About Sun-Power Metalics Private Limited
Data last updated:
Sun-Power Metalics Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the metals retail and distribution segment of the metals and mining sector. It was incorporated on 18 January 2014.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2014PTC252236. Its GSTIN is 27AAUCS1258H1ZW (Maharashtra). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹16.78 Cr. It was formerly known as Sun-Power Trading Private Limited. It is led by directors including Vickaash Agarwal and Rajan Garg (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 04 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2021, the company reported a revenue of ₹90.22 Cr, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹11.96 Cr (net margin -13.3%) and EBITDA of -₹4.68 Cr (EBITDA margin -5.2%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 17% over five years.
As per MCA filings, the company has open charges of ₹52.27 Cr and satisfied charges of ₹4 Cr on record. Court records list 27 cases involving the company, including 2 filed by the company and 25 filed against it; 7 cases are pending. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in March 2019. Its 6 peer companies in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 1 smaller; the largest is Vossloh Fastening Systems India Private Limited with revenue of ₹90.98 Cr.
The last known website on record is sunpowergrp.com.
Company details
Contact details
Sun-Power Metalics Private Limited's registered office is in Mumbai, Maharashtra. Its website is sunpowergrp.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressOffice No – 810 Tandice 69 Govindnagar Andheri – Kurla Rd Nr.Darpan Tele.Exchange, Andheri – E, Mumbai, Maharashtra, India – 400093
- IndustryMetals and Minerals, Metal Retail & Distribution
To see the full contact details of Sun-Power Metalics 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 Sun-Power Metalics 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 Sun-Power Metalics Private Limited, buy the company report.
Financials of Sun-Power Metalics Private Limited
FY 2021 filings availableSun-Power Metalics Private Limited reported revenue of ₹90.22 Cr (down 64% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 64% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 181% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹90.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.96 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5.2% | ||||
| Net Profit Margin | -13.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Sun-Power Metalics Private Limited, buy the company report.
Board of directors of Sun-Power Metalics Private Limited
Sun-Power Metalics has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santosh Kondiram Chikane | Additional Director | 01 Mar 2021 | 5 Years 7 Months | As last reported |
| Vickaash Agarwal Also directs: Inesh Hometexx LLP, Kokila Mining Private Limited, Aquaries Infracom Private Limited and 4 more | Director | 04 Feb 2014 | 12 Years 8 Months | As last reported |
| Rajan Garg Also directs: Truly Highdreams Realtors LLP | Irp/Rp/Liquidator | 17 Jan 2024 | 2 Years 9 Months | As last reported |
| Milind Balkrishna Kasodekar | Irp/Rp/Liquidator | 07 May 2025 | 1 Years 5 Months | As last reported |
Peer comparison
Sun-Power Metalics Private Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vossloh Fastening Systems India Private Limited | ₹90.98 Cr (FY 2025) | 71.0% | New Delhi, Delhi, India | |||
| Haryana Steel Supply Company Private Limited | ₹90.94 Cr (FY 2024) | 6.0% | Kolkata, West Bengal, India | |||
| Devika Ventures and Industries Private Limited | ₹90.3 Cr (FY 2024) | -47.0% | Odisha, India | |||
| Tech Nirman Ispat Private Limited | ₹90.29 Cr (FY 2025) | -40.0% | Kolkata, West Bengal, India | |||
| Himgiri Buildcon & Industries Limited | ₹90.22 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Sun-Power Metalics Private Limitedthis company | ₹90.22 Cr (FY 2021) | -₹11.96 Cr | -13.3% | -64.0% | Mumbai, Maharashtra, India | |
| Arcelormittal Projects India Private Limited | ₹90.21 Cr (FY 2025) | -61.0% | Thane, Maharashtra, India |
To see the full peer comparison of Sun-Power Metalics Private Limited, buy the company report.
Auditor
Sun-Power Metalics Private Limited is audited by S.M. Bhat & Associates for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.M. Bhat & Associates | FY 2021 | 131347W |
Shareholding
The shareholding of Sun-Power Metalics Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sun-Power Metalics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Jan 2021 | 100406989 | Others | ₹94.9 Lakh | Open | |
| 28 Dec 2020 | 100410060 | Others | ₹2 Cr | Open | |
| 29 Oct 2020 | 100381547 | Standard Chartered Bank | ₹1.86 Cr | Open | |
| 27 May 2020 | 100338439 | Others | ₹4 Cr | Open | |
| 29 Nov 2019 | 100311103 | Standard Chartered Bank | ₹9.3 Cr | Open |
To see the full charge records of Sun-Power Metalics Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Sun-Power Metalics Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in March 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹11.94 Cr | Investors: Priyambda Realcomm Private Limited , Kids Campus Education Private Limited , 2 individuals |
| Mar 2018 | Rights issue | ₹7.5 Cr | Investors: Priyambda Realcomm Private Limited , an individual |
| Jan 2017 | Rights issue | ₹2 Cr | Investors: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sun-Power Metalics Private Limited has 27 court cases on record: 2 filed by Sun-Power Metalics, 25 filed against it. 7 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 20 | 7 |
| High courts | 7 | 5 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by The Federal Bank Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S. Volvo Financial Services (India) Private Limited | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Ambit Finvest Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by HDFC Bank Ltd | Disposed |
To see the full case history of Sun-Power Metalics 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
Sun-Power Metalics Private Limited was last rated by Brickwork on 22 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 22 Sep 2021 |
To see the full credit ratings and regulatory alerts of Sun-Power Metalics Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sun-Power Metalics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sun-Power Metalics has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS1258H1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sun-Power Metalics Private Limited, buy the company report.
Recent activity
Sun-Power Metalics Private Limited has 12 board changes on record since 2014: 4 appointments and 8 cessations. The latest: Milind Balkrishna Kasodekar was appointed as Irp/Rp/Liquidator on 07 May 2025.
21 earlier events are in the company report.
Frequently asked questions
Sun-Power Metalics is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Sun-Power Metalics is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in metal retail and distribution, within the metals and minerals industry. It was incorporated on 18 January 2014 and is registered under CIN U51909MH2014PTC252236. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Sun-Power Metalics has 4 current directors:
- Santosh Kondiram Chikane - Additional Director
- Vickaash Agarwal - Director
- Rajan Garg - Irp/Rp/Liquidator
- Milind Balkrishna Kasodekar - Irp/Rp/Liquidator
The latest financial statements of Sun-Power Metalics on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 04 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sun-Power Metalics is U51909MH2014PTC252236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sun-Power Metalics has open charges of ₹52.27 Cr and satisfied charges of ₹4 Cr as per latest MCA filings.
Sun-Power Metalics has 27 court cases on record: 2 filed by the company and 25 filed against it. 7 are pending. Most are in the district courts.
Sun-Power Metalics was incorporated on 18 January 2014. It is registered with the Registrar of Companies, Mumbai.
Sun-Power Metalics has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in March 2019.
The peers of Sun-Power Metalics by revenue are Vossloh Fastening Systems India Private Limited, Haryana Steel Supply Company Private Limited, Devika Ventures and Industries Private Limited, Tech Nirman Ispat Private Limited, Himgiri Buildcon & Industries Limited and 1 more, all in the Metals and Minerals industry (Metal Retail and Distribution), with the same principal business activity (wholesale trading).
Milind Balkrishna Kasodekar was appointed as Irp/Rp/Liquidator on 07 May 2025. Rajan Garg was appointed as Irp/Rp/Liquidator on 17 Jan 2024. Deepali Ravindra Musale ceased to be Company Secretary on 25 Feb 2023. Sun-Power Metalics has 12 board changes on record in total.