About VSM Solar Private Limited
Data last updated:
VSM Solar Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 18 February 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29192KA2011PTC057179. Its GSTIN is 29AACCV9695D1ZQ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹69.53 Lakh. It is led by directors including Kapil Kumar Bansal and Mythili Sampath.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 185 100 Feet Road 1st Block 3rd Phase Bsk 3rd Stage Girinagar, Bangalore, Karnataka, India – 560085.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.13 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹76.1 Lakh (net margin 35.7%) and EBITDA of ₹89.99 Lakh (EBITDA margin 42.2%). Revenue has grown at a compounded annual rate (CAGR) of 153% over three years and 45% over five years.
The company is associated with 1 brand: VSM Solar. As per MCA filings, the company has open charges of ₹4.3 Cr and satisfied charges of ₹6.11 Cr on record. Court records list 16 cases involving the company, including 1 filed by the company and 15 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vsmsolar.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo. 185 100 Feet Road 1st Block 3rd Phase Bsk 3rd Stage Girinagar, Bangalore, Karnataka, India – 560085
- IndustryEnvironment, Solar Energy Solutions
- 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
- One PDF report, delivered after checkout
Business Activity of VSM Solar Private Limited
The main business activity of VSM Solar is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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 VSM Solar Private Limited FY 2024 filings available
VSM Solar Private Limited reported revenue of ₹2.13 Cr (up 2680% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of VSM Solar Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 45% over five years. EBITDA rose 896% 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 of VSM Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹89.99 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹76.1 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 of VSM Solar Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 35.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of VSM Solar are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of VSM Solar Private Limited
VSM Solar Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Natcon Solutions Private Limited | ₹2.15 Cr (FY 2025) | •••• | •••• | 123.0% | •••• | Rahata, Maharashtra, India |
| Xion Energy Private Limited | ₹2.15 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | New Delhi, Delhi, India |
| Ram Kumar Venture Private Limited | ₹2.14 Cr (FY 2025) | •••• | •••• | 10674.0% | •••• | Erode, Tamil Nadu, India |
| Bright Solar Limited Listed | ₹2.14 Cr (FY 2025) | •••• | •••• | -78.0% | •••• | Ahmedabad, Gujarat, India |
| Novus Remedies Private Limited | ₹2.13 Cr (FY 2024) | •••• | •••• | 68.0% | •••• | Mumbai, Maharashtra, India |
| VSM Solar Private Limited this company | ₹2.13 Cr (FY 2025) | •••• | •••• | 2680.0% | •••• | Bangalore, Karnataka, India |
| Gosolgen Renewables Private Limited | ₹2.12 Cr (FY 2022) | •••• | •••• | -38.0% | •••• | Hyderabad, Telangana, India |
| Ampin Energy Green (C&I) Private Limited | ₹2.12 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | New Delhi, Delhi, India |
| Apricus Renewables Private Limited | ₹2.11 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Radiance MH Sunrise Seven Private Limited | ₹2.11 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Ampsolar Energy Private Limited | ₹2.11 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below VSM Solar by revenue in the Cleantech industry (Solar Power), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of VSM Solar Private Limited
VSM Solar Private Limited is audited by GRSM & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GRSM & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of VSM Solar Private Limited
VSM Solar has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kapil Kumar Bansal | Director | 25 Feb 2017 | 9 Years 7 Months | Current |
| Mythili Sampath Also directs: VSM Spices Private Limited, VSM Energy Private Limited, VSM Engineering Private Limited and 1 more | Director | 18 Feb 2011 | 15 Years 7 Months | Current |
| Sampath Srinivasan Also directs: VSM Spices Private Limited, VSM Energy Private Limited, VSM Engineering Private Limited and 1 more | Director | 18 Feb 2011 | 15 Years 7 Months | Current |
Ownership and Shareholding of VSM Solar Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of VSM Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2016 | Others | ₹4.3 Cr | Open |
| 27 Jan 2012 | United Bank of India | ₹6.11 Cr | Satisfied |
Total charge records: 2 View all charges
Legal Cases of VSM Solar Private Limited
VSM Solar Private Limited has 16 court cases on record: 1 filed by VSM Solar, 15 filed against it. 1 case is pending and 15 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 15 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU RURAL, Karnataka | Execution petition | Filed against the company by Infosys Limited | Pending |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Infosys Limited | Disposed |
| District court, BENGALURU RURAL, Karnataka | Court case (Com.O.S.) | Filed against the company by Infosys Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Piramal Finance Limited | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by KPMG Assurance and Consulting Services LLP | Disposed |
Full case history
All 16 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by VSM Solar Private Limited
VSM Solar Private Limited has 6 MSME Form 1 returns on record between 2017 and 2019, listing 10 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| GRSM & Associates | •••• | •••• | •••• |
| Utility Projects and Services Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 6 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 VSM Solar Private Limited
VSM Solar operates one associated brand: VSM Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar refrigeration and cooling systems are designed, manufactured, and installed. | vsmsolar.com |
Employees and EPFO Compliance at VSM Solar Private Limited
Employment history and EPFO contributions of people linked to VSM Solar.
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.
Recent Activity on VSM Solar Private Limited
VSM Solar Private Limited has 8 board changes on record since 2011: 3 appointments and 5 cessations. The latest: Abhay Prasannaraj Singavi ceased to be Director on 29 Dec 2020.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for VSM Solar Private Limited
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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of VSM Solar Private Limited
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 VSM Solar Private Limited
VSM Solar has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCV9695D1ZQ | Karnataka | Active | 01 Jul 2017 |
| 29AADCV5679G1ZR | Karnataka | Active | 01 Jul 2017 |
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 VSM Solar Private Limited
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 VSM Solar Private Limited
VSM Solar is an active private limited company based in Bangalore, Karnataka, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 18 February 2011 (15+ years old) and is registered under CIN U29192KA2011PTC057179.
VSM Solar reported revenue of ₹2.13 Cr for FY 2025 (up 2680% YoY).
VSM Solar has 3 current directors:
- Kapil Kumar Bansal - Director
- Mythili Sampath - Director
- Sampath Srinivasan - Director
VSM Solar reported a net profit of ₹76.1 Lakh (net margin 35.7%) and EBITDA of ₹89.99 Lakh (EBITDA margin 42.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of VSM Solar is 153% over three years and 45% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of VSM Solar is 29AACCV9695D1ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AADCV5679G1ZR (Karnataka).
The CIN (Corporate Identification Number) of VSM Solar is U29192KA2011PTC057179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSM Solar has 16 court cases on record: 1 filed by the company and 15 filed against it. 1 is pending.
VSM Solar was incorporated on 18 February 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of VSM Solar by revenue are Natcon Solutions Private Limited, Xion Energy Private Limited, Ram Kumar Venture Private Limited, Bright Solar Limited, Novus Remedies Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Abhay Prasannaraj Singavi ceased to be Director on 29 Dec 2020. Stephan Bohm ceased to be Director on 11 Jun 2019. Kapil Kumar Bansal ceased to be Additional Director on 25 May 2017. VSM Solar has 8 board changes on record in total.
VSM Solar has 6 MSME Form 1 returns on record between 2017 and 2019, listing 10 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.