MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-UP-28-0009723
Sunsource Energy Private Limited - infrastructure and utilities in Noida, Uttar Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹59.63 Cr
▼ 14% YoY
Net loss · FY 2023
₹102.6 Cr
Net margin -172.1%
EBITDA · FY 2023
-₹47.88 Cr
EBITDA margin -80.3%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹2.64 Cr
Issued & subscribed
Open charges
₹696.49 Cr
Satisfied ₹311.04 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
155
Provident fund records
About Sunsource Energy Private Limited
Data last updated:
Sunsource Energy Private Limited is a private limited company based in Noida, Uttar Pradesh, India, a subsidiary of Shv Energy N.V.. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 18 January 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U74900UP2010PTC039281. Its GSTIN is 09AANCS7704F2Z1 (Uttar Pradesh). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹2.64 Cr. It is led by directors including Steven Lizy L Sels and Ajay Kumar.
Its last annual general meeting (AGM) was held on 07 October 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Sector 125, Noida, Uttar Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹59.63 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹102.6 Cr (net margin -172.1%) and EBITDA of -₹47.88 Cr (EBITDA margin -80.3%).
The company has about 155 employees on its provident fund (EPFO) records. Its group structure includes 32 subsidiaries.
The company is associated with 1 brand: SunSource Energy. As per MCA filings, the company has open charges of ₹696.49 Cr and satisfied charges of ₹311.04 Cr on record. Court records list 21 cases involving the company, including 12 filed by the company and 9 filed against it; 2 cases are pending. The company has 10 deals on record (5 funding rounds, 2 rights issues, 1 debt financing), with disclosed funding of ₹430.89 Cr; the latest was in April 2022. The company has 11 MSME Form 1 returns on record between 2019 and 2023, listing 460 overdue payments to 83 micro and small suppliers.
Sunsource Energy Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0009723). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunsource-energy.com.
Company details
CIN U74900UP2010PTC039281
Registration Number 039281
Incorporation Date 18 January 2010
ROC Kanpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 07 October 2024
Date of Balance Sheet 31 March 2024
Parent Company Shv Energy N.V.
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-UP-28-0009723
Recognitions & Rankings of Sunsource Energy
Contact details
Sunsource Energy Private Limited's registered office is in Noida, Uttar Pradesh. Its website is sunsource-energy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5th Floor Tower A (It/ Ites Building), Plot No A – 3 4 & 5 Sector 125, Noida, Uttar Pradesh, India – 201301
- IndustryInfrastructure and Utilities, Power Infrastructure & Energy Projects
To see the full contact details of Sunsource Energy Private Limited, buy the company report.
Comprehensive company report
Sunsource Energy 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
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Brands
Sunsource Energy operates one associated brand: SunSource Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar IPP and EPC services are provided for C&I clients. | sunsource-energy.com |
Financials of Sunsource Energy Private Limited
FY 2024 filings availableSunsource Energy Private Limited reported revenue of ₹59.63 Cr (down 14% YoY) for FY 2023.
Revenue · FY 2023
₹59.63 Cr ▼ 14%
Net loss · FY 2023
₹102.6 Cr margin -172.1%
EBITDA · FY 2023
-₹47.88 Cr margin -80.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
Revenue fell 14% in the latest 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 | ₹59.63 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹47.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹102.6 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 | -80.3% | ||||
| Net Profit Margin | -172.1% | ||||
| 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 Sunsource Energy Private Limited, buy the company report.
Board of directors and KMP of Sunsource Energy Private Limited
Sunsource Energy Private Limited currently reports 4 directors and 2 key managerial personnel. 15 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Steven Lizy L Sels Also directs: SHV Energy India Private Limited, SHV Energy Private Limited | Director | 24 Nov 2023 | 2 Years 11 Months | Current |
| Santanu Subinoy Guha Also directs: Inarays Energy Three Private Limited, Utryan Energy Puri Private Limited, Utryan Energy Brunswick Private Limited and 3 more | Ceo | 15 Feb 2024 | 2 Years 8 Months | Current |
| Ajay Kumar | Director | 28 May 2021 | 5 Years 5 Months | Current |
| Patrick Johannes Arnoldus Van Der Voort | Additional Director | 13 Nov 2024 | 1 Years 11 Months | Current |
| Tarun Kumar Also directs: Utryan Energy Five Private Limited, Isharays Energy Five Private Limited, Utryan Energy Two Private Limited and 5 more | Cfo | 01 Jan 2025 | 1 Years 9 Months | Current |
| Georgina Jessica Silvia Debenham | Director | 25 Jan 2023 | 3 Years 9 Months | Current |
Auditor
Sunsource Energy Private Limited is audited by BSR & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BSR & Associates LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Sunsource Energy 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 Sunsource Energy Private Limited, buy the company report.
