About Shining Sun Power Private Limited
Data last updated:
Shining Sun Power Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Rays Power Infra Private Limited. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 19 November 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40104MH2014PTC267611. Its GSTIN is 08AAVCS1536M1ZN (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹44.46 Lakh. It is led by directors including Mahendra Kumar Singh and Shashi Kant.
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 1st – 21 Evershine Mall North Meter Cabin Chincholi Bunder Off Link Road Malad W, Est – Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹88.87 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹7.58 Cr (net margin 8.5%) and EBITDA of ₹6.5 Cr (EBITDA margin 7.3%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 10% over five years.
Its group structure includes 11 subsidiaries.
As per MCA filings, the company has open charges of ₹24.93 Cr and satisfied charges of ₹776.75 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it. The company has 6 deals on record (2 debt financings, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹106 Cr; the latest was in August 2019. Its 10 peer companies in the Cleantech industry (Solar Power) are compared by revenue, 5 larger and 5 smaller; the largest is Sei Adhavan Power Private Limited with revenue of ₹91.4 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 7 overdue payments to 2 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 rayspowerinfra.com.
CIN History of Shining Sun Power Private Limited
Shining Sun Power has one previous CIN (Corporate Identification Number): U40104RJ2014PTC046566. The current CIN is U40104MH2014PTC267611, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40104MH2014PTC267611 | Current |
| U40104RJ2014PTC046566 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address1st – 21 Evershine Mall North Meter Cabin Chincholi Bunder Off Link Road Malad W, Est – Mumbai, Maharashtra, India – 400064
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
- 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
- One PDF report, delivered after checkout
Business Activity of Shining Sun Power Private Limited
The main business activity of Shining Sun Power is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Shining Sun Power Private Limited FY 2025 filings available
Shining Sun Power Private Limited reported revenue of ₹88.87 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Shining Sun Power Private Limited
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 72% 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 of Shining Sun Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.5 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.58 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Shining Sun Power Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Shining Sun Power are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Shining Sun Power Private Limited
Shining Sun Power has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Kumar Singh Also directs: Rays Power Infra Limited | Director | 26 Dec 2023 | 2 Years 9 Months | Current |
| Shashi Kant Also directs: Sinnal Solar Power Private Limited, Tuticorin Solar Projects Private Limited, Rays Future Energy India Private Limited and 5 more | Director | 18 Oct 2023 | 3 Years 0 Months | Current |
| Lalit Kumar Mehta Also directs: Stonify Surfaces Private Limited, Sinnal Solar Power Private Limited, Annigeri Solar Power Private Limited and 5 more | Director | 30 Jul 2015 | 11 Years 2 Months | Current |
Peer Comparison of Shining Sun Power Private Limited
Shining Sun Power Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sei Adhavan Power Private Limited | ₹91.4 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Hyderabad, Telangana, India |
| Atria Solar Power (Chamarajanagar) Private Limited | ₹91.39 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Bangalore, Karnataka, India |
| Vena Energy Solar Ravi India Power Resources Private Limited | ₹90.63 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Electraa Solar Energy Systems Private Limited | ₹90.45 Cr (FY 2025) | •••• | •••• | 357.0% | •••• | Satara, Maharashtra, India |
| Makin Developers Private Limited | ₹89.84 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Dehradun, Uttarakhand, India |
| Shining Sun Power Private Limited this company | ₹88.87 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Renew Clean Energy Private Limited | ₹88.37 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Inr Energy Ventures Private Limited | ₹87.79 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Bengaluru, Karnataka, India |
| JSW Abhinav Power Private Limited | ₹87.52 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Hyderabad, Telangana, India |
| Renew Solar Energy (Jharkhand Five) Private Limited | ₹87.5 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| New & Renewable Energy Development Corporation of Andhra Pradesh Limited | ₹87.42 Cr (FY 2023) | •••• | •••• | 72.0% | •••• | Tadepalli, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Shining Sun Power by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Shining Sun Power Private Limited
