About Malwa Solar Power Generation Private Limited
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Malwa Solar Power Generation Private Limited is a private limited company based in Gurgaon, Haryana, India, a subsidiary of Vector Green Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 27 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106HR2017PTC118865. Its GSTIN is 23AAKCM8624P1ZV (Madhya Pradesh).
The company has an authorised share capital of ₹66 Cr and a paid-up capital of ₹65.1 Cr. It was formerly known as Malwa Solar Power Generation Limited. It is led by directors including Mahesh Chandrakant Vipradas and Katare Narendra Rao Sanjeev Kumar.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.18 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹5.97 Cr (net margin 11%) and EBITDA of ₹43.23 Cr (EBITDA margin 79.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 311% over five years.
The company is associated with 1 brand: Vector Green Energy. As per MCA filings, the company has open charges of ₹96.2 Cr and satisfied charges of ₹1,448.17 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it. The company has 4 deals on record (2 acquisitions, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹36.35 Cr; the latest was in March 2018. Its 4 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 1 smaller; the largest is Shreyas Renewable Energy Private Limited with revenue of ₹54.36 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sembcorpindia.com.
Company details
CIN history
Malwa Solar Power Generation has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40106HR2017PTC118865, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106HR2017PTC118865 | Current |
| U40106DL2017PLC313507 | Previous |
| U40106DL2017PTC313507 | Previous |
Contact details
Malwa Solar Power Generation Private Limited's registered office is in Gurgaon, Haryana. Its website is sembcorpindia.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressBuilding 7A Level 5 DLF Cyber City, Gurugram, Gurgaon, Haryana, India – 122002
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Malwa Solar Power Generation 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
Malwa Solar Power Generation operates one associated brand: Vector Green Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar and wind power are produced independently as renewable energy. | vector-green.com |
Business activity
The main business activity of Malwa Solar Power Generation 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 Malwa Solar Power Generation Private Limited, buy the company report.
Financials of Malwa Solar Power Generation Private Limited
FY 2025 filings availableMalwa Solar Power Generation Private Limited reported revenue of ₹54.18 Cr (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 311% over five years, including 9% growth in the latest year. EBITDA rose 16% 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 | ₹43.23 Cr | ||||
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| Net Profit (PAT) | ₹5.97 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 | 79.8% | ||||
| Net Profit Margin | 11% | ||||
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To see the full financial statements and ratios of Malwa Solar Power Generation Private Limited, buy the company report.
Board of directors of Malwa Solar Power Generation Private Limited
Malwa Solar Power Generation has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Chandrakant Vipradas Also directs: Vector Green Energy Private Limited, Citra Real Estate Limited, Vector Green Sunshine Private Limited and 3 more | Director | 10 Jan 2023 | 3 Years 9 Months | Current |
| Katare Narendra Rao Sanjeev Kumar Also directs: Vector Green Prayagraj Solar Private Limited, Green Infra Solar Generation Limited, Green Infra Clean Assets Limited and 5 more | Director | 23 Jan 2025 | 1 Years 9 Months | Current |
| Harsh Bansal | Director | 01 Nov 2023 | 3 Years 0 Months | Current |
Peer comparison
Malwa Solar Power Generation Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Shreyas Renewable Energy Private Limited | ₹54.36 Cr (FY 2025) | -9.0% | Hyderabad, Telangana, India | |||
| Cmes Jupiter Private Limited | ₹54.27 Cr (FY 2025) | 175.0% | Mumbai, Maharashtra, India | |||
| Renew Medak Power Private Limited | ₹54.2 Cr (FY 2025) | -9.0% | Gurugram, Haryana, India | |||
| Malwa Solar Power Generation Private Limitedthis company | ₹54.18 Cr (FY 2025) | ₹5.97 Cr | 11% | 9.0% | Gurgaon, Haryana, India | |
| Azure Photovoltaic Private Limited | ₹53.36 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India |
To see the full peer comparison of Malwa Solar Power Generation Private Limited, buy the company report.
