About Tata Power Solar Systems Limited
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Tata Power Solar Systems Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Power Renewable 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 bop and btg services segment of the energy and power sector. It was incorporated on 27 November 1989.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH1989PLC330738. Its GSTIN is 27AAACT4660J1Z6 (Maharashtra). The company held 23 GST registrations, of which 21 are active.
The company had an authorised share capital of ₹250 Cr and a paid-up capital of ₹229.78 Cr. It was formerly known as Tata Bp Solar India Limited. It was led by directors including Seethapathy Chander and Praveer Sinha.
Its last annual general meeting (AGM) was held on 11 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹11,748 Cr, a growth of 70% compared to the previous year. For the same year it recorded a net profit of ₹391.41 Cr (net margin 3.3%) and EBITDA of ₹719.8 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 30% over five years.
The company had about 1,253 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
The company was associated with 2 brands: MNM Solar Power Systems and Tata Power Solar. As per MCA filings, the company had satisfied charges of ₹2,336.68 Cr on record. Court records list 80 cases involving the company, including 57 filed by the company and 23 filed against it; 31 cases are pending. The company has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹303.99 Cr; the latest was in March 2023. Its 5 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Bharat Heavy Electricals Limited with revenue of ₹28,805 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 956 overdue payments to 374 micro and small suppliers.
The last known website on record is tatapowersolar.com.
Company details
CIN history
Tata Power Solar Systems has one previous CIN (Corporate Identification Number): U40106KA1989PLC034989. The current CIN is U40106MH1989PLC330738, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH1989PLC330738 | Current |
| U40106KA1989PLC034989 | Previous |
Contact details
Tata Power Solar Systems Limited's registered office is in Mumbai, Maharashtra. Its website is tatapowersolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressC/O The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009
- IndustryEnergy and Power, BoP & BTG Services, Power EPC, Power Equipment Manufacturers
To see the full contact details of Tata Power Solar Systems 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
Tata Power Solar Systems operates two associated brands: MNM Solar Power Systems and Tata Power Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar power systems, installation, and maintenance for residential and commercial clients. | mnmsolar.com | |
| Manufactures photovoltaic modules and solar cells for renewable energy solutions. | tatapowersolar.com |
Business activity
The main business activity of Tata Power Solar Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Tata Power Solar Systems Limited, buy the company report.
Financials of Tata Power Solar Systems Limited
FY 2024 filings availableTata Power Solar Systems Limited reported revenue of ₹11,748 Cr (up 70% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 70% growth in the latest year. EBITDA rose 38% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11,748 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹719.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹391.41 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 3.3% | ||||
| 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 Tata Power Solar Systems Limited, buy the company report.
Board of directors and KMP of Tata Power Solar Systems Limited
Tata Power Solar Systems Limited currently reports 8 directors and 2 key managerial personnel. 46 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Seethapathy Chander | Director | 27 Mar 2020 | 6 Years 7 Months | As last reported |
| Praveer Sinha Also directs: TP Southern Odisha Distribution Limited, Tata Projects Limited, TP Central Odisha Distribution Limited and 5 more | Director | 04 May 2018 | 8 Years 5 Months | As last reported |
| Rajeev Sharma Also directs: TP Western Odisha Distribution Limited, Sarda Energy & Minerals Limited, JSW Energy Limited and 5 more | Director | 06 Oct 2021 | 5 Years 0 Months | As last reported |
| Sanjeev Churiwala Also directs: TP Solar Limited, TP Saurya Limited, Prayagraj Power Generation Company Limited and 3 more | Director | 13 Jun 2022 | 4 Years 4 Months | As last reported |
| Bipin Narayan Kulkarni Also directs: TP Kirnali Solar Limited, TP Akkalkot Renewable Limited | Cfo | 14 Oct 2022 | 4 Years 0 Months | As last reported |
| Deepesh Kiranchandra Nanda Also directs: Hypervault AI Data Center Limited | Director | 21 Nov 2023 | 2 Years 11 Months | As last reported |
Peer comparison
Tata Power Solar Systems Limited is compared with the 5 companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bharat Heavy Electricals Limited | ₹28,805 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Bosch Limited | ₹18,901 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Tata Power Solar Systems Limitedthis company | ₹11,748 Cr (FY 2024) | ₹391.41 Cr | 3.3% | 70.0% | 1,253 | Mumbai, Maharashtra, India |
| Suzlon Energy Limited | ₹10,993 Cr (FY 2025) | 67.0% | Ahmedabad, Gujarat, India | |||
| Cummins India Limited | ₹10,838 Cr (FY 2025) | 16.0% | Pune, Maharashtra, India | |||
| Kei Industries Limited | ₹9,807.67 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India |
To see the full peer comparison of Tata Power Solar Systems Limited, buy the company report.
