About Lanco Solar (Gujarat) Private Limited
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Lanco Solar (Gujarat) Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Derit Infrastructure Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 31 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U70102TG2005PTC047310. Its GSTIN is 24AABCL1095J1ZK (Gujarat).
The company has an authorised share capital of ₹194.15 Cr and a paid-up capital of ₹194.14 Cr. It was formerly known as Lanco Property Management Company Private Limited. It is led by directors including Kamal Kant Maheshwari and Digbijoy Roy.
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 Plot No.4 Software Units Layout Hitec City Madhapur, Hyderabad, Telangana, India – 500081.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.87 Cr, a decline of 60% compared to the previous year. For the same year it recorded a net loss of ₹22.42 Cr (net margin -118.8%) and EBITDA of ₹14.81 Cr (EBITDA margin 78.5%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 16% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Lanco Solar and Lanco Infratech. As per MCA filings, the company has open charges of ₹116.93 Cr and satisfied charges of ₹203.69 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 9 deals on record (4 secondary share transfers, 3 acquisitions, 1 rights issue), with disclosed funding of ₹184.81 Cr; the latest was in January 2021. 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, 2 larger and 3 smaller; the largest is Azure Power Rooftop Four Private Limited with revenue of ₹19.13 Cr. The company has 3 MSME Form 1 returns on record between 2017 and 2019, listing 3 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lancogroup.com.
Company details
CIN history
Lanco Solar (Gujarat) has one previous CIN (Corporate Identification Number): U70102AP2005PTC047310. The current CIN is U70102TG2005PTC047310, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102TG2005PTC047310 | Current |
| U70102AP2005PTC047310 | Previous |
Contact details
Lanco Solar (Gujarat) Private Limited's registered office is in Hyderabad, Telangana. Its website is lancogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.4 Software Units Layout Hitec City Madhapur, Hyderabad, Telangana, India – 500081
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Lanco Solar (Gujarat) 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
Brands
Lanco Solar (Gujarat) operates two associated brands: Lanco Solar and Lanco Infratech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multinational conglomerate with diverse interests in industries such as heavy equipment, construction, and power generation | lancogroup.com | |
| Delivers comprehensive solutions for real estate services. | lsgplimited.com |
Business activity
The main business activity of Lanco Solar (Gujarat) 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 Lanco Solar (Gujarat) Private Limited, buy the company report.
Financials of Lanco Solar (Gujarat) Private Limited
FY 2025 filings availableLanco Solar (Gujarat) Private Limited reported revenue of ₹18.87 Cr (down 60% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 60% fall in the latest year. EBITDA fell 64% 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 | ₹14.81 Cr | ||||
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| Net Profit (PAT) | -₹22.42 Cr | ||||
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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 | 78.5% | ||||
| Net Profit Margin | -118.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Lanco Solar (Gujarat) Private Limited, buy the company report.
Board of directors of Lanco Solar (Gujarat) Private Limited
Lanco Solar (Gujarat) has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Kishorbhai Mandalia | Additional Director | 01 Oct 2025 | 1 Years 1 Months | Current |
| Kamal Kant Maheshwari Also directs: Green Coal Renewables Private Limited, Newton Solar Private Limited, Khaya Solar Projects Private Limited and 5 more | Director | 02 May 2025 | 1 Years 6 Months | Current |
| Digbijoy Roy | Director | 28 Jul 2020 | 6 Years 3 Months | Current |
| Chanakya Chandreshkumar Mandalia Also directs: Green Coal Renewables Private Limited, Newton Solar Private Limited, Khaya Solar Projects Private Limited and 5 more | Additional Director | 01 Oct 2025 | 1 Years 1 Months | Current |
Peer comparison
Lanco Solar (Gujarat) 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 |
|---|---|---|---|---|---|---|
| Azure Power Rooftop Four Private Limited | ₹19.13 Cr (FY 2025) | 404.0% | New Delhi, Delhi, India | |||
| Solarcraft Infrastructure and Services Private Limited | ₹18.98 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| Lanco Solar (Gujarat) Private Limitedthis company | ₹18.87 Cr (FY 2025) | -₹22.42 Cr | -118.8% | -60.0% | 3 | Hyderabad, Telangana, India |
| Avaada Knsolar Private Limited | ₹18.63 Cr (FY 2025) | 1.0% | Noida, Uttar Pradesh, India | |||
| Neemuch Solar Power Private Limited | ₹18.6 Cr (FY 2025) | -7.0% | Gurugram, Haryana, India | |||
| Enerparc Solar Power 2 Private Limited | ₹18.59 Cr (FY 2025) | 69.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Lanco Solar (Gujarat) Private Limited, buy the company report.
