About PV Power Technologies Private Limited
Data last updated:
PV Power Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 22 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U35105MH2008PTC178125. Its GSTIN is 27AAECP5113E1ZR (Maharashtra). The company holds 10 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹1.01 Cr and a paid-up capital of ₹1.01 Cr. It is led by directors Pushpak Vaghjibhai Desai and Jimmi Vaghji Desai.
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 3rd Flr Unit No. Gj 14 Sdf VII Seepz, Andheri (East) SEZ Mumbai, Maharashtra, India – 400096.
As per the financials filed for FY 2025, the company reported a revenue of ₹190.05 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.79 Cr (net margin -0.9%) and EBITDA of ₹4.82 Lakh (EBITDA margin 0%).
The company is associated with 1 brand: PV Power Tech. As per MCA filings, the company has open charges of ₹57.7 Cr and satisfied charges of ₹18.36 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pvpowertech.com.
Company details
CIN history
PV Power Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35105MH2008PTC178125, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105MH2008PTC178125 | Current |
| U74110MH2008PTC178125 | Previous |
| U40102MH2008PTC178125 | Previous |
Contact details
PV Power Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is pvpowertech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Flr Unit No. Gj 14 Sdf VII Seepz, Andheri (East) SEZ Mumbai, Maharashtra, India – 400096
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of PV Power Technologies 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
Brands
PV Power Technologies operates one associated brand: PV Power Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar panels, rooftops, pumps, and lighting for sustainable energy. | pvpowertech.com |
Financials of PV Power Technologies Private Limited
FY 2024 filings availablePV Power Technologies Private Limited reported revenue of ₹190.05 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year. EBITDA fell 99% in the latest 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 | ₹4.82 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.79 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 | 0% | ||||
| Net Profit Margin | -0.9% | ||||
| 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 PV Power Technologies Private Limited, buy the company report.
Board of directors of PV Power Technologies Private Limited
PV Power Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pushpak Vaghjibhai Desai Also directs: Sundaram Jewels Private Limited | Director | 22 Jan 2008 | 18 Years 9 Months | Current |
| Jimmi Vaghji Desai Also directs: Sun Petrochemicals Private Limited, Sun Petro Private Limited, PV Roofsolar Private Limited and 5 more | Director | 13 Apr 2009 | 17 Years 6 Months | Current |
Peer comparison
PV Power Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Viridis Engineering India Private Limited | ₹192.52 Cr (FY 2025) | 39.0% | Coimbatore, Tamil Nadu, India | |||
| PV Power Technologies Private Limitedthis company | ₹190.05 Cr (FY 2025) | -₹1.79 Cr | -0.9% | -4.0% | Mumbai, Maharashtra, India | |
| Maharashtra Electro-Mechanical Works Private Limited | ₹188.63 Cr (FY 2024) | -3.0% | Maharashtra, India | |||
| Ece (India) Energies Limited | ₹188.36 Cr (FY 2025) | 75.0% | Amravati, Maharashtra, India |
To see the full peer comparison of PV Power Technologies Private Limited, buy the company report.
Auditor
PV Power Technologies Private Limited is audited by Ashok Kapadia & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok Kapadia & Associates | FY 2022 | 139469W |
Shareholding
The shareholding of PV Power Technologies 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 PV Power Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Oct 2020 | 100380702 | Others | ₹7.15 Lakh | Open | |
| 24 Aug 2017 | 100137094 | Others | ₹5.92 Lakh | Open | |
| 12 Oct 2009 | 10183141 | Others | ₹57.57 Cr | Open | |
| 14 Feb 2009 | 10145099 | Union Bank of India | ₹5 Cr | Satisfied | |
| 14 Feb 2009 | 10147094 | Union Bank of India | ₹9 Cr | Satisfied |
To see the full charge records of PV Power Technologies Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
PV Power Technologies Private Limited has 13 court cases on record: 6 filed by PV Power Technologies, 7 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 5 | 1 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sri Muktsar Sahib, Punjab | Civil suit | Filed against the company by M/S G.S. Atwal and Co. Engineers Pvt. Ltd. | Pending |
| High Court | Civil miscellaneous application | Filed by the company against Jaipur Dairy, Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. | Pending |
| High Court, Rajasthan | Court case (CSTAY) | Filed against the company by Jaipur Dairy,Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. | Disposed |
| High Court, Rajasthan | Appeal | Filed against the company by Jaipur Dairy,Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. | Disposed |
| High Court, Rajasthan | Court case (CSTAY) | Filed by the company against an individual | Disposed |
To see the full case history of PV Power Technologies 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.
Credit ratings & regulatory alerts
PV Power Technologies Private Limited was last rated by Care on 05 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 05 Apr 2022 |
To see the full credit ratings and regulatory alerts of PV Power Technologies Private Limited, buy the company report.
MSME payment delays
PV Power Technologies Private Limited has 39 MSME Form 1 returns on record between 2018 and 2024, listing 685 overdue payments to 58 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 58)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Banga Solar Private Limited | |||
| Inforce Engineering Solutions LLP | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of PV Power Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
PV Power Technologies has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECP5113E1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AAECP5113E3ZP | Maharashtra | Active | 02 Jun 2022 |
| 08AAECP5113E1ZR | Rajasthan | Active | 01 Jul 2017 |
| 22AAECP5113E1Z1 | Chhattisgarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of PV Power Technologies Private Limited, buy the company report.
Recent activity
PV Power Technologies Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Aalok Dilip Shanghvi ceased to be Director on 31 Jan 2023.
6 earlier events are in the company report.
News
Frequently asked questions
PV Power Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 22 January 2008 (18+ years old) and is registered under CIN U35105MH2008PTC178125.
PV Power Technologies has 2 current directors:
- Pushpak Vaghjibhai Desai - Director
- Jimmi Vaghji Desai - Director
The latest financial statements of PV Power Technologies 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 PV Power Technologies is 27AAECP5113E1ZR, registered in Maharashtra. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 27AAECP5113E3ZP (Maharashtra), 08AAECP5113E1ZR (Rajasthan), 22AAECP5113E1Z1 (Chhattisgarh).
The CIN (Corporate Identification Number) of PV Power Technologies is U35105MH2008PTC178125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
PV Power Technologies has 13 court cases on record: 6 filed by the company and 7 filed against it. 2 are pending. Most are in the high courts.
PV Power Technologies was incorporated on 22 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of PV Power Technologies by revenue are Viridis Engineering India Private Limited, Maharashtra Electro-Mechanical Works Private Limited, Ece (India) Energies Limited, all in the Power industry (EPC, BoP and BTG), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Aalok Dilip Shanghvi ceased to be Director on 31 Jan 2023. Jimmi Vaghji Desai ceased to be Additional Director on 15 Jul 2009. Jimmi Vaghji Desai was appointed as Director on 13 Apr 2009. PV Power Technologies has 4 board changes on record in total.
PV Power Technologies has 39 MSME Form 1 returns on record between 2018 and 2024, listing 685 overdue payments to 58 micro and small suppliers. The latest return was filed on 26 Apr 2024.
PV Power Technologies can be reached through the website pvpowertech.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of PV Power Technologies is at 3rd Flr Unit No. Gj 14 Sdf VII Seepz, Andheri East SEZ Mumbai, Maharashtra, India – 400096.