About Manikaran Renewables Limited
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Manikaran Renewables Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Manikaran Power Systems Limited. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 01 January 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U40300WB2016PLC209092. Its GSTIN is 19AAKCM1198A1ZG (West Bengal). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹4.25 Cr and a paid-up capital of ₹3.73 Cr. It was formerly known as Manikaran Solar Limited. It is led by directors including Sumit Singh Kalsi and Pravin Lee Abraham.
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 3B Aastha 460 Off E.M. Byepass Madhurdaha, Kolkata, West Bengal, India – 700107.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.87 Cr, a growth of 148% compared to the previous year. For the same year it recorded a net loss of ₹1.89 Cr (net margin -10.6%) and EBITDA of ₹68.96 Lakh (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 100% over three years and 74% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Manikaran Renewables. As per MCA filings, the company has open charges of ₹33.26 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manikaranrenewables.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3B Aastha 460 Off E.M. Byepass Madhurdaha, Kolkata, West Bengal, India – 700107
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
- 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
- One PDF report, delivered after checkout
Business Activity of Manikaran Renewables Limited
The main business activities of Manikaran Renewables are professional, scientific and technical, trade and electricity, gas, steam and air condition supply. In detail, this covers architecture, engineering activities, technical testing and analysis activities, retail trading and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities | Locked |
| G | Trade | G2 | Retail Trading | Locked |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Manikaran Renewables Limited FY 2025 filings available
Manikaran Renewables Limited reported revenue of ₹17.87 Cr (up 148% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Manikaran Renewables Limited
Revenue has grown at a compounded annual rate (CAGR) of 74% over five years, including 148% growth in the latest year. EBITDA fell 18% 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 of Manikaran Renewables Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹68.96 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.89 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Manikaran Renewables Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -10.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Manikaran Renewables are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Manikaran Renewables Limited
Manikaran Renewables Limited is compared with the companies closest to it by revenue in the Cleantech industry (EPC, BoP and BTG, Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tornado Solarfarms Limited | ₹17.99 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Somvanshi Solar & Power Consultancy Private Limited | ₹17.96 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Noida, Uttar Pradesh, India |
| R.K.Electric Automation Limited | ₹17.91 Cr (FY 2024) | •••• | •••• | 188.0% | •••• | Hyderabad, Telangana, India |
| Sunshell Connect Private Limited | ₹17.9 Cr (FY 2024) | •••• | •••• | 67.0% | •••• | Panchkula, Haryana, India |
| GVL Electro Controls Private Limited | ₹17.88 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Manikaran Renewables Limited this company | ₹17.87 Cr (FY 2025) | •••• | •••• | 148.0% | •••• | Kolkata, West Bengal, India |
| O2 Renewable Energy VIII Private Limited | ₹17.84 Cr (FY 2025) | •••• | •••• | 373.0% | •••• | New Delhi, Delhi, India |
| Somasila Solar Power Private Limited | ₹17.83 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Hyderabad, Telangana, India |
| Isosceles Sales and Service Private Limited | ₹17.81 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Pune, Maharashtra, India |
| Green Infra Clean Solar Energy Limited | ₹17.8 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Gurgaon, Haryana, India |
| JSW Akshaya Energy Private Limited | ₹17.74 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Manikaran Renewables by revenue in the Cleantech industry (EPC, BoP and BTG, Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Manikaran Renewables Limited
Manikaran Renewables Limited is audited by BOTHRA NIRMAL ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BOTHRA NIRMAL ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Manikaran Renewables Limited
Manikaran Renewables has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sumit Singh Kalsi Also directs: Manikaran Urban Spaces LLP, Hotel & Restaurant Association of Eastern India, Kalsi Buildcon Private Limited and 4 more | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Pravin Lee Abraham Also directs: Manikaran Analytics Limited, Manikaran Power Limited., Manikaran Hydro Private Limited and 2 more | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Jasmeet Singh Kalsi Also directs: Manikaran Urban Spaces LLP, Kalsi Buildcon Private Limited, Manikaran Analytics Limited and 5 more | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Navjeet Singh Kalsi Also directs: Manikaran Urban Spaces LLP, Kalsi Buildcon Private Limited, Manikaran Analytics Limited and 5 more | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
Ownership and Shareholding of Manikaran Renewables Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Manikaran Renewables Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Nov 2025 | Others | ₹86.16 Lakh | Open |
| 10 Nov 2025 | Others | ₹8.7 Lakh | Open |
| 16 Oct 2025 | Others | ₹11.9 Lakh | Open |
| 19 Sep 2025 | Others | ₹10 Cr | Open |
| 05 Mar 2025 | Others | ₹8.79 Cr | Open |
Total charge records: 8 View all charges
Associated Brands with Manikaran Renewables Limited
Manikaran Renewables operates one associated brand: Manikaran Renewables. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar energy services and power trading are handled by Manikaran Renewables in India. | manikaranrenewables.in |
Employees and EPFO Compliance at Manikaran Renewables Limited
Employment history and EPFO contributions of people linked to Manikaran Renewables.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Manikaran Renewables Limited
Manikaran Renewables has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Manikaran Green Power Private Limited | U40106WB2021PTC244639 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Manikaran Renewables Limited
Manikaran Renewables Limited has 8 board changes on record since 2016: 4 appointments and 4 cessations. The latest: Neelabhra Paul ceased to be Additional Director on 27 Dec 2020.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Manikaran Renewables Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Manikaran Renewables Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Manikaran Renewables Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Manikaran Renewables Limited
Manikaran Renewables has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAKCM1198A1ZG | West Bengal | Active | 01 Jul 2017 |
| 07AAKCM1198A2ZK | Delhi | Active | 25 Apr 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Manikaran Renewables Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Manikaran Renewables Limited
Manikaran Renewables is an active public limited company based in Kolkata, West Bengal, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 01 January 2016 (10+ years old) and is registered under CIN U40300WB2016PLC209092.
Manikaran Renewables reported revenue of ₹17.87 Cr for FY 2025 (up 148% YoY).
Manikaran Renewables has 4 current directors:
- Sumit Singh Kalsi - Director
- Pravin Lee Abraham - Director
- Jasmeet Singh Kalsi - Director
- Navjeet Singh Kalsi - Director
Manikaran Renewables reported a net loss of ₹1.89 Cr (net margin -10.6%) and EBITDA of ₹68.96 Lakh (EBITDA margin 3.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Manikaran Renewables is 100% over three years and 74% over five years. In the latest year (FY 2025) revenue rose 148%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Manikaran Renewables is 19AAKCM1198A1ZG, registered in West Bengal. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAKCM1198A2ZK (Delhi).
The CIN (Corporate Identification Number) of Manikaran Renewables is U40300WB2016PLC209092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manikaran Renewables was incorporated on 01 January 2016, making it 10+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Manikaran Renewables by revenue are Tornado Solarfarms Limited, Somvanshi Solar & Power Consultancy Private Limited, R.K.Electric Automation Limited, Sunshell Connect Private Limited, GVL Electro Controls Private Limited and 5 more, all in the Cleantech industry (EPC, BoP and BTG, Solar Power).
Neelabhra Paul ceased to be Additional Director on 27 Dec 2020. Sadhika Chopra ceased to be Additional Director on 06 Jun 2019. Aditya Malpani ceased to be Director on 15 Apr 2018. Manikaran Renewables has 8 board changes on record in total.
Manikaran Renewables can be reached through the website manikaranrenewables.in. Its registered office is in Kolkata, West Bengal, India.