India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Khurshed Y Daruvala ₹1,000 Cr
Revenue · FY 2023
₹480.33 Cr
▲ 17% YoY
Net profit · FY 2023
₹10.17 Cr
Net margin 2.1%
EBITDA · FY 2023
₹16.56 Cr
EBITDA margin 3.4%
Authorised capital
₹250.1 Cr
Registered with MCA
Paid-up capital
₹161.26 Cr
Issued & subscribed
Open charges
₹588.07 Cr
Satisfied ₹209.82 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
353
Provident fund records
About Sterling Green Power Solutions Private Limited
Data last updated:
Sterling Green Power Solutions Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Shapoorji Pallonji And Company Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 22 May 1995 and has been in existence for over 31 years.
Its director Khurshed Y Daruvala is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH1995PTC088637. Its GSTIN is 27AACCS2107H1ZO (Maharashtra). The company holds 29 GST registrations, of which 25 are active.
The company has an authorised share capital of ₹250.1 Cr and a paid-up capital of ₹161.26 Cr. It was formerly known as Sterling and Wilson Turnkey Projects Private Limited and Sterling and Wilson Powergen Private Limited. It is led by directors Zarine Yazdi Daruvala and Khurshed Yazdi Daruvala.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10th Floor Universal Majestic P L Lokhande Marg Chembur, Mumbai, Maharashtra, India – 400043.
As per the financials filed for FY 2023, the company reported a revenue of ₹480.33 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹10.17 Cr (net margin 2.1%) and EBITDA of ₹16.56 Cr (EBITDA margin 3.4%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 5% over five years.
The company has about 353 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹588.07 Cr and satisfied charges of ₹209.82 Cr on record. Court records list 17 cases involving the company, including 14 filed by the company and 3 filed against it; 1 case is pending. The company has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹71.25 Cr; the latest was in March 2024. The company has 52 MSME Form 1 returns on record between 2015 and 2024, listing 8,325 overdue payments to 737 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 sterlinggenerators.com.
Company details
CIN U70100MH1995PTC088637
Registration Number 088637
Incorporation Date 22 May 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Shapoorji Pallonji And Company Private Limited
Compliance Status Active Compliant
Name history
Sterling Green Power Solutions has undergone 2 name changes throughout its history. The company was previously known as Sterling And Wilson Turnkey Projects Private Limited, and Sterling And Wilson Powergen Private Limited. The current legal name is Sterling Green Power Solutions Private Limited.
| Company Name | Status |
|---|---|
| Sterling Green Power Solutions Private Limited | Current |
| Sterling And Wilson Turnkey Projects Private Limited | Previous |
| Sterling And Wilson Powergen Private Limited | Previous |
Recognitions & Rankings of Sterling Green Power Solutions
Contact details
Sterling Green Power Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is sterlinggenerators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address10th Floor Universal Majestic P L Lokhande Marg Chembur, Mumbai, Maharashtra, India – 400043
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Sterling Green Power Solutions Private Limited, buy the company report.
Comprehensive company report
Sterling Green Power Solutions 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Sterling Green Power Solutions Private Limited
FY 2025 filings availableSterling Green Power Solutions Private Limited reported revenue of ₹480.33 Cr (up 17% YoY) for FY 2023.
Revenue · FY 2023
₹480.33 Cr ▲ 17%
Net profit · FY 2023
₹10.17 Cr margin 2.1%
EBITDA · FY 2023
₹16.56 Cr margin 3.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▼ 10%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 85%
3 years · compounded
▲ 43%
5 years · compounded
▲ 17%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 17% growth in the latest year. EBITDA rose 85% 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 | ₹480.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.56 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.17 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.4% | ||||
| Net Profit Margin | 2.1% | ||||
| 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 Sterling Green Power Solutions Private Limited, buy the company report.
Board of directors of Sterling Green Power Solutions Private Limited
Sterling Green Power Solutions has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zarine Yazdi Daruvala | Director | 22 May 1995 | 31 Years 5 Months | Current |
| Khurshed Yazdi Daruvala | Director | 22 May 1995 | 31 Years 5 Months | Current |
Auditor
Sterling Green Power Solutions Private Limited is audited by BSR & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Co. LLP | FY 2023 | 101248W / W-100022 |
Shareholding
The shareholding of Sterling Green Power Solutions Private 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 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sterling Green Power Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹588.07 Cr
Satisfied charges
₹209.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Oct 2024 | 100992901 | Others | ₹151.88 Cr | Open | |
| 20 Sep 2024 | 100987546 | Others | ₹140 Cr | Open | |
| 27 Jun 2024 | 100949128 | Others | ₹89.95 Cr | Open | |
| 22 Mar 2024 | 100897078 | Others | ₹17.46 Lakh | Open | |
| 22 Mar 2024 | 100897086 | Others | ₹15.39 Lakh | Open |
To see the full charge records of Sterling Green Power Solutions Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Sterling Green Power Solutions Private Limited has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹71.25 Cr; the latest was in March 2024.
Total deals
7
Secondary share transfers
4
Funding rounds
3
Disclosed funding
₹71.25 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Sterling and Wilson Private Limited |
| Oct 2020 | Funding round | ₹5.2 Lakh | Investors: Shapoorji Pallonji and Company Private Limited , 3 individuals |
| Sep 2008 | Funding round | ₹10 Cr | Investors: Shapoorji Pallonji and Company Private Limited |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Shapoorji Pallonji and Company Private Limited Seller: Grand View Estates Private Limited |
To see the full deal history of Sterling Green Power Solutions 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
Sterling Green Power Solutions Private Limited has 17 court cases on record: 14 filed by Sterling Green Power Solutions, 3 filed against it. 1 case is pending and 16 are disposed.
