Rayzon Solar Limited - Company Profile

Q: Who are the current directors of Rayzon Solar Limited?

The current directors of Rayzon Solar Limited are Chirag Nakrani Devchandbhai, Hardik Ashokbhai Kothiya, Ankit Naresh Mittal, Jay Ajit Chhaira, Devchandbhai Kalubhai Nakrani, Ashokbhai Manjibhai Kothiya, Binay Radhakisan Agarwal, Deepali Darshak Lakdawala, Smita Kiran Davda, Amit Pandurang Barve, Ankit Jayantbhai Shah, Mittal Narendrabhai Shah.

It is a energy and power public limited company based in Surat City, Gujarat, India, established in 2022.

2022 Surat City, Gujarat, India Active

Last Updated: December 22, 2025

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About Rayzon Solar Limited

Rayzon Solar Limited, a active public limited company, was established on 20 June 2022 in Surat City, Gujarat, India. Engaging in power equipment manufacturers within the electricity, gas, steam and air condition supply sector, it holds CIN: U29309GJ2022PLC133026. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹100.00 Cr and a paid-up capital of ₹61.18 Cr.

It upholds a compliant status. Employing 1,576 professional, Its leadership includes Chirag Nakrani Devchandbhai (Managing Director), Hardik Ashokbhai Kothiya (Managing Director), Ankit Naresh Mittal (Director). Past directors included Induben Devchandbhai Nakrani, Chirag Nakrani Devchandbhai, Hardik Ashokbhai Kothiya. It holds ₹1,123.34 Cr open charges and ₹48.00 Cr settled loans. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at 1104-1107 & 1109-1110, 11Th Floor, Millenium Business Hub,, Opp. Deep Kamal Mall, Varachha Road, Sarthana Jakatnaka,, Surat City, Gujarat, 395006.

Company Details

CIN/LLPIN
U29309GJ2022PLC133026
Registration Number
133026
Incorporation Date
20 June 2022
Authorized Capital
₹100.00 Cr
Paid-Up Capital
₹61.18 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 100.00 Cr as on 22-12-2025
Paid Up Capital ₹ 61.18 Cr as on 22-12-2025
Company Age 3 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1,123.34 Cr as on 22-12-2025
Satisfied Charges ₹ 48.00 Cr as on 22-12-2025
Revenue Growth **** 121.97% (FY 2025)
Profit Growth **** 440.83% (FY 2025)
Ebitda **** 380.16% (FY 2025)
Net Worth 535.84% (FY 2025)
Total Assets **** 293.39% (FY 2025)

Comprehensive Company Insights

Explore comprehensive insights into Rayzon Solar Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Rayzon Solar Limited?

Current Directors

Name	Designation	Appointment Date	Status
Chirag Nakrani Devchandbhai	Managing Director	20 Jun 2022	Current
Hardik Ashokbhai Kothiya	Managing Director	20 Jun 2022	Current
Ankit Naresh Mittal	Director	30 Jan 2025	Current
Jay Ajit Chhaira	Director	30 Jan 2025	Current
Devchandbhai Kalubhai Nakrani	Whole-Time Director	20 Jun 2022	Current
Ashokbhai Manjibhai Kothiya	Whole-Time Director	20 Jun 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	24 Dec 2024	Past
Pramod Abcsdd	Director	04 Jun 2025	Past
Pramod Abcsdd	Director	04 Jun 2025	Past
Pramod Abcsdd	Director	04 Jun 2025	Past
Pramod Abcsdd	Director	04 Jun 2025	Past
Pramod Abcsdd	Director	24 Dec 2024	Past

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Financial Performance of Rayzon Solar.

Rayzon Solar Limited, for the financial year ended 2025, experienced significant growth in revenue, with a 121.97% increase. The company also saw a substantial improvement in profitability, with a 440.83% increase in profit. The company's net worth Soared by an impressive increase of 535.84%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

121.97%

*******

Revenue from Operations

*******

121.38%

*******

Total Assets

*******

293.39%

*******

Profit or Loss

*******

440.83%

*******

Net Worth

*******

535.84%

*******

EBITDA

*******

380.16%

*******

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What is the Ownership and Shareholding Structure of Rayzon Solar?

In 2024, Rayzon Solar had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹11,233,423,050.00

Satisfied Charges

₹480,000,000.00

Charges Breakdown by Lending Institutions

Others : 551.40 Cr
Hdfc Bank Limited : 251.94 Cr
The Hongkong And Shanghai Banking Corporation Limited : 200.00 Cr
Axis Bank Limited : 120.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
07 Oct 2025	Others	₹85.00 Cr	Open
29 Aug 2025	Others	₹50.00 Cr	Open
28 Aug 2025	Others	₹80.00 Cr	Open
30 Jul 2025	Axis Bank Limited	₹120.00 Cr	Open
27 Feb 2025	Others	₹100.00 Cr	Open

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How Many Employees Work at Rayzon Solar?

Rayzon Solar has a workforce of 1576 employees as of Nov 19, 2025. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Rayzon Solar, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Rayzon Solar's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Rayzon Solar

Recent Activity within the Organization

Director Appointment

Progress on Mittal Narendrabhai Shah was appointed as a Company Secretary was appointed as a Company Secretary on 08 Nov 2025 & has been associated with this company since 7 months 5 days . was documented.
08 Nov 2025
Charges

Progress on A charge with Others amounted to Rs. 85.00 Cr with Charge ID 101176720 was registered on 07 Oct 2025. was documented.
07 Oct 2025
Charges

A charge with Others of Rs. 149.50 Cr registered on 24 Nov 2023 with Charge ID 100830857 was modified on 07 Oct 2025. was recorded as a recent event.
07 Oct 2025
Annual General Meeting

The activity Rayzon Solar Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.
30 Sep 2025
Charges

Progress on A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 200.00 Cr registered on 18 Jul 2024 with Charge ID 100959500 was modified on 16 Sep 2025. was documented.
16 Sep 2025
Charges

Progress on A charge with Hdfc Bank Limited of Rs. 250.85 Cr registered on 12 Dec 2022 with Charge ID 100666584 was modified on 08 Sep 2025. was documented.
08 Sep 2025

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