About Shan Solar Private Limited
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Shan Solar Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Shan Global Manufacturing And Trading Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 02 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29303KA2010PTC054321. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹31 Cr and a paid-up capital of ₹30.28 Cr. It is led by directors including Sundararajan Srinivasa Ragavan and Radhika Suryaprakash.
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 No 2005 Anand Bhavan – II Floor 100 Feet Road Indira Nagar, Bangalore, Karnataka, India – 560038.
As per the financials filed for FY 2025, the company reported a revenue of ₹75,200, a growth of 21% compared to the previous year. For the same year it recorded a net loss of ₹3.8 Cr and EBITDA of -₹1.81 Cr. Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 76% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SHAN Solar. As per MCA filings, the company has open charges of ₹24 Cr and satisfied charges of ₹69.36 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shansolar.com.
Company details
Contact details
Shan Solar Private Limited's registered office is in Bangalore, Karnataka. Its website is shansolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 2005 Anand Bhavan – II Floor 100 Feet Road Indira Nagar, Bangalore, Karnataka, India – 560038
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Shan 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
Brands
Shan Solar operates one associated brand: SHAN Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar modules, farms, and optimization services for renewable energy. | shansolar.com |
Financials of Shan Solar Private Limited
FY 2025 filings availableShan Solar Private Limited reported revenue of ₹75,200 (up 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 76%. EBITDA rose 21% 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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| EBITDA | -₹1.81 Cr | ||||
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| Net Profit (PAT) | -₹3.8 Cr | ||||
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Financial Ratios
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To see the full financial statements and ratios of Shan Solar Private Limited, buy the company report.
Board of directors of Shan Solar Private Limited
Shan Solar has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sundararajan Srinivasa Ragavan | Director | 02 Feb 2023 | 3 Years 8 Months | Current |
| Radhika Suryaprakash | Director | 25 May 2018 | 8 Years 5 Months | Current |
| Suryaprakash Singapur | Director | 02 Jul 2010 | 16 Years 3 Months | Current |
Auditor
Shan Solar Private Limited is audited by GOWTHAMA AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOWTHAMA AND COMPANY | FY 2023 | 005917S |
Shareholding
The shareholding of Shan 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 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Shan Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 May 2013 | 10435843 | Export Import Bank of India | ₹24 Cr | Open | |
| 10 Nov 2010 | 10253130 | State Bank of India | ₹69.36 Cr | Satisfied |
To see the full charge records of Shan Solar Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Shan Solar Private Limited has 4 court cases on record: 2 filed by Shan Solar, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Millenium Synergy Pvt Ltd. and 2 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Millenium Synergy Pvt Ltd. and 2 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed against the company by Export Import Bank of India | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by Gintech Energy Corporation | Disposed |
To see the full case history of Shan 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 Shan Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shan Solar Private Limited has a workforce of 18 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Shan 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 Shan Solar Private Limited, buy the company report.
Recent activity
Shan Solar Private Limited has 12 board changes on record since 2010: 3 appointments and 9 cessations. The latest: Sundararajan Srinivasa Ragavan ceased to be Additional Director on 29 Sep 2023.
8 earlier events are in the company report.
Frequently asked questions
Shan Solar is an active private limited company based in Bangalore, Karnataka, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 02 July 2010 (16+ years old) and is registered under CIN U29303KA2010PTC054321.
Shan Solar has 3 current directors:
- Sundararajan Srinivasa Ragavan - Director
- Radhika Suryaprakash - Director
- Suryaprakash Singapur - Director
The latest financial statements of Shan Solar 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 2015 are in the company report.
No. Shan Solar has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Shan Solar is U29303KA2010PTC054321. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shan Solar has 4 court cases on record: 2 filed by the company and 2 filed against it. Most are in the district courts.
Shan Solar was incorporated on 02 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Sundararajan Srinivasa Ragavan ceased to be Additional Director on 29 Sep 2023. Sundararajan Srinivasa Ragavan was appointed as Director on 02 Feb 2023. Gundloor Bavajan ceased to be Director on 02 Sep 2019. Shan Solar has 12 board changes on record in total.
Shan Solar can be reached through the website shansolar.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Shan Solar is at No 2005 Anand Bhavan – II Floor 100 Feet Road Indira Nagar, Bangalore, Karnataka, India – 560038.