About Sunshakti Solar Power Projects Private Limited
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Sunshakti Solar Power Projects Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Power Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74900GJ2015PTC145661. Its GSTIN is 07AAWCS1046B1ZE (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹6.13 Lakh. It is led by directors including Naresh Kalidas Joshi and Nisarg Bimal Shah.
Its last annual general meeting (AGM) was held on 01 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹52.17 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹22.16 Cr (net margin 42.5%) and EBITDA of ₹47.8 Cr (EBITDA margin 91.6%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company is associated with 1 brand: SkyPower. As per MCA filings, the company has satisfied charges of ₹97.15 Cr on record. Court records list 9 cases involving the company, including 8 filed by the company and 1 filed against it; 2 cases are pending. The company has 10 deals on record (5 rights issues, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹37.5 Cr; the latest was in March 2025. Its 5 peer companies in the Cleantech industry (Power Projects, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 2 smaller; the largest is Neo Solren Private Limited with revenue of ₹52.36 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 skypower.com.
Company details
CIN history
Sunshakti Solar Power Projects has one previous CIN (Corporate Identification Number): U74900DL2015PTC283999. The current CIN is U74900GJ2015PTC145661, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900GJ2015PTC145661 | Current |
| U74900DL2015PTC283999 | Previous |
Contact details
Sunshakti Solar Power Projects Private Limited's registered office is in Ahmedabad, Gujarat. Its website is skypower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSamanvay 600 Tapovan, Ambawadi, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Sunshakti Solar Power Projects 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
Brands
Sunshakti Solar Power Projects operates one associated brand: SkyPower. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar energy projects are developed globally by SkyPower. | skypower.com |
Business activity
The main business activity of Sunshakti Solar Power Projects 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 Sunshakti Solar Power Projects Private Limited, buy the company report.
Financials of Sunshakti Solar Power Projects Private Limited
FY 2025 filings availableSunshakti Solar Power Projects Private Limited reported revenue of ₹52.17 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 1% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 2% 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 | ₹47.8 Cr | ||||
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| Net Profit (PAT) | ₹22.16 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 | 91.6% | ||||
| Net Profit Margin | 42.5% | ||||
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To see the full financial statements and ratios of Sunshakti Solar Power Projects Private Limited, buy the company report.
Board of directors of Sunshakti Solar Power Projects Private Limited
Sunshakti Solar Power Projects has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kalidas Joshi Also directs: Torrent Urja 27 Private Limited, Torrent Urja 9 Private Limited, Visual Percept Solar Projects Private Limited and 5 more | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Nisarg Bimal Shah Also directs: Newzone India Private Limited, Newzone India Private Limited, Torrent Urja 18 Private Limited and 5 more | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
| Jigish Bhogilal Mehta Also directs: Newzone India Private Limited, Newzone India Private Limited, Visual Percept Solar Projects Private Limited and 5 more | Director | 13 Jun 2022 | 4 Years 4 Months | Current |
Peer comparison
Sunshakti Solar Power Projects Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Power Projects, 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 |
|---|---|---|---|---|---|---|
| Neo Solren Private Limited | ₹52.36 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Avaada Mhgreen Private Limited | ₹52.25 Cr (FY 2025) | Noida, Uttar Pradesh, India | ||||
| Azure Power (Raj.) Private Limited | ₹52.19 Cr (FY 2025) | -14.0% | New Delhi, Delhi, India | |||
| Sunshakti Solar Power Projects Private Limitedthis company | ₹52.17 Cr (FY 2025) | ₹22.16 Cr | 42.5% | 1.0% | Ahmedabad, Gujarat, India | |
| Athena Hisar Solar Power Private Limited | ₹52.09 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Acme Solar Energy (Madhya Pradesh) Private Limited | ₹51.81 Cr (FY 2025) | -5.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Sunshakti Solar Power Projects Private Limited, buy the company report.
