About Surajkiran Solar Technologies Limited
Data last updated:
Surajkiran Solar Technologies Limited was a public limited company based in Ahmedabad, Gujarat, India, operated as a subsidiary of Adani Green Energy Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 August 2015.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2015PLC127993. Its GSTIN is 36AAWCS1055L1ZR (Telangana). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹30 Lakh and a paid-up capital of ₹7.85 Lakh. It was led by directors including Alok Sharma and Koushlya Vijay Melwani.
Its last annual general meeting (AGM) was held on 23 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office was at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹53.51 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹8.54 Cr (net margin 16%) and EBITDA of ₹42.19 Cr (EBITDA margin 78.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 15% over five years.
As per MCA filings, the company had open charges of ₹221.41 Cr and satisfied charges of ₹397.06 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹46.22 Cr; the latest was in March 2021. The company has 9 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 7 micro and small suppliers.
The last known website on record is skypower.com.
Company details
CIN history
Surajkiran Solar Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74140GJ2015PLC127993, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140GJ2015PLC127993 | Current |
| U74140GJ2015PTC127993 | Previous |
| U74140DL2015PTC283993 | Previous |
Contact details
Surajkiran Solar Technologies 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 AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Surajkiran Solar Technologies 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
Financials of Surajkiran Solar Technologies Limited
FY 2025 filings availableSurajkiran Solar Technologies Limited reported revenue of ₹53.51 Cr (down 24% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 7% 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 | ₹53.51 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹42.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.54 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 | 78.8% | ||||
| Net Profit Margin | 16% | ||||
| 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 Surajkiran Solar Technologies Limited, buy the company report.
Board of directors of Surajkiran Solar Technologies Limited
Surajkiran Solar Technologies has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alok Sharma | Director | 05 Sep 2022 | 4 Years 2 Months | As last reported |
| Koushlya Vijay Melwani Also directs: Ashima Limited, Adani Renewable Energy Fifty Six Limited, Adani Renewable Energy Fifty Seven Limited and 5 more | Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
| Lokesh Kumar Jeengar Also directs: Adani Solar Energy Kutchh One Limited, Adani Wind Energy (Gujarat) Limited, Adani Solar Energy Jodhpur Two Limited and 5 more | Director | 08 Nov 2024 | 1 Years 11 Months | As last reported |
| Mukesh Mahendrabhai Shah Also directs: Asian Granito India Limited, Adani Total Gas Limited, Inspiron Engineering Private Limited and 5 more | Director | 10 Mar 2022 | 4 Years 7 Months | As last reported |
Auditor
Surajkiran Solar Technologies Limited is audited by SHAH DHANDHARIA CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH DHANDHARIA CO LLP | FY 2023 | 118707W/W100724 |
Shareholding
The shareholding of Surajkiran Solar Technologies 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 Surajkiran Solar Technologies Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jul 2018 | 100193974 | Others | ₹29 Cr | Satisfied | |
| 11 Dec 2017 | 100139488 | Others | ₹261 Cr | Satisfied | |
| 19 Dec 2016 | 100111436 | Others | ₹107.06 Cr | Satisfied |
To see the full charge records of Surajkiran Solar Technologies Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Surajkiran Solar Technologies Limited has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹46.22 Cr; the latest was in March 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: Adani Green Energy Limited & Ashish Maheshwari, Adani Green Energy Limited & Prashant Rughani, Adani Green Energy Limited & Manish Kalantri Seller: Sky Power Southeast Asia I I Investment Limited, Skypower Southeast Solar India Private Limited |
| Mar 2019 | Rights issue | ₹2.73 Cr | Investors: Sky Power Southeast Asia I I Investment Limited |
| Dec 2017 | Rights issue | ₹26.41 Cr | Investors: Sky Power Southeast Asia I I Investment Limited |
| Sep 2017 | Rights issue | ₹61.4 Lakh | Investors: Sky Power Southeast Asia I I Investment Limited |
| Oct 2015 | Secondary share transfer | Undisclosed | Buyer: Sky Power Southeast Asia I I Investment Limited, Skypower Southeast Solar India Private Limited Seller: 2 individuals |
To see the full deal history of Surajkiran Solar Technologies 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
Surajkiran Solar Technologies Limited has 1 court case on record: 1 filed by Surajkiran Solar Technologies. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2407-Indirect Taxation : Entry tax, motor vehicle tax, purchase tax, entertainment tax, terminal tax, octroi, toll tax, professional tax, Gold Control Act, Hotel Receipts Tax Act, Water and sewage Tax, luxury tax, Cess Acts) | Filed by the company against The State of Telangana and 3 others | Disposed |
To see the full case history of Surajkiran Solar Technologies 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
Surajkiran Solar Technologies Limited was last rated by Care on 07 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jan 2022 |
To see the full credit ratings and regulatory alerts of Surajkiran Solar Technologies Limited, buy the company report.
MSME payment delays
Surajkiran Solar Technologies Limited has 9 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dharmesh Parikh and Company LL | |||
| Nexroot Solutions Private Limited | |||
| Kohinoor Solar | |||
| Shah and Shah Associates | |||
| Reconnect Energy Solutions Limited |
To see the full MSME payment records of Surajkiran Solar Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Surajkiran Solar Technologies has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAWCS1055L1ZR | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Surajkiran Solar Technologies Limited, buy the company report.
Recent activity
Surajkiran Solar Technologies Limited has 22 board changes on record since 2016: 4 appointments and 18 cessations. The latest: Lokesh Kumar Jeengar ceased to be Additional Director on 22 Jun 2025.
21 earlier events are in the company report.
News
Frequently asked questions
Surajkiran Solar Technologies has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Surajkiran Solar Technologies was a public limited company based in Ahmedabad, Gujarat, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 11 August 2015 and is registered under CIN U74140GJ2015PLC127993. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Surajkiran Solar Technologies was incorporated on 11 August 2015. It is registered with the Registrar of Companies, Ahmedabad.
Surajkiran Solar Technologies had 4 directors:
- Alok Sharma - Director
- Koushlya Vijay Melwani - Director
- Lokesh Kumar Jeengar - Director
- Mukesh Mahendrabhai Shah - Director
The CIN (Corporate Identification Number) of Surajkiran Solar Technologies is U74140GJ2015PLC127993. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Surajkiran Solar Technologies is at Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.
Surajkiran Solar Technologies can be reached through the website skypower.com. Its registered office is in Ahmedabad, Gujarat, India.
The latest financial statements of Surajkiran Solar Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 June 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Surajkiran Solar Technologies is 36AAWCS1055L1ZR, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Surajkiran Solar Technologies operated in the environment industry, in the solar energy solutions segment.
Surajkiran Solar Technologies has 8 deals on record (5 rights issues, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹46.22 Cr; the latest was in March 2021.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
