MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0031141
Isun Solar Private Limited - energy and power in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹23.51 Cr
▼ 12% YoY
Net profit · FY 2024
₹7.37 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹30.69 Lakh
EBITDA margin 1.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹26.23 Lakh
Issued & subscribed
Open charges
₹6.5 Cr
Satisfied ₹1.5 Cr
Company age
10 yrs
Est. 2016
Directors on board
3
As per MCA filings
About Isun Solar Private Limited
Data last updated:
Isun Solar Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 21 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2016PTC093826. Its GSTIN is 24AAECI2670P1Z9 (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹26.23 Lakh. It is led by directors including Ketankumar Harjibhai Gondaliya and Prakashbhai Vitthalbhai Harkhani.
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 150 Feet Ring Road Near Shital Park, Rajkot, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.51 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹7.37 Lakh (net margin 0.3%) and EBITDA of ₹30.69 Lakh (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 77% over five years.
The company is associated with 2 brands: Isun Group and ISun Energy. As per MCA filings, the company has open charges of ₹6.5 Cr and satisfied charges of ₹1.5 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
Isun Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0031141). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website isunsolar.in.
Company details
CIN U29100GJ2016PTC093826
Registration Number 093826
Incorporation Date 21 September 2016
ROC Ahmedabad
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 Small
Udyam Registration UDYAM-GJ-20-0031141
Key People
Ketankumar Harjibhai Gondaliya Director Prakashbhai Vitthalbhai Harkhani Director Akash Joshi Director Recognitions & Rankings of Isun Solar
Contact details
Isun Solar Private Limited's registered office is in Rajkot, Gujarat. Its website is isunsolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 1103 Rk World Tower, 150 Feet Ring Road Near Shital Park, Rajkot, Gujarat, India – 360006
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Isun Solar Private Limited, buy the company report.
Comprehensive company report
Isun Solar Private 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
Isun Solar operates two associated brands: Isun Group and ISun Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Smart solar canopies and carports are provided by ISun Energy. | isunenergy.com | |
| Solar structure manufacturing and supply in India. | isunsolar.in |
Business activity
The main business activity of Isun Solar is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Isun Solar Private Limited, buy the company report.
Financials of Isun Solar Private Limited
FY 2025 filings availableIsun Solar Private Limited reported revenue of ₹23.51 Cr (down 12% YoY) for FY 2024.
Revenue · FY 2024
₹23.51 Cr ▼ 12%
Net profit · FY 2024
₹7.37 Lakh margin 0.3%
EBITDA · FY 2024
₹30.69 Lakh margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 43%
5 years · compounded
▲ 77%
EBITDA CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 48%
5 years · compounded
▲ 60%
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 77%. EBITDA rose 45% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹30.69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.37 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Isun Solar Private Limited, buy the company report.
Board of directors of Isun Solar Private Limited
Isun Solar has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ketankumar Harjibhai Gondaliya Also directs: IV Square Structure India Private Limited, Isun Soil Screw LLP | Director | 09 Sep 2020 | 6 Years 1 Months | Current |
| Prakashbhai Vitthalbhai Harkhani Also directs: Isun Beverages LLP | Director | 21 Sep 2016 | 10 Years 1 Months | Current |
| Akash Joshi Also directs: Isun Beverages LLP, IV Square Structure India Private Limited | Director | 08 Sep 2018 | 8 Years 1 Months | Current |
Auditor
Isun Solar Private Limited is audited by D C AJANI AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D C AJANI AND ASSOCIATES | FY 2020 | 152913W |
Shareholding
The shareholding of Isun Solar Private Limited is on record for 2 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Isun Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6.5 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2025 | 101159921 | Bank of India | ₹6.5 Cr | Open | |
| 16 Jan 2024 | 100867974 | Others | ₹1.5 Cr | Satisfied |
To see the full charge records of Isun Solar Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Isun Solar Private Limited has 2 court cases on record: 2 filed by Isun Solar. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
To see the full case history of Isun Solar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Isun Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Isun Solar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI2670P1Z9 | Gujarat | Active | 04 Aug 2017 |
To see the full GST registrations and return filing status of Isun Solar Private Limited, buy the company report.
Recent activity
Isun Solar Private Limited has 6 board changes on record since 2016: 3 appointments and 3 cessations. The latest: Akash Joshi ceased to be Director on 20 Aug 2025.
AGM
Isun Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Bank Of India of Rs. 650.00 Lakh registered on 20 Sep 2025 with Charge ID 101159921 was modified on 29 Sep 2025.
Charges
A charge registered on 16 Jan 2024 via Charge ID 100867974 with Others was fully satisfied on 26 Sep 2025.
Charges
A charge with Bank Of India amounted to Rs. 650.00 Lakh with Charge ID 101159921 was registered on 20 Sep 2025.
Ceased
Akash Joshi ceased to be Director.
Filing
Isun Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 150.00 Lakh with Charge ID 100867974 was registered on 16 Jan 2024.
Appointed
Ketankumar Harjibhai Gondaliya was appointed as Director.
Appointed
Akash Joshi was appointed as Director.
Ceased
Hareshbhai Ghelabhai Hirani ceased to be Additional Director.
Ceased
Kevin Mathurbhai Padliya ceased to be Director.
Appointed
Prakashbhai Vitthalbhai Harkhani was appointed as Director.
1 earlier event is in the company report.
Frequently asked questions
Isun Solar is an active private limited company based in Rajkot, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 21 September 2016 (10+ years old) and is registered under CIN U29100GJ2016PTC093826.
Isun Solar has 3 current directors:
- Ketankumar Harjibhai Gondaliya - Director
- Prakashbhai Vitthalbhai Harkhani - Director
- Akash Joshi - Director
The latest financial statements of Isun 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 2017 are in the company report.
The GSTIN of Isun Solar is 24AAECI2670P1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Isun Solar is U29100GJ2016PTC093826. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Isun Solar has 2 court cases on record: 2 filed by the company.
Isun Solar was incorporated on 21 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Akash Joshi ceased to be Director on 20 Aug 2025. Ketankumar Harjibhai Gondaliya was appointed as Director on 09 Sep 2020. Akash Joshi was appointed as Director on 08 Sep 2018. Isun Solar has 6 board changes on record in total.
Yes, Isun Solar is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0031141).
Isun Solar can be reached through the website isunsolar.in. Its registered office is in Rajkot, Gujarat, India.