About Ramnad Solar Power Limited
Data last updated:
Ramnad Solar Power Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Adani Green Energy (Tamilnadu) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 04 June 2015.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2015PLC083404. Its GSTIN is 33AAHCR3407J1ZH (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹80 Cr and a paid-up capital of ₹76.5 Cr. It was led by directors including Raj Kumar Jain (Whole-Time Director) and Manish.
Its last annual general meeting (AGM) was held on 18 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹107.1 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹42.57 Cr (net margin 39.7%) and EBITDA of ₹102.57 Cr (EBITDA margin 95.8%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 4% over five years.
As per MCA filings, the company had satisfied charges of ₹360.1 Cr on record. Court records list 18 cases involving the company, including 7 filed by the company and 11 filed against it; 5 cases are pending. The company has 2 deals on record (2 acquisitions); the latest was in March 2016. Its 8 peer companies in the Infrastructure industry (Power Projects, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 3 smaller; the largest is Waaneep Solar Private Limited with revenue of ₹110.35 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 22 overdue payments to 14 micro and small suppliers.
The last known website on record is adani.com.
Company details
Contact details
Ramnad Solar Power Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Nr. Vaishno Devi Circle S G Highway Kh, Odiyar, Ahmedabad, Gujarat, India – 382421
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Ramnad Solar Power 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 Ramnad Solar Power 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 Ramnad Solar Power Limited, buy the company report.
Financials of Ramnad Solar Power Limited
FY 2023 filings availableRamnad Solar Power Limited reported revenue of ₹107.1 Cr (up 12% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 12% growth in the latest year. EBITDA rose 11% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹107.1 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹102.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42.57 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.8% | ||||
| Net Profit Margin | 39.7% | ||||
| 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 Ramnad Solar Power Limited, buy the company report.
Board of directors of Ramnad Solar Power Limited
Ramnad Solar Power has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Also directs: Mrva Energy Solutions LLP, Draax Fashions Private Limited, Adani Renewable Energy Fifty One Limited and 5 more | Director | 31 Mar 2021 | 5 Years 7 Months | As last reported |
| Vijay Parsottam Vadhia | Director | 20 Jan 2021 | 5 Years 9 Months | As last reported |
| Ashwin Laljibhai Kyada | Director | 07 Nov 2022 | 3 Years 11 Months | As last reported |
| Raj Kumar Jain Also directs: Misha Organic Farms LLP, Adani Green Energy (Up) Limited, Wind One Renergy Limited and 5 more | Whole-Time Director | 08 Nov 2017 | 8 Years 11 Months | As last reported |
Peer comparison
Ramnad Solar Power Limited is compared with the 8 companies closest to it by revenue in the Infrastructure industry (Power Projects, 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 |
|---|---|---|---|---|---|---|
| Waaneep Solar Private Limited | ₹110.35 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Universal Saur Urja Private Limited | ₹109.62 Cr (FY 2025) | 8.0% | New Delhi, Delhi, India | |||
| Abrel SPV 2 Limited | ₹108.98 Cr (FY 2025) | 119.0% | Mumbai, Maharashtra, India | |||
| Avaada Solar Energy Private Limited | ₹108.19 Cr (FY 2025) | -18.0% | Mumbai, Maharashtra, India | |||
| Adani Solar Energy Kutchh One Limited | ₹107.28 Cr (FY 2025) | -1.0% | Ahmedabad, Gujarat, India | |||
| Ramnad Solar Power Limitedthis company | ₹107.1 Cr (FY 2023) | ₹42.57 Cr | 39.7% | 12.0% | Ahmedabad, Gujarat, India | |
| Winsol Solar Fields (Polepally) Private Limited | ₹106.33 Cr (FY 2025) | -7.0% | Gurgaon, Haryana, India | |||
| Adani Solar Energy Four Limited | ₹105.95 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Adani Green Energy Twenty Five A Limited | ₹105.43 Cr (FY 2025) | 351333.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ramnad Solar Power Limited, buy the company report.
