About Universal Mine Developers and Service Providers Private Limited
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Universal Mine Developers and Service Providers Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Virescent Renewable Energy Trust. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U10100MH2008PTC184554. Its GSTIN is 27AAMCS1637G1Z7 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹67 Cr. It was formerly known as Sp Research Laboratories Private Limited. It is led by directors Apoorv Vinodbhai Darji and Ravi Swapna.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 101 First Floor Windsor, Village Kolekalyan Off Cst Road Vidyanagari Marg Kalina Santacruz (East) Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.71 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹55.8 Lakh (net margin 1.8%) and EBITDA of ₹28.83 Cr (EBITDA margin 90.9%).
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹162 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 3 cases are pending. The company has 10 deals on record (5 acquisitions, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹20.12 Cr; the latest was in September 2021. Its 6 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 3 larger and 3 smaller; the largest is Punarvi Energies Limited with revenue of ₹31.86 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 9 overdue payments to 4 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website indigrid.co.in.
Company details
CIN history
Universal Mine Developers and Service Providers has one previous CIN (Corporate Identification Number): U74999MH2008PTC184554. The current CIN is U10100MH2008PTC184554, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U10100MH2008PTC184554 | Current |
| U74999MH2008PTC184554 | Previous |
Contact details
Universal Mine Developers and Service Providers Private Limited's registered office is in Mumbai, Maharashtra. Its website is indigrid.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 101 First Floor Windsor, Village Kolekalyan Off Cst Road Vidyanagari Marg Kalina Santacruz (East) Mumbai, Maharashtra, India – 400098
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Universal Mine Developers and Service Providers 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
Business activity
The main business activity of Universal Mine Developers and Service Providers 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 Universal Mine Developers and Service Providers Private Limited, buy the company report.
Financials of Universal Mine Developers and Service Providers Private Limited
FY 2025 filings availableUniversal Mine Developers and Service Providers Private Limited reported revenue of ₹31.71 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year. EBITDA fell 1% 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 | ₹28.83 Cr | ||||
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| Net Profit (PAT) | ₹55.8 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 90.9% | ||||
| Net Profit Margin | 1.8% | ||||
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To see the full financial statements and ratios of Universal Mine Developers and Service Providers Private Limited, buy the company report.
Board of directors and KMP of Universal Mine Developers and Service Providers Private Limited
Universal Mine Developers and Service Providers Private Limited currently reports 2 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Payal Viral Gandhi Also directs: Rife Advisors LLP | Company Secretary | 15 Jul 2022 | 4 Years 3 Months | Current |
| Apoorv Vinodbhai Darji Also directs: Globus Steel & Power Private Limited, PLG Photovoltaic Private Limited, Terralight Solar Energy Nangla Private Limited and 5 more | Director | 14 May 2025 | 1 Years 5 Months | Current |
| Ravi Swapna Also directs: Globus Steel & Power Private Limited, PLG Photovoltaic Private Limited, Terralight Solar Energy Nangla Private Limited and 5 more | Director | 23 Jul 2025 | 1 Years 3 Months | Current |
Peer comparison
Universal Mine Developers and Service Providers Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Punarvi Energies Limited | ₹31.86 Cr (FY 2025) | 316.0% | Hyderabad, Telangana, India | |||
| PLG Photovoltaic Private Limited | ₹31.77 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Deligentia Energy and Infrastructures Private Limited | ₹31.74 Cr (FY 2025) | 0.0% | Ahmedabad, Gujarat, India | |||
| Universal Mine Developers and Service Providers Private Limitedthis company | ₹31.71 Cr (FY 2025) | ₹55.8 Lakh | 1.8% | -3.0% | 4 | Mumbai, Maharashtra, India |
| Renew Wind Energy (Maharashtra) Private Limited | ₹31.68 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Renew Sunlight Energy Private Limited | ₹31.42 Cr (FY 2025) | 16.0% | New Delhi, Delhi, India | |||
| Ampin Urja Private Limited | ₹31.29 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India |
To see the full peer comparison of Universal Mine Developers and Service Providers Private Limited, buy the company report.
