Responsive Sutip Limited
About Responsive Sutip Limited
Data last updated:
Responsive Sutip Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Maif Investments India Pte. Ltd.. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 04 February 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17120GJ2010PLC107847. Its GSTIN is 24AAECR6423K1ZB (Gujarat).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Bharat Rathi and Nirmal Sharda.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2021, the company reported a revenue of ₹33.32 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹5.37 Cr (net margin -16.1%) and EBITDA of ₹24.14 Cr (EBITDA margin 72.4%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹59.44 Cr and satisfied charges of ₹352.77 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending. The company has 5 deals on record (3 debt financings, 2 secondary share transfers), with disclosed funding of ₹195.1 Cr; the latest was in May 2018.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Responsive Sutip has one previous CIN (Corporate Identification Number): U17120MH2010PLC199669. The current CIN is U17120GJ2010PLC107847, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120GJ2010PLC107847 | Current |
| U17120MH2010PLC199669 | Previous |
Contact details
Responsive Sutip Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Responsive Sutip 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 Responsive Sutip Limited
FY 2025 filings availableResponsive Sutip Limited reported revenue of ₹33.32 Cr (up 13% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 8% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹33.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹24.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.37 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.4% | ||||
| Net Profit Margin | -16.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Responsive Sutip Limited, buy the company report.
Board of directors of Responsive Sutip Limited
Responsive Sutip has 3 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ralf Winfried Friedrich Nowack Also directs: Solitaire Energies Limited, Bhanuenergy Infrastructure & Power Limited, Precious Energy Services Limited and 5 more | Nominee Director | 21 Mar 2025 | 1 Years 7 Months | Current |
| Bharat Rathi Also directs: Solitaire Energies Limited, Hiraco Renewable Energy Private Limited, Bhanuenergy Infrastructure & Power Limited and 5 more | Director | 12 Oct 2018 | 8 Years 0 Months | Current |
| Nirmal Sharda Also directs: Solitaire Energies Limited, Bhanuenergy Infrastructure & Power Limited, Precious Energy Services Limited and 5 more | Director | 11 Sep 2025 | 1 Years 2 Months | Current |
Auditor
Responsive Sutip Limited is audited by Walker Chandiok& Co LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok& Co LLP | FY 2021 | 001076N/N500013 |
Shareholding
The shareholding of Responsive Sutip 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 Responsive Sutip Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Aug 2025 | 101154821 | Sbicap Trustee Company Limited | ₹59.44 Cr | Open | |
| 21 Nov 2017 | 100175903 | Sbicap Trustee Company Limited | ₹154.6 Cr | Satisfied | |
| 26 Jun 2014 | 10505217 | Il & Fs Trust Company Limited | ₹124.23 Cr | Satisfied | |
| 01 Mar 2013 | 10407611 | Il & Fs Trust Company Limited | ₹73.94 Cr | Satisfied |
To see the full charge records of Responsive Sutip Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Responsive Sutip Limited has 5 deals on record (3 debt financings, 2 secondary share transfers), with disclosed funding of ₹195.1 Cr; the latest was in May 2018.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Secondary share transfer | Undisclosed | Buyer: MAIF Investments Greater China Pte Ltd, MAIF Investments Japan Pte Ltd, MAIF Investments Philippines Pte Ltd Seller: Hindustan Clean Energy Limited & Suruchi Guptanil Kumar Nagar, Hindustan Clean Energy Limited & Shilpi Rungta, Hindustan Clean Energy Limited & Reena Gupta |
| Mar 2018 | Debt financing | ₹2.79 Cr | Investors: Hindustan Cleanenergy Limited |
| Mar 2018 | Debt financing | ₹94.76 Cr | Investors: Macquarie Group |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Hindustan Clean Energy Limited & Shilpi Rungta, Hindustan Clean Energy Limited & Reena Gupta, Hindustan Clean Energy Limited & Suruchi Guptanil Kumar Nagar Seller: Responsive Industries Limited , 3 individuals |
| Mar 2011 | Debt financing | ₹97.55 Cr | Investors: Hindustan Cleanenergy Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Responsive Sutip Limited has 5 court cases on record: 2 filed by Responsive Sutip, 3 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
| Supreme Court | 2 | 2 | 2 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Moser Baer Energy Development Ltd(Now Porbandar Solar Power Ltd) Through Its Authorised Signatory Manish Verma Through Its Authorised Signatory Manish Verma 235, Okhla Industrial Estate, Phase III, New Delhi , District: New Delhi ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited General Manager (Com) General Manager (Com) Sardar Patel Vidyut Bhavan, Race Course , District: Vadodara ,Vadodara , Gujarat | Pending |
| District court, Vadodara, Gujarat | Court case (SPCS) | Filed against the company by Pyramid Spaces Pvt.Ltd. and 1 other | Disposed |
| NCLT, Ahmedabad | Company petition | Filed by the company | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Responsive Sutip 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
Responsive Sutip Limited was last rated by Crisil on 11 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Jun 2021 |
To see the full credit ratings and regulatory alerts of Responsive Sutip Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Responsive Sutip Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Responsive Sutip has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECR6423K1ZB | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Responsive Sutip Limited, buy the company report.
Recent activity
Responsive Sutip Limited has 32 board changes on record since 2010: 4 appointments and 28 cessations. The latest: Nirmal Sharda ceased to be Additional Director on 28 Sep 2025.
33 earlier events are in the company report.
Frequently asked questions
Responsive Sutip is an active public limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 04 February 2010 (16+ years old) and is registered under CIN U17120GJ2010PLC107847.
Responsive Sutip has 3 current directors:
- Ralf Winfried Friedrich Nowack - Nominee Director
- Bharat Rathi - Director
- Nirmal Sharda - Director
The latest financial statements of Responsive Sutip on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Responsive Sutip is 24AAECR6423K1ZB, registered in Gujarat.
The CIN (Corporate Identification Number) of Responsive Sutip is U17120GJ2010PLC107847. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Responsive Sutip has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending. Most are in the district courts.
Responsive Sutip was incorporated on 04 February 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Responsive Sutip has 5 deals on record (3 debt financings, 2 secondary share transfers), with disclosed funding of ₹195.1 Cr; the latest was in May 2018.
Nirmal Sharda ceased to be Additional Director on 28 Sep 2025. Nirmal Sharda was appointed as Director on 11 Sep 2025. Nirad Vijay Deshpande ceased to be Nominee Director on 21 Mar 2025. Responsive Sutip has 32 board changes on record in total.
The registered office of Responsive Sutip is at 906 – 907 Indraprasth Corporate Opp.Venus Atlantis 100 Ft. Road Prahladnagar, Ahmedabad, Gujarat, India – 380015.
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