About Walwhan Solar BH Limited
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Walwhan Solar BH 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 29 October 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2010PLC209615. Its GSTIN is 10AABCW0327L1ZP (Bihar). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹35 Cr and a paid-up capital of ₹30.51 Cr. It was formerly known as Welspun Energy Jharkhand Private Limited and Walwhan Solar Bh 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 ₹57.42 Cr. For the same year it recorded a net profit of ₹28.31 Cr (net margin 49.3%) and EBITDA of ₹52.13 Cr (EBITDA margin 90.8%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
As per MCA filings, the company had open charges of ₹183 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 rights issue); the latest was in May 2016. Its 10 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 5 larger and 5 smaller; the largest is JSW Aakash Power Private Limited with revenue of ₹57.92 Cr. The company has 12 MSME Form 1 returns on record between 2018 and 2023, listing 22 overdue payments to 5 micro and small suppliers.
The last known website on record is tatapower.com.
Company details
Name history
Walwhan Solar BH has undergone 2 name changes throughout its history. The company was previously known as Welspun Energy Jharkhand Private Limited, and Walwhan Solar Bh Private Limited. The current legal name is Walwhan Solar Bh Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar BH Limited | Current |
| Welspun Energy Jharkhand Private Limited | Previous |
| Walwhan Solar Bh Private Limited | Previous |
CIN history
Walwhan Solar BH has one previous CIN (Corporate Identification Number): U40106MH2010PTC209615. The current CIN is U40106MH2010PLC209615, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2010PLC209615 | Current |
| U40106MH2010PTC209615 | Previous |
Contact details
Walwhan Solar BH Limited's registered office is in Mumbai, Maharashtra. Its website is tatapower.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- 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 BH 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
Business activity
The main business activity of Walwhan Solar BH 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 Walwhan Solar BH Limited, buy the company report.
Financials of Walwhan Solar BH Limited
FY 2024 filings availableWalwhan Solar BH Limited reported revenue of ₹57.42 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over three years. EBITDA fell 2% 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 | ₹57.42 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹52.13 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28.31 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 | 90.8% | ||||
| Net Profit Margin | 49.3% | ||||
| 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 BH Limited, buy the company report.
Board of directors and KMP of Walwhan Solar BH Limited
Walwhan Solar BH Limited currently reports 3 directors and 2 key managerial personnel. 24 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 |
Peer comparison
Walwhan Solar BH Limited is compared with the 10 companies closest to it by revenue in the Cleantech industry (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 |
|---|---|---|---|---|---|---|
| JSW Aakash Power Private Limited | ₹57.92 Cr (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Ampin Energy Green Private Limited | ₹57.77 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India | |||
| Astra Solren Private Limited | ₹57.68 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Clean Max Theia Private Limited | ₹57.64 Cr (FY 2025) | 110.0% | Mumbai, Maharashtra, India | |||
| Candi Solar Private Limited | ₹57.52 Cr (FY 2023) | 832.0% | Mohali, Punjab, India | |||
| Walwhan Solar BH Limitedthis company | ₹57.42 Cr (FY 2024) | ₹28.31 Cr | 49.3% | Mumbai, Maharashtra, India | ||
| Divyesh Power Private Limited | ₹56.69 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Solarcraft TN 1 Private Limited | ₹56.63 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Skypower Solar India Private Limited | ₹56.6 Cr (FY 2024) | 3.0% | New Delhi, Delhi, India | |||
| Aashman Energy Private Limited | ₹56.21 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| HCT Sun (India) Private Limited | ₹56.2 Cr (FY 2025) | 89.0% | Thane, Maharashtra, India |
To see the full peer comparison of Walwhan Solar BH Limited, buy the company report.
Auditor
Walwhan Solar BH Limited is audited by S R B C & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
The shareholding of Walwhan Solar BH 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 Walwhan Solar BH Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 May 2016 | 100025504 | Idbi Trusteeship Services Limited | ₹183 Cr | Open |
To see the full charge records of Walwhan Solar BH Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Walwhan Solar BH Limited has 1 deal on record (1 rights issue); the latest was in May 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Rights issue | ₹30.5 Cr | Investors: Walwhan Renewable Energy Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Walwhan Solar BH Limited has 3 court cases on record: 2 filed by Walwhan Solar BH, 1 filed against it. 1 case is pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gaya, Bihar | Civil suit | Filed against the company | Pending |
| 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 BH 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
Walwhan Solar BH Limited was last rated by Care on 01 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Jul 2022 |
To see the full credit ratings and regulatory alerts of Walwhan Solar BH Limited, buy the company report.
MSME payment delays
Walwhan Solar BH Limited has 12 MSME Form 1 returns on record between 2018 and 2023, listing 22 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iplon India Private Limited | |||
| S R B C & Co LLP | |||
| Elmex Electric Private Limited | |||
| Energy Asset Solutions Private Limited | |||
| Technocrafts Electric Private Limited |
To see the full MSME payment records of Walwhan Solar BH Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Walwhan Solar BH has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 10AABCW0327L1ZP | Bihar | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar BH Limited, buy the company report.
Recent activity
Walwhan Solar BH Limited has 26 board changes on record since 2011: 5 appointments and 21 cessations. The latest: Danish Afroz ceased to be Additional Director on 05 Aug 2022.
19 earlier events are in the company report.
News
Frequently asked questions
Walwhan Solar BH 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 BH 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 29 October 2010 and is registered under CIN U40106MH2010PLC209615. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar BH was incorporated on 29 October 2010. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar BH 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 BH is U40106MH2010PLC209615. 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 BH is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar BH can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar BH 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 BH is 10AABCW0327L1ZP, registered in Bihar. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Walwhan Solar BH operated in the environment industry, in the solar energy solutions segment.
Walwhan Solar BH has 1 deal on record (1 rights issue); the latest was in May 2016.
The peers of Walwhan Solar BH by revenue are JSW Aakash Power Private Limited, Ampin Energy Green Private Limited, Astra Solren Private Limited, Clean Max Theia Private Limited, Candi Solar Private Limited and 5 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
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