Vikram Solar Limited - energy and power in Kolkata, West Bengal, India. FY 2026 financials and compliance.
CIN L18100WB2005PLC106448 Incorporated 02 December 2005 ROC Kolkata HQ Kolkata, West Bengal, India
Active Listed Public Limited Company energy and power
Data last updated
Revenue · FY 2025
₹3,459.53 Cr
▲ 37.00% YoY
EBITDA · FY 2025
*****
▲ 32.00% YoY
Net profit · FY 2025
*****
▲ 75.00% YoY
Authorised capital
₹400 Cr
Registered with MCA
Paid-up capital
₹362.33 Cr
Issued & subscribed
Open charges
₹8,417.94 Cr
Satisfied ₹3,624.71 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
1,454
Latest available

About Vikram Solar Limited

Data last updated: 06 March 2026

Vikram Solar Limited is a public limited company based in Kolkata, West Bengal, India. It specialises in bop and btg services, a part of the broader energy and power sector. Incorporated on 02 December 2005, the company has been in operation for over 21 years.

Registered with ROC Kolkata under CIN U18100WB2005PLC106448. Listed.

Capital: an authorised share capital of ₹400 Cr and a paid-up capital of ₹362.33 Cr. Formerly known as International Leather Clothiers Private Limited and Vikram Solar Private Limited. It is led by directors including Joginder Pal Dua and Ratnabali Kakkar.

Last AGM: 25 September 2025. Financial statements filed for year ended 31 March 2025. Office: Kolkata, West Bengal.

As per the financials filed for FY 2025, the company reported a revenue of ₹3,459.53 Cr, a growth of 37% compared to the previous year.

The company has a workforce of approximately 1,454 employees as per the latest available data. Its group structure includes 3 subsidiaries.

The company is associated with 2 brands - The Heritage Academy, Vikram Solar. As per MCA filings, the company has open charges of ₹8,417.94 Cr and satisfied charges of ₹3,624.71 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikramsolar.com.

Company Details of Vikram Solar Limited
CIN L18100WB2005PLC106448
Registration Number 106448
Incorporation Date 02 December 2005
ROC Kolkata
Listing Status Listed
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
  • Registered Address
    Biowonder Unit No. 1102 11Th Floor 789 Anandapur Main Road, Eastern Metropolitan Bypass, Kolkata, West Bengal, India – 700107
  • Industry
    Energy and Power, BoP & BTG Services, Power EPC
Company report
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Financials, compliance, directors, charges, ownership and filings for Vikram Solar Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of Vikram Solar Limited

Vikram Solar Limited has undergone 3 name changes throughout its history. The company was previously known as International Leather Clothiers Private Limited, Vikram Solar Private Limited, and International Clothiers India Private Limited. The current legal name is Vikram Solar Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
Vikram Solar Limited Current
International Leather Clothiers Private Limited Previous
Vikram Solar Private Limited Previous
International Clothiers India Private Limited Previous

CIN History of Vikram Solar Limited

Vikram Solar Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L18100WB2005PLC106448, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L18100WB2005PLC106448 Current
U18100WB2005PLC106448 Previous
U18100WB2005PTC106448 Previous

Associated Brands with Vikram Solar Limited

Vikram Solar Limited operates two associated brands: The Heritage Academy and Vikram Solar. These brands represent Vikram Solar Limited's diversified market presence and brand portfolio.

Brand Description Website
Offers undergraduate and postgraduate courses in business, IT, and media science. tha.edu.in
Provider of solar photovoltaic modules and renewable energy solutions vikramsolar.com

Competitors & Alternatives of Vikram Solar Limited

Brands and companies operating in the same space as Vikram Solar Limited include Indian Institute Of Technology Kharagpur, Kyocera, IIIT-Delhi and 7 more.

Competitor Description Location Founded
Indian Institute Of Technology Kharagpur Indian Institute Of Technology Kharagpur Academic programs in engineering, technology, and research are provided. Kharagpur, India, India 1951
Kyocera Kyocera Kyocera is engaged in providing technology solutions globally. Horse Shoe, United States, United States 1959
IIIT-Delhi IIIT-Delhi Degrees in information technology and computer science are offered. Delhi, India, India 2008
The Open University The Open University Multiple courses and degrees are offered across diversified academic streams. Milton Keynes, United Kingdom, United Kingdom 1969
Symbiosis International Symbiosis International Multiple undergraduate and postgraduate courses are offered across diversified streams. Pune, India, India 1971
Amity University Amity University University offering UG & PG courses across medical, IT, and other streams Noida, India, India 1995
Indian Institute of Technology Roorkee Indian Institute of Technology Roorkee College offering multiple courses and degrees Roorkee, India, India 1847
KIIT KIIT Multiple undergraduate and postgraduate programs are offered in diverse fields. Bhubaneswar, India, India 1992
IFRI-SOL IFRI-SOL Manufactures high-efficiency solar panels and supplies them globally through partnerships. Tunisia 2012
ARTsolar ARTsolar Manufactures solar PV modules, assembles panels, and distributes solar products locally. Pinetown, South Africa, South Africa 2011

Business Activity of Vikram Solar Limited

Vikram Solar Limited is engaged in principal business activities including manufacturing and professional, scientific and technical, with detailed activities including electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, architecture, engineering activities, technical testing and analysis activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C10 Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment *********
M Professional, Scientific and Technical M4 Architecture, engineering activities, technical testing and analysis activities *********

