MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-20-0009820
Vivaan Solar Private Limited - environment in Gwalior, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.05 Cr
▼ 13% YoY
Net profit · FY 2025
₹3.88 Cr
Net margin 27.6%
EBITDA · FY 2025
₹7.07 Cr
EBITDA margin 50.3%
Authorised capital
₹7.25 Cr
Registered with MCA
Paid-up capital
₹7.21 Cr
Issued & subscribed
Open charges
₹53.87 Cr
Satisfied ₹77.85 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
54
Provident fund records
About Vivaan Solar Private Limited
Data last updated:
Vivaan Solar Private Limited is a private limited company based in Gwalior, Madhya Pradesh, India, a subsidiary of Banco Construction Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 02 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U70100MP2010PTC023870. Its GSTIN is 23AAECB2066Q1ZI (Madhya Pradesh). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹7.25 Cr and a paid-up capital of ₹7.21 Cr. It was formerly known as Banco Infrastructure Private Limited. It is led by directors including Amit Bansal and Anshuman Mundhra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Nehru Colony Thathipur, Gwalior, Madhya Pradesh, India – 474011.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.05 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹3.88 Cr (net margin 27.6%) and EBITDA of ₹7.07 Cr (EBITDA margin 50.3%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 33% over five years.
The company has about 54 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 1 brand: Vivaan Solar. As per MCA filings, the company has open charges of ₹53.87 Cr and satisfied charges of ₹77.85 Cr on record. Court records list 23 cases involving the company, including 16 filed by the company and 7 filed against it; 7 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in May 2017. Its 6 peer companies in the Cleantech industry (EPC, BoP and BTG, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 4 larger and 2 smaller; the largest is Sunsure Solarpark Six Private Limited with revenue of ₹14.08 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 8 micro and small suppliers.
Vivaan Solar Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-20-0009820). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vivaansolar.com.
Company details
CIN U70100MP2010PTC023870
Registration Number 023870
Incorporation Date 02 July 2010
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Banco Construction Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-20-0009820
Recognitions & Rankings of Vivaan Solar
Contact details
Vivaan Solar Private Limited's registered office is in Gwalior, Madhya Pradesh. Its website is vivaansolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNehru Colony Thathipur, Gwalior, Madhya Pradesh, India – 474011
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Vivaan Solar Private Limited, buy the company report.
Comprehensive company report
Vivaan Solar 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
Vivaan Solar operates one associated brand: Vivaan Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides solar energy solutions through rooftop installations and solar parks in India. | vivaansolar.com |
Business activity
The main business activity of Vivaan Solar is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Vivaan Solar Private Limited, buy the company report.
Financials of Vivaan Solar Private Limited
FY 2025 filings availableVivaan Solar Private Limited reported revenue of ₹14.05 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹14.05 Cr ▼ 13%
Net profit · FY 2025
₹3.88 Cr margin 27.6%
EBITDA · FY 2025
₹7.07 Cr margin 50.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 21%
5 years · compounded
▼ 33%
EBITDA CAGR growth
1 year
▲ 27%
3 years · compounded
▼ 10%
5 years · compounded
▼ 18%
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 13% fall in the latest year. EBITDA rose 27% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹7.07 Cr | ||||
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| Net Profit (PAT) | ₹3.88 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 50.3% | ||||
| Net Profit Margin | 27.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Vivaan Solar Private Limited, buy the company report.
