Vikram Solar Limited

Vikram Solar Limited - energy and power in Kolkata, West Bengal, India. FY 2026 financials & 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
Market Cap
₹5,193 Cr
VIKRAMSOLR · NSE
Share Price
₹142.32
-0.69% today
Revenue
₹4,803 Cr
FY 2025-26 · +40.6% YoY
EBITDA
₹910 Cr
Margin 18.9%
Net Profit
₹473 Cr
FY 2025-26 · +240.4% YoY
P/E (TTM)
15.2x
P/B 1.7x
ROE
21.2%
ROCE 29.9%
Debt / Equity
0.20
Interest cover 21.4x

About Vikram Solar Limited

Data last updated:

Vikram Solar Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 02 December 2005 and has been in existence for over 21 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L18100WB2005PLC106448. Its GSTIN is 19AABCI5168D1ZL (West Bengal). The company holds 25 GST registrations, of which 18 are active. It is a listed company.

The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹362.35 Cr. It was formerly known as International Leather Clothiers Private Limited and Vikram Solar Private Limited. It is led by directors including Gyanesh Chaudhary (Managing Director) and Krishna Kumar Maskara (Whole-Time Director).

Its last annual general meeting (AGM) was held on 04 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Kolkata, West Bengal.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,803.43 Cr, a growth of 40.6% compared to the previous year. For the same year it recorded a net profit of ₹473.38 Cr (net margin 9.9%) and EBITDA of ₹910.44 Cr (EBITDA margin 19%). The net worth stands at ₹3,172.93 Cr (up 152.4% YoY). Total assets are valued at ₹3,830.44 Cr (up 144.7% YoY).

The company has about 1,454 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: The Heritage Academy and Vikram Solar. As per MCA filings, the company has open charges of ₹10,163 Cr and satisfied charges of ₹3,624.71 Cr on record. Court records list 82 cases involving the company, including 57 filed by the company and 21 filed against it; 15 cases are pending. The company has 24 deals on record (12 secondary share transfers, 8 funding rounds, 2 market trades), with disclosed funding of ₹780.91 Cr; the latest was in September 2025. Its 10 peer companies in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Vestas Wind Technology India Private Limited with revenue of ₹4,143.24 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,067 overdue payments to 332 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 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 04 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Gyanesh Chaudhary Managing Director Krishna Kumar Maskara Whole-Time Director Ranjan Kumar Jindal Cfo
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • 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
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Financials, compliance, directors, charges, ownership and filings for Vikram Solar Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Vikram Solar Limited

The main business activities of Vikram Solar are manufacturing and professional, scientific and technical. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and architecture, engineering activities, technical testing and analysis activities. 2 activity segments are registered with the MCA.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
MProfessional, Scientific and TechnicalM4Architecture, engineering activities, technical testing and analysis activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
  • Filing-level activity changes

Verified entity values are shown only after access is granted.

