About Prathamesh Solarfarms Limited
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Prathamesh Solarfarms Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Ostro Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 27 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2015PLC082734. Its GSTIN is 36AAICP0950H1ZF (Telangana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹32 Cr and a paid-up capital of ₹31.98 Cr. It was formerly known as Prathamesh Windfarms Private Limited and Prathamesh Solarfarms Private Limited. It is led by directors including Bharat Bahl (Managing Director) and Purnendu Kumar Chaubey.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹77.44 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹24.75 Cr (net margin 32%) and EBITDA of ₹70.86 Cr (EBITDA margin 91.5%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹324.25 Cr and satisfied charges of ₹5,581.25 Cr on record. The company has 7 deals on record (3 secondary share transfers, 2 convertible or debt financings, 1 rights issue), with disclosed funding of ₹87.24 Cr; the latest was in January 2019. 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 Atlanta Power Private Limited with revenue of ₹79.51 Cr. The company has 5 MSME Form 1 returns on record between 2022 and 2023, listing 21 overdue payments to 9 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 renewpower.in.
Company details
Name history
Prathamesh Solarfarms has undergone 3 name changes throughout its history. The company was previously known as Prathamesh Windfarms Private Limited, Prathamesh Solarfarms Private Limited, and Prathamesh Solarfarms Limited. The current legal name is Prathamesh Solarfarms Limited.
| Company Name | Status |
|---|---|
| Prathamesh Solarfarms Limited | Current |
| Prathamesh Windfarms Private Limited | Previous |
| Prathamesh Solarfarms Private Limited | Previous |
CIN history
Prathamesh Solarfarms has one previous CIN (Corporate Identification Number): U40106GJ2015PTC082734. The current CIN is U40106GJ2015PLC082734, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106GJ2015PLC082734 | Current |
| U40106GJ2015PTC082734 | Previous |
Contact details
Prathamesh Solarfarms Limited's registered office is in Ahmedabad, Gujarat. Its website is renewpower.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressA – 1304 Empire Business Hub, Science City Road Near Shukan Mall, Ahmedabad, Gujarat, India – 380060
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Prathamesh Solarfarms 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 Prathamesh Solarfarms 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 Prathamesh Solarfarms Limited, buy the company report.
Financials of Prathamesh Solarfarms Limited
FY 2025 filings availablePrathamesh Solarfarms Limited reported revenue of ₹77.44 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹70.86 Cr | ||||
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| Net Profit (PAT) | ₹24.75 Cr | ||||
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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 | 91.5% | ||||
| Net Profit Margin | 32% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Prathamesh Solarfarms Limited, buy the company report.
Board of directors of Prathamesh Solarfarms Limited
Prathamesh Solarfarms has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Purnendu Kumar Chaubey | Director | 23 Aug 2025 | 1 Years 2 Months | Current |
| Bharat Bahl Also directs: Ostro Anantapur Private Limited, Kanak Renewables Limited, Heramba Renewables Limited and 5 more | Managing Director | 28 Mar 2018 | 8 Years 7 Months | Current |
| Kailash Chandra Pandey Also directs: Renew Wind Energy (MP Three) Private Limited, Heramba Renewables Limited, Abha Solarfarms Limited and 5 more | Director | 02 May 2025 | 1 Years 5 Months | Current |
Peer comparison
Prathamesh Solarfarms 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 |
|---|---|---|---|---|---|---|
| Atlanta Power Private Limited | ₹79.51 Cr (FY 2024) | 168.0% | Satara, Maharashtra, India | |||
| Fermi Solarfarms Private Limited | ₹77.49 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| Prathamesh Solarfarms Limitedthis company | ₹77.44 Cr (FY 2025) | ₹24.75 Cr | 32% | -9.0% | Ahmedabad, Gujarat, India | |
| Avon Energies and Investments Private Limited | ₹76.81 Cr (FY 2025) | -27.0% | Ludhiana, Punjab, India | |||
| Zuka Power Private Limited | ₹76.76 Cr (FY 2025) | 20.0% | Hyderabad, Telangana, India | |||
| Ampin Energy Green Six Private Limited | ₹76.25 Cr (FY 2025) | 337.0% | New Delhi, Delhi, India | |||
| Azure Power Earth Private Limited | ₹75.59 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Prathamesh Solarfarms Limited, buy the company report.
