Viraj Solar Maharashtra Private Limited
About Viraj Solar Maharashtra Private Limited
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Viraj Solar Maharashtra Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Avaada Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 24 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2010PTC206891. Its GSTIN is 27AADCV4415A1ZR (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It is led by directors Radha Malayil Saraswathi Amma and Gopal Goel.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.76 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net loss of ₹20.5 Lakh (net margin -7.4%) and EBITDA of -₹69.6 Lakh (EBITDA margin -25.2%). Revenue has grown at a compounded annual rate (CAGR) of 191% over three years and 381% over five years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹350 Cr and satisfied charges of ₹377 Cr on record. Court records list 17 cases involving the company, including 17 filed against it; 10 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹130 Cr; the latest was in April 2022.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Viraj Solar Maharashtra Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069
- IndustryEnvironment, Solar Energy Solutions, Wind Energy Solutions
To see the full contact details of Viraj Solar Maharashtra 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
Financials of Viraj Solar Maharashtra Private Limited
FY 2025 filings availableViraj Solar Maharashtra Private Limited reported revenue of ₹2.76 Cr (down 43% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 381%. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.76 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹69.6 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20.5 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -25.2% | ||||
| Net Profit Margin | -7.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Viraj Solar Maharashtra Private Limited, buy the company report.
Board of directors of Viraj Solar Maharashtra Private Limited
Viraj Solar Maharashtra has 2 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radha Malayil Saraswathi Amma | Director | 08 Mar 2018 | 8 Years 8 Months | Current |
| Gopal Goel Also directs: Avaada Hnadampur Private Limited, Avaada Mhrenewable5 Private Limited, KMF Nandini Avaada KN Private Limited and 5 more | Director | 15 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Viraj Solar Maharashtra Private Limited is audited by Goyal Malhotra & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Goyal Malhotra & Associates | FY 2023 | 008015C |
Shareholding
The shareholding of Viraj Solar Maharashtra 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 Viraj Solar Maharashtra Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2022 | 100621769 | Others | ₹169 Cr | Open | |
| 28 Oct 2022 | 100621936 | Others | ₹181 Cr | Open | |
| 10 Sep 2020 | 100371100 | Others | ₹188.5 Cr | Satisfied | |
| 10 Sep 2020 | 100374513 | Others | ₹188.5 Cr | Satisfied |
To see the full charge records of Viraj Solar Maharashtra Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Viraj Solar Maharashtra Private Limited has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹130 Cr; the latest was in April 2022.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Avaada Energy Private Limited Seller: Dombivali Properties Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Dombivali Properties Private Limited Seller: Walwhan Solar Raj Limited |
To see the full deal history of Viraj Solar Maharashtra 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
Viraj Solar Maharashtra Private Limited has 17 court cases on record: 17 filed against it. 10 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 17 | 10 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Buldhana, Maharashtra | Court case (R.C.A.) | Filed against the company by an individual | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
| District court, Buldhana, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Viraj Solar Maharashtra 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Viraj Solar Maharashtra Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Viraj Solar Maharashtra has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Avaada Mhbuldhana Private Limited | U40106UP2019PTC123909 | |
| Avaada Mhkhamgaon Private Limited | U40300UP2019PTC124398 |
To see the full group structure of Viraj Solar Maharashtra Private Limited, buy the company report.
GST
Viraj Solar Maharashtra has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCV4415A1ZR | Maharashtra | Active | 16 Mar 2018 |
To see the full GST registrations and return filing status of Viraj Solar Maharashtra Private Limited, buy the company report.
Recent activity
Viraj Solar Maharashtra Private Limited has 22 board changes on record since 2010: 12 appointments and 10 cessations. The latest: Anurag Jain ceased to be Director on 20 Dec 2023.
23 earlier events are in the company report.
Frequently asked questions
Viraj Solar Maharashtra 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 24 August 2010 (16+ years old) and is registered under CIN U40106MH2010PTC206891.
Viraj Solar Maharashtra has 2 current directors:
- Radha Malayil Saraswathi Amma - Director
- Gopal Goel - Director
The latest financial statements of Viraj Solar Maharashtra on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Viraj Solar Maharashtra is 27AADCV4415A1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Viraj Solar Maharashtra is U40106MH2010PTC206891. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viraj Solar Maharashtra has 17 court cases on record: 17 filed against it. 10 are pending.
Viraj Solar Maharashtra was incorporated on 24 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Viraj Solar Maharashtra has 3 deals on record (2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹130 Cr; the latest was in April 2022.
Anurag Jain ceased to be Director on 20 Dec 2023. Gopal Goel was appointed as Director on 15 Dec 2023. Swapan Kumar Panda ceased to be Director on 31 Oct 2022. Viraj Solar Maharashtra has 22 board changes on record in total.
The registered office of Viraj Solar Maharashtra is at 406 4th Floor Solaris One, N. S. Phadke Marg, Mumbai, Maharashtra, India – 400069.
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