Sangam Rooftop Solar Private Limited
About Sangam Rooftop Solar Private Limited
Data last updated:
Sangam Rooftop Solar Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Waaree Renewable Technologies 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 transmission and distribution services segment of the energy and power sector. It was incorporated on 14 September 2016.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC315380. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as 8M Solar Fund Private Limited. It was led by directors Pujan Pankaj Doshi and Hitesh Pranjivan Mehta.
Its last annual general meeting (AGM) was held on 12 August 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at 504 Western Edge – 1 Off Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.98 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net loss of ₹1.77 Cr (net margin -89.4%) and EBITDA of ₹80.24 Lakh (EBITDA margin 40.5%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 1 deal on record (1 acquisition); the latest was in September 2017. Its 7 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 4 smaller; the largest is Ampin C&I Private Limited with revenue of ₹1.99 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 5 overdue payments to 3 micro and small suppliers.
Company details
CIN history
Sangam Rooftop Solar has one previous CIN (Corporate Identification Number): U74999DL2016PTC305887. The current CIN is U74999MH2016PTC315380, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2016PTC315380 | Current |
| U74999DL2016PTC305887 | Previous |
Contact details
Sangam Rooftop Solar Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address504 Western Edge – 1 Off Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Sangam Rooftop 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 Sangam Rooftop 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 Sangam Rooftop Solar Private Limited, buy the company report.
Financials of Sangam Rooftop Solar Private Limited
FY 2023 filings availableSangam Rooftop Solar Private Limited reported revenue of ₹1.98 Cr (down 26% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over three years, including a 26% fall in the latest year. EBITDA fell 63% 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 | ₹1.98 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹80.24 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.77 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.5% | ||||
| Net Profit Margin | -89.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Sangam Rooftop Solar Private Limited, buy the company report.
Board of directors of Sangam Rooftop Solar Private Limited
Sangam Rooftop Solar has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pujan Pankaj Doshi Also directs: Waaree Renewable Technologies Limited, Waasang Solar One Private Limited, Waaree PV Power LLP and 5 more | Director | 20 Sep 2017 | 9 Years 1 Months | As last reported |
| Hitesh Pranjivan Mehta Also directs: Indosolar Limited, Waaree Energies Limited, Waaree Renewable Technologies Limited and 5 more | Director | 13 Jun 2020 | 6 Years 4 Months | As last reported |
Peer comparison
Sangam Rooftop Solar Private Limited is compared with the 7 companies closest to it by revenue in the Cleantech industry (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 |
|---|---|---|---|---|---|---|
| Ampin C&I Private Limited | ₹1.99 Cr (FY 2025) | -70.0% | New Delhi, Delhi, India | |||
| Rfe Electric Private Limited | ₹1.99 Cr (FY 2025) | -88.0% | Mumbai, Maharashtra, India | |||
| Gardenia Technologies Private Limited | ₹1.98 Cr (FY 2025) | 4.0% | Udaipur, Rajasthan, India | |||
| Sangam Rooftop Solar Private Limitedthis company | ₹1.98 Cr (FY 2023) | -₹1.77 Cr | -89.4% | -26.0% | Mumbai, Maharashtra, India | |
| Taiyung Energy Private Limited | ₹1.98 Cr (FY 2025) | 14.0% | Noida, Uttar Pradesh, India | |||
| Arasan Natural Energies Private Limited | ₹1.98 Cr (FY 2025) | -45.0% | Tuticorin, Tamil Nadu, India | |||
| Mavyatho Ventures Private Limited | ₹1.97 Cr (FY 2025) | -13.0% | Secunderabad, Telangana, India | |||
| Radiance MH Sunrise Two Private Limited | ₹1.97 Cr (FY 2025) | -3.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Sangam Rooftop Solar Private Limited, buy the company report.
Auditor
Sangam Rooftop Solar Private Limited is audited by Vishal Surti & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vishal Surti & Associates | FY 2023 |
Shareholding
The shareholding of Sangam Rooftop Solar Private 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 Sangam Rooftop Solar Private Limited, buy the company report.
Deals & funding
Sangam Rooftop Solar Private Limited has 1 deal on record (1 acquisition); the latest was in September 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Acquisition | Undisclosed | Buyer: Waaree Renewable Technologies Limited Seller: Ovrview Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sangam Rooftop Solar Private Limited has 2 court cases on record: 2 filed by Sangam Rooftop Solar. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against M/S Southern Batteries Pvt Ltd | Pending |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Sangam Rooftop 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
Sangam Rooftop Solar Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 5 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Enermate Energy Service Private Limited | |||
| Sunvec Consulting Private Limited |
To see the full MSME payment records of Sangam Rooftop Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sangam Rooftop Solar has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Sangam Rooftop Solar Private Limited, buy the company report.
Recent activity
Sangam Rooftop Solar Private Limited has 10 board changes on record since 2017: 2 appointments and 8 cessations. The latest: Hitesh Pranjivan Mehta ceased to be Additional Director on 09 Dec 2020.
1 earlier event is in the company report.
Frequently asked questions
Sangam Rooftop 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.
Sangam Rooftop Solar was a private limited company based in Mumbai, Maharashtra, India. The company worked in power transmission and distribution services, within the energy and power industry. It was incorporated on 14 September 2016 and is registered under CIN U74999MH2016PTC315380. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Sangam Rooftop Solar was incorporated on 14 September 2016. It is registered with the Registrar of Companies, Mumbai.
Sangam Rooftop Solar had 2 directors:
- Pujan Pankaj Doshi - Director
- Hitesh Pranjivan Mehta - Director
The CIN (Corporate Identification Number) of Sangam Rooftop Solar is U74999MH2016PTC315380. 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 Sangam Rooftop Solar is at 504 Western Edge – 1 Off Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066.
The latest financial statements of Sangam Rooftop Solar on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 12 August 2023. Year-wise statements from FY 2017 are in the company report.
No. Sangam Rooftop Solar has 1 GST registration on record and it is cancelled or inactive.
Sangam Rooftop Solar operated in the energy and power industry, in the power transmission and distribution services segment.
Sangam Rooftop Solar has 1 deal on record (1 acquisition); the latest was in September 2017.
The peers of Sangam Rooftop Solar by revenue are Ampin C&I Private Limited, Rfe Electric Private Limited, Gardenia Technologies Private Limited, Taiyung Energy Private Limited, Arasan Natural Energies Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Sangam Rooftop Solar has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 5 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 Oct 2021.
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