About Torrent Solargen Limited
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Torrent Solargen Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Power Limited. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 09 September 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40102GJ2008PLC055000. Its GSTIN is 24AADCT0483G1ZJ (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹280.18 Cr. It was formerly known as Torrent Power Distribution Services Limited and Torrent Power Bhiwandi Limited. It is led by directors including Pradip Jayantilal Mehta and Luna Tapan Pal.
Its last annual general meeting (AGM) was held on 04 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at ''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹182.17 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹34.26 Cr (net margin -18.8%) and EBITDA of ₹152.44 Cr (EBITDA margin 83.7%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 49% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹550 Cr and satisfied charges of ₹700.05 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it. The company has 3 deals on record (2 rights issues, 1 debt financing), with disclosed funding of ₹550 Cr; the latest was in September 2024. Its 5 peer companies in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 3 smaller; the largest is Beta Wind Farm Private Limited with revenue of ₹186.43 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website torrentpower.com.
Company details
Name history
Torrent Solargen has undergone 2 name changes throughout its history. The company was previously known as Torrent Power Distribution Services Limited, and Torrent Power Bhiwandi Limited. The current legal name is Torrent Solargen Limited.
| Company Name | Status |
|---|---|
| Torrent Solargen Limited | Current |
| Torrent Power Distribution Services Limited | Previous |
| Torrent Power Bhiwandi Limited | Previous |
Contact details
Torrent Solargen Limited's registered office is in Ahmedabad, Gujarat. Its website is torrentpower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Torrent Solargen 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 Torrent Solargen 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 Torrent Solargen Limited, buy the company report.
Financials of Torrent Solargen Limited
FY 2025 filings availableTorrent Solargen Limited reported revenue of ₹182.17 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 49%. EBITDA fell 7% 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 | ₹152.44 Cr | ||||
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| Net Profit (PAT) | -₹34.26 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 | 83.7% | ||||
| Net Profit Margin | -18.8% | ||||
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To see the full financial statements and ratios of Torrent Solargen Limited, buy the company report.
Board of directors and KMP of Torrent Solargen Limited
Torrent Solargen Limited currently reports 4 directors and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradip Jayantilal Mehta Also directs: Radiant Urja LLP, Latur Renewable Private Limited, Jodhpur Wind Farms Private Limited and 4 more | Director | 31 Mar 2014 | 12 Years 6 Months | Current |
| Luna Tapan Pal Also directs: Latur Renewable Private Limited, Jodhpur Wind Farms Private Limited, Gujarat Lease Financing Limited and 5 more | Director | 17 May 2024 | 2 Years 5 Months | Current |
| Rujvi Paras Shah | Company Secretary | 23 May 2023 | 3 Years 5 Months | Current |
| Lachman Nandiram Lalwani Also directs: Latur Renewable Private Limited, Jodhpur Wind Farms Private Limited, Newzone India Private Limited and 5 more | Director | 27 Jul 2020 | 6 Years 2 Months | Current |
| Nisarg Bimal Shah Also directs: Newzone India Private Limited, Newzone India Private Limited, Torrent Saurya Urja 4 Private Limited and 5 more | Director | 15 Sep 2022 | 4 Years 1 Months | Current |
Peer comparison
Torrent Solargen Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Wind 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 |
|---|---|---|---|---|---|---|
| Beta Wind Farm Private Limited | ₹186.43 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| JSW Vayu (Sabarmati) Private Limited | ₹184.42 Cr (FY 2025) | 0.0% | Hyderabad, Telangana, India | |||
| Torrent Solargen Limitedthis company | ₹182.17 Cr (FY 2025) | -₹34.26 Cr | -18.8% | -1.0% | Ahmedabad, Gujarat, India | |
| Devarahipparigi Wind Power Private Limited | ₹180.3 Cr (FY 2024) | 35.0% | Bangalore, Karnataka, India | |||
| Nupower Renewables Private Limited | ₹180.07 Cr (FY 2025) | 1.0% | Mumbai, Maharashtra, India | |||
| Avikiran Surya India Private Limited | ₹176.32 Cr (FY 2025) | 2.0% | Gurugram, Haryana, India |
To see the full peer comparison of Torrent Solargen Limited, buy the company report.
