About TP Solar Limited
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TP Solar Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Power Renewable Energy Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 29 June 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40100MH2022PLC385685. Its GSTIN is 33AAJCT5014D1ZR (Tamil Nadu).
The company has an authorised share capital of ₹1,500 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Sanjeev Churiwala and Mahesh Dinkar Paranjpe.
Its last annual general meeting (AGM) was held on 17 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at The Tata Power Co. Ltd Corporate Centre 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
As per the financials filed for FY 2026, the company reported a revenue of ₹6,995.24 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹856.63 Cr (net margin 12.2%) and EBITDA of ₹1,743.62 Cr (EBITDA margin 24.9%).
The company has about 262 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: TP Solar. As per MCA filings, the company has open charges of ₹2,100 Cr on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 5 cases are pending.
For more details, the company can be reached via its website tpsolarltd.com.
Company details
Contact details
TP Solar Limited's registered office is in Mumbai, Maharashtra. Its website is tpsolarltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressThe Tata Power Co. Ltd Corporate Centre 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of TP 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
Brands
TP Solar operates one associated brand: TP Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar photovoltaic cells and modules for global energy projects and supplies worldwide. | tpsolarltd.com |
Business activity
The main business activity of TP Solar is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of TP Solar Limited, buy the company report.
Financials of TP Solar Limited
FY 2026 filings availableTP Solar Limited reported revenue of ₹6,995.24 Cr (up 31% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 31% in the latest year. EBITDA rose 99% in the latest 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹6,995.24 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1,743.62 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹856.63 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 24.9% | |||
| Net Profit Margin | 12.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of TP Solar Limited, buy the company report.
Board of directors of TP Solar Limited
TP Solar has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Churiwala Also directs: TP Saurya Limited, Prayagraj Power Generation Company Limited, Tata Power EV Charging Solutions Limited and 2 more | Director | 29 Jun 2022 | 4 Years 4 Months | Current |
| Mahesh Dinkar Paranjpe Also directs: TP Saurya Limited, Tata Power EV Charging Solutions Limited, TP Kirnali Limited and 3 more | Director | 29 Jun 2022 | 4 Years 4 Months | Current |
| Sanjay Kumar Banga Also directs: TP Saurya Limited, Tata Power Renewable Energy Limited, Tata Power Green Energy Limited and 5 more | Director | 27 May 2025 | 1 Years 5 Months | Current |
| Nishi Vasudeva | Director | 15 Jul 2025 | 1 Years 3 Months | Current |
Auditor
TP Solar Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2026 | 101049W/E300004 |
Shareholding
The shareholding of TP Solar Limited is on record for 3 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of TP Solar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2024 | 100954196 | Others | ₹2,100 Cr | Open |
Total charge records: 1 View all charges
Legal cases
TP Solar Limited has 16 court cases on record: 4 filed by TP Solar, 12 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 10 | 4 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tirunelveli, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed by the company against individuals | Pending |
| High Court, TAMIL NADU | Writ petition | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed against the company by an individual | Pending |
| District court, Tirunelveli, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of TP Solar 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
TP Solar Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 88 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Shilpakruti Marketings Private Limited | |||
| an individual supplier | |||
| Inde Enterprises | |||
| an individual supplier | |||
| Bydesign India Private Limited |
To see the full MSME payment records of TP Solar Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
TP Solar Limited has a workforce of 262 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
TP Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCT5014D1ZR | Tamil Nadu | Active | 16 Jul 2022 |
To see the full GST registrations and return filing status of TP Solar Limited, buy the company report.
Recent activity
TP Solar Limited has 9 board changes on record since 2022: 5 appointments and 4 cessations. The latest: Nishi Vasudeva ceased to be Additional Director on 10 Aug 2025.
1 earlier event is in the company report.
News
Frequently asked questions
TP Solar is an active public limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 29 June 2022 (4+ years old) and is registered under CIN U40100MH2022PLC385685.
TP Solar has 4 current directors:
- Sanjeev Churiwala - Director
- Mahesh Dinkar Paranjpe - Director
- Sanjay Kumar Banga - Director
- Nishi Vasudeva - Director
The latest financial statements of TP Solar on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 June 2026. Year-wise statements from FY 2023 are in the company report.
The GSTIN of TP Solar is 33AAJCT5014D1ZR, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of TP Solar is U40100MH2022PLC385685. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TP Solar has 16 court cases on record: 4 filed by the company and 12 filed against it. 5 are pending. Most are in the high courts.
TP Solar was incorporated on 29 June 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Nishi Vasudeva ceased to be Additional Director on 10 Aug 2025. Sanjay Kumar Banga ceased to be Additional Director on 10 Aug 2025. Nishi Vasudeva was appointed as Director on 15 Jul 2025. TP Solar has 9 board changes on record in total.
TP Solar has 5 MSME Form 1 returns on record between 2023 and 2024, listing 88 overdue payments to 8 micro and small suppliers. The latest return was filed on 30 Apr 2024.
TP Solar can be reached through the website tpsolarltd.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of TP Solar is at The Tata Power Co. Ltd Corporate Centre 34 Sant Tukaram Road Carnac Bunder, Mumbai, Maharashtra, India – 400009.
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