Torrent Solargen Profile
Key Indicators
- Authorised Capital ₹ 200.00 Cr
- Paid Up Capital ₹ 80.05 Cr
- Company Age 16 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 550.00 Cr
- Satisfied Charges ₹ 700.05 Cr
- Revenue Growth -14.57%
- Profit Growth -114.10%
- Ebitda -13.23%
- Net Worth -26.84%
- Total Assets 63.46%
About Torrent Solargen
Torrent Solargen Limited (TSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 September 2008 and has a history of 16 years and five months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Torrent Power Bhiwandi 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 2023. It's a company limited by shares with an authorized capital of Rs 200.00 Cr and a paid-up capital of Rs 80.05 Cr.
The company currently has active open charges totaling ₹550.00 Cr. The company has closed loans amounting to ₹700.05 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Torrent Solargen Limited India are Shimoni Shah as Ceo, Reeya Mundra as Cfo, and Rujavi Chalishajar as Company Secretary. Nisarg Shah, Lachman Lalwani, and Pradip Mehta serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U40102GJ2008PLC055000
- Company No.
055000
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
09 Sep 2008
- Date of AGM
04 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Environment
Who are the key members and board of directors at Torrent Solargen?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shimoni Shah | CEO | 25-Jan-2022 | Current |
| Reeya Mundra | CFO | 27-Jan-2023 | Current |
Rujavi Chalishajar  | Company Secretary | 23-May-2023 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Nisarg Shah | Director | 15-Sep-2022 | Current |
| Lachman Lalwani | Director | 27-Jul-2020 | Current |
| Pradip Mehta | Director | 31-Mar-2014 | Current |
Financial Performance of Torrent Solargen.
Torrent Solargen Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 14.57% decrease. The company also saw a substantial fall in profitability, with a 114.1% decrease in profit. The company's net worth observed a substantial decline by a decrease of 26.84%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Torrent Solargen?
In 2023, Torrent Solargen 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)
Sunshakti Solar Power Projects Private LimitedNisarg Shah is a mutual person
Surya Vidyut LimitedNisarg Shah is a mutual person
Torrent Urja 7 Private LimitedPradip Mehta is a mutual person
- Torrent Saurya Urja 2 Private Limited
Nisarg Shah and Lachman Lalwani are mutual person
- Torrent Solar Power Private Limited
Nisarg Shah is a mutual person
- Torrent Pipavav Generation Limited
Pradip Mehta is a mutual person
Charges (Loans)
Open Charges
₹550.00 Cr
Satisfied Charges
₹700.05 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 550.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 May 2022 | Idbi Trusteeship Services Limited | ₹550.00 Cr | Open |
| 30 Nov 2021 | Others | ₹0.45 M | Satisfied |
| 17 Sep 2021 | Standard Chartered Bank | ₹700.00 Cr | Satisfied |
How Many Employees Work at Torrent Solargen?
Unlock and access historical data on people associated with Torrent Solargen, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Torrent Solargen, 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 Torrent Solargen'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 Torrent Solargen
Recent activity within the organization
- Charges
A charge registered on 17 Sep 2021 via Charge ID 100483195 with Standard Chartered Bank was fully satisfied on 28 Mar 2024.
- Annual General Meeting
Torrent Solargen Limited last Annual general meeting of members was held on 04 Aug 2023 as per latest MCA records.
- Director Appointment
Rujavi Pranavbhai Chalishajar was appointed as a Company Secretary was appointed as a Company Secretary on 23 May 2023 & has been associated with this company since 1 year 9 months .
- Balance Sheet
Torrent Solargen Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ahmedabad.
- Director Appointment
Reeya Udaykant Mundra was appointed as a Cfo was appointed as a Cfo on 27 Jan 2023 & has been associated with this company since 2 years 1 month .
- Charges
A charge registered on 30 Nov 2021 via Charge ID 100509760 with Others was fully satisfied on 15 Nov 2022.
Recent News, Updates & Announcement
- Torrent Power Bags 306 MW Solar Project Worth ₹1,540 Cr.
The project will be commissioned within 18 months at an estimated cost of Rs 1,540 crore..
- Torrent Power raises Rs 700 cr via NCDs.
Torrent Power on Wednesday said it has raised Rs 700 crore through Non-Convertible Debentures (NCDs) issued on a private placement basis. The NCDs are proposed....
- Torrent Power raises Rs 750 cr via non-convertible debentures.
Torrent Power has raised Rs 750 crore through the issuance of non-convertible debentures on a private placement basis. Company has issued and allotted Series ....
Frequently asked questions
What is the Incorporation or founding date of Torrent Solargen Limited?
Torrent Solargen Limited was incorporated on 09 Sep 2008.
What is authorized share capital and paid-up capital of Torrent Solargen Limited?
The authorized share capital of Torrent Solargen Limited is ₹ 200.00 Cr and paid-up capital is ₹ 80.05 Cr.
Who are the current board members & directors of Torrent Solargen Limited?
Currently 6 directors are associated with Torrent Solargen Limited.
- Shimoni Viditbhai Shah
- Reeya Udaykant Mundra
- Rujavi Pranavbhai Chalishajar
- Nisarg Bimal Shah
- Lachman Nandiram Lalwani
- Pradip Jayantilal Mehta
What is the registered address of Torrent Solargen Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Torrent Solargen Limited is ''Samanvay'' 600 Tapovan Ambawadi, Ahmedabad, Gujarat, India, 380015.
What is the corporate identification number (CIN) and company number of Torrent Solargen Limited?
The corporate identification number (CIN) of Torrent Solargen Limited is U40102GJ2008PLC055000 and the company number is 055000 as per Ministry of Corporate Affairs (MCA).
What is the official website of Torrent Solargen Limited?
The Official website of Torrent Solargen Limited is https://www.torrentpower.com
What has been the recent revenue trend for Torrent Solargen Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Torrent Solargen Limited has fallen by -14.57%.
What change has been observed in the net worth of Torrent Solargen Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Torrent Solargen Limited has experienced an downturn of -26.84%.
What are the total open charges for Torrent Solargen Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Torrent Solargen Limited amount to ₹ 550.00 Cr.
When was the last Balance Sheet of Torrent Solargen Limited filed with the ROC?
The most recent Balance Sheet for Torrent Solargen Limited was filed with the ROC on 31 Mar 2023.
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