About Jet Solar Limited
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Jet Solar Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 27 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L43222MH2001PLC133483. Its GSTIN is 24AAACJ9982B1ZK (Gujarat). The company holds 2 GST registrations, of which 1 is active. Its shares are listed on BSE: 538794.
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹11.88 Cr. It was formerly known as Jet Infraventure Private Limited and Jet Info (India) Private Limited. It is led by directors including Rajul Rameshchandra Shah (Managing Director) and Nirav Arun Modi.
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 Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹55 Lakh, a growth of 1.9% compared to the previous year. For the same year it recorded a net loss of ₹92 Lakh (net margin -167.3%) and EBITDA of -₹1.48 Cr (EBITDA margin -269.1%). The net worth stands at ₹20.78 Cr (up 16.3% YoY). Total assets are valued at ₹21.08 Cr (up 15.3% YoY).
The company is associated with 1 brand: Jet Infraventure. As per MCA filings, the company has satisfied charges of ₹5.22 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jetinfra.com.
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- Registered AddressOffice No.1 Nandanvan Business Centre E – Wing 1 Flr Nandanvan Apt Kandivali Link Road Kandi, Vali West, Mumbai, Maharashtra, India – 400067
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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
Name History of Jet Solar Limited
Jet Solar has undergone 3 name changes throughout its history. The company was previously known as Jet Infraventure Private Limited, Jet Info (India) Private Limited, and Jet Solar Limited. The current legal name is Jet Solar Limited.
| Company Name | Status |
|---|---|
| Jet Solar Limited | Current |
| Jet Infraventure Private Limited | Previous |
| Jet Info (India) Private Limited | Previous |
CIN History of Jet Solar Limited
Jet Solar has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L43222MH2001PLC133483, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L43222MH2001PLC133483 | Current |
| L45400MH2001PLC133483 | Previous |
| U72900MH2001PTC133483 | Previous |
| U45400MH2001PTC133483 | Previous |
| U45400MH2001PLC133483 | Previous |
Associated Brands with Jet Solar Limited
Jet Solar operates one associated brand: Jet Infraventure. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of brokerage services for buying, selling and renting residential properties | jetinfra.com |
Competitors & Alternatives of Jet Solar Limited
Brands and companies operating in the same space as Jet Solar Limited include Godrej Properties, Vingroup, Lendlease and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Godrej Properties | Residential and commercial properties are developed by Godrej Properties. | Mumbai, India | 1990 |
 Vingroup | Real estate development and management services are offered by Vingroup. | Hanoi, Vietnam | 1993 |
 Lendlease | Sustainable project development and maintenance services are provided worldwide. | Melbourne, Australia | 1958 |
 Frasers Property | Residential and commercial properties are developed and managed across regions. | Singapore | 1924 |
 Sunac | Residential and commercial real estate development is conducted by Sunac. | Shanghai, China | 2003 |
 Lodha Group | Developer of residential and commercial real estate properties | Mumbai, India | 1980 |
 Vanke | Real estate properties are developed in over 50 cities. | Shenzhen, China | 1984 |
 Eiffage | Eiffage is engaged in construction, energy, and infrastructure concessions. | Paris, France | 1920 |
 City Developments | Real estate development and management services are provided globally. | Singapore | 1963 |
Business Activity of Jet Solar Limited
The main business activity of Jet Solar is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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.
Board of Directors of Jet Solar Limited
Jet Solar has 4 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirav Arun Modi Also directs: Collab Oneness India Realty Private Limited | Director | 29 May 2024 | 2 Years 4 Months | Current |
