MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-TS-09-0001992
Solnova Power Private Limited - environment in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹2.28 Cr
▼ 21% YoY
Net loss · FY 2023
₹66.99 Lakh
Net margin -29.4%
EBITDA · FY 2023
₹1.43 Cr
EBITDA margin 62.9%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹8.07 Cr
Satisfied ₹15 Cr
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Solnova Power Private Limited
Data last updated:
Solnova Power Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 08 August 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U40108TG2013PTC089370. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It is led by directors Varun Kancharla and Siddharth Kancharla.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. 137 Asvasidh Abode Jv Colony Gachibowli, Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.28 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹66.99 Lakh (net margin -29.4%) and EBITDA of ₹1.43 Cr (EBITDA margin 62.9%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
As per MCA filings, the company has open charges of ₹8.07 Cr and satisfied charges of ₹15 Cr on record.
Solnova Power Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-09-0001992). 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 solnovapower.com.
Company details
CIN U40108TG2013PTC089370
Registration Number 089370
Incorporation Date 08 August 2013
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-09-0001992
CIN history
Solnova Power has one previous CIN (Corporate Identification Number): U40108AP2013PTC089370. The current CIN is U40108TG2013PTC089370, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108TG2013PTC089370 | Current |
| U40108AP2013PTC089370 | Previous |
Recognitions & Rankings of Solnova Power
Contact details
Solnova Power Private Limited's registered office is in Hyderabad, Telangana. Its website is solnovapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 137 Asvasidh Abode Jv Colony Gachibowli, Hyderabad, Telangana, India – 500032
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Solnova Power Private Limited, buy the company report.
Comprehensive company report
Solnova Power 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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Business activity
The main business activity of Solnova Power 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 Solnova Power Private Limited, buy the company report.
Financials of Solnova Power Private Limited
FY 2024 filings availableSolnova Power Private Limited reported revenue of ₹2.28 Cr (down 21% YoY) for FY 2023.
Revenue · FY 2023
₹2.28 Cr ▼ 21%
Net loss · FY 2023
₹66.99 Lakh margin -29.4%
EBITDA · FY 2023
₹1.43 Cr margin 62.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 38%
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years, including a 21% fall in the latest year. EBITDA fell 38% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.28 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹66.99 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 62.9% | ||||
| Net Profit Margin | -29.4% | ||||
| 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 Solnova Power Private Limited, buy the company report.
Board of directors of Solnova Power Private Limited
Solnova Power 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 |
|---|---|---|---|---|
| Varun Kancharla Also directs: Dezine Di Lusso LLP, Celebrityprime Infracon India Private Limited, Asvasidh Novateur Developers Private Limited and 2 more | Director | 08 Aug 2013 | 13 Years 2 Months | Current |
| Siddharth Kancharla Also directs: Dezine Di Lusso LLP, Celebrityprime Infracon India Private Limited, Asvasidh Novateur Developers Private Limited and 2 more | Director | 08 Aug 2013 | 13 Years 2 Months | Current |
Peer comparison
Solnova Power Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Sunsole Solar Private Limited | ₹2.29 Cr (FY 2025) | -22.0% | Mumbai, Maharashtra, India | |||
| K J Solar Systems Private Limited | ₹2.28 Cr (FY 2023) | -1.0% | Chennai, Tamil Nadu, India | |||
| Solnova Power Private Limitedthis company | ₹2.28 Cr (FY 2023) | -₹66.99 Lakh | -29.4% | -21.0% | Hyderabad, Telangana, India | |
| Hexa Energy K4 Private Limited | ₹2.26 Cr (FY 2025) | 57.0% | Belgaum, Karnataka, India | |||
| Allianz Ecopower Private Limited | ₹2.25 Cr (FY 2024) | -6.0% | Patiala, Punjab, India | |||
| Soura Natural Energy Solutions India Private Limited | ₹2.23 Cr (FY 2021) | -84.0% | Chalakudy, Kerala, India |
To see the full peer comparison of Solnova Power Private Limited, buy the company report.
Auditor
Solnova Power Private Limited is audited by GHANTASALA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GHANTASALA & CO | FY 2023 | 000921S |
Shareholding
The shareholding of Solnova Power Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solnova Power Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.07 Cr
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 May 2021 | 100452283 | Hdfc Bank Limited | ₹7.07 Lakh | Open | |
| 08 Oct 2020 | 100415993 | Hdfc Bank Limited | ₹8 Cr | Open | |
| 29 Feb 2016 | 100018934 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Solnova Power Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Solnova Power Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Solnova Power Private Limited was last rated by Crisil on 16 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Jun 2021 |
To see the full credit ratings and regulatory alerts of Solnova Power Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solnova Power Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solnova Power has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Solnova Power Private Limited, buy the company report.
Recent activity
Solnova Power Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Anuroop Kichnnagari ceased to be Director on 29 Sep 2014.
AGM
Solnova Power Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Solnova Power Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
Charges
A charge with Hdfc Bank Limited of Rs. 8.00 Cr registered on 08 Oct 2020 with Charge ID 100415993 was modified on 02 Mar 2022.
Charges
A charge registered on 29 Feb 2016 via Charge ID 100018934 with Others was fully satisfied on 28 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100452283 was registered on 12 May 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100415993 was registered on 08 Oct 2020.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100018934 was registered on 29 Feb 2016.
Ceased
Anuroop Kichnnagari ceased to be Director.
Appointed
Siddharth Kancharla was appointed as Director.
Appointed
Varun Kancharla was appointed as Director.
Incorporation
08 Aug 2013
Solnova Power Private Limited was registered on 08 Aug 2013 with Roc Hyderabad & aged 13 years 2 months as per MCA records.
Frequently asked questions
Solnova Power is an active private limited company based in Hyderabad, Telangana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 08 August 2013 (13+ years old) and is registered under CIN U40108TG2013PTC089370.
Solnova Power has 2 current directors:
- Varun Kancharla - Director
- Siddharth Kancharla - Director
The latest financial statements of Solnova Power on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Solnova Power has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Solnova Power is U40108TG2013PTC089370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solnova Power was incorporated on 08 August 2013, making it 13+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Solnova Power by revenue are Sunsole Solar Private Limited, K J Solar Systems Private Limited, Hexa Energy K4 Private Limited, Allianz Ecopower Private Limited, Soura Natural Energy Solutions India Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Anuroop Kichnnagari ceased to be Director on 29 Sep 2014. Siddharth Kancharla was appointed as Director on 08 Aug 2013. Varun Kancharla was appointed as Director on 08 Aug 2013.
Yes, Solnova Power is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-09-0001992).
Solnova Power can be reached through the website solnovapower.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Solnova Power is at Plot No. 137 Asvasidh Abode Jv Colony Gachibowli, Hyderabad, Telangana, India – 500032.