Ramnad Solar Power Limited - Due diligence report

A 360° intelligence report on Ramnad Solar Power Limited: trust score, financial health, credit view, compliance, directors, growth and dist…

2015-06-04 Ahmedabad, Gujarat Amalgamated Unlisted Active Compliant
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Ramnad Solar Power Limited — 360° Intelligence Report

Generated from MCA filings & public records
61/100
Trust Score
Moderate

Ramnad Solar Power Limited is assessed as Moderate with a Trust Score of 61/100. Ramnad Solar Power Limited is a public limited indian non-government company incorporated in 2015, operating in the Infrastructure and Utilities sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 26 Aug 2026 from the latest processed filings. Ramnad Solar Power Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
61/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
5/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 80/100 Low Risk
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (A+).

Charges position: 0 open (-) · 5 satisfied (360.10 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others2 48.0 cr
Standard Chartered Bank1 48.0 cr
Sbicap Trustee Company Limited2 48.0 cr
Compliance Score: 5/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Last balance sheet is for Mar 2023 - filings overdue.
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: B S R & Co. LLP on 2021-05-10.
  • Delayed payments to MSME suppliers disclosed (10 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
MANISH 01234567 Director 01/04/2018 6 yrs Approved
VIJAY PARSOTTAM VADHIA 01234567 Director 01/04/2018 6 yrs Approved
ASHWIN LALJIBHAI KYADA 01234567 Director 01/04/2018 6 yrs Approved
RAJENDRA GUPTA 01234567 Director 01/04/2018 6 yrs Approved
RAJ KUMAR JAIN 01234567 Director 01/04/2018 6 yrs Approved
  • 5 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Adani Green Energy (tamilnadu) Limited
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Adani Green Energy (tamilnadu) Limited Holding Company 74.00%

Key managerial personnel: RAJENDRA GUPTA (CFO) · RAJ KUMAR JAIN (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 75 · Distress 55
Growth signals & trust indicators
Steady revenue growth: +38% over 4 year(s).
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
Operating for 11+ years.
Active GST registration(s).
Distress signals & risk flags
Statutory filings appear overdue.
Adverse company status: Amalgamated.
Compliance score is weak (5/100).
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 8.82 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence37/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment64/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view77/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
10 Jan 2024
Charge satisfied
Sbicap Trustee Company Limited
18 Jul 2023
Last AGM held
Annual general meeting
17 Jul 2023
Director ceased
ASHWIN LALJIBHAI KYADA
11 Apr 2023
Director appointed
RAJENDRA GUPTA (CFO)
31 Mar 2023
Latest balance sheet
Filed with ROC
15 Mar 2023
Director ceased
ASHISH TAPARIA
07 Nov 2022
Director appointed
ASHWIN LALJIBHAI KYADA (Director)
Director ceased
SUMEET SHARMA
25 Jul 2022
Director ceased
SANDEEP SANTOSH SAHAY
16 Dec 2021
Director ceased
SUNIL JAYANTILAL MODI
10 Jul 2021
Director ceased
MANISH
Director ceased
VIJAY PARSOTTAM VADHIA
31 Mar 2021
Director appointed
MANISH (Director)
Director ceased
ANSHUL KHANDELWAL
20 Jan 2021
Director appointed
VIJAY PARSOTTAM VADHIA (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - leverage worth monitoring.
Net worth is positive.
5 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
All 5 registered charge(s) stand satisfied - past borrowings repaid.
Carries an external credit rating of A+ from Indiarating.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Capital has been raised through 1 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Scm Garments U17111TZ2013PTC020026 Tirupur, Tamil Nadu, India
Rlggroup U40108DL2010PTC202754 New Delhi, Delhi, India
Jbs Enterprises U74210MH2004PLC148516 Thane, Maharashtra, India
Emkay Taps & Cutting L66120MH1995PLC091091 Nagpur, Maharashtra, India
Adani Hybrid Energy Jaisalmer Four Limited U40106GJ2019PLC110124 Ahmedabad, Gujarat, India
Adani Renewable Energy Devco Private Limited U74140DL2015PTC283928 New Delhi, Delhi, India
Belectric U74993MH2010PTC200223 Mumbai, Maharashtra, India
Ml Group U52110AP1970PTC001370 Chilakaluripet, Andhra Pradesh, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Ramnad Solar Power Limited before audits and certifications: compliance score 5/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Ramnad Solar Power Limited: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 75/100, margin trends, ownership structure and peer set for Ramnad Solar Power Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 61/100, distress signals and MSME payment-delay disclosures - know whether Ramnad Solar Power Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Ramnad Solar Power Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Ramnad Solar Power Limited an active company?

Ramnad Solar Power Limited has MCA status “Amalgamated” with a compliance score of 5/100 (Caution Indicated).

Is Ramnad Solar Power Limited financially healthy?

Ramnad Solar Power Limited has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.

Should I do business with Ramnad Solar Power Limited?

Its overall Trust Score is 61/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Ramnad Solar Power Limited?

The ultimate holding entity is Adani Green Energy (tamilnadu) Limited. 5 active director(s) are on record.

Does Ramnad Solar Power Limited have loans or charges against its assets?

No open charges - all 5 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Ramnad Solar Power Limited up to date with its ROC filings?

Last balance sheet is for Mar 2023 - filings overdue. Overall compliance score: 5/100 (Caution Indicated).

Is it risky to lend to Ramnad Solar Power Limited?

Its Credit Risk Score is 80/100 (Low Risk). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.