Charges & borrowings
Open charges
₹696.49 Cr
Satisfied charges
₹311.04 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2025 | 101112760 | Others | ₹18.71 Cr | Open | |
| 29 Jan 2025 | 101046585 | Others | ₹11.44 Cr | Open | |
| 29 Jan 2025 | 101046403 | Others | ₹101.11 Cr | Open | |
| 29 Jan 2025 | 101045759 | Others | ₹43.24 Cr | Open | |
| 29 Jan 2025 | 101045758 | Others | ₹165.4 Cr | Open |
To see the full charge records of Sunsource Energy Private Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Sunsource Energy Private Limited has 10 deals on record (5 funding rounds, 2 rights issues, 1 debt financing), with disclosed funding of ₹430.89 Cr; the latest was in April 2022.
Total deals
10
Funding rounds
5
Rights issues
2
Debt financing
1
Secondary share transfer
1
Disclosed funding
₹430.89 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round | ₹190 Cr | Investors: SHV Energy NV |
| May 2021 | Secondary share transfer | Undisclosed | Buyer: SHV Energy NV Seller: Neev Fund |
| Jan 2021 | Debt financing | ₹6.82 Cr | Investors: Neev Fund |
| Feb 2018 | Funding round | ₹42.25 Cr | Investors: Neev Fund |
| Mar 2013 | Acquisition | ₹77 Lakh | Buyer: Sunsource Cleantech Ventures Private Limited |
To see the full deal history of Sunsource Energy 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
Sunsource Energy Private Limited has 21 court cases on record: 12 filed by Sunsource Energy, 9 filed against it. 2 cases are pending and 19 are disposed.
Total cases
21
Filed by the company
12
Filed against the company
9
Pending
2
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 3 | 1 |
| District courts | 7 | 5 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Interim or miscellaneous application | Filed against the company by Saboo Sodium Chloro Ltd | Disposed |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against Himachal Renewables Ltd(Not Applicable) | Disposed |
| High Court of Delhi | Court case (O.M.P.(MISC.)(COMM.)) | Filed by the company against Ekialde Solar Private Limited | Disposed |
| High Court | Writ petition | Filed by the company against Himachal Renewables Ltd(Not Applicable) | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Ekialde Solar Private Limited | Disposed |
To see the full case history of Sunsource Energy 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
Sunsource Energy Private Limited was last rated by Care on 04 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Apr 2022 |
To see the full credit ratings and regulatory alerts of Sunsource Energy Private Limited, buy the company report.
MSME payment delays
Sunsource Energy Private Limited has 11 MSME Form 1 returns on record between 2019 and 2023, listing 460 overdue payments to 83 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 83)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rayfuel Enercon Private Limited | |||
| Hind Solar | |||
| an individual supplier | |||
| Armax Automation Private Limited | |||
| Cnergyis Infotech India Private Limited |
To see the full MSME payment records of Sunsource Energy Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sunsource Energy has 32 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
32
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Isharays Energy Two Private Limited | U40105UP2022PTC162822 | |
| Utryan Energy Puri Private Limited | U40106UP2019PTC115453 | |
| Utryan Energy Brunswick Private Limited | U40106UP2019PTC117116 | |
| Jyotikiran Energy Chennai Private Limited | U40106UP2020PTC126735 | |
| Jyotikiran Energy Mumbai Private Limited | U40106UP2020PTC126739 | |
| Jyotikiran Energy Lucknow Private Limited | U40106UP2020PTC126741 |
To see the full group structure of Sunsource Energy Private Limited, buy the company report.
