About Thrive Solar Energy Private Limited
Data last updated:
Thrive Solar Energy Private Limited is a private limited company based in Hyderabad, Telangana, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 24 February 2007.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2007PTC052954. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.18 Cr. It was formerly known as Thrive Energy Technologies Private Limited. It is led by directors Ranganayakulu Bodavala (Managing Director) and Banda Lal Korra.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Pno – 38/B Part Ida Phase – 1 Cherlapally, Hyderabad, Telangana, India – 500051.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.99 Cr, a decline of 92% compared to the previous year. For the same year it recorded a net loss of ₹9.91 Cr (net margin -331.3%) and EBITDA of -₹9.18 Cr (EBITDA margin -306.9%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
The company has about 63 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thrive Solar Energy. As per MCA filings, the company has open charges of ₹27.22 Cr and satisfied charges of ₹5.84 Cr on record. Court records list 13 cases involving the company, including 13 filed against it; 2 cases are pending.
The last known website on record is thriveenergy.co.in.
Company details
CIN history
Thrive Solar Energy has one previous CIN (Corporate Identification Number): U72200AP2007PTC052954. The current CIN is U72200TG2007PTC052954, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2007PTC052954 | Current |
| U72200AP2007PTC052954 | Previous |
Contact details
Thrive Solar Energy Private Limited's registered office is in Hyderabad, Telangana. Its website is thriveenergy.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPno – 38/B Part Ida Phase – 1 Cherlapally, Hyderabad, Telangana, India – 500051
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Thrive 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
Brands
Thrive Solar Energy operates one associated brand: Thrive Solar Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Installs and manufactures solar energy solutions to promote sustainable power in rural communities. | thriveenergy.co.in |
Business activity
The main business activity of Thrive Solar Energy 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 Thrive Solar Energy Private Limited, buy the company report.
Financials of Thrive Solar Energy Private Limited
FY 2018 filings availableThrive Solar Energy Private Limited reported revenue of ₹2.99 Cr (down 92% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 92% fall in the latest year. EBITDA rose 49% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹2.99 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
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| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹9.18 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹9.91 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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| Long-term Borrowings | ||||
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| Trade Payables | ||||
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Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -306.9% | |||
| Net Profit Margin | -331.3% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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To see the full financial statements and ratios of Thrive Solar Energy Private Limited, buy the company report.
Board of directors of Thrive Solar Energy Private Limited
Thrive Solar Energy has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Banda Lal Korra | Director | 08 Jun 2018 | 8 Years 4 Months | As last reported |
| Ranganayakulu Bodavala Also directs: Hoshang Patel Tech Centre | Managing Director | 24 Feb 2007 | 19 Years 8 Months | As last reported |
Auditor
Thrive Solar Energy Private Limited is audited by J MADHAVA RAO & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J MADHAVA RAO & CO | FY 2018 | 015119S |
Shareholding
The shareholding of Thrive Solar Energy Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Thrive Solar Energy Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Feb 2015 | 10566995 | Maanaveeya Development & Finance Private Limited | ₹4 Cr | Open | |
| 28 Jan 2013 | 10405451 | State Bank of Hyderabad | ₹23.22 Cr | Open | |
| 09 Oct 2009 | 10183274 | The Catholic Syrian Bank | ₹5.84 Cr | Satisfied |
To see the full charge records of Thrive Solar Energy Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Thrive Solar Energy Private Limited has 13 court cases on record: 13 filed against it. 2 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 11 | 2 |
| High courts | 1 | 1 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by A.V.Cable Industries | Pending |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company by A.V.Cable Industries Rep by. Vinay Garge | Disposed |
| District court, Medchal Malkajgiri, Telangana | Execution petition | Filed against the company by Induslnd Bank Limited | Disposed |
| District court, Medchal Malkajgiri, Telangana | Civil suit | Filed against the company by A.V.Cable Industries | Disposed |
| District court, Rangareddy, Telangana | Civil suit | Filed against the company by A.V.Cable Industries | Disposed |
To see the full case history of Thrive 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 Thrive Solar Energy Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thrive Solar Energy Private Limited has a workforce of 63 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Thrive Solar Energy has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Thrive Solar Energy Private Limited, buy the company report.
Recent activity
Thrive Solar Energy Private Limited has 11 board changes on record since 2007: 2 appointments and 9 cessations. The latest: Banda Lal Korra was appointed as Director on 08 Jun 2018.
8 earlier events are in the company report.
Frequently asked questions
Thrive Solar Energy is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Thrive Solar Energy is a company under liquidation, formerly operating as a private limited company based in Hyderabad, Telangana, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 24 February 2007 and is registered under CIN U72200TG2007PTC052954. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Thrive Solar Energy has 2 current directors:
- Ranganayakulu Bodavala - Managing Director
- Banda Lal Korra - Director
The latest financial statements of Thrive Solar Energy on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Thrive Solar Energy is U72200TG2007PTC052954. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thrive Solar Energy has open charges of ₹27.22 Cr and satisfied charges of ₹5.84 Cr as per latest MCA filings.
Thrive Solar Energy has 13 court cases on record: 13 filed against it. 2 are pending. Most are in the district courts.
Thrive Solar Energy was incorporated on 24 February 2007. It is registered with the Registrar of Companies, Hyderabad.
Banda Lal Korra was appointed as Director on 08 Jun 2018. John William Myle ceased to be Director on 08 Jun 2018. Venkatesh Bathineni Pallavalli ceased to be Additional Director on 14 Dec 2017. Thrive Solar Energy has 11 board changes on record in total.
Thrive Solar Energy can be reached through the website thriveenergy.co.in. Its registered office is in Hyderabad, Telangana, India.