Auditor
Prathamesh Solarfarms Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2022 | 301003E/E300005 |
Shareholding
The shareholding of Prathamesh Solarfarms 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 Prathamesh Solarfarms Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2021 | 100477180 | Others | ₹324.25 Cr | Open | |
| 05 Jul 2022 | 100588759 | Others | ₹28.1 Cr | Satisfied | |
| 31 Aug 2020 | 100398538 | Others | ₹2,567.57 Cr | Satisfied | |
| 28 Dec 2018 | 100225647 | Others | ₹2,667.57 Cr | Satisfied | |
| 27 Feb 2018 | 100156998 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Prathamesh Solarfarms Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Prathamesh Solarfarms Limited has 7 deals on record (3 secondary share transfers, 2 convertible or debt financings, 1 rights issue), with disclosed funding of ₹87.24 Cr; the latest was in January 2019.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Ostro Energy Private Limited Seller: Suzlon Energy Limited |
| Feb 2017 | Funding round | ₹24.26 Cr | Investors: Ostro Energy Private Limited , Suzlon Energy Limited |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Ostro Energy Private Limited Seller: Suzlon Energy Limited |
| Aug 2016 | Rights issue | ₹9.01 Cr | Investors: Suzlon Energy Limited |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Suzlon Energy Limited Seller: 2 individuals |
To see the full deal history of Prathamesh Solarfarms 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
No court or tribunal cases involving Prathamesh Solarfarms 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
Prathamesh Solarfarms Limited has 5 MSME Form 1 returns on record between 2022 and 2023, listing 21 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| SF Marine Offshore and Industrial | |||
| Yathva Energy Solutions Private Limited | |||
| Symatic Engineering Private Limited | |||
| Garuda Nirman Private Limited | |||
| Argo Solar Private Limited |
To see the full MSME payment records of Prathamesh Solarfarms Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Prathamesh Solarfarms has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAICP0950H1ZF | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prathamesh Solarfarms Limited, buy the company report.
Recent activity
Prathamesh Solarfarms Limited has 29 board changes on record since 2016: 6 appointments and 23 cessations. The latest: Kailash Chandra Pandey ceased to be Additional Director on 29 Sep 2025.
33 earlier events are in the company report.
News
Frequently asked questions
Prathamesh Solarfarms 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 27 March 2015 (11+ years old) and is registered under CIN U40106GJ2015PLC082734.
Prathamesh Solarfarms has 3 current directors:
- Bharat Bahl - Managing Director
- Purnendu Kumar Chaubey - Director
- Kailash Chandra Pandey - Director
The latest financial statements of Prathamesh Solarfarms on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Prathamesh Solarfarms is 36AAICP0950H1ZF, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Prathamesh Solarfarms is U40106GJ2015PLC082734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prathamesh Solarfarms was incorporated on 27 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Prathamesh Solarfarms has 7 deals on record (3 secondary share transfers, 2 convertible or debt financings, 1 rights issue), with disclosed funding of ₹87.24 Cr; the latest was in January 2019.
The peers of Prathamesh Solarfarms by revenue are Atlanta Power Private Limited, Fermi Solarfarms Private Limited, Avon Energies and Investments Private Limited, Zuka Power Private Limited, Ampin Energy Green Six Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Kailash Chandra Pandey ceased to be Additional Director on 29 Sep 2025. Purnendu Kumar Chaubey ceased to be Additional Director on 29 Sep 2025. Purnendu Kumar Chaubey was appointed as Director on 23 Aug 2025. Prathamesh Solarfarms has 29 board changes on record in total.
Prathamesh Solarfarms has 5 MSME Form 1 returns on record between 2022 and 2023, listing 21 overdue payments to 9 micro and small suppliers. The latest return was filed on 16 Jan 2024.
Prathamesh Solarfarms can be reached through the website renewpower.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Prathamesh Solarfarms is at A – 1304 Empire Business Hub, Science City Road Near Shukan Mall, Ahmedabad, Gujarat, India – 380060.
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