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Solargridx Ventures Private Limited - environment in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹9.17 Cr
▼ 62% YoY
Net loss · FY 2025
₹4.05 Cr
Net margin -44.2%
EBITDA · FY 2025
-₹5.24 Cr
EBITDA margin -57.2%
Authorised capital
₹1.5 Lakh
Registered with MCA
Paid-up capital
₹1,301
Issued & subscribed
Open charges
₹82.8 Cr
Satisfied ₹2.91 Cr
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
About Solargridx Ventures Private Limited
Data last updated:
Solargridx Ventures Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 10 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U40108HR2020PTC088214. Its GSTIN is 06ABECS1523Q1Z3 (Haryana).
The company has an authorised share capital of ₹1.5 Lakh and a paid-up capital of ₹1,301. It is led by directors Devansh Manishkumar Shah and Hardik Bhatia.
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 Sector 113, Gurgaon, Haryana.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.17 Cr, a decline of 62% compared to the previous year. For the same year it recorded a net loss of ₹4.05 Cr (net margin -44.2%) and EBITDA of -₹5.24 Cr (EBITDA margin -57.2%). Revenue has grown at a compounded annual rate (CAGR) of 159% over three years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: SustVest. As per MCA filings, the company has open charges of ₹82.8 Cr and satisfied charges of ₹2.91 Cr on record. The company has 10 deals on record (6 secondary share transfers, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹12.77 Cr; the latest was in February 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sustvest.com.
Company details
CIN U40108HR2020PTC088214
Registration Number 088214
Incorporation Date 10 August 2020
ROC Haryana
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Solargridx Ventures
Contact details
Solargridx Ventures Private Limited's registered office is in Gurgaon, Haryana. Its website is sustvest.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSCO No.32 2nd Floor M3M 113 Market, Sector 113, Gurgaon, Haryana, India – 122004
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Solargridx Ventures Private Limited, buy the company report.
Comprehensive company report
Solargridx Ventures 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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Brands
Solargridx Ventures operates one associated brand: SustVest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar investments are facilitated via a platform for project ownership. | sustvest.com |
Business activity
The main business activity of Solargridx Ventures 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 Solargridx Ventures Private Limited, buy the company report.
Financials of Solargridx Ventures Private Limited
FY 2025 filings availableSolargridx Ventures Private Limited reported revenue of ₹9.17 Cr (down 62% YoY) for FY 2025.
Revenue · FY 2025
₹9.17 Cr ▼ 62%
Net loss · FY 2025
₹4.05 Cr margin -44.2%
EBITDA · FY 2025
-₹5.24 Cr margin -57.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 62%
3 years · compounded
▲ 159%
Revenue fell 62% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 159%. 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 | ₹9.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.05 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -57.2% | ||||
| Net Profit Margin | -44.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Solargridx Ventures Private Limited, buy the company report.
Board of directors of Solargridx Ventures Private Limited
Solargridx Ventures has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devansh Manishkumar Shah | Director | 10 Aug 2020 | 6 Years 2 Months | Current |
| Hardik Bhatia | Director | 10 Aug 2020 | 6 Years 2 Months | Current |
Auditor
Solargridx Ventures Private Limited is audited by Sapthagiri B A for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sapthagiri B A | FY 2024 | 239974 |
Shareholding
The shareholding of Solargridx Ventures Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Solargridx Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
₹82.8 Cr
Satisfied charges
₹2.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2026 | 101321501 | Sbicap Trustee Company Limited | ₹13.5 Cr | Open | |
| 14 May 2026 | 101304835 | State Bank of India | ₹13.5 Cr | Open | |
| 23 Feb 2026 | 101247279 | Sbicap Trustee Company Limited | ₹9 Cr | Open | |
| 29 Jan 2026 | 101233614 | Sbicap Trustee Company Limited | ₹18.8 Cr | Open | |
| 29 Dec 2025 | 101206872 | Others | ₹20 Lakh | Open |
To see the full charge records of Solargridx Ventures Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Solargridx Ventures Private Limited has 10 deals on record (6 secondary share transfers, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹12.77 Cr; the latest was in February 2025.
