Visual Percept Solar Projects Private Limited
About Visual Percept Solar Projects Private Limited
Data last updated:
Visual Percept Solar Projects Private Limited is a private limited company based in Ahmedabad, Gujarat, India, a subsidiary of Torrent Power Limited. It operates in the transmission and distribution segment of the energy sector. It was incorporated on 16 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2010PTC136247. Its GSTIN is 24AADCV4692H1Z4 (Gujarat). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹42 Cr and a paid-up capital of ₹17.45 Cr. It is led by directors including Naresh Kalidas Joshi and Nisarg Bimal Shah.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 'Samanvay’ 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2022, the company reported a revenue of ₹54.74 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹16.35 Cr (net margin 29.9%) and EBITDA of ₹43.18 Cr (EBITDA margin 78.9%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹376 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending. The company has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹49.5 Cr; the latest was in February 2022.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Visual Percept Solar Projects has one previous CIN (Corporate Identification Number): U40106MH2010PTC206631. The current CIN is U40106GJ2010PTC136247, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106GJ2010PTC136247 | Current |
| U40106MH2010PTC206631 | Previous |
Contact details
Visual Percept Solar Projects Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address'Samanvay’ 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015
- IndustryEnergy, Transmission And Distribution, Electric Power Generation
To see the full contact details of Visual Percept Solar Projects 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 Visual Percept Solar Projects Private Limited
FY 2025 filings availableVisual Percept Solar Projects Private Limited reported revenue of ₹54.74 Cr (down 3% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 3% fall in the latest year. EBITDA fell 16% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹54.74 Cr | ||||
| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | ₹43.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹16.35 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 78.9% | ||||
| Net Profit Margin | 29.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Visual Percept Solar Projects Private Limited, buy the company report.
Board of directors of Visual Percept Solar Projects Private Limited
Visual Percept Solar Projects has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naresh Kalidas Joshi Also directs: Torrent Urja 27 Private Limited, Torrent Urja 9 Private Limited, Sunshakti Solar Power Projects Private Limited and 5 more | Director | 15 Feb 2022 | 4 Years 8 Months | Current |
| Nisarg Bimal Shah Also directs: Newzone India Private Limited, Newzone India Private Limited, Torrent Urja 18 Private Limited and 5 more | Director | 15 Feb 2022 | 4 Years 8 Months | Current |
| Jigish Bhogilal Mehta Also directs: Newzone India Private Limited, Newzone India Private Limited, Torrent Solar Power Private Limited and 5 more | Director | 15 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Visual Percept Solar Projects Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2022 | 012754N/N500016 |
Shareholding
The shareholding of Visual Percept Solar Projects Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Visual Percept Solar Projects Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jun 2013 | 10432436 | Sbicap Trustee Co Ltd | ₹211 Cr | Satisfied | |
| 18 Jul 2011 | 10298107 | Sbicap Trustee Company Limited | ₹165 Cr | Satisfied |
To see the full charge records of Visual Percept Solar Projects Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Visual Percept Solar Projects Private Limited has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹49.5 Cr; the latest was in February 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: Torrent Power Limited, Torrent Power Limited & Saurabh Mashuwala Seller: Blue Daimond Properties Private Limited , Balrampur Chini Mills Ltd |
| Feb 2021 | Secondary share transfer | Undisclosed | Seller: Blue Daimond Properties Private Limited , Balrampur Chini Mills Ltd |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Blue Daimond Properties Private Limited Seller: Talma Chemical Industries Pvt Ltd |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Balrampur Chini Mills Ltd Seller: Talma Chemical Industries Pvt Ltd , Talma Chemical Industries Private Limited & Akash Bhansali |
| Jan 2012 | Funding round | ₹49.5 Cr | Investors: Talma Chemical Industries Pvt Ltd |
To see the full deal history of Visual Percept Solar Projects 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
Visual Percept Solar Projects Private Limited has 2 court cases on record: 2 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Moser Baer Energy Development Ltd(Now Porbandar Solar Power Ltd) Through Its Authorised Signatory Manish Verma Through Its Authorised Signatory Manish Verma 235, Okhla Industrial Estate, Phase III, New Delhi , District: New Delhi ,New Delhi , Delhi | Pending |
| Supreme Court | Court case (1901-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Energy laws - Electricity, Petroleum, Oil and Natural Gas) | Filed against the company by Gujarat Urja Vikas Nigam Limited General Manager (Com) General Manager (Com) Sardar Patel Vidyut Bhavan, Race Course , District: Vadodara ,Vadodara , Gujarat | Pending |
To see the full case history of Visual Percept Solar Projects 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
Visual Percept Solar Projects Private Limited was last rated by Icra on 30 Jun 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Jun 2019 |
To see the full credit ratings and regulatory alerts of Visual Percept Solar Projects Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Visual Percept Solar Projects Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Visual Percept Solar Projects Private Limited has a workforce of 14 employees on its EPFO records as of Mar 21, 2024, across 1 active EPFO establishment.
GST
Visual Percept Solar Projects has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCV4692H1Z4 | Gujarat | Active | 01 Jul 2017 |
| 27AADCV4692H1ZY | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Visual Percept Solar Projects Private Limited, buy the company report.
Recent activity
Visual Percept Solar Projects Private Limited has 13 board changes on record since 2012: 3 appointments and 10 cessations. The latest: Jigish Bhogilal Mehta ceased to be Additional Director on 04 Aug 2022.
9 earlier events are in the company report.
Frequently asked questions
Visual Percept Solar Projects is an active private limited company based in Ahmedabad, Gujarat, India. The company works in transmission and distribution, within the energy industry. It was incorporated on 16 August 2010 (16+ years old) and is registered under CIN U40106GJ2010PTC136247.
Visual Percept Solar Projects has 3 current directors:
- Naresh Kalidas Joshi - Director
- Nisarg Bimal Shah - Director
- Jigish Bhogilal Mehta - Director
The latest financial statements of Visual Percept Solar Projects on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Visual Percept Solar Projects is 24AADCV4692H1Z4, registered in Gujarat. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 27AADCV4692H1ZY (Maharashtra).
The CIN (Corporate Identification Number) of Visual Percept Solar Projects is U40106GJ2010PTC136247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Visual Percept Solar Projects has 2 court cases on record: 2 filed against it. 2 are pending.
Visual Percept Solar Projects was incorporated on 16 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Visual Percept Solar Projects has 8 deals on record (7 secondary share transfers, 1 funding round), with disclosed funding of ₹49.5 Cr; the latest was in February 2022.
Jigish Bhogilal Mehta ceased to be Additional Director on 04 Aug 2022. Naresh Kalidas Joshi ceased to be Additional Director on 04 Aug 2022. Nisarg Bimal Shah ceased to be Additional Director on 04 Aug 2022. Visual Percept Solar Projects has 13 board changes on record in total.
The registered office of Visual Percept Solar Projects is at Samanvay’ 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India – 380015.