Financials of Vikram Solar Limited FY 2025-26 filings available

Vikram Solar Limited reported revenue of ₹4,803.43 Cr (up 40.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹4,803 Cr
+40.6% YoY
EBITDA
₹910 Cr
+85.6% YoY
Profit After Tax
₹473 Cr
+240.4% YoY
Net Worth
₹3,173 Cr
+152.4% YoY
Total Assets
₹3,830 Cr
+144.7% YoY
Total Debt
₹617 Cr
+126.9% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,8033,4152,5112,0731,7301,6101,640
Revenue growth+40.6%+36.0%+21.1%+19.8%+7.5%-1.8%-
EBITDA91049138718658.68177140
EBITDA margin+19.0%+14.4%+15.4%+9.0%+3.4%+11.0%+8.5%
Profit before tax64621610718.86(79.43)56.2030.42
Net profit47313988.3415.30(62.93)38.3420.75
Net profit margin+9.9%+4.1%+3.5%+0.7%-3.6%+2.4%+1.3%
EPS (₹)12.954.393.080.56(2.43)16.238.06
Balance sheet
Total assets3,8301,5661,7741,7131,1941,129885
Net worth3,1731,257445365351414362
Total debt617272854792703672494
Cash & bank992180116104136101122
Net working capital1,6667511,175990576615465
Cash flow
Cash from operations66729015219520112.70227
Cash from investing(1,808)(175)(63.68)(110)(155)(39.61)(35.97)
Cash from financing1,120(92.33)(81.03)(102)(36.22)3.81(174)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5631,4531,1061,1101,1341,1941,026573
Revenue growth (YoY)+37.9%+21.7%+7.8%+93.7%+79.7%---
Other income12.6218.2020.2315.904.207.5411.7910.52
EBITDA12623519923524222484.7272.13
EBITDA margin+8.1%+16.1%+18.0%+21.2%+21.4%+18.7%+8.3%+12.6%
Depreciation64.0157.1136.5234.8833.5042.2439.1337.33
Interest49.4056.5540.1731.5832.2648.1627.8133.88
Profit before tax25.2113914318418114129.5711.44
Tax5.4428.6344.6955.9747.2650.2410.554.08
Net profit19.7711098.1312813390.6219.027.36
EPS (₹)0.543.032.703.824.202.980.690.25
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,8033,4152,4412,0061,7001,5771,520
Revenue growth+40.6%+39.9%+21.7%+18.0%+7.9%+3.8%-
EBITDA91049138018253.13174117
EBITDA margin+19.0%+14.4%+15.6%+9.1%+3.1%+11.1%+7.7%
Profit before tax64621610014.61(84.84)53.779.52
Net profit47313974.5713.54(60.13)37.146.00
Net profit margin+9.9%+4.1%+3.1%+0.7%-3.5%+2.4%+0.4%
EPS (₹)12.954.392.580.49(2.32)15.782.16
Balance sheet
Total assets3,8301,5661,7881,7291,2091,153977
Net worth3,1731,257460388367424378
Total debt617272854788703672494
Cash & bank99218011590.1012280.73120
Net working capital1,6667511,188999566618535
Cash flow
Cash from operations66729017017320718.94231
Cash from investing(1,808)(175)(82.02)(88.70)(157)(50.76)(37.89)
Cash from financing1,120(92.33)(81.03)(100)(36.22)5.39(174)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5361,4531,1061,1101,1351,1831,027574
Revenue growth (YoY)+35.3%+22.8%+7.7%+93.5%+79.7%---
Other income12.5418.3720.0615.764.244.7514.2810.24
Total expenses1,4111,218908876891972939496
EBITDA12523519823424421187.3577.68
EBITDA margin+8.1%+16.1%+17.9%+21.1%+21.5%+17.9%+8.5%+13.5%
Depreciation63.9957.1036.5134.8833.5042.2439.1337.32
Interest49.3456.4840.1331.5532.2545.2329.9933.79
Profit before tax24.2113914118418212932.5116.81
Tax5.4829.3344.7455.4947.8845.8911.595.99

