Madhavgrp - Company overview

Madhavgrp (legal name: Waa Solar Limited) is an MCA-registered Indian company: a Public Limited Indian Non-Government Company (CIN L40106GJ2…

2009-11-09 Vadodara, Gujarat Active Listed Active Compliant
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MA Madhavgrp

Key Metrics Public MCA facts are exact. Revenue, profit, assets, and employee figures may show as ranges until unlocked.

REVENUE
₹25–50 Cr
▲ 5.6%
FY 2023
PROFIT / LOSS
₹5–10 Cr
▲ 35.6%
FY 2023
EBITDA
₹25–50 Cr
▲ 1.0%
FY 2023
NET WORTH
₹100–500 Cr
▲ 4.7%
FY 2023
TOTAL ASSETS
₹100–500 Cr
▼ -3.8%
FY 2023
OPEN CHARGES
8
-242.82 cr
PAID-UP CAPITAL
13.27 cr
AUTHORISED CAPITAL
18.00 cr
COMPANY AGE
16 Years 10 Months
since 2009-11-09
LAST FILING WITH ROC
2025-03-31
Last AGM: 2025-09-26
ACTIVE GST
1
Updated: 2023-10-18 22:25:40
TOTAL MONEY RAISED
₹100–500 Cr
SATISFIED CHARGES
13
639.83 cr

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

Health scores for Madhavgrp 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 Low risk
82/100
Overall counterparty comfort for vendors and customers.
  • Blend of compliance (63), financial health (95), director (85) and company-foundation signals.
  • Operating for 16+ years.
Compliance Score Moderate
63/100
Statutory filings, status and regulatory flags.
  • Company status is Active as per MCA.
  • Annual filings up to date (balance sheet as of Mar 2025).
Financial Health Score Low risk
95/100
Profitability, leverage and liquidity from filed statements.
  • Profitable in FY 2023.
  • Positive net worth.
Director Risk Score Low risk
85/100
Board strength, DIN status and churn.
  • 10 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 Madhavgrp Company identity, industry, contact, and registration details from MCA and company records.

Madhavgrp (legal name: Waa Solar Limited) is an MCA-registered Indian company: a Public Limited Indian Non-Government Company (CIN L40106GJ2009PLC076764). Business overview includes Environment (Solar Energy Solutions), incorporated on November 09, 2009 (17+ years old), based in Vadodara. The company is currently Active with Active Compliant compliance status. Public MCA filings list 10 current director record(s) on this profile.

Environment ••••••••
  • Location Madhav House Nr. Panchratna Building, Subhanpura, Vadodara, Gujarat - 390023
  • Website waasolar.org
Name History
Legal NameWaa Solar Limited
CIN / LLPINL40106GJ2009PLC076764
Company No.076764
Stock Symbol BSE: 541445
ClassificationPublic Limited Indian Non-Government Company
Incorporation Date2009-11-09
Date of AGM2025-09-26
Date of Balance Sheet2025-03-31
Listing StatusListed
ROC CodeRoc Ahmedabad
Credit RatingBBB+ (Care)
PAN
LEI Number
Active ComplianceActive Compliant

Current Directors of Madhavgrp (10) Current board members from MCA filings, including designation and appointment details.

N
Nikhil Kaushik
Director | Since 2024-02-09 | DIN: 00040403
N
Nikita Prakash Sadhwani
Company Secretary | Since 2022-08-31 | EEVPS4120C
K
Kamal Ashwinbhai Lalani
Director | Since 2024-08-14 | DIN: 09141815
M
Mangi Lal Singhi
CFO | Since 2018-02-20 | AKWPS2432G
N
Neelakshi Amit Khurana
Director | Since 2021-04-01 | DIN: 00027350
A
Amit Khurana Ashok
Managing Director | Since 2017-12-26 | DIN: 00003626

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

Estimated bands · FY 2023
Revenue ₹25–50 Cr ▲ 5.6%
P&L ₹5–10 Cr ▲ 35.6%
EBITDA ₹25–50 Cr ▲ 1.0%
Net worth ₹100–500 Cr ▲ 4.7%

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

Sbicap Trustee Company Limited : 253.02 cr
Others : 10.38 cr
Hdfc Bank Limited : 32.92 Lakh
Open Charges: 8 Satisfied Charges: 13
Open -242.82 cr
Satisfied 639.83 cr
LenderAmountStatus
Sbicap Trustee Company Limited
Creation Date: 12 Sep 2024
 186.58 cr Open
Hdfc Bank Limited
Creation Date: 21 Feb 2024
 6.38 Lakh Open
Others
Creation Date: 02 Dec 2023
 10.38 cr Open

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

Activity GroupDescriptionTurnover %
Electricity, gas, steam and air condition supplyElectric power generation, transmission and distribution100

