About Swelect Solar Energy Private Limited
Data last updated:
Swelect Solar Energy Private Limited was a private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Swelect Energy Systems 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 20 August 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U31104TN2008PTC068923. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Cr and a paid-up capital of ₹4.44 Cr. It was formerly known as Numeric Solar Energy Private Limited. It was led by directors including Balan Arthanari and Chellappan Gounder Ramasamy.
Its last annual general meeting (AGM) was held on 25 July 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Swelect House No.5 Sir P.S. Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.86 Lakh, a decline of 56% compared to the previous year. For the same year it recorded a net loss of ₹15.97 Lakh and EBITDA of -₹12.51 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 49% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
Court records list 1 case involving the company, including 1 filed by the company and 1 filed against it.
The last known website on record is swelectes.com.
Company details
Contact details
Swelect Solar Energy Private Limited's registered office is in Chennai, Tamil Nadu. Its website is swelectes.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSwelect House No.5 Sir P.S. Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Swelect Solar Energy 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 Swelect Solar Energy 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 Swelect Solar Energy Private Limited, buy the company report.
Financials of Swelect Solar Energy Private Limited
FY 2023 filings availableSwelect Solar Energy Private Limited reported revenue of ₹1.86 Lakh (down 56% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 56% fall in the latest year. EBITDA fell 33% 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 | ₹1.86 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹12.51 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.97 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
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| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Swelect Solar Energy Private Limited, buy the company report.
Board of directors of Swelect Solar Energy Private Limited
Swelect Solar Energy has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balan Arthanari Also directs: Swelect Energy Systems Limited, Swelect Electronics Private Limited, Swelect Green Energy Solutions Private Limited and 5 more | Director | 05 Feb 2016 | 10 Years 9 Months | As last reported |
| Chellappan Gounder Ramasamy Also directs: Swelect Energy Systems Limited, Swelect Electronics Private Limited, Swelect Green Energy Solutions Private Limited and 5 more | Director | 20 Aug 2008 | 18 Years 2 Months | As last reported |
| Jayashree Nachiappan | Director | 30 May 2012 | 14 Years 5 Months | As last reported |
Peer comparison
Swelect Solar Energy Private Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (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 |
|---|---|---|---|---|---|---|
| Sree Kashyapa Surya Energy Equipments Private Limited | ₹1.97 Lakh (FY 2024) | -19.0% | Kochi, Kerala, India | |||
| Vestin Solar Park Private Limited | ₹1.9 Lakh (FY 2025) | 0.0% | Jaipur, Rajasthan, India | |||
| Swelect Solar Energy Private Limitedthis company | ₹1.86 Lakh (FY 2023) | -₹15.97 Lakh | -56.0% | 2 | Chennai, Tamil Nadu, India | |
| Stockwell Ajmer One Private Limited | ₹1.79 Lakh (FY 2025) | Fatehpur, Rajasthan, India |
To see the full peer comparison of Swelect Solar Energy Private Limited, buy the company report.
Shareholding
The shareholding of Swelect Solar 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 Swelect Solar Energy Private Limited, buy the company report.
Legal cases
Swelect Solar Energy Private Limited has 1 court case on record: 1 filed by Swelect Solar Energy, 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 1 | 0 |
Cases on record (2 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed against the company by K J Solar Systems Private Limited and 1 other | Disposed |
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company against Swelect Solar Energy Private Limited | Disposed |
To see the full case history of Swelect Solar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Swelect Solar Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Swelect Solar Energy has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| K J Solar Systems Private Limited | U29307TN2014PTC113480 | |
| Noel Media & Advertising Private Limited | U40300TN2006PTC061718 |
To see the full group structure of Swelect Solar Energy Private Limited, buy the company report.
Employees & EPFO
Swelect Solar Energy Private Limited has a workforce of 2 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
GST
Swelect Solar Energy has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Swelect Solar Energy Private Limited, buy the company report.
Recent activity
Swelect Solar Energy Private Limited has 8 board changes on record since 2008: 3 appointments and 5 cessations. The latest: Balan Arthanari ceased to be Additional Director on 24 Sep 2016.
News
Frequently asked questions
Swelect Solar Energy 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.
Swelect Solar Energy was a private limited company based in Chennai, Tamil Nadu, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 20 August 2008 and is registered under CIN U31104TN2008PTC068923. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Swelect Solar Energy was incorporated on 20 August 2008. It is registered with the Registrar of Companies, Chennai.
Swelect Solar Energy had 3 directors:
- Balan Arthanari - Director
- Chellappan Gounder Ramasamy - Director
- Jayashree Nachiappan - Director
The CIN (Corporate Identification Number) of Swelect Solar Energy is U31104TN2008PTC068923. 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 Swelect Solar Energy is at Swelect House No.5 Sir P.S. Sivasamy Salai Mylapore, Chennai, Tamil Nadu, India – 600004.
Swelect Solar Energy can be reached through the website swelectes.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Swelect Solar Energy on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 July 2023. Year-wise statements from 2015 are in the company report.
No. Swelect Solar Energy has 1 GST registration on record and it is cancelled or inactive.
Swelect Solar Energy operated in the environment industry, in the solar energy solutions segment.
The peers of Swelect Solar Energy by revenue are Sree Kashyapa Surya Energy Equipments Private Limited, Vestin Solar Park Private Limited, Stockwell Ajmer One Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
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