Solar Developers Private Limited
About Solar Developers Private Limited
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Solar Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 22 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2011PTC220067. Its GSTIN is 27AAQCS1730E1ZD (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Priti Nilesh Gandhi and Nilesh Mahendra Gandhi.
Its last annual general meeting (AGM) was held on 22 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B/405 Blue Heaven Thakur Complex Kandivali (East), Mumbai, Maharashtra, India – 400101.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.95 Lakh, a decline of 90% compared to the previous year. For the same year it recorded a net loss of ₹99,000 (net margin -33.6%) and EBITDA of -₹99,000 (EBITDA margin -33.6%). Revenue has grown at a compounded annual rate (CAGR) of 89% over three years and 43% over five years.
As per MCA filings, the company has open charges of ₹259 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Solar Developers Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressB/405 Blue Heaven Thakur Complex Kandivali (East), Mumbai, Maharashtra, India – 400101
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Solar Developers 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
Financials of Solar Developers Private Limited
FY 2024 filings availableSolar Developers Private Limited reported revenue of ₹2.95 Lakh (down 90% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 90% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 43%. EBITDA fell 105% 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 | -₹99,000 | ||||
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| Net Profit (PAT) | -₹99,000 | ||||
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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 | -33.6% | ||||
| Net Profit Margin | -33.6% | ||||
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To see the full financial statements and ratios of Solar Developers Private Limited, buy the company report.
Board of directors of Solar Developers Private Limited
Solar Developers has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priti Nilesh Gandhi Also directs: Estellar Solutions LLP | Director | 27 Feb 2017 | 9 Years 7 Months | Current |
| Nilesh Mahendra Gandhi Also directs: Realsoft Developers LLP, Estellar Solutions LLP, Real Captive Power Private Limited and 5 more | Director | 22 Jul 2011 | 15 Years 3 Months | Current |
Auditor
Solar Developers Private Limited is audited by JIGNESH GORADIA & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JIGNESH GORADIA & ASSOCIATES | FY 2021 | 114719W |
Shareholding
The shareholding of Solar Developers Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solar Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2020 | 100319871 | Others | ₹259 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Solar Developers 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 Solar Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solar Developers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCS1730E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solar Developers Private Limited, buy the company report.
Recent activity
Solar Developers Private Limited has 4 board changes on record since 2011: 2 appointments and 2 cessations. The latest: Priti Nilesh Gandhi ceased to be Additional Director on 29 Sep 2017.
Frequently asked questions
Solar Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 22 July 2011 (15+ years old) and is registered under CIN U45200MH2011PTC220067.
Solar Developers has 2 current directors:
- Priti Nilesh Gandhi - Director
- Nilesh Mahendra Gandhi - Director
The latest financial statements of Solar Developers on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 22 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Solar Developers is 27AAQCS1730E1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solar Developers is U45200MH2011PTC220067. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Developers was incorporated on 22 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Priti Nilesh Gandhi ceased to be Additional Director on 29 Sep 2017. Mahendra Chhaganlal Gandhi ceased to be Director on 28 Feb 2017. Priti Nilesh Gandhi was appointed as Director on 27 Feb 2017. Solar Developers has 4 board changes on record in total.
The registered office of Solar Developers is at B405 Blue Heaven Thakur Complex Kandivali East, Mumbai, Maharashtra, India – 400101.
Solar Developers operates in the real estate and construction industry, in the real estate builders and developers segment.
Solar Developers has open charges of ₹259 Cr and no satisfied charges on record as per latest MCA filings.