Madhav Solar Private Limited - Company Profile

Q: Who are the current directors of Madhav Solar Private Limited?

The current directors of Madhav Solar Private Limited are Jayprakash Laxmichand Bajaj, Kishor Pranjivandas Mandalia.

It is a environment private limited company based in Daskroi, Gujarat, India, established in 2013.

2013 Daskroi, Gujarat, India Active

Last Updated: January 06, 2026

About Madhav Solar Private Limited

Madhav Solar Private Limited, a active private limited company, was established on 13 August 2013 in Daskroi, Gujarat, India. Engaging in wind energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: U40106GJ2013PTC076409. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹12.00 Cr and a paid-up capital of ₹9.60 Cr.

It upholds a compliant status. Its leadership includes Jayprakash Laxmichand Bajaj (Director), Kishor Pranjivandas Mandalia (Director). Past directors included Neelakshi Amit Khurana, Himaxi Sudhirbhai Prajapati, Jayprakash Laxmichand Bajaj. It holds ₹18.00 Cr open charges and ₹22.38 Cr settled loans. Its latest AGM occurred on 28 September 2024, with the balance sheet filed on 31 March 2024. It is based at Zaveri House, Third Floor, Sanidhya,, Opp. Planet Landmark Hotel, Bopal - Ambli Road,, Daskroi, Gujarat, 380058.

Company Details

CIN/LLPIN
U40106GJ2013PTC076409
Registration Number
076409
Incorporation Date
13 August 2013
Authorized Capital
₹12.00 Cr
Paid-Up Capital
₹9.60 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 12.00 Cr as on 06-01-2026
Paid Up Capital ₹ 9.60 Cr as on 06-01-2026
Company Age 12 Year, 6 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 18.00 Cr as on 06-01-2026
Satisfied Charges ₹ 22.38 Cr as on 06-01-2026
Revenue Growth **** -4.99% (FY 2023)
Profit Growth **** -29.70% (FY 2023)
Ebitda **** -2.44% (FY 2023)
Net Worth -15.49% (FY 2023)
Total Assets **** 4.06% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Madhav Solar Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Madhav Solar Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Jayprakash Laxmichand Bajaj	Director	18 Apr 2019	Current
Kishor Pranjivandas Mandalia	Director	14 Apr 2019	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	08 May 2019	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	28 Sep 2019	Past
Pramod Abcsdd	Additional Director	28 Sep 2019	Past
Pramod Abcsdd	Director	08 Jan 2020	Past
Pramod Abcsdd	Director	08 Jan 2020	Past

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Financial Performance of Madhav Solar.

Madhav Solar Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 4.99% decrease. The company also saw a substantial fall in profitability, with a 29.7% decrease in profit. The company's net worth observed a substantial decline by a decrease of 15.49%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-4.99%

*******

Revenue from Operations

*******

-4.57%

*******

Total Assets

*******

4.06%

*******

Profit or Loss

*******

-29.70%

*******

Net Worth

*******

-15.49%

*******

EBITDA

*******

-2.44%

*******

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What is the Ownership and Shareholding Structure of Madhav Solar?

In 2023, Madhav Solar had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹180,000,000.00

Satisfied Charges

₹223,800,000.00

Charges Breakdown by Lending Institutions

Others : 18.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
31 Jan 2025	Others	₹18.00 Cr	Open
28 Mar 2014	Idbi Bank Limited	₹22.38 Cr	Satisfied

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How Many Employees Work at Madhav Solar?

Unlock and access historical data on people associated with Madhav Solar, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Madhav Solar, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Madhav Solar's trajectory.

Rating

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Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Madhav Solar

Recent Activity within the Organization

Charges

A charge with Others amounted to Rs. 18.00 Cr with Charge ID 101045999 was registered on 31 Jan 2025. was recorded as a recent event.
31 Jan 2025
Annual General Meeting

The activity Madhav Solar Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records. was completed.
28 Sep 2024
Balance Sheet

The activity Madhav Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was completed.
31 Mar 2024
Charges

Progress on A charge registered on 28 Mar 2014 via Charge ID 10486994 with Idbi Bank Limited was fully satisfied on 22 Sep 2023. was documented.
22 Sep 2023
Director Appointment

The activity Jayprakash Laxmichand Bajaj was appointed as a Director was appointed as a Director on 18 Apr 2019 & has been associated with this company since 6 years 10 months . was completed.
18 Apr 2019
Director Appointment

The activity Kishor Pranjivandas Mandalia was appointed as a Director was appointed as a Director on 14 Apr 2019 & has been associated with this company since 6 years 10 months . was completed.
14 Apr 2019

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