About Kiran Solar One Private Limited
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Kiran Solar One Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Hinduja Renewables Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 04 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40101MH2010PTC205236. Its GSTIN is 27AAGCM6467Q1ZK (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹10.74 Cr and a paid-up capital of ₹10.7 Cr. It was formerly known as Mahindra Solar One Private Limited. It is led by directors including Deepaksingh Chandrasingh Thakur and Prasenjit Guha.
Its last annual general meeting (AGM) was held on 29 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 financials filed for FY 2025, the company reported a revenue of ₹10.17 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹2.28 Cr (net margin 22.4%) and EBITDA of ₹9.14 Cr (EBITDA margin 89.9%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 4% over five years.
The company has about 2 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹252 Cr and satisfied charges of ₹582.16 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹106.6 Cr; the latest was in May 2018. Its 6 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 4 smaller; the largest is Fpel Phoenix Private Limited with revenue of ₹10.33 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 59 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kiranenergy.com.
Company details
Contact details
Kiran Solar One Private Limited's registered office is in Mumbai, Maharashtra. Its website is kiranenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 1 Ground Floor Boston House, Suren Rd Off. Andheri Kurla Road Andheri East, Mumbai, Maharashtra, India – 400093
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Kiran Solar One 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 Kiran Solar One 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 Kiran Solar One Private Limited, buy the company report.
Financials of Kiran Solar One Private Limited
FY 2025 filings availableKiran Solar One Private Limited reported revenue of ₹10.17 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 1% fall in the latest year. EBITDA rose 20% 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 | ₹9.14 Cr | ||||
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| Net Profit (PAT) | ₹2.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 89.9% | ||||
| Net Profit Margin | 22.4% | ||||
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To see the full financial statements and ratios of Kiran Solar One Private Limited, buy the company report.
Board of directors of Kiran Solar One Private Limited
Kiran Solar One has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepaksingh Chandrasingh Thakur Also directs: Solarfield Energy Private Limited, Solarfield Energy Two Private Limited, Kiran Renewables Private Limited and 5 more | Director | 23 Sep 2025 | 1 Years 1 Months | Current |
| Prasenjit Guha Also directs: Solarfield Energy Private Limited, Solarfield Energy Two Private Limited, Kiran Renewables Private Limited and 2 more | Director | 20 Jun 2018 | 8 Years 4 Months | Current |
| Satheesh S Kumar Also directs: Solarfield Energy Private Limited, Solarfield Energy Two Private Limited, Kiran Renewables Private Limited and 1 more | Director | 13 Aug 2018 | 8 Years 2 Months | Current |
| Sumit Pandey | Director | 18 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Kiran Solar One Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Fpel Phoenix Private Limited | ₹10.33 Cr (FY 2025) | 94.0% | Hyderabad, Telangana, India | |||
| Sri Amman Sizing and Weaving Mills Private Limited | ₹10.32 Cr (FY 2024) | 762.0% | Annur, Tamil Nadu, India | |||
| Kiran Solar One Private Limitedthis company | ₹10.17 Cr (FY 2025) | ₹2.28 Cr | 22.4% | -1.0% | 2 | Mumbai, Maharashtra, India |
| Azure Power Forty Four Private Limited | ₹10.16 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Vasavi Solar Power Private Limited | ₹10.11 Cr (FY 2025) | 7.0% | Nizampet, Telangana, India | |||
| Radiance Ka Sunrise Three Private Limited | ₹10.1 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Fpel Power Private Limited | ₹10.1 Cr (FY 2025) | 259.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Kiran Solar One Private Limited, buy the company report.
