MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0010110
U-Solar Clean Energy Solutions Private Limited - trading in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹204.34 Cr
▲ 137% YoY
Net profit · FY 2024
₹6.64 Cr
Net margin 3.3%
EBITDA · FY 2024
₹31.36 Cr
EBITDA margin 15.3%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹4.52 Cr
Issued & subscribed
Open charges
₹299.04 Cr
Satisfied ₹98.85 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
109
Provident fund records
About U-Solar Clean Energy Solutions Private Limited
Data last updated:
U-Solar Clean Energy Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the retail trade segment of the trading and commerce sector. It was incorporated on 14 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U40106KA2010PTC055134. Its GSTIN is 29AABCU2177L1ZW (Karnataka). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹4.52 Cr. It is led by directors including Kambinatham Harinarayan Rangarajan and Mudumbai Sarangapani Padma.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 12/5/5 Lavelle Road Richmond Town, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹204.34 Cr, a growth of 137% compared to the previous year. For the same year it recorded a net profit of ₹6.64 Cr (net margin 3.3%) and EBITDA of ₹31.36 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years and 52% over five years.
The company has about 109 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: U-Solar Clean Energy. As per MCA filings, the company has open charges of ₹299.04 Cr and satisfied charges of ₹98.85 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 6 cases are pending. The company has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹6.93 Cr; the latest was in March 2024.
U-Solar Clean Energy Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0010110). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website usolar.in.
Company details
CIN U40106KA2010PTC055134
Registration Number 055134
Incorporation Date 14 September 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0010110
Key People
Kambinatham Harinarayan Rangarajan Director Mudumbai Sarangapani Padma Director Praveen Kumar Additional Director Recognitions & Rankings of U-Solar Clean Energy Solutions
Contact details
U-Solar Clean Energy Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is usolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12/5/5 Lavelle Road Richmond Town, Bangalore, Karnataka, India – 560001
- IndustryTrading, Retailers, Retail Trading
To see the full contact details of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Comprehensive company report
U-Solar Clean Energy Solutions Private Limited - one report that includes everything
- 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
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Brands
U-Solar Clean Energy Solutions operates one associated brand: U-Solar Clean Energy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of solar power solutions for industrial, commercial, and residential sector | usolar.in |
Business activity
The main business activity of U-Solar Clean Energy Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Financials of U-Solar Clean Energy Solutions Private Limited
FY 2024 filings availableU-Solar Clean Energy Solutions Private Limited reported revenue of ₹204.34 Cr (up 137% YoY) for FY 2024.
Revenue · FY 2024
₹204.34 Cr ▲ 137%
Net profit · FY 2024
₹6.64 Cr margin 3.3%
EBITDA · FY 2024
₹31.36 Cr margin 15.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 137%
3 years · compounded
▲ 88%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 144%
5 years · compounded
▲ 67%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 137% growth in the latest year. EBITDA rose 107% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹31.36 Cr | ||||
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| Net Profit (PAT) | ₹6.64 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 3.3% | ||||
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To see the full financial statements and ratios of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Board of directors of U-Solar Clean Energy Solutions Private Limited
U-Solar Clean Energy Solutions has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kambinatham Harinarayan Rangarajan Also directs: H2p2 Partners LLP, Usolar Assetco One Private Limited, Usolar Assetco Two Private Limited and 5 more | Director | 14 Sep 2010 | 16 Years 1 Months | Current |
| Mudumbai Sarangapani Padma Also directs: H2p2 Partners LLP, Usolar Assetco One Private Limited, Usolar Assetco Two Private Limited and 3 more | Director | 31 May 2011 | 15 Years 4 Months | Current |
| Praveen Kumar | Additional Director | 01 Jun 2023 | 3 Years 4 Months | Current |
Auditor
U-Solar Clean Energy Solutions Private Limited is audited by ROSHAN MANSOOR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ROSHAN MANSOOR & CO | FY 2023 | 013607S |
Shareholding
The shareholding of U-Solar Clean Energy Solutions 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹299.04 Cr
Satisfied charges
₹98.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2025 | 101204328 | Others | ₹10 Cr | Open | |
| 30 Sep 2025 | 101174384 | Others | ₹25 Cr | Open | |
| 30 Jul 2025 | 101132521 | Others | ₹3 Cr | Open | |
| 26 Jul 2025 | 101164216 | Others | ₹20 Cr | Open | |
| 06 Aug 2024 | 100961829 | Others | ₹50 Cr | Open |
To see the full charge records of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
U-Solar Clean Energy Solutions Private Limited has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹6.93 Cr; the latest was in March 2024.
