About Sova Solar Limited
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Sova Solar Limited is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Suresh Sova Property Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 12 June 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74999WB1996PLC080016. Its GSTIN is 19AAHCS4674A1ZA (West Bengal). The company holds 9 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.23 Cr. It was formerly known as Sova Commercial Pvt Ltd and Sova Power Private Limited. It is led by directors including Subrata Mukherjee (Managing Director) and Ranendra Chakraborty.
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 Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹523.77 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹39.96 Cr (net margin 7.6%) and EBITDA of ₹65.44 Cr (EBITDA margin 12.5%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 136% over five years.
The company has about 76 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Ferus Energies and Sova Solar. As per MCA filings, the company has open charges of ₹412.23 Cr and satisfied charges of ₹179.83 Cr on record. Court records list 24 cases involving the company, including 20 filed by the company and 4 filed against it; 7 cases are pending. The company has 18 deals on record (13 secondary share transfers, 5 funding rounds), with disclosed funding of ₹19.52 Cr; the latest was in March 2023. Its 10 peer companies in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 5 smaller; the largest is Borgwarner Cooling Systems (India) Private Limited with revenue of ₹529.69 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sovasolar.com.
Company details
Name history
Sova Solar has undergone 4 name changes throughout its history. The current legal name is Sova Solar Limited.
| Company Name | Status |
|---|---|
| Sova Solar Limited | Current |
| Sova Commercial Pvt Ltd | Previous |
| Sova Power Private Limited | Previous |
| Sova Power Limited | Previous |
| Sova Commercial Limited | Previous |
CIN history
Sova Solar has one previous CIN (Corporate Identification Number): U74999WB1996PTC080016. The current CIN is U74999WB1996PLC080016, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999WB1996PLC080016 | Current |
| U74999WB1996PTC080016 | Previous |
Contact details
Sova Solar Limited's registered office is in Kolkata, West Bengal. Its website is sovasolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressDLF Galleria Office No. Dgk 917 9th Floor 9th Floor Block No. Bg – 8 Aa – Ib New To, Wn, Kolkata, West Bengal, India – 700156
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Sova Solar 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
Brands
Sova Solar operates two associated brands: Ferus Energies and Sova Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ferus Energies manufactures solar products like water heaters, rooftops, pumps, and street lights. | ferusenergies.com | |
| Solar modules and PERC cells are manufactured and provided. | sovasolar.com |
Business activity
The main business activity of Sova Solar is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Sova Solar Limited, buy the company report.
Financials of Sova Solar Limited
FY 2025 filings availableSova Solar Limited reported revenue of ₹523.77 Cr (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 136% over five years, including 58% growth in the latest year. EBITDA rose 23% 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 | ₹65.44 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹39.96 Cr | ||||
| Balance Sheet | |||||
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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 | 12.5% | ||||
| Net Profit Margin | 7.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Sova Solar Limited, buy the company report.
Board of directors of Sova Solar Limited
Sova Solar has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranendra Chakraborty | Director | 01 Dec 2011 | 14 Years 10 Months | Current |
| Pradip Ganguly | Director | 05 Mar 2019 | 7 Years 7 Months | Current |
| Sanjeev Kumar Shukla Also directs: R.K.Wire Products Ltd, Inset Techlab Private Limited | Director | 17 Jul 2017 | 9 Years 3 Months | Current |
| Santi Ranjan Mukherjee | Director | 29 Oct 2019 | 7 Years 0 Months | Current |
| Subrata Mukherjee | Managing Director | 01 Apr 2004 | 22 Years 6 Months | Current |
| Gopa Mukherjee Also directs: Suresh Sova Property Private Limited | Director | 16 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Sova Solar Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Borgwarner Cooling Systems (India) Private Limited | ₹529.69 Cr (FY 2025) | 0.0% | Sriperumbudur, Tamil Nadu, India | |||
| Kumar Precision Stampings Private Limited | ₹529.55 Cr (FY 2025) | 27.0% | Bahadurgarh, Haryana, India | |||
| Sterling Generators Private Limited | ₹529.42 Cr (FY 2019) | -24.0% | Mumbai, Maharashtra, India | |||
| Tibrewala Electromech Pvt Ltd | ₹526.99 Cr (FY 2025) | 2.0% | Hyderabad, Telangana, India | |||
| Amara Raja Advanced Cell Technologies Private Limited | ₹525.05 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India | |||
| Sova Solar Limitedthis company | ₹523.77 Cr (FY 2025) | ₹39.96 Cr | 7.6% | 58.0% | 76 | Kolkata, West Bengal, India |
| JPM Industries Limited | ₹522.26 Cr (FY 2024) | 41.0% | Delhi, India | |||
| Avi Renewable Energy Private Limited | ₹520.37 Cr (FY 2025) | 42.0% | Ahmedabad, Gujarat, India | |||
| Modine Thermal Systems Private Limited | ₹519.87 Cr (FY 2025) | -3.0% | Sunguvarchatiram, Tamil Nadu, India | |||
| Samsung Sdi India Private Limited | ₹517.6 Cr (FY 2025) | -44.0% | Noida, Uttar Pradesh, India | |||
| Elica PB Whirlpool Kitchen Appliances Private Limited | ₹516.57 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India |
To see the full peer comparison of Sova Solar Limited, buy the company report.
