Tp Solar Limited - Due diligence report

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

2022-06-29 Mumbai, Maharashtra Active Unlisted
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Tp Solar Limited — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Tp Solar Limited is assessed as Low Risk with a Trust Score of 80/100. Tp Solar Limited is an active public limited indian non-government company incorporated in 2022, operating in the Energy and Power sector. 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 26 Sep 2026 from the latest processed filings. Tp Solar 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
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreLow Risk
85/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
45/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
80/100
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: 45/100 Caution Indicated
  • Open charges exceed net worth - secured lenders rank ahead.
  • Elevated gearing (D/E 38%).
  • Profitable - internal accruals available.

Charges position: 1 open (2,100.00 cr) · 0 satisfied (-).

Banking relationships (from registered charges)
LenderChargesAmount
Others1 48.0 cr
Compliance Score: 85/100 Low Risk
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 1 court forum(s).
  • Delayed payments to MSME suppliers disclosed (4 disclosure(s)).
  • 1 active GST registration(s).
Legal cases on record (1)
05

Director Intelligence

Stability score: 75/100
NameDIN / PANDesignationAppointedTenureDIN status
SANJAY KUMAR BANGA 01234567 Director 01/04/2018 6 yrs Approved
AMRITA SINGH 01234567 Director 01/04/2018 6 yrs Approved
SANJEEV CHURIWALA 01234567 Director 01/04/2018 6 yrs Approved
NISHI VASUDEVA 01234567 Director 01/04/2018 6 yrs Approved
MAHESH DINKAR PARANJPE 01234567 Director 01/04/2018 6 yrs Approved
Balaji Parthasarathy 01234567 Director 01/04/2018 6 yrs Approved
Rajendiran Obulirajan 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • 4 director exits in 3 years - high churn.
06

Ownership & Group Intelligence

As per FY 2025 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
Tata Power Renewable Energy Limited
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 3 transfer(s)

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

Group entityRelationship% held
Tata Power Renewable Energy Limited Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 80 · Distress 90
Growth signals & trust indicators
Latest year revenue grew 1.42.
Profit expanded 2.1x year-on-year.
Net margin improved to 24%.
EPFO headcount growing - hiring signal.
Young company (4 years).
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 28.94 Lakh.
1 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence85/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Statutory record is clean.
  • No distress signals on file.
  • 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.
  • 1 open charge(s) of 2,100.00 cr already registered.
  • Compliance record supports lending.
Investor view78/100
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
07 Nov 2025
Director appointed
Rajendiran Obulirajan (Cfo)
11 Aug 2025
Last AGM held
Annual general meeting
10 Aug 2025
Director ceased
SANJAY KUMAR BANGA
Director ceased
NISHI VASUDEVA
15 Jul 2025
Director appointed
NISHI VASUDEVA (Director)
27 May 2025
Director appointed
SANJAY KUMAR BANGA (Director)
31 Mar 2025
Latest balance sheet
Filed with ROC
23 Sep 2024
Director appointed
Balaji Parthasarathy (Ceo)
26 Jul 2024
Director ceased
DEEPESH KIRANCHANDRA NANDA
25 Jul 2024
Charge created
Others - 2,100.00 cr
13 Feb 2024
Director appointed
AMRITA SINGH (Company Secretary)
05 Dec 2023
Director ceased
ASHISH KHANNA
31 Mar 2023
Share transfer (FY 2023)
1.00000000 shares to Kailash Pati Mali
Share transfer (FY 2023)
1.00000000 shares to Mona Purandare
Share transfer (FY 2023)
1.00000000 shares to Kasturi Soundararajan
10

Key Observations

Auto-generated from the data above
Debt-to-equity stands at 0.86 - leverage worth monitoring.
Net worth is positive.
Compliance record is strong - status, filings and flags are clean.
7 active director(s) / partner(s); board looks stable and experienced.
1 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2025 annual return.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
O2 Power U40106DL2019PTC357623 New Delhi, Delhi, India
Lancogroup U40109GJ2001PLC162740 Daskroi, Gujarat, India
Adani Transmission Step-Six Limited U40106GJ2023PLC138423 Ahmedabad, Gujarat, India
Mhipl U26942TG1984PTC004951 Hyderabad, Telangana, India
Adani Green Energy Six Limited U40107GJ2019PLC107662 Ahmedabad, Gujarat, India
Mahan Energen Limited U40100GJ2005PLC147690 Gandhinagar, Gujarat, India
Ppgcl U40101UP2007PLC032835 Noida, Uttar Pradesh, India
Larsen & Toubro U31401DL2006PTC396235 New Delhi, Delhi, India
12

Who Uses This Report

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

Verify Tp Solar Limited before audits and certifications: compliance score 85/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Tp Solar 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 45/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 80/100, margin trends, ownership structure and peer set for Tp Solar Limited - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Tp Solar Limited pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (1 case(s) on record), regulatory flags, charge documents trail and director networks for Tp Solar Limited - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Tp Solar Limited an active company?

Tp Solar Limited has MCA status “Active” with a compliance score of 85/100 (Low Risk).

Is Tp Solar Limited financially healthy?

Tp Solar Limited has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Tp Solar Limited?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Tp Solar Limited?

The ultimate holding entity is Tata Power Renewable Energy Limited. 7 active director(s) are on record.

Does Tp Solar Limited have loans or charges against its assets?

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

Is Tp Solar Limited up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 85/100 (Low Risk).

Is it risky to lend to Tp Solar Limited?

Its Credit Risk Score is 45/100 (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.