MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0054420
Greensol Renewable Power Private Limited - environment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹43.02 Cr
▼ 9% YoY
Net profit · FY 2022
₹70.39 Lakh
Net margin 1.6%
EBITDA · FY 2022
₹5.63 Cr
EBITDA margin 13.1%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.5 Cr
Issued & subscribed
Open charges
₹34.16 Cr
Satisfied ₹85 Lakh
Company age
14 yrs
Est. 2012
Employees · EPFO
57
Provident fund records
About Greensol Renewable Power Private Limited
Data last updated:
Greensol Renewable Power Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 10 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52100KA2012PTC065842. Its GSTIN is 29AAECG8882F1Z4 (Karnataka). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as Greenenergy Impex Private Limited. It is led by directors including Swamy Nathan Ramalingam and Prakash Shetty.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 11 7th Cross 1st Main Road Sv Layout Sanjayanagr, Bangalore, Karnataka, India – 560094.
As per the financials filed for FY 2022, the company reported a revenue of ₹43.02 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹70.39 Lakh (net margin 1.6%) and EBITDA of ₹5.63 Cr (EBITDA margin 13.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 2% over five years.
The company has about 57 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GreenSol. As per MCA filings, the company has open charges of ₹34.16 Cr and satisfied charges of ₹85 Lakh on record. Court records list 61 cases involving the company, including 3 filed by the company and 58 filed against it; 28 cases are pending. The company has 4 deals on record (4 funding rounds), with disclosed funding of ₹2.31 Cr; the latest was in December 2017. The company has 8 MSME Form 1 returns on record between 2019 and 2021, listing 57 overdue payments to 16 micro and small suppliers.
Greensol Renewable Power Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0054420). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greensolgroup.com.
Company details
CIN U52100KA2012PTC065842
Registration Number 065842
Incorporation Date 10 September 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0054420
Key People
Swamy Nathan Ramalingam Director Prakash Shetty Director Srinivasan Selvaraj Panchatcharam Director Recognitions & Rankings of Greensol Renewable Power
Contact details
Greensol Renewable Power Private Limited's registered office is in Bangalore, Karnataka. Its website is greensolgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address11 7th Cross 1st Main Road Sv Layout Sanjayanagr, Bangalore, Karnataka, India – 560094
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Greensol Renewable Power Private Limited, buy the company report.
Comprehensive company report
Greensol Renewable Power Private Limited - one report that includes everything
- 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
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Brands
Greensol Renewable Power operates one associated brand: GreenSol. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides solar water pumping systems and PV installations for energy generation. | greensolgroup.com |
Business activity
The main business activity of Greensol Renewable Power is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Greensol Renewable Power Private Limited, buy the company report.
Financials of Greensol Renewable Power Private Limited
FY 2022 filings availableGreensol Renewable Power Private Limited reported revenue of ₹43.02 Cr (down 9% YoY) for FY 2022.
Revenue · FY 2022
₹43.02 Cr ▼ 9%
Net profit · FY 2022
₹70.39 Lakh margin 1.6%
EBITDA · FY 2022
₹5.63 Cr margin 13.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
3 years · compounded
▼ 13%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 26%
3 years · compounded
▼ 1%
5 years · compounded
▲ 20%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 9% fall in the latest year. EBITDA rose 26% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹43.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹5.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹70.39 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.1% | ||||
| Net Profit Margin | 1.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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To see the full financial statements and ratios of Greensol Renewable Power Private Limited, buy the company report.
Board of directors of Greensol Renewable Power Private Limited
Greensol Renewable Power has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swamy Nathan Ramalingam | Director | 06 Dec 2012 | 13 Years 10 Months | Current |
| Prakash Shetty | Director | 06 Dec 2012 | 13 Years 10 Months | Current |
| Srinivasan Selvaraj Panchatcharam | Director | 06 Dec 2012 | 13 Years 10 Months | Current |
Auditor
Greensol Renewable Power Private Limited is audited by ULLURA AND COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ULLURA AND COMPANY | FY 2022 | 010361S |
Shareholding
The shareholding of Greensol Renewable Power Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Greensol Renewable Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹34.16 Cr
Satisfied charges
₹85 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Sep 2019 | 100297496 | Others | ₹3 Cr | Open | |
| 11 Nov 2014 | 10534680 | Others | ₹31.16 Cr | Open | |
| 05 Feb 2013 | 10456437 | Syndicate Bank | ₹85 Lakh | Satisfied |
To see the full charge records of Greensol Renewable Power Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Greensol Renewable Power Private Limited has 4 deals on record (4 funding rounds), with disclosed funding of ₹2.31 Cr; the latest was in December 2017.
