About Sprng Solar India Private Limited
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Sprng Solar India Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Sprng Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300DL2013FTC262008. Its GSTIN is 29AACCF3145J1ZK (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75.87 Cr and a paid-up capital of ₹75.87 Cr. It was formerly known as Finnshakti Energy Private Limited and Fortum Tarapur Heat Private Limited. It is led by directors including Puneet Upadhyay and Nikhil Gupta.
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 Unit No Ff – 48 A First Floor Omaxe Square Plot No.14 Jasola District Centre, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2025, the company reported a revenue of ₹183.88 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net loss of ₹2.76 Cr (net margin -1.5%) and EBITDA of ₹158.79 Cr (EBITDA margin 86.4%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 12% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹920 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 9 deals on record (4 rights issues, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹1,823.28 Cr; the latest was in November 2023. Its 9 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 4 smaller; the largest is Arinsun Clean Energy Private Limited with revenue of ₹190.1 Cr. The company has 2 MSME Form 1 returns on record between 2021 and 2022, listing 16 overdue payments to 10 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fortum.com.
Company details
Name history
Sprng Solar India has undergone 4 name changes throughout its history. The current legal name is Sprng Solar India Private Limited.
| Company Name | Status |
|---|---|
| Sprng Solar India Private Limited | Current |
| Finnshakti Energy Private Limited | Previous |
| Fortum Tarapur Heat Private Limited | Previous |
| Finnshakthi Energy Privaete Limited | Previous |
| Fortum Solar India Private Limited | Previous |
Contact details
Sprng Solar India Private Limited's registered office is in New Delhi, Delhi. Its website is fortum.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No Ff – 48 A First Floor Omaxe Square Plot No.14 Jasola District Centre, New Delhi, Delhi, India – 110025
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Sprng Solar India 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 Sprng Solar India 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 Sprng Solar India Private Limited, buy the company report.
Financials of Sprng Solar India Private Limited
FY 2025 filings availableSprng Solar India Private Limited reported revenue of ₹183.88 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 4% 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 | ₹158.79 Cr | ||||
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| Net Profit (PAT) | -₹2.76 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 | 86.4% | ||||
| Net Profit Margin | -1.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sprng Solar India Private Limited, buy the company report.
Board of directors and KMP of Sprng Solar India Private Limited
Sprng Solar India Private Limited currently reports 3 directors and 1 key managerial person. 19 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Sood Also directs: Sprng Ujjvala Energy Private Limited, Sprng Green Power Private Limited, Sprng Soura Kiran Vidyut Private Limited and 5 more | Ceo | 08 Oct 2021 | 5 Years 0 Months | Current |
| Puneet Upadhyay Also directs: Sprng Ujjvala Energy Private Limited, Sprng Soura Kiran Vidyut Private Limited, Sprng Alt Energy Private Limited and 5 more | Director | 08 Aug 2023 | 3 Years 2 Months | Current |
| Nikhil Gupta Also directs: Sprng Photovoltaic Private Limited, Arinsun Clean Energy Private Limited, Sprng Green Energy Seven Private Limited and 5 more | Director | 08 Aug 2023 | 3 Years 2 Months | Current |
| Gujjalapud Subbarayulunaidu Bangarubabu Also directs: Sprng Ujjvala Energy Private Limited, Sprng Green Power Private Limited, Sprng Soura Kiran Vidyut Private Limited and 5 more | Director | 05 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Sprng Solar India 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 |
|---|---|---|---|---|---|---|
| Arinsun Clean Energy Private Limited | ₹190.1 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Avaada Sustainable Rjproject Private Limited | ₹189.02 Cr (FY 2025) | -6.0% | Noida, Uttar Pradesh, India | |||
| Sprng Agnitra Private Limited | ₹187.8 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Solzen Urja Private Limited | ₹185.93 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Kpig Energia Private Limited | ₹185.16 Cr (FY 2025) | -32.0% | Surat, Gujarat, India | |||
| Sprng Solar India Private Limitedthis company | ₹183.88 Cr (FY 2025) | -₹2.76 Cr | -1.5% | -5.0% | 1 | New Delhi, Delhi, India |
| Emergent Solren Private Limited | ₹181.38 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Karnataka Solar Power Development Corporation Limited | ₹180.03 Cr (FY 2025) | 6.0% | Bangalore, Karnataka, India | |||
| Ayana Renewable Power One Private Limited | ₹178.62 Cr (FY 2025) | -4.0% | Bangalore, Karnataka, India | |||
| Gentari Renewables Finnsurya Energy Private Limited | ₹177.66 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Sprng Solar India Private Limited, buy the company report.
