MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0077515
Waasang Solar One Private Limited
Waasang Solar One Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.44 Lakh
▼ 30% YoY
Net loss · FY 2025
₹48.21 Lakh
Net margin -163.8%
EBITDA · FY 2025
-₹6.87 Lakh
EBITDA margin -23.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
Last financials
Mar 2025
Balance sheet date
About Waasang Solar One Private Limited
Data last updated:
Waasang Solar One Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Waaree Renewable Technologies Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 29 August 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2018PTC313194.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Pujan Pankaj Doshi and Hitesh Pranjivan Mehta.
Its last annual general meeting (AGM) was held on 22 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 504 Western Edge – 1 Off Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.44 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹48.21 Lakh (net margin -163.8%) and EBITDA of -₹6.87 Lakh (EBITDA margin -23.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years.
Waasang Solar One Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0077515).
Company details
CIN U40300MH2018PTC313194
Registration Number 313194
Incorporation Date 29 August 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Parent Company Waaree Renewable Technologies Limited
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0077515
Recognitions & Rankings of Waasang Solar One
Contact details
Waasang Solar One Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address504 Western Edge – 1 Off Western Express Highway Borivali (East), Mumbai, Maharashtra, India – 400066
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Waasang Solar One Private Limited, buy the company report.
Comprehensive company report
Waasang Solar One 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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Business activity
The main business activity of Waasang Solar One is electricity, gas, steam and air conditioning supply. In detail, this covers electricity, gas, steam and air conditioning supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air conditioning supply | 35 | Electricity, gas, steam and air conditioning supply |
To see the full business activity and turnover split of Waasang Solar One Private Limited, buy the company report.
Financials of Waasang Solar One Private Limited
FY 2025 filings availableWaasang Solar One Private Limited reported revenue of ₹29.44 Lakh (down 30% YoY) for FY 2025.
Revenue · FY 2025
₹29.44 Lakh ▼ 30%
Net loss · FY 2025
₹48.21 Lakh margin -163.8%
EBITDA · FY 2025
-₹6.87 Lakh margin -23.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 30%
3 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▼ 118%
3 years · compounded
▼ 32%
5 years · compounded
▼ 94%
Revenue has declined at a compounded annual rate (CAGR) of 2% over three years, including a 30% fall in the latest year. EBITDA fell 118% 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 | -₹6.87 Lakh | ||||
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| Net Profit (PAT) | -₹48.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -23.3% | ||||
| Net Profit Margin | -163.8% | ||||
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To see the full financial statements and ratios of Waasang Solar One Private Limited, buy the company report.
Board of directors of Waasang Solar One Private Limited
Waasang Solar One has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pujan Pankaj Doshi Also directs: Waaree Renewable Technologies Limited, Waaree PV Power LLP, Waasol Energies LLP and 5 more | Director | 30 Mar 2019 | 7 Years 7 Months | Current |
| Hitesh Pranjivan Mehta Also directs: Indosolar Limited, Waaree Energies Limited, Waaree Renewable Technologies Limited and 4 more | Nominee Director | 29 Aug 2018 | 8 Years 2 Months | Current |
Auditor
Waasang Solar One Private Limited is audited by Vishal Surti & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vishal Surti & Associates | FY 2023 | 149388W |
Shareholding
The shareholding of Waasang Solar One 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 Waasang Solar One Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Waasang Solar One Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Waasang Solar One Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Waasang Solar One Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Waasang Solar One Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Mayank Jayantilal Shah ceased to be Nominee Director on 30 Mar 2019.
AGM
Waasang Solar One Private Limited last Annual general meeting of members was held on 22 Sep 2025 as per latest MCA records.
Filing
Waasang Solar One Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Mayank Jayantilal Shah ceased to be Nominee Director.
Appointed
Pujan Pankaj Doshi was appointed as Director.
Appointed
Hitesh Pranjivan Mehta was appointed as Nominee Director.
Appointed
Mayank Jayantilal Shah was appointed as Nominee Director.
Incorporation
29 Aug 2018
Waasang Solar One Private Limited was registered on 29 Aug 2018 with Roc Mumbai & aged 8 years 2 months as per MCA records.
Frequently asked questions
Waasang Solar One 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 29 August 2018 (8+ years old) and is registered under CIN U40300MH2018PTC313194.
Waasang Solar One has 2 current directors:
- Pujan Pankaj Doshi - Director
- Hitesh Pranjivan Mehta - Nominee Director
The latest financial statements of Waasang Solar One on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 22 September 2025. Year-wise statements from FY 2019 are in the company report.
The CIN (Corporate Identification Number) of Waasang Solar One is U40300MH2018PTC313194. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waasang Solar One was incorporated on 29 August 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Mayank Jayantilal Shah ceased to be Nominee Director on 30 Mar 2019. Pujan Pankaj Doshi was appointed as Director on 30 Mar 2019. Hitesh Pranjivan Mehta was appointed as Nominee Director on 29 Aug 2018. Waasang Solar One has 4 board changes on record in total.
Yes, Waasang Solar One is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0077515).
The registered office of Waasang Solar One is at 504 Western Edge – 1 Off Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066.
Waasang Solar One operates in the environment industry, in the solar energy solutions segment.
Waasang Solar One can be reached at its registered office: 504 Western Edge – 1 Off Western Express Highway Borivali East, Mumbai, Maharashtra, India – 400066.
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