Mundra Solar Pv Limited - Company overview

Adanisolar is an active public limited company registered with ROC Ahmedabad on 1 June 2015, about 11 years ago.

2015-06-01 Ahmedabad, Gujarat Active Unlisted Active Compliant
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Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹1000+ Cr
▼ -37.4%
FY 2023
PROFIT / LOSS
Loss · ₹100–500 Cr
▼ -476.2%
FY 2023
EBITDA
₹25–50 Cr
▼ -87.6%
FY 2023
NET WORTH
₹500–1000 Cr
▼ -41.1%
FY 2023
TOTAL ASSETS
₹1000+ Cr
▼ -6.4%
FY 2023
EMPLOYEE COUNT
391–400
OPEN CHARGES
5
2,047.08 cr
PAID-UP CAPITAL
918.37 cr
AUTHORISED CAPITAL
1,000.00 cr
COMPANY AGE
11 Years 4 Months
since 2015-06-01
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-06-23
ACTIVE GST
10
Updated: 2023-10-27 19:17:46
TOTAL MONEY RAISED
₹500–1000 Cr
SATISFIED CHARGES
5
1,061.00 cr

Company Health Scores Scores from 0–100 based on filings, compliance signals, financials, and board history on this profile.

Health scores for Adanisolar covering vendor trust, statutory compliance, financial health and director risk - derived from MCA filings, GST and EPFO records, financial statements and the company's board history.

Vendor Trust Score Moderate
62/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (74), financial health (15), director (85) and company-foundation signals.
  • Operating for 11+ years.
Compliance Score Moderate
74/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Last balance sheet filed for Mar 2025 - slightly behind.
Financial Health Score High risk
15/100
Profitability, leverage and liquidity from filed statements.
  • Loss-making in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
85/100
Board strength, DIN status and churn.
  • 7 directors on the board.
  • No disqualified or deactivated DINs on the current board.
Scores are derived from MCA filings, financial statements and public records on this page. Higher is safer. They are indicative, not a credit rating.
360° Intelligence Report: trust score, financial health, credit risk, growth & distress signals - auto-generated from filings. View report →

About Adanisolar Company identity, industry, contact, and registration details from MCA and company records.

Adanisolar is an active public limited company registered with ROC Ahmedabad on 1 June 2015, about 11 years ago. Its registered office is in Ahmedabad, Gujarat.

Its filings describe the main line of business as electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment, which made up 97.91% of turnover.

It has seven directors: Manish Ramchand Daulani, Surender Singh Rathore, Gaurav Surinder Vesasi and 4 others. The longest-serving is Rajesh Kumar Jha, on the board since 2015; the most recent to join is Rahul Krishanlal Bhutiani, appointed in August 2025. Muralee Krishnan is the managing director. 16 former directors are on record; the most recent to leave was Anil Kumar Gupta in October 2022. Between them, the directors also sit on the boards of 23 other companies, including Mundra Solar Energy Limited and Adani Defence Systems And Technologies Limited.

Paid-up capital stands at ₹918 crore out of ₹1000 crore authorised. The last AGM on record was on 23 June 2025, for accounts made up to 31 March 2025. Five charges (secured loans) are still open, and five more have been paid off.

Energy and Power ••••••••
  • Location Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway,, Ahmedabad, Gujarat - 382421
  • Website adanisolar.com
LinkedIn Facebook Twitter YouTube Instagram
Legal NameMundra Solar Pv Limited
CIN / LLPINU74999GJ2015PLC083378
Company No.083378
ClassificationPublic Limited Indian Non-Government Company
Incorporation Date2015-06-01
Date of AGM2025-06-23
Date of Balance Sheet2025-03-31
Listing StatusUnlisted
ROC CodeRoc Ahmedabad
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Adanisolar (7) Current board members from MCA filings, including designation and appointment details.

M
Manish Ramchand Daulani
Company Secretary | Since 2023-09-26
S
Surender Singh Rathore
CFO | Since 2024-09-06
G
Gaurav Surinder Vesasi
Director | Since 2024-07-23 | DIN: 09848221
S
Sushama Ashvin Oza
Director | Since 2016-08-20 | DIN: 07145540
M
Muralee Krishnan
Managing Director | Since 2024-11-14 | DIN: 10831284
R
Rajesh Kumar Jha
Director | Since 2015-08-18 | DIN: 03387711

Financial Performance of Adanisolar Bands and Low / Medium / High trend shape. Exact figures unlock with your report.

