About Sprng Solar Plus Private Limited
Data last updated:
Sprng Solar Plus Private Limited is a foreign private limited company based in New Delhi, Delhi, India, a subsidiary of Polarsolar B.V., Netherlands. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 03 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U40300DL2018FTC327949. Its GSTIN is 06AADCF2813L1ZQ (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹4.35 Cr. It was formerly known as Fortum Solar Plus Private Limited. It is led by directors including Puneet Upadhyay and Gujjalapud Subbarayulunaidu Bangarubabu.
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 ₹155.12 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹15.41 Cr (net margin 9.9%) and EBITDA of ₹143.4 Cr (EBITDA margin 92.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 77% over five years.
As per MCA filings, the company has open charges of ₹842.46 Cr and satisfied charges of ₹16 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹154 Cr; the latest was in November 2023. Its 10 peer companies in the Infrastructure industry (Power Projects) are compared by revenue, 5 larger and 5 smaller; the largest is Powergrid NM Transmission Limited with revenue of ₹166.46 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 fortum.com.
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- 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
- 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 Sprng Solar Plus Private Limited
The main business activity of Sprng Solar Plus is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | 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 Sprng Solar Plus Private Limited FY 2025 filings available
Sprng Solar Plus Private Limited reported revenue of ₹155.12 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sprng Solar Plus Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 77% over five years, including 4% growth in the latest year. EBITDA rose 6% 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 Sprng Solar Plus 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 | ₹143.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.41 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 of Sprng Solar Plus Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.9% | •••• | •••• | •••• | •••• |
| 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 Sprng Solar Plus are in the company report.
Financial statements from FY 2018
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.
Board of Directors of Sprng Solar Plus Private Limited
Sprng Solar Plus has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puneet Upadhyay Also directs: Sprng Ujjvala Energy Private Limited, Sprng Soura Kiran Vidyut Private Limited, Sprng Solar India Private Limited and 5 more | Director | 29 Sep 2023 | 3 Years 0 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 |
| Rahul Pandurang Ramteke Also directs: Sprng Ujjvala Energy Private Limited, Sprng Transform Sun Energy Private Limited, Sprng Green Energy Six Private Limited and 5 more | Additional Director | 19 Jan 2026 | 0 Years 9 Months | Current |
Peer Comparison of Sprng Solar Plus Private Limited
Sprng Solar Plus Private Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Power Projects). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Powergrid NM Transmission Limited | ₹166.46 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Kashmiri Lal Constructions Private Limited | ₹164.56 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Ranikhet, Uttarakhand, India |
| Lakadia Banaskantha Transco Limited | ₹163.67 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Ahmedabad, Gujarat, India |
| Klasscorp Solutions Private Limited | ₹162.86 Cr (FY 2025) | •••• | •••• | 491.0% | •••• | Bangalore, Karnataka, India |
| Renew Surya Aayan Private Limited | ₹162.3 Cr (FY 2025) | •••• | •••• | 316.0% | •••• | New Delhi, Delhi, India |
| Sprng Solar Plus Private Limited this company | ₹155.12 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Kutchh Power Generation Limited | ₹152.6 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Ahmedabad, Gujarat, India |
| Powerica Renewable Infra Private Limited | ₹151.24 Cr (FY 2025) | •••• | •••• | 1245295.0% | •••• | Mumbai, Maharashtra, India |
| Powersol Metalcraft Limited | ₹150.87 Cr (FY 2025) | •••• | •••• | 1848.0% | •••• | Punjab, India |
| Power Machines (India) Limited | ₹145.63 Cr (FY 2025) | •••• | •••• | 68.0% | •••• | New Delhi, Delhi, India |
| Solararise India Projects Private Limited | ₹144.49 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Sprng Solar Plus by revenue in the Infrastructure industry (Power Projects), 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 Sprng Solar Plus Private Limited
Sprng Solar Plus Private Limited is audited by S R B C & CO LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R B C & CO LLP | 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.
Ownership and Shareholding of Sprng Solar Plus 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 Sprng Solar Plus Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Oct 2021 | Others | ₹842.46 Cr | Open |
| 20 Oct 2021 | Others | ₹16 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Sprng Solar Plus Private Limited
Sprng Solar Plus Private Limited has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹154 Cr; the latest was in November 2023.
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Secondary share transfer | Undisclosed | Buyer: Solenergi Power Private Limited Seller: an individual |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Solenergi Power Private Limited Seller: an individual |
| Jul 2019 | Funding round | ₹56 Cr | Investors: an individual |
| May 2019 | Funding round | ₹16 Cr | Investors: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sprng Solar Plus Private Limited
Sprng Solar Plus Private Limited has 1 court case on record: 1 filed against it. All case is pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Appeal | Filed against the company by Rajasthan Urja Vikas and IT Services Limited and 1 other | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Sprng Solar Plus Private Limited
Employment history and EPFO contributions of people linked to Sprng Solar Plus.
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 Sprng Solar Plus Private Limited
Sprng Solar Plus Private Limited has 23 board changes on record since 2018: 4 appointments and 19 cessations. The latest: Rahul Pandurang Ramteke was appointed as Additional Director on 19 Jan 2026.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Sprng Solar Plus 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 Sprng Solar Plus 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 Sprng Solar Plus 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 Sprng Solar Plus Private Limited
Sprng Solar Plus has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCF2813L1ZQ | Haryana | Active | 29 Sep 2018 |
| 08AADCF2813L1ZM | Rajasthan | Active | 29 Jan 2020 |
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 Sprng Solar Plus 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.
Related news about Sprng Solar Plus Private Limited
Frequently Asked Questions about Sprng Solar Plus Private Limited
Sprng Solar Plus 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 03 January 2018 (8+ years old) and is registered under CIN U40300DL2018FTC327949.
Sprng Solar Plus reported revenue of ₹155.12 Cr for FY 2025 (up 4% YoY).
Sprng Solar Plus has 3 current directors:
- Puneet Upadhyay - Director
- Gujjalapud Subbarayulunaidu Bangarubabu - Director
- Rahul Pandurang Ramteke - Additional Director
Sprng Solar Plus reported a net profit of ₹15.41 Cr (net margin 9.9%) and EBITDA of ₹143.4 Cr (EBITDA margin 92.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sprng Solar Plus is 4% over three years and 77% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sprng Solar Plus is 06AADCF2813L1ZQ, registered in Haryana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AADCF2813L1ZM (Rajasthan).
The CIN (Corporate Identification Number) of Sprng Solar Plus is U40300DL2018FTC327949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sprng Solar Plus has 1 court case on record: 1 filed against it. 1 is pending.
Sprng Solar Plus was incorporated on 03 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
Sprng Solar Plus has 5 deals on record (2 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹154 Cr; the latest was in November 2023.
The peers of Sprng Solar Plus by revenue are Powergrid NM Transmission Limited, Kashmiri Lal Constructions Private Limited, Lakadia Banaskantha Transco Limited, Klasscorp Solutions Private Limited, Renew Surya Aayan Private Limited and 5 more, all in the Infrastructure industry (Power Projects).