About KN Muddebihal Solar Energy Private Limited
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KN Muddebihal Solar Energy Private Limited was a private limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Adani Renewable Energy Holding Ten 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 16 May 2016.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40300GJ2016PTC128075. Its GSTIN is 29AAGCK1573K1Z5 (Karnataka).
The company had an authorised share capital of ₹18.5 Cr and a paid-up capital of ₹17.57 Cr. It was led by directors including Mitesh A Chauhan and Vikas Gulati.
Its last annual general meeting (AGM) was held on 15 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 ₹23.95 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹3.36 Cr (net margin 14%) and EBITDA of ₹22.28 Cr (EBITDA margin 93%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹93.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 2 deals on record (2 acquisitions); the latest was in August 2019. Its 5 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 smaller; the largest is Belgaum Renewable Energy Private Limited with revenue of ₹23.95 Cr. The company has 2 MSME Form 1 returns on record between 2022 and 2023, listing 4 overdue payments to 2 micro and small suppliers.
The last known website on record is esselgroup.com.
Company details
CIN history
KN Muddebihal Solar Energy has one previous CIN (Corporate Identification Number): U40300MH2016PTC281175. The current CIN is U40300GJ2016PTC128075, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300GJ2016PTC128075 | Current |
| U40300MH2016PTC281175 | Previous |
Contact details
KN Muddebihal Solar Energy Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of KN Muddebihal 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 KN Muddebihal 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 KN Muddebihal Solar Energy Private Limited, buy the company report.
Financials of KN Muddebihal Solar Energy Private Limited
FY 2023 filings availableKN Muddebihal Solar Energy Private Limited reported revenue of ₹23.95 Cr (up 44% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over three years, including 44% growth in the latest year. EBITDA rose 46% 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 |
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| EBITDA | ₹22.28 Cr | ||||
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| Net Profit (PAT) | ₹3.36 Cr | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 93% | ||||
| Net Profit Margin | 14% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of KN Muddebihal Solar Energy Private Limited, buy the company report.
Board of directors of KN Muddebihal Solar Energy Private Limited
KN Muddebihal Solar Energy has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mitesh A Chauhan Also directs: Le Cirage Enterprise LLP, Adani Renewable Energy Holding One Limited, Adani Solar Energy Kutchh Two Limited and 5 more | Director | 20 Oct 2022 | 4 Years 0 Months | As last reported |
| Vikas Gulati | Director | 09 Sep 2020 | 6 Years 2 Months | As last reported |
| Rajeev Lochan Also directs: Adani Renewable Energy Sixteen Limited | Director | 09 Sep 2020 | 6 Years 2 Months | As last reported |
Peer comparison
KN Muddebihal Solar Energy Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| KN Muddebihal Solar Energy Private Limitedthis company | ₹23.95 Cr (FY 2023) | ₹3.36 Cr | 14% | 44.0% | 1 | Ahmedabad, Gujarat, India |
| Belgaum Renewable Energy Private Limited | ₹23.95 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Lone Cypress Ventures Private Limited | ₹23.9 Cr (FY 2025) | 2.0% | Noida, Uttar Pradesh, India | |||
| Talf Solar India Private Limited | ₹23.83 Cr (FY 2025) | 275.0% | New Delhi, Delhi, India | |||
| Speed Mecotronix Private Limited | ₹23.74 Cr (FY 2024) | 80.0% | Sengottai, Tamil Nadu, India | |||
| Mi Mysolar24 Private Limited | ₹23.57 Cr (FY 2023) | 7.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of KN Muddebihal Solar Energy Private Limited, buy the company report.
Auditor
KN Muddebihal Solar Energy Private Limited is audited by DHARMESH PARIKH & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHARMESH PARIKH & CO LLP | FY 2022 | 112054W/W100725 |
Shareholding
The shareholding of KN Muddebihal Solar Energy Private 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 KN Muddebihal Solar Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2017 | 100086922 | Others | ₹93.5 Cr | Satisfied |
To see the full charge records of KN Muddebihal Solar Energy Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
KN Muddebihal Solar Energy Private Limited has 2 deals on record (2 acquisitions); the latest was in August 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Acquisition | Undisclosed | Buyer: Adani Green Energy Limited Seller: Essel Green Energy Private Limited , Essel Infraprojects Limited |
| Jan 2017 | Acquisition | ₹21.07 Cr | Buyer: Essel Green Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
KN Muddebihal Solar Energy Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, DHARWAD, Karnataka | Civil suit | Filed against the company | Pending |
To see the full case history of KN Muddebihal Solar Energy 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
KN Muddebihal Solar Energy Private Limited was last rated by Care on 17 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Mar 2022 |
To see the full credit ratings and regulatory alerts of KN Muddebihal Solar Energy Private Limited, buy the company report.
MSME payment delays
KN Muddebihal Solar Energy Private Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kohinoor Solar | |||
| Nexroot Solutions Private Limited |
To see the full MSME payment records of KN Muddebihal Solar Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
KN Muddebihal Solar Energy Private Limited has a workforce of 1 employees on its EPFO records as of Jul 2020, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 1 |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of KN Muddebihal Solar Energy Private Limited, buy the company report.
GST
KN Muddebihal Solar Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCK1573K1Z5 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of KN Muddebihal Solar Energy Private Limited, buy the company report.
Recent activity
KN Muddebihal Solar Energy Private Limited has 20 board changes on record since 2016: 3 appointments and 17 cessations. The latest: Mitesh A Chauhan ceased to be Additional Director on 14 Jul 2023.
13 earlier events are in the company report.
Frequently asked questions
KN Muddebihal Solar Energy 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.
KN Muddebihal Solar Energy was a private limited company based in Ahmedabad, Gujarat, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 16 May 2016 and is registered under CIN U40300GJ2016PTC128075. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
KN Muddebihal Solar Energy was incorporated on 16 May 2016. It is registered with the Registrar of Companies, Ahmedabad.
KN Muddebihal Solar Energy had 3 directors:
- Mitesh A Chauhan - Director
- Vikas Gulati - Director
- Rajeev Lochan - Director
The CIN (Corporate Identification Number) of KN Muddebihal Solar Energy is U40300GJ2016PTC128075. 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 KN Muddebihal Solar Energy is at Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.
KN Muddebihal Solar Energy can be reached through the website esselgroup.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of KN Muddebihal Solar Energy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 15 July 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of KN Muddebihal Solar Energy is 29AAGCK1573K1Z5, registered in Karnataka.
KN Muddebihal Solar Energy operated in the environment industry, in the solar energy solutions segment.
KN Muddebihal Solar Energy has 2 deals on record (2 acquisitions); the latest was in August 2019.
The peers of KN Muddebihal Solar Energy by revenue are Belgaum Renewable Energy Private Limited, Lone Cypress Ventures Private Limited, Talf Solar India Private Limited, Speed Mecotronix Private Limited, Mi Mysolar24 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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