When was GRIDFREE SOLAR ENERGY LIMITED incorporated?

GRIDFREE SOLAR ENERGY LIMITED was incorporated on Feb 13, 2018. It is registered with the Registrar of Companies, Jaipur, and its current company status is Active.

What is the Corporate Identification Number (CIN) of GRIDFREE SOLAR ENERGY LIMITED?

GRIDFREE SOLAR ENERGY LIMITED's Corporate Identification Number (CIN) is U40108RJ2018PLC060220.

What is the registered address of GRIDFREE SOLAR ENERGY LIMITED?

The registered address of GRIDFREE SOLAR ENERGY LIMITED is Ground Floor- G-198 to 200, RIICO 4th Phase, Bhilwara, Bhilwara, Rajasthan, India, 311001.

What is the latest employee count at GRIDFREE SOLAR ENERGY LIMITED?

As of Aug 31, 2025, the latest employee count at GRIDFREE SOLAR ENERGY LIMITED is 14.

Does GRIDFREE SOLAR ENERGY LIMITED have any loans on it?

GRIDFREE SOLAR ENERGY LIMITED has taken out 9 loans from the financial institutions Au Small Finance Bank Limited, ICICI BANK LIMITED and YES BANK LIMITED, with a total disclosed borrowing of over ₹55.8Cr. The largest loan was ₹30Cr from ICICI BANK LIMITED in Feb 2021, followed by others ranging from ₹19.5L to ₹10Cr between Feb 2021 and Apr 2025.

Who are the authorized signatories of GRIDFREE SOLAR ENERGY LIMITED?

As of Aug 2026, the authorized signatories of GRIDFREE SOLAR ENERGY LIMITED include Chitwan Agarwal, Chaitanya Agarwal and Vatsal Agarwal, and others.

GRIDFREE SOLAR ENERGY LIMITED - 2026 Company Profile & Financials

Name: GRIDFREE SOLAR ENERGY LIMITED
Brand: GRIDFREE SOLAR ENERGY LIMITED
Price: 3.99 USD

GRIDFREE SOLAR ENERGY LIMITED is a Public Limited Company and was incorporated on Feb 13, 2018 in India. It is registered at Registrar of Companies, ROC Jaipur. Its registered address is Ground Floor- G-198 to 200, RIICO 4th Phase, Bhilwara, Bhilwara, Rajasthan, India, 311001. Its corporate identification number is (CIN) U40108RJ2018PLC060220 and its current status is Active. Its industry classification as per MCA is generation Of Electricity From Other Non-Conventional Sources. It had a team size of 14 employees as on Aug 31, 2025.

GRIDFREE SOLAR ENERGY LIMITED's last Annual General Meeting (AGM) was held on Sep 12, 2024 as per records from Ministry of Corporate Affairs (MCA). GRIDFREE SOLAR ENERGY LIMITED's authorised share capital is ₹8Cr and its paid up capital is ₹5.53Cr. The current board of directors of GRIDFREE SOLAR ENERGY LIMITED comprises Chitwan Agarwal, Chaitanya Agarwal and 1 more.

GRIDFREE SOLAR ENERGY LIMITED generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025.

Key Metrics

CIN

U40108RJ2018PLC060220

Location

India

Current Status

Active

Entity Type

Public Limited Company

Date Of Incorporation

Feb 13, 2018

Company Age

8 Years 6 Months

Registrar of Companies

ROC - Jaipur

Last AGM Date

Sep 12, 2024

Latest Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Latest Employee Count

14 as on Aug 31, 2025

Authorized Capital

₹8Cr

Paid Up Capital

₹5.53Cr

Email: *****@yahoo.com, *****@gmail.com
Registered Address: Ground Floor- G-198 to 200, RIICO 4th Phase, Bhilwara, Bhilwara, Rajasthan, India, 311001

There is one brand associated with GRIDFREE SOLAR ENERGY LIMITED which include Gridfree Solar Energy .

Name	Short Description	Founded Year	Location	Current Stage
Gridfree Solar Energy	Provides end-to-end solutions for rooftop solar solutions and distributes solar modules	2018	India	Unfunded

View more details on GRIDFREE SOLAR ENERGY LIMITED's profile

The majority of GRIDFREE SOLAR ENERGY LIMITED's turnover comes from Trade.

