About Solenco Renewables Private Limited
Data last updated:
Solenco Renewables Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Radiance Renewables Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 16 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2014PTC258143. Its GSTIN is 27AAUCS9243G1ZP (Maharashtra).
The company has an authorised share capital of ₹11.84 Cr and a paid-up capital of ₹11.84 Cr. It is led by directors Jigar Jajal and Sudhanshu Kamboj.
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 611 Synergy Court Off. Ramchandra Lane Kanchpada Malad West, Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.93 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net loss of ₹7.24 Cr (net margin -184.3%) and EBITDA of -₹2.56 Cr (EBITDA margin -65.1%). Revenue has grown at a compounded annual rate (CAGR) of 71% over five years.
As per MCA filings, the company has satisfied charges of ₹27.62 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solencoinfra.com.
Company details
Contact details
Solenco Renewables Private Limited's registered office is in Mumbai, Maharashtra. Its website is solencoinfra.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address611 Synergy Court Off. Ramchandra Lane Kanchpada Malad West, Mumbai, Maharashtra, India – 400064
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Solenco Renewables 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
Business activity
The main business activity of Solenco Renewables is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Solenco Renewables Private Limited, buy the company report.
Financials of Solenco Renewables Private Limited
FY 2025 filings availableSolenco Renewables Private Limited reported revenue of ₹3.93 Cr (up 86% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 71% over five years, including 86% growth 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 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.24 Cr | ||||
| 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 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -65.1% | ||||
| Net Profit Margin | -184.3% | ||||
| 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 Solenco Renewables Private Limited, buy the company report.
Board of directors of Solenco Renewables Private Limited
Solenco Renewables has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigar Jajal Also directs: Radiance TN Sunrise One Private Limited, Arize Renewables Private Limited, Radiance MH Sunshine Six Private Limited and 5 more | Director | 17 Jun 2024 | 2 Years 4 Months | Current |
| Sudhanshu Kamboj | Director | 29 Sep 2023 | 3 Years 1 Months | Current |
Peer comparison
Solenco Renewables Private Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electricity, gas, steam and air conditioning supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flaunt Solar Energy Private Limited | ₹3.94 Cr (FY 2025) | -5.0% | Sadashivnagar, Karnataka, India | |||
| Clean Max Celeste Private Limited | ₹3.93 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| Solenco Renewables Private Limitedthis company | ₹3.93 Cr (FY 2025) | -₹7.24 Cr | -184.3% | 86.0% | Mumbai, Maharashtra, India | |
| Shahane Solar Power Private Limited | ₹3.92 Cr (FY 2025) | 8.0% | Ahmednagar, Maharashtra, India | |||
| Sunseed Solar Private Limited | ₹3.91 Cr (FY 2025) | 173.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Solenco Renewables Private Limited, buy the company report.
Auditor
Solenco Renewables Private Limited is audited by B S R & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & CO LLP | FY 2023 | 101248W/W100022 |
Shareholding
The shareholding of Solenco Renewables Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solenco Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2022 | 100596325 | Others | ₹27.62 Cr | Satisfied |
To see the full charge records of Solenco Renewables Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Solenco Renewables Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalna, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Solenco Renewables 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.
Credit ratings & regulatory alerts
Solenco Renewables Private Limited was last rated by Care on 14 Dec 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Dec 2022 |
To see the full credit ratings and regulatory alerts of Solenco Renewables Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solenco Renewables Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solenco Renewables has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS9243G1ZP | Maharashtra | Active | 13 Dec 2017 |
To see the full GST registrations and return filing status of Solenco Renewables Private Limited, buy the company report.
Recent activity
Solenco Renewables Private Limited has 10 board changes on record since 2019: 2 appointments and 8 cessations. The latest: Jigar Jajal ceased to be Additional Director on 25 Sep 2024.
3 earlier events are in the company report.
Frequently asked questions
Solenco Renewables is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 16 September 2014 (12+ years old) and is registered under CIN U40300MH2014PTC258143.
Solenco Renewables has 2 current directors:
- Jigar Jajal - Director
- Sudhanshu Kamboj - Director
The latest financial statements of Solenco Renewables 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 2015 are in the company report.
The GSTIN of Solenco Renewables is 27AAUCS9243G1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solenco Renewables is U40300MH2014PTC258143. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solenco Renewables has 1 court case on record: 1 filed against it. 1 is pending.
Solenco Renewables was incorporated on 16 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Solenco Renewables by revenue are Flaunt Solar Energy Private Limited, Clean Max Celeste Private Limited, Shahane Solar Power Private Limited, Sunseed Solar Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electricity, gas, steam and air conditioning supply).
Jigar Jajal ceased to be Additional Director on 25 Sep 2024. Sudhanshu Kamboj ceased to be Additional Director on 25 Sep 2024. Jigar Jajal was appointed as Director on 17 Jun 2024. Solenco Renewables has 10 board changes on record in total.
Solenco Renewables can be reached through the website solencoinfra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Solenco Renewables is at 611 Synergy Court Off. Ramchandra Lane Kanchpada Malad West, Mumbai, Maharashtra, India – 400064.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
