Radiance Renewable Projects Private Limited
About Radiance Renewable Projects Private Limited
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Radiance Renewable Projects Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Radiance Renewables Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 20 January 2023.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2023PTC398060. Its GSTIN is 27AAMCR4783J1ZO (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jigar Jajal and Subrahmanyam Kota Venkatesa.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.1 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net loss of ₹8.45 Lakh (net margin -0.5%) and EBITDA of ₹5.78 Cr (EBITDA margin 35.9%).
As per MCA filings, the company has open charges of ₹140 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Radiance Renewable Projects Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address611 Synergy Court Off., Ramchandra Lane Kanchpada, Mumbai, Maharashtra, India – 400064
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Radiance Renewable Projects 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
Business activity
The main business activity of Radiance Renewable Projects 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 Radiance Renewable Projects Private Limited, buy the company report.
Financials of Radiance Renewable Projects Private Limited
FY 2025 filings availableRadiance Renewable Projects Private Limited reported revenue of ₹16.1 Cr (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% 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 |
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| EBITDA | ₹5.78 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹8.45 Lakh | ||
| Balance Sheet | |||
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| Reserves and Surplus | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 35.9% | ||
| Net Profit Margin | -0.5% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Radiance Renewable Projects Private Limited, buy the company report.
Board of directors of Radiance Renewable Projects Private Limited
Radiance Renewable Projects 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 |
|---|---|---|---|---|
| Jigar Jajal | Director | 13 Jun 2024 | 2 Years 4 Months | Current |
| Subrahmanyam Kota Venkatesa | Director | 20 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Radiance Renewable Projects Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Sunshade Energy Private Limited | ₹16.19 Cr (FY 2025) | 27.0% | Agra, Uttar Pradesh, India | |||
| Bhanuenergy Industrial Development Limited | ₹16.16 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Kundan Solar (Astonfield) Private Limited | ₹16.13 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Radiance Renewable Projects Private Limitedthis company | ₹16.1 Cr (FY 2025) | -₹8.45 Lakh | -0.5% | -65.0% | Mumbai, Maharashtra, India | |
| Rewanchal Solar Power Private Limited | ₹16 Cr (FY 2025) | -6.0% | Gurugram, Haryana, India | |||
| Ampin Power Systems Private Limited | ₹15.82 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India |
To see the full peer comparison of Radiance Renewable Projects Private Limited, buy the company report.
Auditor
Radiance Renewable Projects Private Limited is audited by Raghani & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Raghani & Associates | FY 2023 | 147541W |
Shareholding
The shareholding of Radiance Renewable Projects Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Radiance Renewable Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Apr 2025 | 101184610 | Others | ₹20 Cr | Open | |
| 06 Mar 2025 | 101132692 | Others | ₹20 Cr | Open | |
| 02 Aug 2024 | 100978268 | Others | ₹20 Cr | Open | |
| 24 Jun 2024 | 100986947 | Others | ₹30 Cr | Open | |
| 28 May 2024 | 101010871 | Others | ₹50 Cr | Open |
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Radiance Renewable Projects Private 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
No delayed payments to MSME suppliers are on our record for Radiance Renewable Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Radiance Renewable Projects Private Limited has 1 active EPFO establishment as of Apr 09, 2024.
GST
Radiance Renewable Projects has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCR4783J1ZO | Maharashtra | Active | 27 Apr 2023 |
To see the full GST registrations and return filing status of Radiance Renewable Projects Private Limited, buy the company report.
Recent activity
Radiance Renewable Projects Private Limited has 4 board changes on record since 2023: 2 appointments and 2 cessations. The latest: Jigar Jajal ceased to be Additional Director on 23 Sep 2024.
Frequently asked questions
Radiance Renewable Projects 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 20 January 2023 (3+ years old) and is registered under CIN U40106MH2023PTC398060.
Radiance Renewable Projects has 2 current directors:
- Jigar Jajal - Director
- Subrahmanyam Kota Venkatesa - Director
The latest financial statements of Radiance Renewable Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Radiance Renewable Projects is 27AAMCR4783J1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Radiance Renewable Projects is U40106MH2023PTC398060. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radiance Renewable Projects was incorporated on 20 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Radiance Renewable Projects by revenue are Sunshade Energy Private Limited, Bhanuenergy Industrial Development Limited, Kundan Solar (Astonfield) Private Limited, Rewanchal Solar Power Private Limited, Ampin Power Systems Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Jigar Jajal ceased to be Additional Director on 23 Sep 2024. Aswin Dev ceased to be Director on 13 Jun 2024. Jigar Jajal was appointed as Director on 13 Jun 2024. Radiance Renewable Projects has 4 board changes on record in total.
The registered office of Radiance Renewable Projects is at 611 Synergy Court Off., Ramchandra Lane Kanchpada, Mumbai, Maharashtra, India – 400064.
Radiance Renewable Projects operates in the environment industry, in the solar energy solutions segment.
Radiance Renewable Projects has open charges of ₹140 Cr and no satisfied charges on record as per latest MCA filings.
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