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 09 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5631,4531,1061,1101,1341,1941,026573
Revenue growth (YoY)+37.9%+21.7%+7.8%+93.7%+79.7%---
Other income12.6218.2020.2315.904.207.5411.7910.52
EBITDA12623519923524222484.7272.13
EBITDA margin+8.1%+16.1%+18.0%+21.2%+21.4%+18.7%+8.3%+12.6%
Depreciation64.0157.1136.5234.8833.5042.2439.1337.33
Interest49.4056.5540.1731.5832.2648.1627.8133.88
Profit before tax25.2113914318418114129.5711.44
Tax5.4428.6344.6955.9747.2650.2410.554.08
Net profit19.7711098.1312813390.6219.027.36
EPS (₹)0.543.032.703.824.202.980.690.25
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,8033,4152,5112,0731,7301,6101,640
Revenue growth+40.6%+36.0%+21.1%+19.8%+7.5%-1.8%-
Other income58.4336.2212.9718.6812.7417.4622.29
Total expenses3,8932,9252,1241,8871,6721,4331,500
Employee cost15611796.2991.2110987.0792.46
EBITDA91049138718658.68177140
EBITDA margin+19.0%+14.4%+15.4%+9.0%+3.4%+11.0%+8.5%
Depreciation16215613863.9447.9838.8336.77
Interest16015515512210399.4894.97
Profit before tax64621610718.86(79.43)56.2030.42
Tax17777.0627.574.39(16.50)18.007.92
Net profit47313988.3415.30(62.93)38.3420.75
Net profit margin+9.9%+4.1%+3.5%+0.7%-3.6%+2.4%+1.3%
EPS (₹)12.954.393.080.56(2.43)16.238.06
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital36231725925925923.5327.93
Reserves & surplus2,81194118710692.46391334
Shareholders' funds (net worth)3,1731,257445365351414362
Minority interest0.000.000.000.000.000.000.00
Secured loans100231626599618536445
Unsecured loans51741.2722819384.8713649.41
Total debt617272854792703672494
Total liabilities3,8301,5661,7741,7131,1941,129885
Assets
Gross block1,7871,079899902748532465
Net block1,079534505644547381357
Capital work in progress18.9313.6627.8117.773.5766.5510.91
Investments7421190.000.000.000.000.00
Inventories815429393373265193227
Sundry debtors1,2141,2281,185959917736532
Cash & bank balances992180116104136101122
Loans & advances354145284317301236264
Total current assets3,3751,9821,9781,7531,6191,2661,144
Total current liabilities1,7091,2318047631,043650680
Net working capital1,6667511,175990576615465
Total assets3,8301,5661,7741,7131,1941,129885
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash30.678.451.6318.878.5931.6815.20
Net cash from operating activities66729015219520112.70227
Net cash from investing activities(1,808)(175)(63.68)(110)(155)(39.61)(35.97)
Net cash from financing activities1,120(92.33)(81.03)(102)(36.22)3.81(174)
Net change in cash(20.77)22.237.32(17.24)10.28(23.09)16.48
Closing cash992180116104136101122
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+40.6%+36.0%+21.1%+19.8%+7.5%-1.8%-
EBITDA growth+85.6%+26.8%+107.8%+217.3%-66.9%+26.6%-
PBT growth+199.1%+101.5%+468.7%+9998.0%-+84.8%+9997.0%
Net income growth+240.4%+57.4%+477.4%+124.3%-264.1%+84.8%-
Revenue CAGR (3Y)+32.3%+25.4%+16.0%+8.1%---
EBITDA CAGR (3Y)+69.7%+103.0%+29.8%+10.0%---
Profitability & leverage
Net income margin+9.8%+4.1%+3.2%+0.7%-3.6%+2.4%+1.4%
Return on capital employed+29.9%+22.2%+15.7%+9.7%+2.0%+15.5%+14.2%
Return on net worth+21.2%+16.3%+21.8%+4.0%-16.4%+9.8%+6.2%
Debt / equity0.200.662.032.091.801.501.37
Long-term debt / equity0.120.160.410.500.480.480.52
Interest cover21.4346.2362.1299.85961.4071.9792.11
Efficiency & per share
Fixed asset turnover3.353.452.792.512.703.233.53
Inventory turnover7.728.316.556.507.567.687.24
Debtors turnover3.932.832.342.212.092.543.08
EPS (₹)12.954.393.080.56(2.43)16.238.06
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)87.5739.7217.2114.1113.57176.12129.57
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5361,4531,1061,1101,1351,1831,027574
Revenue growth (YoY)+35.3%+22.8%+7.7%+93.5%+79.7%---
Other income12.5418.3720.0615.764.244.7514.2810.24
Total expenses1,4111,218908876891972939496
EBITDA12523519823424421187.3577.68
EBITDA margin+8.1%+16.1%+17.9%+21.1%+21.5%+17.9%+8.5%+13.5%
Depreciation63.9957.1036.5134.8833.5042.2439.1337.32
Interest49.3456.4840.1331.5532.2545.2329.9933.79
Profit before tax24.2113914118418212932.5116.81
Tax5.4829.3344.7455.4947.8845.8911.595.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,8033,4152,4412,0061,7001,5771,520
Revenue growth+40.6%+39.9%+21.7%+18.0%+7.9%+3.8%-
Other income58.4336.2215.2620.1312.8217.6924.58
Total expenses3,8932,9252,0611,8251,6471,4021,403
Employee cost15611790.0783.6696.9475.8178.83
EBITDA91049138018253.13174117
EBITDA margin+19.0%+14.4%+15.6%+9.1%+3.1%+11.1%+7.7%
Depreciation16215613863.9247.9238.7536.72
Interest16015515712310399.4594.89
Profit before tax64621610014.61(84.84)53.779.52
Tax17777.0633.431.92(24.71)16.633.48
Net profit47313974.5713.54(60.13)37.146.00
Net profit margin+9.9%+4.1%+3.1%+0.7%-3.5%+2.4%+0.4%
EPS (₹)12.954.392.580.49(2.32)15.782.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital36231725925925923.5327.93
Reserves & surplus2,811941202129108401350
Shareholders' funds (net worth)3,1731,257460388367424378
Secured loans100231626599618536445
Unsecured loans51741.2722818984.8713649.41
Total debt617272854788703672494
Total liabilities3,8301,5661,7881,7291,2091,153977
Assets
Gross block1,7871,079882881739528464
Net block1,079534493627542381356
Capital work in progress18.9313.6612.678.033.5766.5510.91
Investments74211943.6134.9430.9727.6428.20
Inventories815429388339260192226
Sundry debtors1,2141,2281,181959899727517
Cash & bank balances99218011590.1012280.73120
Loans & advances354145296327299234256
Total current assets3,3751,9821,9801,7151,5791,2341,119
Total current liabilities1,7091,2317927161,014616584
Net working capital1,6667511,188999566618535
Total assets3,8301,5661,7881,7291,2091,153977
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash30.678.451.0116.823.0729.5010.76
Net cash from operating activities66729017017320718.94231
Net cash from investing activities(1,808)(175)(82.02)(88.70)(157)(50.76)(37.89)
Net cash from financing activities1,120(92.33)(81.03)(100)(36.22)5.39(174)
Net change in cash(20.77)22.237.44(15.82)13.75(26.43)18.74
Closing cash99218011590.1012280.73120
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+40.6%+39.9%+21.7%+18.0%+7.9%+3.8%-
EBITDA growth+85.6%+29.1%+109.1%+242.3%-69.5%+49.5%-
PBT growth+199.1%+115.6%+586.0%+9998.0%-+464.8%+9997.0%
Net income growth+240.4%+86.5%+450.7%+122.5%-261.9%+519.0%-
Revenue CAGR (3Y)+33.8%+26.2%+15.7%+9.7%---
EBITDA CAGR (3Y)+71.1%+109.8%+29.7%+16.0%---
Profitability & leverage
Net income margin+9.8%+4.1%+2.7%+0.6%-3.5%+2.4%+0.4%
Return on capital employed+29.9%+22.1%+15.3%+9.4%+1.5%+14.4%+10.8%
Return on net worth+21.2%+16.2%+17.6%+3.4%-15.2%+9.3%+1.7%
Debt / equity0.200.661.941.981.741.451.44
Long-term debt / equity0.120.150.380.580.570.470.53
Interest cover21.4346.2364.91104.681,974.4773.38118.87
Efficiency & per share
Fixed asset turnover3.353.482.772.482.683.183.49
Inventory turnover7.728.366.716.707.547.567.04
Debtors turnover3.932.832.282.162.092.542.87
EPS (₹)12.954.392.580.49(2.32)15.782.16
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)87.5739.7217.7914.9714.17180.35135.29
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Peer Comparison of Vikram Solar Limited

