About Walwhan Solar TN Limited
Data last updated:
Walwhan Solar TN 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 23 July 2010.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2010PLC326794. Its GSTIN is 33AABCW0020E1Z6 (Tamil Nadu). The company held 4 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹140 Cr and a paid-up capital of ₹50 Cr. It was formerly known as Welspun Solar Tech Private Limited and Walwhan Solar Tn 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 ₹127.12 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹65.1 Cr (net margin 51.2%) and EBITDA of ₹118.02 Cr (EBITDA margin 92.8%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
As per MCA filings, the company had satisfied charges of ₹1,036.62 Cr on record. Court records list 15 cases involving the company, including 8 filed by the company and 7 filed against it; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in January 2014. Its 5 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 2 larger and 3 smaller; the largest is Continuum MP Windfarm Development Private Limited with revenue of ₹132.85 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 23 overdue payments to 8 micro and small suppliers.
The last known website on record is tatapower.com.
Company details
Name history
Walwhan Solar TN has undergone 2 name changes throughout its history. The company was previously known as Welspun Solar Tech Private Limited, and Walwhan Solar Tn Private Limited. The current legal name is Walwhan Solar Tn Limited.
| Company Name | Status |
|---|---|
| Walwhan Solar TN Limited | Current |
| Welspun Solar Tech Private Limited | Previous |
| Walwhan Solar Tn Private Limited | Previous |
CIN history
Walwhan Solar TN has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U40106MH2010PLC326794, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106MH2010PLC326794 | Current |
| U40106MH2010PTC205888 | Previous |
| U40106DL2010PTC277364 | Previous |
| U40106DL2010PLC277364 | Previous |
Contact details
Walwhan Solar TN 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 TN 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 TN 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 TN Limited, buy the company report.
Financials of Walwhan Solar TN Limited
FY 2024 filings availableWalwhan Solar TN Limited reported revenue of ₹127.12 Cr (down 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 12% fall in the latest year. EBITDA fell 13% 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 | ₹127.12 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹118.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹65.1 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 | 92.8% | ||||
| Net Profit Margin | 51.2% | ||||
| 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 TN Limited, buy the company report.
Board of directors and KMP of Walwhan Solar TN Limited
Walwhan Solar TN Limited currently reports 3 directors and 3 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 |
| Farhat Taher Ali Also directs: Ali Comply4legal Private Limited | Company Secretary | 02 Jun 2022 | 4 Years 4 Months | As last reported |
| Amit Mimani | Director | 03 Nov 2023 | 2 Years 11 Months | As last reported |
| Kasturi Soundararajan | 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 TN Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Continuum MP Windfarm Development Private Limited | ₹132.85 Cr (FY 2025) | 390.0% | Mumbai, Maharashtra, India | |||
| Electro Solaire Private Limited | ₹129.48 Cr (FY 2025) | 1.0% | Pune, Maharashtra, India | |||
| Walwhan Solar TN Limitedthis company | ₹127.12 Cr (FY 2024) | ₹65.1 Cr | 51.2% | -12.0% | Mumbai, Maharashtra, India | |
| Renew Solar Energy (Karnataka) Private Limited | ₹125.7 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India | |||
| TP Kirnali Limited | ₹122.6 Cr (FY 2025) | -4.0% | Carnac Bunder, Mumbai, Maharashtra, India | |||
| Grace Renewable Energy Limited | ₹121.36 Cr (FY 2025) | 55.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Walwhan Solar TN Limited, buy the company report.
Auditor
Walwhan Solar TN Limited is audited by S B R C & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S B R C & CO LLP | FY 2024 | 324982E/E300003 |
Shareholding
The shareholding of Walwhan Solar TN 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 TN Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2018 | 100225578 | Others | ₹400 Cr | Satisfied | |
| 04 Jan 2016 | 100020094 | Others | ₹52 Cr | Satisfied | |
| 18 Jun 2015 | 10575596 | Sbicap Trustee Company Limited | ₹584.62 Cr | Satisfied |
To see the full charge records of Walwhan Solar TN Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Walwhan Solar TN Limited has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in January 2014.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2014 | Acquisition | ₹49.99 Cr | Buyer: Walwhan Renewable Energy Limited |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Walwhan Renewable Energy Limited & Sindoor Vineet Mittal, Walwhan Renewable Energy Limited Seller: Welspun Energy Chattisgarh Limited, Welspun Energy Chattisgarh Limited & Sindoor Mittal |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: Welspun Energy Chattisgarh Limited Seller: Welspun Energy Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Walwhan Solar TN Limited has 15 court cases on record: 8 filed by Walwhan Solar TN, 7 filed against it. 1 case is pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 4 | 0 |
| NCLT | 6 | 0 | 0 |
| District courts | 3 | 3 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Walwhan Renewable Energy Limited M/S.S.Parthasarathy, D.G Hariprasath,Suhael Buttan,Abhinav Parthasarathy | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Walwhan Renewable Energy Limited and 4 others | Disposed |
| District court, Tiruchirappalli, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation and Distribution Corporation Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation and Distribution Corportation Limited D.R.Arunkumar | Disposed |
To see the full case history of Walwhan Solar TN 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 TN Limited was last rated by Care on 29 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Jul 2021 |
To see the full credit ratings and regulatory alerts of Walwhan Solar TN Limited, buy the company report.
MSME payment delays
Walwhan Solar TN Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 23 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iplon India Private Limited | |||
| Mitarsh Energy Private Limited | |||
| Pragati Electricals Private Limited | |||
| Hei Power System Private Limited | |||
| Fimer India Private Limited |
To see the full MSME payment records of Walwhan Solar TN Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Walwhan Solar TN Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Walwhan Solar TN has 4 GST registrations: 1 active and 3 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCW0020E1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Walwhan Solar TN Limited, buy the company report.
Recent activity
Walwhan Solar TN Limited has 26 board changes on record since 2013: 6 appointments and 20 cessations. The latest: Amit Mimani ceased to be Additional Director on 08 Jul 2024.
24 earlier events are in the company report.
News
Frequently asked questions
Walwhan Solar TN 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 TN 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 23 July 2010 and is registered under CIN U40106MH2010PLC326794. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Walwhan Solar TN was incorporated on 23 July 2010. It is registered with the Registrar of Companies, Mumbai.
Walwhan Solar TN had 6 directors and KMP:
- Anjali Jayant Kulkarni - Director
- Amit Mimani - Director
- Kasturi Soundararajan - Director
- Ashwinikumar Ganpatrao Patil - Ceo
- Farhat Taher Ali - Company Secretary
- Behram Phiroze Mehta - Cfo
The CIN (Corporate Identification Number) of Walwhan Solar TN is U40106MH2010PLC326794. 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 TN is at CO The Tata Power Company Limited Corporate Center B 34 Sant Tukaram Road Carnac B, Under, Mumbai, Maharashtra, India – 400009.
Walwhan Solar TN can be reached through the website tatapower.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Walwhan Solar TN 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 TN is 33AABCW0020E1Z6, registered in Tamil Nadu. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
Walwhan Solar TN operated in the environment industry, in the solar energy solutions segment.
Walwhan Solar TN has 3 deals on record (2 secondary share transfers, 1 acquisition); the latest was in January 2014.
The peers of Walwhan Solar TN by revenue are Continuum MP Windfarm Development Private Limited, Electro Solaire Private Limited, Renew Solar Energy (Karnataka) Private Limited, TP Kirnali Limited, Grace Renewable Energy Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
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