Promoter holding
64.27%
SE
Sunsource Energy Private Limited - Due diligence report
A 360° intelligence report on Sunsource: trust score, financial health, credit view, compliance, directors, growth and distress signals - ge…
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Sunsource — 360° Intelligence Report
Generated from MCA filings & public records65/100
Trust Score
Moderate
Sunsource is assessed as Moderate with a Trust Score of 65/100. Sunsource is an active private limited indian non-government company incorporated in 2010, operating in the Infrastructure and Utilities sector. Reported revenue has declined 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 moderate financial risk profile.
Report generated on 15 Jul 2026 from the latest processed filings. Sunsource Energy Private Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
65/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
56/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
45/100
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.
Get full accessScores 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: 50/100 Moderate
- Negative operating earnings - debt service depends on external support.
- Open charges exceed net worth - secured lenders rank ahead.
- Moderate gearing (D/E 38%).
- Working-capital cover adequate.
- Externally credit-rated (A).
Charges position: 14 open (696.49 cr) · 20 satisfied (311.04 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 9 | 48.0 cr |
| State Bank Of India | 13 | 48.0 cr |
| The Hongkong And Shanghai Banking Corporation Limited | 7 | 48.0 cr |
| Sbicap Trustee Company Limited | 1 | 48.0 cr |
| Axis Bank Limited | 3 | 48.0 cr |
| Jain Sons Finlease Limited | 1 | 48.0 cr |
Compliance Score: 56/100 Moderate
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: GARG GUL & CO. on 2018-08-25.
- Delayed payments to MSME suppliers disclosed (35 disclosure(s)).
- 10 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| STEVEN LIZY L SELS | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTANU SUBINOY GUHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANTANU SUBINOY GUHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Sunil Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| AJAY KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Patrick Johannes Arnoldus Van Der Voort | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Tarun Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| GEORGINA JESSICA SILVIA DEBENHAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Tarun Kumar | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
7
Capital events
15 allotment(s) · 6 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Ijyarays Energy Private Limited | Subsidiary Company | 74.00% |
| Alpur Solar Private Limited | Subsidiary Company | 74.00% |
| Isharays Energy Private Limited | Subsidiary Company | 74.00% |
| Inarays Energy Private Limited | Subsidiary Company | 74.00% |
| Isharays Energy Four Private Limited | Subsidiary Company | 74.00% |
| Jyotikiran Bijeypur Energy Private Limited | Subsidiary Company | 74.00% |
| Jyotikiran Chandeli Energy Private Limited | Subsidiary Company | 74.00% |
| Jyotikiran Energy Bhilwara Private Limited | Subsidiary Company | 74.00% |
| Jyotikiran Energy Chennai Private Limited | Subsidiary Company | 74.00% |
| Jyotikiran Energy Lucknow Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: SANTANU SUBINOY GUHA (CEO) · SANTANU SUBINOY GUHA (CEO) · Tarun Kumar (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 45 · Distress 60
Growth signals & trust indicators
EPFO headcount growing - hiring signal.
Operating for 16+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Losses deepening year-on-year.
Compliance score is weak (56/100).
14 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 70.15 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence60/100
Review suggested
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 assessment52/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 14 open charge(s) of 696.49 cr already registered.
- Compliance gaps should be priced into terms.
Investor view52/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 1 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events26 Nov 2025
Charge satisfied
Axis Bank Limited
23 Jun 2025
Charge created
Others - 18.71 cr
07 Feb 2025
Director appointed
Tarun Kumar (Cfo)
29 Jan 2025
Charge created
Others - 11.44 cr
Charge created
Others - 101.11 cr
Charge created
Others - 43.24 cr
Charge created
Others - 165.40 cr
Charge created
Others - 70.68 cr
01 Jan 2025
Director appointed
Tarun Kumar (CFO)
13 Nov 2024
Director appointed
Patrick Johannes Arnoldus Van Der Voort (Additional Director)
12 Nov 2024
Director ceased
ABRAHAM ANDREAS GRABER
07 Oct 2024
Last AGM held
Annual general meeting
06 Oct 2024
Director ceased
Rajani
01 May 2024
Director ceased
PRATIK SHAILESH ADHIKARI
31 Mar 2024
Latest balance sheet
Filed with ROC
10
Key Observations
Auto-generated from the data aboveRevenue declined 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
Debt-to-equity stands at 0.86 - manageable leverage.
Net worth is positive.
9 active director(s) / partner(s); board looks stable and experienced.
10 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 15 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Karvy | U93000DL2012PLC242938 | New Delhi, Delhi, India |
| Gigmo Solutions Private Limited | U93090HR2018PTC134020 | Sector -45, Haryana, India |
| Indospace Development Management Private Limited | U74210MH2010PTC207654 | Mumbai, Maharashtra, India |
| Ninestar Motorcycles (Bangalore) Private Limited | U50200KA2012PTC066425 | Bangalore, Karnataka, India |
| Hi-Mak | U29100GJ2011PTC067842 | Vadodara, Gujarat, India |
| Ascendum Kps | U72900GJ2001PTC039192 | Ahmedabad, Gujarat, India |
| Moloobhoys | U93000MH2014PTC252524 | Mumbai, Maharashtra, India |
| Utility Projects & Services | U74999TN2018PTC120379 | Chennai, Tamil Nadu, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Sunsource before audits and certifications: compliance score 56/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Sunsource: 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 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 45/100, margin trends, ownership structure and peer set for Sunsource - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 65/100, distress signals and MSME payment-delay disclosures - know whether Sunsource 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 Sunsource - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Sunsource an active company?
Sunsource has MCA status “Active” with a compliance score of 56/100 (Moderate).
Is Sunsource financially healthy?
Sunsource has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Sunsource?
Its overall Trust Score is 65/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Sunsource?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Sunsource have loans or charges against its assets?
14 open charge(s) are registered against its assets, and 20 earlier charge(s) stand satisfied.
Is Sunsource up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 56/100 (Moderate).
Is it risky to lend to Sunsource?
Its Credit Risk Score is 50/100 (Moderate). 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.
