About Mas Solar Systems Limited
Data last updated:
Mas Solar Systems Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 05 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U40106TZ2010PLC016269. Its GSTIN is 33AAGCM6893G1Z6 (Tamil Nadu). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹9 Cr. It is led by directors including Palaniswamy Anbazhagan (Managing Director) and Kuppuraj Suganthi (Whole-Time Director).
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 Shed No 153 SIDCO Industrial Estate Malumachampatti, Coimbatore, Tamil Nadu, India – 641050.
As per the financials filed for FY 2025, the company reported a revenue of ₹39.86 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹4.08 Cr (net margin 10.2%) and EBITDA of ₹5.81 Cr (EBITDA margin 14.6%). Revenue has grown at a compounded annual rate (CAGR) of 65% over three years and 42% over five years.
The company has about 34 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹10.42 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 3 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 massolarsystems.com.
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- WebsiteLocked
- Social Media
- Registered AddressShed No 153 SIDCO Industrial Estate Malumachampatti, Coimbatore, Tamil Nadu, India – 641050
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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 Mas Solar Systems Limited
The main business activity of Mas Solar Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Mas Solar Systems Limited FY 2025 filings available
Mas Solar Systems Limited reported revenue of ₹39.86 Cr (down 36% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mas Solar Systems Limited
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 42%. EBITDA fell 15% 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 Mas Solar Systems 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 | ₹5.81 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.08 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 | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mas Solar Systems Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.2% | •••• | •••• | •••• | •••• |
| 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 Mas Solar Systems are in the company report.
Financial statements from 2015
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 Mas Solar Systems Limited
Mas Solar Systems Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mubasa Powers Private Limited | ₹40.2 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Patiala, Punjab, India |
| Livint Green Technologies Limited | ₹40.15 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Thane, Maharashtra, India |
| Chhabi Electricals Private Limited | ₹40.14 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Jalgaon, Maharashtra, India |
| Surana Solar Limited Listed | ₹39.98 Cr (FY 2025) | •••• | •••• | 112.0% | •••• | Hyderabad, Telangana, India |
| Tarapur Servo-Tech Private Limited | ₹39.94 Cr (FY 2024) | •••• | •••• | 148.0% | •••• | Palghar, Maharashtra, India |
| Mas Solar Systems Limited this company | ₹39.86 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Coimbatore, Tamil Nadu, India |
| Novanext Energies Private Limited | ₹39.8 Cr (FY 2025) | •••• | •••• | 444.0% | •••• | Jamnagar, Gujarat, India |
| Generons Energy Private Limited | ₹39.72 Cr (FY 2024) | •••• | •••• | 120.0% | •••• | New Delhi, Delhi, India |
| Opto Marketing Co Pvt Ltd | ₹39.44 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Pace Switchgears Private Limited | ₹39.37 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Bangalore, Karnataka, India |
| Vega Controls Private Limited | ₹39.33 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mas Solar Systems by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Mas Solar Systems Limited
Mas Solar Systems has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohana Preethi Also directs: Mas Solar PV Private Limited, Mas Solar Epc Private Limited, Deczland Entertainment Private Limited and 2 more | Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Raju Vincent Jayaraj | Director | 14 Feb 2025 | 1 Years 7 Months | Current |
| Palaniswamy Anbazhagan Also directs: Mas Solar PV Private Limited, Mas Solar Epc Private Limited | Managing Director | 05 Aug 2010 | 16 Years 2 Months | Current |
| Kuppuraj Suganthi | Whole-Time Director | 15 Dec 2013 | 12 Years 9 Months | Current |
| Narayanaswamy Devendiran Also directs: Libaka Renewables Private Limited, Boreale Power Private Limited | Additional Director | 22 Oct 2025 | 0 Years 11 Months | Current |
| Deviagounder Visagamoorthi | Director | 14 Feb 2025 | 1 Years 7 Months | Current |
Charges & Borrowings of Mas Solar Systems Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Sep 2025 | Indian Overseas Bank | ₹35 Lakh | Open |
| 17 Apr 2012 | Indian Overseas Bank | ₹10.07 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Mas Solar Systems Limited
Mas Solar Systems Limited has 7 court cases on record: 3 filed by Mas Solar Systems, 4 filed against it. 3 cases are pending and 4 are disposed. Status as checked between 03 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 2 | 3 |
| District courts | 3 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| Madras High Court | Appeal | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Medchal Malkajgiri, Telangana | Criminal complaint | Filed against the company by M/S.V.K. Solar Solutions | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Mas Solar Systems Limited
Employment history and EPFO contributions of people linked to Mas Solar Systems.
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.
CIN History of Mas Solar Systems Limited
Mas Solar Systems has one previous CIN (Corporate Identification Number): U40106TZ2010PTC016269. The current CIN is U40106TZ2010PLC016269, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106TZ2010PLC016269 | Current |
| U40106TZ2010PTC016269 | Previous |
Recent Activity on Mas Solar Systems Limited
Mas Solar Systems Limited has 13 board changes on record since 2010: 6 appointments and 7 cessations. The latest: Narayanaswamy Devendiran was appointed as Additional Director on 22 Oct 2025.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mas Solar Systems 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 Mas Solar Systems 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 Mas Solar Systems 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 Mas Solar Systems Limited
Mas Solar Systems has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCM6893G1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
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 Mas Solar Systems 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 Mas Solar Systems Limited
Mas Solar Systems is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 05 August 2010 (16+ years old) and is registered under CIN U40106TZ2010PLC016269.
Mas Solar Systems reported revenue of ₹39.86 Cr for FY 2025 (down 36% YoY).
Mas Solar Systems has 6 current directors:
- Palaniswamy Anbazhagan - Managing Director
- Kuppuraj Suganthi - Whole-Time Director
- Mohana Preethi - Director
- Raju Vincent Jayaraj - Director
- Narayanaswamy Devendiran - Additional Director
- Deviagounder Visagamoorthi - Director
Mas Solar Systems reported a net profit of ₹4.08 Cr (net margin 10.2%) and EBITDA of ₹5.81 Cr (EBITDA margin 14.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mas Solar Systems is 65% over three years and 42% over five years. In the latest year (FY 2025) revenue fell 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mas Solar Systems is 33AAGCM6893G1Z6, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mas Solar Systems is U40106TZ2010PLC016269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mas Solar Systems has 7 court cases on record: 3 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Mas Solar Systems was incorporated on 05 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Mas Solar Systems by revenue are Mubasa Powers Private Limited, Livint Green Technologies Limited, Chhabi Electricals Private Limited, Surana Solar Limited, Tarapur Servo-Tech Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Narayanaswamy Devendiran was appointed as Additional Director on 22 Oct 2025. Deviagounder Visagamoorthi ceased to be Additional Director on 01 Jun 2025. Raju Vincent Jayaraj ceased to be Additional Director on 01 Jun 2025. Mas Solar Systems has 13 board changes on record in total.