Mundra Solar Limited - Company Profile

Q: Who are the current directors of Mundra Solar Limited?

The current directors of Mundra Solar Limited are Dharmesh Arvindbhai Parekh, Dhirav Hemendrakumar Shah, Rahul Krishanlal Bhutiani.

It is a energy and power public limited company based in Ahmedabad, Gujarat, India, established in 2015.

2015 Ahmedabad, Gujarat, India Active

Last Updated: December 22, 2025

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About Mundra Solar Limited

Mundra Solar Limited, a active public limited company, was established on 16 June 2015 in Ahmedabad, Gujarat, India. Engaging in power equipment manufacturers within the manufacturing sector, it holds CIN: U40101GJ2015PLC083552. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹0.50 M and a paid-up capital of ₹0.50 M.

It upholds a compliant status. Its leadership includes Dharmesh Arvindbhai Parekh (Director), Dhirav Hemendrakumar Shah (Director), Rahul Krishanlal Bhutiani (Managing Director). Past directors included Rakesh Kumar Tiwary, Dharmesh Arvindbhai Parekh, Dhirav Hemendrakumar Shah. It holds no open charges and ₹544.00 Cr settled loans. Its latest AGM occurred on 23 June 2025, with the balance sheet filed on 31 March 2025. It is based at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway,, Khodiyar,, Ahmedabad, Gujarat, 382421.

Company Details

CIN/LLPIN
U40101GJ2015PLC083552
Registration Number
083552
Incorporation Date
16 June 2015
Authorized Capital
₹0.50 M
Paid-Up Capital
₹0.50 M
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 0.50 M as on 22-12-2025
Paid Up Capital ₹ 0.50 M as on 22-12-2025
Company Age 10 Year, 8 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 544.00 Cr as on 22-12-2025
Revenue Growth **** -58.38% (FY 2023)
Profit Growth **** -5098.21% (FY 2023)
Ebitda **** 293.58% (FY 2023)
Net Worth -5663.87% (FY 2023)
Total Assets -52.21% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Mundra Solar 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 Mundra Solar Limited?

Current Directors

Name	Designation	Appointment Date	Status
Dharmesh Arvindbhai Parekh	Director	22 May 2019	Current
Dhirav Hemendrakumar Shah	Director	15 Feb 2021	Current
Rahul Krishanlal Bhutiani	Managing Director	01 Sep 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Aug 2018	Past
Pramod Abcsdd	Additional Director	05 Aug 2019	Past
Pramod Abcsdd	Additional Director	29 Jun 2021	Past
Pramod Abcsdd	Director	01 Oct 2022	Past
Pramod Abcsdd	Director	04 Apr 2018	Past
Pramod Abcsdd	Director	22 May 2019	Past

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Financial Performance of Mundra Solar.

Mundra Solar Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 58.38% decrease. The company also saw a substantial fall in profitability, with a 5098.21% decrease in profit. The company's net worth observed a substantial decline by a decrease of 5663.87%.

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

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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

********

-58.38%

*******

Revenue from Operations

*******

-58.42%

*******

Total Assets

*******

-52.21%

*******

Profit or Loss

*******

-5098.21%

*******

Net Worth

*******

-5663.87%

*******

EBITDA

*******

293.58%

*******

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What is the Ownership and Shareholding Structure of Mundra Solar?

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

Shareholding Pattern (FY 2024)

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

₹0

Satisfied Charges

₹5,440,000,000.00

Charges Breakdown by Lending Institutions

Others : 544.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
09 Jan 2024	Others	₹544.00 Cr	Satisfied

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How Many Employees Work at Mundra Solar?

Unlock and access historical data on people associated with Mundra Solar, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Mundra Solar, 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 Mundra Solar's trajectory.

Rating

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Alerts

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 Mundra Solar

Recent Activity within the Organization

Director Appointment

The activity Rahul Krishanlal Bhutiani was appointed as a Managing Director was appointed as a Managing Director on 01 Sep 2025 & has been associated with this company since 5 months 16 days . was completed.
01 Sep 2025
Annual General Meeting

Mundra Solar Limited last Annual general meeting of members was held on 23 Jun 2025 as per latest MCA records. was recorded as a recent event.
23 Jun 2025
Balance Sheet

The activity Mundra Solar Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Charges

The activity A charge registered on 09 Jan 2024 via Charge ID 100850636 with Others was fully satisfied on 18 Oct 2024. was completed.
18 Oct 2024
Charges

A charge with Others amounted to Rs. 5,440.00 M with Charge ID 100850636 was registered on 09 Jan 2024. was recorded as a recent event.
09 Jan 2024
Director Appointment

The activity Dhirav Hemendrakumar Shah was appointed as a Director was appointed as a Director on 15 Feb 2021 & has been associated with this company since 5 years . was completed.
15 Feb 2021

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