Auditor
Universal Mine Developers and Service Providers Private Limited is audited by MSKA & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSKA & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Universal Mine Developers and Service Providers Private 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 Universal Mine Developers and Service Providers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2015 | 10594379 | Sbicap Trustee Company Limited | ₹162 Cr | Satisfied |
To see the full charge records of Universal Mine Developers and Service Providers Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Universal Mine Developers and Service Providers Private Limited has 10 deals on record (5 acquisitions, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹20.12 Cr; the latest was in September 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: Virescent Renewable Energy Trust & Terra Asia Holdinds I Pte Limited, Virescent Renewable Energy Trust Seller: KKR India Private Equity, Terra Asia Holdings Ii Pte Ltd. & Terra Asia Holdings I Pte Ltd., Shapoorji Pallonji Infrastructure Capital Company Private Limited |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: Terra Asia Holdings Ii Pte Ltd. & Terra Asia Holdings I Pte Ltd., KKR India Private Equity Seller: Shapoorji Pallonji Solar Holdings Private Limited & Sunil Kulkarni, Shapoorji Pallonji Solar Holdings Private Limited |
| Sep 2020 | Debt financing | ₹2.4 Lakh | Investors: Shapoorji Pallonji Solar Holdings Private Limited |
| Oct 2018 | Funding round | ₹20.1 Cr | Investors: Shapoorji Pallonji Infrastructure Capital Company Private Limited |
| Apr 2017 | Acquisition | Undisclosed | Buyer: Shapoorji Pallonji Solar Holdings Private Limited Seller: Shapoorji Pallonji Infrastructure Capital Company Private Limited |
To see the full deal history of Universal Mine Developers and Service Providers 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
Universal Mine Developers and Service Providers Private Limited has 5 court cases on record: 5 filed by Universal Mine Developers and Service Providers. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 3 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against Tamil Nadu Electricity Regulatory Commission and 3 others | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Tamil Nadu Electricity Regulatory Commission and 3 others | Pending |
| Bombay High Court | Court case (CSD) | Filed by the company | Disposed |
| Bombay High Court | Court case (CSP) | Filed by the company against an individual | Disposed |
To see the full case history of Universal Mine Developers and Service Providers 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
Universal Mine Developers and Service Providers Private Limited was last rated by Icra on 28 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 28 Oct 2020 |
To see the full credit ratings and regulatory alerts of Universal Mine Developers and Service Providers Private Limited, buy the company report.
MSME payment delays
Universal Mine Developers and Service Providers Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 9 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Strumento Technologies India | |||
| Skyfri Energy Private Limited | |||
| MRB Associates | |||
| Orient Technologies Limited |
To see the full MSME payment records of Universal Mine Developers and Service Providers Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Universal Mine Developers and Service Providers Private Limited has a workforce of 4 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Universal Mine Developers and Service Providers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS1637G1Z7 | Maharashtra | Active | 01 Jul 2017 |
| 33AAMCS1637G1ZE | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Universal Mine Developers and Service Providers Private Limited, buy the company report.
Recent activity
Universal Mine Developers and Service Providers Private Limited has 18 board changes on record since 2013: 3 appointments and 15 cessations. The latest: Apoorv Vinodbhai Darji ceased to be Additional Director on 11 Sep 2025.
12 earlier events are in the company report.
Frequently asked questions
Universal Mine Developers and Service Providers is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 11 July 2008 (18+ years old) and is registered under CIN U10100MH2008PTC184554.
Universal Mine Developers and Service Providers has 3 current directors and KMP:
- Apoorv Vinodbhai Darji - Director
- Ravi Swapna - Director
- Payal Viral Gandhi - Company Secretary
The latest financial statements of Universal Mine Developers and Service Providers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Universal Mine Developers and Service Providers is 27AAMCS1637G1Z7, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAMCS1637G1ZE (Tamil Nadu).
The CIN (Corporate Identification Number) of Universal Mine Developers and Service Providers is U10100MH2008PTC184554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Universal Mine Developers and Service Providers has 5 court cases on record: 5 filed by the company. 3 are pending.
Universal Mine Developers and Service Providers was incorporated on 11 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Universal Mine Developers and Service Providers has 10 deals on record (5 acquisitions, 3 secondary share transfers, 1 funding round), with disclosed funding of ₹20.12 Cr; the latest was in September 2021.
The peers of Universal Mine Developers and Service Providers by revenue are Punarvi Energies Limited, PLG Photovoltaic Private Limited, Deligentia Energy and Infrastructures Private Limited, Renew Wind Energy (Maharashtra) Private Limited, Renew Sunlight Energy Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Apoorv Vinodbhai Darji ceased to be Additional Director on 11 Sep 2025. Ravi Swapna ceased to be Additional Director on 11 Sep 2025. Ravi Swapna was appointed as Director on 23 Jul 2025. Universal Mine Developers and Service Providers has 18 board changes on record in total.
Universal Mine Developers and Service Providers has 4 MSME Form 1 returns on record between 2021 and 2023, listing 9 overdue payments to 4 micro and small suppliers. The latest return was filed on 08 Dec 2023.
Universal Mine Developers and Service Providers can be reached through the website indigrid.co.in. Its registered office is in Mumbai, Maharashtra, India.