MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0065574
Quark Solar Private Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.63 Cr
▲ 7.18% YoY
Net profit · FY 2025
₹20.04 Lakh
Net margin 1%
EBITDA · FY 2025
₹65.14 Lakh
EBITDA margin 3.3%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹93.85 Lakh
Issued & subscribed
Open charges
₹1.75 Cr
Satisfied ₹55 Lakh
Company age
28 yrs
Est. 1998
Directors on board
2
As per MCA filings
About Quark Solar Private Limited
Data last updated:
Quark Solar Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pae Limited. It operates in the power epc segment of the energy and power sector. It was incorporated on 20 July 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51397MH1998PTC115885. Its GSTIN is 27AACCA8325K1ZJ (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹93.85 Lakh. It was formerly known as Sky Naturenergy Private Limited and Onesun Private Limited. It is led by directors Sohini Pritam Doshi (Managing Director) and Pratibha Arvind Doshi.
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 69 Tardeo Road, Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.63 Cr. For the same year it recorded a net profit of ₹20.04 Lakh (net margin 1%) and EBITDA of ₹65.14 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 20% over five years.
The company is associated with 2 brands: PAE Renewables and Quark Solar. As per MCA filings, the company has open charges of ₹1.75 Cr and satisfied charges of ₹55 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in December 2016. Its 10 peer companies in the Power industry (EPC, BoP and BTG) are compared by revenue, 5 larger and 5 smaller; the largest is Jivo Energy Private Limited with revenue of ₹19.84 Cr.
Quark Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0065574). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website quarksolar.in.
Company Details of Quark Solar Private Limited
CIN U51397MH1998PTC115885
Registration Number 115885
Incorporation Date 20 July 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Pae Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0065574
Name History of Quark Solar Private Limited
Quark Solar has undergone 10 name changes throughout its history. The current legal name is Quark Solar Private Limited.
| Company Name | Status |
|---|---|
| Quark Solar Private Limited | Current |
| Sky Naturenergy Private Limited | Previous |
| Onesun Private Limited | Previous |
| Power Onesun Private Limited | Previous |
| Ascent Medical India Private Limited | Previous |
| Elio Power Private Limited | Previous |
| Pae Renewables Private Limited | Previous |
| Onesun Green Power Private Limited | Previous |
| Onesun Urja Private Limited | Previous |
| Onesun Solar Power Private Limited | Previous |
| Elio Solar Private Limited | Previous |
Recognitions & Rankings of Quark Solar
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address69 Tardeo Road, Mumbai, Maharashtra, India – 400034
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
Comprehensive company report
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Associated Brands with Quark Solar Private Limited
Quark Solar operates two associated brands: PAE Renewables and Quark Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Designs and installs solar energy systems for sustainable solutions. | paerenewables.com | |
| Delivers turnkey EPC services for commercial solar projects in India. | quarksolar.in |
Business Activity of Quark Solar Private Limited
The main business activity of Quark 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Quark Solar Private Limited FY 2025 filings available
Quark Solar Private Limited reported revenue of ₹19.63 Cr for FY 2025.
Revenue · FY 2025
₹19.63 Cr
Net profit · FY 2025
₹20.04 Lakh margin 1%
EBITDA · FY 2025
₹65.14 Lakh margin 3.3%
Compounded Annual Growth Rate (CAGR) of Quark Solar Private Limited
Revenue CAGR growth
3 years · compounded
▼ 10%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 11%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years. EBITDA fell 18% 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 Quark Solar Private Limited
| 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 | ₹65.14 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.04 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 of Quark Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Quark Solar are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Quark Solar Private Limited
Quark Solar has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratibha Arvind Doshi Also directs: Rajubai Consultancy LLP | Director | 28 Aug 2023 | 3 Years 1 Months | Current |
| Sohini Pritam Doshi | Managing Director | 03 Nov 2018 | 7 Years 11 Months | Current |
Peer Comparison of Quark Solar Private Limited
Quark Solar Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jivo Energy Private Limited | ₹19.84 Cr (FY 2025) | •••• | •••• | 602.0% | •••• | Gurgaon, Haryana, India |
| Clean Max Vent Power Private Limited | ₹19.84 Cr (FY 2022) | •••• | •••• | 32.0% | •••• | Mumbai, Maharashtra, India |
| Klystron Electronics Pvt.Ltd. | ₹19.84 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Kolkata, West Bengal, India |
| Sr Power Systems India Private Limited | ₹19.7 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Hyderabad, Telangana, India |
| Wattsun Energy India Private Limited | ₹19.65 Cr (FY 2023) | •••• | •••• | 194.0% | •••• | Thiruvananthapuram, Kerala, India |
| Quark Solar Private Limited this company | ₹19.63 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Waveshapes India Private Limited | ₹19.58 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Delhi, India |
| Manu Electricals Private Limited | ₹19.57 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Pune- III Transmission Limited | ₹19.55 Cr (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Yalavarti Engineering Private Limited | ₹19.51 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Patancheru, Telangana, India |
| Prabhune Engineers and Fabricators Private Limited | ₹19.49 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Sangli, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Quark Solar by revenue in the Power industry (EPC, BoP and BTG), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Quark Solar Private Limited
Quark Solar Private Limited is audited by M B Agarwal And Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M B Agarwal And Co | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Quark Solar Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Quark Solar Private Limited
Open charges
₹1.75 Cr
Satisfied charges
₹55 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jul 2022 | Others | ₹1.75 Cr | Open |
| 12 Jan 2012 | The Jain Sahakari Bank Limited | ₹55 Lakh | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Quark Solar Private Limited
Quark Solar Private Limited has 1 deal on record (1 acquisition); the latest was in December 2016.
