Solitaire Btn Solar Private Limited - Due diligence report

A 360° intelligence report on Solitaire Btn Solar Private Limited: trust score, financial health, credit view, compliance, directors, growth…

2011-05-11 New Delhi, Delhi Active Unlisted Active Compliant
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Solitaire Btn Solar Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
58/100
Trust Score
Moderate

Solitaire Btn Solar Private Limited is assessed as Moderate with a Trust Score of 58/100. Solitaire Btn Solar Private Limited is an active private limited indian non-government company incorporated in 2011, operating in the Environment sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.

Report generated on 26 Jul 2026 from the latest processed filings. Solitaire Btn Solar Private Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Strong

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
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
72/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
30/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
70/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
60/100
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: 25/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 1.42).
  • Working-capital cover adequate.

Charges position: 1 open (365.69 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 72/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 3 court forum(s).
  • Delayed payments to MSME suppliers disclosed (30 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
SATYENDRA SINGH 01234567 Director 01/04/2018 6 yrs Approved
Kamal Thakurani 01234567 Director 01/04/2018 6 yrs Approved
  • 2 directors on the board.
  • SATYENDRA SINGH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 2 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 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
Hindustan Cleanenergy Limited
Subsidiaries
-
Group entities
-
Capital events
7 allotment(s) · 1 transfer(s)

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

Group entityRelationship% held
Hindustan Cleanenergy Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 70 · Distress 60
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Operating for 15+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 17.71 Lakh.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence64/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment38/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 365.69 cr already registered.
  • Compliance record supports lending.
Investor view53/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
30 Sep 2025
Last AGM held
Annual general meeting
23 Sep 2025
Director appointed
Kamal Thakurani (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
08 Jan 2025
Director appointed
SATYENDRA SINGH (Additional Director)
29 Sep 2024
Director ceased
AKSHAY DILIP AWACHAR
29 Sep 2023
Director ceased
KASHIF NISAR KHAN
25 May 2023
Director ceased
DHEERAJ KUMAR SRIVASTAV
30 Sep 2019
Director ceased
VIKAS BAMRARA
12 Aug 2019
Director ceased
RAJYA WARDHAN GHEI
22 Feb 2019
Charge created
Others - 365.69 cr
20 Feb 2019
Securities allotted
4425 Equity Shares - 44,250.00 raised
15 Feb 2019
Securities allotted
435 Equity Shares - 4,350.00 raised
10 Jan 2019
Securities allotted
440 Equity Shares - 4,400.00 raised
27 Sep 2018
Director ceased
SUJITHA SURENDRAN
Director ceased
SANJAY NARULA
10

Key Observations

Auto-generated from the data above
Revenue grew 24% over the last 4 financial year(s).
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
2 active director(s) / partner(s); review board churn before relying on management continuity.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 7 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Patanjali Renewable Energy U29292DL2011PTC220749 New Delhi, Delhi, India
Sunkind Strucmax Private Limited U25119HR2021PTC100251 Urban Estate, Haryana, India
Sembcorp U40109HR2008PLC070246 Dlf Qe, Haryana, India
Tata Power Renewable Energy U40106MH2010PLC209615 Mumbai, Maharashtra, India
Padmeshgupta U40100MH2005PTC156213 Nagpur, Maharashtra, India
Adani Solar Energy Jodhpur Two Limited U40106GJ2019PLC110173 Ahmedabad, Gujarat, India
K.T.V. Oil Mills Private Limited U40300TN2012PTC085926 Chennai, Tamil Nadu, India
Western Transco Power Limited U40300GJ2016PLC105283 Ahmedabad, Gujarat, India
12

Who Uses This Report

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

Verify Solitaire Btn Solar Private Limited before audits and certifications: compliance score 72/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Solitaire Btn Solar Private 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: Enhanced diligence advised. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 70/100, margin trends, ownership structure and peer set for Solitaire Btn Solar Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Solitaire Btn Solar Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Solitaire Btn Solar Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Solitaire Btn Solar Private Limited an active company?

Solitaire Btn Solar Private Limited has MCA status “Active” with a compliance score of 72/100 (Moderate).

Is Solitaire Btn Solar Private Limited financially healthy?

Solitaire Btn Solar Private Limited has a Financial Health Score of 30/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Solitaire Btn Solar Private Limited?

Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Solitaire Btn Solar Private Limited?

The ultimate holding entity is Hindustan Cleanenergy Limited. 2 active director(s) are on record.

Does Solitaire Btn Solar Private Limited have loans or charges against its assets?

1 open charge(s) are registered against its assets.

Is Solitaire Btn Solar Private Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 72/100 (Moderate).

Is it risky to lend to Solitaire Btn Solar Private Limited?

Its Credit Risk Score is 25/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.

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.