About Thar Surya 1 Private Limited
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Thar Surya 1 Private Limited is a private limited company based in Gurugram, Haryana, India, a subsidiary of Avikiran Surya India Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 21 April 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U40100HR2020PTC086119. Its GSTIN is 06AAHCT8410F1ZG (Haryana). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹11.28 Lakh. It is led by directors including Norberto Cuenca Candel and Sandy Khera.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 14th Floor Tower B Vatika Towers DLF Golf Course Road Suncity Sector – 54, Gurugram, Haryana, India – 122003.
As per the financials filed for FY 2024, the company reported a revenue of ₹172.27 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹20.48 Cr (net margin -11.9%) and EBITDA of ₹142.33 Cr (EBITDA margin 82.6%).
As per MCA filings, the company has open charges of ₹1,053 Cr on record. The company has 3 deals on record (1 debt financing, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹665.4 Cr; the latest was in December 2022. Its 6 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is Acme Aklera Power Technology Private Limited with revenue of ₹174.73 Cr. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 112 overdue payments to 15 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website enelgreenpower.com.
Company details
Contact details
Thar Surya 1 Private Limited's registered office is in Gurugram, Haryana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address14th Floor Tower B Vatika Towers DLF Golf Course Road Suncity Sector – 54, Gurugram, Haryana, India – 122003
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Thar Surya 1 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 Thar Surya 1 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 Thar Surya 1 Private Limited, buy the company report.
Financials of Thar Surya 1 Private Limited
FY 2024 filings availableThar Surya 1 Private Limited reported revenue of ₹172.27 Cr (up 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 45% in the latest year. EBITDA rose 42% 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 |
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| EBITDA | ₹142.33 Cr | |||
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| Net Profit (PAT) | -₹20.48 Cr | |||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | ||||
| EBITDA Margin | 82.6% | |||
| Net Profit Margin | -11.9% | |||
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To see the full financial statements and ratios of Thar Surya 1 Private Limited, buy the company report.
Board of directors of Thar Surya 1 Private Limited
Thar Surya 1 has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Norberto Cuenca Candel | Director | 21 Apr 2020 | 6 Years 6 Months | Current |
| Sandy Khera Also directs: Gridspertise India Private Limited, Enel Green Power India Private Limited, Aravalli Surya (Project 1) Private Limited and 5 more | Director | 21 Apr 2020 | 6 Years 6 Months | Current |
| Damien Benjamin Georges Berlioz Also directs: Avikiran Surya India Private Limited, Avikiran Solar India Private Limited, Dhule Power Transmission Limited and 2 more | Director | 20 Dec 2023 | 2 Years 10 Months | Current |
Peer comparison
Thar Surya 1 Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Acme Aklera Power Technology Private Limited | ₹174.73 Cr (FY 2025) | 107.0% | Gurugram, Haryana, India | |||
| Adani Solar Energy Ap Seven Private Limited | ₹174.05 Cr (FY 2025) | 4.0% | Ahmedabad, Gujarat, India | |||
| Clean Solar Power (Gulbarga) Private Limited | ₹173.15 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Thar Surya 1 Private Limitedthis company | ₹172.27 Cr (FY 2024) | -₹20.48 Cr | -11.9% | 45.0% | Gurugram, Haryana, India | |
| Athena Jaipur Solar Power Private Limited | ₹170.26 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Renew Wind Energy (TN 2) Private Limited | ₹169.3 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Masaya Solar Energy Private Limited | ₹167.68 Cr (FY 2025) | 123.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Thar Surya 1 Private Limited, buy the company report.
Auditor
Thar Surya 1 Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Thar Surya 1 Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Thar Surya 1 Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2022 | 100538974 | Others | ₹369 Cr | Open | |
| 28 Jan 2022 | 100556157 | Others | ₹684 Cr | Open |
To see the full charge records of Thar Surya 1 Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Thar Surya 1 Private Limited has 3 deals on record (1 debt financing, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹665.4 Cr; the latest was in December 2022.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹487.8 Cr | Investors: Avikiran Surya India Private Limited |
| Mar 2022 | Debt financing | ₹665.4 Cr | Investors: International Finance Corporation, British International Investment Plc |
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: Avikiran Surya India Private Limited & Sandy Khera, Avikiran Surya India Private Limited Seller: Enel Green Power India Private Limited & Sandy Khera, Enel Green Power India Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Thar Surya 1 Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Thar Surya 1 Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 112 overdue payments to 15 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 15)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Meera Corporation | |||
| Srex Power India Private Limited | |||
| Voltech Engineers Private Limited | |||
| Hedonistic Cars India Private Limited | |||
| Innovatus Systems |
To see the full MSME payment records of Thar Surya 1 Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Thar Surya 1 Private Limited has 1 active EPFO establishment as of Mar 23, 2024.
GST
Thar Surya 1 has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAHCT8410F1ZG | Haryana | Active | 01 Aug 2020 |
| 08AAHCT8410F1ZC | Rajasthan | Active | 27 Jul 2020 |
To see the full GST registrations and return filing status of Thar Surya 1 Private Limited, buy the company report.
Recent activity
Thar Surya 1 Private Limited has 11 board changes on record since 2020: 7 appointments and 4 cessations. The latest: Shikha ceased to be Company Secretary on 30 Dec 2025.
6 earlier events are in the company report.
Frequently asked questions
Thar Surya 1 is an active private limited company based in Gurugram, Haryana, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 21 April 2020 (6+ years old) and is registered under CIN U40100HR2020PTC086119.
Thar Surya 1 has 3 current directors:
- Norberto Cuenca Candel - Director
- Sandy Khera - Director
- Damien Benjamin Georges Berlioz - Director
The latest financial statements of Thar Surya 1 on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Thar Surya 1 is 06AAHCT8410F1ZG, registered in Haryana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 08AAHCT8410F1ZC (Rajasthan).
The CIN (Corporate Identification Number) of Thar Surya 1 is U40100HR2020PTC086119. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thar Surya 1 was incorporated on 21 April 2020, making it 6+ years old. It is registered with the Registrar of Companies, Haryana.
Thar Surya 1 has 3 deals on record (1 debt financing, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹665.4 Cr; the latest was in December 2022.
The peers of Thar Surya 1 by revenue are Acme Aklera Power Technology Private Limited, Adani Solar Energy Ap Seven Private Limited, Clean Solar Power (Gulbarga) Private Limited, Athena Jaipur Solar Power Private Limited, Renew Wind Energy (TN 2) Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Shikha ceased to be Company Secretary on 30 Dec 2025. Piyachatr Chetnakarnkul ceased to be Director on 13 May 2025. Damien Benjamin Georges Berlioz was appointed as Director on 20 Dec 2023. Thar Surya 1 has 11 board changes on record in total.
Thar Surya 1 has 6 MSME Form 1 returns on record between 2021 and 2023, listing 112 overdue payments to 15 micro and small suppliers. The latest return was filed on 29 Oct 2023.
Thar Surya 1 can be reached through the website enelgreenpower.com. Its registered office is in Gurugram, Haryana, India.
The registered office of Thar Surya 1 is at 14th Floor Tower B Vatika Towers DLF Golf Course Road Suncity Sector – 54, Gurugram, Haryana, India – 122003.