Total deals
1
Acquisition
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2016 | Acquisition | ₹6.8 Lakh | Seller: Pae Limited |
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Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Quark Solar Private Limited
Quark Solar Private Limited has 2 court cases on record: 2 filed by Quark Solar. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
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Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Quark Solar Private Limited
Employment history and EPFO contributions of people linked to Quark Solar.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Quark Solar Private Limited
Quark Solar Private Limited has 9 board changes on record since 2010: 2 appointments and 7 cessations. The latest: Pratibha Arvind Doshi ceased to be Additional Director on 29 Sep 2023.
AGM
Quark Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Quark Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Pratibha Arvind Doshi ceased to be Additional Director.
Appointed
Pratibha Arvind Doshi was appointed as Director.
Charges
A charge with Others of Rs. 1.75 Cr registered on 11 Jul 2022 with Charge ID 100593693 was modified on 03 Aug 2023.
Charges
A charge with Others amounted to Rs. 1.75 Cr with Charge ID 100593693 was registered on 11 Jul 2022.
Ceased
Gopi Bhuvan Ajmera ceased to be Additional Director.
Ceased
Sohini Pritam Doshi ceased to be Additional Director.
Appointed
Sohini Pritam Doshi was appointed as Managing Director.
Charges
A charge registered on 12 Jan 2012 via Charge ID 10333417 with The Jain Sahakari Bank Limited was fully satisfied on 24 Nov 2017.
Ceased
Bhuvan Kirtikumar Ajmera ceased to be Director.
Ceased
Pritam Arvind Doshi ceased to be Director.
5 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Quark Solar Private Limited
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MSME Payment Delays by Quark Solar Private Limited
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MSME payment history
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Subsidiaries & Group Companies of Quark Solar Private Limited
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Corporate group structure
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GST Compliance of Quark Solar Private Limited
Quark Solar has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA8325K1ZJ | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Quark Solar Private Limited
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Frequently Asked Questions about Quark Solar Private Limited
Quark Solar is an active private limited company based in Mumbai, Maharashtra, India. The company works in power epc, within the energy and power industry. It was incorporated on 20 July 1998 (28+ years old) and is registered under CIN U51397MH1998PTC115885.
Quark Solar reported revenue of ₹19.63 Cr for FY 2025.
Quark Solar has 2 current directors:
- Sohini Pritam Doshi - Managing Director
- Pratibha Arvind Doshi - Director
Quark Solar reported a net profit of ₹20.04 Lakh (net margin 1%) and EBITDA of ₹65.14 Lakh (EBITDA margin 3.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Quark Solar is -10% over three years and 20% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Quark Solar is 27AACCA8325K1ZJ, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Quark Solar is U51397MH1998PTC115885. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quark Solar has 2 court cases on record: 2 filed by the company.
Quark Solar was incorporated on 20 July 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Quark Solar has 1 deal on record (1 acquisition); the latest was in December 2016.
The peers of Quark Solar by revenue are Jivo Energy Private Limited, Clean Max Vent Power Private Limited, Klystron Electronics Pvt.Ltd, Sr Power Systems India Private Limited, Wattsun Energy India Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).