DPIIT recognised startup Government of India
Startup India
Pagalavan Solar Private Limited
Pagalavan Solar Private Limited - environment in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.86 Cr
▲ 1% YoY
Net loss · FY 2025
₹63.45 Lakh
Net margin -22.2%
EBITDA · FY 2025
₹82.23 Lakh
EBITDA margin 28.8%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.65 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Pagalavan Solar Private Limited
Data last updated:
Pagalavan Solar Private Limited is a private limited company based in Chennai, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 28 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U40106TN2020PTC140408. Its GSTIN is 33AALCP6850F1ZB (Tamil Nadu).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.65 Cr. It is led by directors including Balachander Jeyabalan and Suresh Kumar.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at N.No.23 O.No.14/3 Jaganathan Nagar 2nd Main Road Arumbakkam, Chennai, Tamil Nadu, India – 600106.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.86 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹63.45 Lakh (net margin -22.2%) and EBITDA of ₹82.23 Lakh (EBITDA margin 28.8%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
Pagalavan Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0051804).
Company details
CIN U40106TN2020PTC140408
Registration Number 140408
Incorporation Date 28 December 2020
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 01 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-TN-02-0051804
Recognitions & Rankings of Pagalavan Solar
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0051804
Contact details
Pagalavan Solar Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressN.No.23 O.No.14/3 Jaganathan Nagar 2nd Main Road Arumbakkam, Chennai, Tamil Nadu, India – 600106
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Pagalavan Solar Private Limited, buy the company report.
Comprehensive company report
Pagalavan Solar 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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Business activity
The main business activity of Pagalavan Solar 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 |
To see the full business activity and turnover split of Pagalavan Solar Private Limited, buy the company report.
Financials of Pagalavan Solar Private Limited
FY 2025 filings availablePagalavan Solar Private Limited reported revenue of ₹2.86 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹2.86 Cr ▲ 1%
Net loss · FY 2025
₹63.45 Lakh margin -22.2%
EBITDA · FY 2025
₹82.23 Lakh margin 28.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 35%
EBITDA CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 14%
Revenue has grown at a compounded annual rate (CAGR) of 35% over three years, including 1% growth in the latest year. EBITDA rose 37% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹82.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.45 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.8% | ||||
| Net Profit Margin | -22.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
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To see the full financial statements and ratios of Pagalavan Solar Private Limited, buy the company report.
Board of directors of Pagalavan Solar Private Limited
Pagalavan Solar has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balachander Jeyabalan Also directs: Mithran Solar Private Limited, Pagalavan Trading Private Limited, Atmosphere Projects LLP and 4 more | Director | 11 Jan 2021 | 5 Years 9 Months | Current |
| Suresh Kumar | Director | 11 Jan 2021 | 5 Years 9 Months | Current |
| Kannammal Also directs: Jwaala Solar Private Limited, Mithran Solar Private Limited, Pagalavan Trading Private Limited and 2 more | Director | 28 Dec 2020 | 5 Years 10 Months | Current |
| Mohan Sri Nivas Also directs: Remon Solar and Infra LLP, Remon Power Solutions Private Limited, Loyal Green Private Limited and 1 more | Director | 28 Dec 2020 | 5 Years 10 Months | Current |
Peer comparison
Pagalavan Solar Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Vipul Vidhyut Private Limited | ₹2.9 Cr (FY 2025) | -10.0% | Raipur, Chhattisgarh, India | |||
| Pagalavan Solar Private Limitedthis company | ₹2.86 Cr (FY 2025) | -₹63.45 Lakh | -22.2% | 1.0% | Chennai, Tamil Nadu, India | |
| Radiance MH Solar Power Private Limited | ₹2.85 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India | |||
| Azure Power Rooftop Eight Private Limited | ₹2.84 Cr (FY 2025) | -17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Pagalavan Solar Private Limited, buy the company report.
Auditor
Pagalavan Solar Private Limited is audited by RAVICHANDRAN SUBRAMANIAN & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAVICHANDRAN SUBRAMANIAN & CO | FY 2022 | 018852S |
Shareholding
The shareholding of Pagalavan Solar Private Limited is on record for FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Pagalavan Solar Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pagalavan Solar 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 Pagalavan Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pagalavan Solar Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
Active EPFO establishments
1
GST
Pagalavan Solar has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AALCP6850F1ZB | Tamil Nadu | Active | 04 Jan 2021 |
To see the full GST registrations and return filing status of Pagalavan Solar Private Limited, buy the company report.
Recent activity
Pagalavan Solar Private Limited has 4 board changes on record since 2020: 4 appointments. The latest: Balachander Jeyabalan was appointed as Director on 11 Jan 2021.
AGM
Pagalavan Solar Private Limited last Annual general meeting of members was held on 01 Sep 2025 as per latest MCA records.
Filing
Pagalavan Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Appointed
Balachander Jeyabalan was appointed as Director.
Appointed
Suresh Kumar was appointed as Director.
Appointed
Kannammal was appointed as Director.
Appointed
Mohan Sri Nivas was appointed as Director.
Incorporation
28 Dec 2020
Pagalavan Solar Private Limited was registered on 28 Dec 2020 with Roc Chennai & aged 5 years 10 months as per MCA records.
Frequently asked questions
Pagalavan Solar is an active private limited company based in Chennai, Tamil Nadu, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 28 December 2020 (6+ years old) and is registered under CIN U40106TN2020PTC140408.
Pagalavan Solar has 4 current directors:
- Balachander Jeyabalan - Director
- Suresh Kumar - Director
- Kannammal - Director
- Mohan Sri Nivas - Director
The latest financial statements of Pagalavan Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Pagalavan Solar is 33AALCP6850F1ZB, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Pagalavan Solar is U40106TN2020PTC140408. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pagalavan Solar was incorporated on 28 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Pagalavan Solar by revenue are Vipul Vidhyut Private Limited, Radiance MH Solar Power Private Limited, Azure Power Rooftop Eight Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Balachander Jeyabalan was appointed as Director on 11 Jan 2021. Suresh Kumar was appointed as Director on 11 Jan 2021. Kannammal was appointed as Director on 28 Dec 2020. Pagalavan Solar has 4 board changes on record in total.
Yes, Pagalavan Solar is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Pagalavan Solar is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0051804).
The registered office of Pagalavan Solar is at N.No.23 O.No.143 Jaganathan Nagar 2nd Main Road Arumbakkam, Chennai, Tamil Nadu, India – 600106.
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