Total deals
10
Secondary share transfers
6
Funding rounds
2
Convertible or debt financings
2
Disclosed funding
₹12.77 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Sabre Partners Private Equity, 2 individuals Seller: 2 individuals |
| Oct 2023 | Funding round | ₹2.08 Cr | Investors: WEH Ventures, JK Group Family Office, 2 individuals |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Jul 2023 | Secondary share transfer | Undisclosed | Buyer: Gruhas, Ant Factory Startup Advisory Services Llp, Sabre Partners Private Equity Seller: 2 individuals |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Solargridx Ventures Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Solargridx Ventures 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 Solargridx Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Solargridx Ventures has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sustvest Broking Private Limited | U66120HR2024PTC119856 |
To see the full group structure of Solargridx Ventures Private Limited, buy the company report.
Employees & EPFO
Solargridx Ventures Private Limited has 1 active EPFO establishment as of Nov 21, 2024.
Active EPFO establishments
1
GST
Solargridx Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06ABECS1523Q1Z3 | Haryana | Active | 02 Feb 2022 |
To see the full GST registrations and return filing status of Solargridx Ventures Private Limited, buy the company report.
Recent activity
Solargridx Ventures Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Konda Venkata Prasanth Sai ceased to be Director on 21 Oct 2022.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 1,350.00 Lakh with Charge ID 101321501 was registered on 29 Jun 2026.
Charges
A charge with State Bank Of India amounted to Rs. 1,350.00 Lakh with Charge ID 101304835 was registered on 14 May 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 900.00 Lakh with Charge ID 101247279 was registered on 23 Feb 2026.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 1,880.00 Lakh with Charge ID 101233614 was registered on 29 Jan 2026.
Charges
A charge registered on 30 Sep 2025 via Charge ID 101176693 with Others was fully satisfied on 02 Jan 2026.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 101206872 was registered on 29 Dec 2025.
Charges
A charge with State Bank Of India amounted to Rs. 1,880.00 Lakh with Charge ID 101216121 was registered on 26 Dec 2025.
Charges
A charge with State Bank Of India amounted to Rs. 900.00 Lakh with Charge ID 101216164 was registered on 26 Dec 2025.
Charges
A charge registered on 27 Oct 2024 via Charge ID 100995632 with Others was fully satisfied on 02 Dec 2025.
Charges
A charge registered on 03 Aug 2024 via Charge ID 100975365 with Others was fully satisfied on 02 Dec 2025.
AGM
Solargridx Ventures Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 20.00 Lakh with Charge ID 101176693 was registered on 30 Sep 2025.
8 earlier events are in the company report.
News
Frequently asked questions
Solargridx Ventures is an active private limited company based in Gurgaon, Haryana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 10 August 2020 (6+ years old) and is registered under CIN U40108HR2020PTC088214.
Solargridx Ventures has 2 current directors:
- Devansh Manishkumar Shah - Director
- Hardik Bhatia - Director
The latest financial statements of Solargridx Ventures 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 2021 are in the company report.
The GSTIN of Solargridx Ventures is 06ABECS1523Q1Z3, registered in Haryana.
The CIN (Corporate Identification Number) of Solargridx Ventures is U40108HR2020PTC088214. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solargridx Ventures was incorporated on 10 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Haryana.
Solargridx Ventures has 10 deals on record (6 secondary share transfers, 2 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹12.77 Cr; the latest was in February 2025.
Konda Venkata Prasanth Sai ceased to be Director on 21 Oct 2022. Devansh Manishkumar Shah was appointed as Director on 10 Aug 2020. Hardik Bhatia was appointed as Director on 10 Aug 2020.
Yes, Solargridx Ventures is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Solargridx Ventures can be reached through the website sustvest.com. Its registered office is in Gurgaon, Haryana, India.