About Prasiddhi Solar Private Limited
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Prasiddhi Solar Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 25 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2019PTC123785. Its GSTIN is 29AAKCP5140K1Z1 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6.48 Lakh. It is led by directors Naveen Chandra Shetty and Ganesh Shetty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 293 1st Floor Bekkarle Complex 11th Block Nagarbhavi 2nd Stage, Bangalore, Karnataka, India – 560072.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.55 Cr, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹13.94 Lakh (net margin 1.2%) and EBITDA of ₹36.97 Lakh (EBITDA margin 3.2%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 19% over five years.
The company is associated with 1 brand: Prasiddhi Solar. As per MCA filings, the company has open charges of ₹3.64 Cr and satisfied charges of ₹58.7 Lakh on record.
For more details, the company can be reached via its website prasiddhisolar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address293 1st Floor Bekkarle Complex 11th Block Nagarbhavi 2nd Stage, Bangalore, Karnataka, India – 560072
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
Associated Brands with Prasiddhi Solar Private Limited
Prasiddhi Solar operates one associated brand: Prasiddhi Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers high-quality solar energy products, installations, and services across various industries in India. | prasiddhisolar.com |
Competitors & Alternatives of Prasiddhi Solar Private Limited
Brands and companies operating in the same space as Prasiddhi Solar Private Limited include SolarSquare, Oorjan, ZunRoof and 2 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 SolarSquare | Provider of solar panel installation services | Mumbai, India | 2015 |
 Oorjan | Solar project financing and development | Mumbai, India | 2014 |
 ZunRoof | Provider of solar panel installation and O&M services | Gurugram, India | 2016 |
 Krivi Energy | Solar energy solutions including installations, assessments, and financing are provided. | Mumbai, India | 2013 |
 Onergy | Solar design, engineering, manufacturing, installation, and consultancy services are provided. | Kolkata, India | 2009 |
Business Activity of Prasiddhi Solar Private Limited
The main business activity of Prasiddhi Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Prasiddhi Solar Private Limited
Prasiddhi Solar Private Limited is audited by BVC & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BVC & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Prasiddhi Solar Private Limited
Prasiddhi Solar has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Chandra Shetty | Director | 25 Apr 2019 | 7 Years 5 Months | Current |
| Ganesh Shetty | Director | 25 Apr 2019 | 7 Years 5 Months | Current |
Financials of Prasiddhi Solar Private Limited FY 2025 filings available
Prasiddhi Solar Private Limited reported revenue of ₹11.55 Cr (down 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Prasiddhi Solar Private Limited
Revenue fell 17% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 19%. EBITDA fell 10% 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 of Prasiddhi Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.94 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
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| Trade Payables | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Prasiddhi Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Prasiddhi Solar are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Prasiddhi Solar Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Prasiddhi Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2025 | State Bank of India | ₹13.5 Lakh | Open |
| 21 Jun 2022 | State Bank of India | ₹3.5 Cr | Open |
| 30 Jan 2020 | Others | ₹58.7 Lakh | Satisfied |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Prasiddhi Solar Private Limited
Employment history and EPFO contributions of people linked to Prasiddhi Solar.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Prasiddhi Solar Private Limited
Prasiddhi Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCP5140K1Z1 | Karnataka | Active | 25 Jul 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Prasiddhi Solar Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Prasiddhi Solar Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Prasiddhi Solar Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Prasiddhi Solar Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Prasiddhi Solar Private Limited
Frequently Asked Questions about Prasiddhi Solar Private Limited
Prasiddhi Solar is an active private limited company based in Bangalore, Karnataka, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 25 April 2019 (7+ years old) and is registered under CIN U74999KA2019PTC123785.
Prasiddhi Solar reported revenue of ₹11.55 Cr for FY 2025 (down 17% YoY).
Prasiddhi Solar has 2 current directors:
- Naveen Chandra Shetty - Director
- Ganesh Shetty - Director
Prasiddhi Solar reported a net profit of ₹13.94 Lakh (net margin 1.2%) and EBITDA of ₹36.97 Lakh (EBITDA margin 3.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prasiddhi Solar is 6% over three years and 19% over five years. In the latest year (FY 2025) revenue fell 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Prasiddhi Solar is 29AAKCP5140K1Z1, registered in Karnataka.
The CIN (Corporate Identification Number) of Prasiddhi Solar is U74999KA2019PTC123785. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prasiddhi Solar was incorporated on 25 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Prasiddhi Solar can be reached through the website prasiddhisolar.com. Its registered office is in Bangalore, Karnataka, India.