Vikram Solar Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vikram Solar Limited this company₹4,803.43 Cr (FY 2026)••••••••40.6%••••Kolkata, West Bengal, India
Vestas Wind Technology India Private Limited₹4,143.24 Cr (FY 2025)••••••••9.0%••••Chennai, Tamil Nadu, India
Renew Photovoltaics Private Limited₹4,095 Cr (FY 2025)••••••••151.0%••••Delhi, India
ZF Wind Power Coimbatore Private Limited₹3,894.64 Cr (FY 2025)••••••••3.0%••••Karumathampatty And Kittampalayam, Tamil Nadu, India
Inox Wind Limited Listed₹3,701.55 Cr (FY 2025)••••••••105.0%••••Village Basal, Himachal Pradesh, India
Resonia Limited₹3,463.21 Cr (FY 2025)••••••••749.0%••••Haryana, India
Goldi Solar Private Limited₹3,450.29 Cr (FY 2025)••••••••96.0%••••Mumbai, Maharashtra, India
Shirdi Sai Electricals Limited₹3,375.57 Cr (FY 2025)••••••••-13.0%••••Hyderabad, Telangana, India
Adani New Industries Limited₹3,316.41 Cr (FY 2025)••••••••291.0%••••Ahmedabad, Gujarat, India
Ge Power Conversion India Private Limited₹3,250.59 Cr (FY 2025)••••••••53.0%••••Chennai, Tamil Nadu, India
Karamtara Engineering Limited₹3,165.36 Cr (FY 2025)••••••••30.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Vikram Solar by revenue in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers), 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 and KMP of Vikram Solar Limited

