MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-22-0024149
Navitas Green Solutions Private Limited - energy and power in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹291.51 Cr
▲ 44% YoY
Net loss · FY 2024
₹60.99 Lakh
Net margin -0.2%
EBITDA · FY 2024
₹13.84 Cr
EBITDA margin 4.7%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.55 Cr
Issued & subscribed
Open charges
₹496.42 Cr
Satisfied ₹322.85 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
201
Provident fund records
About Navitas Green Solutions Private Limited
Data last updated:
Navitas Green Solutions Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the power epc segment of the energy and power sector. It was incorporated on 13 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74990GJ2013PTC073551. Its GSTIN is 24AAECN2611H1ZW (Gujarat). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.55 Cr. It is led by directors including Sunay Udank Shah and Vineet Kumar Vinod Kumar Mittal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. B – 20/3 Road No. 14 Hojiwala Ind. Estate Susm Sachin, Surat, Gujarat, India – 394230.
As per the financials filed for FY 2024, the company reported a revenue of ₹291.51 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net loss of ₹60.99 Lakh (net margin -0.2%) and EBITDA of ₹13.84 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 27% over five years.
The company has about 201 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Navitas Solar. As per MCA filings, the company has open charges of ₹496.42 Cr and satisfied charges of ₹322.85 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹46.98 Cr; the latest was in March 2024. Its 5 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Lucy Electric Manufacturing and Technologies India Private Limited with revenue of ₹297.06 Cr.
Navitas Green Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0024149). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website navitassolar.in.
Company details
CIN U74990GJ2013PTC073551
Registration Number 073551
Incorporation Date 13 February 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-22-0024149
Key People
Sunay Udank Shah Director Vineet Kumar Vinod Kumar Mittal Director Ankit Vishwanath Singhania Director Recognitions & Rankings of Navitas Green Solutions
Contact details
Navitas Green Solutions Private Limited's registered office is in Surat, Gujarat. Its website is navitassolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. B – 20/3 Road No. 14 Hojiwala Ind. Estate Susm Sachin, Surat, Gujarat, India – 394230
- IndustryEnergy and Power, Power EPC, BoP & BTG Services, Power Equipment Manufacturers
To see the full contact details of Navitas Green Solutions Private Limited, buy the company report.
Comprehensive company report
Navitas Green Solutions 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
Navitas Green Solutions operates one associated brand: Navitas Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of solar panel | navitassolar.in |
Business activity
The main business activity of Navitas Green Solutions 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 Navitas Green Solutions Private Limited, buy the company report.
Financials of Navitas Green Solutions Private Limited
FY 2024 filings availableNavitas Green Solutions Private Limited reported revenue of ₹291.51 Cr (up 44% YoY) for FY 2024.
Revenue · FY 2024
₹291.51 Cr ▲ 44%
Net loss · FY 2024
₹60.99 Lakh margin -0.2%
EBITDA · FY 2024
₹13.84 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 36%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 3%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 44% growth in the latest year. EBITDA fell 7% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹60.99 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | -0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Navitas Green Solutions Private Limited, buy the company report.
Board of directors of Navitas Green Solutions Private Limited
Navitas Green Solutions has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunay Udank Shah | Director | 13 Feb 2013 | 13 Years 8 Months | Current |
| Vineet Kumar Vinod Kumar Mittal Also directs: Litron Energy Storage LLP, Navitas Solar Private Limited, Navitas Anant Renewables Two Private Limited and 5 more | Director | 13 Feb 2013 | 13 Years 8 Months | Current |
| Ankit Vishwanath Singhania | Director | 10 Jul 2014 | 12 Years 3 Months | Current |
| Aditya Singhania | Director | 10 Jul 2014 | 12 Years 3 Months | Current |
| Aaryan Jigar Shah Also directs: Fettle Gym LLP | Nominee Director | 12 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Navitas Green Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Lucy Electric Manufacturing and Technologies India Private Limited | ₹297.06 Cr (FY 2025) | 36.0% | Halol, Gujarat, India | |||
| Ohmium Operations Private Limited | ₹295.22 Cr (FY 2025) | -2.0% | Bengaluru, Karnataka, India | |||
| Elmex Electric Private Limited | ₹293.43 Cr (FY 2025) | 30.0% | Vadodara, Gujarat, India | |||
| Navitas Green Solutions Private Limitedthis company | ₹291.51 Cr (FY 2024) | -₹60.99 Lakh | -0.2% | 44.0% | 201 | Surat, Gujarat, India |
| Hi-Tech Systems & Services Ltd. | ₹290.03 Cr (FY 2024) | 19.0% | Kolkata, West Bengal, India | |||
| Powergear Limited | ₹289.87 Cr (FY 2025) | -2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Navitas Green Solutions Private Limited, buy the company report.
