Waa Solar Limited - Company Profile

Q: Who are the current directors of Waa Solar Limited?

The current directors of Waa Solar Limited are Nikhil Kaushik, Mangi Lal Singhi, Neelakshi Amit Khurana, Amit Khurana Ashok, Shankar Prasad Bhagat, Mansi Heda, Prashant Kumar Gupta.

It is a environment public limited company based in Vadodara, Gujarat, India, established in 2009.

2009 Vadodara, Gujarat, India Active

Last Updated: December 23, 2025

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About Waa Solar Limited

Waa Solar Limited, a active public limited company, was established on 09 November 2009 in Vadodara, Gujarat, India. Engaging in solar energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: L40106GJ2009PLC076764. Registered under ROC Roc Ahmedabad. it is listed on BSE: 541445. It has an authorized capital of ₹18.00 Cr and a paid-up capital of ₹13.27 Cr.

Formerly known as Waa Solar P Limited, Waa Solar Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹26.19 Cr and a net worth of ₹177.94 Cr. Its leadership includes Nikhil Kaushik (Director), Neelakshi Amit Khurana (Director), Amit Khurana Ashok (Managing Director). Past directors included Nikhil Kaushik, Mayur Rajendrabhai Parikh, Vineet Rathi Omprakash. It holds ₹399.39 Cr open charges and ₹639.83 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Madhav House Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat, 390023.

Company Details

CIN/LLPIN
L40106GJ2009PLC076764
Registration Number
076764
Incorporation Date
09 November 2009
Authorized Capital
₹18.00 Cr
Paid-Up Capital
₹13.27 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 541445)
Company Status
Active

Key Metrics

Authorised Capital ₹ 18.00 Cr as on 23-12-2025
Paid Up Capital ₹ 13.27 Cr as on 23-12-2025
Company Age 16 Year, 3 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 399.39 Cr as on 23-12-2025
Satisfied Charges ₹ 639.83 Cr as on 23-12-2025
Revenue Growth **** 8.89% (FY 2023)
Profit Growth **** 31.33% (FY 2023)
Ebitda **** 3.13% (FY 2023)
Net Worth 3.79% (FY 2023)
Total Assets -2.26% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Waa Solar Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Waa Solar Limited?

Current Directors

Name	Designation	Appointment Date	Status
Nikhil Kaushik	Director	09 Feb 2024	Current
Neelakshi Amit Khurana	Director	01 Apr 2021	Current
Amit Khurana Ashok	Managing Director	26 Dec 2017	Current
Shankar Prasad Bhagat	Director	14 Aug 2024	Current
Mangi Lal Singhi	Director	27 Oct 2017	Current
Prashant Kumar Gupta	Additional Director	12 Nov 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	12 Mar 2024	Past
Pramod Abcsdd	Director	21 Mar 2018	Past
Pramod Abcsdd	Director	21 Mar 2018	Past
Pramod Abcsdd	Company Secretary	-	Past
Pramod Abcsdd	Additional Director	24 Sep 2024	Past
Pramod Abcsdd	Director	26 Dec 2017	Past

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Financial Performance of Waa Solar.

Waa Solar Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.89% increase. The company also saw a substantial improvement in profitability, with a 31.33% increase in profit. The company's net worth moved up by a moderate rise of 3.79%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

8.89%

*******

Revenue from Operations

*******

9.70%

*******

Total Assets

*******

-2.26%

*******

Profit or Loss

*******

31.33%

*******

Net Worth

*******

3.79%

*******

EBITDA

*******

3.13%

*******

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What is the Ownership and Shareholding Structure of Waa Solar?

In 2023, Waa Solar had a promoter holding of 69.82% and a public holding of 30.19%. The company had 8 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹3,993,905,000.00

Satisfied Charges

₹6,398,265,162.00

Charges Breakdown by Lending Institutions

Sbicap Trustee Company Limited : 322.02 Cr
State Bank Of India : 66.44 Cr
Others : 10.38 Cr
Hdfc Bank Limited : 0.55 Cr

Latest Charge Details

Date	Lender	Amount	Status
12 Sep 2024	Sbicap Trustee Company Limited	₹186.58 Cr	Open
21 Feb 2024	Hdfc Bank Limited	₹0.64 M	Open
02 Dec 2023	Others	₹10.38 Cr	Open
03 Aug 2023	Hdfc Bank Limited	₹2.65 M	Open
28 Apr 2023	Sbicap Trustee Company Limited	₹66.44 Cr	Open

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How Many Employees Work at Waa Solar?

Unlock and access historical data on people associated with Waa Solar, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Waa Solar, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Waa Solar's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Waa Solar

Recent Activity within the Organization

Director Appointment

Prashant Kumar Gupta was appointed as a Additional Director was appointed as a Additional Director on 12 Nov 2025 & has been associated with this company since 2 months 30 days . was recorded as a recent event.
12 Nov 2025
Charges

A charge with Sbicap Trustee Company Limited of Rs. 186.58 Cr registered on 12 Sep 2024 with Charge ID 100979788 was modified on 30 Sep 2025. was recorded as a recent event.
30 Sep 2025
Annual General Meeting

Waa Solar Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was recorded as a recent event.
26 Sep 2025
Director Appointment

Progress on Mansi Heda was appointed as a Company Secretary was appointed as a Company Secretary on 14 Aug 2025 & has been associated with this company since 5 months 28 days . was documented.
14 Aug 2025
Balance Sheet

The activity Waa Solar Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was completed.
31 Mar 2025
Charges

The activity A charge with Sbicap Trustee Company Limited amounted to Rs. 186.58 Cr with Charge ID 100979788 was registered on 12 Sep 2024. was completed.
12 Sep 2024

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