MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2022-23)
- Udyam number
- UDYAM-OD-20-0004954
Solar Syndicate Private Limited
Solar Syndicate Private Limited - energy in Koraput, Odisha, India. Directors, charges & compliance details.
Revenue · FY 2025
₹29.92 Lakh
▼ 48% YoY
Net loss · FY 2025
₹20,066
Net margin -0.7%
EBITDA · FY 2025
-₹16,884
EBITDA margin -0.6%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1.5 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Directors on board
3
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Solar Syndicate Private Limited
Data last updated:
Solar Syndicate Private Limited is a private limited company based in Koraput, Odisha, India. It operates in the electric power generation segment of the energy sector. It was incorporated on 01 August 2022.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U40106OR2022PTC040421.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1.5 Lakh. It is led by directors including Ganeswar Panigrahi (Managing Director) and Manoj Kumar Panigrahi.
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 Plot No – 31 – 2720 College Road Satya Nagar, Koraput, Odisha, India – 764036.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.92 Lakh, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹20,066 (net margin -0.7%) and EBITDA of -₹16,884 (EBITDA margin -0.6%).
Solar Syndicate Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-OD-20-0004954).
Company details
CIN U40106OR2022PTC040421
Registration Number 040421
Incorporation Date 01 August 2022
ROC Cuttack
Listing Status Unlisted
Company Status Active
MSME Classification Micro
Udyam Registration UDYAM-OD-20-0004954
Key People
Ganeswar Panigrahi Managing Director Manoj Kumar Panigrahi Director Biswabandita Panigrahi Director Recognitions & Rankings of Solar Syndicate
Contact details
Solar Syndicate Private Limited's registered office is in Koraput, Odisha.
- Registered AddressPlot No – 31 – 2720 College Road Satya Nagar, Koraput, Odisha, India – 764036
- IndustryEnergy, Electric Power Generation
Comprehensive company report
Solar Syndicate 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
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Business activity
The main business activity of Solar Syndicate is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Solar Syndicate Private Limited, buy the company report.
Financials of Solar Syndicate Private Limited
FY 2025 filings availableSolar Syndicate Private Limited reported revenue of ₹29.92 Lakh (down 48% YoY) for FY 2025.
Revenue · FY 2025
₹29.92 Lakh ▼ 48%
Net loss · FY 2025
₹20,066 margin -0.7%
EBITDA · FY 2025
-₹16,884 margin -0.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 48%
EBITDA CAGR growth
1 year
▼ 46%
Revenue fell 48% in the latest year. EBITDA fell 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | -₹16,884 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹20,066 | ||
| 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -0.6% | ||
| Net Profit Margin | -0.7% | ||
| 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 Solar Syndicate Private Limited, buy the company report.
Board of directors of Solar Syndicate Private Limited
Solar Syndicate has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganeswar Panigrahi | Managing Director | 01 Aug 2022 | 4 Years 3 Months | Current |
| Manoj Kumar Panigrahi | Director | 01 Aug 2022 | 4 Years 3 Months | Current |
| Biswabandita Panigrahi | Director | 01 Aug 2022 | 4 Years 3 Months | Current |
Peer comparison
Solar Syndicate Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Power Up Solar Private Limited | ₹30.25 Lakh (FY 2025) | -3.0% | Morbi, Gujarat, India | |||
| HKS Infrastructure Private Limited | ₹30.17 Lakh (FY 2025) | -76.0% | Zirakpur, Punjab, India | |||
| Green Ventures Galaxy Private Limited | ₹30.17 Lakh (FY 2016) | Mumbai, Maharashtra, India | ||||
| Adani Renewable Energy Holding Sixteen Limited | ₹30 Lakh (FY 2025) | -96.0% | New Delhi, Delhi, India | |||
| Star Nova Solar Private Limited | ₹29.98 Lakh (FY 2025) | -2.0% | Morbi, Gujarat, India | |||
| Solar Syndicate Private Limitedthis company | ₹29.92 Lakh (FY 2025) | -₹20,066 | -0.7% | -48.0% | Koraput, Odisha, India | |
| A.V Wind Mills Private Limited | ₹29.78 Lakh (FY 2024) | 9.0% | Namakkal (Dt), Tamil Nadu, India | |||
| Creative Elecpower Private Limited | ₹29.78 Lakh (FY 2025) | 137.0% | Madhubani, Bihar, India | |||
| Parameswari Green Energy Private Limited | ₹29.76 Lakh (FY 2025) | -84.0% | Salem, Tamil Nadu, India | |||
| Dca Energy Commerce Private Limited | ₹29.7 Lakh (FY 2025) | -89.0% | Bengaluru, Karnataka, India | |||
| Silent Ray Solar Private Limited | ₹29.63 Lakh (FY 2025) | -4.0% | Morbi, Gujarat, India |
To see the full peer comparison of Solar Syndicate Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solar Syndicate 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 Syndicate Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Solar Syndicate Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Solar Syndicate Private Limited has 3 board changes on record since 2022: 3 appointments. The latest: Biswabandita Panigrahi was appointed as Director on 01 Aug 2022.
AGM
Solar Syndicate Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solar Syndicate Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Appointed
Biswabandita Panigrahi was appointed as Director.
Appointed
Ganeswar Panigrahi was appointed as Managing Director.
Appointed
Manoj Kumar Panigrahi was appointed as Director.
Incorporation
01 Aug 2022
Solar Syndicate Private Limited was registered on 01 Aug 2022 with Roc Cuttack & aged 4 years 3 months as per MCA records.
Frequently asked questions
Solar Syndicate is an active private limited company based in Koraput, Odisha, India. The company works in electric power generation, within the energy industry. It was incorporated on 01 August 2022 (4+ years old) and is registered under CIN U40106OR2022PTC040421.
Solar Syndicate has 3 current directors:
- Ganeswar Panigrahi - Managing Director
- Manoj Kumar Panigrahi - Director
- Biswabandita Panigrahi - Director
The latest financial statements of Solar Syndicate 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 2023 are in the company report.
The CIN (Corporate Identification Number) of Solar Syndicate is U40106OR2022PTC040421. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Syndicate was incorporated on 01 August 2022, making it 4+ years old. It is registered with the Registrar of Companies, Cuttack.
The peers of Solar Syndicate by revenue are Power Up Solar Private Limited, HKS Infrastructure Private Limited, Green Ventures Galaxy Private Limited, Adani Renewable Energy Holding Sixteen Limited, Star Nova Solar Private Limited and 5 more, all in the same principal business activity (electric power generation, transmission and distribution).
Biswabandita Panigrahi was appointed as Director on 01 Aug 2022. Ganeswar Panigrahi was appointed as Managing Director on 01 Aug 2022. Manoj Kumar Panigrahi was appointed as Director on 01 Aug 2022.
Yes, Solar Syndicate is registered as a micro enterprise under Udyam registration (number: UDYAM-OD-20-0004954).
The registered office of Solar Syndicate is at Plot No – 31 – 2720 College Road Satya Nagar, Koraput, Odisha, India – 764036.
Solar Syndicate operates in the energy industry, in the electric power generation segment.
Solar Syndicate can be reached at its registered office: Plot No – 31 – 2720 College Road Satya Nagar, Koraput, Odisha, India – 764036.
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