About Solar Quest Projects Two Private Limited
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Solar Quest Projects Two Private Limited is a private limited company based in Ajmer, Rajasthan, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 05 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40106RJ2020PTC068982.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh. It is led by directors including Pranjal Dhariwal and Deepak Kumar Lalith.
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 C/O. Hem Chand Dhariwal Shubh Gokhley Near Bank Colony Policeline 1 Stcrossing, Ajmer, Rajasthan, India – 305001.
As per the financials filed for FY 2024, the company reported a revenue of ₹60.92 Lakh, a growth of 26% compared to the previous year. For the same year it recorded a net loss of ₹12.2 Lakh (net margin -20%) and EBITDA of ₹52.08 Lakh (EBITDA margin 85.5%).
The company is associated with 1 brand: Solar Quest. As per MCA filings, the company has open charges of ₹4.18 Cr on record.
For more details, the company can be reached via its website solarquest.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressC/O. Hem Chand Dhariwal Shubh Gokhley Near Bank Colony Policeline 1 Stcrossing, Ajmer, Rajasthan, India – 305001
- IndustryEnvironment, Solar Energy Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of Solar Quest Projects Two Private Limited
The main business activity of Solar Quest Projects Two is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solar Quest Projects Two Private Limited FY 2025 filings available
Solar Quest Projects Two Private Limited reported revenue of ₹60.92 Lakh (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Solar Quest Projects Two Private Limited
Revenue rose 26% in the latest year. EBITDA rose 29% 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 of Solar Quest Projects Two Private Limited
| Metrics | 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 | ₹52.08 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.2 Lakh | •••• | •••• | •••• |
| 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 of Solar Quest Projects Two Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 85.5% | •••• | •••• | •••• |
| Net Profit Margin | -20% | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solar Quest Projects Two are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Solar Quest Projects Two Private Limited
Solar Quest Projects Two Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mivaan Energy Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Skypower Southeast Solar India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Oshnic Solar Power Limited | •••• | •••• | •••• | •••• | - | Bhopal, Madhya Pradesh, India |
| Solar-Apps Energy Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Electrik Bee Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Solar Quest Projects Two Private Limited this company | •••• | •••• | •••• | •••• | - | Ajmer, Rajasthan, India |
| Green Power Solar Systems Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Utryan Energy Private Limited | •••• | •••• | •••• | •••• | - | Noida, Uttar Pradesh, India |
| Aster Udyam Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Cerise Solar Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Shri Siddhnath Projects Developers Private Limited | •••• | •••• | •••• | •••• | - | Gms Road, Uttarakhand, India |
Peers are the five companies nearest above and the five nearest below Solar Quest Projects Two by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Solar Quest Projects Two Private Limited
Solar Quest Projects Two Private Limited is audited by V C M V & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V C M V & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Solar Quest Projects Two Private Limited
Solar Quest Projects Two has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pranjal Dhariwal | Director | 05 Jun 2020 | 6 Years 4 Months | Current |
| Deepak Kumar Lalith | Director | 05 Jun 2020 | 6 Years 4 Months | Current |
| Apeksha Dhariwal Also directs: Solar Quest Projects Three Private Limited, Vibcy Solar Private Limited, Solar Quest Ashlyn Projects Private Limited and 1 more | Director | 14 Oct 2020 | 5 Years 11 Months | Current |
Ownership and Shareholding of Solar Quest Projects Two Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solar Quest Projects Two Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Nov 2021 | State Bank of India | ₹4.18 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Solar Quest Projects Two Private Limited
Solar Quest Projects Two operates one associated brand: Solar Quest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Serves as a developer for commercial solar projects. | solarquest.in |
Employees and EPFO Compliance at Solar Quest Projects Two Private Limited
Solar Quest Projects Two Private Limited has a workforce of 0 employees as of Apr 10, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Solar Quest Projects Two Private Limited
Solar Quest Projects Two Private Limited has 5 board changes on record since 2020: 4 appointments and 1 cessation. The latest: Apeksha Dhariwal ceased to be Additional Director on 31 Dec 2021.
Credit Ratings, Litigation & Regulatory Alerts for Solar Quest Projects Two Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solar Quest Projects Two Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solar Quest Projects Two Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solar Quest Projects Two Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solar Quest Projects Two Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solar Quest Projects Two Private Limited
Solar Quest Projects Two is an active private limited company based in Ajmer, Rajasthan, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 05 June 2020 (6+ years old) and is registered under CIN U40106RJ2020PTC068982.
Solar Quest Projects Two reported revenue of ₹60.92 Lakh for FY 2024 (up 26% YoY).
Solar Quest Projects Two has 3 current directors:
- Pranjal Dhariwal - Director
- Deepak Kumar Lalith - Director
- Apeksha Dhariwal - Director
Solar Quest Projects Two reported a net loss of ₹12.2 Lakh (net margin -20%) and EBITDA of ₹52.08 Lakh (EBITDA margin 85.5%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Solar Quest Projects Two is U40106RJ2020PTC068982. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Quest Projects Two was incorporated on 05 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Solar Quest Projects Two by revenue are Mivaan Energy Private Limited, Skypower Southeast Solar India Private Limited, Oshnic Solar Power Limited, Solar-Apps Energy Private Limited, Electrik Bee Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Apeksha Dhariwal ceased to be Additional Director on 31 Dec 2021. Apeksha Dhariwal was appointed as Director on 14 Oct 2020. Deepak Kumar Lalith was appointed as Director on 05 Jun 2020. Solar Quest Projects Two has 5 board changes on record in total.
Solar Quest Projects Two can be reached through the website solarquest.in. Its registered office is in Ajmer, Rajasthan, India.
The registered office of Solar Quest Projects Two is at CO. Hem Chand Dhariwal Shubh Gokhley Near Bank Colony Policeline 1 Stcrossing, Ajmer, Rajasthan, India – 305001.
Solar Quest Projects Two has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹45 Lakh.