Ironhide Generation (India) Private Limited
About Ironhide Generation (India) Private Limited
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Ironhide Generation (India) Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Ironhide Generation Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 30 April 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2016FTC363543. Its GSTIN is 27AAECI1141H1ZW (Maharashtra).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.48 Cr. It is led by directors including Payal Sunil Narsale and Mehal Dilip Shah.
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 1 Floor – 2nd 26/28 Mulchand Mansion Kalbadevi Road Vitthalwadi Kalbadevi, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.68 Lakh, a decline of 95% compared to the previous year. For the same year it recorded a net loss of ₹1.25 Cr and EBITDA of -₹1.23 Cr. Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 71% over five years.
As per MCA filings, the company has satisfied charges of ₹26.15 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company and 3 filed against it; 3 cases are pending. The company has 6 deals on record (3 funding rounds, 3 rights issues), with disclosed funding of ₹97.35 Cr; the latest was in November 2022. Its 10 peer companies in the Cleantech industry (Solar Power) are compared by revenue, 5 larger and 5 smaller; the largest is Re-Green Energy Private Limited with revenue of ₹14.13 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies.
CIN History of Ironhide Generation (India) Private Limited
Ironhide Generation (India) has one previous CIN (Corporate Identification Number): U40300TG2016FTC109323. The current CIN is U40300MH2016FTC363543, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300MH2016FTC363543 | Current |
| U40300TG2016FTC109323 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address1 Floor – 2nd 26/28 Mulchand Mansion Kalbadevi Road Vitthalwadi Kalbadevi, Mumbai, Maharashtra, India – 400002
- IndustryEnvironment, Solar Energy Solutions
- 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 Ironhide Generation (India) Private Limited
The main business activity of Ironhide Generation (India) is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | 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 Ironhide Generation (India) Private Limited FY 2025 filings available
Ironhide Generation (India) Private Limited reported revenue of ₹13.68 Lakh (down 95% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ironhide Generation (India) Private Limited
Revenue fell 95% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 71%. EBITDA rose 98% 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 Ironhide Generation (India) Private 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹1.23 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.25 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 Ironhide Generation (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Ironhide Generation (India) are in the company report.
Financial statements from FY 2017
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.
Board of Directors of Ironhide Generation (India) Private Limited
Ironhide Generation (India) has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Payal Sunil Narsale Also directs: Indigo Generation (India) Private Limited | Director | 03 Mar 2020 | 6 Years 7 Months | Current |
| Mehal Dilip Shah Also directs: Indigo Generation (India) Private Limited | Director | 10 May 2019 | 7 Years 5 Months | Current |
| Rahul Janardan Sankhe Also directs: Agami Ventures LLP, Agami Infra Developers LLP, Agami Infrastructure & Engineering LLP and 5 more | Director | 19 Jul 2019 | 7 Years 3 Months | Current |
Peer Comparison of Ironhide Generation (India) Private Limited
Ironhide Generation (India) Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Re-Green Energy Private Limited | ₹14.13 Lakh (FY 2020) | •••• | •••• | -95.0% | •••• | Pune, Maharashtra, India |
| Mideast Windfarms Private Limited | ₹14.06 Lakh (FY 2025) | •••• | •••• | 173.0% | •••• | Mumbai, Maharashtra, India |
| Panamasurya Energy Private Limited | ₹13.96 Lakh (FY 2021) | •••• | •••• | 240.0% | •••• | Pune, Maharashtra, India |
| Soorza Industries Private Limited | ₹13.85 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Indore, Madhya Pradesh, India |
| Fpel Sustain Energy Private Limited | ₹13.8 Lakh (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Ironhide Generation (India) Private Limited this company | ₹13.68 Lakh (FY 2025) | •••• | •••• | -95.0% | •••• | Mumbai, Maharashtra, India |
| Sunfund Solar Private Limited | ₹13.6 Lakh (FY 2024) | •••• | •••• | -93.0% | •••• | Gurugram, Haryana, India |
| Singaji Solar Power and Plastics Private Limited | ₹13.5 Lakh (FY 2016) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Volt Treasure Energy (OPC) Private Limited | ₹13.49 Lakh (FY 2018) | •••• | •••• | 77.0% | •••• | Thane, Maharashtra, India |
| V S Enviortech Private Limited | ₹13.4 Lakh (FY 2025) | •••• | •••• | -79.0% | •••• | New Delhi, Delhi, India |
| Rengie Solution Private Limited | ₹13.4 Lakh (FY 2025) | •••• | •••• | •••• | Patna, Bihar, India |
Peers are the five companies nearest above and the five nearest below Ironhide Generation (India) by revenue in the Cleantech industry (Solar Power), 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 Ironhide Generation (India) Private Limited
Ironhide Generation (India) Private Limited is audited by J W AND ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J W AND 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.