Auditor
Kiran Solar One Private Limited is audited by S R B C & Co Llp for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & Co Llp | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Kiran Solar One 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
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To see the full shareholding pattern of Kiran Solar One Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jun 2022 | 100584020 | Others | ₹197 Cr | Satisfied | |
| 12 Mar 2018 | 100167363 | Others | ₹267.66 Cr | Satisfied | |
| 14 Aug 2017 | 100131139 | Others | ₹55 Cr | Satisfied | |
| 29 Jan 2013 | 10403312 | Tata Capital Financial Services Limited | ₹7 Cr | Satisfied | |
| 27 Jun 2012 | 10366709 | The Zoroastrian Cooperative Bank Limited | ₹3 Cr | Satisfied |
To see the full charge records of Kiran Solar One Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Kiran Solar One Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹106.6 Cr; the latest was in May 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Secondary share transfer | Undisclosed | Buyer: Kiran Energy Solar Power Private Limited & Venugopal Keshanakurthy Seller: Kiran Energy Solar Power Private Limited & Ardeshir Contractor |
| Feb 2018 | Secondary share transfer | Undisclosed | Buyer: Kiran Energy Solar Power Private Limited & Ardeshir Contractor, Kiran Energy Solar Power Private Limited Seller: Mahindra Holdings Limited |
| Feb 2012 | Funding round | ₹81.14 Cr | Investors: Kiran Energy Solar Power Private Limited , Mahindra Holdings Limited |
| Sep 2010 | Funding round | ₹25.46 Cr | Investors: Kiran Energy Solar Power Private Limited , Mahindra Holdings Limited |
| Sep 2010 | Acquisition | ₹10 Lakh | Buyer: Mahindra Holdings Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Kiran Solar One Private Limited has 2 court cases on record: 2 filed by Kiran Solar One. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Interim or miscellaneous application | Filed by the company against State Finance Dep Tax Divi Ors | Disposed |
| High Court | Writ petition | Filed by the company against State Finance Dep Tax Divi Ors | Disposed |
To see the full case history of Kiran Solar One 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
Kiran Solar One Private Limited was last rated by Crisil on 30 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Sep 2020 |
To see the full credit ratings and regulatory alerts of Kiran Solar One Private Limited, buy the company report.
MSME payment delays
Kiran Solar One Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 59 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Suresh Surana & Associates LLP | |||
| Reconnect Energy Solutions Limited | |||
| Mahindra Teqo Private Limited | |||
| Meera Corporation | |||
| M.B. Control & Systems Pvt Ltd |
To see the full MSME payment records of Kiran Solar One Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Kiran Solar One has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Kiran Suryaprakash India Private Limited | U40300MH2012PTC226017 |
To see the full group structure of Kiran Solar One Private Limited, buy the company report.
Employees & EPFO
Kiran Solar One Private Limited has a workforce of 2 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Kiran Solar One has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM6467Q1ZK | Maharashtra | Active | 01 Jul 2017 |
| 08AAGCM6467Q1ZK | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kiran Solar One Private Limited, buy the company report.
Recent activity
Kiran Solar One Private Limited has 19 board changes on record since 2012: 4 appointments and 15 cessations. The latest: Deepaksingh Chandrasingh Thakur ceased to be Additional Director on 28 Sep 2025.
24 earlier events are in the company report.
Frequently asked questions
Kiran Solar One is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 04 July 2010 (16+ years old) and is registered under CIN U40101MH2010PTC205236.
Kiran Solar One has 4 current directors:
- Deepaksingh Chandrasingh Thakur - Director
- Prasenjit Guha - Director
- Satheesh S Kumar - Director
- Sumit Pandey - Director
The latest financial statements of Kiran Solar One on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Kiran Solar One is 27AAGCM6467Q1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AAGCM6467Q1ZK (Rajasthan).
The CIN (Corporate Identification Number) of Kiran Solar One is U40101MH2010PTC205236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kiran Solar One has 2 court cases on record: 2 filed by the company.
Kiran Solar One was incorporated on 04 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Kiran Solar One has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹106.6 Cr; the latest was in May 2018.
The peers of Kiran Solar One by revenue are Fpel Phoenix Private Limited, Sri Amman Sizing and Weaving Mills Private Limited, Azure Power Forty Four Private Limited, Vasavi Solar Power Private Limited, Radiance Ka Sunrise Three Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Deepaksingh Chandrasingh Thakur ceased to be Additional Director on 28 Sep 2025. Deepaksingh Chandrasingh Thakur was appointed as Director on 23 Sep 2025. Sumit Pandey ceased to be Additional Director on 29 Sep 2022. Kiran Solar One has 19 board changes on record in total.
Kiran Solar One has 14 MSME Form 1 returns on record between 2019 and 2024, listing 59 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Kiran Solar One can be reached through the website kiranenergy.com. Its registered office is in Mumbai, Maharashtra, India.