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

Board Overlap From MCA / Compliance Filings

Madhav Infra Projects Limited 3 Shared Directors
Adab Hospitality Services Private Limited 1 Shared Director
Ai Bio Fuels Private Limited 1 Shared Director
Ash-A Restaurants Llp 1 Shared Director
Bizzybodyz Learning Solutions Llp 1 Shared Director
Blueocean Ecotech Limited 1 Shared Director
Fortune Exports Private Limited 1 Shared Director
Govindpura Audyogik Kshetra Pradushan Nivaran Kendra 1 Shared Director
Group Pharmaceuticals Limited 1 Shared Director
Madhav Infra Projects Private Limited 1 Shared Director
Madhavsolar (Udaigarh) Private Limited 1 Shared Director
Mansha Textiles Pvt Ltd 1 Shared Director
Mipl Solar Dhamnod Private Limited 1 Shared Director
Mipl Solar Panchewa Private Limited 1 Shared Director
Mipl Solar Semliya Private Limited 1 Shared Director
Msk Real Estates Private Limited 1 Shared Director
Rahatgarh Berkhedi Corridor Private Limited 1 Shared Director
Sainergy Industrial Products Private Limited 1 Shared Director
Waa Solar (Awalda) Private Limited 1 Shared Director
Waa Solar (Satipura) Private Limited 1 Shared Director
Waa Solar (Talanpur) Private Limited 1 Shared Director
Waa Solar (Tawlai) Private Limited 1 Shared Director

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

9 years of ratios on record

Profitability, leverage and liquidity ratios require an active report plan.

Net profit margin Debt / Equity Current ratio ROE

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

9 shareholder categories on record

Ownership mix and contribution history require an active report plan.

Ownership mix Category breakdown Year-wise pattern Promoter holding

GST Compliance of Madhavgrp 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

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

1 regulatory flag on record

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

MSME Payment Delays by Madhavgrp 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

Subsidiaries & Group Companies of Madhavgrp Parent, subsidiary, and related group entities. Full ownership map unlocks with your report.

6 subsidiaries on record

Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.

Parent company Subsidiaries and ownership Associates and joint ventures Entity investments

MCA Filings & Documents of Madhavgrp 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
Frequently Asked Questions about Madhavgrp Common questions about this company from MCA and profile data. Some answers are limited until unlocked.
What is CIN of Madhavgrp?
The Corporate Identification Number (CIN) for Madhavgrp is L40106GJ2009PLC076764. CIN is a distinct identification code allotted by the Registrar of Companies (ROC) under the Ministry of Corporate Affairs (MCA). The company registration number is 076764 as per MCA.
When was Madhavgrp incorporated?
Madhavgrp was incorporated 16 years 10 months ago on 09 Nov 2009.
Who are the current board members and directors of Madhavgrp?
Madhavgrp shows 9 current director record(s) in this profile. Open the People tab for names, DIN, and designations.
What is the registered address of Madhavgrp?
Madhavgrp is registered in Vadodara, Gujarat as per MCA records. Full street address is available after unlock.
Is Madhavgrp registered with any stock exchange in India?
Yes, Madhavgrp is registered on Bombay Stock Exchange (BSE).
What is the official website of Madhavgrp?
The official website of Madhavgrp is https://waasolar.org.
What is the ROC code of Madhavgrp?
Madhavgrp ROC code is Roc Ahmedabad.
What is the company classification of Madhavgrp?
Madhavgrp is classified as Public Limited Indian Non-Government Company.
Madhavgrp - is it listed or unlisted?
Madhavgrp is a Listed company.
Does Madhavgrp have subsidiaries?
Madhavgrp has 6 subsidiary record(s) in available group structure data. See the Ownership section for group structure detail.
What is the current status of Madhavgrp?
Madhavgrp is currently Active and registered in Vadodara, Gujarat, India.
What industry or business activity is Madhavgrp associated with?
Madhavgrp lists activity aligned with: Environment - Solar Energy Solutions - Electric power generation, transmission and distribution. See the Overview and Competition sections for fuller industry context.
Does Madhavgrp have GST registrations on file?
Madhavgrp shows 1 active GST registration signal(s) in compliance overview data. Open the Compliance tab for GSTIN and filing context when your plan allows.
Where can I see charges and lenders for Madhavgrp?
Use the Charges tab for MCA charge filings, charge holders, and open versus satisfied charges for Madhavgrp.
How do I contact Madhavgrp?
Use the official website at https://waasolar.org and the registered office address on this profile for corporate contact. Infyner does not publish personal customer-care numbers unless they appear in sourced company records.
What is the turnover or revenue of Madhavgrp?
Turnover and revenue appear in filed financial statements when available. Open the Financial tab on this profile for revenue, profit or loss, balance sheet metrics, and related MCA filings - not headline estimates.
How can I get the financial details of Madhavgrp?
You can view revenue, profit or loss, balance sheet metrics, and related filings on the Financial tab of this company profile.

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.