About Rfe Solar Private Limited
Data last updated:
Rfe Solar Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Rays Power Infra Private 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 epc segment of the energy and power sector. It was incorporated on 29 June 2017.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2017PTC350212. Its GSTIN is 08AAICR3819D1ZE (Rajasthan).
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Mahesh Kumar Jangid and Lalit Kumar Mehta.
Its last annual general meeting (AGM) was held on 27 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹84.14 Lakh, a decline of 59% compared to the previous year. For the same year it recorded a net loss of ₹61.03 Lakh (net margin -72.5%) and EBITDA of ₹70.64 Lakh (EBITDA margin 84%).
As per MCA filings, the company had satisfied charges of ₹24.14 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in April 2019. Its 4 peer companies in the Power industry (EPC, BoP and BTG), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 1 smaller; the largest is Naturetech Infrastructure Private Limited with revenue of ₹84.98 Lakh.
The last known website on record is rayspowerinfra.com.
Company details
CIN history
Rfe Solar has one previous CIN (Corporate Identification Number): U40300RJ2017PTC058445. The current CIN is U40300MH2017PTC350212, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300MH2017PTC350212 | Current |
| U40300RJ2017PTC058445 | Previous |
Contact details
Rfe Solar Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered AddressShop No.121 1st Floor Evershine Mall Chincholi Bunder Off. Link Road Malad West Mumba, I, Mumbai, Maharashtra, India – 400064
- IndustryEnergy and Power, Power EPC, BoP & BTG Services
To see the full contact details of Rfe 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
Business activity
The main business activity of Rfe Solar 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 Rfe Solar Private Limited, buy the company report.
Financials of Rfe Solar Private Limited
FY 2021 filings availableRfe Solar Private Limited reported revenue of ₹84.14 Lakh (down 59% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 59% in the latest year. EBITDA fell 62% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹84.14 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹70.64 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹61.03 Lakh | |||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 84% | |||
| Net Profit Margin | -72.5% | |||
| 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 Rfe Solar Private Limited, buy the company report.
Board of directors of Rfe Solar Private Limited
Rfe Solar has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Kumar Jangid Also directs: Sultanpur Mining and Crushers LLP, KR Land Facilitator and Aggregators LLP, Roorkee Facilitator and Aggregators LLP and 5 more | Director | 03 Apr 2018 | 8 Years 6 Months | As last reported |
| Lalit Kumar Mehta Also directs: Stonify Surfaces Private Limited, Sinnal Solar Power Private Limited, Annigeri Solar Power Private Limited and 5 more | Director | 08 Jul 2022 | 4 Years 3 Months | As last reported |
Peer comparison
Rfe Solar Private Limited is compared with the 4 companies closest to it by revenue in the Power industry (EPC, BoP and BTG), 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 |
|---|---|---|---|---|---|---|
| Naturetech Infrastructure Private Limited | ₹84.98 Lakh (FY 2024) | -35.0% | New Delhi, Delhi, India | |||
| Tesla Heavy Electricals Pvt Ltd | ₹84.71 Lakh (FY 2022) | 35.0% | Ernakulam, Kerala, India | |||
| Shalinsha Enterprises Private Limited | ₹84.25 Lakh (FY 2025) | -30.0% | Jaipur, Rajasthan, India | |||
| Rfe Solar Private Limitedthis company | ₹84.14 Lakh (FY 2021) | -₹61.03 Lakh | -72.5% | -59.0% | Mumbai, Maharashtra, India | |
| Harikrishnan Power & Technology Private Limited | ₹83.74 Lakh (FY 2025) | 1.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Rfe Solar Private Limited, buy the company report.
Auditor
Rfe Solar Private Limited is audited by GUPTA BHANDARI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA BHANDARI & CO | FY 2021 | 019936C |
Shareholding
The shareholding of Rfe Solar Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Rfe Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jul 2019 | 100278769 | Others | ₹24.14 Cr | Satisfied |
To see the full charge records of Rfe Solar Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Rfe Solar Private Limited has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in April 2019.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Acquisition | ₹7.07 Cr | Buyer: Shining Sun Power Private Limited |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Shining Sun Power Private Limited Seller: Rays Future Energy India Private Limited , Rays Future Energy India Private Limited & Varun Jairath |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rfe Solar Private Limited has 2 court cases on record: 2 filed by Rfe Solar. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court, Rajasthan | Writ petition | Filed by the company against Union of India and 4 others | Disposed |
To see the full case history of Rfe 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 Rfe Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rfe Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAICR3819D1ZE | Rajasthan | Active | 07 Sep 2017 |
To see the full GST registrations and return filing status of Rfe Solar Private Limited, buy the company report.
Recent activity
Rfe Solar Private Limited has 7 board changes on record since 2018: 2 appointments and 5 cessations. The latest: Lalit Kumar Mehta ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Rfe Solar 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.
Rfe Solar was a private limited company based in Mumbai, Maharashtra, India. The company worked in power epc, within the energy and power industry. It was incorporated on 29 June 2017 and is registered under CIN U40300MH2017PTC350212. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Rfe Solar was incorporated on 29 June 2017. It is registered with the Registrar of Companies, Mumbai.
Rfe Solar had 2 directors:
- Mahesh Kumar Jangid - Director
- Lalit Kumar Mehta - Director
The CIN (Corporate Identification Number) of Rfe Solar is U40300MH2017PTC350212. 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 Rfe Solar is at Shop No.121 1st Floor Evershine Mall Chincholi Bunder Off. Link Road Malad West Mumba, I, Mumbai, Maharashtra, India – 400064.
Rfe Solar can be reached through the website rayspowerinfra.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Rfe Solar on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 27 November 2021. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Rfe Solar is 08AAICR3819D1ZE, registered in Rajasthan.
Rfe Solar operated in the energy and power industry, in the power epc segment.
Rfe Solar has 2 deals on record (1 acquisition, 1 secondary share transfer); the latest was in April 2019.