| Dipesh Dhirajlal Maru | Director | 01 Oct 2021 | 5 Years 0 Months | Current |
| Rajul Rameshchandra Shah | Managing Director | 05 Nov 2001 | 24 Years 11 Months | Current |
| Niddhi Anand Shah | Director | 01 Apr 2025 | 1 Years 6 Months | Current |
Financials of Jet Solar Limited FY 2025-26 filings available
Jet Solar Limited reported revenue of ₹55 Lakh (up 1.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.55 | 0.54 | 0.35 | 0.46 | 0.36 | 0.15 | 0.44 |
| Revenue growth | +1.9% | +54.3% | -23.9% | +27.8% | +140.0% | -65.9% | - |
| EBITDA | (1.48) | (0.65) | (0.16) | (0.12) | (0.09) | (0.56) | (0.73) |
| EBITDA margin | -269.1% | -120.4% | -45.7% | -26.1% | -25.0% | -373.3% | -165.9% |
| Profit before tax | 0.06 | 0.05 | 0.06 | 0.05 | 0.02 | (0.39) | (0.46) |
| Net profit | (0.92) | 0.03 | 0.06 | 0.05 | 0.02 | (0.39) | (0.43) |
| Net profit margin | -167.3% | +5.6% | +17.1% | +10.9% | +5.6% | -260.0% | -97.7% |
| EPS (₹) | 0.03 | 0.04 | 0.14 | 0.27 | 0.20 | (1.86) | (1.94) |
| Balance sheet | |||||||
| Total assets | 21.08 | 18.29 | 6.10 | 6.29 | 5.92 | 7.31 | 7.53 |
| Net worth | 20.78 | 17.87 | 5.66 | 5.60 | 5.55 | 5.51 | 5.90 |
| Total debt | 0.30 | 0.43 | 0.44 | 0.69 | 0.38 | 1.80 | 1.64 |
| Cash & bank | 0.37 | 0.05 | 0.07 | 0.38 | 0.22 | 0.53 | 0.30 |
| Net working capital | 10.59 | 7.74 | 5.99 | 6.16 | 5.79 | 7.16 | 7.38 |
| Cash flow | |||||||
| Cash from operations | (4.17) | (2.46) | (0.29) | (0.33) | 0.99 | (0.12) | (0.85) |
| Cash from investing | 1.61 | (9.68) | 0.26 | 0.18 | 0.17 | 0.35 | 1.23 |
| Cash from financing | 2.87 | 12.12 | (0.27) | 0.30 | (1.46) | 0.00 | (0.37) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.55 | 0.54 | 0.35 | 0.46 | 0.36 | 0.15 | 0.44 |
| Revenue growth | +1.9% | +54.3% | -23.9% | +27.8% | +140.0% | -65.9% | - |
| Other income | 1.54 | 0.76 | 0.26 | 0.18 | 0.17 | 0.35 | 0.46 |
| Total expenses | 2.03 | 1.19 | 0.51 | 0.58 | 0.45 | 0.71 | 1.17 |
| Employee cost | 0.29 | 0.32 | 0.33 | 0.51 | 0.43 | 0.43 | 0.85 |
| EBITDA | (1.48) | (0.65) | (0.16) | (0.12) | (0.09) | (0.56) | (0.73) |
| EBITDA margin | -269.1% | -120.4% | -45.7% | -26.1% | -25.0% | -373.3% | -165.9% |
| Depreciation | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Interest | 0.00 | 0.05 | 0.03 | 0.00 | 0.05 | 0.17 | 0.17 |
| Profit before tax | 0.06 | 0.05 | 0.06 | 0.05 | 0.02 | (0.39) | (0.46) |
| Tax | 0.01 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | (0.03) |
| Net profit | (0.92) | 0.03 | 0.06 | 0.05 | 0.02 | (0.39) | (0.43) |
| Net profit margin | -167.3% | +5.6% | +17.1% | +10.9% | +5.6% | -260.0% | -97.7% |
| EPS (₹) | 0.03 | 0.04 | 0.14 | 0.27 | 0.20 | (1.86) | (1.94) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.88 | 10.05 | 4.19 | 2.10 | 2.10 | 2.10 | 2.10 |
| Reserves & surplus | 8.90 | 6.86 | 1.47 | 3.50 | 3.45 | 3.41 | 3.80 |
| Shareholders' funds (net worth) | 20.78 | 17.87 | 5.66 | 5.60 | 5.55 | 5.51 | 5.90 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.65 | 1.59 |
| Unsecured loans | 0.30 | 0.43 | 0.44 | 0.69 | 0.38 | 0.15 | 0.05 |
| Total debt | 0.30 | 0.43 | 0.44 | 0.69 | 0.38 | 1.80 | 1.64 |
| Total liabilities | 21.08 | 18.29 | 6.10 | 6.29 | 5.92 | 7.31 | 7.53 |
| Assets | |||||||
| Gross block | 0.14 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
| Net block | 0.00 | 0.07 | 0.08 | 0.08 | 0.09 | 0.10 | 0.11 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 10.44 | 10.44 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 1.41 | 1.80 | 2.17 | 2.23 | 1.97 | 1.85 | 1.89 |
| Sundry debtors | 0.54 | 0.52 | 0.72 | 0.69 | 0.35 | 0.64 | 0.64 |
| Cash & bank balances | 0.37 | 0.05 | 0.07 | 0.38 | 0.22 | 0.53 | 0.30 |
| Loans & advances | 9.36 | 9.74 | 4.15 | 4.02 | 4.05 | 4.80 | 5.13 |
| Total current assets | 11.68 | 12.11 | 7.11 | 7.32 | 6.59 | 7.82 | 7.96 |
| Total current liabilities | 1.09 | 4.37 | 1.12 | 1.16 | 0.80 | 0.66 | 0.58 |
| Net working capital | 10.59 | 7.74 | 5.99 | 6.16 | 5.79 | 7.16 | 7.38 |
| Total assets | 21.08 | 18.29 | 6.10 | 6.29 | 5.92 | 7.31 | 7.53 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.04 | 0.07 | 0.38 | 0.22 | 0.53 | 0.30 | 0.29 |