Auditor
Sunshakti Solar Power Projects Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Sunshakti Solar Power Projects 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 Sunshakti Solar Power Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 2016 | 100111439 | Others | ₹97.15 Cr | Satisfied |
To see the full charge records of Sunshakti Solar Power Projects Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Sunshakti Solar Power Projects Private Limited has 10 deals on record (5 rights issues, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹37.5 Cr; the latest was in March 2025.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Torrent Green Energy Private Limited & Saurabh Rameshbhai Mashruwala, Torrent Green Energy Private Limited Seller: Torrent Power Limited & Saurabh Rameshbhai Mashruwala, Torrent Power Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Torrent Power Limited, Torrent Power Limited & Saurabh Rameshbhai Mashruwala Seller: Sky Power Southeast Asia Iii Investment Limited, Sky Power Southeast Asia Holdings 2 Limited |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Torrent Power Limited Seller: Sky Power Southeast Asia Iii Investment Limited |
| Jan 2018 | Rights issue | ₹19.42 Cr | Investors: Sky Power Southeast Asia Iii Investment Limited |
| Dec 2017 | Rights issue | ₹1.83 Cr | Investors: Sky Power Southeast Asia Iii Investment Limited |
To see the full deal history of Sunshakti Solar Power Projects 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
Sunshakti Solar Power Projects Private Limited has 9 court cases on record: 8 filed by Sunshakti Solar Power Projects, 1 filed against it. 2 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 2 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Writ petition | Filed by the company against The Appellate Joint Commissioner (St) and 4 Others and 4 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against The Appellate Joint Commissioner (St) and 4 others | Pending |
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed by the company against The State of Telangana | Disposed |
| Supreme Court | Court case | Filed by the company against The State of Telangana | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against The Appellate Joint Commissioner (St)And 5 Others and 5 others | Disposed |
To see the full case history of Sunshakti Solar Power Projects 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
Sunshakti Solar Power Projects Private Limited was last rated by Care on 03 May 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 May 2022 |
To see the full credit ratings and regulatory alerts of Sunshakti Solar Power Projects Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sunshakti Solar Power Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sunshakti Solar Power Projects has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAWCS1046B1ZE | Delhi | Active | 01 Jul 2017 |
| 36AAWCS1046B1ZD | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sunshakti Solar Power Projects Private Limited, buy the company report.
Recent activity
Sunshakti Solar Power Projects Private Limited has 13 board changes on record since 2016: 3 appointments and 10 cessations. The latest: Jigish Bhogilal Mehta ceased to be Additional Director on 30 Jun 2022.
6 earlier events are in the company report.
News
Frequently asked questions
Sunshakti Solar Power Projects is an active private limited company based in Ahmedabad, Gujarat, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 11 August 2015 (11+ years old) and is registered under CIN U74900GJ2015PTC145661.
Sunshakti Solar Power Projects has 3 current directors:
- Naresh Kalidas Joshi - Director
- Nisarg Bimal Shah - Director
- Jigish Bhogilal Mehta - Director
The latest financial statements of Sunshakti Solar Power Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 August 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Sunshakti Solar Power Projects is 07AAWCS1046B1ZE, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 36AAWCS1046B1ZD (Telangana).
The CIN (Corporate Identification Number) of Sunshakti Solar Power Projects is U74900GJ2015PTC145661. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunshakti Solar Power Projects has 9 court cases on record: 8 filed by the company and 1 filed against it. 2 are pending. Most are in the high courts.
Sunshakti Solar Power Projects was incorporated on 11 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sunshakti Solar Power Projects has 10 deals on record (5 rights issues, 4 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹37.5 Cr; the latest was in March 2025.
The peers of Sunshakti Solar Power Projects by revenue are Neo Solren Private Limited, Avaada Mhgreen Private Limited, Azure Power (Raj.) Private Limited, Athena Hisar Solar Power Private Limited, Acme Solar Energy (Madhya Pradesh) Private Limited, all in the Cleantech industry (Power Projects, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Jigish Bhogilal Mehta ceased to be Additional Director on 30 Jun 2022. Naresh Kalidas Joshi ceased to be Additional Director on 30 Jun 2022. Nisarg Bimal Shah ceased to be Additional Director on 30 Jun 2022. Sunshakti Solar Power Projects has 13 board changes on record in total.
Sunshakti Solar Power Projects can be reached through the website skypower.com. Its registered office is in Ahmedabad, Gujarat, India.
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