar Limited is audited by SERVA ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SERVA ASSOCIATES | FY 2024 | 000272N |
Shareholding
The shareholding of HVR Solar Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HVR Solar Limited, buy the company report.
Charges & borrowings
Open charges
₹60.15 Cr
Satisfied charges
₹35.84 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2026 | 101355969 | Others | ₹2.1 Cr | Open | |
| 27 Jan 2026 | 101257448 | Others | ₹7.48 Cr | Open | |
| 12 Dec 2025 | 101201442 | State Bank of India | ₹25.7 Cr | Open | |
| 19 Nov 2025 | 101204058 | Others | ₹6 Cr | Open | |
| 15 May 2025 | 101129115 | Others | ₹1.5 Cr | Open |
To see the full charge records of HVR Solar Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
HVR Solar Limited has 22 court cases on record: 18 filed by HVR Solar, 4 filed against it. 10 cases are pending and 12 are disposed.
Total cases
22
Filed by the company
18
Filed against the company
4
Pending
10
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 4 | 5 |
| High courts | 7 | 0 | 5 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Cheque dishonour complaint | Filed by the company against Apricate Power Pvt Ltd and 2 others | Pending |
| District court, North West, Delhi | Criminal case | Filed by the company against Himalayan Solar Pvt Ltd and 6 others | Pending |
| District court, North West, Delhi | Court case (OMP (MISC.) (COMM.)) | Filed by the company against Apricate Power Pvt Ltd | Disposed |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by Perfect Alex Pvt Ltd | Disposed |
| District court, Faridabad, Haryana | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of HVR Solar 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
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 |
To see the full MSME payment records of HVR Solar Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
HVR Solar Limited has a workforce of 68 employees on its EPFO records as of Oct 09, 2025, across 1 active EPFO establishment.
Employee count
68
Active EPFO establishments
1
Employee growth
36%
GST
HVR Solar has 5 GST registrations: 3 active and 2 cancelled or inactive.
Total GSTINs
5
Active
3
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCH8145F1ZM | Delhi | Active | 01 Jul 2017 |
| 07AADCH8145F2ZL | Delhi | Active | 01 Apr 2024 |
| 06AADCH8145F1ZO | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HVR Solar Limited, buy the company report.
Recent activity
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.
Appointed
Deepak Kumar Gupta was appointed as Additional Director.
Appointed
Rahul Goel was appointed as Additional Director.
Appointed
Shweta Chauhan was appointed as Additional Director.
Charges
A charge with State Bank Of India of Rs. 25.70 Cr registered on 12 Dec 2025 with Charge ID 101201442 was modified on 22 Jul 2026.
Charges
A charge with Others amounted to Rs. 2.10 Cr with Charge ID 101355969 was registered on 22 Jun 2026.
Charges
A charge registered on 16 Jan 2026 via Charge ID 101222247 with Others was fully satisfied on 05 May 2026.
Charges
A charge with Others of Rs. 1.50 Cr registered on 15 May 2025 with Charge ID 101129115 was modified on 31 Jan 2026.
Charges
A charge with Others amounted to Rs. 7.48 Cr with Charge ID 101257448 was registered on 27 Jan 2026.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 101222247 was registered on 16 Jan 2026.
Charges
A charge with Others of Rs. 15.89 Cr registered on 29 Jan 2024 with Charge ID 100864375 was modified on 29 Dec 2025.
Charges
A charge with State Bank Of India amounted to Rs. 25.70 Cr with Charge ID 101201442 was registered on 12 Dec 2025.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101204058 was registered on 19 Nov 2025.
26 earlier events are in the company report.
News
Frequently asked questions
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 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
The latest financial statements of HVR Solar 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 FY 2016 are in the company report.
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 has 22 court cases on record: 18 filed by the company and 4 filed against it. 10 are pending. Most are in the district courts.
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, B.Srinivasa Rao Power Constructions Private Limited, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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.
Yes, HVR Solar is registered as an MSME under Udyam registration (number: UDYAM-DL-04-0001621).
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.