About Mamadapur Solar Private Limited
Data last updated:
Mamadapur Solar Private Limited is a private limited company based in Udaipur, Rajasthan, India, a subsidiary of Nexus South Mall Management Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 17 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40300RJ2017PTC059517. Its GSTIN is 29AALCM4495K1ZN (Karnataka).
The company has an authorised share capital of ₹12.2 Cr and a paid-up capital of ₹1.49 Lakh. It is led by directors including Jayen Ajit Naik and Nishank Ramesh Joshi.
Its last annual general meeting (AGM) was held on 25 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at NH 08 Bhuwana, Udaipur, Rajasthan, India – 313004.
As per the financials filed for FY 2025, the company reported a revenue of ₹32.03 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹7.5 Cr (net margin 23.4%) and EBITDA of ₹16.94 Cr (EBITDA margin 52.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 5% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹60 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website prestigeconstructions.com.
Company details
Contact details
Mamadapur Solar Private Limited's registered office is in Udaipur, Rajasthan. Its website is prestigeconstructions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNH 08 Bhuwana, Udaipur, Rajasthan, India – 313004
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Mamadapur 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
Business activity
The main business activities of Mamadapur Solar are electricity, gas, steam and air condition supply and real estate. In detail, this covers electric power generation, transmission and distribution and real estate activities on fee or contract basis. 2 activity segments are registered with the MCA.
| 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 | |
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Mamadapur Solar Private Limited, buy the company report.
Financials of Mamadapur Solar Private Limited
FY 2025 filings availableMamadapur Solar Private Limited reported revenue of ₹32.03 Cr (down 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 36% 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 | ₹16.94 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹7.5 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 | 52.9% | ||||
| Net Profit Margin | 23.4% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Mamadapur Solar Private Limited, buy the company report.
Board of directors of Mamadapur Solar Private Limited
Mamadapur Solar has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayen Ajit Naik Also directs: Euthoria Developers Private Limited, Nexus Mangalore Retail Private Limited, Nexus Green Power Private Limited and 5 more | Nominee Director | 04 Jun 2024 | 2 Years 5 Months | Current |
| Nishank Ramesh Joshi Also directs: CSJ Infrastructure Private Limited., Euthoria Developers Private Limited, Nexus Mangalore Retail Private Limited and 1 more | Nominee Director | 11 Dec 2024 | 1 Years 10 Months | Current |
| Nilesh Kumar Singh Also directs: CSJ Infrastructure Private Limited., Nexus Green Power Private Limited, Daksha Infrastructure Private Limited and 4 more | Nominee Director | 12 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Mamadapur Solar Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| VVSR Green Energy Private Limited | ₹32.94 Cr (FY 2024) | 127.0% | Coimbatore, Tamil Nadu, India | |||
| Pennar Renewables Private Limited | ₹32.77 Cr (FY 2025) | 35.0% | Hyderabad, Telangana, India | |||
| Top Light Renewable Energy Private Limited | ₹32.74 Cr (FY 2024) | 52.0% | Tirupur, Tamil Nadu, India | |||
| Talettutayi Solar Projects Five Private Limited | ₹32.67 Cr (FY 2025) | -7.0% | Gurgaon, Haryana, India | |||
| Mamadapur Solar Private Limitedthis company | ₹32.03 Cr (FY 2025) | ₹7.5 Cr | 23.4% | -21.0% | 9 | Udaipur, Rajasthan, India |
| Punarvi Energies Limited | ₹31.86 Cr (FY 2025) | 316.0% | Hyderabad, Telangana, India | |||
| PLG Photovoltaic Private Limited | ₹31.77 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Deligentia Energy and Infrastructures Private Limited | ₹31.74 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Mamadapur Solar Private Limited, buy the company report.
Auditor
Mamadapur Solar Private Limited is audited by WALKER CHANDIOK & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WALKER CHANDIOK & CO. LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Mamadapur Solar 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 Mamadapur Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jul 2018 | 100197543 | Sbicap Trustee Company Limited | ₹60 Cr | Satisfied |
To see the full charge records of Mamadapur Solar Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mamadapur Solar Private Limited has 5 court cases on record: 1 filed by Mamadapur Solar, 4 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 2 | 1 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against Bangalore Electricity Supply Company Limited and 3 others | Disposed |
| District court, VIJAYAPURA, Karnataka | Court case (R.A.) | Filed against the company | Pending |
| High Court of Karnataka | Appeal | Filed against the company by Karnataka Electricity Regulatory Commission | Pending |
| District court, VIJAYAPURA, Karnataka | Civil suit | Filed against the company by individuals | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company | Disposed |
To see the full case history of Mamadapur 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
Mamadapur Solar Private Limited was last rated by Icra on 22 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Nov 2021 |
To see the full credit ratings and regulatory alerts of Mamadapur Solar Private Limited, buy the company report.
MSME payment delays
Mamadapur Solar Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 40 overdue payments to 12 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 (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Accutech Infosystems Private Limited | |||
| Offshore Accounting and Taxation Services Private Limited | |||
| an individual supplier | |||
| J & M Hospitality Services Private Limited | |||
| Eden Aircon |
To see the full MSME payment records of Mamadapur Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mamadapur Solar Private Limited has a workforce of 9 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Mamadapur Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AALCM4495K1ZN | Karnataka | Active | 13 Jan 2018 |
To see the full GST registrations and return filing status of Mamadapur Solar Private Limited, buy the company report.
Recent activity
Mamadapur Solar Private Limited has 17 board changes on record since 2018: 3 appointments and 14 cessations. The latest: Nishank Ramesh Joshi ceased to be Additional Director on 24 Jul 2025.
11 earlier events are in the company report.
News
Frequently asked questions
Mamadapur Solar is an active private limited company based in Udaipur, Rajasthan, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 17 November 2017 (9+ years old) and is registered under CIN U40300RJ2017PTC059517.
Mamadapur Solar has 3 current directors:
- Jayen Ajit Naik - Nominee Director
- Nishank Ramesh Joshi - Nominee Director
- Nilesh Kumar Singh - Nominee Director
The latest financial statements of Mamadapur Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 July 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Mamadapur Solar is 29AALCM4495K1ZN, registered in Karnataka.
The CIN (Corporate Identification Number) of Mamadapur Solar is U40300RJ2017PTC059517. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mamadapur Solar has 5 court cases on record: 1 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Mamadapur Solar was incorporated on 17 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Mamadapur Solar by revenue are VVSR Green Energy Private Limited, Pennar Renewables Private Limited, Top Light Renewable Energy Private Limited, Talettutayi Solar Projects Five Private Limited, Punarvi Energies Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Nishank Ramesh Joshi ceased to be Additional Director on 24 Jul 2025. Nishank Ramesh Joshi was appointed as Nominee Director on 11 Dec 2024. Jayen Ajit Naik ceased to be Additional Director on 22 Jul 2024. Mamadapur Solar has 17 board changes on record in total.
Mamadapur Solar has 8 MSME Form 1 returns on record between 2019 and 2024, listing 40 overdue payments to 12 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Mamadapur Solar can be reached through the website prestigeconstructions.com. Its registered office is in Udaipur, Rajasthan, India.
The registered office of Mamadapur Solar is at NH 08 Bhuwana, Udaipur, Rajasthan, India – 313004.
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