Board of directors of Vivaan Solar Private Limited
Vivaan Solar has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Bansal | Director | 02 Jul 2010 | 16 Years 3 Months | Current |
| Anshuman Mundhra | Director | 07 Aug 2013 | 13 Years 2 Months | Current |
| Ashish Kumar Agrawal | Director | 24 Mar 2017 | 9 Years 6 Months | Current |
| Mudit Garg Also directs: Ditsa Ifsc LLP, Dumt Tradevest Private Limited, Himgiri Energy Ventures Private Limited and 5 more | Director | 15 Dec 2013 | 12 Years 10 Months | Current |
Peer comparison
Vivaan Solar Private Limited is compared with the 6 companies closest to it by revenue in the Cleantech industry (EPC, BoP and BTG, Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sunsure Solarpark Six Private Limited | ₹14.08 Cr (FY 2025) | Gurgaon, Haryana, India | ||||
| Isharays Energy One Private Limited | ₹14.06 Cr (FY 2025) | 913.0% | Noida, Uttar Pradesh, India | |||
| Sastha Power Private Limited | ₹14.05 Cr (FY 2023) | 152.0% | Chennai, Tamil Nadu, India | |||
| Ams Electro Consultants and Contractors Private Limited | ₹14.05 Cr (FY 2025) | 39.0% | Kozhikode, Kerala, India | |||
| Vivaan Solar Private Limitedthis company | ₹14.05 Cr (FY 2025) | ₹3.88 Cr | 27.6% | -13.0% | 54 | Gwalior, Madhya Pradesh, India |
| Continental Trans Tech Private Limited | ₹13.96 Cr (FY 2024) | -57.0% | Hyderabad, Telangana, India | |||
| Eminent Solar Power Private Limited | ₹13.94 Cr (FY 2025) | 11.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Vivaan Solar Private Limited, buy the company report.
Auditor
Vivaan Solar Private Limited is audited by SDJ & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SDJ & ASSOCIATES | FY 2023 | 019324C |
Shareholding
The shareholding of Vivaan Solar 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 Vivaan Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹53.87 Cr
Satisfied charges
₹77.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2023 | 100804588 | Hdfc Bank Limited | ₹5 Lakh | Open | |
| 21 Jul 2023 | 100749727 | Hdfc Bank Limited | ₹6.8 Lakh | Open | |
| 26 Apr 2023 | 100718108 | Hdfc Bank Limited | ₹61.5 Lakh | Open | |
| 15 Jun 2022 | 100588680 | Hdfc Bank Limited | ₹75 Lakh | Open | |
| 20 Apr 2019 | 100254893 | State Bank of India | ₹8.73 Cr | Open |
To see the full charge records of Vivaan Solar Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Vivaan Solar Private Limited has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in May 2017.
Total deals
4
Secondary share transfers
3
Rights issue
1
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2017 | Rights issue | ₹2.25 Cr | Investors: Banco Construction Private Limited , Pearl Green Energy Private Limited , Mundhra Solar Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Pearl Green Energy Private Limited , an individual Seller: Mundhra Solar Private Limited , Banco Construction Private Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Pearl Green Energy Private Limited , Banco Construction Private Limited Seller: Mundhra Solar Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Banco Construction Private Limited , Pearl Green Energy Private Limited , Mundhra Solar Private Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vivaan Solar Private Limited has 23 court cases on record: 16 filed by Vivaan Solar, 7 filed against it. 7 cases are pending and 16 are disposed.
Total cases
23
Filed by the company
16
Filed against the company
7
Pending
7
Disposed
16
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 2 | 6 |
| District courts | 5 | 5 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Commercial suit | Filed against the company by Larsen and Toubro Limited | Pending |
| District court, Thane, Maharashtra | Commercial suit | Filed against the company by Larsen and Toubro Limited | Disposed |
| Bombay High Court | Court case (LPETN) | Filed against the company by Larsen and Toubro Limited | Disposed |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Union of India Represented by the Chief Electrical General Engineer Northern Railway & Anr. | Pending |
| High Court of Delhi | Court case (OMP (ENF.) (COMM.)) | Filed by the company against Union of India & Anr. | Pending |
To see the full case history of Vivaan Solar 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
Vivaan Solar Private Limited was last rated by Care on 15 May 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 May 2023 |
To see the full credit ratings and regulatory alerts of Vivaan Solar Private Limited, buy the company report.
MSME payment delays
Vivaan Solar Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Insolation Energy Limited | |||
| Reconnect Energy Solutions Limited | |||
| Bansal & Co | |||
| Laxmi Engineering | |||
| Kei Industries Limited |
To see the full MSME payment records of Vivaan Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vivaan Solar has 7 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
7
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Hill Power Private Limited | U40100MP2010PTC023710 | |
| Hill Energy Private Limited | U40100MP2010PTC023718 | |
| Himgiri Energy Ventures Private Limited | U40100MP2010PTC024507 | |
| Vivaan Solar Rail Rooftop Project Private Limited | U40106MP2016PTC040669 | |
| Vivaan Solar DM Project Private Limited | U40108MP2014PTC033517 | |
| Himgiri Green Energy Private Limited | U40300MP2020PTC053679 |
To see the full group structure of Vivaan Solar Private Limited, buy the company report.
