About Sei Solar Power Gujarat Private Limited
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Sei Solar Power Gujarat Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sei Solar Power Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 09 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40108MH2010PTC331325. Its GSTIN is 27AANCS9847F1ZO (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.35 Cr. It is led by directors Muhammad Shahrulikraam Bin Mohd Yassin and Upkar Raghav.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No 1108 Sureshwari Techno IT Park, Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹56.9 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹30.2 Cr (net margin 53.1%) and EBITDA of ₹41.54 Cr (EBITDA margin 73%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹858.45 Cr and satisfied charges of ₹500 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 6 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹289.63 Cr; the latest was in March 2017. The company has 7 MSME Form 1 returns on record between 2020 and 2023, listing 34 overdue payments to 12 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunedison.com.
Company details
CIN history
Sei Solar Power Gujarat has one previous CIN (Corporate Identification Number): U40108TN2010PTC074849. The current CIN is U40108MH2010PTC331325, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108MH2010PTC331325 | Current |
| U40108TN2010PTC074849 | Previous |
Contact details
Sei Solar Power Gujarat Private Limited's registered office is in Mumbai, Maharashtra. Its website is sunedison.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No 1108 Sureshwari Techno IT Park Premises Chs L Village Eksar, Link Road Borivali (W) Cts No. 1564 To 1567 1594 1595 1597 & 1599, Mumbai, Maharashtra, India – 400092
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Sei Solar Power Gujarat 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
Financials of Sei Solar Power Gujarat Private Limited
FY 2024 filings availableSei Solar Power Gujarat Private Limited reported revenue of ₹56.9 Cr (up 1% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 29% 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 | ₹56.9 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹41.54 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.2 Cr | ||||
| Balance Sheet | |||||
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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 | 73% | ||||
| Net Profit Margin | 53.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Sei Solar Power Gujarat Private Limited, buy the company report.
Board of directors of Sei Solar Power Gujarat Private Limited
Sei Solar Power Gujarat has 2 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muhammad Shahrulikraam Bin Mohd Yassin Also directs: Sei L'volta Private Limited, Electryone Power Private Limited, Renew Surya Ojas Private Limited and 5 more | Additional Director | 27 Feb 2025 | 1 Years 8 Months | Current |
| Upkar Raghav Also directs: Sei L'volta Private Limited, Amplus TN One Energy Private Limited, Amplus TN Two Energy Private Limited and 5 more | Additional Director | 29 Oct 2025 | 1 Years 0 Months | Current |
Auditor
Sei Solar Power Gujarat Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Sei Solar Power Gujarat 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 Sei Solar Power Gujarat Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2022 | 100662798 | Others | ₹89.45 Cr | Open | |
| 30 Nov 2022 | 100662796 | Others | ₹769 Cr | Open | |
| 30 Sep 2014 | 10527394 | Idbi Trusteeship Services Limited | ₹260 Cr | Satisfied | |
| 30 Jan 2012 | 10333673 | Idbi Trusteeship Services Limited | ₹240 Cr | Satisfied |
To see the full charge records of Sei Solar Power Gujarat Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Sei Solar Power Gujarat Private Limited has 6 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹289.63 Cr; the latest was in March 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Sei L'volta Private Limited , Sei Solar Power Private Limited Seller: Refex Holding Private Limited |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Sei L'volta Private Limited Seller: Refex Holding Private Limited |
| Jul 2015 | Debt financing | ₹250 Cr | Investors: SE Emerging Markets Holding B V |
| Sep 2013 | Funding round | ₹7 Cr | Investors: Refex Holding Private Limited |
| Jun 2012 | Funding round | ₹29.59 Cr | Investors: Refex Holding Private Limited |
To see the full deal history of Sei Solar Power Gujarat Private 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
Sei Solar Power Gujarat Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 2 |
Cases on record (2 of 2)
| 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 |
To see the full case history of Sei Solar Power Gujarat 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
Sei Solar Power Gujarat Private Limited has 7 MSME Form 1 returns on record between 2020 and 2023, listing 34 overdue payments to 12 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 (5 of 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Fuji Electric India Private Limited | |||
| Bulk Mro Industrial Supply Private Limited | |||
| Reconnect Energy Solutions Limited | |||
| Fine Pro Energy Private Limited |
To see the full MSME payment records of Sei Solar Power Gujarat Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Sei Solar Power Gujarat has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AANCS9847F1ZO | Maharashtra | Active | 01 May 2019 |
| 24AANCS9847F1ZU | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sei Solar Power Gujarat Private Limited, buy the company report.
Recent activity
Sei Solar Power Gujarat Private Limited has 17 board changes on record since 2015: 4 appointments and 13 cessations. The latest: Upkar Raghav was appointed as Additional Director on 29 Oct 2025.
18 earlier events are in the company report.
News
Frequently asked questions
Sei Solar Power Gujarat is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 09 March 2010 (16+ years old) and is registered under CIN U40108MH2010PTC331325.
Sei Solar Power Gujarat has 2 current directors:
- Muhammad Shahrulikraam Bin Mohd Yassin - Additional Director
- Upkar Raghav - Additional Director
The latest financial statements of Sei Solar Power Gujarat on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sei Solar Power Gujarat is 27AANCS9847F1ZO, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 24AANCS9847F1ZU (Gujarat).
The CIN (Corporate Identification Number) of Sei Solar Power Gujarat is U40108MH2010PTC331325. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sei Solar Power Gujarat has 2 court cases on record: 2 filed against it. 2 are pending.
Sei Solar Power Gujarat was incorporated on 09 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Sei Solar Power Gujarat has 6 deals on record (2 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹289.63 Cr; the latest was in March 2017.
Upkar Raghav was appointed as Additional Director on 29 Oct 2025. Bimal Kumar Jindal was appointed as Additional Director on 27 Feb 2025. Muhammad Shahrulikraam Bin Mohd Yassin was appointed as Additional Director on 27 Feb 2025. Sei Solar Power Gujarat has 17 board changes on record in total.
Sei Solar Power Gujarat has 7 MSME Form 1 returns on record between 2020 and 2023, listing 34 overdue payments to 12 micro and small suppliers. The latest return was filed on 20 Nov 2023.
Sei Solar Power Gujarat can be reached through the website sunedison.com. Its registered office is in Mumbai, Maharashtra, India.