About TP Kirnali Solar Limited
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TP Kirnali Solar Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Tata Power Company Limited. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 23 July 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2020PLC342479. Its GSTIN is 27AAHCT9729P1ZB (Maharashtra).
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹16.87 Cr. It is led by directors including Bipin Narayan Kulkarni and Shweta Mathur.
Its last annual general meeting (AGM) was held on 25 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O The Tata Power Co. Ltd Corp. Centre 34 Sant Tukaram Rd. Carnac Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2026, the company reported a revenue of ₹9.59 Cr. For the same year it recorded a net profit of ₹4.16 Cr (net margin 43.4%) and EBITDA of ₹8.34 Cr (EBITDA margin 87%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company has open charges of ₹500 Cr on record.
For more details, the company can be reached via its website tatapower.com.
Company details
Contact details
TP Kirnali Solar Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Social Media
- Registered AddressC/O The Tata Power Co. Ltd Corp. Centre 34 Sant Tukaram Rd. Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of TP Kirnali Solar 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 TP Kirnali Solar 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 TP Kirnali Solar Limited, buy the company report.
Financials of TP Kirnali Solar Limited
FY 2025 filings availableTP Kirnali Solar Limited reported revenue of ₹9.59 Cr for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years. EBITDA fell 5% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹8.34 Cr | ||||
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| Net Profit (PAT) | ₹4.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA Margin | 87% | ||||
| Net Profit Margin | 43.4% | ||||
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To see the full financial statements and ratios of TP Kirnali Solar Limited, buy the company report.
Board of directors of TP Kirnali Solar Limited
TP Kirnali Solar has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bipin Narayan Kulkarni Also directs: TP Akkalkot Renewable Limited | Director | 23 Apr 2023 | 3 Years 6 Months | Current |
| Shweta Mathur | Director | 28 Apr 2023 | 3 Years 5 Months | Current |
| Danish Afroz | Director | 11 Jan 2022 | 4 Years 9 Months | Current |
Peer comparison
TP Kirnali Solar Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| TP Kirnali Solar Limitedthis company | ₹9.59 Cr (FY 2026) | ₹4.16 Cr | 43.4% | Mumbai, Maharashtra, India | ||
| Azure Power (Rajasthan) Private Limited | ₹9.58 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Dante Energy Private Limited | ₹9.57 Cr (FY 2024) | 187.0% | Mumbai, Maharashtra, India | |||
| Swelect Green Energy Solutions Private Limited | ₹9.53 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Green Infra Solar Energy Private Limited | ₹9.52 Cr (FY 2025) | -51.0% | Gurgaon, Haryana, India |
To see the full peer comparison of TP Kirnali Solar Limited, buy the company report.
Auditor
TP Kirnali Solar Limited is audited by S R B C & CO LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2021 | 324982E/E300003 |
Shareholding
The shareholding of TP Kirnali Solar Limited is on record for FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of TP Kirnali Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2024 | 101019306 | Sbicap Trustee Company Limited | ₹500 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving TP Kirnali Solar 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
No delayed payments to MSME suppliers are on our record for TP Kirnali Solar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
TP Kirnali Solar Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
TP Kirnali Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT9729P1ZB | Maharashtra | Active | 14 Oct 2020 |
To see the full GST registrations and return filing status of TP Kirnali Solar Limited, buy the company report.
Recent activity
TP Kirnali Solar Limited has 14 board changes on record since 2021: 4 appointments and 10 cessations. The latest: Bipin Narayan Kulkarni ceased to be Additional Director on 27 Sep 2023.
6 earlier events are in the company report.
Frequently asked questions
TP Kirnali Solar is an active public limited company based in Mumbai, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 23 July 2020 (6+ years old) and is registered under CIN U40106MH2020PLC342479.
TP Kirnali Solar has 3 current directors:
- Bipin Narayan Kulkarni - Director
- Shweta Mathur - Director
- Danish Afroz - Director
The latest financial statements of TP Kirnali Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 June 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of TP Kirnali Solar is 27AAHCT9729P1ZB, registered in Maharashtra.
The CIN (Corporate Identification Number) of TP Kirnali Solar is U40106MH2020PLC342479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TP Kirnali Solar was incorporated on 23 July 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of TP Kirnali Solar by revenue are Azure Power (Rajasthan) Private Limited, Dante Energy Private Limited, Swelect Green Energy Solutions Private Limited, Green Infra Solar Energy Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Bipin Narayan Kulkarni ceased to be Additional Director on 27 Sep 2023. Shweta Mathur ceased to be Additional Director on 27 Sep 2023. Satish Ramesh Bhat ceased to be Director on 30 Apr 2023. TP Kirnali Solar has 14 board changes on record in total.
TP Kirnali Solar can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of TP Kirnali Solar is at CO The Tata Power Co. Ltd Corp. Centre 34 Sant Tukaram Rd. Carnac Bunder, Mumbai, Maharashtra, India – 400009.
TP Kirnali Solar operates in the energy and power industry, in the power transmission and distribution services segment.