About Lanco Solar Private Limited
Data last updated:
Lanco Solar Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Lanco Solar Energy Private Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the semiconductor fabrication and manufacturing segment of the engineering sector. It was incorporated on 16 July 2008.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U74900TG2008PTC060157. Its GSTIN is 08AABCL4930G1ZN (Rajasthan). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹567.58 Cr. It is led by directors including Vijaya Kumar Yarram (Whole-Time Director) and Madhusudan Rao Lagadapati.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. 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 2019, the company reported a revenue of ₹3.94 Cr, a decline of 93% compared to the previous year. For the same year it recorded a net loss of ₹15.2 Cr (net margin -385.9%) and EBITDA of -₹6.29 Cr (EBITDA margin -159.7%). Revenue has declined at a compounded annual rate (CAGR) of 68% over three years.
The company has about 6 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Lanco Infratech. As per MCA filings, the company has open charges of ₹1,163.8 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 1 case is pending.
The last known website on record is lancogroup.com.
Company details
CIN history
Lanco Solar has one previous CIN (Corporate Identification Number): U74900AP2008PTC060157. The current CIN is U74900TG2008PTC060157, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900TG2008PTC060157 | Current |
| U74900AP2008PTC060157 | Previous |
Contact details
Lanco Solar 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
- IndustryEngineering, Semiconductor Fabrication & Manufacturing
To see the full contact details of Lanco Solar 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 operates one associated brand: 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 |
Business activity
The main business activity of Lanco Solar is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Lanco Solar Private Limited, buy the company report.
Financials of Lanco Solar Private Limited
FY 2019 filings availableLanco Solar Private Limited reported revenue of ₹3.94 Cr (down 93% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over three years, including a 93% fall in the latest year. EBITDA rose 14% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.2 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -159.7% | ||||
| Net Profit Margin | -385.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Lanco Solar Private Limited, buy the company report.
Board of directors and KMP of Lanco Solar Private Limited
Lanco Solar Private Limited currently reports 3 directors and 1 key managerial person. 20 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madhusudan Rao Lagadapati Also directs: Lanco Group Private Limited, Ravi Hydro Electric Private Limited, Himachal Hydro Power Private Limited and 1 more | Director | 17 Jul 2008 | 18 Years 3 Months | As last reported |
| Vijaya Kumar Yarram Also directs: Diwakar Solar Projects Limited, Bhanu Solar Projects Private Limited, Lanco Solar Services Private Limited and 3 more | Whole-Time Director | 29 Sep 2017 | 9 Years 0 Months | As last reported |
| Bharat Bhushan Garg Also directs: Bhanu Solar Projects Private Limited, Nice Infracon Private Limited, Golden Infraprojects Private Limited and 5 more | Cfo | 09 Feb 2018 | 8 Years 8 Months | As last reported |
| Gurbir Singh | Director | 31 Mar 2017 | 9 Years 6 Months | As last reported |
Auditor
Lanco Solar Private Limited is audited by BRAHMAYYA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BRAHMAYYA & CO | FY 2019 | 000511S |
Shareholding
The shareholding of Lanco Solar Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Lanco Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2010 | 10239364 | Others | ₹1,163.8 Cr | Open |
To see the full charge records of Lanco Solar Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Lanco Solar Private Limited has 3 court cases on record: 1 filed by Lanco Solar, 2 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed against the company by Axis Bank Ltd | Disposed |
| High Court | Writ petition | Filed by the company against M/S Powersol Engineers and Consultants Pvt. Ltd and 1 other | Disposed |
| High Court, TELANGANA | Court case (ITTA) | Filed against the company by The PR. Commissioner of Income-Tax-4 | Pending |
To see the full case history of Lanco Solar 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 Private Limited was last rated by Icra on 26 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 May 2022 |
To see the full credit ratings and regulatory alerts of Lanco Solar Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Lanco Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Lanco Solar has 1 subsidiary company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Bhanu Solar Projects Private Limited | U40106TG2009PTC065856 |
To see the full group structure of Lanco Solar Private Limited, buy the company report.
Employees & EPFO
Lanco Solar Private Limited has a workforce of 6 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Lanco Solar has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCL4930G1ZN | Rajasthan | Active | 01 Jul 2017 |
| 22AABCL4930G1ZX | Chhattisgarh | Active | 01 Jul 2017 |
| 22AABCL4930G2ZW | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lanco Solar Private Limited, buy the company report.
Recent activity
Lanco Solar Private Limited has 23 board changes on record since 2008: 4 appointments and 19 cessations. The latest: Gurpriya Kaur Bhasin ceased to be Director on 15 May 2019.
16 earlier events are in the company report.
News
Frequently asked questions
Lanco Solar is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Lanco Solar is a company under liquidation, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in semiconductor fabrication and manufacturing, within the engineering industry. It was incorporated on 16 July 2008 and is registered under CIN U74900TG2008PTC060157. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Lanco Solar has 4 current directors and KMP:
- Vijaya Kumar Yarram - Whole-Time Director
- Madhusudan Rao Lagadapati - Director
- Gurbir Singh - Director
- Bharat Bhushan Garg - Cfo
The latest financial statements of Lanco Solar on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Lanco Solar is U74900TG2008PTC060157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lanco Solar has open charges of ₹1,163.8 Cr and no satisfied charges on record as per latest MCA filings.
Lanco Solar has 3 court cases on record: 1 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Lanco Solar was incorporated on 16 July 2008. It is registered with the Registrar of Companies, Hyderabad.
Gurpriya Kaur Bhasin ceased to be Director on 15 May 2019. Sanjay Kumar Bhardwaj ceased to be Director on 10 May 2019. Ramakrishna Bandaru Rao ceased to be Director on 25 Sep 2018. Lanco Solar has 23 board changes on record in total.
Lanco Solar can be reached through the website lancogroup.com. Its registered office is in Hyderabad, Telangana, India.