Auditor
Lanco Solar (Gujarat) Private Limited is audited by HAM & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HAM & Co. | FY 2023 | 136368W |
Shareholding
The shareholding of Lanco Solar (Gujarat) 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 Lanco Solar (Gujarat) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Sep 2022 | 100610118 | Others | ₹116.93 Cr | Open | |
| 29 Apr 2022 | 100592805 | Others | ₹66.42 Cr | Satisfied | |
| 10 Jul 2020 | 100398544 | Others | ₹20.17 Cr | Satisfied | |
| 24 Apr 2017 | 100113511 | Idbi Trusteeship Services Limited | ₹62 Cr | Satisfied | |
| 23 Feb 2017 | 100113035 | Idbi Trusteeship Services Limited | ₹55.11 Cr | Satisfied |
To see the full charge records of Lanco Solar (Gujarat) Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Lanco Solar (Gujarat) Private Limited has 9 deals on record (4 secondary share transfers, 3 acquisitions, 1 rights issue), with disclosed funding of ₹184.81 Cr; the latest was in January 2021.
Deals on record (4 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: Derit Infrastructure Private Limited Seller: Asset Reconstruction Company (India) Limited |
| Sep 2020 | Funding round | ₹184.81 Cr | Investors: Asset Reconstruction Company (India) Limited |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Hastinapur Property Pvt Ltd |
| May 2015 | Rights issue | ₹58.5 Lakh | Investors: Mercury Projects Private Limited , an individual |
To see the full deal history of Lanco Solar (Gujarat) 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
Lanco Solar (Gujarat) Private Limited has 1 court case on record: 1 filed by Lanco Solar (Gujarat). All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Ltd. and 2 others | Pending |
To see the full case history of Lanco Solar (Gujarat) 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
Lanco Solar (Gujarat) Private Limited was last rated by Care on 04 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Mar 2022 |
To see the full credit ratings and regulatory alerts of Lanco Solar (Gujarat) Private Limited, buy the company report.
MSME payment delays
Lanco Solar (Gujarat) Private Limited has 3 MSME Form 1 returns on record between 2017 and 2019, listing 3 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Lanco Solar (Gujarat) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lanco Solar (Gujarat) Private Limited has a workforce of 3 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Lanco Solar (Gujarat) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCL1095J1ZK | Gujarat | Active | 13 Dec 2017 |
To see the full GST registrations and return filing status of Lanco Solar (Gujarat) Private Limited, buy the company report.
Recent activity
Lanco Solar (Gujarat) Private Limited has 13 board changes on record since 2015: 4 appointments and 9 cessations. The latest: Chanakya Chandreshkumar Mandalia was appointed as Additional Director on 01 Oct 2025.
16 earlier events are in the company report.
News
Frequently asked questions
Lanco Solar (Gujarat) is an active private limited company based in Hyderabad, Telangana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 31 August 2005 (21+ years old) and is registered under CIN U70102TG2005PTC047310.
Lanco Solar (Gujarat) has 4 current directors:
- Yash Kishorbhai Mandalia - Additional Director
- Kamal Kant Maheshwari - Director
- Digbijoy Roy - Director
- Chanakya Chandreshkumar Mandalia - Additional Director
The latest financial statements of Lanco Solar (Gujarat) 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 GSTIN of Lanco Solar (Gujarat) is 24AABCL1095J1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Lanco Solar (Gujarat) is U70102TG2005PTC047310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lanco Solar (Gujarat) has 1 court case on record: 1 filed by the company. 1 is pending.
Lanco Solar (Gujarat) was incorporated on 31 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Hyderabad.
Lanco Solar (Gujarat) has 9 deals on record (4 secondary share transfers, 3 acquisitions, 1 rights issue), with disclosed funding of ₹184.81 Cr; the latest was in January 2021.
The peers of Lanco Solar (Gujarat) by revenue are Azure Power Rooftop Four Private Limited, Solarcraft Infrastructure and Services Private Limited, Avaada Knsolar Private Limited, Neemuch Solar Power Private Limited, Enerparc Solar Power 2 Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Chanakya Chandreshkumar Mandalia was appointed as Additional Director on 01 Oct 2025. Yash Kishorbhai Mandalia was appointed as Additional Director on 01 Oct 2025. Kamal Kant Maheshwari ceased to be Additional Director on 29 Sep 2025. Lanco Solar (Gujarat) has 13 board changes on record in total.
Lanco Solar (Gujarat) has 3 MSME Form 1 returns on record between 2017 and 2019, listing 3 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Oct 2019.
Lanco Solar (Gujarat) can be reached through the website lancogroup.com. Its registered office is in Hyderabad, Telangana, India.
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