About Parampujya Solar Energy Limited
Data last updated:
Parampujya Solar Energy Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Green Energy Twenty Three Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 23 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U70101GJ2015PLC083632. Its GSTIN is 24AAICP1892L2ZZ (Gujarat). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹550 Cr and a paid-up capital of ₹395.81 Cr. It was formerly known as Parampujya Developers Private Limited. It is led by directors including Dhaval Bhavikbhai Shah (Managing Director) and Dipak Gupta.
Its last annual general meeting (AGM) was held on 28 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,033.08 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹251.64 Cr (net margin 24.4%) and EBITDA of ₹974.16 Cr (EBITDA margin 94.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 17% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6,910.84 Cr and satisfied charges of ₹7,294 Cr on record. Court records list 42 cases involving the company, including 19 filed by the company and 23 filed against it; 20 cases are pending. The company has 16 deals on record (7 convertible or debt financings, 5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹811.65 Cr; the latest was in February 2022. Its 5 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 1 smaller; the largest is Renew Solar Power Private Limited with revenue of ₹1,178 Cr. The company has 8 MSME Form 1 returns on record between 2018 and 2024, listing 79 overdue payments to 44 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adani.com.
Company details
Name history
Parampujya Solar Energy has undergone 2 name changes throughout its history. The company was previously known as Parampujya Developers Private Limited, and Parampujya Solar Energy Limited. The current legal name is Parampujya Solar Energy Limited.
| Company Name | Status |
|---|---|
| Parampujya Solar Energy Limited | Current |
| Parampujya Developers Private Limited | Previous |
CIN history
Parampujya Solar Energy has one previous CIN (Corporate Identification Number): U70101GJ2015PTC083632. The current CIN is U70101GJ2015PLC083632, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101GJ2015PLC083632 | Current |
| U70101GJ2015PTC083632 | Previous |
Contact details
Parampujya Solar Energy Limited's registered office is in Ahmedabad, Gujarat.
- Registered AddressAdani Corporate House Shantigram Nr. Vaishno Devi Circle S G Highway Kh, Odiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
- 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 Parampujya Solar Energy 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 Parampujya Solar Energy Limited, buy the company report.
Financials of Parampujya Solar Energy Limited
FY 2025 filings availableParampujya Solar Energy Limited reported revenue of ₹1,033.08 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 2% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹974.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹251.64 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 94.3% | ||||
| Net Profit Margin | 24.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Parampujya Solar Energy Limited, buy the company report.
Board of directors and KMP of Parampujya Solar Energy Limited
Parampujya Solar Energy Limited currently reports 5 directors and 1 key managerial person. 15 former directors have served the organization.
Peer comparison
Parampujya Solar Energy Limited is compared with the 5 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 Solar Power Private Limited | ₹1,178 Cr (FY 2025) | 29.0% | New Delhi, Delhi, India | |||
| Ujvn Limited | ₹1,132.2 Cr (FY 2025) | 9.0% | Uttarakhand, India | |||
| Ayana Renewable Power Private Limited | ₹1,122.27 Cr (FY 2025) | 22.0% | Bangalore, Karnataka, India | |||
| Adani Hybrid Energy Jaisalmer Four Limited | ₹1,055.52 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| Parampujya Solar Energy Limitedthis company | ₹1,033.08 Cr (FY 2025) | ₹251.64 Cr | 24.4% | -2.0% | Ahmedabad, Gujarat, India | |
| KKV Agro Powers Limited | ₹962.23 Cr (FY 2025) | -38.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Parampujya Solar Energy Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Apr 2024 | 100906873 | Idbi Trusteeship Services Limited | ₹3,399.46 Cr | Open | |
| 03 Feb 2022 | 100560041 | Idbi Trusteeship Services Limited | ₹299.6 Cr | Open | |
| 23 Jun 2021 | 100455572 | Others | ₹52.36 Cr | Open | |
| 09 Jan 2020 | 100315357 | Idbi Trusteeship Services Limited | ₹2,674.35 Cr | Open | |
| 18 Oct 2019 | 100295697 | Idbi Trusteeship Services Limited | ₹400 Cr | Open |
To see the full charge records of Parampujya Solar Energy Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Parampujya Solar Energy Limited has 16 deals on record (7 convertible or debt financings, 5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹811.65 Cr; the latest was in February 2022.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Debt financing | ₹299.6 Cr | Investors: INDIABULLS HOUSING FINANCE LIMITED, Trust Capital, Aditya Birla Finance Limited |