Auditor Details of Vikram Solar Limited

Vikram Solar Limited is audited by G A R V & ASSOCIATES for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
G A R V & ASSOCIATES blur-value blur-value blur-value

Board of Directors of Vikram Solar Limited

Vikram Solar Limited is currently managed by 10 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Joginder Pal Dua Additional Director 01 Dec 2025 0 Years 7 Months Current
Ratnabali Kakkar Director 12 Dec 2021 4 Years 6 Months Current
Gyanesh Chaudhary Managing Director 14 Jul 2008 17 Years 11 Months Current
Neha Agrawal Whole-Time Director 22 Mar 2021 5 Years 3 Months Current
Subramanya Krishnappa Director 15 Feb 2023 3 Years 4 Months Current
Krishna Kumar Maskara Whole-Time Director 01 Jan 2009 17 Years 6 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Vikram Solar Limited FY 2025 filings available

Vikram Solar Limited reported revenue of ₹3,459.53 Cr (up 37% YoY) for FY 2025. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
₹3,459.53 Cr ▲ 37%
Profit
***** ▲ 75%
EBITDA
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Metrics
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Revenue
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Revenue Growth %
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Other Income
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Total Revenue
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Expenses
Total Expenses
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Raw Material Cost
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Power & Fuel
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Interest
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Profitability
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Operating Margin %
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Exceptional Items
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
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Profit Before Tax
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Tax & Net Profit
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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Total Assets
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Metrics
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Cash from Operating Activities (CFO)
Profit Before Tax
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Non-Cash Adjustments
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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Changes in Working Capital
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+/- Inventory
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
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Debt / EBITDA
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Solvency
D/E Ratio
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ICR
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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of Vikram Solar Limited

As of FY 2024, Vikram Solar Limited's shareholding pattern shows 76.19% by promoters, 23.81% by public shareholders. The promoters hold a majority stake, indicating strong promoter control.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

Group Structure of Vikram Solar Limited

Vikram Solar Limited has 3 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Vikram Solar Limited's business expansion strategy and organizational complexity.

3
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held

Showing major subsidiaries. Total: 3.

Charges & Borrowings of Vikram Solar Limited

Open charges
₹8,417.94 Cr
Satisfied charges
₹3,624.71 Cr
Breakdown by lending institutions
Indian Bank₹5,217.94 Cr
Sbicap Trustee Company Limited₹3,200.00 Cr
Latest charge details
DateLenderAmountStatus
11 Feb 2026 Sbicap Trustee Company Limited ₹3,200 Cr Open
17 Feb 2017 Indian Bank ₹2,617.94 Cr Open
11 Mar 2011 Indian Bank ₹2,600 Cr Open
05 Mar 2024 Others ₹26.5 Cr Satisfied
27 Mar 2022 Others ₹50 Cr Satisfied

Total charge records: 33 View all charges

Employees and EPFO Compliance at Vikram Solar Limited

Vikram Solar Limited has a workforce of 1,454 employees as of Dec 05, 2024.

Employee count
1,454
Active EPFO establishments
1
Employee growth
3.93%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Vikram Solar Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Vikram Solar Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Vikram Solar Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Vikram Solar Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Vikram Solar Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Vikram Solar Limited

MSME Payment Delays by Vikram Solar Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Vikram Solar Limited

Subsidiaries & Group Companies of Vikram Solar Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Vikram Solar Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Vikram Solar Limited

MCA Filings & Documents of Vikram Solar Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Vikram Solar Limited

Charges
11 Feb 2026
A charge with Sbicap Trustee Company Limited amounted to Rs. 3,200.00 Cr with Charge ID 101234419 was registered on 11 Feb 2026.
Charges
21 Jan 2026
A charge registered on 17 Feb 2017 via Charge ID 100078722 with Others was fully satisfied on 21 Jan 2026.
Charges
01 Dec 2025
A charge registered on 03 Mar 2015 via Charge ID 10559068 with Indian Bank was fully satisfied on 01 Dec 2025.
Directors
01 Dec 2025
Joginder Pal Dua was appointed as a Additional Director on 01 Dec 2025 & has been associated with this company since 7 months 8 days.
Directors
01 Dec 2025
Suresh Gopinathan Menon was appointed as a Additional Director on 01 Dec 2025 & has been associated with this company since 7 months 8 days.
Charges
16 Oct 2025
A charge registered on 11 Jun 2021 via Charge ID 100459821 with Canara Bank was fully satisfied on 16 Oct 2025.

Frequently Asked Questions about Vikram Solar Limited

Vikram Solar Limited is an active public limited company in the energy and power sector based in Kolkata, West Bengal, India. It was incorporated on 02 December 2005 (21+ years old) and is registered under CIN L18100WB2005PLC106448. The company has 1,454 employees.

Vikram Solar Limited reported revenue of ₹3,459.53 Cr for FY 2025 (up 37.00% YoY).

The current directors of Vikram Solar Limited are:

The primary industry of Vikram Solar Limited is energy and power. The company specifically operates in bop and btg services. The company is currently active in this sector.

Yes, Vikram Solar Limited is a listed company.

Vikram Solar Limited can be reached at the registered office: Biowonder Unit No. 1102 11Th Floor 789 Anandapur Main Road, Eastern Metropolitan Bypass, Kolkata, West Bengal, India – 700107, or through the website vikramsolar.com.

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