Auditor
Ramnad Solar Power Limited is audited by Dharmesh Parikh & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dharmesh Parikh & Co LLP | FY 2023 | 112054W/W100725 |
Shareholding
The shareholding of Ramnad Solar Power 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 Ramnad Solar Power Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2017 | 100080371 | Sbicap Trustee Company Limited | ₹22 Cr | Satisfied | |
| 30 Apr 2016 | 100024875 | Others | ₹62.5 Cr | Satisfied | |
| 22 Dec 2015 | 10610914 | Standard Chartered Bank | ₹129.6 Cr | Satisfied | |
| 10 Nov 2015 | 10613990 | Others | ₹71 Cr | Satisfied | |
| 15 Sep 2015 | 10595979 | Sbicap Trustee Company Limited | ₹75 Cr | Satisfied |
To see the full charge records of Ramnad Solar Power Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Ramnad Solar Power Limited has 2 deals on record (2 acquisitions); the latest was in March 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Acquisition | ₹76.45 Cr | Buyer: Adani Green Energy (Tamilnadu) Limited |
| Jul 2015 | Acquisition | Undisclosed | Buyer: Adani Green Energy (Tamilnadu) Limited Seller: Adani Green Energy Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ramnad Solar Power Limited has 18 court cases on record: 7 filed by Ramnad Solar Power, 11 filed against it. 5 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 10 | 5 |
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation and Distribution Corproation Limited Arun Kumar D.R and 1 other | Pending |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Tamil Nadu Generation and Distribution Corproation Limited Arun Kumar D.R and 1 other | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation and Distribution Corproation Limited Arun Kumar D.R and 1 other | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Tamil Nadu Generation and Distribution Corproation Limited Arun Kumar D.R and 1 other | Disposed |
| NCLT, Ahmedabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Ramnad Solar Power 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
Ramnad Solar Power Limited was last rated by Indiarating on 16 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 16 Apr 2021 |
To see the full credit ratings and regulatory alerts of Ramnad Solar Power Limited, buy the company report.
MSME payment delays
Ramnad Solar Power Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 22 overdue payments to 14 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 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sew Services Private Limited | |||
| CBS Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ramnad Solar Power Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Ramnad Solar Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCR3407J1ZH | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ramnad Solar Power Limited, buy the company report.
Recent activity
Ramnad Solar Power Limited has 20 board changes on record since 2016: 4 appointments and 16 cessations. The latest: Ashwin Laljibhai Kyada ceased to be Additional Director on 17 Jul 2023.
24 earlier events are in the company report.
News
Frequently asked questions
Ramnad Solar Power has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Ramnad Solar Power was a public limited company based in Ahmedabad, Gujarat, India. The company worked in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 04 June 2015 and is registered under CIN U40106GJ2015PLC083404. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Ramnad Solar Power was incorporated on 04 June 2015. It is registered with the Registrar of Companies, Ahmedabad.
Ramnad Solar Power had 4 directors:
- Raj Kumar Jain - Whole-Time Director
- Manish - Director
- Vijay Parsottam Vadhia - Director
- Ashwin Laljibhai Kyada - Director
The CIN (Corporate Identification Number) of Ramnad Solar Power is U40106GJ2015PLC083404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ramnad Solar Power is at Adani Corporate House Shantigram Nr. Vaishno Devi Circle S G Highway Kh, Odiyar, Ahmedabad, Gujarat, India – 382421.
Ramnad Solar Power can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Ramnad Solar Power on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 18 July 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Ramnad Solar Power is 33AAHCR3407J1ZH, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Ramnad Solar Power operated in the infrastructure and utilities industry, in the power infrastructure and energy projects segment.
Ramnad Solar Power has 2 deals on record (2 acquisitions); the latest was in March 2016.
The peers of Ramnad Solar Power by revenue are Waaneep Solar Private Limited, Universal Saur Urja Private Limited, Abrel SPV 2 Limited, Avaada Solar Energy Private Limited, Adani Solar Energy Kutchh One Limited and 3 more, all in the Infrastructure industry (Power Projects, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
