About True Solar Private Limited
Data last updated: 27 February 2026
True Solar Private Limited is a private limited company based in Bhubaneswar, Orissa, India. It specialises in special-purpose machinery, a part of the broader industrial manufacturing sector. Incorporated on 04 February 2016, the company has been in operation for over 10 years.
Registered with ROC Cuttack under CIN U29253OR2016PTC019873.
Capital: an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ankur B Patel and Priyadarshini Pradhan.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No – 4071/B Samantaray Colony Ravi Talkies Road, Bhubaneswar, Orissa, India – 751002.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.66 Lakh, a growth of 76% compared to the previous year.
The company is associated with 1 brand - Driev.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website truesolar.in.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered AddressPlot No – 4071/B Samantaray Colony Ravi Talkies Road, Bhubaneswar, Orissa, India – 751002
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IndustryIndustrial Manufacturing, Special Purpose Machinery, Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with True Solar Private Limited
True Solar Private Limited operates one associated brand: driEV. These brands represent True Solar Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| An online platform for electric scooter rentals. | driev.bike |
Competitors & Alternatives of True Solar Private Limited
Brands and companies operating in the same space as True Solar Private Limited include Exa Mobility, Flyy, VA-YU and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Exa Mobility
|
Electric two-wheelers are rented through a dedicated platform. | Pune, India, India | 2018 |
Flyy
|
Horizontal metaverse platform is developed for virtual world socialization. | New York, United States, United States | 2019 |
VA-YU
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Operates an online platform for e-scooter rentals, providing convenient urban mobility solutions. | Delhi, India, India | 2019 |
Ghoom
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Operates an app-based platform for electric scooter rental services. | New Delhi, India, India | 2018 |
Dabadigo
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App-based rental of electric scooters in Kolkata without license requirements. | Kolkata, India, India | 2016 |
Your Green Ride
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A mobile-based platform for e-scooter ridesharing. | Bengaluru, India, India | 2015 |
EVRent
|
Provides an online platform for renting electric scooters. | Pune, India, India | 2019 |
Business Activity of True Solar Private Limited
True Solar Private Limited is engaged in the principal business activity of professional, scientific and technical, with detailed activities including other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities | ********* |
Auditor Details of True Solar Private Limited
True Solar Private Limited is audited by MANAS DASH & CO. for the financial year 2017. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANAS DASH & CO. | blur-value | blur-value | blur-value |
Board of Directors of True Solar Private Limited
True Solar Private Limited is currently managed by 2 directors, with 4 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Ankur B Patel
Also directs:
Techsofin Private Limited
|
Director | 08 Dec 2017 | 8 Years 7 Months | Current |
| Priyadarshini Pradhan | Additional Director | 21 Apr 2021 | 5 Years 2 Months | Current |
Financials of True Solar Private Limited FY 2025 filings available
True Solar Private Limited reported revenue of ₹18.66 Lakh (up 76% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.
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| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Shareholding Pattern of True Solar Private Limited
As of FY 2017, True Solar Private Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.
| Year | 2025 |
|---|---|
| Promoters | 33.19% |
| DII | 23.22% |
| FII | 18.28% |
| Public | 22.89% |
| Others | 2.42% |
Charges & Borrowings True Solar Private Limited
True Solar Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at True Solar Private Limited
View historical data on people associated with True Solar Private Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of True Solar Private Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of True Solar Private Limited
GSTIN & GST Filing Data of True Solar Private Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for True Solar Private Limited
Credit Ratings, Legal Cases & Regulatory Alerts of True Solar Private Limited
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MSME Payment Delays by True Solar Private Limited
MSME Payment Delays by True Solar Private Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of True Solar Private Limited
Subsidiaries & Group Companies of True Solar Private Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of True Solar Private Limited with ownership details.
MCA Filings & Documents of True Solar Private Limited
MCA Filings & Documents of True Solar Private Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on True Solar Private Limited
Frequently Asked Questions about True Solar Private Limited
True Solar Private Limited is an active private limited company in the industrial manufacturing sector based in Bhubaneswar, Orissa, India. It was incorporated on 04 February 2016 (10+ years old) and is registered under CIN U29253OR2016PTC019873.
True Solar Private Limited reported revenue of ₹18.66 Lakh for FY 2025 (up 76.00% YoY).
The current directors of True Solar Private Limited are:
The primary industry of True Solar Private Limited is industrial manufacturing. The company specifically operates in special purpose machinery. The company is currently active in this sector.
True Solar Private Limited can be reached at the registered office: Plot No – 4071B Samantaray Colony Ravi Talkies Road, Bhubaneswar, Orissa, India – 751002, or through the website truesolar.in.
The authorised capital is ₹10 Lakh, and the paid-up capital is ₹1 Lakh.