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: Adani Green Energy Twenty Three Limited Seller: Adani Green Energy Limited |
| Jun 2017 | Funding round | ₹30 Cr | Investors: Adani Green Energy Limited |
| Jun 2016 | Funding round | ₹183.4 Cr | Investors: Adani Green Energy Limited |
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: Adani Green Energy Limited Seller: Adani Enterprises Limited |
To see the full deal history of Parampujya Solar Energy 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
Parampujya Solar Energy Limited has 42 court cases on record: 19 filed by Parampujya Solar Energy, 23 filed against it. 20 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 36 | 19 | 18 |
| District courts | 5 | 3 | 1 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 42)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed against the company by Cosco Shipping Lines (India) Pvt. Ltd | Pending |
| Madras High Court | Court case (REV.APLW) | Filed against the company by Hyundai Merchant Marine (India) Pvt. Ltd., | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Hyundai Merchant Marine (India) Pvt. Ltd., | Pending |
| Madras High Court | Court case (REV.APLW) | Filed against the company by Allcargo Logistics Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Allcargo Logistics Limited | Pending |
To see the full case history of Parampujya Solar Energy 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
Parampujya Solar Energy Limited was last rated by Indiarating on 05 Feb 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 05 Feb 2021 |
To see the full credit ratings and regulatory alerts of Parampujya Solar Energy Limited, buy the company report.
MSME payment delays
Parampujya Solar Energy Limited has 8 MSME Form 1 returns on record between 2018 and 2024, listing 79 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sudha Agencies | |||
| Psytech Infosolutions (India) Private Limited | |||
| Dharmesh Parikh and Company LL | |||
| Kohinoor Solar | |||
| Sew Services Private Limited |
To see the full MSME payment records of Parampujya Solar Energy Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Parampujya Solar Energy has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICP1892L2ZZ | Gujarat | Active | 30 Aug 2017 |
| 24AAICP1892L3ZY | Gujarat | Active | 31 Jan 2025 |
| 22AAICP1892L1Z4 | Chattisgarh | Active | 01 Jul 2017 |
| 27AAICP1892L1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Parampujya Solar Energy Limited, buy the company report.
Recent activity
Parampujya Solar Energy Limited has 21 board changes on record since 2015: 6 appointments and 15 cessations. The latest: Rajiv Mehta ceased to be Additional Director on 30 Sep 2022.
56 earlier events are in the company report.
Frequently asked questions
Parampujya Solar Energy is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 23 June 2015 (11+ years old) and is registered under CIN U70101GJ2015PLC083632.
Parampujya Solar Energy has 6 current directors and KMP:
- Dhaval Bhavikbhai Shah - Managing Director
- Dipak Gupta - Director
- Rajiv Mehta - Director
- Sushama Ashvin Oza - Director
- Chitra Jatinder Bhatnagar - Director
- Vishal Sunil Kotecha - Company Secretary
The latest financial statements of Parampujya Solar Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Parampujya Solar Energy is 24AAICP1892L2ZZ, registered in Gujarat. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAICP1892L3ZY (Gujarat), 22AAICP1892L1Z4 (Chattisgarh), 27AAICP1892L1ZU (Maharashtra).
The CIN (Corporate Identification Number) of Parampujya Solar Energy is U70101GJ2015PLC083632. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parampujya Solar Energy has 42 court cases on record: 19 filed by the company and 23 filed against it. 20 are pending. Most are in the high courts.
Parampujya Solar Energy was incorporated on 23 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Parampujya Solar Energy has 16 deals on record (7 convertible or debt financings, 5 secondary share transfers, 2 funding rounds), with disclosed funding of ₹811.65 Cr; the latest was in February 2022.
The peers of Parampujya Solar Energy by revenue are Renew Solar Power Private Limited, Ujvn Limited, Ayana Renewable Power Private Limited, Adani Hybrid Energy Jaisalmer Four Limited, KKV Agro Powers Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Rajiv Mehta ceased to be Additional Director on 30 Sep 2022. Vishal Sunil Kotecha was appointed as Company Secretary on 04 Jan 2022. Kirti Vitthaldas Joshi ceased to be Director on 25 Oct 2021. Parampujya Solar Energy has 21 board changes on record in total.
Parampujya Solar Energy has 8 MSME Form 1 returns on record between 2018 and 2024, listing 79 overdue payments to 44 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Parampujya Solar Energy can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