Ownership and Shareholding of Ironhide Generation (India) Private 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 Ironhide Generation (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2018 | Others | ₹7.25 Cr | Satisfied |
| 05 Mar 2018 | Others | ₹18.9 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Ironhide Generation (India) Private Limited
Ironhide Generation (India) Private Limited has 6 deals on record (3 funding rounds, 3 rights issues), with disclosed funding of ₹97.35 Cr; the latest was in November 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Rights issue | ₹94.6 Lakh | Investors: Ironhide Generation Limited |
| Apr 2022 | Funding round | ₹79.7 Cr | Investors: Ironhide Generation Limited |
| Feb 2022 | Rights issue | ₹3.43 Cr | Investors: Ironhide Generation Limited |
| May 2021 | Rights issue | ₹2.2 Cr | Investors: Ironhide Generation Limited |
| Jun 2018 | Funding round | ₹2.61 Cr | Investors: Ironhide Generation Limited |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Ironhide Generation (India) Private Limited
Ironhide Generation (India) Private Limited has 7 court cases on record: 4 filed by Ironhide Generation (India), 3 filed against it. 3 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 1 |
| District courts | 3 | 0 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Akola, Maharashtra | Civil suit | Filed by the company against Aeg Green Power India Private Limited and 4 others | Pending |
| Bombay High Court | Court case (CARAP) | Filed against the company by Oriano Clean Energy Pvt Ltd Through Its Ar Ms Bhoomika Nanda | Disposed |
| High Court, MAHARASHTRA | Commercial suit | Filed by the company against Nanda Venttures LLP and 4 Ors and 4 others | Disposed |
| District court, Medak, Telangana | Civil suit | Filed by the company against Aeg Green Power India Private Limited. and 2 others | Disposed |
| High Court, TELANGANA | Revision petition | Filed against the company by an individual | Pending |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Ironhide Generation (India) Private Limited
Employment history and EPFO contributions of people linked to Ironhide Generation (India).
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.
Group Structure of Ironhide Generation (India) Private Limited
Ironhide Generation (India) has 1 associated company. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
Recent Activity on Ironhide Generation (India) Private Limited
Ironhide Generation (India) Private Limited has 11 board changes on record since 2018: 3 appointments and 8 cessations. The latest: Pedro Perejon Jimenez ceased to be Director on 09 Feb 2021.
6 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ironhide Generation (India) Private 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.
MSME Payment Delays by Ironhide Generation (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ironhide Generation (India) Private 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 Ironhide Generation (India) Private Limited
Ironhide Generation (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECI1141H1ZW | Maharashtra | Active | 19 Aug 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 Ironhide Generation (India) Private 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 Ironhide Generation (India) Private Limited
Ironhide Generation (India) is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 30 April 2016 (10+ years old) and is registered under CIN U40300MH2016FTC363543.
Ironhide Generation (India) reported revenue of ₹13.68 Lakh for FY 2025 (down 95% YoY).
Ironhide Generation (India) has 3 current directors:
- Payal Sunil Narsale - Director
- Mehal Dilip Shah - Director
- Rahul Janardan Sankhe - Director
Ironhide Generation (India) reported a net loss of ₹1.25 Cr and EBITDA of -₹1.23 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ironhide Generation (India) is 14% over three years and 71% over five years. In the latest year (FY 2025) revenue fell 95%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ironhide Generation (India) is 27AAECI1141H1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ironhide Generation (India) is U40300MH2016FTC363543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ironhide Generation (India) has 7 court cases on record: 4 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Ironhide Generation (India) was incorporated on 30 April 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Ironhide Generation (India) has 6 deals on record (3 funding rounds, 3 rights issues), with disclosed funding of ₹97.35 Cr; the latest was in November 2022.
The peers of Ironhide Generation (India) by revenue are Re-Green Energy Private Limited, Mideast Windfarms Private Limited, Panamasurya Energy Private Limited, Soorza Industries Private Limited, Fpel Sustain Energy Private Limited and 5 more, all in the Cleantech industry (Solar Power).