Auditor
Sprng Solar India Private Limited is audited by S R B C & CO LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2022 | 324982E/E300003 |
Shareholding
The shareholding of Sprng Solar India 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 Sprng Solar India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2020 | 100323301 | State Bank of India | ₹42 Cr | Satisfied | |
| 24 Jan 2020 | 100323306 | State Bank of India | ₹878 Cr | Satisfied |
To see the full charge records of Sprng Solar India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Sprng Solar India Private Limited has 9 deals on record (4 rights issues, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹1,823.28 Cr; the latest was in November 2023.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Sprng Energy Private Limited & Abhishek Bansal, Solenergi Power Private Limited Seller: 2 individuals |
| Oct 2021 | Secondary share transfer | Undisclosed | Buyer: Sprng Energy Private Limited Seller: an individual |
| Dec 2018 | Rights issue | ₹64 Cr | Investors: an individual |
| Mar 2018 | Rights issue | ₹5.5 Cr | Investors: an individual |
| Mar 2016 | Rights issue | ₹6 Cr | Investors: an individual |
To see the full deal history of Sprng Solar India 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
Sprng Solar India Private Limited has 1 court case on record: 1 filed by Sprng Solar India. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against Karnataka Solar Power Development Corporation Limited and 2 others | Pending |
To see the full case history of Sprng Solar India 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.
Credit ratings & regulatory alerts
Sprng Solar India Private Limited was last rated by Crisil on 30 Jan 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Jan 2020 |
To see the full credit ratings and regulatory alerts of Sprng Solar India Private Limited, buy the company report.
MSME payment delays
Sprng Solar India Private Limited has 2 MSME Form 1 returns on record between 2021 and 2022, listing 16 overdue payments to 10 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 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| MNK and Associates LLP | |||
| an individual supplier | |||
| Mufg Intime India Private Limited | |||
| Wise Travel India Limited | |||
| Kana and Associates |
To see the full MSME payment records of Sprng Solar India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sprng Solar India Private Limited has a workforce of 1 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Sprng Solar India has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF3145J1ZK | Karnataka | Active | 10 Jul 2018 |
To see the full GST registrations and return filing status of Sprng Solar India Private Limited, buy the company report.
Recent activity
Sprng Solar India Private Limited has 40 board changes on record since 2013: 22 appointments and 18 cessations. The latest: Shashank Kumar ceased to be Additional Director on 09 Aug 2023.
36 earlier events are in the company report.
News
Frequently asked questions
Sprng Solar India is an active foreign 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 December 2013 (13+ years old) and is registered under CIN U40300DL2013FTC262008.
Sprng Solar India has 4 current directors and KMP:
- Puneet Upadhyay - Director
- Nikhil Gupta - Director
- Gujjalapud Subbarayulunaidu Bangarubabu - Director
- Gaurav Sood - Ceo
The latest financial statements of Sprng Solar India 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 Sprng Solar India is 29AACCF3145J1ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Sprng Solar India is U40300DL2013FTC262008. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sprng Solar India has 1 court case on record: 1 filed by the company. 1 is pending.
Sprng Solar India was incorporated on 11 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Sprng Solar India has 9 deals on record (4 rights issues, 2 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹1,823.28 Cr; the latest was in November 2023.
The peers of Sprng Solar India by revenue are Arinsun Clean Energy Private Limited, Avaada Sustainable Rjproject Private Limited, Sprng Agnitra Private Limited, Solzen Urja Private Limited, Kpig Energia Private Limited and 4 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Shashank Kumar ceased to be Additional Director on 09 Aug 2023. Nikhil Gupta was appointed as Director on 08 Aug 2023. Puneet Upadhyay was appointed as Director on 08 Aug 2023. Sprng Solar India has 40 board changes on record in total.
Sprng Solar India has 2 MSME Form 1 returns on record between 2021 and 2022, listing 16 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Sprng Solar India can be reached through the website fortum.com. Its registered office is in New Delhi, Delhi, India.
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