About Solpower India Private Limited
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Solpower India Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the clean energy solutions segment of the environmental services sector. It was incorporated on 11 November 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH2002PTC137828. Its GSTIN is 27AAGCS8001E1ZL (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Choudaiah Mahantaiah Shivayogimath (Managing Director) and Uma Shivayogi Math.
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 A – 412 City Mall Building Plot No. 4 Sector 19 Vashi, Navi Mumbai, Maharashtra, India – 400705.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.82 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹13.72 Lakh (net margin 7.6%) and EBITDA of ₹26.63 Lakh (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 24% over five years.
The company is associated with 1 brand: SolPower India. As per MCA filings, the company has open charges of ₹44 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solpowerindia.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 412 City Mall Building Plot No. 4 Sector 19 Vashi, Navi Mumbai, Maharashtra, India – 400705
- IndustryEnvironment, Clean 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
- One PDF report, delivered after checkout
Business Activity of Solpower India Private Limited
The main business activity of Solpower India is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solpower India Private Limited FY 2025 filings available
Solpower India Private Limited reported revenue of ₹1.82 Cr (up 221% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solpower India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 221% growth in the latest year. EBITDA rose 117% 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 of Solpower India Private Limited
| 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 | ₹26.63 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.72 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 of Solpower India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solpower India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Solpower India Private Limited
Solpower India Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Energy Solutions). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mesha Energy Solutions Private Limited | ₹1.86 Cr (FY 2024) | •••• | •••• | 78.0% | •••• | Bangalore, Karnataka, India |
| Hector Energy Solutions Private Limited | ₹1.85 Cr (FY 2020) | •••• | •••• | 6.0% | •••• | Hyderabad, Telangana, India |
| Scoop Energy Solutions Private Limited | ₹1.85 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Pune, Maharashtra, India |
| Convertertec Energy Solutions India Private Limited | ₹1.83 Cr (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Ghanpriya Energy Solution Private Limited | ₹1.83 Cr (FY 2024) | •••• | •••• | 62.0% | •••• | New Delhi, Delhi, India |
| Solpower India Private Limited this company | ₹1.82 Cr (FY 2025) | •••• | •••• | 221.0% | •••• | Navi Mumbai, Maharashtra, India |
| Acute Energy Solutions Private Limited | ₹1.81 Cr (FY 2025) | •••• | •••• | 1402.0% | •••• | Haryana, India |
| Eelden Energy Private Limited | ₹1.8 Cr (FY 2025) | •••• | •••• | 145.0% | •••• | Palayamkottai, Tamil Nadu, India |
| Solartrade Renewabletech Private Limited | ₹1.79 Cr (FY 2024) | •••• | •••• | 347.0% | •••• | Bhopal, Madhya Pradesh, India |
| Econ Spares & Engineering Works Private Limited | ₹1.79 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| Doers Energy Solutions Private Limited | ₹1.78 Cr (FY 2018) | •••• | •••• | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Solpower India by revenue in the Cleantech industry (Energy Solutions), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Solpower India Private Limited
Solpower India Private Limited is audited by MOHADIKAR AND ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MOHADIKAR AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Solpower India Private Limited
Solpower India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uma Shivayogi Math | Director | 03 Feb 2005 | 21 Years 8 Months | Current |
| Choudaiah Mahantaiah Shivayogimath Also directs: Prithak Fuel Crafts International Private Limited | Managing Director | 11 Nov 2002 | 23 Years 11 Months | Current |
Ownership and Shareholding of Solpower India Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solpower India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Mar 2022 | Others | ₹19 Lakh | Open |
| 01 Nov 2013 | Corporation Bank | ₹25 Lakh | Open |
Total charge records: 2 View all charges
Associated Brands with Solpower India Private Limited
Solpower India operates one associated brand: SolPower India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Fuel treatment and energy conservation services are offered by SolPower India. | solpowerindia.co.in |
Employees and EPFO Compliance at Solpower India Private Limited
Employment history and EPFO contributions of people linked to Solpower India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Solpower India Private Limited
Solpower India Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Uma Shivayogi Math was appointed as Director on 03 Feb 2005.
Credit Ratings, Litigation & Regulatory Alerts for Solpower India Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solpower India Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solpower India Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solpower India Private Limited
Solpower India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCS8001E1ZL | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solpower India Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solpower India Private Limited
Solpower India is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in clean energy solutions, within the environment industry. It was incorporated on 11 November 2002 (24+ years old) and is registered under CIN U29299MH2002PTC137828.
Solpower India reported revenue of ₹1.82 Cr for FY 2025 (up 221% YoY).
Solpower India has 2 current directors:
- Choudaiah Mahantaiah Shivayogimath - Managing Director
- Uma Shivayogi Math - Director
Solpower India reported a net profit of ₹13.72 Lakh (net margin 7.6%) and EBITDA of ₹26.63 Lakh (EBITDA margin 14.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solpower India is 12% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 221%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solpower India is 27AAGCS8001E1ZL, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solpower India is U29299MH2002PTC137828. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solpower India was incorporated on 11 November 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Solpower India by revenue are Mesha Energy Solutions Private Limited, Hector Energy Solutions Private Limited, Scoop Energy Solutions Private Limited, Convertertec Energy Solutions India Private Limited, Ghanpriya Energy Solution Private Limited and 5 more, all in the Cleantech industry (Energy Solutions).
Uma Shivayogi Math was appointed as Director on 03 Feb 2005. Choudaiah Mahantaiah Shivayogimath was appointed as Managing Director on 11 Nov 2002.
Solpower India can be reached through the website solpowerindia.co.in. Its registered office is in Navi Mumbai, Maharashtra, India.