
About Inspira Martifer Solar Limited
Data last updated:
Inspira Martifer Solar Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of M/S Martifer Solar Investment B.V. It operates in the power epc segment of the energy and power sector. It was incorporated on 12 June 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2012PLC232072. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.09 Cr. It is led by directors Sunil Shrirang Chikane (Managing Director) and Mragank Nema.
Its last annual general meeting (AGM) was held on 07 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 6th Floor Gala Impecca Andheri – Kurla Road J.B. Nagar Andheri East, Mumbai, Maharashtra, India – 400059.
The company is associated with 1 brand: Inspira Martifer Solar. As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹97.92 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website inspiramartifersolar.com.
Company details
Contact details
Inspira Martifer Solar Limited's registered office is in Mumbai, Maharashtra. Its website is inspiramartifersolar.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address6th Floor Gala Impecca Andheri – Kurla Road J.B. Nagar Andheri East, Mumbai, Maharashtra, India – 400059
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Inspira Martifer Solar 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
Inspira Martifer Solar operates one associated brand: Inspira Martifer Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers engineering, procurement, and construction services in the solar energy sector. | inspiramartifersolar.com |
Financials of Inspira Martifer Solar Limited
FY 2018 filings availableFinancial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | |||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | |||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | |||
| Net Profit Margin | |||
| 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 Inspira Martifer Solar Limited, buy the company report.
Board of directors and KMP of Inspira Martifer Solar Limited
Inspira Martifer Solar Limited currently reports 2 directors and 1 key managerial person. 11 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mragank Nema Also directs: Gencrest Bio Products Private Limited | Director | 07 Feb 2025 | 1 Years 8 Months | Current |
| Sunil Shrirang Chikane | Managing Director | 10 Sep 2022 | 4 Years 1 Months | Current |
| Milan Suresh Salvi | Cfo | 01 Mar 2019 | 7 Years 7 Months | Current |
Auditor
Inspira Martifer Solar Limited is audited by Bansal Bansal & Co. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Bansal Bansal & Co. | FY 2017 | 100986W |
Shareholding
The shareholding of Inspira Martifer Solar Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Inspira Martifer Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Dec 2012 | 10406140 | Yes Bank Limited | ₹25 Lakh | Open | |
| 27 Sep 2013 | 10455842 | State Bank of India | ₹97.92 Cr | Satisfied |
To see the full charge records of Inspira Martifer Solar Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Inspira Martifer Solar Limited has 2 court cases on record: 1 filed by Inspira Martifer Solar, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed against the company by Alex Green Energy Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against Alex Green Energy Private Limited | Disposed |
To see the full case history of Inspira Martifer 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
No delayed payments to MSME suppliers are on our record for Inspira Martifer Solar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Inspira Martifer Solar has 1 associated company. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
Employees & EPFO
Inspira Martifer Solar Limited has 1 active EPFO establishment as of Apr 01, 2024.
GST
Inspira Martifer Solar has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Inspira Martifer Solar Limited, buy the company report.
Recent activity
Inspira Martifer Solar Limited has 15 board changes on record since 2012: 7 appointments and 8 cessations. The latest: Gustavo Manuel Ferreira Fernandes ceased to be Director on 29 May 2025.
9 earlier events are in the company report.
Frequently asked questions
Inspira Martifer Solar is an active public limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 12 June 2012 (14+ years old) and is registered under CIN U40106MH2012PLC232072.
Inspira Martifer Solar has 3 current directors and KMP:
- Sunil Shrirang Chikane - Managing Director
- Mragank Nema - Director
- Milan Suresh Salvi - Cfo
The latest financial statements of Inspira Martifer Solar on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 07 September 2018. Year-wise statements from 2015 are in the company report.
No. Inspira Martifer Solar has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Inspira Martifer Solar is U40106MH2012PLC232072. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Inspira Martifer Solar has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the high courts.
Inspira Martifer Solar was incorporated on 12 June 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Gustavo Manuel Ferreira Fernandes ceased to be Director on 29 May 2025. Mragank Nema was appointed as Director on 07 Feb 2025. Sunil Shrirang Chikane was appointed as Managing Director on 10 Sep 2022. Inspira Martifer Solar has 15 board changes on record in total.
Inspira Martifer Solar can be reached through the website inspiramartifersolar.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Inspira Martifer Solar is at 6th Floor Gala Impecca Andheri – Kurla Road J.B. Nagar Andheri East, Mumbai, Maharashtra, India – 400059.