About Walwhan Solar Raj Limited
Data last updated:
Walwhan Solar Raj 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 16 April 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40105MH2010PLC202097. Its GSTIN is 08AADCV3448D1ZE (Rajasthan). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹4 Cr and a paid-up capital of ₹2.87 Cr. It was formerly known as Viraj Renewables Energy Private Limited and Walwhan Solar Raj Private Limited. It was led by directors including Kailash Pati Mali 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 ₹8.06 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹2 Cr (net margin 24.8%) and EBITDA of ₹6.24 Cr (EBITDA margin 77.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 6% over five years.
As per MCA filings, the company had satisfied charges of ₹51.38 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company.
The last known website on record is tatapower.com.
Company details
Name history
Walwhan Solar Raj has undergone 2 name changes throughout its history. The company was previously known as Viraj Renewables Energy Private Limited, and Walwhan Solar Raj Private Limited. The current legal name is Walwhan Solar Raj Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar Raj Limited | Current |
| Viraj Renewables Energy Private Limited | Previous |
| Walwhan Solar Raj Private Limited | Previous |
CIN history
Walwhan Solar Raj has one previous CIN (Corporate Identification Number): U40105MH2010PTC202097. The current CIN is U40105MH2010PLC202097, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40105MH2010PLC202097 | Current |
| U40105MH2010PTC202097 | Previous |
Contact details
Walwhan Solar Raj 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 Raj 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 Raj 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 Raj Limited, buy the company report.
Financials of Walwhan Solar Raj Limited
FY 2024 filings availableWalwhan Solar Raj Limited reported revenue of ₹8.06 Cr (down 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 8% fall in the latest year. EBITDA fell 11% 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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| EBITDA | ₹6.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2 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 | 77.4% | ||||
| Net Profit Margin | 24.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Walwhan Solar Raj Limited, buy the company report.
Board of directors of Walwhan Solar Raj Limited
Walwhan Solar Raj has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Pati Mali | Director | 13 Oct 2021 | 5 Years 0 Months | As last reported |
| Prashant Vasant Joshi | Director | 16 Jun 2022 | 4 Years 4 Months | As last reported |
| Jeraz Eruch Mahernosh | Director | 26 Jun 2018 | 8 Years 4 Months | As last reported |
Peer comparison
Walwhan Solar Raj Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Waaree PV Technologies Private Limited | ₹8.1 Cr (FY 2023) | -4.0% | Mumbai, Maharashtra, India | |||
| K M Energy Private Limited | ₹8.1 Cr (FY 2025) | 0.0% | Lucknow, Uttar Pradesh, India | |||
| Star Solar Power Private Limited | ₹8.09 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| Walwhan Solar Raj Limitedthis company | ₹8.06 Cr (FY 2024) | ₹2 Cr | 24.8% | -8.0% | Mumbai, Maharashtra, India | |
| Breathe Solar Power Private Limited | ₹8.06 Cr (FY 2024) | -19.0% | Kankroli, Rajasthan, India | |||
| Torrent Saurya Urja 5 Private Limited | ₹8.04 Cr (FY 2025) | Ahmedabad, Gujarat, India | ||||
| Ampin Power Generation Private Limited | ₹7.99 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India |
To see the full peer comparison of Walwhan Solar Raj Limited, buy the company report.
Auditor
Walwhan Solar Raj 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 Raj 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 Raj Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jun 2011 | 10298207 | Indian Overseas Bank | ₹51.38 Cr | Satisfied |
To see the full charge records of Walwhan Solar Raj Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Walwhan Solar Raj Limited has 2 court cases on record: 2 filed by Walwhan Solar Raj. 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 Raj 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 Raj Limited has 5 MSME Form 1 returns on record between 2021 and 2023, listing 8 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 |
|---|---|---|---|
| Bajiya Security Services Private Limited | |||
| an individual supplier | |||
| Elmex Electric Private Limited | |||
| Fimer India Private Limited |
To see the full MSME payment records of Walwhan Solar Raj Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Walwhan Solar Raj has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AADCV3448D1ZE | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar Raj Limited, buy the company report.
Recent activity
Walwhan Solar Raj Limited has 19 board changes on record since 2010: 3 appointments and 16 cessations. The latest: Kailash Pati Mali ceased to be Additional Director on 22 Sep 2022.
13 earlier events are in the company report.
News
Frequently asked questions
Walwhan Solar Raj 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 Raj 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 April 2010 and is registered under CIN U40105MH2010PLC202097. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar Raj was incorporated on 16 April 2010. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar Raj had 3 directors:
- Kailash Pati Mali - Director
- Prashant Vasant Joshi - Director
- Jeraz Eruch Mahernosh - Director
The CIN (Corporate Identification Number) of Walwhan Solar Raj is U40105MH2010PLC202097. 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 Raj is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar Raj can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar Raj 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 Raj is 08AADCV3448D1ZE, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Walwhan Solar Raj operated in the environment industry, in the solar energy solutions segment.
The peers of Walwhan Solar Raj by revenue are Waaree PV Technologies Private Limited, K M Energy Private Limited, Star Solar Power Private Limited, Breathe Solar Power Private Limited, Torrent Saurya Urja 5 Private Limited and 1 more, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Walwhan Solar Raj has 5 MSME Form 1 returns on record between 2021 and 2023, listing 8 overdue payments to 4 micro and small suppliers. The latest return was filed on 14 Nov 2023.
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