Tirunveli Solar Project Private Limited
About Tirunveli Solar Project Private Limited
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Tirunveli Solar Project Private Limited is a private limited company based in Bikaner, Rajasthan, India, a subsidiary of Ayana Renewable Power Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 05 June 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U40100RJ2017PTC058225. Its GSTIN is 33AAGCT2891M1ZW (Tamil Nadu).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹23.53 Lakh. It is led by directors including Prakash Kenganur and Rajesh Rudrappa.
Its last annual general meeting (AGM) was held on 28 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No 565 Kanasar, Bikaner, Rajasthan, India – 334001.
As per the financials filed for FY 2025, the company reported a revenue of ₹59.69 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹9.6 Cr (net margin 16.1%) and EBITDA of ₹54.93 Cr (EBITDA margin 92%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 68% over five years.
Its group structure includes 8 subsidiaries.
The company is associated with 1 brand: Ayana. As per MCA filings, the company has open charges of ₹700 Cr and satisfied charges of ₹566 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 2 cases are pending. The company has 5 deals on record (2 convertible or debt financings, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹156.34 Cr; the latest was in April 2022. Its 8 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 3 smaller; the largest is Adani Solar Energy Kutchh Two Private Limited with revenue of ₹60.64 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tirunveli Solar Project Private Limited's registered office is in Bikaner, Rajasthan. Its e-mail address is in the company report.
- Email
- Registered AddressSurvey No 565 Kanasar, Bikaner, Rajasthan, India – 334001
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Tirunveli Solar Project 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
Tirunveli Solar Project operates one associated brand: Ayana. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Utility-scale solar, wind, hybrid, and clean energy projects are developed. | ayanapower.com |
Business activity
The main business activity of Tirunveli Solar Project 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 Tirunveli Solar Project Private Limited, buy the company report.
Financials of Tirunveli Solar Project Private Limited
FY 2025 filings availableTirunveli Solar Project Private Limited reported revenue of ₹59.69 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 68% over five years, including 3% growth in the latest year. EBITDA rose 2% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹54.93 Cr | ||||
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| Net Profit (PAT) | ₹9.6 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 92% | ||||
| Net Profit Margin | 16.1% | ||||
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To see the full financial statements and ratios of Tirunveli Solar Project Private Limited, buy the company report.
Board of directors of Tirunveli Solar Project Private Limited
Tirunveli Solar Project has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Kenganur | Director | 30 Apr 2022 | 4 Years 6 Months | Current |
| Rajesh Rudrappa | Director | 30 Apr 2022 | 4 Years 6 Months | Current |
| Nishant Kumar | Director | 28 May 2022 | 4 Years 5 Months | Current |
Peer comparison
Tirunveli Solar Project Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Adani Solar Energy Kutchh Two Private Limited | ₹60.64 Cr (FY 2025) | -7.0% | Ahmedabad, Gujarat, India | |||
| Zuvan Energy Private Limited | ₹60.47 Cr (FY 2025) | -1.0% | Hyderabad, Telangana, India | |||
| Clean Max Maximus Private Limited | ₹60.38 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| Sunborne Energy Andhra Private Limited | ₹60.2 Cr (FY 2025) | 14.0% | Hyderabad, Telangana, India | |||
| Clean Max Bhoomi Private Limited | ₹59.9 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Tirunveli Solar Project Private Limitedthis company | ₹59.69 Cr (FY 2025) | ₹9.6 Cr | 16.1% | 3.0% | Bikaner, Rajasthan, India | |
| Avaada Sataramh Private Limited | ₹59.1 Cr (FY 2025) | -1.0% | Noida, Uttar Pradesh, India | |||
| Sei Enerstar Renewable Energy Private Limited | ₹58.51 Cr (FY 2025) | -3.0% | Hyderabad, Telangana, India | |||
| Sei Mihir Energy Private Limited | ₹58.42 Cr (FY 2025) | -8.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Tirunveli Solar Project Private Limited, buy the company report.
Auditor
Tirunveli Solar Project Private Limited is audited by S R BATLIBOI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R BATLIBOI & CO LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Tirunveli Solar Project Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tirunveli Solar Project Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2026 | 101234684 | Others | ₹365 Cr | Open | |
| 10 Mar 2023 | 100694990 | Others | ₹35 Cr | Open | |
| 28 Sep 2022 | 100618724 | Others | ₹300 Cr | Open | |
| 03 Mar 2020 | 100407728 | Others | ₹283 Cr | Satisfied | |
| 13 Nov 2018 | 100243523 | Others | ₹283 Cr | Satisfied |
To see the full charge records of Tirunveli Solar Project Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Tirunveli Solar Project Private Limited has 5 deals on record (2 convertible or debt financings, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹156.34 Cr; the latest was in April 2022.
