About Icon Solar-En Power Technologies Private Limited
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Icon Solar-En Power Technologies Private Limited is a private limited company based in Raipur, Chhattisgarh, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 15 May 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Chhattisgarh, under CIN U29307CT2014PTC001359. Its GSTIN is 22AADCI5761L1ZG (Chattisgarh). The company holds 11 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹87.91 Cr. It is led by directors including Shakti Kumar Dubey (Whole-Time Director) and Rajesh Kumar Mirani (Whole-Time Director).
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 Office No. 317 318 319 & 320 3rd Floor Offizo Magneto Mall Labhandi N.H. 6, Raipur, Chhattisgarh, India – 492001.
As per the financials filed for FY 2025, the company reported a revenue of ₹774.83 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net profit of ₹43.15 Cr (net margin 5.6%) and EBITDA of ₹73.31 Cr (EBITDA margin 9.5%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 43% over five years.
The company has about 334 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Icon Solaren Power Technologies. As per MCA filings, the company has open charges of ₹130.6 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹2.86 Cr; the latest was in March 2021. Its 4 peer companies 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) are compared by revenue, 1 larger and 3 smaller; the largest is Marine Electricals (India) Limited with revenue of ₹780.41 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iconsolar-en.com.
Company details
Contact details
Icon Solar-En Power Technologies Private Limited's registered office is in Raipur, Chhattisgarh. Its website is iconsolar-en.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 317 318 319 & 320 3rd Floor Offizo Magneto Mall Labhandi N.H. 6, Raipur, Chhattisgarh, India – 492001
- IndustryEnergy and Power, Power EPC, BoP & BTG Services, Power Equipment Manufacturers
To see the full contact details of Icon Solar-En Power Technologies 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
Icon Solar-En Power Technologies operates one associated brand: Icon Solaren Power Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar panels like Mono Perc, Bifacial Mono Perc, and Topcon for energy solutions. | iconsolar-en.in |
Business activity
The main business activities of Icon Solar-En Power Technologies are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and retail trading. 2 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Icon Solar-En Power Technologies Private Limited, buy the company report.
Financials of Icon Solar-En Power Technologies Private Limited
FY 2025 filings availableIcon Solar-En Power Technologies Private Limited reported revenue of ₹774.83 Cr (up 66% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 66% growth in the latest year. EBITDA rose 78% 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 | ₹774.83 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹73.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43.15 Cr | ||||
| Balance Sheet | |||||
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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 | 9.5% | ||||
| Net Profit Margin | 5.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Icon Solar-En Power Technologies Private Limited, buy the company report.
Board of directors of Icon Solar-En Power Technologies Private Limited
Icon Solar-En Power Technologies has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shakti Kumar Dubey | Whole-Time Director | 15 May 2014 | 12 Years 5 Months | Current |
| Rajesh Kumar Mirani Also directs: Maasiya Trade Ventures LLP, Asim Minerals Private Limited, Icon Radiantsun Private Limited and 4 more | Whole-Time Director | 01 Apr 2025 | 1 Years 6 Months | Current |
| Tarang Khurana | Whole-Time Director | 01 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Icon Solar-En Power Technologies Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Marine Electricals (India) Limited | ₹780.41 Cr (FY 2025) | 24.0% | Mumbai, Maharashtra, India | |||
| Icon Solar-En Power Technologies Private Limitedthis company | ₹774.83 Cr (FY 2025) | ₹43.15 Cr | 5.6% | 66.0% | 334 | Raipur, Chhattisgarh, India |
| Vijai Electricals Limited | ₹769.35 Cr (FY 2025) | 110.0% | Hyderabad, Andhra Pradesh, India | |||
| Nucon Switchgears Pvt Ltd | ₹741.52 Cr (FY 2025) | 23.0% | Punjab, India | |||
| MSS India Private Limited | ₹737.67 Cr (FY 2023) | 12.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Icon Solar-En Power Technologies Private Limited, buy the company report.
