Poly Solar Parks Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 3.91 M
- Company Age 11 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 627.60 Cr
- Satisfied Charges ₹ 964.00 Cr
- Revenue Growth -9.70%
- Profit Growth -335.98%
- Ebitda -13.70%
- Net Worth -1.81%
- Total Assets 0.94%
About Poly Solar Parks
Poly Solar Parks Private Limited (PSPPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 14 October 2013 and has a history of 11 years and five months. Its registered office is in Hyderabad, Telangana, India.
The Company is engaged in the Energy And Power 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 5.00 M and a paid-up capital of Rs 3.91 M.
The company currently has active open charges totaling ₹627.60 Cr. The company has closed loans amounting to ₹964.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Nidasanametla Seshagiri and Srinivas Popuri serve as directors at the Company.
Company Details
- Location
Hyderabad, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40105TG2013PTC090536
- Company No.
090536
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
14 Oct 2013
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Energy and Power
Who are the key members and board of directors at Poly Solar Parks?
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nidasanametla Seshagiri  | Director | 27-Oct-2016 | Current |
| Srinivas Popuri | Director | 06-Dec-2019 | Current |
Financial Performance of Poly Solar Parks.
Poly Solar Parks Private Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 9.7% decrease. The company also saw a substantial fall in profitability, with a 335.98% decrease in profit. The company's net worth dipped by a decrease of 1.81%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Poly Solar Parks?
In 2021, Poly Solar Parks 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)
Sei Bheem Private LimitedNidasanametla Seshagiri and Srinivas Popuri are mutual person
Sei Aditi Power Private LimitedNidasanametla Seshagiri and Srinivas Popuri are mutual person
Jed Solar Parks Private LimitedNidasanametla Seshagiri and Srinivas Popuri are mutual person
Sei Sooraj Renewable Energy Private LimitedNidasanametla Seshagiri is a mutual person
Greenko Solar Power (Medak) LimitedSrinivas Popuri is a mutual person
Sei Jyotiswaroop Power Private LimitedNidasanametla Seshagiri is a mutual person
Charges (Loans)
Open Charges
₹6,276.00 M
Satisfied Charges
₹9,640.00 M
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 627.60 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jun 2021 | Idbi Trusteeship Services Limited | ₹500.00 Cr | Open |
| 25 Oct 2017 | Idbi Trusteeship Services Limited | ₹127.60 Cr | Open |
| 26 Jun 2020 | Others | ₹275.00 Cr | Satisfied |
| 22 Jul 2019 | Others | ₹275.00 Cr | Satisfied |
| 21 Jun 2016 | Others | ₹266.00 Cr | Satisfied |
How Many Employees Work at Poly Solar Parks?
Poly Solar Parks has a workforce of 18 employees as of Apr 01, 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 Poly Solar Parks, 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 Poly Solar Parks'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 Poly Solar Parks
Recent activity within the organization
- Annual General Meeting
Poly Solar Parks Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
- Balance Sheet
Poly Solar Parks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 5,000.00 M registered on 25 Jun 2021 with Charge ID 100457327 was modified on 23 Feb 2022.
- Charges
A charge registered on 26 Jun 2020 via Charge ID 100356071 with Others was fully satisfied on 06 Aug 2021.
- Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 5,000.00 M with Charge ID 100457327 was registered on 25 Jun 2021.
- Charges
A charge with Idbi Trusteeship Services Limited of Rs. 1,276.00 M registered on 25 Oct 2017 with Charge ID 100139998 was modified on 24 Jun 2021.
Recent News, Updates & Announcement
- Indian Solar Assets Worth $700 Million Up for Grabs as Top Companies Compete for Acquisition.
When SunEdison went bankrupt, Hinduja Group, Khazanah Nasional Bhd., Tata Power Co., Greenko Energies Pvt., and Sembcorp Industries Ltd. all wanted to buy their Indian solar assets. The assets could be worth $700 million, but no one has been chosen yet. Hinduja Group, with a net worth of $14.4 billion, is interested in buying distressed assets in India's infrastructure and power sectors. Tata Power and Greenko are also interested..
- SunEdison in talks to sell India solar stakes to Fortum: report | Mint.
Fortum plans to invest $225 mn to $450 mn in solar projects in India and would look at developing large new projects or consider partnerships.
Frequently asked questions
What is the Incorporation or founding date of Poly Solar Parks Private Limited?
Poly Solar Parks Private Limited was incorporated on 14 Oct 2013.
What is authorized share capital and paid-up capital of Poly Solar Parks Private Limited?
The authorized share capital of Poly Solar Parks Private Limited is ₹ 5.00 M and paid-up capital is ₹ 3.91 M.
Who are the current board members & directors of Poly Solar Parks Private Limited?
Currently 2 directors are associated with Poly Solar Parks Private Limited.
- Nidasanametla Rao Seshagiri
- Srinivas Popuri
What is the registered address of Poly Solar Parks Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Poly Solar Parks Private Limited is Plot No. 13 Sy.No.64 Part Block-D First Floor Hitech City Layout, Madhapur Village India, Hyderabad, Telangana, 500081.
What is the corporate identification number (CIN) and company number of Poly Solar Parks Private Limited?
The corporate identification number (CIN) of Poly Solar Parks Private Limited is U40105TG2013PTC090536 and the company number is 090536 as per Ministry of Corporate Affairs (MCA).
What is the official website of Poly Solar Parks Private Limited?
The Official website of Poly Solar Parks Private Limited is https://www.sunedison.com
What has been the recent revenue trend for Poly Solar Parks Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Poly Solar Parks Private Limited has fallen by -9.70%.
How many employees does Poly Solar Parks Private Limited currently have?
As Per 2022 financial reports, 18 employees are currently employed by Poly Solar Parks Private Limited.
What change has been observed in the net worth of Poly Solar Parks Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Poly Solar Parks Private Limited has experienced an downturn of -1.81%.
What are the total open charges for Poly Solar Parks Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Poly Solar Parks Private Limited amount to ₹ 627.60 Cr.
When was the last Balance Sheet of Poly Solar Parks Private Limited filed with the ROC?
The most recent Balance Sheet for Poly Solar Parks Private Limited was filed with the ROC on 31 Mar 2024.
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