Solitaire BTN Solar Private Limited
About Solitaire BTN Solar Private Limited
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Solitaire BTN Solar Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Hindustan Cleanenergy Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40101DL2011PTC219024. Its GSTIN is 33AASCS0567R1ZI (Tamil Nadu).
The company has an authorised share capital of ₹1.14 Cr and a paid-up capital of ₹93.31 Lakh. It is led by directors Kamal Thakurani and Satyendra Singh.
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 239 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹59.02 Cr. For the same year it recorded a net loss of ₹23.8 Cr (net margin -40.3%) and EBITDA of ₹26.55 Cr (EBITDA margin 45%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 68% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹365.69 Cr on record. Court records list 14 cases involving the company, including 7 filed by the company and 7 filed against it; 1 case is pending. The company has 11 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹133.95 Cr; the latest was in June 2025. The company has 16 MSME Form 1 returns on record between 2019 and 2023, listing 67 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Solitaire BTN Solar Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address239 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Solitaire BTN Solar 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 Solitaire BTN Solar 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 Solitaire BTN Solar Private Limited, buy the company report.
Financials of Solitaire BTN Solar Private Limited
FY 2025 filings availableSolitaire BTN Solar Private Limited reported revenue of ₹59.02 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 68% over five years. EBITDA fell 52% 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 |
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| EBITDA | ₹26.55 Cr | ||||
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| Net Profit (PAT) | -₹23.8 Cr | ||||
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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 | 45% | ||||
| Net Profit Margin | -40.3% | ||||
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To see the full financial statements and ratios of Solitaire BTN Solar Private Limited, buy the company report.
Board of directors of Solitaire BTN Solar Private Limited
Solitaire BTN Solar has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamal Thakurani Also directs: Solitaire Powertech Private Limited, Bhaskar Powerstructures Limited, Bhaskar Powergen Limited and 5 more | Director | 23 Sep 2025 | 1 Years 1 Months | Current |
| Satyendra Singh Also directs: Peridot Power Ventures Limited, Peridot Energy Services Limited, Anuppur Powerprojects Private Limited and 5 more | Director | 08 Jan 2025 | 1 Years 10 Months | Current |
Auditor
Solitaire BTN Solar Private Limited is audited by Ankur Goyal& Associates, Chartered Accountants for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ankur Goyal& Associates, Chartered Accountants | FY 2024 | 027994N |
Shareholding
The shareholding of Solitaire BTN Solar Private Limited is on record for 5 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 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solitaire BTN Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2019 | 100242425 | Others | ₹365.69 Cr | Open |
To see the full charge records of Solitaire BTN Solar Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Solitaire BTN Solar Private Limited has 11 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹133.95 Cr; the latest was in June 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Funding round | ₹6.01 Cr | Investors: Hindustan Cleanenergy Limited |
| May 2025 | Rights issue | ₹80 Lakh | Investors: Peridot Power Ventures Limited |
| May 2025 | Funding round | ₹6.01 Cr | Investors: Peridot Power Ventures Limited |
| Jan 2019 | Rights issue | ₹50,000 | Investors: Hindustan Cleanenergy Limited , Peridot Power Ventures Limited |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Peridot Power Ventures Limited Seller: Hindustan Cleanenergy Limited |
To see the full deal history of Solitaire BTN Solar 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
Solitaire BTN Solar Private Limited has 14 court cases on record: 7 filed by Solitaire BTN Solar, 7 filed against it. 1 case is pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 1 |
| District courts | 6 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Court case (WMP(MD)) | Filed against the company | Pending |
| District court, Salem, Tamil Nadu | Court case (COS) | Filed against the company by K.M. Developers A Registered Partnership Firm Rep. by Its Partner M. Kumaravel | Disposed |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| District court, Theni, Tamil Nadu | Civil suit | Filed against the company by individuals | Disposed |
To see the full case history of Solitaire BTN Solar 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
Solitaire BTN Solar Private Limited has 16 MSME Form 1 returns on record between 2019 and 2023, listing 67 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Trinity Touch Private Limited | |||
| an individual supplier | |||
| Manohar Chowdhry and Associates | |||
| an individual supplier | |||
| Ca & Associates |
To see the full MSME payment records of Solitaire BTN Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solitaire BTN Solar Private Limited has a workforce of 30 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 30 |
| FY 2025-26 |
To see the full employee and EPFO history of Solitaire BTN Solar Private Limited, buy the company report.
GST
Solitaire BTN Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AASCS0567R1ZI | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solitaire BTN Solar Private Limited, buy the company report.
Recent activity
Solitaire BTN Solar Private Limited has 26 board changes on record since 2011: 14 appointments and 12 cessations. The latest: Akshay Dilip Awachar ceased to be Director on 23 Sep 2025.
19 earlier events are in the company report.
Frequently asked questions
Solitaire BTN Solar is an active private limited company based in New Delhi, Delhi, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 11 May 2011 (15+ years old) and is registered under CIN U40101DL2011PTC219024.
Solitaire BTN Solar has 2 current directors:
- Kamal Thakurani - Director
- Satyendra Singh - Director
The latest financial statements of Solitaire BTN Solar 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 Solitaire BTN Solar is 33AASCS0567R1ZI, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Solitaire BTN Solar is U40101DL2011PTC219024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solitaire BTN Solar has 14 court cases on record: 7 filed by the company and 7 filed against it. 1 is pending. Most are in the high courts.
Solitaire BTN Solar was incorporated on 11 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Solitaire BTN Solar has 11 deals on record (5 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹133.95 Cr; the latest was in June 2025.
Akshay Dilip Awachar ceased to be Director on 23 Sep 2025. Kamal Thakurani was appointed as Director on 23 Sep 2025. Kashif Nisar Khan ceased to be Director on 08 Jan 2025. Solitaire BTN Solar has 26 board changes on record in total.
Solitaire BTN Solar has 16 MSME Form 1 returns on record between 2019 and 2023, listing 67 overdue payments to 7 micro and small suppliers. The latest return was filed on 31 Aug 2023.
The registered office of Solitaire BTN Solar is at 239 Okhla Industrial Estate Phase – III, New Delhi, Delhi, India – 110020.
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