About Walwhan Solar MP Limited
Data last updated:
Walwhan Solar MP 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 05 August 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2010PLC206275. Its GSTIN is 23AABCW0019M1ZJ (Madhya Pradesh). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹300 Cr and a paid-up capital of ₹186.01 Cr. It was formerly known as Welspun Solar Madhya Pradesh Private Limited and Welspun Solar Madhyapradesh Private Limited. It was led by directors including Anjali Jayant Kulkarni and Amit Mimani.
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 ₹191.95 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹87.78 Cr (net margin 45.7%) and EBITDA of ₹166.81 Cr (EBITDA margin 86.9%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
The company had about 17 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹510 Cr and satisfied charges of ₹1,030 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 6 deals on record (2 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹144.5 Cr; the latest was in September 2016. Its 5 peer companies in the Infrastructure industry (Project Management, Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 4 smaller; the largest is Azure Power Forty One Private Limited with revenue of ₹193.89 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 34 overdue payments to 12 micro and small suppliers.
The last known website on record is tatapower.com.
Company details
Name history
Walwhan Solar MP has undergone 3 name changes throughout its history. The company was previously known as Welspun Solar Madhya Pradesh Private Limited, Welspun Solar Madhyapradesh Private Limited, and Walwhan Solar Mp Private Limited. The current legal name is Walwhan Solar Mp Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar MP Limited | Current |
| Welspun Solar Madhya Pradesh Private Limited | Previous |
| Welspun Solar Madhyapradesh Private Limited | Previous |
| Walwhan Solar Mp Private Limited | Previous |
CIN history
Walwhan Solar MP has one previous CIN (Corporate Identification Number): U40106MH2010PTC206275. The current CIN is U40106MH2010PLC206275, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2010PLC206275 | Current |
| U40106MH2010PTC206275 | Previous |
Contact details
Walwhan Solar MP 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 MP 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 MP 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 MP Limited, buy the company report.
Financials of Walwhan Solar MP Limited
FY 2024 filings availableWalwhan Solar MP Limited reported revenue of ₹191.95 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over three years, including a 3% fall in the latest year. EBITDA fell 9% 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 |
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| Total Expenses | |||||
| EBITDA | ₹166.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹87.78 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.9% | ||||
| Net Profit Margin | 45.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Walwhan Solar MP Limited, buy the company report.
Board of directors and KMP of Walwhan Solar MP Limited
Walwhan Solar MP Limited currently reports 3 directors and 2 key managerial personnel. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anjali Jayant Kulkarni | Director | 26 Jun 2018 | 8 Years 4 Months | As last reported |
| Ashwinikumar Ganpatrao Patil | Ceo | 19 Aug 2020 | 6 Years 2 Months | As last reported |
| Amit Mimani | Director | 03 Nov 2023 | 3 Years 0 Months | As last reported |
| Kasturi Soundararajan Also directs: TP Varun Limited | Director | 26 Jun 2018 | 8 Years 4 Months | As last reported |
| Behram Phiroze Mehta | Cfo | 06 Mar 2019 | 7 Years 7 Months | As last reported |
Peer comparison
Walwhan Solar MP Limited is compared with the 5 companies closest to it by revenue in the Infrastructure industry (Project Management, 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 |
|---|---|---|---|---|---|---|
| Azure Power Forty One Private Limited | ₹193.89 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Walwhan Solar MP Limitedthis company | ₹191.95 Cr (FY 2024) | ₹87.78 Cr | 45.7% | -3.0% | 17 | Mumbai, Maharashtra, India |
| Clean Solar Power (Bhadla) Private Limited | ₹191.08 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Adyah Solar Energy Private Limited | ₹190.2 Cr (FY 2025) | -10.0% | Rajajinagar Bangalore, Karnataka, India | |||
| Arinsun Clean Energy Private Limited | ₹190.1 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Avaada Sustainable Rjproject Private Limited | ₹189.02 Cr (FY 2025) | -6.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Walwhan Solar MP Limited, buy the company report.
Auditor
Walwhan Solar MP Limited is audited by S R B C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Walwhan Solar MP 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 MP Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2018 | 100208390 | Idbi Trusteeship Services Limited | ₹145 Cr | Satisfied | |
| 25 Feb 2013 | 10406555 | Centbank Financial Services Limited | ₹885 Cr | Satisfied |
To see the full charge records of Walwhan Solar MP Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Walwhan Solar MP Limited has 6 deals on record (2 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹144.5 Cr; the latest was in September 2016.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Walwhan Renewable Energy Limited Seller: Guayama PR Holdings BV |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: Walwhan Renewable Energy Limited Seller: Guayama PR Holdings BV |
| Mar 2014 | Funding round | ₹17.04 Cr | Investors: Guayama PR Holdings BV |
| Mar 2014 | Acquisition | ₹101.84 Cr | Buyer: Walwhan Renewable Energy Limited |
| Nov 2012 | Acquisition | ₹50 Cr | Buyer: Walwhan Renewable Energy Limited |
To see the full deal history of Walwhan Solar MP Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Walwhan Solar MP Limited has 3 court cases on record: 2 filed by Walwhan Solar MP, 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 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0406-Indirect Taxes Matters : Cess Acts (Rubber, Coffee, Tea, Sugar, etc.)) | Filed against the company by Deputy Labour Commissioner the State of Madhya Pradesh, New Moti Bunglow, MG Road , District: Indore ,Indore , Madhya Pradesh and 2 others | 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 MP 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 MP Limited was last rated by Crisil on 04 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Nov 2020 |
To see the full credit ratings and regulatory alerts of Walwhan Solar MP Limited, buy the company report.
MSME payment delays
Walwhan Solar MP Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 34 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iplon India Private Limited | |||
| R.R.S. (India) Security Services Private Limited | |||
| an individual supplier | |||
| Mitarsh Energy Private Limited | |||
| Regent Climate Connect Knowledge Solutions Private Limited |
To see the full MSME payment records of Walwhan Solar MP Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Walwhan Solar MP Limited has a workforce of 17 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Walwhan Solar MP has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCW0019M1ZJ | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar MP Limited, buy the company report.
Recent activity
Walwhan Solar MP Limited has 24 board changes on record since 2011: 5 appointments and 19 cessations. The latest: Amit Mimani ceased to be Additional Director on 08 Jul 2024.
21 earlier events are in the company report.
News
Frequently asked questions
Walwhan Solar MP 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 MP 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 05 August 2010 and is registered under CIN U40106MH2010PLC206275. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar MP was incorporated on 05 August 2010. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar MP had 5 directors and KMP:
- Anjali Jayant Kulkarni - Director
- Amit Mimani - Director
- Kasturi Soundararajan - Director
- Ashwinikumar Ganpatrao Patil - Ceo
- Behram Phiroze Mehta - Cfo
The CIN (Corporate Identification Number) of Walwhan Solar MP is U40106MH2010PLC206275. 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 MP is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar MP can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar MP 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 MP is 23AABCW0019M1ZJ, registered in Madhya Pradesh. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Walwhan Solar MP operated in the environment industry, in the solar energy solutions segment.
Walwhan Solar MP has 6 deals on record (2 secondary share transfers, 2 acquisitions, 1 funding round), with disclosed funding of ₹144.5 Cr; the latest was in September 2016.
The peers of Walwhan Solar MP by revenue are Azure Power Forty One Private Limited, Clean Solar Power (Bhadla) Private Limited, Adyah Solar Energy Private Limited, Arinsun Clean Energy Private Limited, Avaada Sustainable Rjproject Private Limited, all in the Infrastructure industry (Project Management, Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
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