About Usolar Assetco Two Private Limited
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Usolar Assetco Two Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 April 2023.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U35105KA2023PTC172175. Its GSTIN is 29AADCU2990H1ZY (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Kambinatham Harinarayan Rangarajan and Mudumbai Sarangapani Padma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 401 4th Floor The Excellency, Papanna Street Off St. Marks Road Bangalore 560001, Karnataka, India – 560001.
As per the financials filed for FY 2025, the company reported a revenue of ₹9.56 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹6.91 Lakh (net margin 72.3%) and EBITDA of ₹9.56 Lakh (EBITDA margin 100%).
As per MCA filings, the company has open charges of ₹60 Cr on record.
For more details, the company can be reached via its website usolar.in.
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- Registered Address401 4th Floor The Excellency, Papanna Street Off St. Marks Road Bangalore 560001, Karnataka, India – 560001
- IndustryEnvironment, Solar Energy Solutions
- 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
- One PDF report, delivered after checkout
Financials of Usolar Assetco Two Private Limited FY 2025 filings available
Usolar Assetco Two Private Limited reported revenue of ₹9.56 Lakh (up 1899% YoY) for FY 2025.
Financial Statement Summary of Usolar Assetco Two Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹9.56 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹6.91 Lakh | •••• |
| 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 of Usolar Assetco Two Private Limited
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 100% | •••• |
| Net Profit Margin | 72.3% | •••• |
| 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 | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Usolar Assetco Two are in the company report.
Financial statements from FY 2024
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Usolar Assetco Two Private Limited
Usolar Assetco Two Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunalpha Projects Private Limited | ₹10 Lakh (FY 2024) | •••• | •••• | 13233.0% | •••• | Jaipur, Rajasthan, India |
| Eg Solwin Renewables Private Limited | ₹9.74 Lakh (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Suraj Solar Power Private Limited | ₹9.66 Lakh (FY 2025) | •••• | •••• | 2948.0% | •••• | Jaipur, Rajasthan, India |
| Shri Kailash Solar Power Private Limited | ₹9.64 Lakh (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Dwarika Renewable Energy Private Limited | ₹9.63 Lakh (FY 2024) | •••• | •••• | •••• | Rajkot, Gujarat, India | |
| Usolar Assetco Two Private Limited this company | ₹9.56 Lakh (FY 2025) | •••• | •••• | 1899.0% | •••• | Bangalore, Karnataka, India |
| Alliance Renewable Power Private Limited | ₹9.55 Lakh (FY 2024) | •••• | •••• | -79.0% | •••• | Rajkot, Gujarat, India |
| Platinum Bio Green Energy Limited | ₹9.47 Lakh (FY 2025) | •••• | •••• | -64.0% | •••• | Ahmedabad, Gujarat, India |
| Akshay Urja Private Limited | ₹9.26 Lakh (FY 2025) | •••• | •••• | -81.0% | •••• | Pune, Maharashtra, India |
| Arush Cleantek Private Limited | ₹9.25 Lakh (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| TP Kaunteya Saurya Limited | ₹9.23 Lakh (FY 2025) | •••• | •••• | 321.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Usolar Assetco Two by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Usolar Assetco Two Private Limited
Usolar Assetco Two has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kambinatham Harinarayan Rangarajan Also directs: H2p2 Partners LLP, Usolar Assetco One Private Limited, U-Solar Clean Energy Solutions Private Limited and 5 more | Director | 11 Apr 2023 | 3 Years 5 Months | Current |
| Mudumbai Sarangapani Padma Also directs: H2p2 Partners LLP, Usolar Assetco One Private Limited, U-Solar Clean Energy Solutions Private Limited and 3 more | Director | 11 Apr 2023 | 3 Years 5 Months | Current |
Charges & Borrowings of Usolar Assetco Two Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Dec 2024 | Others | ₹30 Cr | Open |
| 28 Oct 2023 | State Bank of India | ₹30 Cr | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Usolar Assetco Two Private Limited
Employment history and EPFO contributions of people linked to Usolar Assetco Two.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
News related to Usolar Assetco Two Private Limited
Recent Activity on Usolar Assetco Two Private Limited
Usolar Assetco Two Private Limited has 2 board changes on record since 2023: 2 appointments. The latest: Kambinatham Harinarayan Rangarajan was appointed as Director on 11 Apr 2023.
Credit Ratings, Litigation & Regulatory Alerts for Usolar Assetco Two Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Usolar Assetco Two Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Usolar Assetco Two Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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GST Compliance of Usolar Assetco Two Private Limited
Usolar Assetco Two has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCU2990H1ZY | Karnataka | Active | 25 Sep 2023 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Usolar Assetco Two Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Usolar Assetco Two Private Limited
Usolar Assetco Two is an active private limited company based in Bangalore, Karnataka, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 11 April 2023 (3+ years old) and is registered under CIN U35105KA2023PTC172175.
Usolar Assetco Two reported revenue of ₹9.56 Lakh for FY 2025 (up 1899% YoY).
Usolar Assetco Two has 2 current directors:
- Kambinatham Harinarayan Rangarajan - Director
- Mudumbai Sarangapani Padma - Director
Usolar Assetco Two reported a net profit of ₹6.91 Lakh (net margin 72.3%) and EBITDA of ₹9.56 Lakh (EBITDA margin 100%) for FY 2025, as per its filed financial statements.
The GSTIN of Usolar Assetco Two is 29AADCU2990H1ZY, registered in Karnataka.
The CIN (Corporate Identification Number) of Usolar Assetco Two is U35105KA2023PTC172175. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Usolar Assetco Two was incorporated on 11 April 2023, making it 3+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Usolar Assetco Two by revenue are Sunalpha Projects Private Limited, Eg Solwin Renewables Private Limited, Suraj Solar Power Private Limited, Shri Kailash Solar Power Private Limited, Dwarika Renewable Energy Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Kambinatham Harinarayan Rangarajan was appointed as Director on 11 Apr 2023. Mudumbai Sarangapani Padma was appointed as Director on 11 Apr 2023.
Usolar Assetco Two can be reached through the website usolar.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Usolar Assetco Two is at 401 4th Floor The Excellency, Papanna Street Off St. Marks Road Bangalore 560001, Karnataka, India – 560001.