Auditor
Sova Solar Limited is audited by BHANDARI B.C. & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHANDARI B.C. & CO. | FY 2024 | 311082E |
Shareholding
The shareholding of Sova Solar 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 Sova Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2024 | 100924500 | State Bank of India | ₹206 Cr | Open | |
| 17 Oct 2022 | 100626720 | Others | ₹206 Cr | Open | |
| 21 Dec 2020 | 100438576 | Hdfc Bank Limited | ₹23 Lakh | Open | |
| 06 Dec 2023 | 100829391 | Axis Bank Limited | ₹40 Cr | Satisfied | |
| 18 Mar 2022 | 100565556 | Others | ₹48.5 Cr | Satisfied |
To see the full charge records of Sova Solar Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Sova Solar Limited has 18 deals on record (13 secondary share transfers, 5 funding rounds), with disclosed funding of ₹19.52 Cr; the latest was in March 2023.
Deals on record (5 of 18)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: JCC Holding Private Limited , Maha Coal Tie Up Private Limited, Sky High Minerals Private Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: JCC Holding Private Limited , Maha Coal Tie Up Private Limited, Rosemary Dealcom Private Limited , an individual Seller: Abhay Commerce Pvt. Ltd. , N T Marketing Pvt Ltd , 2 individuals |
| Jan 2011 | Secondary share transfer | Undisclosed | Buyer: Suresh Sova Propoerties Private Limited Seller: Trishul Vinimay Pvt. Ltd. , Silicon Vyapaar Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Silicon Vyapaar Private Limited , Trishul Vinimay Pvt. Ltd. , 2 individuals Seller: Pluto Finance Limited, Hilltop Commercial Private Limited , N T Marketing Pvt Ltd |
| Jul 2009 | Funding round | ₹4.5 Cr | Investors: Haripriya Dealers Private Limited , Hanuman Niketan Private Limited, Prateek Agencies Private Limited |
To see the full deal history of Sova Solar 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
Sova Solar Limited has 24 court cases on record: 20 filed by Sova Solar, 4 filed against it. 7 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 3 | 4 |
| Supreme Court | 4 | 1 | 3 |
| District courts | 3 | 0 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against West Bengal Industrial Development Corporation | Pending |
| Calcutta High Court | Court case (AP-COM) | Filed against the company by Amiya Commerce and Construction Co Private Limited | Disposed |
| Supreme Court | Court case | Filed by the company against The State of West Bengal | Pending |
| High Court, West Bengal | Writ petition | Filed by the company against State of West Bengal and Ors. | Pending |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by West Bengal Industrial Development Corporation Authorized Signatory Debasis Konar Registered Office at 23, Abanindranath Tagore Sarani ,Kolkata , West Bengal | Pending |
To see the full case history of Sova Solar 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 Sova Solar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sova Solar Limited has a workforce of 76 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Sova Solar has 9 GST registrations: 5 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCS4674A1ZA | West Bengal | Active | 01 Jul 2017 |
| 19AAHCS4674A2Z9 | West Bengal | Active | 15 Dec 2018 |
| 09AAHCS4674A1ZB | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AAHCS4674A1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sova Solar Limited, buy the company report.
Recent activity
Sova Solar Limited has 19 board changes on record since 2004: 6 appointments and 13 cessations. The latest: Santi Ranjan Mukherjee ceased to be Additional Director on 31 Dec 2020.
26 earlier events are in the company report.
Frequently asked questions
Sova Solar is an active public limited company based in Kolkata, West Bengal, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 12 June 1996 (30+ years old) and is registered under CIN U74999WB1996PLC080016.
Sova Solar has 6 current directors:
- Subrata Mukherjee - Managing Director
- Ranendra Chakraborty - Director
- Pradip Ganguly - Director
- Sanjeev Kumar Shukla - Director
- Santi Ranjan Mukherjee - Director
- Gopa Mukherjee - Director
The latest financial statements of Sova 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 Sova Solar is 19AAHCS4674A1ZA, registered in West Bengal. The company has 9 GST registrations in all, of which 5 are active and 4 are cancelled or inactive. Other active GSTINs include 19AAHCS4674A2Z9 (West Bengal), 09AAHCS4674A1ZB (Uttar Pradesh), 27AAHCS4674A1ZD (Maharashtra).
The CIN (Corporate Identification Number) of Sova Solar is U74999WB1996PLC080016. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sova Solar has 24 court cases on record: 20 filed by the company and 4 filed against it. 7 are pending. Most are in the high courts.
Sova Solar was incorporated on 12 June 1996, making it 30+ years old. It is registered with the Registrar of Companies, Kolkata.
Sova Solar has 18 deals on record (13 secondary share transfers, 5 funding rounds), with disclosed funding of ₹19.52 Cr; the latest was in March 2023.
The peers of Sova Solar by revenue are Borgwarner Cooling Systems (India) Private Limited, Kumar Precision Stampings Private Limited, Sterling Generators Private Limited, Tibrewala Electromech Pvt Ltd, Amara Raja Advanced Cell Technologies Private Limited and 5 more, all in the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Santi Ranjan Mukherjee ceased to be Additional Director on 31 Dec 2020. Gopa Mukherjee was appointed as Director on 16 Jun 2020. Abhijit Banerjee ceased to be Director on 29 Oct 2019. Sova Solar has 19 board changes on record in total.
Sova Solar can be reached through the website sovasolar.com. Its registered office is in Kolkata, West Bengal, India.
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