About Photon Ultrawave Private Limited
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Photon Ultrawave Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Neutron Sunray Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 13 August 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40104DL2014PTC270407. Its GSTIN is 07AABCU7327A2ZM (Delhi). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹28.01 Cr. It was formerly known as Ultraviolet Energy Private Limited. It is led by directors Harneet Singh and Ranvir Gambhir.
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 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 ₹27.34 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹2.8 Cr (net margin 10.2%) and EBITDA of ₹21.74 Cr (EBITDA margin 79.5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹431 Cr on record. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in September 2016. 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, 2 larger and 4 smaller; the largest is Renq Power Solutions India Private Limited with revenue of ₹28 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website photon.net.in.
Company details
Contact details
Photon Ultrawave Private Limited's registered office is in New Delhi, Delhi. Its website is photon.net.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressStatesman House 8th Floor Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Photon Ultrawave 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 Photon Ultrawave 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 Photon Ultrawave Private Limited
FY 2024 filings availablePhoton Ultrawave Private Limited reported revenue of ₹27.34 Cr (up 1% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA fell 4% 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 | ₹21.74 Cr | ||||
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| Net Profit (PAT) | ₹2.8 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 | 79.5% | ||||
| Net Profit Margin | 10.2% | ||||
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To see the full financial statements and ratios of Photon Ultrawave Private Limited, buy the company report.
Board of directors of Photon Ultrawave Private Limited
Photon Ultrawave has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harneet Singh | Additional Director | 29 Nov 2025 | 0 Years 10 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 10 Months | Current |
Peer comparison
Photon Ultrawave 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 |
|---|---|---|---|---|---|---|
| Renq Power Solutions India Private Limited | ₹28 Cr (FY 2025) | 40.0% | Erattupetta, Kerala, India | |||
| Terralight Rajapalayam Solar Private Limited | ₹27.89 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Photon Ultrawave Private Limitedthis company | ₹27.34 Cr (FY 2024) | ₹2.8 Cr | 10.2% | 1.0% | New Delhi, Delhi, India | |
| Talettutayi Solar Projects One Private Limited | ₹27.3 Cr (FY 2025) | -4.0% | Gurgaon, Haryana, India | |||
| Photon Sunbeam Private Limited | ₹27.2 Cr (FY 2024) | 0.0% | New Delhi, Delhi, India | |||
| Heramba Renewables Limited | ₹27.06 Cr (FY 2025) | 3.0% | Ahmedabad, Gujarat, India | |||
| Avaada Sustainable Energy Private Limited | ₹26.87 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Photon Ultrawave Private Limited, buy the company report.
Auditor
Photon Ultrawave Private Limited is audited by H C AGRAWAL & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H C AGRAWAL & ASSOCIATES | FY 2021 | 008931N |
Shareholding
The shareholding of Photon Ultrawave 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) | |||||
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To see the full shareholding pattern of Photon Ultrawave Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2016 | 100064204 | Others | ₹196 Cr | Open | |
| 20 Oct 2016 | 100064206 | Others | ₹210 Cr | Open | |
| 28 Sep 2015 | 10627244 | Others | ₹25 Cr | Open |
To see the full charge records of Photon Ultrawave Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Photon Ultrawave Private Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in September 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Today Homes and Infrastructure Private Limited Seller: 2 individuals |
| Jun 2016 | Acquisition | ₹28 Cr | Buyer: PR Infrastructures Private Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Today Homes and Infrastructure Private Limited Seller: an individual |
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 Photon Ultrawave 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 Photon Ultrawave Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Photon Ultrawave has 3 subsidiary companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Photon Suryodaya Private Limited | U40101DL2015PTC287148 | |
| Photon Ojas Private Limited | U40104DL2015PTC287149 | |
| Photon Sunbeam Private Limited | U40106DL2015PTC287283 |
To see the full group structure of Photon Ultrawave Private Limited, buy the company report.
GST
Photon Ultrawave has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCU7327A2ZM | Delhi | Active | 10 Jul 2018 |
To see the full GST registrations and return filing status of Photon Ultrawave Private Limited, buy the company report.
Recent activity
Photon Ultrawave Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Navin Thakur ceased to be Additional Director on 05 Dec 2025.
2 earlier events are in the company report.
Frequently asked questions
Photon Ultrawave 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 13 August 2014 (12+ years old) and is registered under CIN U40104DL2014PTC270407.
Photon Ultrawave has 2 current directors:
- Harneet Singh - Additional Director
- Ranvir Gambhir - Additional Director
The latest financial statements of Photon Ultrawave 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 Photon Ultrawave is 07AABCU7327A2ZM, registered in Delhi. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Photon Ultrawave is U40104DL2014PTC270407. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Photon Ultrawave was incorporated on 13 August 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Photon Ultrawave has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in September 2016.
The peers of Photon Ultrawave by revenue are Renq Power Solutions India Private Limited, Terralight Rajapalayam Solar Private Limited, Talettutayi Solar Projects One Private Limited, Photon Sunbeam Private Limited, Heramba Renewables Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Navin Thakur ceased to be Additional Director on 05 Dec 2025. Harneet Singh was appointed as Additional Director on 29 Nov 2025. Ranvir Gambhir was appointed as Additional Director on 29 Nov 2025. Photon Ultrawave has 7 board changes on record in total.
Photon Ultrawave can be reached through the website photon.net.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Photon Ultrawave is at Statesman House 8th Floor Barakhamba Road, New Delhi, Delhi, India – 110001.