Karad Solar Energy Private Limited
About Karad Solar Energy Private Limited
Data last updated:
Karad Solar Energy Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 28 July 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U40106MH1982PTC027885.
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹300. It is led by directors Devendra Janardan Dixit and Sachin Uttam Shende.
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 Shangrila Garden1St Floor B & C Wing Opp Bundgarden, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2025, the company reported a revenue of ₹41.92 Lakh, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹9.63 Lakh (net margin 23%) and EBITDA of ₹13.05 Lakh (EBITDA margin 31.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 71% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Karad Solar Energy has one previous CIN (Corporate Identification Number): U74140MH1982PTC027885. The current CIN is U40106MH1982PTC027885, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH1982PTC027885 | Current |
| U74140MH1982PTC027885 | Previous |
Contact details
Karad Solar Energy Private Limited's registered office is in Pune, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShangrila Garden1St Floor B & C Wing Opp Bundgarden, Pune, Maharashtra, India – 411001
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Karad Solar Energy Private 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 Karad Solar Energy 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 Karad Solar Energy Private Limited, buy the company report.
Financials of Karad Solar Energy Private Limited
FY 2025 filings availableKarad Solar Energy Private Limited reported revenue of ₹41.92 Lakh (down 79% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 79% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 71%. EBITDA fell 70% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹13.05 Lakh | ||||
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| Net Profit (PAT) | ₹9.63 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.1% | ||||
| Net Profit Margin | 23% | ||||
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To see the full financial statements and ratios of Karad Solar Energy Private Limited, buy the company report.
Board of directors of Karad Solar Energy Private Limited
Karad Solar Energy has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Janardan Dixit | Director | 31 Mar 2015 | 11 Years 7 Months | Current |
| Sachin Uttam Shende Also directs: Varifix Engineering Tools Pvt Ltd, Monte Carlo Investment Pvt Ltd, Shrid Metal Technologies Private Limited and 2 more | Director | 18 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Karad Solar Energy Private Limited is audited by A S POTDAR & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S POTDAR & CO | FY 2017 | 107983W |
Shareholding
The shareholding of Karad Solar Energy Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Karad Solar Energy Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Karad Solar Energy Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karad Solar Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Karad Solar Energy Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karad Solar Energy Private Limited has 20 board changes on record since 1993: 11 appointments and 9 cessations. The latest: Avinash Shridhar Khare ceased to be Director on 18 Mar 2024.
11 earlier events are in the company report.
Frequently asked questions
Karad Solar Energy is an active private limited company based in Pune, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 28 July 1982 (44+ years old) and is registered under CIN U40106MH1982PTC027885.
Karad Solar Energy has 2 current directors:
- Devendra Janardan Dixit - Director
- Sachin Uttam Shende - Director
The latest financial statements of Karad Solar Energy 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Karad Solar Energy is U40106MH1982PTC027885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karad Solar Energy was incorporated on 28 July 1982, making it 44+ years old. It is registered with the Registrar of Companies, Pune.
Avinash Shridhar Khare ceased to be Director on 18 Mar 2024. Sachin Uttam Shende was appointed as Director on 18 Mar 2024. Avinash Shridhar Khare was appointed as Director on 30 Jun 2020. Karad Solar Energy has 20 board changes on record in total.
The registered office of Karad Solar Energy is at Shangrila Garden1St Floor B & C Wing Opp Bundgarden, Pune, Maharashtra, India – 411001.
Karad Solar Energy operates in the environment industry, in the solar energy solutions segment.
The compliance status of Karad Solar Energy is compliant as of 22 August 2026. The company is actively filing with the Registrar of Companies.
Karad Solar Energy can be reached at its registered office: Shangrila Garden1St Floor B & C Wing Opp Bundgarden, Pune, Maharashtra, India – 411001.
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