Solitaire Powertech Private Limited
About Solitaire Powertech Private Limited
Data last updated:
Solitaire Powertech Private Limited is a private limited company based in Jaithari, Madhya Pradesh, India, a subsidiary of Hindustan Cleanenergy Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 03 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U72200MP2008PTC082528. Its GSTIN is 29AAMCS8884R1ZT (Karnataka).
The company has an authorised share capital of ₹13 Lakh and a paid-up capital of ₹6.1 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 Laharpur Jaithari, Anuppur, Madhya Pradesh, India – 484330.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.44 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹11.53 Cr (net margin 53.8%) and EBITDA of ₹35.13 Cr (EBITDA margin 163.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹172.44 Cr on record. Court records list 28 cases involving the company, including 2 filed by the company and 26 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Solitaire Powertech has one previous CIN (Corporate Identification Number): U72200DL2008PTC180422. The current CIN is U72200MP2008PTC082528, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MP2008PTC082528 | Current |
| U72200DL2008PTC180422 | Previous |
Contact details
Solitaire Powertech Private Limited's registered office is in Jaithari, Madhya Pradesh.
- Registered AddressLaharpur Jaithari, Anuppur, Madhya Pradesh, India – 484330
- IndustryEnvironment, Solar Energy Solutions
- 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 Powertech 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 Solitaire Powertech Private Limited, buy the company report.
Financials of Solitaire Powertech Private Limited
FY 2025 filings availableSolitaire Powertech Private Limited reported revenue of ₹21.44 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 29% growth in the latest year. EBITDA rose 134% 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 | ₹35.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.53 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 | 163.9% | ||||
| Net Profit Margin | 53.8% | ||||
| 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 Solitaire Powertech Private Limited, buy the company report.
Board of directors of Solitaire Powertech Private Limited
Solitaire Powertech has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satyendra Singh Also directs: Peridot Power Ventures Limited, Peridot Energy Services Limited, Anuppur Powerprojects Private Limited and 5 more | Additional Director | 08 Jan 2025 | 1 Years 10 Months | Current |
| Kamal Thakurani Also directs: Solitaire BTN Solar Private Limited, Bhaskar Powerstructures Limited, Bhaskar Powergen Limited and 5 more | Director | 23 Sep 2025 | 1 Years 1 Months | Current |
Peer comparison
Solitaire Powertech Private Limited is compared with the 9 companies closest to it by revenue in the Cleantech industry (Solar Power), with 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 |
|---|---|---|---|---|---|---|
| Elan Greentech Energies Limited | ₹21.88 Cr (FY 2024) | 46.0% | Gurgaon, Haryana, India | |||
| Vishwaj Energy Private Limited | ₹21.84 Cr (FY 2024) | -5.0% | Pune, Maharashtra, India | |||
| Enerparc Solar Power 1 Private Limited | ₹21.63 Cr (FY 2025) | 21.0% | Bangalore, Karnataka, India | |||
| Sei Renewable Energy Private Limited | ₹21.55 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Solitaire Powertech Private Limitedthis company | ₹21.44 Cr (FY 2025) | ₹11.53 Cr | 53.8% | 29.0% | Jaithari, Madhya Pradesh, India | |
| Lucknow Solar Power Development Corporation Limited | ₹21.37 Cr (FY 2025) | 35.0% | Lucknow, Uttar Pradesh, India | |||
| Marvel Solren Private Limited | ₹21.36 Cr (FY 2025) | 0.0% | Mumbai, Maharashtra, India | |||
| Samavist Energy Solutions Private Limited | ₹21.34 Cr (FY 2025) | 1.0% | Noida, Uttar Pradesh, India | |||
| Repal Renewables Private Limited | ₹21.34 Cr (FY 2025) | 186.0% | Hyderabad, Telangana, India | |||
| Sei Solarvana Power Private Limited | ₹21.29 Cr (FY 2025) | -2.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Solitaire Powertech Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2019 | 100273116 | Others | ₹22.05 Cr | Open | |
| 22 May 2017 | 100100265 | Others | ₹150.39 Cr | Open |
To see the full charge records of Solitaire Powertech Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Solitaire Powertech Private Limited has 28 court cases on record: 2 filed by Solitaire Powertech, 26 filed against it. 2 cases are pending and 26 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 22 | 0 |
| High courts | 5 | 4 | 1 |
| NCLT | 1 | 0 | 1 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT Indore | Court case (C.P.(CAA)) | Filed by the company against MB Power (Madhya Pradesh) Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Karnataka Power Transmission Corporation Ltd | Disposed |
| High Court | Writ petition | Filed against the company by Karnataka Power Transmission Corporation Limited | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by an individual | Pending |
| District court, CHITRADURGA, Karnataka | Execution petition | Filed against the company by an individual | Disposed |
To see the full case history of Solitaire Powertech 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 Solitaire Powertech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solitaire Powertech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAMCS8884R1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solitaire Powertech Private Limited, buy the company report.
Recent activity
Solitaire Powertech Private Limited has 20 board changes on record since 2011: 4 appointments and 16 cessations. The latest: Kamal Thakurani was appointed as Director on 23 Sep 2025.
15 earlier events are in the company report.
Frequently asked questions
Solitaire Powertech is an active private limited company based in Jaithari, Madhya Pradesh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 03 July 2008 (18+ years old) and is registered under CIN U72200MP2008PTC082528.
Solitaire Powertech has 2 current directors:
- Satyendra Singh - Additional Director
- Kamal Thakurani - Director
The latest financial statements of Solitaire Powertech 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 Powertech is 29AAMCS8884R1ZT, registered in Karnataka.
The CIN (Corporate Identification Number) of Solitaire Powertech is U72200MP2008PTC082528. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solitaire Powertech has 28 court cases on record: 2 filed by the company and 26 filed against it. 2 are pending. Most are in the district courts.
Solitaire Powertech was incorporated on 03 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Solitaire Powertech by revenue are Elan Greentech Energies Limited, Vishwaj Energy Private Limited, Enerparc Solar Power 1 Private Limited, Sei Renewable Energy Private Limited, Lucknow Solar Power Development Corporation Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Kamal Thakurani was appointed as Director on 23 Sep 2025. Satyendra Singh was appointed as Additional Director on 08 Jan 2025. Akshay Dilip Awachar ceased to be Additional Director on 28 Sep 2024. Solitaire Powertech has 20 board changes on record in total.
The registered office of Solitaire Powertech is at Laharpur Jaithari, Anuppur, Madhya Pradesh, India – 484330.
Solitaire Powertech operates in the environment industry, in the solar energy solutions segment.
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.