Total deals
9
Funding rounds
4
Secondary share transfers
3
Rights issues
2
Disclosed funding
₹6.93 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹5 Cr | Investors: an individual |
| Jul 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2022 | Rights issue | ₹8.08 Cr | Investors: an individual |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2021 | Funding round | ₹3 Cr | Investors: 2 individuals |
To see the full deal history of U-Solar Clean Energy Solutions 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
U-Solar Clean Energy Solutions Private Limited has 13 court cases on record: 9 filed by U-Solar Clean Energy Solutions, 4 filed against it. 6 cases are pending and 7 are disposed.
Total cases
13
Filed by the company
9
Filed against the company
4
Pending
6
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 4 | 6 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, YADGIR, Karnataka | Civil suit | Filed against the company by M/S Zerach Solar Private Limited Having Registered Office | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Wish Energy Solutions Pvt Ltd Rep by Amol Shende | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Gensol Consultants Pvt.Ltd., Reptd., by Anmol Singh Jaggi and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal miscellaneous application | Filed against the company by M/S Rahul Enterprises | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of U-Solar Clean Energy Solutions 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
U-Solar Clean Energy Solutions Private Limited was last rated by Crisil on 06 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Aug 2021 |
To see the full credit ratings and regulatory alerts of U-Solar Clean Energy Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for U-Solar Clean Energy Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
U-Solar Clean Energy Solutions has 3 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Uvs Renewable Energy (Indiaa) Private Limited | U29100KA2022PTC157681 | |
| U-Solar Energy Services Private Limited | U74999KA2020PTC141700 | |
| Blusolar Energy Ventures Private Limited | U74999KA2022PTC168339 |
To see the full group structure of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Employees & EPFO
U-Solar Clean Energy Solutions Private Limited has a workforce of 109 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
109
Active EPFO establishments
1
Employee growth
39.74%
GST
U-Solar Clean Energy Solutions has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCU2177L1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of U-Solar Clean Energy Solutions Private Limited, buy the company report.
Recent activity
U-Solar Clean Energy Solutions Private Limited has 4 board changes on record since 2010: 3 appointments and 1 cessation. The latest: Praveen Kumar was appointed as Additional Director on 01 Jun 2023.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101204328 was registered on 09 Dec 2025.
Charges
A charge registered on 18 Apr 2024 via Charge ID 100916307 with Others was fully satisfied on 18 Nov 2025.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 101174384 was registered on 30 Sep 2025.
Charges
A charge with Others amounted to Rs. 3.00 Cr with Charge ID 101132521 was registered on 30 Jul 2025.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101164216 was registered on 26 Jul 2025.
Charges
A charge with State Bank Of India of Rs. 2.49 Cr registered on 29 Jul 2019 with Charge ID 100286322 was modified on 23 Jul 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 50.00 Cr registered on 23 Nov 2023 with Charge ID 100914102 was modified on 15 Nov 2024.
AGM
U-Solar Clean Energy Solutions Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100961829 was registered on 06 Aug 2024.
Charges
A charge with Others amounted to Rs. 79.50 Cr with Charge ID 100916307 was registered on 18 Apr 2024.
Filing
U-Solar Clean Energy Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 70.65 Cr with Charge ID 100892413 was registered on 13 Mar 2024.
25 earlier events are in the company report.
Frequently asked questions
U-Solar Clean Energy Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in retailers, within the trading industry. It was incorporated on 14 September 2010 (16+ years old) and is registered under CIN U40106KA2010PTC055134.
U-Solar Clean Energy Solutions has 3 current directors:
- Kambinatham Harinarayan Rangarajan - Director
- Mudumbai Sarangapani Padma - Director
- Praveen Kumar - Additional Director
The latest financial statements of U-Solar Clean Energy Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of U-Solar Clean Energy Solutions is 29AABCU2177L1ZW, registered in Karnataka. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of U-Solar Clean Energy Solutions is U40106KA2010PTC055134. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
U-Solar Clean Energy Solutions has 13 court cases on record: 9 filed by the company and 4 filed against it. 6 are pending. Most are in the district courts.
U-Solar Clean Energy Solutions was incorporated on 14 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
U-Solar Clean Energy Solutions has 9 deals on record (4 funding rounds, 3 secondary share transfers, 2 rights issues), with disclosed funding of ₹6.93 Cr; the latest was in March 2024.
Praveen Kumar was appointed as Additional Director on 01 Jun 2023. Kambianatham Ramaswamy Rangarajan ceased to be Director on 17 Mar 2020. Mudumbai Sarangapani Padma was appointed as Director on 31 May 2011. U-Solar Clean Energy Solutions has 4 board changes on record in total.
Yes, U-Solar Clean Energy Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0010110).