Modern Solar Profile
Key Indicators
- Authorised Capital ₹ 6.00 M
- Paid Up Capital ₹ 5.00 M
- Company Age 15 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 40.20 Cr
- Revenue Growth -91.26%
- Profit Growth 23.16%
- Ebitda 38.91%
- Net Worth -8.31%
- Total Assets -22.77%
About Modern Solar
Modern Solar Private Limited (MSPL) is a Private Limited Indian Non-Government Company incorporated in India on 25 March 2009 and has a history of 15 years and ten months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Consumer Electronics & Durables Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 6.00 M and a paid-up capital of Rs 5.00 M.
The company has closed loans amounting to ₹40.20 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ripple Doshi, Konal Doshi, Jigar Avalani, and Two other members serve as directors at the Company.
Company Details
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Location
Kolkata, West Bengal, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U29296WB2009PTC134237
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Company No.
134237
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
25 Mar 2009
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Kolkata
Industry
What products or services does Modern Solar Private Limited offer?
Modern Solar Private Limited offers a wide range of products and services, including Solar Pumps, Solar Water Pump, Solar & Renewable Energy Products, Electrical & Electronic Goods Repair, Industrial Appliances Repair & Maintenance, Solar Panels, Solar Module, Solar EPC Service, Street Lights, Solar Street Lights.
Who are the key members and board of directors at Modern Solar?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Divyen Doshi
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Director | 01-Apr-2019 | Current |
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Ripple Doshi
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Director | 25-Mar-2009 | Current |
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Konal Doshi
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Director | 25-Mar-2009 | Current |
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Jigar Avalani
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Director | 25-Mar-2009 | Current |
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Rupen Avalani
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Director | 25-Mar-2009 | Current |
Financial Performance of Modern Solar.
Modern Solar Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 91.26% decrease. The company also saw a substantial improvement in profitability, with a 23.16% increase in profit. The company's net worth dipped by a decrease of 8.31%.
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What is the Ownership and Shareholding Structure of Modern Solar?
In 2023, Modern Solar had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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All India Solar Industries AssociationJigar Avalani is a mutual person
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Avco Power Private LimitedJigar Avalani and Rupen Avalani are mutual person
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Avco Energy Private Limited
Jigar Avalani and Rupen Avalani are mutual person
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Doshi Infracon LlpRipple Doshi is a mutual person
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Modern Gold Arts Pvt Ltd
Ripple Doshi and Konal Doshi are mutual person
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Chokshi Estate Private Limited
Ripple Doshi and Konal Doshi are mutual person
Charges (Loans)
₹0
₹402.00 M
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 22.00 Cr
- State Bank Of India : 14.20 Cr
- Yes Bank Limited : 4.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Jan 2018 | Axis Bank Limited | ₹22.00 Cr | Satisfied |
| 29 Sep 2014 | Yes Bank Limited | ₹4.00 Cr | Satisfied |
| 13 Jul 2010 | State Bank Of India | ₹14.20 Cr | Satisfied |
How Many Employees Work at Modern Solar?
Modern Solar has a workforce of 34 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Modern Solar, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Modern Solar's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