Employees & EPFO
Sunsource Energy Private Limited has a workforce of 155 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
155
Active EPFO establishments
1
Employee growth
5.44%
GST
Sunsource Energy has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
10
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AANCS7704F2Z1 | Uttar Pradesh | Active | 09 Sep 2017 |
| 03AANCS7704F1ZE | Punjab | Active | 01 Jul 2017 |
| 07AANCS7704F1Z6 | Delhi | Active | 01 Jul 2017 |
| 08AANCS7704F1Z4 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sunsource Energy Private Limited, buy the company report.
Recent activity
Sunsource Energy Private Limited has 22 board changes on record since 2013: 8 appointments and 14 cessations. The latest: Tarun Kumar was appointed as CFO on 01 Jan 2025.
Charges
A charge registered on 11 Jul 2019 via Charge ID 100275191 with Axis Bank Limited was fully satisfied on 26 Nov 2025.
Charges
A charge registered on 05 Jul 2019 via Charge ID 100288206 with Axis Bank Limited was fully satisfied on 26 Nov 2025.
Charges
A charge registered on 05 Jul 2019 via Charge ID 100288208 with Axis Bank Limited was fully satisfied on 26 Nov 2025.
Charges
A charge with Others amounted to Rs. 18.71 Cr with Charge ID 101112760 was registered on 23 Jun 2025.
Charges
A charge with Others amounted to Rs. 11.44 Cr with Charge ID 101046585 was registered on 29 Jan 2025.
Charges
A charge with Others amounted to Rs. 101.11 Cr with Charge ID 101046403 was registered on 29 Jan 2025.
Charges
A charge with Others amounted to Rs. 43.24 Cr with Charge ID 101045759 was registered on 29 Jan 2025.
Charges
A charge with Others amounted to Rs. 165.40 Cr with Charge ID 101045758 was registered on 29 Jan 2025.
Charges
A charge with Others amounted to Rs. 70.68 Cr with Charge ID 101045584 was registered on 29 Jan 2025.
Appointed
Tarun Kumar was appointed as CFO.
Appointed
Patrick Johannes Arnoldus Van Der Voort was appointed as Additional Director.
Ceased
Abraham Andreas Graber ceased to be Director.
77 earlier events are in the company report.
News
Frequently asked questions
Sunsource Energy is an active private limited company based in Noida, Uttar Pradesh, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 18 January 2010 (16+ years old) and is registered under CIN U74900UP2010PTC039281.
Sunsource Energy has 6 current directors and KMP:
- Steven Lizy L Sels - Director
- Ajay Kumar - Director
- Patrick Johannes Arnoldus Van Der Voort - Additional Director
- Georgina Jessica Silvia Debenham - Director
- Santanu Subinoy Guha - Ceo
- Tarun Kumar - Cfo
The latest financial statements of Sunsource Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 07 October 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sunsource Energy is 09AANCS7704F2Z1, registered in Uttar Pradesh. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 03AANCS7704F1ZE (Punjab), 07AANCS7704F1Z6 (Delhi), 08AANCS7704F1Z4 (Rajasthan).
The CIN (Corporate Identification Number) of Sunsource Energy is U74900UP2010PTC039281. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sunsource Energy has 21 court cases on record: 12 filed by the company and 9 filed against it. 2 are pending. Most are in the high courts.
Sunsource Energy was incorporated on 18 January 2010, making it 16+ years old. It is registered with the Registrar of Companies, Kanpur.
Sunsource Energy has 10 deals on record (5 funding rounds, 2 rights issues, 1 debt financing), with disclosed funding of ₹430.89 Cr; the latest was in April 2022.
Tarun Kumar was appointed as CFO on 01 Jan 2025. Patrick Johannes Arnoldus Van Der Voort was appointed as Additional Director on 13 Nov 2024. Abraham Andreas Graber ceased to be Director on 12 Nov 2024. Sunsource Energy has 22 board changes on record in total.
Yes, Sunsource Energy is registered as a small enterprise under Udyam registration (number: UDYAM-UP-28-0009723).
Sunsource Energy has 11 MSME Form 1 returns on record between 2019 and 2023, listing 460 overdue payments to 83 micro and small suppliers. The latest return was filed on 04 Nov 2023.