Auditor
Navitas Green Solutions Private Limited is audited by S G C O & Co. LLP. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G C O & Co. LLP. | FY 2023 | 112081W/W100184 |
Shareholding
The shareholding of Navitas Green Solutions 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 Navitas Green Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹496.42 Cr
Satisfied charges
₹322.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101190029 | Others | ₹20 Cr | Open | |
| 24 Oct 2025 | 101172266 | Hdfc Bank Limited | ₹27.2 Lakh | Open | |
| 25 Sep 2025 | 101166555 | Sbicap Trustee Company Limited | ₹369.25 Cr | Open | |
| 02 Jul 2024 | 100950793 | Others | ₹10 Cr | Open | |
| 28 Feb 2024 | 100883737 | Others | ₹29.29 Cr | Open |
To see the full charge records of Navitas Green Solutions Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Navitas Green Solutions Private Limited has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹46.98 Cr; the latest was in March 2024.
Total deals
10
Secondary share transfers
7
Funding rounds
3
Disclosed funding
₹46.98 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Adarsh Kanubhai Shah HUF Seller: an individual |
| Feb 2023 | Funding round | ₹40 Cr | Investors: Shah Samirbhai Kanubhai HUF, 3 individuals |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Navitas Green Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Navitas Green Solutions Private Limited has 2 court cases on record: 1 filed by Navitas Green Solutions, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Commercial matter | Filed against the company by M/S Velogic India Pvt Ltd | Pending |
| District court, SURAT, Gujarat | Court case (SMCST) | Filed by the company against Shri Solar Ventures | Disposed |
To see the full case history of Navitas Green Solutions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Navitas Green Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Navitas Green Solutions has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Navitas Solar Private Limited | U29304GJ2022PTC137748 |
To see the full group structure of Navitas Green Solutions Private Limited, buy the company report.
Employees & EPFO
Navitas Green Solutions Private Limited has a workforce of 201 employees on its EPFO records as of Oct 21, 2024, across 1 active EPFO establishment.
Employee count
201
Active EPFO establishments
1
Employee growth
12.92%
GST
Navitas Green Solutions has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECN2611H1ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Navitas Green Solutions Private Limited, buy the company report.
Recent activity
Navitas Green Solutions Private Limited has 5 board changes on record since 2013: 5 appointments. The latest: Aaryan Jigar Shah was appointed as Nominee Director on 12 Apr 2024.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101190029 was registered on 31 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.27 Cr with Charge ID 101172266 was registered on 24 Oct 2025.
Charges
A charge registered on 25 Sep 2024 via Charge ID 100987913 with Others was fully satisfied on 16 Oct 2025.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 369.25 Cr with Charge ID 101166555 was registered on 25 Sep 2025.
AGM
Navitas Green Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 148.00 Cr with Charge ID 100987913 was registered on 25 Sep 2024.
Charges
A charge with Others of Rs. 29.29 Cr registered on 28 Feb 2024 with Charge ID 100883737 was modified on 17 Sep 2024.
Charges
A charge with Yes Bank Limited of Rs. 25.00 Cr registered on 28 Feb 2024 with Charge ID 100884542 was modified on 02 Sep 2024.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100950793 was registered on 02 Jul 2024.
Charges
A charge registered on 10 Apr 2017 via Charge ID 100089374 with Others was fully satisfied on 05 Jun 2024.
Charges
A charge registered on 29 Oct 2021 via Charge ID 100500980 with Axis Bank Limited was fully satisfied on 31 May 2024.
Charges
A charge registered on 25 Sep 2022 via Charge ID 100628795 with Hdfc Bank Limited was fully satisfied on 18 Apr 2024.
38 earlier events are in the company report.
News
Frequently asked questions
Navitas Green Solutions is an active private limited company based in Surat, Gujarat, India. The company works in power epc, within the energy and power industry. It was incorporated on 13 February 2013 (13+ years old) and is registered under CIN U74990GJ2013PTC073551.
Navitas Green Solutions has 5 current directors:
- Sunay Udank Shah - Director
- Vineet Kumar Vinod Kumar Mittal - Director
- Ankit Vishwanath Singhania - Director
- Aditya Singhania - Director
- Aaryan Jigar Shah - Nominee Director
The latest financial statements of Navitas Green Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Navitas Green Solutions is 24AAECN2611H1ZW, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Navitas Green Solutions is U74990GJ2013PTC073551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Navitas Green Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
Navitas Green Solutions was incorporated on 13 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Navitas Green Solutions has 10 deals on record (7 secondary share transfers, 3 funding rounds), with disclosed funding of ₹46.98 Cr; the latest was in March 2024.
The peers of Navitas Green Solutions by revenue are Lucy Electric Manufacturing and Technologies India Private Limited, Ohmium Operations Private Limited, Elmex Electric Private Limited, Hi-Tech Systems & Services Ltd, Powergear Limited, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Aaryan Jigar Shah was appointed as Nominee Director on 12 Apr 2024. Aditya Singhania was appointed as Director on 10 Jul 2014. Ankit Vishwanath Singhania was appointed as Director on 10 Jul 2014. Navitas Green Solutions has 5 board changes on record in total.
Yes, Navitas Green Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-22-0024149).
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