Vikram Solar Limited currently reports 8 directors and 2 key managerial personnel. 21 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Ranjan Kumar Jindal
Also directs: VSL Green Power Private Limited, Brandmart Developers Private Limited
Cfo28 Mar 20251 Years 6 MonthsCurrent
Joginder Pal Dua
Also directs: Rupa & Company Ltd, BMW Industries Limited, Bindals Papers Mills Limited and 2 more
Director01 Dec 20250 Years 10 MonthsCurrent
Ratnabali Kakkar
Also directs: Laser Power & Infra Limited, Lux Industries Limited, Century Plyboards (India) Ltd. and 1 more
Director12 Dec 20214 Years 9 MonthsCurrent
Gyanesh Chaudhary
Also directs: Club Belvedere LLP, Nexvora Ventures LLP, Vikram Capital Management Private Limited and 5 more
Managing Director14 Jul 200818 Years 2 MonthsCurrent
Subramanya KrishnappaDirector15 Feb 20233 Years 7 MonthsCurrent
Krishna Kumar Maskara
Also directs: VSL Green Power Private Limited
Whole-Time Director01 Jan 200917 Years 9 MonthsCurrent
Showing 6 of 10 current directors and KMP. View all directors and KMP

Charges & Borrowings of Vikram Solar Limited

Open charges
₹10,163 Cr
Satisfied charges
₹3,624.71 Cr
Breakdown by lending institutions
Indian Bank₹5,217.94 Cr
Sbicap Trustee Company Limited₹4,945.00 Cr
Latest charge details
DateLenderAmountStatus
16 Jun 2026Sbicap Trustee Company Limited₹1,745 CrOpen
11 Feb 2026Sbicap Trustee Company Limited₹3,200 CrOpen
17 Feb 2017Indian Bank₹2,617.94 CrOpen
11 Mar 2011Indian Bank₹2,600 CrOpen
05 Mar 2024Others₹26.5 CrSatisfied

Total charge records: 34 View all charges

Deals & Funding of Vikram Solar Limited

Vikram Solar Limited has 24 deals on record (12 secondary share transfers, 8 funding rounds, 2 market trades), with disclosed funding of ₹780.91 Cr; the latest was in September 2025.

Total deals
24
Secondary share transfers
12
Funding rounds
8
Market trades
2
Rights issue
1
Disclosed funding
₹780.91 Cr

Deals on record (5 of 24)

WhenDealAmountParties
Sep 2025Market trade₹324.6 CrBuyer: Graviton Research Capital LLP , Junomoneta Finsol Private Limited , Hrti Private Limited
Seller: Graviton Research Capital LLP , Junomoneta Finsol Private Limited , Hrti Private Limited
Aug 2025Market trade₹155.58 CrBuyer: Junomoneta Finsol Private Limited , Plutus Wealth Management LLP
Seller: Junomoneta Finsol Private Limited
Aug 2025IPO₹2,079.37 CrInvestors: Icici Prudential Life Insurance Company Limited , Indusind Nippon Life Insurance Company Limited , Sbi General Insurance Company Limited
Seller: Vikram Capital Management Private Limited , 2 individuals
Aug 2024Secondary share transferUndisclosedBuyer: Vikram Capital Management Ltd
Seller: an individual
Jun 2024Funding round₹704.02 CrInvestors: Others - Vikram Solar Limited, Niveshaay, Varanium Capital, an individual
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Full deal history

All 24 deals with amounts, valuations, instruments and every party are in the company report.

  • Every funding round and share transfer
  • Amounts and valuations
  • Investors, buyers and sellers
  • Instruments and deal dates

Verified entity values are shown only after access is granted.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by Vikram Solar Limited

Vikram Solar Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,067 overdue payments to 332 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 (5 of 332)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
Ashutosh Power Transbelts Limited••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.

  • Every reported supplier due
  • Amounts and due dates
  • Reasons given in each return
  • Period-by-period history

Verified entity values are shown only after access is granted.

Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.

Associated Brands with Vikram Solar Limited

Vikram Solar operates two associated brands: The Heritage Academy and Vikram Solar. Each brand links to its own profile.

BrandDescriptionWebsite
The Heritage Academy
Offers undergraduate and postgraduate courses in business, IT, and media science.tha.edu.in
Vikram Solar
Provider of solar photovoltaic modules and renewable energy solutionsvikramsolar.com

Employees and EPFO Compliance at Vikram Solar Limited

Employment history and EPFO contributions of people linked to Vikram Solar.

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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.

Name History of Vikram Solar Limited

Vikram Solar 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.

