Silres Energy Solutions Private Limited

Silres Energy Solutions Private Limited - energy and power in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U40106TN2019PTC131888 Incorporated 03 October 2019 ROC Chennai HQ Chennai, Tamil Nadu, India
Active Private Limited Company energy and power Startup India MSME · Small
Data last updated
Revenue · FY 2024
₹47.79 Cr
▲ 14% YoY
Net loss · FY 2024
₹19.24 Cr
Net margin -40.3%
EBITDA · FY 2024
-₹14.42 Cr
EBITDA margin -30.2%
Authorised capital
₹165 Cr
Registered with MCA
Paid-up capital
₹155.69 Cr
Issued & subscribed
Open charges
₹11.93 Lakh
Satisfied ₹15 Cr
Company age
7 yrs
Est. 2019
Employees · EPFO
189
Provident fund records

About Silres Energy Solutions Private Limited

Data last updated:

Silres Energy Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Sunedison Energy Limited and recognised as a startup by DPIIT. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 03 October 2019 and has been in existence for over 7 years.

The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U40106TN2019PTC131888. Its GSTIN is 33ABCCS7137A1ZR (Tamil Nadu). The company holds 22 GST registrations, of which 17 are active.

The company has an authorised share capital of ₹165 Cr and a paid-up capital of ₹155.69 Cr. It is led by directors including Anil Jain and Pashupathy Shankar Gopalan.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.

As per the financials filed for FY 2024, the company reported a revenue of ₹47.79 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹19.24 Cr (net margin -40.3%) and EBITDA of -₹14.42 Cr (EBITDA margin -30.2%). Revenue has grown at a compounded annual rate (CAGR) of 100% over three years.

The company has about 189 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Fenice Energy. As per MCA filings, the company has open charges of ₹11.93 Lakh and satisfied charges of ₹15 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 4 cases are pending. The company has 2 deals on record (2 funding rounds), with disclosed funding of ₹155.59 Cr; the latest was in March 2022. Its 5 peer companies in the Power industry (EPC, BoP and BTG, Energy Solutions, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 3 smaller; the largest is Powergrid Ramgarh Transmission Limited with revenue of ₹48.35 Cr. The company has 8 MSME Form 1 returns on record between 2021 and 2024, listing 217 overdue payments to 69 micro and small suppliers.

Silres Energy Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0054648). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website feniceenergy.com.

Company details

CIN U40106TN2019PTC131888
Registration Number 131888
Incorporation Date 03 October 2019
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Sunedison Energy Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-TN-02-0054648
Key People
Anil Jain Director Pashupathy Shankar Gopalan Director Chandrasekaran Viswanathan Director

Recognitions & Rankings of Silres Energy Solutions

Startup India Government of India
MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-TN-02-0054648

Contact details

Silres Energy Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is feniceenergy.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    feniceenergy.com
  • Social Media
  • Registered Address
    30/5 First Floor, First Cross Street Raja Annamalai Puram, Chennai, Tamil Nadu, India – 600028
  • Industry
    Energy and Power, Power Transmission & Distribution Services, BoP & BTG Services, Power EPC

To see the full contact details of Silres Energy Solutions Private Limited, buy the company report.

Comprehensive company report
Silres Energy Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Silres Energy Solutions operates one associated brand: Fenice Energy. Each brand links to its own profile.

BrandDescriptionWebsite
Fenice Energy
Provides rooftop solar systems, batteries, and EV charging for energy independence.feniceenergy.com

Business activity

The main business activity of Silres Energy Solutions is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution

To see the full business activity and turnover split of Silres Energy Solutions Private Limited, buy the company report.

Financials of Silres Energy Solutions Private Limited

FY 2024 filings available

Silres Energy Solutions Private Limited reported revenue of ₹47.79 Cr (up 14% YoY) for FY 2024.

Revenue · FY 2024
₹47.79 Cr ▲ 14%
Net loss · FY 2024
₹19.24 Cr margin -40.3%
EBITDA · FY 2024
-₹14.42 Cr margin -30.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 100%
EBITDA CAGR growth
1 year
▲ 72%
3 years · compounded
▼ 67%

Revenue has grown at a compounded annual rate (CAGR) of 100% over three years, including 14% growth in the latest year. EBITDA rose 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹14.42 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹19.24 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-30.2%
Net Profit Margin-40.3%
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

To see the full financial statements and ratios of Silres Energy Solutions Private Limited, buy the company report.

Board of directors of Silres Energy Solutions Private Limited

Silres Energy Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Anil Jain
Also directs: LSM Developers LLP, Traction Infra LLP, Refex Capital Advisors LLP and 5 more
Director03 Oct 20197 Years 1 MonthsCurrent
Pashupathy Shankar Gopalan
Also directs: Vilasini Housing LLP, Avyan Pashupathy Advisors One LLP, LM Care Services LLP and 5 more
Director11 May 20206 Years 5 MonthsCurrent
Chandrasekaran Viswanathan
Also directs: NXG Power Systems India Private Limited, Megamic Electronics Private Limited, Enrecover Energy Recovery Solutions Private Limited and 1 more
Director04 Aug 20215 Years 2 MonthsCurrent
View all directors

Peer comparison

Silres Energy Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Energy Solutions, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Powergrid Ramgarh Transmission Limited₹48.35 Cr (FY 2025)269.0%New Delhi, Delhi, India
Trio Solar Private Limited₹48.28 Cr (FY 2024)45.0%Chennai, Tamil Nadu, India
Silres Energy Solutions Private Limitedthis company₹47.79 Cr (FY 2024)-₹19.24 Cr-40.3%14.0%189Chennai, Tamil Nadu, India
G.K.Power Transmission Company Private Limited₹47.75 Cr (FY 2016)17.0%Nagpur, Maharashtra, India
Mitarsh Energy Private Limited₹47.73 Cr (FY 2024)22.0%Ahmedabad, Gujarat, India
Renew Surya Uday Private Limited₹47.43 Cr (FY 2025)13.0%New Delhi, Delhi, India

To see the full peer comparison of Silres Energy Solutions Private Limited, buy the company report.