Employees & EPFO
Vivaan Solar Private Limited has a workforce of 54 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
54
Active EPFO establishments
1
Employee growth
31.71%
GST
Vivaan Solar has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
11
Active
10
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAECB2066Q1ZI | Madhya Pradesh | Active | 01 Jul 2017 |
| 03AAECB2066Q1ZK | Punjab | Active | 01 Jul 2017 |
| 05AAECB2066Q1ZG | Uttarakhand | Active | 01 Jul 2017 |
| 07AAECB2066Q1ZC | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vivaan Solar Private Limited, buy the company report.
Recent activity
Vivaan Solar Private Limited has 12 board changes on record since 2010: 4 appointments and 8 cessations. The latest: Gyanendra Srivastava ceased to be Additional Director on 30 Sep 2025.
AGM
Vivaan Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Gyanendra Srivastava ceased to be Additional Director.
Filing
Vivaan Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with Hdfc Bank Limited of Rs. 16.91 Cr registered on 19 Mar 2015 with Charge ID 10557816 was modified on 03 May 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100804588 was registered on 09 Oct 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100749727 was registered on 21 Jul 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.62 Cr with Charge ID 100718108 was registered on 26 Apr 2023.
Charges
A charge registered on 04 May 2017 via Charge ID 100111097 with Others was fully satisfied on 13 Oct 2022.
Ceased
Amit Bansal ceased to be Director.
Charges
A charge registered on 13 Jun 2015 via Charge ID 10578673 with Indian Overseas Bank was fully satisfied on 07 Jul 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100588680 was registered on 15 Jun 2022.
Charges
A charge registered on 24 Mar 2017 via Charge ID 100104937 with Others was fully satisfied on 02 Jun 2021.
28 earlier events are in the company report.
Frequently asked questions
Vivaan Solar is an active private limited company based in Gwalior, Madhya Pradesh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 02 July 2010 (16+ years old) and is registered under CIN U70100MP2010PTC023870.
Vivaan Solar has 4 current directors:
- Amit Bansal - Director
- Anshuman Mundhra - Director
- Ashish Kumar Agrawal - Director
- Mudit Garg - Director
The latest financial statements of Vivaan Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vivaan Solar is 23AAECB2066Q1ZI, registered in Madhya Pradesh. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAECB2066Q1ZK (Punjab), 05AAECB2066Q1ZG (Uttarakhand), 07AAECB2066Q1ZC (Delhi).
The CIN (Corporate Identification Number) of Vivaan Solar is U70100MP2010PTC023870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vivaan Solar has 23 court cases on record: 16 filed by the company and 7 filed against it. 7 are pending. Most are in the high courts.
Vivaan Solar was incorporated on 02 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Gwalior.
Vivaan Solar has 4 deals on record (3 secondary share transfers, 1 rights issue); the latest was in May 2017.
The peers of Vivaan Solar by revenue are Sunsure Solarpark Six Private Limited, Isharays Energy One Private Limited, Sastha Power Private Limited, Ams Electro Consultants and Contractors Private Limited, Continental Trans Tech Private Limited and 1 more, all in the Cleantech industry (EPC, BoP and BTG, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Gyanendra Srivastava ceased to be Additional Director on 30 Sep 2025. Amit Bansal ceased to be Director on 16 Aug 2022. Ashish Kumar Agrawal ceased to be Additional Director on 30 Sep 2018. Vivaan Solar has 12 board changes on record in total.
Yes, Vivaan Solar is registered as a small enterprise under Udyam registration (number: UDYAM-MP-20-0009820).
Vivaan Solar has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 8 overdue payments to 8 micro and small suppliers. The latest return was filed on 01 Mar 2021.