| Net cash from operating activities | (4.17) | (2.46) | (0.29) | (0.33) | 0.99 | (0.12) | (0.85) |
| Net cash from investing activities | 1.61 | (9.68) | 0.26 | 0.18 | 0.17 | 0.35 | 1.23 |
| Net cash from financing activities | 2.87 | 12.12 | (0.27) | 0.30 | (1.46) | 0.00 | (0.37) |
| Net change in cash | 0.32 | (0.03) | (0.30) | 0.16 | (0.31) | 0.23 | 0.01 |
| Closing cash | 0.37 | 0.05 | 0.07 | 0.38 | 0.22 | 0.53 | 0.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.9% | +54.3% | -23.9% | +27.8% | +140.0% | -65.9% | - |
| EBITDA growth | -127.7% | -306.3% | -33.3% | -33.3% | +83.9% | +23.3% | - |
| PBT growth | +20.0% | -16.7% | +20.0% | +150.0% | +9998.0% | +15.2% | - |
| Net income growth | -3166.7% | -50.0% | +20.0% | +150.0% | +105.1% | +9.3% | - |
| Revenue CAGR (3Y) | +6.1% | +14.5% | +32.6% | +1.5% | -49.2% | -59.9% | -44.2% |
| EBITDA CAGR (3Y) | +131.0% | +93.3% | -34.1% | -45.2% | -32.3% | +14.8% | +94.0% |
| Profitability & leverage | |||||||
| Net income margin | +9.1% | +5.6% | +17.1% | +10.9% | +5.6% | -260.0% | -97.7% |
| Return on capital employed | -4.6% | +0.9% | +1.5% | +1.0% | +1.4% | -3.0% | -3.4% |
| Return on net worth | -4.8% | +0.3% | +1.1% | +1.1% | +0.7% | -6.8% | -6.7% |
| Debt / equity | 0.02 | 0.04 | 0.10 | 0.10 | 0.20 | 0.30 | 0.29 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.00 | -7.58 | -17.65 | 0.00 | -50.00 | -29.82 | -22.67 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.39 | 1.69 | 1.09 | 1.44 | 1.13 | 0.47 | 1.38 |
| Inventory turnover | 0.34 | 0.27 | 0.16 | 0.22 | 0.19 | 0.08 | 0.24 |
| Debtors turnover | 1.04 | 0.87 | 0.50 | 0.88 | 0.73 | 0.23 | 0.68 |
| EPS (₹) | 0.03 | 0.04 | 0.14 | 0.27 | 0.20 | (1.86) | (1.94) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 17.49 | 16.82 | 13.50 | 26.72 | 26.45 | 26.25 | 28.11 |
Charges & Borrowings of Jet Solar Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Apr 2016 | State Bank of Travancore | ₹2.78 Cr | Satisfied |
| 06 Jul 2015 | State Bank of Travancore | ₹94 Lakh | Satisfied |
| 11 Oct 2010 | State Bank of Travancore | ₹25 Lakh | Satisfied |
| 11 Oct 2010 | State Bank of Travancore | ₹25 Lakh | Satisfied |
| 22 Sep 2009 | State Bank of Travancore | ₹55.4 Lakh | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Jet Solar Limited
Employment history and EPFO contributions of people linked to Jet Solar.
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.
GST Compliance of Jet Solar Limited
Jet Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACJ9982B1ZK | Gujarat | Active | 01 Jul 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.
Credit Ratings, Litigation & Regulatory Alerts for Jet Solar 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 Jet Solar 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 Jet Solar 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.
MCA Filings & Documents of Jet Solar 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.
Recent Activity on Jet Solar Limited
Frequently Asked Questions about Jet Solar Limited
Jet Solar is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 27 September 2001 (25+ years old) and is registered under CIN L43222MH2001PLC133483. Listed on BSE: 538794.
Jet Solar reported revenue of ₹55 Lakh for FY 2025-26 (up 1.9% YoY) based on standalone financials.
Jet Solar has 4 current directors:
- Rajul Rameshchandra Shah - Managing Director
- Nirav Arun Modi - Director
- Dipesh Dhirajlal Maru - Director
- Niddhi Anand Shah - Director
The GSTIN of Jet Solar is 24AAACJ9982B1ZK, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Jet Solar is L43222MH2001PLC133483. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Jet Solar is listed on BSE with code 538794.
Jet Solar was incorporated on 27 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
Jet Solar can be reached through the website jetinfra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Jet Solar is at Office No.1 Nandanvan Business Centre E – Wing 1 Flr Nandanvan Apt Kandivali Link Road Kandi, Vali West, Mumbai, Maharashtra, India – 400067.