Auditor

Silres Energy Solutions Private Limited is audited by V K A N & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
V K A N & AssociatesFY 2023014226S

Shareholding

The shareholding of Silres Energy Solutions Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Silres Energy Solutions Private Limited, buy the company report.

Charges & borrowings

Open charges
₹11.93 Lakh
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹0.12 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
11 Jun 2021100490272Hdfc Bank Limited₹11.93 LakhOpen
03 Apr 2023100704589Others₹15 CrSatisfied

To see the full charge records of Silres Energy Solutions Private Limited, buy the company report.

Total charge records: 2 View all charges

Deals & funding

Silres Energy Solutions Private Limited has 2 deals on record (2 funding rounds), with disclosed funding of ₹155.59 Cr; the latest was in March 2022.

Total deals
2
Funding rounds
2
Disclosed funding
₹155.59 Cr

Deals on record (2 of 2)

WhenDealAmountParties
Mar 2022Funding round₹62.54 CrInvestors: Sunedison Energy Limited
May 2020Funding round₹93.06 CrInvestors: South Lake One LLC, Fenice Investment Group

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Silres Energy Solutions Private Limited has 8 MSME Form 1 returns on record between 2021 and 2024, listing 217 overdue payments to 69 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 69)

SupplierAmount dueDue sinceReported on
an individual supplier
Quant Legaltech India Private Limited
Day `N' Day Services Private Limited
an individual supplier
an individual supplier

To see the full MSME payment records of Silres Energy Solutions Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Silres Energy Solutions has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Sunedison Manufacturing Private LimitedU40106TN2021PTC140924
Enrecover Private LimitedU74999PN2022PTC207781

To see the full group structure of Silres Energy Solutions Private Limited, buy the company report.

Employees & EPFO

Silres Energy Solutions Private Limited has a workforce of 189 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.

Employee count
189
Active EPFO establishments
1
Employee growth
-30.77%

GST

Silres Energy Solutions has 22 GST registrations: 17 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
22
Active
17
Cancelled / inactive
5
GSTINStateStatusRegistered on
33ABCCS7137A1ZRTamil NaduActive05 Nov 2019
33ABCCS7137A2ZQTamil NaduActive01 Oct 2022
37ABCCS7137A1ZJAndhra PradeshActive04 Jul 2020
06ABCCS7137A1ZOHaryanaActive15 Jul 2020

To see the full GST registrations and return filing status of Silres Energy Solutions Private Limited, buy the company report.

Recent activity

Silres Energy Solutions Private Limited has 9 board changes on record since 2019: 3 appointments and 6 cessations. The latest: Aditya Mishra ceased to be CFO on 31 Mar 2023.

Charges
A charge registered on 03 Apr 2023 via Charge ID 100704589 with Others was fully satisfied on 08 Oct 2024.
AGM
Silres Energy Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Silres Energy Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100704589 was registered on 03 Apr 2023.
Ceased
Aditya Mishra ceased to be CFO.
Ceased
Ashay R Mundra ceased to be Additional Director.
Ceased
Venkatesan Krishnan ceased to be Director.
Ceased
Chandrasekaran Viswanathan ceased to be Additional Director.
Ceased
Dinesh Kumar Agarwal ceased to be Director.
Appointed
Chandrasekaran Viswanathan was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.12 Cr with Charge ID 100490272 was registered on 11 Jun 2021.
Ceased
Kalpesh Kumar ceased to be Director.

3 earlier events are in the company report.

News

On Partners Recruits Cfo For Etq
20 Mar 2023 · Huntscanlon

Frequently asked questions

Silres Energy Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 03 October 2019 (7+ years old) and is registered under CIN U40106TN2019PTC131888.

Silres Energy Solutions has 3 current directors:

The latest financial statements of Silres Energy Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2020 are in the company report.

The GSTIN of Silres Energy Solutions is 33ABCCS7137A1ZR, registered in Tamil Nadu. The company has 22 GST registrations in all, of which 17 are active and 5 are cancelled or inactive. Other active GSTINs include 33ABCCS7137A2ZQ (Tamil Nadu), 37ABCCS7137A1ZJ (Andhra Pradesh), 06ABCCS7137A1ZO (Haryana).

The CIN (Corporate Identification Number) of Silres Energy Solutions is U40106TN2019PTC131888. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Silres Energy Solutions has 5 court cases on record: 2 filed by the company and 3 filed against it. 4 are pending. Most are in the high courts.

Silres Energy Solutions was incorporated on 03 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Chennai.

Silres Energy Solutions has 2 deals on record (2 funding rounds), with disclosed funding of ₹155.59 Cr; the latest was in March 2022.

The peers of Silres Energy Solutions by revenue are Powergrid Ramgarh Transmission Limited, Trio Solar Private Limited, G.K.Power Transmission Company Private Limited, Mitarsh Energy Private Limited, Renew Surya Uday Private Limited, all in the Power industry (EPC, BoP and BTG, Energy Solutions, Transmission and Distribution), with the same principal business activity (electric power generation, transmission and distribution).

Aditya Mishra ceased to be CFO on 31 Mar 2023. Ashay R Mundra ceased to be Additional Director on 30 Sep 2022. Venkatesan Krishnan ceased to be Director on 05 May 2022. Silres Energy Solutions has 9 board changes on record in total.

Yes, Silres Energy Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Silres Energy Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0054648).