Shining Sun Power Private Limited is audited by GUPTA BHANDARI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GUPTA BHANDARI & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Shining Sun Power Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Shining Sun Power Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jul 2019 | Others | ₹283 Cr | Satisfied |
| 22 Jul 2019 | Others | ₹24.14 Cr | Satisfied |
| 23 Aug 2018 | Others | ₹58.5 Cr | Satisfied |
| 25 Jun 2018 | Others | ₹26.84 Cr | Satisfied |
| 25 Jun 2018 | Others | ₹26.98 Cr | Satisfied |
Total charge records: 13 View all charges
Deals & Funding of Shining Sun Power Private Limited
Shining Sun Power Private Limited has 6 deals on record (2 debt financings, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹106 Cr; the latest was in August 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Debt financing | ₹30 Cr | Investors: Dmi Finance Private Limited |
| Oct 2017 | Debt financing | ₹70 Cr | Investors: Dmi Finance Private Limited |
| Oct 2016 | Acquisition | ₹48.31 Cr | Buyer: Rays Power Infra Limited |
| Oct 2015 | Acquisition | ₹18.94 Cr | Buyer: Rays Power Infra Limited |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: Rays Power Infra Limited , Rays Power Infra Private Limited & Ketan Mehta Seller: Kushal Global Private Limited , Asian Aero-Edu Aviation Private Limited |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Shining Sun Power Private Limited
Shining Sun Power Private Limited has 2 court cases on record: 1 filed by Shining Sun Power, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer | Disposed |
| District court, Hyderabad CCC, Telangana | Petition | Filed against the company by an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Shining Sun Power Private Limited
Shining Sun Power Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 7 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Mundhra Rathi & Associates | •••• | •••• | •••• |
| Khandelwal Infratech LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Shining Sun Power Private Limited
Employment history and EPFO contributions of people linked to Shining Sun Power.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Shining Sun Power Private Limited
Shining Sun Power has 11 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Tinfra Solar Energy Private Limited | U40100RJ2019PTC066834 | Locked |
| Khimsar Solar Power Private Limited | U40100RJ2022PTC083084 | Locked |
| Sindhari Solar Power Private Limited | U40106RJ2022PTC081383 | Locked |
| Bhankrota Solar Park Private Limited | U40106RJ2022PTC081384 | Locked |
| Brewer Energy Private Limited | U40108AP2014PTC094777 | Locked |
| Nadbai Solar Power Private Limited | U40108RJ2022PTC083147 | Locked |
Showing major subsidiaries. Total: 11.
Recent Activity on Shining Sun Power Private Limited
Shining Sun Power Private Limited has 10 board changes on record since 2015: 3 appointments and 7 cessations. The latest: Shashi Kant ceased to be Additional Director on 29 Sep 2024.
36 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Shining Sun Power Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Shining Sun Power Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Shining Sun Power Private Limited
Shining Sun Power has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAVCS1536M1ZN | Rajasthan | Active | 03 Oct 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Shining Sun Power Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Shining Sun Power Private Limited
Frequently Asked Questions about Shining Sun Power Private Limited
Shining Sun Power is an active private limited company based in Mumbai, Maharashtra, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 19 November 2014 (12+ years old) and is registered under CIN U40104MH2014PTC267611.
Shining Sun Power reported revenue of ₹88.87 Cr for FY 2025 (down 22% YoY).
Shining Sun Power has 3 current directors:
- Mahendra Kumar Singh - Director
- Shashi Kant - Director
- Lalit Kumar Mehta - Director
Shining Sun Power reported a net profit of ₹7.58 Cr (net margin 8.5%) and EBITDA of ₹6.5 Cr (EBITDA margin 7.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Shining Sun Power is 64% over three years and 10% over five years. In the latest year (FY 2025) revenue fell 22%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Shining Sun Power is 08AAVCS1536M1ZN, registered in Rajasthan. 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 Shining Sun Power is U40104MH2014PTC267611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shining Sun Power has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Shining Sun Power was incorporated on 19 November 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Shining Sun Power has 6 deals on record (2 debt financings, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹106 Cr; the latest was in August 2019.
The peers of Shining Sun Power by revenue are Sei Adhavan Power Private Limited, Atria Solar Power (Chamarajanagar) Private Limited, Vena Energy Solar Ravi India Power Resources Private Limited, Electraa Solar Energy Systems Private Limited, Makin Developers Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Shashi Kant ceased to be Additional Director on 29 Sep 2024. Mahendra Kumar Singh was appointed as Director on 26 Dec 2023. Shashi Kant was appointed as Director on 18 Oct 2023. Shining Sun Power has 10 board changes on record in total.