About Sungrid Electric Private Limited
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Sungrid Electric Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 31 May 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U52602HR2013PTC049406. Its GSTIN is 06AAHCP2226P1Z5 (Haryana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Param Arises Private Limited. It is led by directors Vikas Choudhary and Jagvinder Singh.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Shop No.10 Opposite Main Maruti Kunj Gate Bhondsi, Gurgaon, Haryana, India – 122001.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.26 Cr, a growth of 42% compared to the previous year. For the same year it recorded a net profit of ₹4.15 Lakh (net margin 0.6%) and EBITDA of ₹12.47 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years.
Court records list 6 cases involving the company, including 6 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sungridelectric.com.
Company details
Contact details
Sungrid Electric Private Limited's registered office is in Gurgaon, Haryana. Its website is sungridelectric.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressShop No.10 Opposite Main Maruti Kunj Gate Bhondsi, Gurgaon, Haryana, India – 122001
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Sungrid Electric 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 Sungrid Electric is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sungrid Electric Private Limited, buy the company report.
Financials of Sungrid Electric Private Limited
FY 2019 filings availableSungrid Electric Private Limited reported revenue of ₹7.26 Cr (up 42% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 48% over three years, including 42% growth in the latest year. EBITDA rose 184% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹7.26 Cr | ||||
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| EBITDA | ₹12.47 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹4.15 Lakh | ||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 0.6% | ||||
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To see the full financial statements and ratios of Sungrid Electric Private Limited, buy the company report.
Board of directors of Sungrid Electric Private Limited
Sungrid Electric has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Choudhary | Director | 28 Jun 2014 | 12 Years 4 Months | Current |
| Jagvinder Singh | Director | 07 Aug 2014 | 12 Years 2 Months | Current |
Auditor
Sungrid Electric Private Limited is audited by S K SINGLA & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K SINGLA & ASSOCIATES | FY 2019 | 005903N |
Shareholding
The shareholding of Sungrid Electric Private Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sungrid Electric Private Limited, buy the company report.
Legal cases
Sungrid Electric Private Limited has 6 court cases on record: 6 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 1 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by Icici Bank Ltd | Disposed |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by M/S Energy Tech Solutions | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Creative Green Power Solutions | Disposed |
| District court, Gurugram, Haryana | Commercial suit | Filed against the company by an individual | Disposed |
| District court, Gurugram, Haryana | Execution petition | Filed against the company by Bajaj Finace Limited Through Its Authorizes Representative Deepak Singh Nayak | Disposed |
To see the full case history of Sungrid Electric 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sungrid Electric Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sungrid Electric has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCP2226P1Z5 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sungrid Electric Private Limited, buy the company report.
Recent activity
Sungrid Electric Private Limited has 6 board changes on record since 2014: 2 appointments and 4 cessations. The latest: Param Saharan ceased to be Director on 22 Jan 2015.
Frequently asked questions
Sungrid Electric is an active private limited company based in Gurgaon, Haryana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 31 May 2013 (13+ years old) and is registered under CIN U52602HR2013PTC049406.
Sungrid Electric has 2 current directors:
- Vikas Choudhary - Director
- Jagvinder Singh - Director
The latest financial statements of Sungrid Electric on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Sungrid Electric is 06AAHCP2226P1Z5, registered in Haryana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Sungrid Electric is U52602HR2013PTC049406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sungrid Electric has 6 court cases on record: 6 filed against it. 1 is pending.
Sungrid Electric was incorporated on 31 May 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
Param Saharan ceased to be Director on 22 Jan 2015. Jagvinder Singh ceased to be Additional Director on 21 Oct 2014. Vikas Choudhary ceased to be Additional Director on 21 Oct 2014. Sungrid Electric has 6 board changes on record in total.
Sungrid Electric can be reached through the website sungridelectric.com. Its registered office is in Gurgaon, Haryana, India.
The registered office of Sungrid Electric is at Shop No.10 Opposite Main Maruti Kunj Gate Bhondsi, Gurgaon, Haryana, India – 122001.
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