Startup India Government of India
Shahane Solar Power Private Limited
Shahane Solar Power Private Limited - environment in Ahmednagar, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.92 Cr
▲ 8% YoY
Net profit · FY 2025
₹1.24 Cr
Net margin 31.6%
EBITDA · FY 2025
₹2.45 Cr
EBITDA margin 62.5%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.5 Cr
Issued & subscribed
Open charges
₹9.5 Cr
Satisfied ₹9.5 Cr
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
About Shahane Solar Power Private Limited
Data last updated:
Shahane Solar Power Private Limited is a private limited company based in Ahmednagar, Maharashtra, India, recognised as a startup by DPIIT. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 15 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U40106PN2017PTC170384. Its GSTIN is 27AAYCS6544C1ZV (Maharashtra).
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.5 Cr. It was formerly known as Shahane Agronomics Private Limited. It is led by directors Balasaheb Murlidhar Shahane and Akshay Balasaheb Shahane.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S.No.8 Jakhangaon, Ahmednagar, Maharashtra, India – 414103.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.92 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.24 Cr (net margin 31.6%) and EBITDA of ₹2.45 Cr (EBITDA margin 62.5%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹9.5 Cr and satisfied charges of ₹9.5 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹2.49 Cr; the latest was in June 2018. Its 5 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 2 smaller; the largest is Huoban Energy 9 Private Limited with revenue of ₹3.94 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U40106PN2017PTC170384
Registration Number 170384
Incorporation Date 15 May 2017
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
CIN history
Shahane Solar Power has one previous CIN (Corporate Identification Number): U01400PN2017PTC170384. The current CIN is U40106PN2017PTC170384, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106PN2017PTC170384 | Current |
| U01400PN2017PTC170384 | Previous |
Recognitions & Rankings of Shahane Solar Power
Contact details
Shahane Solar Power Private Limited's registered office is in Ahmednagar, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS.No.8 Jakhangaon, Ahmednagar, Maharashtra, India – 414103
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Shahane Solar Power Private Limited, buy the company report.
Comprehensive company report
Shahane Solar Power Private 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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Business activity
The main business activity of Shahane Solar Power 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 Shahane Solar Power Private Limited, buy the company report.
Financials of Shahane Solar Power Private Limited
FY 2025 filings availableShahane Solar Power Private Limited reported revenue of ₹3.92 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹3.92 Cr ▲ 8%
Net profit · FY 2025
₹1.24 Cr margin 31.6%
EBITDA · FY 2025
₹2.45 Cr margin 62.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 9%
5 years · compounded
▲ 20%
EBITDA CAGR growth
3 years · compounded
▲ 4%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 8% growth 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 | ₹2.45 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.24 Cr | ||||
| Balance Sheet | |||||
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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 | 62.5% | ||||
| Net Profit Margin | 31.6% | ||||
| 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 Shahane Solar Power Private Limited, buy the company report.
Board of directors of Shahane Solar Power Private Limited
Shahane Solar Power has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balasaheb Murlidhar Shahane | Director | 15 May 2017 | 9 Years 5 Months | Current |
| Akshay Balasaheb Shahane | Director | 15 May 2017 | 9 Years 5 Months | Current |
Peer comparison
Shahane Solar Power Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Huoban Energy 9 Private Limited | ₹3.94 Cr (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Pon Pure Renewable Energy Private Limited | ₹3.92 Cr (FY 2025) | 67571.0% | Chennai, Tamil Nadu, India | |||
| PL Solar Renewable Limited | ₹3.92 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Shahane Solar Power Private Limitedthis company | ₹3.92 Cr (FY 2025) | ₹1.24 Cr | 31.6% | 8.0% | Ahmednagar, Maharashtra, India | |
| PL Surya Vidyut Limited | ₹3.88 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| PL Sunrays Power Limited | ₹3.88 Cr (FY 2024) | 1.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shahane Solar Power Private Limited, buy the company report.
Auditor
Shahane Solar Power Private Limited is audited by K LAHAMGE & R DAREKAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K LAHAMGE & R DAREKAR | FY 2023 | 135435W |
Shareholding
The shareholding of Shahane Solar Power Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Shahane Solar Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.5 Cr
Satisfied charges
₹9.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jun 2018 | 100191060 | Others | ₹9.5 Cr | Satisfied |
To see the full charge records of Shahane Solar Power Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Shahane Solar Power Private Limited has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹2.49 Cr; the latest was in June 2018.
Total deals
2
Secondary share transfer
1
Funding round
1
Disclosed funding
₹2.49 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Raymond Limited Seller: 2 individuals |
| Feb 2018 | Funding round · Series A | ₹2.49 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shahane Solar Power Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmednagar, Maharashtra | Civil suit | Filed against the company | Disposed |
To see the full case history of Shahane Solar Power 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 Shahane Solar Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shahane Solar Power has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAYCS6544C1ZV | Maharashtra | Active | 05 Jan 2018 |
To see the full GST registrations and return filing status of Shahane Solar Power Private Limited, buy the company report.
Recent activity
Shahane Solar Power Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Akshay Balasaheb Shahane was appointed as Director on 15 May 2017.
AGM
Shahane Solar Power Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 13 Jun 2018 via Charge ID 100191060 with Others was fully satisfied on 17 Sep 2025.
Filing
Shahane Solar Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 9.50 Cr with Charge ID 100191060 was registered on 13 Jun 2018.
Appointed
Akshay Balasaheb Shahane was appointed as Director.
Appointed
Balasaheb Murlidhar Shahane was appointed as Director.
Incorporation
15 May 2017
Shahane Solar Power Private Limited was registered on 15 May 2017 with Roc Pune & aged 9 years 5 months as per MCA records.
Frequently asked questions
Shahane Solar Power is an active private limited company based in Ahmednagar, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 15 May 2017 (9+ years old) and is registered under CIN U40106PN2017PTC170384.
Shahane Solar Power has 2 current directors:
- Balasaheb Murlidhar Shahane - Director
- Akshay Balasaheb Shahane - Director
The latest financial statements of Shahane Solar Power on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Shahane Solar Power is 27AAYCS6544C1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shahane Solar Power is U40106PN2017PTC170384. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shahane Solar Power has 1 court case on record: 1 filed against it.
Shahane Solar Power was incorporated on 15 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Pune.
Shahane Solar Power has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹2.49 Cr; the latest was in June 2018.
The peers of Shahane Solar Power by revenue are Huoban Energy 9 Private Limited, Pon Pure Renewable Energy Private Limited, PL Solar Renewable Limited, PL Surya Vidyut Limited, PL Sunrays Power Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Akshay Balasaheb Shahane was appointed as Director on 15 May 2017. Balasaheb Murlidhar Shahane was appointed as Director on 15 May 2017.
Yes, Shahane Solar Power is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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