Total deals
4
Funding rounds
4
Disclosed funding
₹2.31 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Funding round | ₹1.28 Cr | Investors: 4 individuals |
| Jan 2017 | Funding round | ₹74.2 Lakh | Investors: 4 individuals |
| Jan 2016 | Funding round | ₹23.3 Lakh | Investors: 4 individuals |
| Mar 2015 | Funding round | ₹5.7 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Greensol Renewable Power Private Limited has 61 court cases on record: 3 filed by Greensol Renewable Power, 58 filed against it. 28 cases are pending and 33 are disposed.
Total cases
61
Filed by the company
3
Filed against the company
58
Pending
28
Disposed
33
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 58 | 27 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Iifl Finance Limited | Pending |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed against the company by M/S Fibox India Pvt Ltd THR Viren Ashokkumar Shah | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ecl Finance Limited. | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Yes Bank Ltd. | Pending |
To see the full case history of Greensol Renewable Power 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
Greensol Renewable Power Private Limited was last rated by Crisil on 16 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Mar 2020 |
To see the full credit ratings and regulatory alerts of Greensol Renewable Power Private Limited, buy the company report.
MSME payment delays
Greensol Renewable Power Private Limited has 8 MSME Form 1 returns on record between 2019 and 2021, listing 57 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Power Build Batteries Private Limited | |||
| Mani Sales Bangalore | |||
| Fujiyama Power Systems Limited | |||
| Cauvery Electricals Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Greensol Renewable Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Greensol Renewable Power Private Limited has a workforce of 57 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
57
Active EPFO establishments
1
Employee growth
-6.56%
GST
Greensol Renewable Power has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECG8882F1Z4 | Karnataka | Active | 01 Jul 2017 |
| 01AAECG8882F1ZM | Jammu and Kashmir | Active | 08 Jul 2017 |
| 22AAECG8882F1ZI | Chattisgarh | Active | 31 Jul 2018 |
To see the full GST registrations and return filing status of Greensol Renewable Power Private Limited, buy the company report.
Recent activity
Greensol Renewable Power Private Limited has 8 board changes on record since 2012: 3 appointments and 5 cessations. The latest: Jagadishchandra Shetty ceased to be Director on 31 Mar 2022.
AGM
Greensol Renewable Power Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Greensol Renewable Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Bangalore.
Ceased
Jagadishchandra Shetty ceased to be Director.
Charges
A charge with Others of Rs. 31.16 Cr registered on 11 Nov 2014 with Charge ID 10534680 was modified on 14 Jan 2022.
Charges
A charge with Others of Rs. 3.00 Cr registered on 30 Sep 2019 with Charge ID 100297496 was modified on 13 Jan 2021.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 100297496 was registered on 30 Sep 2019.
Ceased
Bhuvaneshwari Bhaskar ceased to be Director.
Charges
A charge registered on 05 Feb 2013 via Charge ID 10456437 with Syndicate Bank was fully satisfied on 28 Jan 2015.
Charges
A charge with Others amounted to Rs. 31.16 Cr with Charge ID 10534680 was registered on 11 Nov 2014.
Charges
A charge with Syndicate Bank of Rs. 0.85 Cr registered on 05 Feb 2013 with Charge ID 10456437 was modified on 12 Feb 2014.
Charges
A charge with Syndicate Bank amounted to Rs. 0.85 Cr with Charge ID 10456437 was registered on 05 Feb 2013.
Ceased
Neetha Shetty Prakash ceased to be Director.
6 earlier events are in the company report.
Frequently asked questions
Greensol Renewable Power is an active private limited company based in Bangalore, Karnataka, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 10 September 2012 (14+ years old) and is registered under CIN U52100KA2012PTC065842.
Greensol Renewable Power has 3 current directors:
- Swamy Nathan Ramalingam - Director
- Prakash Shetty - Director
- Srinivasan Selvaraj Panchatcharam - Director
The latest financial statements of Greensol Renewable Power on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Greensol Renewable Power is 29AAECG8882F1Z4, registered in Karnataka. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 01AAECG8882F1ZM (Jammu and Kashmir), 22AAECG8882F1ZI (Chattisgarh).
The CIN (Corporate Identification Number) of Greensol Renewable Power is U52100KA2012PTC065842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greensol Renewable Power has 61 court cases on record: 3 filed by the company and 58 filed against it. 28 are pending. Most are in the district courts.
Greensol Renewable Power was incorporated on 10 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.
Greensol Renewable Power has 4 deals on record (4 funding rounds), with disclosed funding of ₹2.31 Cr; the latest was in December 2017.
Jagadishchandra Shetty ceased to be Director on 31 Mar 2022. Bhuvaneshwari Bhaskar ceased to be Director on 07 Jun 2019. Neetha Shetty Prakash ceased to be Director on 06 Dec 2012. Greensol Renewable Power has 8 board changes on record in total.
Yes, Greensol Renewable Power is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0054420).
Greensol Renewable Power has 8 MSME Form 1 returns on record between 2019 and 2021, listing 57 overdue payments to 16 micro and small suppliers. The latest return was filed on 25 Mar 2022.