About Kamuthi Solar Power Limited
Data last updated:
Kamuthi Solar Power Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Adani Green Energy (Tamilnadu) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 04 June 2015.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2015PLC083399. Its GSTIN is 33AAFCK8399E1Z8 (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹381 Cr and a paid-up capital of ₹381 Cr. It was led by directors including Rajiv Mehta (Whole-Time Director) and Manish.
Its last annual general meeting (AGM) was held on 18 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹857.47 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹566.15 Cr (net margin 66%) and EBITDA of ₹847.87 Cr (EBITDA margin 98.9%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 33% over five years.
As per MCA filings, the company had satisfied charges of ₹886.81 Cr on record. Court records list 30 cases involving the company, including 6 filed by the company and 24 filed against it; 13 cases are pending. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in January 2017. Its 3 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 2 smaller; the largest is KKV Agro Powers Limited with revenue of ₹962.23 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 24 micro and small suppliers.
The last known website on record is adani.com.
Company details
Contact details
Kamuthi Solar Power Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Nr. Vaishno Devi Circle S G Highway Kh, Odiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Kamuthi 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
Business activity
The main business activity of Kamuthi Solar Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Kamuthi Solar Power Limited, buy the company report.
Financials of Kamuthi Solar Power Limited
FY 2023 filings availableKamuthi Solar Power Limited reported revenue of ₹857.47 Cr (up 352% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over five years, including 352% growth in the latest year. EBITDA rose 362% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹857.47 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹847.87 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹566.15 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 98.9% | ||||
| Net Profit Margin | 66% | ||||
| 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 Kamuthi Solar Power Limited, buy the company report.
Board of directors of Kamuthi Solar Power Limited
Kamuthi Solar Power has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Also directs: Mrva Energy Solutions LLP, Draax Fashions Private Limited, Adani Renewable Energy Fifty One Limited and 5 more | Director | 31 Mar 2021 | 5 Years 7 Months | As last reported |
| Vijay Parsottam Vadhia | Director | 20 Jan 2021 | 5 Years 9 Months | As last reported |
| Rajiv Mehta Also directs: Adani Green Energy Sixty Five Limited, Adani Green Energy Sixty Six Limited, Adani Green Energy Sixty Seven Limited and 5 more | Whole-Time Director | 25 Oct 2021 | 5 Years 0 Months | As last reported |
| Rohan Tonage | Director | 30 Aug 2022 | 4 Years 2 Months | As last reported |
| Dipti Yogesh Shah Also directs: Ocean Sparkle Limited, Moxie Power Generation Limited, Mundra LPG Terminal Private Limited and 5 more | Director | 01 Feb 2023 | 3 Years 9 Months | As last reported |
Peer comparison
Kamuthi 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 |
|---|---|---|---|---|---|---|
| KKV Agro Powers Limited | ₹962.23 Cr (FY 2025) | -38.0% | Coimbatore, Tamil Nadu, India | |||
| Kamuthi Solar Power Limitedthis company | ₹857.47 Cr (FY 2023) | ₹566.15 Cr | 66% | 352.0% | Ahmedabad, Gujarat, India | |
| Welspun Energy Private Limited | ₹807.07 Cr (FY 2016) | -1.0% | Kutch, Gujarat, India | |||
| Renew Energy Markets Private Limited | ₹798.1 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India |
To see the full peer comparison of Kamuthi Solar Power Limited, buy the company report.
Auditor
Kamuthi Solar Power Limited is audited by Dharmesh Parikh & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dharmesh Parikh & Co | FY 2023 | 112054W/W-100725 |
Shareholding
The shareholding of Kamuthi Solar Power Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kamuthi Solar Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2017 | 100080367 | Sbicap Trustee Company Limited | ₹60 Cr | Satisfied | |
| 22 Dec 2015 | 10610919 | Standard Chartered Bank | ₹383.81 Cr | Satisfied | |
| 15 Sep 2015 | 10596083 | Sbicap Trustee Company Limited | ₹164 Cr | Satisfied | |
| 27 Aug 2015 | 10607201 | Others | ₹279 Cr | Satisfied |
To see the full charge records of Kamuthi Solar Power Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Kamuthi Solar Power Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in January 2017.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2017 | Acquisition | ₹380.95 Cr | Buyer: Adani Green Energy (Tamilnadu) Limited |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: Adani Green Energy (Tamilnadu) Limited , Adani Green Energy (Tamilnadu) Limited & Priti G Adani, Adani Green Energy (Tamilnadu) Limited & Vasant S Adani Seller: Adani Green Energy Limited , Adani Green Energy (Tamilnadu) Limited & Vneet S. Jaain, Adani Green Energy Limited & Vasant Shantilal Adani |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kamuthi Solar Power Limited has 30 court cases on record: 6 filed by Kamuthi Solar Power, 24 filed against it. 13 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 18 | 12 |
| High courts | 9 | 5 | 0 |
| NCLT | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ramanathapuram, Tamil Nadu | Civil suit | Filed against the company | Pending |
| District court, Ramanathapuram, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| District court, Ramanathapuram, Tamil Nadu | Civil suit | Filed against the company | Pending |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Tamil Nadu Generation and Distribution Corporation Limited Through Its Chairman Tangedco, 6Th Floor, Tantransco Building, 144, Anna Salai ,Chennai , Tamil Nadu | Pending |
| District court, Ramanathapuram, Tamil Nadu | Court case (O S) | Filed against the company by individuals | Pending |
To see the full case history of Kamuthi 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.
MSME payment delays
Kamuthi Solar Power Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Fimer India Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Hydro Mechanikal Seals | |||
| an individual supplier |
To see the full MSME payment records of Kamuthi Solar Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Kamuthi Solar Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCK8399E1Z8 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kamuthi Solar Power Limited, buy the company report.
Recent activity
Kamuthi Solar Power Limited has 21 board changes on record since 2017: 5 appointments and 16 cessations. The latest: Dipti Yogesh Shah ceased to be Additional Director on 17 Jul 2023.
23 earlier events are in the company report.
News
Frequently asked questions
Kamuthi Solar Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Kamuthi Solar Power was a public limited company based in Ahmedabad, Gujarat, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 04 June 2015 and is registered under CIN U40106GJ2015PLC083399. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Kamuthi Solar Power was incorporated on 04 June 2015. It is registered with the Registrar of Companies, Ahmedabad.
Kamuthi Solar Power had 5 directors:
- Rajiv Mehta - Whole-Time Director
- Manish - Director
- Vijay Parsottam Vadhia - Director
- Rohan Tonage - Director
- Dipti Yogesh Shah - Director
The CIN (Corporate Identification Number) of Kamuthi Solar Power is U40106GJ2015PLC083399. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Kamuthi Solar Power is at Adani Corporate House Shantigram Nr. Vaishno Devi Circle S G Highway Kh, Odiyar, Ahmedabad, Gujarat, India – 382421.
Kamuthi Solar Power can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Kamuthi Solar Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 18 July 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Kamuthi Solar Power is 33AAFCK8399E1Z8, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Kamuthi Solar Power operated in the environment industry, in the solar energy solutions segment.
Kamuthi Solar Power has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in January 2017.
The peers of Kamuthi Solar Power by revenue are KKV Agro Powers Limited, Welspun Energy Private Limited, Renew Energy Markets Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
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