Solaark Renewables Private Limited
About Solaark Renewables Private Limited
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Solaark Renewables Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 22 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2018PTC117765. Its GSTIN is 29ABBCS0280M1Z2 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Krishna Thimmaiah and Ajith Shetty.
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 Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹48.19 Lakh, a growth of 33% compared to the previous year. For the same year it recorded a net loss of ₹13.87 Lakh (net margin -28.8%) and EBITDA of -₹13.87 Lakh (EBITDA margin -28.8%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 139% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Solaark Renewables Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo. 12 1st Floor Unit No.04 Earthen Phoenix Sanjeevappa Layout Nagavarapalya C V R, Aman Nagar, Bangalore, Karnataka, India – 560093
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
To see the full contact details of Solaark Renewables 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 Solaark Renewables is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Solaark Renewables Private Limited, buy the company report.
Financials of Solaark Renewables Private Limited
FY 2025 filings availableSolaark Renewables Private Limited reported revenue of ₹48.19 Lakh (up 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 139% over five years, including 33% growth in the latest year. EBITDA fell 146% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹13.87 Lakh | ||||
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| Net Profit (PAT) | -₹13.87 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -28.8% | ||||
| Net Profit Margin | -28.8% | ||||
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To see the full financial statements and ratios of Solaark Renewables Private Limited, buy the company report.
Board of directors of Solaark Renewables Private Limited
Solaark Renewables has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Thimmaiah Also directs: Frigo Paints Private Limited, Evervolt Green Energy Private Limited, Evervolt Renewable Energy Private Limited and 3 more | Director | 22 Oct 2018 | 8 Years 0 Months | Current |
| Ajith Shetty | Director | 22 Oct 2018 | 8 Years 0 Months | Current |
Peer comparison
Solaark Renewables Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Transworld Export Private Limited | ₹48.39 Lakh (FY 2024) | 2.0% | T. Nagar Chennai, Tamil Nadu, India | |||
| Whitelight Energies Private Limited | ₹48.34 Lakh (FY 2025) | -48.0% | Udaipur, Rajasthan, India | |||
| Solaark Renewables Private Limitedthis company | ₹48.19 Lakh (FY 2024) | -₹13.87 Lakh | -28.8% | 33.0% | Bangalore, Karnataka, India | |
| P.S. Electrotech Private Limited | ₹48.04 Lakh (FY 2018) | Jammu, Jammu and Kashmir, India | ||||
| Southern General Trading Co Pvt Ltd | ₹47.98 Lakh (FY 2025) | -57.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Solaark Renewables Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solaark Renewables Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solaark Renewables Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solaark Renewables has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABBCS0280M1Z2 | Karnataka | Active | 02 Feb 2019 |
To see the full GST registrations and return filing status of Solaark Renewables Private Limited, buy the company report.
Recent activity
Solaark Renewables Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Ajith Shetty was appointed as Director on 22 Oct 2018.
Frequently asked questions
Solaark Renewables is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 22 October 2018 (8+ years old) and is registered under CIN U74999KA2018PTC117765.
Solaark Renewables has 2 current directors:
- Krishna Thimmaiah - Director
- Ajith Shetty - Director
The latest financial statements of Solaark Renewables 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 2019 are in the company report.
The GSTIN of Solaark Renewables is 29ABBCS0280M1Z2, registered in Karnataka.
The CIN (Corporate Identification Number) of Solaark Renewables is U74999KA2018PTC117765. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solaark Renewables was incorporated on 22 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Solaark Renewables by revenue are Transworld Export Private Limited, Whitelight Energies Private Limited, P.S. Electrotech Private Limited, Southern General Trading Co Pvt Ltd, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Ajith Shetty was appointed as Director on 22 Oct 2018. Krishna Thimmaiah was appointed as Director on 22 Oct 2018.
The registered office of Solaark Renewables is at No. 12 1st Floor Unit No.04 Earthen Phoenix Sanjeevappa Layout Nagavarapalya C V R, Aman Nagar, Bangalore, Karnataka, India – 560093.
Solaark Renewables operates in the business services industry, in the other services segment.
The compliance status of Solaark Renewables is compliant as of 05 August 2026. The company is actively filing with the Registrar of Companies.
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