Neutron Sunray Private Limited
About Neutron Sunray Private Limited
Data last updated:
Neutron Sunray Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 09 November 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40106DL2016PTC308092.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Navin Thakur and Saurabh Nigam.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Statesman House 8th Floor Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹165.19 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹28.9 Cr (net margin 17.5%) and EBITDA of ₹140.43 Cr (EBITDA margin 85%). Revenue has grown at a compounded annual rate (CAGR) of 21% over five years.
Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹276.33 Cr and satisfied charges of ₹230 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in July 2017. Its 6 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is Renew Wind Energy (TN 2) Private Limited with revenue of ₹169.3 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Neutron Sunray Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressStatesman House 8th Floor Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Neutron Sunray Private Limited, buy the company report.
- 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
Business activity
The main business activity of Neutron Sunray is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
Financials of Neutron Sunray Private Limited
FY 2023 filings availableNeutron Sunray Private Limited reported revenue of ₹165.19 Cr (down 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 21%. EBITDA fell 6% 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 |
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| EBITDA | ₹140.43 Cr | ||||
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| Net Profit (PAT) | ₹28.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 85% | ||||
| Net Profit Margin | 17.5% | ||||
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To see the full financial statements and ratios of Neutron Sunray Private Limited, buy the company report.
Board of directors of Neutron Sunray Private Limited
Neutron Sunray has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saurabh Nigam | Additional Director | 05 Oct 2022 | 4 Years 1 Months | Current |
| Navin Thakur Also directs: Neutron Sun Power Private Limited, Neutron Lantern LLP, Photon Suryodaya Private Limited and 4 more | Director | 07 Oct 2019 | 7 Years 1 Months | Current |
| Ranvir Gambhir Also directs: Neutron Surya Prakash Private Limited, Neutron Solar Energy Private Limited, Neutron Solar Power Private Limited and 5 more | Additional Director | 29 Nov 2025 | 0 Years 11 Months | Current |
| Harneet Singh | Additional Director | 29 Nov 2025 | 0 Years 11 Months | Current |
Peer comparison
Neutron Sunray Private Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Renew Wind Energy (TN 2) Private Limited | ₹169.3 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Masaya Solar Energy Private Limited | ₹167.68 Cr (FY 2025) | 123.0% | Gurgaon, Haryana, India | |||
| Solairepro Urja Private Limited | ₹166.51 Cr (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Neutron Sunray Private Limitedthis company | ₹165.19 Cr (FY 2024) | ₹28.9 Cr | 17.5% | -1.0% | New Delhi, Delhi, India | |
| Renew Akshay Urja Limited | ₹165 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Azure Power Maple Private Limited | ₹164.59 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Four Square Green Energy Private Limited | ₹162.16 Cr (FY 2025) | 230.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Neutron Sunray Private Limited, buy the company report.
Auditor
Neutron Sunray Private Limited is audited by H.C. Agrawal & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H.C. Agrawal & Associates | FY 2023 | 008931N |
Shareholding
The shareholding of Neutron Sunray Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Neutron Sunray Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jan 2024 | 100849429 | Others | ₹171.3 Cr | Open | |
| 19 Apr 2018 | 100179021 | Others | ₹105.03 Cr | Open | |
| 10 Jul 2018 | 100194702 | Others | ₹230 Cr | Satisfied |
To see the full charge records of Neutron Sunray Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Neutron Sunray Private Limited has 1 deal on record (1 secondary share transfer); the latest was in July 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Neutron Sunray Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Neutron Sunray Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Neutron Sunray has 4 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Photon Ultrawave Private Limited | U40104DL2014PTC270407 | |
| Today Clean Energy Private Limited | U40106DL2014PTC268074 | |
| Today Green Energy Private Limited | U70102DL2014PTC264057 | |
| Photon Surya Urja Private Limited | U74999DL2014PTC265766 |
To see the full group structure of Neutron Sunray Private Limited, buy the company report.
GST
No GST registration is on our record for Neutron Sunray Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Neutron Sunray Private Limited has 8 board changes on record since 2019: 4 appointments and 4 cessations. The latest: Harneet Singh was appointed as Additional Director on 29 Nov 2025.
4 earlier events are in the company report.
Frequently asked questions
Neutron Sunray is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 09 November 2016 (10+ years old) and is registered under CIN U40106DL2016PTC308092.
Neutron Sunray has 4 current directors:
- Saurabh Nigam - Additional Director
- Navin Thakur - Director
- Ranvir Gambhir - Additional Director
- Harneet Singh - Additional Director
The latest financial statements of Neutron Sunray on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The CIN (Corporate Identification Number) of Neutron Sunray is U40106DL2016PTC308092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Neutron Sunray was incorporated on 09 November 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Neutron Sunray has 1 deal on record (1 secondary share transfer); the latest was in July 2017.
The peers of Neutron Sunray by revenue are Renew Wind Energy (TN 2) Private Limited, Masaya Solar Energy Private Limited, Solairepro Urja Private Limited, Renew Akshay Urja Limited, Azure Power Maple Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Harneet Singh was appointed as Additional Director on 29 Nov 2025. Ranvir Gambhir was appointed as Additional Director on 29 Nov 2025. Kunal Mahajan ceased to be Director on 07 Oct 2022. Neutron Sunray has 8 board changes on record in total.
The registered office of Neutron Sunray is at Statesman House 8th Floor Barakhamba Road, New Delhi, Delhi, India – 110001.
Neutron Sunray operates in the environment industry, in the solar energy solutions segment.
Neutron Sunray has open charges of ₹276.33 Cr and satisfied charges of ₹230 Cr as per latest MCA filings.
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