About Shining Sun Power Private Limited
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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 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 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.
Company details
CIN history
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 |
Contact details
Shining Sun Power Private Limited's registered office is in Mumbai, Maharashtra. Its website is rayspowerinfra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Shining Sun Power 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 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 | 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 Shining Sun Power Private Limited, buy the company report.
Financials of Shining Sun Power Private Limited
FY 2025 filings availableShining Sun Power Private Limited reported revenue of ₹88.87 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹6.5 Cr | ||||
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| Net Profit (PAT) | ₹7.58 Cr | ||||
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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 | 7.3% | ||||
| Net Profit Margin | 8.5% | ||||
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To see the full financial statements and ratios of Shining Sun Power Private Limited, buy the company report.
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
Shining Sun Power 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 |
|---|---|---|---|---|---|---|
| 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 | |||
| Shining Sun Power Private Limitedthis company | ₹88.87 Cr (FY 2025) | ₹7.58 Cr | 8.5% | -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 |
To see the full peer comparison of Shining Sun Power Private Limited, buy the company report.
Auditor
Shining Sun Power Private Limited is audited by GUPTA BHANDARI & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GUPTA BHANDARI & CO. | FY 2023 | 019936C |
Shareholding
The shareholding of Shining Sun 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 Shining Sun Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2019 | 100276980 | Others | ₹283 Cr | Satisfied | |
| 22 Jul 2019 | 100278771 | Others | ₹24.14 Cr | Satisfied | |
| 23 Aug 2018 | 100200599 | Others | ₹58.5 Cr | Satisfied | |
| 25 Jun 2018 | 100185671 | Others | ₹26.84 Cr | Satisfied | |
| 25 Jun 2018 | 100185674 | Others | ₹26.98 Cr | Satisfied |
To see the full charge records of Shining Sun Power Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
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 |
To see the full deal history of Shining Sun Power 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
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 |
To see the full case history of Shining Sun 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
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 |
To see the full MSME payment records of Shining Sun Power Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Khimsar Solar Power Private Limited | U40100RJ2022PTC083084 | |
| Sindhari Solar Power Private Limited | U40106RJ2022PTC081383 | |
| Bhankrota Solar Park Private Limited | U40106RJ2022PTC081384 | |
| Brewer Energy Private Limited | U40108AP2014PTC094777 | |
| Nadbai Solar Power Private Limited | U40108RJ2022PTC083147 |
To see the full group structure of Shining Sun Power Private Limited, buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Shining Sun Power Private Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 has 3 current directors:
- Mahendra Kumar Singh - Director
- Shashi Kant - Director
- Lalit Kumar Mehta - Director
The latest financial statements of Shining Sun 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 2015 are in the company report.
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, Renew Clean Energy Private Limited, Inr Energy Ventures Private Limited and 2 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
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.
Shining Sun Power has 5 MSME Form 1 returns on record between 2019 and 2021, listing 7 overdue payments to 2 micro and small suppliers. The latest return was filed on 13 May 2021.
Shining Sun Power can be reached through the website rayspowerinfra.com. Its registered office is in Mumbai, Maharashtra, India.