About Walwhan Solar Ap Limited
Data last updated:
Walwhan Solar Ap Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Walwhan Renewable Energy Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the solar energy solutions segment of the environmental services sector. It was incorporated on 11 February 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40109MH2008PLC178769. Its GSTIN is 08AAACW7599M1ZD (Rajasthan). The company held 5 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹25 Cr and a paid-up capital of ₹20.37 Cr. It was formerly known as Welspun Solar Ap Private Limited and Welspun Orissa Power and Steel Private Limited. It was led by directors including Danish Afroz and Prashant Vasant Joshi.
Its last annual general meeting (AGM) was held on 09 July 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹51.72 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.9 Cr (net margin 3.7%) and EBITDA of ₹34.68 Cr (EBITDA margin 67.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
The company had about 7 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 1 subsidiary.
As per MCA filings, the company had satisfied charges of ₹2,264.38 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is welspunenergy.com.
Company details
Name history
Walwhan Solar Ap has undergone 3 name changes throughout its history. The company was previously known as Welspun Solar Ap Private Limited, Welspun Orissa Power And Steel Private Limited, and Walwhan Solar Ap Private Limited. The current legal name is Walwhan Solar Ap Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar Ap Limited | Current |
| Welspun Solar Ap Private Limited | Previous |
| Welspun Orissa Power And Steel Private Limited | Previous |
| Walwhan Solar Ap Private Limited | Previous |
CIN history
Walwhan Solar Ap has one previous CIN (Corporate Identification Number): U40109MH2008PTC178769. The current CIN is U40109MH2008PLC178769, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40109MH2008PLC178769 | Current |
| U40109MH2008PTC178769 | Previous |
Contact details
Walwhan Solar Ap Limited's registered office is in Mumbai, Maharashtra. Its website is welspunenergy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/O The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Walwhan Solar Ap 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 Walwhan Solar Ap Limited
FY 2024 filings availableWalwhan Solar Ap Limited reported revenue of ₹51.72 Cr (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 10% fall in the latest year. EBITDA fell 26% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹51.72 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹34.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.9 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 67.1% | ||||
| Net Profit Margin | 3.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Walwhan Solar Ap Limited, buy the company report.
Board of directors and KMP of Walwhan Solar Ap Limited
Walwhan Solar Ap Limited currently reports 3 directors and 2 key managerial personnel. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwinikumar Ganpatrao Patil | Ceo | 19 Aug 2020 | 6 Years 2 Months | As last reported |
| Danish Afroz | Director | 27 Jan 2022 | 4 Years 9 Months | As last reported |
| Prashant Vasant Joshi | Director | 16 Jun 2022 | 4 Years 4 Months | As last reported |
| Behram Phiroze Mehta | Cfo | 11 Mar 2019 | 7 Years 7 Months | As last reported |
| Mahesh Dinkar Paranjpe | Director | 26 Jul 2017 | 9 Years 3 Months | As last reported |
Auditor
Walwhan Solar Ap Limited is audited by SRBC & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
The shareholding of Walwhan Solar Ap Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Walwhan Solar Ap Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2016 | 100102936 | Others | ₹353 Cr | Satisfied | |
| 06 May 2016 | 100029715 | Idbi Trusteeship Services Limited | ₹1,000 Cr | Satisfied | |
| 08 Apr 2015 | 10573432 | Tata Cleantech Capital Limited | ₹55 Cr | Satisfied | |
| 27 Sep 2013 | 10457282 | Central Bank of India | ₹200 Cr | Satisfied | |
| 04 Sep 2012 | 10374638 | Centbank Financial Services Limited | ₹355 Cr | Satisfied |
To see the full charge records of Walwhan Solar Ap Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Walwhan Solar Ap Limited has 2 court cases on record: 2 filed by Walwhan Solar Ap. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Walwhan Solar Ap 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.
MSME payment delays
Walwhan Solar Ap Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 41 overdue payments to 9 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 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bajiya Security Services Private Limited | |||
| M S Infras | |||
| an individual supplier | |||
| Alom Poly Extrusions Limited | |||
| an individual supplier |
To see the full MSME payment records of Walwhan Solar Ap Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Walwhan Solar Ap has 1 subsidiary company and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Walwhan Solar Ka Limited | U40300MH2012PLC233418 |
To see the full group structure of Walwhan Solar Ap Limited, buy the company report.
Employees & EPFO
Walwhan Solar Ap Limited has a workforce of 7 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Walwhan Solar Ap has 5 GST registrations: 2 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACW7599M1ZD | Rajasthan | Active | 01 Jul 2017 |
| 37AAACW7599M1ZC | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar Ap Limited, buy the company report.
Recent activity
Walwhan Solar Ap Limited has 29 board changes on record since 2008: 5 appointments and 24 cessations. The latest: Danish Afroz ceased to be Additional Director on 05 Aug 2022.
40 earlier events are in the company report.
Frequently asked questions
Walwhan Solar Ap has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Walwhan Solar Ap was a public limited company based in Mumbai, Maharashtra, India. The company worked in solar energy solutions, within the environment industry. It was incorporated on 11 February 2008 and is registered under CIN U40109MH2008PLC178769. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar Ap was incorporated on 11 February 2008. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar Ap had 5 directors and KMP:
- Danish Afroz - Director
- Prashant Vasant Joshi - Director
- Mahesh Dinkar Paranjpe - Director
- Ashwinikumar Ganpatrao Patil - Ceo
- Behram Phiroze Mehta - Cfo
The CIN (Corporate Identification Number) of Walwhan Solar Ap is U40109MH2008PLC178769. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Walwhan Solar Ap is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar Ap can be reached through the website welspunenergy.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar Ap on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 09 July 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Walwhan Solar Ap is 08AAACW7599M1ZD, registered in Rajasthan. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 37AAACW7599M1ZC (Andhra Pradesh).
Walwhan Solar Ap operated in the environment industry, in the solar energy solutions segment.
Walwhan Solar Ap has 12 MSME Form 1 returns on record between 2019 and 2023, listing 41 overdue payments to 9 micro and small suppliers. The latest return was filed on 21 Oct 2023.