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Ayana Renewable Power Private Limited , Tirunveli Solar Project Private Limited & Shivanand Nimbargi Seller: Rays Power Infra Limited , Shining Sun Power Private Limited |
| Aug 2018 | Rights issue | ₹7 Lakh | Investors: Rays Power Infra Limited , Shining Sun Power Private Limited |
| Mar 2018 | Acquisition | Undisclosed | Buyer: Rays Power Infra Limited Seller: Shining Sun Power Private Limited , Shining Sun Power Private Limited & Varun Jairath |
To see the full deal history of Tirunveli Solar Project Private 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
Tirunveli Solar Project Private Limited has 4 court cases on record: 2 filed by Tirunveli Solar Project, 2 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 1 |
| District courts | 1 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thoothukudi, Tamil Nadu | Civil suit | Filed by the company against an individual | Pending |
| Supreme Court | Court case (0411-Indirect Taxes Matters : Classification under the Indian Tariff Act, 1934 & Customs Tariff Act, 1975) | Filed against the company by Union of India Through the Secretary Room No. 46, North Block, New Delhi , , Delhi and 3 others | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| Supreme Court | Court case | Filed against the company by Union of India | Disposed |
To see the full case history of Tirunveli Solar Project 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.
Credit ratings & regulatory alerts
Tirunveli Solar Project Private Limited was last rated by Care on 08 Jul 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 08 Jul 2026 |
To see the full credit ratings and regulatory alerts of Tirunveli Solar Project Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tirunveli Solar Project Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Tirunveli Solar Project has 8 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 |
|---|---|---|
| Tirunveli Kayathar Project Private Limited | U74999RJ2018PTC062143 | |
| Tirunveli Kothali Project Private Limited | U74999RJ2018PTC062150 | |
| Tirunveli Vanchi Project Private Limited | U74999RJ2018PTC062235 | |
| Tirunveli Kadambur Project Private Limited | U74999RJ2018PTC062236 | |
| Tirunveli Ottanatham Project Private Limited | U74999RJ2018PTC062265 | |
| Tirunveli Thennanpatti Project Private Limited | U74999RJ2018PTC062341 |
To see the full group structure of Tirunveli Solar Project Private Limited, buy the company report.
GST
Tirunveli Solar Project has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCT2891M1ZW | Tamil Nadu | Active | 09 Apr 2019 |
To see the full GST registrations and return filing status of Tirunveli Solar Project Private Limited, buy the company report.
Recent activity
Tirunveli Solar Project Private Limited has 18 board changes on record since 2019: 5 appointments and 13 cessations. The latest: Vijaykumar Madhukar Shimpi ceased to be Additional Director on 28 Sep 2023.
18 earlier events are in the company report.
Frequently asked questions
Tirunveli Solar Project is an active private limited company based in Bikaner, Rajasthan, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 05 June 2017 (9+ years old) and is registered under CIN U40100RJ2017PTC058225.
Tirunveli Solar Project has 3 current directors:
- Prakash Kenganur - Director
- Rajesh Rudrappa - Director
- Nishant Kumar - Director
The latest financial statements of Tirunveli Solar Project on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 28 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Tirunveli Solar Project is 33AAGCT2891M1ZW, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Tirunveli Solar Project is U40100RJ2017PTC058225. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tirunveli Solar Project has 4 court cases on record: 2 filed by the company and 2 filed against it. 2 are pending. Most are in the supreme court.
Tirunveli Solar Project was incorporated on 05 June 2017, making it 9+ years old. It is registered with the Registrar of Companies, Jaipur.
Tirunveli Solar Project has 5 deals on record (2 convertible or debt financings, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹156.34 Cr; the latest was in April 2022.
The peers of Tirunveli Solar Project by revenue are Adani Solar Energy Kutchh Two Private Limited, Zuvan Energy Private Limited, Clean Max Maximus Private Limited, Sunborne Energy Andhra Private Limited, Clean Max Bhoomi Private Limited and 3 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Vijaykumar Madhukar Shimpi ceased to be Additional Director on 28 Sep 2023. Vijaykumar Madhukar Shimpi was appointed as Director on 15 Jul 2023. Chandrasekar Sureshnathan ceased to be Additional Director on 30 Sep 2022. Tirunveli Solar Project has 18 board changes on record in total.
The registered office of Tirunveli Solar Project is at Survey No 565 Kanasar, Bikaner, Rajasthan, India – 334001.
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