MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0196060
Poorvaj Solar Energy Private Limited - energy in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹7.19 Cr
▼ 44% YoY
Net profit · FY 2023
₹49.43 Lakh
Net margin 6.9%
EBITDA · FY 2023
₹1.05 Cr
EBITDA margin 14.5%
Authorised capital
₹1.42 Cr
Registered with MCA
Paid-up capital
₹87 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Poorvaj Solar Energy Private Limited
Data last updated:
Poorvaj Solar Energy Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Sunren Power Private Limited. It operates in the electric power generation segment of the energy sector. It was incorporated on 31 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC093767. Its GSTIN is 29AAICP6490Q1ZC (Karnataka).
The company has an authorised share capital of ₹1.42 Cr and a paid-up capital of ₹87 Lakh. It is led by directors Sanjeev Shankar Chougale and Ishwar V Hegde.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.19 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹49.43 Lakh (net margin 6.9%) and EBITDA of ₹1.05 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 44% over three years and 37% over five years.
The company is associated with 1 brand: Sunfan. Court records list 1 case involving the company, including 1 filed by the company.
Poorvaj Solar Energy Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0196060). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunfanenergy.com.
Company details
CIN U74999KA2016PTC093767
Registration Number 093767
Incorporation Date 31 May 2016
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Sunren Power Private Limited
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0196060
Recognitions & Rankings of Poorvaj Solar Energy
Contact details
Poorvaj Solar Energy Private Limited's registered office is in Bengaluru, Karnataka. Its website is sunfanenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.49 Euphoria Nest Apartment 2nd Floor 4th Cross Bhupasandra Main Road Rmv 2N, D Stage, Bengaluru, Karnataka, India – 560094
- IndustryEnergy, Electric Power Generation, Transmission And Distribution
To see the full contact details of Poorvaj Solar Energy Private Limited, buy the company report.
Comprehensive company report
Poorvaj Solar Energy 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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Brands
Poorvaj Solar Energy operates one associated brand: Sunfan. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Develops and operates renewable energy projects in wind, solar PV, and hybrids. | sunfanenergy.com |
Financials of Poorvaj Solar Energy Private Limited
FY 2024 filings availablePoorvaj Solar Energy Private Limited reported revenue of ₹7.19 Cr (down 44% YoY) for FY 2023.
Revenue · FY 2023
₹7.19 Cr ▼ 44%
Net profit · FY 2023
₹49.43 Lakh margin 6.9%
EBITDA · FY 2023
₹1.05 Cr margin 14.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 44%
5 years · compounded
▲ 37%
EBITDA CAGR growth
1 year
▼ 90%
3 years · compounded
▲ 17%
5 years · compounded
▼ 2%
Revenue fell 44% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 37%. EBITDA fell 90% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.19 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹49.43 Lakh | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 6.9% | ||||
| 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 Poorvaj Solar Energy Private Limited, buy the company report.
Board of directors of Poorvaj Solar Energy Private Limited
Poorvaj Solar Energy has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Shankar Chougale Also directs: Sunfan Jath Energy Private Limited, Rangadhol Solar Power Private Limited, Gavi Ranga Solars Private Limited and 5 more | Director | 26 Sep 2024 | 2 Years 1 Months | Current |
| Ishwar V Hegde Also directs: Citisolve LLP, Sunfan Jath Energy Private Limited, Sunfan Ananthapur Energy Private Limited and 5 more | Director | 05 Dec 2016 | 9 Years 11 Months | Current |
Auditor
Poorvaj Solar Energy Private Limited is audited by S G M & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S G M & ASSOCIATES LLP | FY 2023 | S200058 |
Shareholding
The shareholding of Poorvaj Solar Energy Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Poorvaj Solar Energy Private Limited, buy the company report.
Legal cases
Poorvaj Solar Energy Private Limited has 1 court case on record: 1 filed by Poorvaj Solar Energy. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against M/S. Bangalore Electricity Supply Company Limited (Bescom) and 1 other | Disposed |
To see the full case history of Poorvaj Solar Energy Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Poorvaj Solar Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Poorvaj Solar Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICP6490Q1ZC | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Poorvaj Solar Energy Private Limited, buy the company report.
Recent activity
Poorvaj Solar Energy Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Sanjeev Shankar Chougale was appointed as Director on 26 Sep 2024.
AGM
Poorvaj Solar Energy Private Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
Appointed
Sanjeev Shankar Chougale was appointed as Director.
Filing
Poorvaj Solar Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Ceased
Rajesh Hanumanthappa Papamma ceased to be Director.
Ceased
Ishwar V Hegde ceased to be Additional Director.
Ceased
Shridhar Ganapati Hegde ceased to be Additional Director.
Appointed
Ishwar V Hegde was appointed as Director.
Ceased
Rajat Malhan ceased to be Additional Director.
Ceased
Vinod Kuamr Kawatra ceased to be Additional Director.
Ceased
Ranjini Tippeswamy ceased to be Director.
Incorporation
31 May 2016
Poorvaj Solar Energy Private Limited was registered on 31 May 2016 with Roc Bangalore & aged 10 years 5 months as per MCA records.
Frequently asked questions
Poorvaj Solar Energy is an active private limited company based in Bengaluru, Karnataka, India. The company works in electric power generation, within the energy industry. It was incorporated on 31 May 2016 (10+ years old) and is registered under CIN U74999KA2016PTC093767.
Poorvaj Solar Energy has 2 current directors:
- Sanjeev Shankar Chougale - Director
- Ishwar V Hegde - Director
The latest financial statements of Poorvaj Solar Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Poorvaj Solar Energy is 29AAICP6490Q1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Poorvaj Solar Energy is U74999KA2016PTC093767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Poorvaj Solar Energy has 1 court case on record: 1 filed by the company.
Poorvaj Solar Energy was incorporated on 31 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Sanjeev Shankar Chougale was appointed as Director on 26 Sep 2024. Rajesh Hanumanthappa Papamma ceased to be Director on 21 Sep 2022. Ishwar V Hegde ceased to be Additional Director on 29 Sep 2017. Poorvaj Solar Energy has 8 board changes on record in total.
Yes, Poorvaj Solar Energy is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-03-0196060).
Poorvaj Solar Energy can be reached through the website sunfanenergy.com. Its registered office is in Bengaluru, Karnataka, India.
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