Auditor
Icon Solar-En Power Technologies Private Limited is audited by Bamb Taori & Co. for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bamb Taori & Co. | FY 2025 | 002026C |
Shareholding
The shareholding of Icon Solar-En Power Technologies Private 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 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Icon Solar-En Power Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2025 | 101194906 | Axis Bank Limited | ₹27 Cr | Open | |
| 03 Sep 2025 | 101181632 | Others | ₹55 Cr | Open | |
| 18 May 2015 | 10574205 | State Bank of India | ₹48.6 Cr | Open |
To see the full charge records of Icon Solar-En Power Technologies Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Icon Solar-En Power Technologies Private Limited has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹2.86 Cr; the latest was in March 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2021 | Rights issue | ₹2 Cr | Investors: 4 individuals |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Rawmate Solutions |
To see the full deal history of Icon Solar-En Power Technologies 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
Icon Solar-En Power Technologies Private Limited has 1 court case on record: 1 filed by Icon Solar-En Power Technologies. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHHATTISGARH | Court case (WPT) | Filed by the company against Union of India and 4 others | Disposed |
To see the full case history of Icon Solar-En Power Technologies 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
Icon Solar-En Power Technologies Private Limited was last rated by Crisil on 15 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Mar 2021 |
To see the full credit ratings and regulatory alerts of Icon Solar-En Power Technologies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icon Solar-En Power Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Icon Solar-En Power Technologies Private Limited has a workforce of 334 employees on its EPFO records as of Feb 17, 2026, across 1 active EPFO establishment.
GST
Icon Solar-En Power Technologies has 11 GST registrations: 6 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 22AADCI5761L1ZG | Chattisgarh | Active | 01 Jul 2017 |
| 22AADCI5761L3ZE | Chattisgarh | Active | 06 Jun 2025 |
| 20AADCI5761L1ZK | Jharkhand | Active | 01 Jul 2017 |
| 27AADCI5761L1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icon Solar-En Power Technologies Private Limited, buy the company report.
Recent activity
Icon Solar-En Power Technologies Private Limited has 7 board changes on record since 2014: 3 appointments and 4 cessations. The latest: Rajesh Kumar Mirani was appointed as Whole-Time Director on 01 Apr 2025.
2 earlier events are in the company report.
News
Frequently asked questions
Icon Solar-En Power Technologies is an active private limited company based in Raipur, Chhattisgarh, India. The company works in power epc, within the energy and power industry. It was incorporated on 15 May 2014 (12+ years old) and is registered under CIN U29307CT2014PTC001359.
Icon Solar-En Power Technologies has 3 current directors:
- Shakti Kumar Dubey - Whole-Time Director
- Rajesh Kumar Mirani - Whole-Time Director
- Tarang Khurana - Whole-Time Director
The latest financial statements of Icon Solar-En Power Technologies 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 Icon Solar-En Power Technologies is 22AADCI5761L1ZG, registered in Chattisgarh. The company has 11 GST registrations in all, of which 6 are active and 5 are cancelled or inactive. Other active GSTINs include 22AADCI5761L3ZE (Chattisgarh), 20AADCI5761L1ZK (Jharkhand), 27AADCI5761L1Z6 (Maharashtra).
The CIN (Corporate Identification Number) of Icon Solar-En Power Technologies is U29307CT2014PTC001359. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icon Solar-En Power Technologies has 1 court case on record: 1 filed by the company.
Icon Solar-En Power Technologies was incorporated on 15 May 2014, making it 12+ years old. It is registered with the Registrar of Companies, Chhattisgarh.
Icon Solar-En Power Technologies has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹2.86 Cr; the latest was in March 2021.
The peers of Icon Solar-En Power Technologies by revenue are Marine Electricals (India) Limited, Vijai Electricals Limited, Nucon Switchgears Pvt Ltd, MSS India 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).
Rajesh Kumar Mirani was appointed as Whole-Time Director on 01 Apr 2025. Vipin Mirani ceased to be Whole-Time Director on 22 Feb 2018. Rajesh Kumar Mirani ceased to be Additional Director on 30 Mar 2017. Icon Solar-En Power Technologies has 7 board changes on record in total.
Icon Solar-En Power Technologies can be reached through the website iconsolar-en.com. Its registered office is in Raipur, Chhattisgarh, India.