MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-06-0003019
Rhine Solar Limited - environment in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹82.46 Cr
▲ 37% YoY
Net profit · FY 2025
₹1.87 Cr
Net margin 2.3%
EBITDA · FY 2025
₹4.91 Cr
EBITDA margin 6%
Authorised capital
₹3.52 Cr
Registered with MCA
Paid-up capital
₹3.27 Cr
Issued & subscribed
Open charges
₹44.1 Cr
Satisfied ₹21.88 Cr
Company age
12 yrs
Est. 2014
Employees · EPFO
18
Provident fund records
About Rhine Solar Limited
Data last updated:
Rhine Solar Limited is a public limited company based in New Delhi, Delhi, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 21 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300DL2014PLC273427. Its GSTIN is 06AAHCR0964Q1ZS (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.52 Cr and a paid-up capital of ₹3.27 Cr. It is led by directors including Ishwar Chand Mittal and Kalpana Mittal.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No. 86 – A Block – Ad Shalimar Bagh, New Delhi, Delhi, India – 110088.
As per the financials filed for FY 2025, the company reported a revenue of ₹82.46 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹1.87 Cr (net margin 2.3%) and EBITDA of ₹4.91 Cr (EBITDA margin 6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 12% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rhine Solar. As per MCA filings, the company has open charges of ₹44.1 Cr and satisfied charges of ₹21.88 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it; 3 cases are pending. The company has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹18.93 Cr; the latest was in July 2025.
Rhine Solar Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-06-0003019). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rhinesolar.in.
Company details
CIN U40300DL2014PLC273427
Registration Number 273427
Incorporation Date 21 November 2014
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-06-0003019
Recognitions & Rankings of Rhine Solar
Contact details
Rhine Solar Limited's registered office is in New Delhi, Delhi. Its website is rhinesolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No. 86 – A Block – Ad Shalimar Bagh, New Delhi, Delhi, India – 110088
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Rhine Solar Limited, buy the company report.
Comprehensive company report
Rhine Solar Limited - one report that includes everything
- 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
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Brands
Rhine Solar operates one associated brand: Rhine Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Monocrystalline, polycrystalline, and bifacial solar panels are manufactured. | rhinesolar.in |
Business activity
The main business activity of Rhine Solar is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Rhine Solar Limited, buy the company report.
Financials of Rhine Solar Limited
FY 2025 filings availableRhine Solar Limited reported revenue of ₹82.46 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹82.46 Cr ▲ 37%
Net profit · FY 2025
₹1.87 Cr margin 2.3%
EBITDA · FY 2025
₹4.91 Cr margin 6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 23%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 24%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 37% growth in the latest year. EBITDA rose 48% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Total Expenses | |||||
| EBITDA | ₹4.91 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.87 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6% | ||||
| Net Profit Margin | 2.3% | ||||
| 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 Rhine Solar Limited, buy the company report.
Board of directors of Rhine Solar Limited
Rhine Solar has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ishwar Chand Mittal Also directs: Vindya Forms Private Limited | Director | 21 Nov 2014 | 11 Years 11 Months | Current |
| Kalpana Mittal | Director | 23 Mar 2015 | 11 Years 7 Months | Current |
| Shiv Mittal Also directs: Vindya Forms Private Limited | Director | 21 Nov 2014 | 11 Years 11 Months | Current |
| Rajesh Mittal | Director | 21 Nov 2014 | 11 Years 11 Months | Current |
| Sunita Mittal | Director | 23 Mar 2015 | 11 Years 7 Months | Current |
| Shubham Mittal | Director | 03 Feb 2025 | 1 Years 8 Months | Current |
Auditor
Rhine Solar Limited is audited by Verma Garg & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Verma Garg & Associates | FY 2024 | 015888N |
Shareholding
The shareholding of Rhine Solar Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rhine Solar Limited, buy the company report.
Charges & borrowings
Open charges
₹44.1 Cr
Satisfied charges
₹21.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Aug 2022 | 100600868 | Others | ₹40 Lakh | Open | |
| 26 Dec 2021 | 100545467 | Hdfc Bank Limited | ₹43.7 Cr | Open | |
| 11 Sep 2020 | 100370200 | Axis Bank Limited | ₹1.8 Cr | Satisfied | |
| 08 Nov 2019 | 100305046 | Axis Bank Limited | ₹1 Cr | Satisfied | |
| 17 Jan 2018 | 100150681 | Axis Bank Limited | ₹12.5 Cr | Satisfied |
To see the full charge records of Rhine Solar Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Rhine Solar Limited has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹18.93 Cr; the latest was in July 2025.
