Palace Solar Energy Private Limited
Renewable energy company with 15MW solar power plant in Gujarat, established in 2007.
2007 | Mumbai, Maharashtra (India) | Active
Palace Solar Energy Profile
Key Indicators
- Authorised Capital ₹ 13.05 Cr
- Paid Up Capital ₹ 13.05 Cr
- Company Age 17 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 150.00 Cr
- Revenue Growth -3.53%
- Profit Growth -2.97%
- Ebitda -6.35%
- Net Worth 18.88%
- Total Assets 16.19%
About Palace Solar Energy
Palace Solar Energy Private Limited (PSEPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 23 October 2007 and has a history of 17 years and four months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Inspira Solar Energy Private Limited. The Company is engaged in the Environment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 13.05 Cr and a paid-up capital of Rs 13.05 Cr.
The company has closed loans amounting to ₹150.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Palace Solar Energy Private Limited India are Mysha Chellaramani as COMPANY SECRETARY and Surjo Sinha as Cfo. Subhash Bhargava, Amitabh Verma, Sanjay Patra, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40102MH2007PTC175289
- Company No.
175289
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
23 Oct 2007
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Environment
Who are the key members and board of directors at Palace Solar Energy?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mysha Chellaramani  | Company Secretary | 20-Dec-2019 | Current |
| Surjo Sinha | CFO | 19-Dec-2017 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Subhash Bhargava | Director | 24-Sep-2020 | Current |
| Sanjay Patra | Director | 11-Nov-2021 | Current |
| Amitabh Verma | Director | 26-Mar-2021 | Current |
| Piyush Maheshwari | Director | 05-Feb-2024 | Current |
Financial Performance of Palace Solar Energy.
Palace Solar Energy Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 3.53% decrease. The company also saw a slight decrease in profitability, with a 2.97% decrease in profit. The company's net worth Soared by an impressive increase of 18.88%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Palace Solar Energy?
In 2020, Palace Solar Energy had a promoter holding of 74.00% and a public holding of 26.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Aditya Birla Sun Life Pension Fund Management LimitedSubhash Bhargava is a mutual person
Aditya Birla Renewables Subsidiary LimitedSubhash Bhargava, Sanjay Patra and 1 more are mutual person
Aditya Birla Renewables Spv 1 LimitedSanjay Patra and Piyush Maheshwari are mutual person
Aditya Birla Renewables Utkal LimitedAmitabh Verma and Piyush Maheshwari are mutual person
Aditya Birla Renewables Solar LimitedSubhash Bhargava and Piyush Maheshwari are mutual person
Aditya Birla Renewables Energy LimitedSubhash Bhargava and Piyush Maheshwari are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹150.00 Cr
Charges Breakdown by Lending Institutions
- Axis Trustee Services Limited : 150.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 May 2013 | Axis Trustee Services Limited | ₹150.00 Cr | Satisfied |
How Many Employees Work at Palace Solar Energy?
Palace Solar Energy has a workforce of 18 employees as of Apr 06, 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 Palace Solar Energy, 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 Palace Solar Energy'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.
Latest Updates, News, and FAQs on Palace Solar Energy
Recent activity within the organization
- Annual General Meeting
Palace Solar Energy Private Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
- Balance Sheet
Palace Solar Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Piyush Maheshwari was appointed as a Director was appointed as a Director on 05 Feb 2024 & has been associated with this company since 1 year 1 month .
- Director Appointment
Sanjay Kumar Patra was appointed as a Director was appointed as a Director on 11 Nov 2021 & has been associated with this company since 3 years 3 months .
- Director Appointment
Amitabh Verma was appointed as a Director was appointed as a Director on 26 Mar 2021 & has been associated with this company since 3 years 11 months .
- Charges
A charge registered on 07 May 2013 via Charge ID 10426795 with Axis Trustee Services Limited was fully satisfied on 03 Mar 2021.
Frequently asked questions
What is the Incorporation or founding date of Palace Solar Energy Private Limited?
Palace Solar Energy Private Limited was incorporated on 23 Oct 2007.
What is authorized share capital and paid-up capital of Palace Solar Energy Private Limited?
The authorized share capital of Palace Solar Energy Private Limited is ₹ 13.05 Cr and paid-up capital is ₹ 13.05 Cr.
Who are the current board members & directors of Palace Solar Energy Private Limited?
Currently 6 directors are associated with Palace Solar Energy Private Limited.
- Subhash Chandra Bhargava
- Amitabh Verma
- Sanjay Kumar Patra
- Piyush Maheshwari
- Mysha Amit Chellaramani
- Surjo Sinha
What is the registered address of Palace Solar Energy Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Palace Solar Energy Private Limited is A-1 Aditya Birla Centre S.K. Ahire Marg, Worli India, Mumbai, Maharashtra, 400030.
What is the corporate identification number (CIN) and company number of Palace Solar Energy Private Limited?
The corporate identification number (CIN) of Palace Solar Energy Private Limited is U40102MH2007PTC175289 and the company number is 175289 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Palace Solar Energy Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Palace Solar Energy Private Limited has fallen by -3.53%.
How many employees does Palace Solar Energy Private Limited currently have?
As Per 2022 financial reports, 18 employees are currently employed by Palace Solar Energy Private Limited.
What change has been observed in the net worth of Palace Solar Energy Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Palace Solar Energy Private Limited has experienced an upsurge of 18.88%.
When was the last Balance Sheet of Palace Solar Energy Private Limited filed with the ROC?
The most recent Balance Sheet for Palace Solar Energy Private Limited was filed with the ROC on 31 Mar 2024.
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