Sunspring Solar Private Limited - Due diligence report

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

2019-05-20 Mumbai, Maharashtra Active Unlisted
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Sunspring Solar Private Limited — 360° Intelligence Report

Generated from MCA filings & public records
86/100
Trust Score
Low Risk

Sunspring Solar Private Limited is assessed as Low Risk with a Trust Score of 86/100. Sunspring Solar Private Limited is an active private limited indian non-government company incorporated in 2019, operating in the Environment 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 low compliance risk and low financial risk profile.

Report generated on 10 Aug 2026 from the latest processed filings. Sunspring Solar Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
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 ScoreLow Risk
86/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
88/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
85/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 4 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: 40/100 Caution Indicated
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Profitable - internal accruals available.

Charges position: 1 open (12.11 cr) · 1 satisfied (9.69 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Sbicap Trustee Company Limited1 48.0 cr
Compliance Score: 88/100 Low Risk
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • 1 active GST registration(s).
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
SUDIPTA SAHA 01234567 Director 01/04/2018 6 yrs Approved
Ajay Gajanan Desai 01234567 Director 01/04/2018 6 yrs Approved
Pratik Yashavantrao Shitole 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 2 director exit(s) in the last 3 years.
06

Ownership & Group Intelligence

As per FY 2021 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
Cleantech India Oa Pte. Ltd.
Subsidiaries
-
Group entities
-
Capital events
1 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Cleantech India Oa Pte. Ltd. Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 3 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 7 years.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence88/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 1 open charge(s) of 12.11 cr already registered.
  • Compliance record supports lending.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
02 Mar 2026
Director appointed
Pratik Yashavantrao Shitole (Additional Director)
17 Sep 2025
Director appointed
Ajay Gajanan Desai (Additional Director)
30 Jun 2025
Charge satisfied
Sbicap Trustee Company Limited
24 Jun 2025
Last AGM held
Annual general meeting
18 Mar 2025
Charge created
Others - 12.11 cr
09 Sep 2024
Director ceased
Ankur Sinha
31 Mar 2024
Latest balance sheet
Filed with ROC
23 Jan 2024
Director ceased
CHINMAY KISHOR SAWANT
30 Sep 2022
Director ceased
HARSHAL HEMANT KALAMKAR
Director ceased
PHEROZE JEHANBUX CHICHGAR
16 Aug 2022
Director ceased
TARAL CHANDRAKANT AJMERA
04 Dec 2021
Director ceased
RUPESH SURESH BAKER
23 Aug 2021
Director ceased
PRASHANT GAONKAR MURALIDHAR
23 Feb 2021
Charge created
Sbicap Trustee Company Limited - 9.69 cr
29 Sep 2020
Director ceased
SUDIPTA SAHA
10

Key Observations

Auto-generated from the data above
Revenue grew 61% over the last 3 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
3 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
Promoters hold a majority stake as per the FY 2021 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
Ind Power Limited U40108CT2004PLC016841 Raigarh, Chattisgarh, India
Swati Profiles Pvt Ltd U40106MH1986PTC040792 Pune, Maharashtra, India
K J Solar Systems Private Limited U29307TN2014PTC113480 Chennai, Tamil Nadu, India
Pasithea Infrastructure Limited U70101HR2011PLC119132 Dlf Qe, Haryana, India
Sparkman Solar Energy Private Limited U40108TG2015PTC097429 Siddipet, Telangana, India
Punjlloydgroup U45400DL2007PLC161684 New Delhi, Delhi, India
Vma Wind Energy India Private Limited U40100TZ2015PTC021504 Erode, Tamil Nadu, India
Kms Solar Private Limited U40100DL2008PTC184282 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Sunspring Solar Private Limited before audits and certifications: compliance score 88/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Sunspring 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: Mixed indicators - deeper appraisal suggested. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Sunspring Solar Private Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 86/100, distress signals and MSME payment-delay disclosures - know whether Sunspring Solar Private Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Sunspring Solar Private Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Sunspring Solar Private Limited an active company?

Sunspring Solar Private Limited has MCA status “Active” with a compliance score of 88/100 (Low Risk).

Is Sunspring Solar Private Limited financially healthy?

Sunspring Solar Private Limited has a Financial Health Score of 85/100 (Low Risk) based on its filed financial statements.

Should I do business with Sunspring Solar Private Limited?

Its overall Trust Score is 86/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Sunspring Solar Private Limited?

The ultimate holding entity is Cleantech India Oa Pte. Ltd.. 3 active director(s) are on record.

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

1 open charge(s) are registered against its assets, and 1 earlier charge(s) stand satisfied.

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

Balance sheet slightly behind (Mar 2024). Overall compliance score: 88/100 (Low Risk).

Is it risky to lend to Sunspring Solar Private Limited?

Its Credit Risk Score is 40/100 (Caution Indicated). 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.