About Solaire Power Private Limited
Data last updated:
Solaire Power Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sekura Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 09 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2015PTC374420. Its GSTIN is 27AAVCS5192D1ZU (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹19.98 Cr. It is led by directors including Viral Dholakia and Prakash Balkrishna Morankar.
Its last annual general meeting (AGM) was held on 15 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 504 & 505 5th Floor Windsor Off Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.34 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹5.76 Cr (net margin 21.1%) and EBITDA of ₹23.44 Cr (EBITDA margin 85.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹57 Cr and satisfied charges of ₹333.33 Cr on record. Court records list 3 cases involving the company, including 3 filed against it. The company has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹12.23 Cr; the latest was in September 2017.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solairedirect.in.
Company details
CIN history
Solaire Power has one previous CIN (Corporate Identification Number): U74900PN2015PTC154279. The current CIN is U74900MH2015PTC374420, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2015PTC374420 | Current |
| U74900PN2015PTC154279 | Previous |
Contact details
Solaire Power Private Limited's registered office is in Mumbai, Maharashtra. Its website is solairedirect.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address504 & 505 5th Floor Windsor Off Cst Road Kalina Santacruz (East), Mumbai, Maharashtra, India – 400098
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Solaire 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 Solaire Power is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Solaire Power Private Limited, buy the company report.
Financials of Solaire Power Private Limited
FY 2026 filings availableSolaire Power Private Limited reported revenue of ₹27.34 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 6% growth in the latest year. EBITDA rose 7% 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 |
|---|---|---|---|---|---|
| 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 | ₹23.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.76 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 85.7% | ||||
| Net Profit Margin | 21.1% | ||||
| 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 Solaire Power Private Limited, buy the company report.
Board of directors of Solaire Power Private Limited
Solaire Power has 5 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viral Dholakia Also directs: Revinduz Energy Solutions Private Limited, Gridnet Transmission Private Limited, Arcnet Transmission Private Limited and 5 more | Director | 22 Mar 2021 | 5 Years 7 Months | Current |
| Prakash Balkrishna Morankar Also directs: Ujjvalatejas Solaire Urja Private Limited | Director | 20 Jan 2022 | 4 Years 9 Months | Current |
| Mayur Kondiba Dhamale | Director | 09 Sep 2025 | 1 Years 1 Months | Current |
| Vivek Tripathi Also directs: Solzen Urja Private Limited, Enviro Solaire Private Limited | Director | 02 Jan 2026 | 0 Years 10 Months | Current |
| Neeraj Kumar Verma | Director | 02 Mar 2026 | 0 Years 8 Months | Current |
Auditor
Solaire Power Private Limited is audited by S R B C & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
The shareholding of Solaire Power 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 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solaire Power Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Feb 2026 | 101250057 | Others | ₹57 Cr | Open | |
| 18 Jan 2023 | 100674310 | Others | ₹78.34 Cr | Satisfied | |
| 26 Dec 2017 | 100153251 | Others | ₹128.5 Cr | Satisfied | |
| 19 May 2017 | 100102904 | Others | ₹9.5 Cr | Satisfied | |
| 26 Mar 2016 | 100016905 | Others | ₹116.99 Cr | Satisfied |
To see the full charge records of Solaire Power Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Solaire Power Private Limited has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹12.23 Cr; the latest was in September 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2015 | Rights issue | ₹12.76 Cr | Investors: Engie Energy India Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Engie Energy India Private Limited Seller: 2 individuals |
| Mar 2015 | Funding round | ₹12.23 Cr | Investors: Engie Energy India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Solaire Power Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Fazilka, Punjab | Appeal | Filed against the company by an individual | Disposed |
| District court, Fazilka, Punjab | Appeal | Filed against the company by an individual | Disposed |
| District court, Fazilka, Punjab | Civil suit | Filed against the company by individuals | Disposed |
To see the full case history of Solaire 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.
Credit ratings & regulatory alerts
Solaire Power Private Limited was last rated by Care on 03 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Mar 2022 |
To see the full credit ratings and regulatory alerts of Solaire Power Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solaire Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solaire Power Private Limited has a workforce of 1 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Solaire Power has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAVCS5192D1ZU | Maharashtra | Active | 01 Jul 2017 |
| 03AAVCS5192D1Z4 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solaire Power Private Limited, buy the company report.
Recent activity
Solaire Power Private Limited has 21 board changes on record since 2016: 5 appointments and 16 cessations. The latest: Neeraj Kumar Verma was appointed as Director on 02 Mar 2026.
25 earlier events are in the company report.
Frequently asked questions
Solaire Power is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 09 March 2015 (11+ years old) and is registered under CIN U74900MH2015PTC374420.
Solaire Power has 5 current directors:
- Viral Dholakia - Director
- Prakash Balkrishna Morankar - Director
- Mayur Kondiba Dhamale - Director
- Vivek Tripathi - Director
- Neeraj Kumar Verma - Director
The latest financial statements of Solaire Power on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 15 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Solaire Power is 27AAVCS5192D1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 03AAVCS5192D1Z4 (Punjab).
The CIN (Corporate Identification Number) of Solaire Power is U74900MH2015PTC374420. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solaire Power has 3 court cases on record: 3 filed against it.
Solaire Power was incorporated on 09 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Solaire Power has 4 deals on record (2 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹12.23 Cr; the latest was in September 2017.
Neeraj Kumar Verma was appointed as Director on 02 Mar 2026. Vivek Tripathi was appointed as Director on 02 Jan 2026. Mayur Kondiba Dhamale was appointed as Director on 09 Sep 2025. Solaire Power has 21 board changes on record in total.
Solaire Power can be reached through the website solairedirect.in. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
