About Il&Fs Solar Power Limited
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Il&Fs Solar Power Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Il&Fs Energy Development Company Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 26 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2010PLC207073. Its GSTIN is 27AACCI5885N1ZU (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Bibhudutta Biswal and Ritendra Bhattacharjee.
Its last annual general meeting (AGM) was held on 03 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2026, the company reported a revenue of ₹25.9 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹6.3 Lakh (net margin 24.3%) and EBITDA of ₹8.4 Lakh (EBITDA margin 32.4%). Revenue has declined at a compounded annual rate (CAGR) of 93% over three years and 67% over five years.
As per MCA filings, the company has satisfied charges of ₹789 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ilfsindia.com.
Company details
Contact details
Il&Fs Solar Power Limited's registered office is in Mumbai, Maharashtra. Its website is ilfsindia.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressThe Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Il&Fs Solar Power 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
Financials of Il&Fs Solar Power Limited
FY 2025 filings availableIl&Fs Solar Power Limited reported revenue of ₹25.9 Lakh (down 79% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 67% over five years, including a 79% fall in the latest year. EBITDA fell 89% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹8.4 Lakh | ||||
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| Net Profit (PAT) | ₹6.3 Lakh | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | 32.4% | ||||
| Net Profit Margin | 24.3% | ||||
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To see the full financial statements and ratios of Il&Fs Solar Power Limited, buy the company report.
Board of directors of Il&Fs Solar Power Limited
Il&Fs Solar Power has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bibhudutta Biswal Also directs: Saurya Urja Company of Rajasthan Limited, Il&Fs Wind Energy Limited, Vejas Power Projects Limited and 5 more | Director | 28 Apr 2023 | 3 Years 6 Months | Current |
| Ritendra Bhattacharjee Also directs: Saurya Urja Company of Rajasthan Limited, Il&Fs Wind Energy Limited, Vejas Power Projects Limited and 5 more | Director | 12 Sep 2023 | 3 Years 1 Months | Current |
| Sankaramahalingam Balasubramanian | Director | 05 Sep 2018 | 8 Years 1 Months | Current |
Peer comparison
Il&Fs Solar Power Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Koppal Solar Power Projects Private Limited | ₹1.27 Cr (FY 2022) | -8.0% | Gangavathi, Karnataka, India | |||
| Uttam Biosolar Private Limited | ₹1.25 Cr (FY 2025) | 69.0% | Kashipur, Uttarakhand, India | |||
| Zorya Solar Energy Private Limited | ₹1.24 Cr (FY 2025) | 4972.0% | New Delhi, Delhi, India | |||
| Il&Fs Solar Power Limitedthis company | ₹25.9 Lakh (FY 2026) | ₹6.3 Lakh | 24.3% | -79.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Il&Fs Solar Power Limited, buy the company report.
Auditor
Il&Fs Solar Power Limited is audited by LUTHRA & LUTHRA for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| LUTHRA & LUTHRA | FY 2021 | 002081N |
Shareholding
The shareholding of Il&Fs Solar Power Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Il&Fs Solar Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Mar 2018 | 100171105 | Idbi Trusteeship Services Limited | ₹175 Cr | Satisfied | |
| 26 Dec 2017 | 100150823 | Others | ₹210 Cr | Satisfied | |
| 01 Nov 2017 | 100137452 | Idbi Trusteeship Services Limited | ₹150 Cr | Satisfied | |
| 31 Mar 2016 | 100029875 | Others | ₹120 Cr | Satisfied | |
| 14 Mar 2016 | 100017520 | Others | ₹125 Cr | Satisfied |
To see the full charge records of Il&Fs Solar Power Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Il&Fs Solar Power Limited has 3 court cases on record: 2 filed by Il&Fs Solar Power, 1 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Police cases PW) | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
To see the full case history of Il&Fs Solar Power 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
Il&Fs Solar Power Limited was last rated by Icra on 03 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 03 Nov 2021 |
To see the full credit ratings and regulatory alerts of Il&Fs Solar Power Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Il&Fs Solar Power Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Il&Fs Solar Power has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI5885N1ZU | Maharashtra | Active | 01 Jul 2017 |
| 29AACCI5885N1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Il&Fs Solar Power Limited, buy the company report.
Recent activity
Il&Fs Solar Power Limited has 15 board changes on record since 2013: 3 appointments and 12 cessations. The latest: Ritendra Bhattacharjee ceased to be Additional Director on 25 Jun 2024.
19 earlier events are in the company report.
News
Frequently asked questions
Il&Fs Solar Power is an active public limited company based in Mumbai, Maharashtra, India. The company works in electric power generation, within the energy industry. It was incorporated on 26 August 2010 (16+ years old) and is registered under CIN U40300MH2010PLC207073.
Il&Fs Solar Power has 3 current directors:
- Bibhudutta Biswal - Director
- Ritendra Bhattacharjee - Director
- Sankaramahalingam Balasubramanian - Director
The latest financial statements of Il&Fs Solar Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 03 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Il&Fs Solar Power is 27AACCI5885N1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AACCI5885N1ZQ (Karnataka).
The CIN (Corporate Identification Number) of Il&Fs Solar Power is U40300MH2010PLC207073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Il&Fs Solar Power has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Il&Fs Solar Power was incorporated on 26 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Il&Fs Solar Power by revenue are Koppal Solar Power Projects Private Limited, Uttam Biosolar Private Limited, Zorya Solar Energy Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Ritendra Bhattacharjee ceased to be Additional Director on 25 Jun 2024. Ritendra Bhattacharjee was appointed as Director on 12 Sep 2023. Bibhudutta Biswal ceased to be Additional Director on 15 Jun 2023. Il&Fs Solar Power has 15 board changes on record in total.
Il&Fs Solar Power can be reached through the website ilfsindia.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Il&Fs Solar Power is at The Il&Fs Financial Centre Plot No. C – 22 G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.