Kindle Engineering and Construction Private Limited
About Kindle Engineering and Construction Private Limited
Data last updated:
Kindle Engineering and Construction Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte.Ltd.. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 22 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U45400GJ2010PTC107792. Its GSTIN is 24AAECK1635Q1ZA (Gujarat).
The company has an authorised share capital of ₹2.05 Cr and a paid-up capital of ₹2.01 Cr. It is led by directors Bharat Rathi and Narasimhan Sowmya.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹67.16 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹13.52 Cr (net margin 20.1%) and EBITDA of ₹48.3 Cr (EBITDA margin 71.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹335.09 Cr and satisfied charges of ₹297.5 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 8 deals on record (6 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹186.52 Cr; the latest was in March 2023. Its 8 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 4 smaller; the largest is Hild Energy Private Limited with revenue of ₹67.93 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Kindle Engineering and Construction has one previous CIN (Corporate Identification Number): U45400DL2010PTC210652. The current CIN is U45400GJ2010PTC107792, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45400GJ2010PTC107792 | Current |
| U45400DL2010PTC210652 | Previous |
Contact details
Kindle Engineering and Construction Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Kindle Engineering and Construction 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 Kindle Engineering and Construction 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 Kindle Engineering and Construction Private Limited, buy the company report.
Financials of Kindle Engineering and Construction Private Limited
FY 2025 filings availableKindle Engineering and Construction Private Limited reported revenue of ₹67.16 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 7% growth in the latest year. EBITDA rose 13% 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 |
|---|---|---|---|---|---|
| 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 | ₹48.3 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.52 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.9% | ||||
| Net Profit Margin | 20.1% | ||||
| 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 Kindle Engineering and Construction Private Limited, buy the company report.
Board of directors of Kindle Engineering and Construction Private Limited
Kindle Engineering and Construction has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimhan Sowmya | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Bharat Rathi Also directs: Solitaire Energies Limited, Responsive Sutip Limited, Hiraco Renewable Energy Private Limited and 5 more | Director | 26 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Kindle Engineering and Construction Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Hild Energy Private Limited | ₹67.93 Cr (FY 2025) | -45.0% | Chennai, Tamil Nadu, India | |||
| Sei Phoebus Private Limited | ₹67.74 Cr (FY 2025) | -6.0% | Hyderabad, Telangana, India | |||
| Dayanidhi Solar Power Private Limited | ₹67.59 Cr (FY 2025) | 6.0% | Gurgaon, Haryana, India | |||
| Rising Bhadla 1 Private Limited | ₹67.36 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Kindle Engineering and Construction Private Limitedthis company | ₹67.16 Cr (FY 2025) | ₹13.52 Cr | 20.1% | 7.0% | 5 | Ahmedabad, Gujarat, India |
| Rising Bhadla 2 Private Limited | ₹67.1 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Acme Jodhpur Solar Power Private Limited | ₹66.81 Cr (FY 2025) | 1.0% | Gurgaon, Haryana, India | |||
| Be Onsite Solar Energy Private Limited | ₹66.14 Cr (FY 2025) | 29.0% | Pune, Maharashtra, India | |||
| Adani Green Energy Twenty Six B Limited | ₹66.12 Cr (FY 2025) | 27450.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Kindle Engineering and Construction Private Limited, buy the company report.
Auditor
Kindle Engineering and Construction Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N / N500013 |
Shareholding
The shareholding of Kindle Engineering and Construction Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kindle Engineering and Construction Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154007 | Sbicap Trustee Company Limited | ₹114.26 Cr | Open | |
| 13 Jul 2017 | 100110359 | Others | ₹220.83 Cr | Open | |
| 06 Feb 2014 | 10475892 | Power Finance Corporation Limited | ₹297.5 Cr | Satisfied |
To see the full charge records of Kindle Engineering and Construction Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Kindle Engineering and Construction Private Limited has 8 deals on record (6 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹186.52 Cr; the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: MAIF Investments India Pte Limited Seller: Peridot Power Ventures Limited , Hindustan Cleanenergy Limited |
| Jul 2018 | Secondary share transfer | Undisclosed | Buyer: Peridot Power Ventures Limited Seller: Hindustan Cleanenergy Limited |
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: MAIF Investments India Pte Limited Seller: Moser Baer Clean Energy Limited & Sunil Sharma, Hindustan Cleanenergy Limited |
| Jul 2014 | Rights issue | ₹13 Cr | Investors: Hindustan Cleanenergy Limited |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Hindustan Cleanenergy Limited Seller: Moser Baer Clean Energy Limited & Sunil Sharma |
To see the full deal history of Kindle Engineering and Construction Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kindle Engineering and Construction Private Limited has 1 court case on record: 1 filed by Kindle Engineering and Construction. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed by the company against Torrent Power Limited and 4 others | Disposed |
To see the full case history of Kindle Engineering and Construction 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.
Credit ratings & regulatory alerts
Kindle Engineering and Construction Private Limited was last rated by Crisil on 19 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Mar 2020 |
To see the full credit ratings and regulatory alerts of Kindle Engineering and Construction Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kindle Engineering and Construction Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kindle Engineering and Construction Private Limited has a workforce of 5 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Kindle Engineering and Construction has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECK1635Q1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kindle Engineering and Construction Private Limited, buy the company report.
Recent activity
Kindle Engineering and Construction Private Limited has 17 board changes on record since 2011: 2 appointments and 15 cessations. The latest: Narasimhan Sowmya was appointed as Nominee Director on 21 Mar 2025.
14 earlier events are in the company report.
Frequently asked questions
Kindle Engineering and Construction is an active private limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 22 November 2010 (16+ years old) and is registered under CIN U45400GJ2010PTC107792.
Kindle Engineering and Construction has 2 current directors:
- Narasimhan Sowmya - Nominee Director
- Bharat Rathi - Director
The latest financial statements of Kindle Engineering and Construction on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kindle Engineering and Construction is 24AAECK1635Q1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Kindle Engineering and Construction is U45400GJ2010PTC107792. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kindle Engineering and Construction has 1 court case on record: 1 filed by the company.
Kindle Engineering and Construction was incorporated on 22 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kindle Engineering and Construction has 8 deals on record (6 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹186.52 Cr; the latest was in March 2023.
The peers of Kindle Engineering and Construction by revenue are Hild Energy Private Limited, Sei Phoebus Private Limited, Dayanidhi Solar Power Private Limited, Rising Bhadla 1 Private Limited, Rising Bhadla 2 Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Narasimhan Sowmya was appointed as Nominee Director on 21 Mar 2025. Kushkumar Rajeev Shetty ceased to be Nominee Director on 07 Jul 2021. Sanjay Narula ceased to be Nominee Director on 10 Jul 2020. Kindle Engineering and Construction has 17 board changes on record in total.
The registered office of Kindle Engineering and Construction is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.