About Walwhan Solar Ka Limited
Data last updated:
Walwhan Solar Ka Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Walwhan Solar Ap 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 16 July 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2012PLC233418. Its GSTIN is 29AABCW2667F1Z4 (Karnataka). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹17 Cr and a paid-up capital of ₹1 Lakh. It was formerly known as Walwhan Solar Ka Private Limited and Welspun Solar Kannada Private Limited. It was led by directors including Ashwinikumar Ganpatrao Patil and Bipin Narayan Kulkarni.
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 ₹23.54 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹4.84 Cr (net margin 20.6%) and EBITDA of ₹20.36 Cr (EBITDA margin 86.5%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 1% over five years.
The company had about 6 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹1,386.07 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it.
The last known website on record is welspunenergy.com.
Company details
Name history
Walwhan Solar Ka has undergone 2 name changes throughout its history. The company was previously known as Walwhan Solar Ka Private Limited, and Welspun Solar Kannada Private Limited. The current legal name is Walwhan Solar Ka Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar Ka Limited | Current |
| Walwhan Solar Ka Private Limited | Previous |
| Welspun Solar Kannada Private Limited | Previous |
CIN history
Walwhan Solar Ka has one previous CIN (Corporate Identification Number): U40300MH2012PTC233418. The current CIN is U40300MH2012PLC233418, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300MH2012PLC233418 | Current |
| U40300MH2012PTC233418 | Previous |
Contact details
Walwhan Solar Ka 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 Ka 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 Ka 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 Ka Limited, buy the company report.
Financials of Walwhan Solar Ka Limited
FY 2024 filings availableWalwhan Solar Ka Limited reported revenue of ₹23.54 Cr (up 2% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 1% 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 | ₹23.54 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹20.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.84 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 | 86.5% | ||||
| Net Profit Margin | 20.6% | ||||
| 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 Ka Limited, buy the company report.
Board of directors of Walwhan Solar Ka Limited
Walwhan Solar Ka has 3 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwinikumar Ganpatrao Patil | Director | 30 Mar 2022 | 4 Years 6 Months | As last reported |
| Bipin Narayan Kulkarni Also directs: TP Kirnali Solar Limited, TP Akkalkot Renewable Limited | Director | 23 Jun 2022 | 4 Years 4 Months | As last reported |
| Kaushik Sanyal | Director | 28 Apr 2023 | 3 Years 6 Months | As last reported |
Peer comparison
Walwhan Solar Ka 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 |
|---|---|---|---|---|---|---|
| Belgaum Renewable Energy Private Limited | ₹23.95 Cr (FY 2025) | -5.0% | Hyderabad, Telangana, India | |||
| Lone Cypress Ventures Private Limited | ₹23.9 Cr (FY 2025) | 2.0% | Noida, Uttar Pradesh, India | |||
| Talf Solar India Private Limited | ₹23.83 Cr (FY 2025) | 275.0% | New Delhi, Delhi, India | |||
| Speed Mecotronix Private Limited | ₹23.74 Cr (FY 2024) | 80.0% | Sengottai, Tamil Nadu, India | |||
| Mi Mysolar24 Private Limited | ₹23.57 Cr (FY 2023) | 7.0% | Mumbai, Maharashtra, India | |||
| Walwhan Solar Ka Limitedthis company | ₹23.54 Cr (FY 2024) | ₹4.84 Cr | 20.6% | 2.0% | 6 | Mumbai, Maharashtra, India |
| Sei Sooraj Renewable Energy Private Limited | ₹23.52 Cr (FY 2025) | 1.0% | Hyderabad, Telangana, India | |||
| Dreisatz Mysolar24 Private Limited | ₹23.4 Cr (FY 2024) | 4.0% | Mumbai, Maharashtra, India | |||
| Sei Sunshine Power Private Limited | ₹23.12 Cr (FY 2025) | 4.0% | Hyderabad, Telangana, India | |||
| Tarun Kiran Bhoomi Private Limited | ₹23.11 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Rajasthan Sun Technique Energy Private Limited | ₹23.09 Cr (FY 2025) | -61.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Walwhan Solar Ka Limited, buy the company report.
Auditor
Walwhan Solar Ka 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 Ka 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 Ka Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Aug 2016 | 100102933 | Others | ₹113 Cr | Satisfied | |
| 06 May 2016 | 100029608 | Idbi Trusteeship Services Limited | ₹1,000 Cr | Satisfied | |
| 30 Jun 2014 | 10506995 | Indusind Bank Ltd. | ₹150 Cr | Satisfied | |
| 27 Dec 2013 | 10471428 | Central Bank of India | ₹74.32 Cr | Satisfied | |
| 24 Jun 2013 | 10437392 | Central Bank of India | ₹48.75 Cr | Satisfied |
To see the full charge records of Walwhan Solar Ka Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Walwhan Solar Ka Limited has 4 court cases on record: 2 filed by Walwhan Solar Ka, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed against the company by M/S Suraksha Realty Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed against the company by M/S Suraksha Realty Limited | Disposed |
| 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 Ka 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 Ka Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 54 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 |
|---|---|---|---|
| Metravi Instruments Private Limited | |||
| Iplon India Private Limited | |||
| Fimer India Private Limited | |||
| Energy Asset Solutions Private Limited | |||
| NG Corporate Solutions |
To see the full MSME payment records of Walwhan Solar Ka Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Walwhan Solar Ka Limited has a workforce of 6 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Walwhan Solar Ka has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW2667F1Z4 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar Ka Limited, buy the company report.
Recent activity
Walwhan Solar Ka Limited has 22 board changes on record since 2013: 3 appointments and 19 cessations. The latest: Kaushik Sanyal ceased to be Additional Director on 25 Sep 2023.
27 earlier events are in the company report.
Frequently asked questions
Walwhan Solar Ka 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 Ka 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 16 July 2012 and is registered under CIN U40300MH2012PLC233418. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar Ka was incorporated on 16 July 2012. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar Ka had 3 directors:
- Ashwinikumar Ganpatrao Patil - Director
- Bipin Narayan Kulkarni - Director
- Kaushik Sanyal - Director
The CIN (Corporate Identification Number) of Walwhan Solar Ka is U40300MH2012PLC233418. 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 Ka is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar Ka can be reached through the website welspunenergy.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar Ka 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 Ka is 29AABCW2667F1Z4, registered in Karnataka. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Walwhan Solar Ka operated in the environment industry, in the solar energy solutions segment.
The peers of Walwhan Solar Ka by revenue are Belgaum Renewable Energy Private Limited, Lone Cypress Ventures Private Limited, Talf Solar India Private Limited, Speed Mecotronix Private Limited, Mi Mysolar24 Private Limited and 5 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Walwhan Solar Ka has 7 MSME Form 1 returns on record between 2019 and 2024, listing 54 overdue payments to 5 micro and small suppliers. The latest return was filed on 25 Apr 2024.