Company NameStatus
Vikram Solar LimitedCurrent
International Leather Clothiers Private LimitedPrevious
Vikram Solar Private LimitedPrevious
International Clothiers India Private LimitedPrevious

CIN History of Vikram Solar Limited

Vikram Solar 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.

CINStatus
L18100WB2005PLC106448Current
U18100WB2005PLC106448Previous
U18100WB2005PTC106448Previous

News related to Vikram Solar Limited

Recent Activity on Vikram Solar Limited

Vikram Solar Limited has 31 board changes on record since 2008: 10 appointments and 21 cessations. The latest: Sameer Nagpal was appointed as Additional Director on 07 May 2026.

AGM
Vikram Solar Limited last Annual general meeting of members was held on 04 Aug 2026 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 1,745.00 Cr with Charge ID 101328207 was registered on 16 Jun 2026.
Appointed
Sameer Nagpal was appointed as Additional Director.
Filing
Vikram Solar Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Kolkata I.
Charges
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
A charge registered on 17 Feb 2017 via Charge ID 100078722 with Others was fully satisfied on 21 Jan 2026.
Charges
A charge registered on 03 Mar 2015 via Charge ID 10559068 with Indian Bank was fully satisfied on 01 Dec 2025.
Appointed
Joginder Pal Dua was appointed as Director.
Appointed
Suresh Gopinathan Menon was appointed as Director.
Charges
A charge registered on 11 Jun 2021 via Charge ID 100459821 with Canara Bank was fully satisfied on 16 Oct 2025.
Charges
A charge registered on 05 Mar 2024 via Charge ID 100890635 with Others was fully satisfied on 15 Oct 2025.
Charges
A charge registered on 21 Oct 2016 via Charge ID 100060860 with United Bank Of India was fully satisfied on 30 Sep 2025.

97 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Vikram Solar Limited

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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

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Subsidiaries & Group Companies of Vikram Solar Limited

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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

Verified entity values are shown only after access is granted.

GST Compliance of Vikram Solar Limited

Vikram Solar has 25 GST registrations: 18 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
25
Active
18
Cancelled / inactive
7
GSTINStateStatusRegistered on
19AABCI5168D1ZLWest BengalActive01 Jul 2017
19AABCI5168D3ZJWest BengalActive05 Jul 2017
07AABCI5168D1ZQDelhiActive01 Jul 2017
08AABCI5168D1ZORajasthanActive01 Jul 2017
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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 Vikram Solar Limited

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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 Vikram Solar Limited

Vikram Solar is an active public limited company based in Kolkata, West Bengal, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 02 December 2005 (21+ years old) and is registered under CIN L18100WB2005PLC106448.

Vikram Solar reported revenue of ₹4,803.43 Cr for FY 2025-26 (up 40.6% YoY) based on consolidated financials.

Vikram Solar has 10 current directors and KMP:

The GSTIN of Vikram Solar is 19AABCI5168D1ZL, registered in West Bengal. The company has 25 GST registrations in all, of which 18 are active and 7 are cancelled or inactive. Other active GSTINs include 19AABCI5168D3ZJ (West Bengal), 07AABCI5168D1ZQ (Delhi), 08AABCI5168D1ZO (Rajasthan).

The CIN (Corporate Identification Number) of Vikram Solar is L18100WB2005PLC106448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes, Vikram Solar is a listed company.

Vikram Solar has 82 court cases on record: 57 filed by the company and 21 filed against it. 15 are pending. Most are in the high courts.

Vikram Solar was incorporated on 02 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Kolkata.

Vikram Solar has 24 deals on record (12 secondary share transfers, 8 funding rounds, 2 market trades), with disclosed funding of ₹780.91 Cr; the latest was in September 2025.

The peers of Vikram Solar by revenue are Vestas Wind Technology India Private Limited, Renew Photovoltaics Private Limited, ZF Wind Power Coimbatore Private Limited, Inox Wind Limited, Resonia Limited and 5 more, all in the Power industry (EPC, BoP and BTG, Power Equipment Manufacturers).

Sameer Nagpal was appointed as Additional Director on 07 May 2026. Joginder Pal Dua was appointed as Director on 01 Dec 2025. Suresh Gopinathan Menon was appointed as Director on 01 Dec 2025. Vikram Solar has 31 board changes on record in total.

Vikram Solar has 13 MSME Form 1 returns on record between 2019 and 2023, listing 1,067 overdue payments to 332 micro and small suppliers. The latest return was filed on 25 Jan 2024.

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