About Radiance Solar Private Limited
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Radiance Solar Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Shapoorji Pallonji Infrastructure Capital Company Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 03 July 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2015PTC400902. Its GSTIN is 29AAHCR3728A1ZH (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹36 Cr and a paid-up capital of ₹18 Cr. It is led by directors Sharad Saluja and Sachin Kumar.
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 2nd Floor A – 10 Sanskrit Bhawan, Qutub Institutional Area Aruna Asaf Ali Marg, New Delhi, Delhi, India – 110067.
As per the financials filed for FY 2022, the company reported a revenue of ₹12.67 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹3.88 Cr (net margin -30.7%) and EBITDA of ₹11.07 Cr (EBITDA margin 87.4%).
As per MCA filings, the company has satisfied charges of ₹74 Cr on record. Court records list 25 cases involving the company, including 3 filed by the company and 22 filed against it; 1 case is pending. The company has 4 deals on record (1 debt financing, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹26.36 Cr; the latest was in December 2021. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 3 smaller; the largest is Snca Energy & Infrastructure Private Limited with revenue of ₹5.32 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sp-group.co.in.
Company details
CIN history
Radiance Solar has one previous CIN (Corporate Identification Number): U74999MH2015PTC266309. The current CIN is U74999DL2015PTC400902, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL2015PTC400902 | Current |
| U74999MH2015PTC266309 | Previous |
Contact details
Radiance Solar Private Limited's registered office is in New Delhi, Delhi. Its website is sp-group.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address2nd Floor A – 10 Sanskrit Bhawan, Qutub Institutional Area Aruna Asaf Ali Marg, New Delhi, Delhi, India – 110067
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Radiance Solar 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
Financials of Radiance Solar Private Limited
FY 2025 filings availableRadiance Solar Private Limited reported revenue of ₹12.67 Cr (down 1% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹12.67 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.88 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.4% | ||||
| Net Profit Margin | -30.7% | ||||
| 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 Solar Private Limited, buy the company report.
Board of directors of Radiance Solar Private Limited
Radiance Solar has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sharad Saluja | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
| Sachin Kumar Also directs: Krska Sankranti One Private Limited | Director | 15 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Radiance Solar Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Radiance Solar Private Limitedthis company | ₹12.67 Cr (FY 2022) | -₹3.88 Cr | -30.7% | -1.0% | New Delhi, Delhi, India | |
| Snca Energy & Infrastructure Private Limited | ₹5.32 Cr (FY 2025) | -42.0% | New Delhi, Delhi, India | |||
| Fpel Celestical Private Limited | ₹5.32 Cr (FY 2025) | 13.0% | Hyderabad, Telangana, India | |||
| O2 Renewable Energy Xii Private Limited | ₹5.31 Cr (FY 2025) | 7376.0% | New Delhi, Delhi, India | |||
| Sumeru Energy Private Limited | ₹5.3 Cr (FY 2025) | -14.0% | Hyderabad, Telangana, India | |||
| Radiance Punjab Renewable Private Limited | ₹5.22 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Clean Max Astria Private Limited | ₹5.22 Cr (FY 2025) | 112.0% | Mumbai, Maharashtra, India | |||
| Palnadu Solar Power Private Limited | ₹5.22 Cr (FY 2025) | 11.0% | Guntur, Andhra Pradesh, India |
To see the full peer comparison of Radiance Solar Private Limited, buy the company report.
Auditor
Radiance Solar Private Limited is audited by SHAH DEDHIA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH DEDHIA & ASSOCIATES | FY 2021 | 102605W |
Shareholding
The shareholding of Radiance Solar Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Radiance Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Aug 2019 | 100290120 | Others | ₹74 Cr | Satisfied |
To see the full charge records of Radiance Solar Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Radiance Solar Private Limited has 4 deals on record (1 debt financing, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹26.36 Cr; the latest was in December 2021.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Sterling Agro Industries Limited Seller: Shapoorji Pallonji Solar Holdings Private Limited , Shapoorji Pallonji Infrastructure Capital Company Private Limited |
| Dec 2021 | Debt financing | ₹8.67 Cr | Investors: Sterling Agro Industries Limited |
| Mar 2019 | Rights issue | ₹18 Cr | Investors: Shapoorji Pallonji Infrastructure Capital Company Private Limited , Shapoorji Pallonji Solar Holdings Private Limited Seller: Shapoorji Pallonji Infrastructure Capital Company Private Limited |
To see the full deal history of Radiance Solar Private 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
Radiance Solar Private Limited has 25 court cases on record: 3 filed by Radiance Solar, 22 filed against it. 1 case is pending and 24 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 22 | 0 |
| High courts | 2 | 0 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against The State of Karnataka | Pending |
| High Court | Writ petition | Filed by the company against The Deputy Commissioner | Disposed |
| District court, DAVANGERE, Karnataka | Civil suit | Filed by the company against M/S Clean Max Pvt Ltd.,Represented by Its Project Director Sri. Subhash Babu | Disposed |
| District court, CHITRADURGA, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, CHITRADURGA, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
To see the full case history of Radiance Solar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Radiance Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Radiance Solar has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAHCR3728A1ZH | Karnataka | Active | 17 Sep 2018 |
| 27AAHCR3728A1ZL | Maharashtra | Active | 27 Sep 2018 |
To see the full GST registrations and return filing status of Radiance Solar Private Limited, buy the company report.
Recent activity
Radiance Solar Private Limited has 10 board changes on record since 2016: 2 appointments and 8 cessations. The latest: Sachin Kumar ceased to be Additional Director on 30 Sep 2022.
4 earlier events are in the company report.
News
Frequently asked questions
Radiance Solar is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 03 July 2015 (11+ years old) and is registered under CIN U74999DL2015PTC400902.
Radiance Solar has 2 current directors:
- Sharad Saluja - Director
- Sachin Kumar - Director
The latest financial statements of Radiance Solar 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 FY 2016 are in the company report.
The GSTIN of Radiance Solar is 29AAHCR3728A1ZH, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAHCR3728A1ZL (Maharashtra).
The CIN (Corporate Identification Number) of Radiance Solar is U74999DL2015PTC400902. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Radiance Solar has 25 court cases on record: 3 filed by the company and 22 filed against it. 1 is pending. Most are in the district courts.
Radiance Solar was incorporated on 03 July 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
Radiance Solar has 4 deals on record (1 debt financing, 1 secondary share transfer, 1 rights issue), with disclosed funding of ₹26.36 Cr; the latest was in December 2021.
The peers of Radiance Solar by revenue are Snca Energy & Infrastructure Private Limited, Fpel Celestical Private Limited, O2 Renewable Energy Xii Private Limited, Sumeru Energy Private Limited, Radiance Punjab Renewable Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sachin Kumar ceased to be Additional Director on 30 Sep 2022. Sharad Saluja ceased to be Additional Director on 30 Sep 2022. Sachin Kumar was appointed as Director on 15 Dec 2021. Radiance Solar has 10 board changes on record in total.
Radiance Solar can be reached through the website sp-group.co.in. Its registered office is in New Delhi, Delhi, India.