About Walwhan Solar PB Limited
Data last updated:
Walwhan Solar PB 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 transmission and distribution segment of the energy sector. It was incorporated on 23 December 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2010PLC326052. Its GSTIN is 03AABCW0420G1Z1 (Punjab). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹100 Cr and a paid-up capital of ₹96.01 Cr. It was formerly known as Welspun Solar Punjab Private Limited and Walwhan Solar Pb Private Limited. It was led by directors including Anjali Jayant Kulkarni and Kasturi Soundararajan.
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 2023, the company reported a revenue of ₹41.22 Cr. For the same year it recorded a net profit of ₹17.54 Cr (net margin 42.5%) and EBITDA of ₹37.04 Cr (EBITDA margin 89.9%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 2% over five years.
The company had about 2 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had open charges of ₹1,200 Cr and satisfied charges of ₹306.04 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it.
The last known website on record is tatapower.com.
Company details
Name history
Walwhan Solar PB has undergone 2 name changes throughout its history. The company was previously known as Welspun Solar Punjab Private Limited, and Walwhan Solar Pb Private Limited. The current legal name is Walwhan Solar Pb Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar PB Limited | Current |
| Welspun Solar Punjab Private Limited | Previous |
| Walwhan Solar Pb Private Limited | Previous |
CIN history
Walwhan Solar PB has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40300MH2010PLC326052, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40300MH2010PLC326052 | Current |
| U40300MH2010PTC211302 | Previous |
| U40300DL2010PLC274220 | Previous |
| U40300DL2010PTC274220 | Previous |
Contact details
Walwhan Solar PB 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
- IndustryEnergy, Transmission And Distribution, Electric Power Generation
To see the full contact details of Walwhan Solar PB 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 PB 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 PB Limited, buy the company report.
Financials of Walwhan Solar PB Limited
FY 2024 filings availableWalwhan Solar PB Limited reported revenue of ₹41.22 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹41.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹37.04 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.54 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 89.9% | ||||
| Net Profit Margin | 42.5% | ||||
| 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 PB Limited, buy the company report.
Board of directors and KMP of Walwhan Solar PB Limited
Walwhan Solar PB Limited currently reports 3 directors and 2 key managerial personnel. 20 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 |
| Kasturi Soundararajan | 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 |
| Mahesh Dinkar Paranjpe | Director | 27 May 2022 | 4 Years 5 Months | As last reported |
| Behram Phiroze Mehta | Cfo | 06 Mar 2019 | 7 Years 7 Months | As last reported |
Peer comparison
Walwhan Solar PB Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Renew Solar Photovoltaic Private Limited | ₹41.54 Cr (FY 2025) | 211840.0% | Gurugram, Haryana, India | |||
| Walwhan Solar PB Limitedthis company | ₹41.22 Cr (FY 2023) | ₹17.54 Cr | 42.5% | 2 | Mumbai, Maharashtra, India | |
| Sunsure Energy Private Limited | ₹41.2 Cr (FY 2024) | -75.0% | Gurgaon, Haryana, India | |||
| Azure Power Rooftop (Genco.) Private Limited | ₹40.73 Cr (FY 2025) | 742.0% | New Delhi, Delhi, India | |||
| Juniper Green Cosmic Private Limited | ₹40.45 Cr (FY 2025) | 5517.0% | New Delhi, Delhi, India |
To see the full peer comparison of Walwhan Solar PB Limited, buy the company report.
Auditor
Walwhan Solar PB Limited is audited by S B R C & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B R C & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Walwhan Solar PB 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 PB Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2016 | 100044002 | Idbi Trusteeship Services Limited | ₹7.4 Cr | Satisfied | |
| 09 Nov 2015 | 10604641 | Idbi Trusteeship Services Limited | ₹21.76 Cr | Satisfied | |
| 23 Dec 2014 | 10538286 | Idbi Trusteeship Services Limited | ₹201.88 Cr | Satisfied | |
| 13 Nov 2014 | 10530077 | Idbi Trusteeship Services Limited | ₹75 Cr | Satisfied |
To see the full charge records of Walwhan Solar PB Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Walwhan Solar PB Limited has 9 court cases on record: 2 filed by Walwhan Solar PB, 7 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 6 | 0 |
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bathinda, Punjab | Appeal | Filed against the company by an individual | 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 |
| District court, Bathinda, Punjab | Civil miscellaneous application | Filed against the company by an individual | Disposed |
| High Court, PUNJAB | Revision petition | Filed against the company by an individual | Disposed |
To see the full case history of Walwhan Solar PB 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 PB Limited has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 5 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iplon India Private Limited | |||
| Mitarsh Energy Private Limited | |||
| an individual supplier | |||
| Innovision Limited |
To see the full MSME payment records of Walwhan Solar PB Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Walwhan Solar PB Limited has a workforce of 2 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Walwhan Solar PB has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AABCW0420G1Z1 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar PB Limited, buy the company report.
Recent activity
Walwhan Solar PB Limited has 37 board changes on record since 2010: 21 appointments and 16 cessations. The latest: Farhat Taher Ali ceased to be Company Secretary on 31 May 2022.
37 earlier events are in the company report.
News
Frequently asked questions
Walwhan Solar PB 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 PB was a public limited company based in Mumbai, Maharashtra, India. The company worked in transmission and distribution, within the energy industry. It was incorporated on 23 December 2010 and is registered under CIN U40300MH2010PLC326052. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar PB was incorporated on 23 December 2010. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar PB had 5 directors and KMP:
- Anjali Jayant Kulkarni - Director
- Kasturi Soundararajan - Director
- Mahesh Dinkar Paranjpe - Director
- Ashwinikumar Ganpatrao Patil - Ceo
- Behram Phiroze Mehta - Cfo
The CIN (Corporate Identification Number) of Walwhan Solar PB is U40300MH2010PLC326052. 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 PB is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar PB can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar PB 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 PB is 03AABCW0420G1Z1, registered in Punjab. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Walwhan Solar PB operated in the energy industry, in the transmission and distribution segment.
The peers of Walwhan Solar PB by revenue are Renew Solar Photovoltaic Private Limited, Sunsure Energy Private Limited, Azure Power Rooftop (Genco.) Private Limited, Juniper Green Cosmic Private Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Walwhan Solar PB has 1 MSME Form 1 return on record for the period ending Sep 2023, listing 5 overdue payments to 4 micro and small suppliers. The latest return was filed on 20 Oct 2023.
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