Auditor
Malwa Solar Power Generation Private Limited is audited by B S R & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2023 | 101248W/W100022 |
Shareholding
The shareholding of Malwa Solar Power Generation Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Malwa Solar Power Generation Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2017 | 100135805 | Sbicap Trustee Company Limited | ₹48 Cr | Open | |
| 22 Nov 2017 | 100135808 | Sbicap Trustee Company Limited | ₹48.2 Cr | Open | |
| 29 Jun 2021 | 100462367 | Others | ₹19 Cr | Satisfied | |
| 29 Jun 2021 | 100462373 | Others | ₹16 Cr | Satisfied | |
| 29 Jun 2021 | 100462378 | Others | ₹197 Cr | Satisfied |
To see the full charge records of Malwa Solar Power Generation Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Malwa Solar Power Generation Private Limited has 4 deals on record (2 acquisitions, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹36.35 Cr; the latest was in March 2018.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Global Infrastructure Partners Seller: Il&Fs Energy Development Company Limited |
| Jan 2018 | Acquisition | ₹65.1 Cr | Buyer: Vector Green Energy Private Limited Seller: Il&Fs Energy Development Company Limited |
| Jun 2017 | Acquisition | ₹65 Cr | Buyer: Il&Fs Energy Development Company Limited |
To see the full deal history of Malwa Solar Power Generation 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
Malwa Solar Power Generation Private Limited has 6 court cases on record: 3 filed by Malwa Solar Power Generation, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed against the company by Vikram Solar Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed by the company against Vikram Solar Ltd. | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against M/S Vikram Solar Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed against the company by Vikram Solar Private Limited | Disposed |
To see the full case history of Malwa Solar Power Generation 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
Malwa Solar Power Generation Private Limited was last rated by Care on 30 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 30 Sep 2020 |
To see the full credit ratings and regulatory alerts of Malwa Solar Power Generation Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Malwa Solar Power Generation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Malwa Solar Power Generation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAKCM8624P1ZV | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Malwa Solar Power Generation Private Limited, buy the company report.
Recent activity
Malwa Solar Power Generation Private Limited has 29 board changes on record since 2017: 16 appointments and 13 cessations. The latest: Katare Narendra Rao Sanjeev Kumar was appointed as Director on 23 Jan 2025.
40 earlier events are in the company report.
Frequently asked questions
Malwa Solar Power Generation is an active private limited company based in Gurgaon, Haryana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 27 February 2017 (9+ years old) and is registered under CIN U40106HR2017PTC118865.
Malwa Solar Power Generation has 3 current directors:
- Mahesh Chandrakant Vipradas - Director
- Katare Narendra Rao Sanjeev Kumar - Director
- Harsh Bansal - Director
The latest financial statements of Malwa Solar Power Generation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Malwa Solar Power Generation is 23AAKCM8624P1ZV, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Malwa Solar Power Generation is U40106HR2017PTC118865. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Malwa Solar Power Generation has 6 court cases on record: 3 filed by the company and 3 filed against it.
Malwa Solar Power Generation was incorporated on 27 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Malwa Solar Power Generation has 4 deals on record (2 acquisitions, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹36.35 Cr; the latest was in March 2018.
The peers of Malwa Solar Power Generation by revenue are Shreyas Renewable Energy Private Limited, Cmes Jupiter Private Limited, Renew Medak Power Private Limited, Azure Photovoltaic Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Katare Narendra Rao Sanjeev Kumar was appointed as Director on 23 Jan 2025. Manoj Kumar Tyagi ceased to be Director on 30 Nov 2024. Guptajee Kedarisetty ceased to be CFO on 01 Nov 2023. Malwa Solar Power Generation has 29 board changes on record in total.
Malwa Solar Power Generation can be reached through the website sembcorpindia.com. Its registered office is in Gurgaon, Haryana, India.
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