Total cases
17
Filed by the company
14
Filed against the company
3
Pending
1
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 1 | 0 |
| District courts | 5 | 2 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Arbitration matter | Filed against the company by M/S Ireo Waterfront Pvt. Ltd. | Pending |
| Bombay High Court | Court case (CARAP) | Filed by the company against Ion Exchange (India) Limited | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Mighty Construction Private Limited and 2 others | Disposed |
| District court, Kamrup Metro, Assam | Court case (Money Execution(arbitration)) | Filed by the company against Oil India Limited | Disposed |
| District court, Kamrup Metro, Assam | Interim or miscellaneous application | Filed against the company by Oil India Limited | Disposed |
To see the full case history of Sterling Green Power Solutions 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
Sterling Green Power Solutions Private Limited was last rated by Care on 29 Sep 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Sep 2022 |
To see the full credit ratings and regulatory alerts of Sterling Green Power Solutions Private Limited, buy the company report.
MSME payment delays
Sterling Green Power Solutions Private Limited has 52 MSME Form 1 returns on record between 2015 and 2024, listing 8,325 overdue payments to 737 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 737)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| M/S Shivgiri Resort | |||
| an individual supplier | |||
| an individual supplier | |||
| Satyam Enterprises Pune Private Limited |
To see the full MSME payment records of Sterling Green Power Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sterling Green Power Solutions has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sterling Viking Power Private Limited | U74999DL1996PTC083281 |
To see the full group structure of Sterling Green Power Solutions Private Limited, buy the company report.
Employees & EPFO
Sterling Green Power Solutions Private Limited has a workforce of 353 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
353
Active EPFO establishments
1
Employee growth
-7.83%
GST
Sterling Green Power Solutions has 29 GST registrations: 25 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
29
Active
25
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCS2107H1ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AACCS2107H2ZN | Maharashtra | Active | 09 Jul 2017 |
| 02AACCS2107H1Z0 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AACCS2107H1ZY | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sterling Green Power Solutions Private Limited, buy the company report.
Recent activity
Sterling Green Power Solutions Private Limited has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Kunal Prakash Shah was appointed as Company Secretary on 07 Nov 2024.
Charges
A charge with Others of Rs. 151.88 Cr registered on 04 Oct 2024 with Charge ID 100992901 was modified on 08 Oct 2025.
AGM
Sterling Green Power Solutions Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 140.00 Cr registered on 20 Sep 2024 with Charge ID 100987546 was modified on 03 Sep 2025.
Filing
Sterling Green Power Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others of Rs. 89.95 Cr registered on 27 Jun 2024 with Charge ID 100949128 was modified on 22 Jan 2025.
Charges
A charge registered on 14 May 2012 via Charge ID 10362698 with Others was fully satisfied on 13 Nov 2024.
Appointed
Kunal Prakash Shah was appointed as Company Secretary.
Ceased
Shivkumar Vaishy Bholanath ceased to be Company Secretary.
Charges
A charge registered on 13 Jun 2019 via Charge ID 100268730 with Others was fully satisfied on 19 Oct 2024.
Charges
A charge with Others amounted to Rs. 151.88 Cr with Charge ID 100992901 was registered on 04 Oct 2024.
Charges
A charge with Others amounted to Rs. 140.00 Cr with Charge ID 100987546 was registered on 20 Sep 2024.
Charges
A charge with Others amounted to Rs. 89.95 Cr with Charge ID 100949128 was registered on 27 Jun 2024.
23 earlier events are in the company report.
Frequently asked questions
Sterling Green Power Solutions is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 22 May 1995 (31+ years old) and is registered under CIN U70100MH1995PTC088637.
Sterling Green Power Solutions has 2 current directors:
- Zarine Yazdi Daruvala - Director
- Khurshed Yazdi Daruvala - Director
The latest financial statements of Sterling Green Power Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sterling Green Power Solutions is 27AACCS2107H1ZO, registered in Maharashtra. The company has 29 GST registrations in all, of which 25 are active and 4 are cancelled or inactive. Other active GSTINs include 27AACCS2107H2ZN (Maharashtra), 02AACCS2107H1Z0 (Himachal Pradesh), 03AACCS2107H1ZY (Punjab).
The CIN (Corporate Identification Number) of Sterling Green Power Solutions is U70100MH1995PTC088637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sterling Green Power Solutions has 17 court cases on record: 14 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Sterling Green Power Solutions was incorporated on 22 May 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Sterling Green Power Solutions has 7 deals on record (4 secondary share transfers, 3 funding rounds), with disclosed funding of ₹71.25 Cr; the latest was in March 2024.
Kunal Prakash Shah was appointed as Company Secretary on 07 Nov 2024. Shivkumar Vaishy Bholanath ceased to be Company Secretary on 06 Nov 2024. Kainaz Khurshed Daruvalla ceased to be Director on 22 Feb 2019. Sterling Green Power Solutions has 5 board changes on record in total.
Sterling Green Power Solutions has 52 MSME Form 1 returns on record between 2015 and 2024, listing 8,325 overdue payments to 737 micro and small suppliers. The latest return was filed on 21 Jun 2024.
Sterling Green Power Solutions can be reached through the website sterlinggenerators.com. Its registered office is in Mumbai, Maharashtra, India.