Estimated bands · FY 2023
Revenue ₹1000+ Cr ▼ -37.4%
P&L Loss · ₹100–500 Cr ▼ -476.2%
EBITDA ₹25–50 Cr ▼ -87.6%
Net worth ₹500–1000 Cr ▼ -41.1%

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Charges of Adanisolar Open and satisfied charges registered against the company with MCA.

Others : 2,132.08 cr
Open Charges: 5 Satisfied Charges: 5
Open 2,047.08 cr
Satisfied 1,061.00 cr
LenderAmountStatus
Others
Creation Date: 20 May 2025
 250.00 cr Open
Others
Creation Date: 15 Dec 2023
 1,121.08 cr Open
Others
Creation Date: 06 Oct 2023
 495.38 cr Closed

Business Activity Principal business activity and turnover mix from MCA filings.

Activity GroupDescriptionTurnover %
ManufacturingElectrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment97.91
Electricity, gas, steam and air condition supplyElectric power generation, transmission and distribution2.09

Companies With Common Directors Of Adanisolar Other companies that share directors with this entity, based on MCA and compliance network data.

Board Overlap From MCA / Compliance Filings

Mundra Solar Energy Limited 2 Shared Directors
Adani Defence Systems And Technologies Limited 1 Shared Director
Adani Green Energy Twenty Five A Limited 1 Shared Director
Adani Green Energy Twenty Five Limited 1 Shared Director
Adani Green Energy Twenty Four B Limited 1 Shared Director
Adani New Industries Limited 1 Shared Director
Adani Power Maharashtra Limited 1 Shared Director
Adani Power Rajasthan Limited 1 Shared Director
Adani Renewable Energy (Rj) Limited 1 Shared Director
Adani Renewable Energy Fifty Seven Limited 1 Shared Director
Adani Renewable Energy Forty Five Limited 1 Shared Director
Adani Renewable Energy Park Rajasthan Limited 1 Shared Director
Adani Renewable Energy Three Limited 1 Shared Director
Adimahesh Seva Foundation 1 Shared Director
Gopalpur Ports Limited 1 Shared Director
Korba Power Limited 1 Shared Director
Krishnapatnam Oils & Fats Private Limited 1 Shared Director
Mahan Energen Limited 1 Shared Director
Mundra Lpg Terminal Private Limited 1 Shared Director
Parampujya Solar Energy Limited 1 Shared Director
Satya Sai Agroils Private Limited 1 Shared Director
Vishakha Glass Private Limited 1 Shared Director
Wardha Solar (Maharashtra) Limited 1 Shared Director

Financial Ratios of Adanisolar Profitability, leverage, and liquidity ratios from filed statements. Exact values unlock with your report.

9 years of ratios on record

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Net profit margin Debt / Equity Current ratio ROE

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Shareholding Pattern of Adanisolar Ownership and contribution detail from filings. Full breakdown unlocks with your report.

9 shareholder categories on record

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Ownership mix Category breakdown Year-wise pattern Promoter holding

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Employees and EPFO Compliance at Adanisolar EPFO establishments, contributions, and headcount history. Full records unlock with your report.

1 establishment linked

Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.

Monthly headcount PF contributions ECR filing status Establishment history

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GST Compliance of Adanisolar GST registrations and filing status by state. Full compliance detail unlocks with your report.

State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.

GSTIN registrations State-wise filing status HSN and SAC details Tax jurisdiction records

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Credit Ratings, Litigation & Regulatory Alerts for Adanisolar Ratings, court records, and regulatory alerts. Full risk detail unlocks with your report.

Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.

Rating history Court and tribunal cases Regulatory alerts Director-linked violations

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MSME Payment Delays by Adanisolar MSME supplier payment delays and filing history. Full amounts unlock with your report.

Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.

Outstanding amounts Delay periods and reasons MSME-1 filing history Vendor payment signals

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MCA Filings & Documents of Adanisolar Official MCA forms, returns, and filing index. Document access unlocks with your report.

Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.

Incorporation documents Annual returns and statements Charge filings Complete filing index

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Frequently Asked Questions about Adanisolar Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
Who is the owner of Adanisolar?
MCA does not publish an "owner" field. Adanisolar is run by its directors, Manish Ramchand Daulani, Surender Singh Rathore, Gaurav Surinder Vesasi and four others, with Muralee Krishnan as managing director. The people who own the shares are listed in its annual return (form MGT-7), which can differ from the directors.
Who are the current board members and directors of Adanisolar?
Adanisolar has seven current directors: Manish Ramchand Daulani (since September 2023), Surender Singh Rathore (since September 2024), Gaurav Surinder Vesasi (since July 2024), Sushama Ashvin Oza (since August 2016), Muralee Krishnan (since November 2024) and Rajesh Kumar Jha (since August 2015), plus 1 more. Muralee Krishnan is the managing director.
What is CIN of Adanisolar?
The CIN of Adanisolar is U74999GJ2015PLC083378. Reading it left to right: U means it is not listed, 74999 is the industry code it registered under, GJ is Gujarat, 2015 is the year it was registered, PLC is the company type and 083378 is its registration number.
When was Adanisolar incorporated?
Adanisolar was incorporated on 1 June 2015 with ROC Ahmedabad. That makes it about 11 years old.
What is the registered address of Adanisolar?
The registered office on MCA records is Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Ahmedabad, Gujarat - 382421.
What is the current status of Adanisolar?
MCA shows Adanisolar as Active, and its last AGM on record was in June 2025.
What is the contact number or email for Adanisolar?
You can post to its registered office at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Ahmedabad, Gujarat - 382421 and use its website, https://adanisolar.com.
What industry or business activity is Adanisolar associated with?
Its MCA filings list the main business as electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment (97.91% of turnover).
What is paid-up capital and authorised share capital of Adanisolar?
Paid-up capital is ₹918 crore and authorised capital is ₹1000 crore, so about 92% of the authorised amount has been issued.
When did Adanisolar last file accounts and hold an AGM?
The last AGM on record was on 23 June 2025, and the latest balance sheet is for the year ending 31 March 2025.
Where can I see charges and lenders for Adanisolar?
Five charges against Adanisolar are still open and five have been satisfied.
Have any directors left Adanisolar?
Yes, 16 former directors are on record. The most recent to leave were Anil Kumar Gupta (October 2022), Sanjeev Bafna (March 2021) and Dev Prakash Joshi (May 2019).
Which companies share directors with Adanisolar?
23 companies share directors with Adanisolar. Among them are Mundra Solar Energy Limited, Adani Defence Systems And Technologies Limited, Adani Green Energy Twenty Five A Limited and 20 more.
What is the turnover or revenue of Adanisolar?
Based on filed financial statements, the revenue of Adanisolar for FY 2023 was in the ₹1000+ Cr range. That is down 37.4% on the previous year. Exact year-wise revenue, profit and balance sheet figures are on the Financial tab.
What is the net worth of Adanisolar?
For FY 2023, the net worth of Adanisolar was in the ₹500–1000 Cr range.
How can I get the financial details of Adanisolar?
The latest accounts on record are for FY 2023. The Financial tab has year-wise profit and loss, balance sheet and ratios, with exact figures after you sign in.
What is the official website of Adanisolar?
The website on record for Adanisolar is https://adanisolar.com.
Which company owns adanisolar.com?
adanisolar.com is the website listed for Mundra Solar Pv Limited in its company records.
Adanisolar - is it listed or unlisted?
Adanisolar is unlisted, so its shares are not traded on a stock exchange. Its CIN starts with U for the same reason.
What is the ROC code of Adanisolar?
Adanisolar is registered with ROC Ahmedabad.
What is the company classification of Adanisolar?
MCA classifies Adanisolar as: Public Limited Indian Non-Government Company.
Does Adanisolar have GST registrations on file?
Yes, 10 active GST registrations are linked to Adanisolar, usually one per state it operates in.

Disclaimer: Data on this page is compiled from public sources as available in our system at the time of the last update and is for general information only. Scores are derived indicators, not credit ratings or advice - please verify from official sources and consult a professional before making any business or financial decision.