Mi Solar (India) Private Limited - Company Profile

It is a environment private limited company based in Vadodara, Gujarat, India, established in 2016.
2016 Vadodara, Gujarat, India Active
Last Updated:
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About Mi Solar (India) Private Limited

Mi Solar (India) Private Limited, a active private limited company, was established on 15 February 2016 in Vadodara, Gujarat, India. Engaging in solar energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: U93000GJ2016PTC086089. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹3.01 Cr and a paid-up capital of ₹3.01 Cr.

It upholds a compliant status. Employing 1 professional, Its leadership includes Mohanan Shankaran Choran (Director), Amit Khurana Ashok (Director). Past directors included Gopal Hareshbhai Shah, Mohanan Shankaran Choran, Rasika Vikramsinh Chauhan. It holds ₹8.84 Cr open charges and no settled loans. Its latest AGM occurred on 24 September 2025, with the balance sheet filed on 31 March 2025. It is based at Madhav House, Near Pancharatna Building Subhanpura, Vadodara, Gujarat, 390023.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U93000GJ2016PTC086089

  • Registration Number

    086089

  • Incorporation Date

    15 February 2016

  • Authorized Capital

    ₹3.01 Cr

  • Paid-Up Capital

    ₹3.01 Cr

  • ROC Code

    Roc Ahmedabad

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 3.01 Cr
  • Paid Up Capital ₹ 3.01 Cr
  • Company Age 9 Year, 11 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 8.84 Cr
  • Revenue Growth **** 433.28%
  • Profit Growth **** -1.17%
  • Ebitda **** 32.23%
  • Net Worth 5.64%
  • Total Assets **** 26.09%
Company report

Mi Solar (India) Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mi Solar (India) 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 Mi Solar (India) Private Limited?
Current Directors
Name Designation Appointment Date Status
Mohanan Shankaran Choran Director 11 May 2019 Current
Amit Khurana Ashok Director 15 Feb 2016 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 11 May 2019 Past
Pramod Abcsdd Additional Director 30 Sep 2019 Past
Pramod Abcsdd Director 11 May 2019 Past
Pramod Abcsdd Director 11 May 2019 Past

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Financial Performance of Mi Solar (India).

Mi Solar (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 433.28% increase. The company also saw a slight decrease in profitability, with a 1.17% decrease in profit. The company's net worth moved up by a moderate rise of 5.64%.

Mi Solar (India) revenue growth over time
Mi Solar (India) profit and loss trends over time
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
  • 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
********
 433.28%
*******
*******
*******
*******
Revenue from Operations
*******
 469.72%
*******
*******
*******
*******
Total Assets
*******
 26.09%
*******
*******
*******
*******
Profit or Loss
*******
 -1.17%
*******
*******
*******
*******
Net Worth
*******
 5.64%
*******
*******
*******
*******
EBITDA
*******
 32.23%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Mi Solar (India)?

In 2023, Mi Solar (India) had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹88,400,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Sidbi : 8.84 Cr
Latest Charge Details
Date Lender Amount Status
24 Oct 2024 Sidbi ₹2.00 Cr Open
05 Jan 2022 Sidbi ₹5.40 M Open
03 Jul 2020 Sidbi ₹6.00 M Open
24 Mar 2017 Sidbi ₹5.70 Cr Open

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How Many Employees Work at Mi Solar (India)?

Mi Solar (India) has a workforce of 1 employees as of Apr 10, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mi Solar (India), 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 Mi Solar (India)'s trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

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 Mi Solar (India)
Recent Activity within the Organization
  • Annual General Meeting

    The activity Mi Solar (India) Private Limited last Annual general meeting of members was held on 24 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Mi Solar (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.

  • Charges

    The activity A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 101002637 was registered on 24 Oct 2024. was completed.

  • Charges

    The activity A charge with Sidbi amounted to Rs. 0.54 Cr with Charge ID 100520782 was registered on 05 Jan 2022. was completed.

  • Charges

    A charge with Sidbi amounted to Rs. 0.60 Cr with Charge ID 100346880 was registered on 03 Jul 2020. was recorded as a recent event.

  • Director Appointment

    Progress on Mohanan Shankaran Choran was appointed as a Director was appointed as a Director on 11 May 2019 & has been associated with this company since 6 years 9 months . was documented.

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Frequently Asked Questions
What is the CIN of Mi Solar (India) Private Limited?

The CIN of Mi Solar (India) Private Limited is U93000GJ2016PTC086089.

Where is Mi Solar (India) Private Limited headquartered?

Mi Solar (India) Private Limited is headquartered at Madhav House, Near Pancharatna Building Subhanpura, Vadodara, Gujarat, 390023.

When was Mi Solar (India) Private Limited incorporated?

Mi Solar (India) Private Limited was incorporated on 15 February 2016.

Who are the current directors of Mi Solar (India) Private Limited?

The current directors of Mi Solar (India) Private Limited are

What is the primary industry of Mi Solar (India) Private Limited?

The primary industry of Mi Solar (India) Private Limited is Electricity, Gas, Steam And Air Condition Supply.

Is Mi Solar (India) Private Limited a listed company?

Mi Solar (India) Private Limited is unlisted.

What is the capital structure of Mi Solar (India) Private Limited?

The authorized capital of Mi Solar (India) Private Limited is ₹3.01 Cr, and the paid-up capital is ₹3.01 Cr.

What is the compliance status of Mi Solar (India) Private Limited?

The compliance status of Mi Solar (India) Private Limited is Compliant.

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