About Solartown Energy Solutions Private Limited
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Solartown Energy Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 30 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2012PTC085642. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹74.96 Lakh. It is led by directors Kuttuva Dhanush Nagarajan and Vikram Dileepan.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at No.26 Paulwells Road Ravi Colony St.Thomas Mount, Chennai, Tamil Nadu, India – 600016.
As per the financials filed for FY 2016, the company reported a revenue of ₹5.3 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹10.66 Lakh (net margin 2%) and EBITDA of ₹21.89 Lakh (EBITDA margin 4.1%).
The company has about 34 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solar Town. As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹96 Lakh on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 1 case is pending. The company has 10 deals on record (3 funding rounds, 3 rights issues, 3 secondary share transfers), with disclosed funding of ₹2.2 Cr; the latest was in May 2018.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website solartown.in.
Company details
Contact details
Solartown Energy Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is solartown.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.26 Paulwells Road Ravi Colony St.Thomas Mount, Chennai, Tamil Nadu, India – 600016
- IndustryEnvironment, Clean Energy Solutions
To see the full contact details of Solartown Energy Solutions 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
Brands
Solartown Energy Solutions operates one associated brand: Solar Town. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers solar solutions and EPC services for energy projects. | solartown.in |
Business activity
The main business activity of Solartown Energy Solutions 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 Solartown Energy Solutions Private Limited, buy the company report.
Financials of Solartown Energy Solutions Private Limited
FY 2016 filings availableSolartown Energy Solutions Private Limited reported revenue of ₹5.3 Cr (up 333% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue rose 333% in the latest year. EBITDA rose 789% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹5.3 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹21.89 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹10.66 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.1% | |
| Net Profit Margin | 2% | |
| 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 Solartown Energy Solutions Private Limited, buy the company report.
Board of directors of Solartown Energy Solutions Private Limited
Solartown Energy Solutions has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kuttuva Dhanush Nagarajan | Director | 31 Jul 2015 | 11 Years 3 Months | Current |
| Vikram Dileepan | Director | 30 Apr 2012 | 14 Years 6 Months | Current |
Auditor
Solartown Energy Solutions Private Limited is audited by VIVEKANANDAN ASSOCIATES for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEKANANDAN ASSOCIATES | FY 2016 | 005268S |
Shareholding
The shareholding of Solartown Energy Solutions Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Solartown Energy Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2016 | 100061825 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 08 Jun 2015 | 10580215 | Indian Overseas Bank | ₹96 Lakh | Satisfied |
To see the full charge records of Solartown Energy Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Solartown Energy Solutions Private Limited has 10 deals on record (3 funding rounds, 3 rights issues, 3 secondary share transfers), with disclosed funding of ₹2.2 Cr; the latest was in May 2018.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Rights issue | ₹75 Lakh | Investors: an individual |
| Feb 2018 | Rights issue | ₹15 Lakh | Investors: SKLT Investment Company Firm (Business) |
| Jul 2017 | Rights issue | ₹55 Lakh | Investors: 2 individuals |
| Mar 2016 | Funding round | ₹81.4 Lakh | Investors: 4 individuals |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
To see the full deal history of Solartown Energy Solutions 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
Solartown Energy Solutions Private Limited has 9 court cases on record: 1 filed by Solartown Energy Solutions, 8 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 6 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Magma Fincorp Limited | Pending |
| High Court | Court case (AP-COM) | Filed against the company by M/S Kotak Mahindra Bank Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Aditya Birla Finance Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Edelweiss Retail Finance Limited | Disposed |
| District court, South West, Delhi | Court case (OMP (COMM.)) | Filed by the company against M/S Edelweiss Retail Finance Ltd. | Disposed |
To see the full case history of Solartown Energy Solutions 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solartown Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solartown Energy Solutions Private Limited has a workforce of 34 employees on its EPFO records as of Jun 2017, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 34 |
| FY 2016-17 |
To see the full employee and EPFO history of Solartown Energy Solutions Private Limited, buy the company report.
GST
Solartown Energy Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Solartown Energy Solutions Private Limited, buy the company report.
Recent activity
Solartown Energy Solutions Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Thirumalai Nambakkam Bhoovarahan ceased to be Whole-Time Director on 02 Jan 2017.
4 earlier events are in the company report.
Frequently asked questions
Solartown Energy Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 30 April 2012 (14+ years old) and is registered under CIN U74900TN2012PTC085642.
Solartown Energy Solutions has 2 current directors:
- Kuttuva Dhanush Nagarajan - Director
- Vikram Dileepan - Director
The latest financial statements of Solartown Energy Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
No. Solartown Energy Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Solartown Energy Solutions is U74900TN2012PTC085642. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solartown Energy Solutions has 9 court cases on record: 1 filed by the company and 8 filed against it. 1 is pending. Most are in the district courts.
Solartown Energy Solutions was incorporated on 30 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Chennai.
Solartown Energy Solutions has 10 deals on record (3 funding rounds, 3 rights issues, 3 secondary share transfers), with disclosed funding of ₹2.2 Cr; the latest was in May 2018.
Thirumalai Nambakkam Bhoovarahan ceased to be Whole-Time Director on 02 Jan 2017. Kuttuva Dhanush Nagarajan ceased to be Additional Director on 30 Sep 2016. Nishant Pullabhatla ceased to be Director on 24 Aug 2016. Solartown Energy Solutions has 9 board changes on record in total.
Solartown Energy Solutions can be reached through the website solartown.in. Its registered office is in Chennai, Tamil Nadu, India.
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