Auditor
Tata Power Solar Systems Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Tata Power Solar Systems Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tata Power Solar Systems Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Mar 2021 | 100431707 | Others | ₹50 Cr | Satisfied | |
| 12 Nov 2020 | 100397436 | Others | ₹100 Cr | Satisfied | |
| 30 Jun 2017 | 100109823 | Others | ₹130 Cr | Satisfied | |
| 26 May 2015 | 10574003 | Dcb Bank Limited | ₹25 Cr | Satisfied | |
| 07 May 2015 | 10567678 | Indusind Bank Limited | ₹100 Cr | Satisfied |
To see the full charge records of Tata Power Solar Systems Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Tata Power Solar Systems Limited has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹303.99 Cr; the latest was in March 2023.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Acquisition | Undisclosed | Buyer: Tata Power Renewable Energy Limited Seller: The Tata Power Company Limited |
| Mar 2016 | Funding round | ₹75 Cr | Investors: The Tata Power Company Limited |
| Jan 2015 | Funding round | ₹64.95 Cr | Investors: The Tata Power Company Limited |
| Jun 2012 | Secondary share transfer | Undisclosed | Buyer: The Tata Power Company Limited Seller: BP Alternative Energy Holdings Limited |
| Aug 2007 | Funding round | ₹119.04 Cr | Investors: BP Alternative Energy Holdings Limited, The Tata Power Company Limited |
To see the full deal history of Tata Power Solar Systems 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
Tata Power Solar Systems Limited has 80 court cases on record: 57 filed by Tata Power Solar Systems, 23 filed against it. 31 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 58 | 12 | 27 |
| District courts | 15 | 9 | 3 |
| NCLT | 4 | 0 | 0 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 80)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Tamara Leisure Experiences Private Limited | Pending |
| High Court, Assam | Writ petition | Filed by the company against Assam Power Distribution Company Limited and 2 Ors and 2 others | Pending |
| High Court | Court case (AP-COM) | Filed against the company by Emc Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by Vishalsagar Home and Agro Products Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. BMW Industries Ltd | Disposed |
To see the full case history of Tata Power Solar Systems 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
Tata Power Solar Systems Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 956 overdue payments to 374 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 374)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| J R Roadlines Private Limited | |||
| an individual supplier | |||
| Forematic Techneow Solution Private Limited | |||
| an individual supplier | |||
| PSS Systems |
To see the full MSME payment records of Tata Power Solar Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tata Power Solar Systems has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Chirasthaayee Saurya Limited | U40101MH2016PLC330252 |
To see the full group structure of Tata Power Solar Systems Limited, buy the company report.
Employees & EPFO
Tata Power Solar Systems Limited has a workforce of 1,253 employees on its EPFO records as of Oct 12, 2025, across 1 active EPFO establishment.
GST
Tata Power Solar Systems has 23 GST registrations: 21 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4660J1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 03AAACT4660J1ZG | Punjab | Active | 01 Jul 2017 |
| 08AAACT4660J1Z6 | Rajasthan | Active | 01 Jul 2017 |
| 09AAACT4660J1Z4 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tata Power Solar Systems Limited, buy the company report.
Recent activity
Tata Power Solar Systems Limited has 55 board changes on record since 2007: 10 appointments and 45 cessations. The latest: Deepesh Kiranchandra Nanda ceased to be Additional Director on 10 Jul 2024.
84 earlier events are in the company report.
News
Frequently asked questions
Tata Power Solar Systems 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.
Tata Power Solar Systems was a public limited company based in Mumbai, Maharashtra, India. The company worked in bop and btg services, within the energy and power industry. It was incorporated on 27 November 1989 and is registered under CIN U40106MH1989PLC330738. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tata Power Solar Systems was incorporated on 27 November 1989. It is registered with the Registrar of Companies, Mumbai.
Tata Power Solar Systems had 10 directors and KMP:
- Seethapathy Chander - Director
- Praveer Sinha - Director
- Rajeev Sharma - Director
- Sanjeev Churiwala - Director
- Deepesh Kiranchandra Nanda - Director
- Edward Winter - Director
- Aditi Raja - Director
- Sanjay Vijay Bhandarkar - Director
- Bipin Narayan Kulkarni - Cfo
- Mahesh Dinkar Paranjpe - Ceo
The CIN (Corporate Identification Number) of Tata Power Solar Systems is U40106MH1989PLC330738. 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 Tata Power Solar Systems is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Tata Power Solar Systems can be reached through the website tatapowersolar.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Tata Power Solar Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 11 July 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Power Solar Systems is 27AAACT4660J1Z6, registered in Maharashtra. The company has 23 GST registrations in all, of which 21 are active and 2 are cancelled or inactive. Other active GSTINs include 03AAACT4660J1ZG (Punjab), 08AAACT4660J1Z6 (Rajasthan), 09AAACT4660J1Z4 (Uttar Pradesh).
Tata Power Solar Systems operated in the energy and power industry, in the bop and btg services segment.
Tata Power Solar Systems has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹303.99 Cr; the latest was in March 2023.
The peers of Tata Power Solar Systems by revenue are Bharat Heavy Electricals Limited, Bosch Limited, Suzlon Energy Limited, Cummins India Limited, Kei Industries Limited, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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