Auditor
Torrent Solargen Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Torrent Solargen 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) | |||||
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| Others |
To see the full shareholding pattern of Torrent Solargen Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2022 | 100599524 | Idbi Trusteeship Services Limited | ₹550 Cr | Open | |
| 30 Nov 2021 | 100509760 | Others | ₹4.5 Lakh | Satisfied | |
| 17 Sep 2021 | 100483195 | Standard Chartered Bank | ₹700 Cr | Satisfied |
To see the full charge records of Torrent Solargen Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Torrent Solargen Limited has 3 deals on record (2 rights issues, 1 debt financing), with disclosed funding of ₹550 Cr; the latest was in September 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Rights issue | ₹200.13 Cr | Investors: Torrent Power Limited |
| May 2022 | Debt financing | ₹550 Cr | Investors: Niif Infrastructure Finance Limited |
| Dec 2014 | Rights issue | ₹80 Cr | Investors: Torrent Power Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Torrent Solargen Limited has 6 court cases on record: 2 filed by Torrent Solargen, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Civil suit | Filed against the company by individuals | Disposed |
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Civil suit | Filed against the company by individuals | Disposed |
| District court, Devbhumi Dwarka at Khambhaliya, Gujarat | Civil suit | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against an individual | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company | Disposed |
To see the full case history of Torrent Solargen 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
Torrent Solargen Limited was last rated by Indiarating on 25 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 25 Oct 2021 |
To see the full credit ratings and regulatory alerts of Torrent Solargen Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Torrent Solargen Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Torrent Solargen has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCT0483G1ZJ | Gujarat | Active | 01 Jul 2017 |
| 24AADCT0483G2ZI | Gujarat | Active | 21 May 2025 |
| 27AADCT0483G1ZD | Maharashtra | Active | 04 Oct 2018 |
To see the full GST registrations and return filing status of Torrent Solargen Limited, buy the company report.
Recent activity
Torrent Solargen Limited has 17 board changes on record since 2014: 5 appointments and 12 cessations. The latest: Luna Tapan Pal ceased to be Additional Director on 24 Jul 2024.
13 earlier events are in the company report.
News
Frequently asked questions
Torrent Solargen is an active public limited company based in Ahmedabad, Gujarat, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 09 September 2008 (18+ years old) and is registered under CIN U40102GJ2008PLC055000.
Torrent Solargen has 5 current directors and KMP:
- Pradip Jayantilal Mehta - Director
- Luna Tapan Pal - Director
- Lachman Nandiram Lalwani - Director
- Nisarg Bimal Shah - Director
- Rujvi Paras Shah - Company Secretary
The latest financial statements of Torrent Solargen on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Torrent Solargen is 24AADCT0483G1ZJ, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AADCT0483G2ZI (Gujarat), 27AADCT0483G1ZD (Maharashtra).
The CIN (Corporate Identification Number) of Torrent Solargen is U40102GJ2008PLC055000. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Torrent Solargen has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the district courts.
Torrent Solargen was incorporated on 09 September 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Torrent Solargen has 3 deals on record (2 rights issues, 1 debt financing), with disclosed funding of ₹550 Cr; the latest was in September 2024.
The peers of Torrent Solargen by revenue are Beta Wind Farm Private Limited, JSW Vayu (Sabarmati) Private Limited, Devarahipparigi Wind Power Private Limited, Nupower Renewables Private Limited, Avikiran Surya India Private Limited, all in the Cleantech industry (Wind Power), with the same principal business activity (electric power generation, transmission and distribution).
Luna Tapan Pal ceased to be Additional Director on 24 Jul 2024. Luna Tapan Pal was appointed as Director on 17 May 2024. Nisarg Bimal Shah ceased to be Additional Director on 03 Aug 2023. Torrent Solargen has 17 board changes on record in total.
Torrent Solargen can be reached through the website torrentpower.com. Its registered office is in Ahmedabad, Gujarat, India.