Total deals
6
Funding rounds
4
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹18.93 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Funding round | ₹12.15 Cr | Investors: Servotech Renewable Power System Limited |
| Jun 2025 | Funding round | ₹73.3 Lakh | Investors: an individual |
| Oct 2024 | Funding round | ₹5.25 Cr | Investors: 4 individuals |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
| May 2017 | Funding round | ₹80 Lakh | Investors: 4 individuals |
To see the full deal history of Rhine Solar 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
Rhine Solar Limited has 6 court cases on record: 4 filed by Rhine Solar, 2 filed against it. 3 cases are pending and 3 are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Pending
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 2 | 3 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sonepat, Haryana | Cheque dishonour complaint | Filed by the company against Raashi Systems and Solutions Private Ltd. Through Its Authorized Person | Pending |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against M/S Sway Techno Solutions Pvt. Ltd. and 3 others | Pending |
| District court, Shahdara, Delhi | Commercial suit | Filed against the company by Harey Krishna Cables Private Limited | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against True Power Systems LLP and 3 others | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against Patanjali Renewable Energy Pvt Ltd and 3 others | Disposed |
To see the full case history of Rhine Solar 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
Rhine Solar Limited was last rated by Crisil on 24 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Jul 2020 |
To see the full credit ratings and regulatory alerts of Rhine Solar Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rhine Solar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Rhine Solar Limited has a workforce of 18 employees on its EPFO records as of Jan 27, 2025, across 1 active EPFO establishment.
Employee count
18
Active EPFO establishments
1
Employee growth
-10%
GST
Rhine Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCR0964Q1ZS | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rhine Solar Limited, buy the company report.
Recent activity
Rhine Solar Limited has 12 board changes on record since 2014: 6 appointments and 6 cessations. The latest: Ankit Bhugra ceased to be Additional Director on 20 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 43.70 Cr registered on 26 Dec 2021 with Charge ID 100545467 was modified on 10 Sep 2025.
AGM
Rhine Solar Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records.
Ceased
Ankit Bhugra ceased to be Additional Director.
Ceased
Shubham Mittal ceased to be Additional Director.
Filing
Rhine Solar Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Appointed
Shubham Mittal was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.40 Cr with Charge ID 100600868 was registered on 05 Aug 2022.
Charges
A charge registered on 11 Sep 2020 via Charge ID 100370200 with Axis Bank Limited was fully satisfied on 01 Mar 2022.
Charges
A charge registered on 08 Nov 2019 via Charge ID 100305046 with Axis Bank Limited was fully satisfied on 01 Mar 2022.
Charges
A charge registered on 17 Jan 2018 via Charge ID 100150681 with Axis Bank Limited was fully satisfied on 01 Mar 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 43.70 Cr with Charge ID 100545467 was registered on 26 Dec 2021.
Charges
A charge with Axis Bank Limited of Rs. 12.50 Cr registered on 17 Jan 2018 with Charge ID 100150681 was modified on 28 Jun 2021.
16 earlier events are in the company report.
Frequently asked questions
Rhine Solar is an active public limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 21 November 2014 (12+ years old) and is registered under CIN U40300DL2014PLC273427.
Rhine Solar has 6 current directors:
- Ishwar Chand Mittal - Director
- Kalpana Mittal - Director
- Shiv Mittal - Director
- Rajesh Mittal - Director
- Sunita Mittal - Director
- Shubham Mittal - Director
The latest financial statements of Rhine Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rhine Solar is 06AAHCR0964Q1ZS, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Rhine Solar is U40300DL2014PLC273427. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rhine Solar has 6 court cases on record: 4 filed by the company and 2 filed against it. 3 are pending.
Rhine Solar was incorporated on 21 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Delhi.
Rhine Solar has 6 deals on record (4 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹18.93 Cr; the latest was in July 2025.
Ankit Bhugra ceased to be Additional Director on 20 Jul 2025. Shubham Mittal ceased to be Additional Director on 20 Jul 2025. Shubham Mittal was appointed as Director on 03 Feb 2025. Rhine Solar has 12 board changes on record in total.
Yes, Rhine Solar is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-06-0003019).
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