Main Activity Group Code	Description of Main Activity	Business Activity Code	Description of Business Activity	Turnover Percentage
G	Trade	G2	Retail Trading	mew

GRIDFREE SOLAR ENERGY LIMITED generated between ₹100 Cr and ₹500 Cr in revenue for the financial year ending on Mar 31, 2025. The revenue of GRIDFREE SOLAR ENERGY LIMITED has a compounded annual growth rate (CAGR) of -31% in the last 1 year.

Financial Statement Summary

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income Statement
Revenue	6916	1596	3040	9756	4484
EBITDA	4790	7326	9433	6315	1484
Balance Sheet
Assets	1916	5472	3483	7341	2133
Liabilities	5585	5541	2961	7177	2222
Equities	1257	6103	9184	2186	7962
Cashflow Statement
Cash from Operating activities	5569	7553	9907	5616	2347
Cash from Investing activities	7860	6130	7777	7753	3446
Net cash from Financing activities	3120	6193	4702	6740	9667

To access detailed financial performance and data, Buy Financial Report FY 25 Available15 mins

Ratios

Metrics	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Profitability Ratios
EBITDA Margin	4842	7426	6479	4226	2789
Efficiency Ratios
Asset Turnover	5776	9731	6722	9121	2408
Liquidity Ratios
Current Ratio	9598	7298	9924	2065	2272
Quick Ratio	3387	5001	1864	8638	1232
Growth Ratios
Revenue Growth Rate (CAGR)	2424	4185	4351	5057	6839

To access detailed financial performance and data, Buy Financial Report FY 25 Available15 mins

Detailed Financials (Income Statement, Balance Sheet, Cashflow Statement)

Compounded Annual Growth Rate of GRIDFREE SOLAR ENERGY LIMITED

Revenue CAGR	Growth
1 Year	-31%
3 Year	830
5 Year	751

EBITDA CAGR	Growth
1 Year	-50%
3 Year	828
5 Year	641

Disclaimer

GRIDFREE SOLAR ENERGY LIMITED has taken 9 loans.

Here is a list of loans and charges on GRIDFREE SOLAR ENERGY LIMITED:

As a Borrower

Loan/ Charge ID	Lender Name	Loan Amount	Status	Creation Date	Closure Date
101108271	Au Small Finance Bank Limited	₹2.84Cr	ditshdz	Apr 21, 2025	oaviopb
101073078	Au Small Finance Bank Limited	₹3.5Cr	pryytml	Mar 19, 2025	lfrckst
101000884	Au Small Finance Bank Limited	₹3.43Cr	enol{tg	Oct 24, 2024	ikhdqbw
100780149	ICICI BANK LIMITED	₹3Cr	gmb{dhm	Sep 20, 2023	yrv{le{
100763636	YES BANK LIMITED	₹10Cr	evj{fdo	Jul 11, 2023	ssyhliu
100752557	HDFC BANK LIMITED	₹34.8L	ihyqwde	May 25, 2023	exznbtn
100591436	Au Small Finance Bank Limited	₹2.5Cr	evpkgaa	May 20, 2022	aqmyffq
100558558	HDFC BANK LIMITED	₹19.5L	kkjh{{z	Mar 21, 2022	pi{xllh
100443498	ICICI BANK LIMITED	₹30Cr	sn{h{bw	Feb 27, 2021	de{ramn

To access detailed information on a company’s loans, borrowings, & registered charges, Buy Detailed Report

Board of Directors of GRIDFREE SOLAR ENERGY LIMITED

Here is the list of current board of directors of GRIDFREE SOLAR ENERGY LIMITED:

Name	Designation	Status	Appointment Date	Duration
Chitwan Agarwal	Whole-time Director	Current	Jun 01, 2019	7 Years 2 Months
Chaitanya Agarwal	Director	Current	Nov 24, 2020	5 Years 9 Months
Vatsal Agarwal	Director	Current	May 09, 2025	1 Year 3 Months

To access detailed information on a company’s board members, directors, & authorized signatories, Buy Detailed Report

Signatories of GRIDFREE SOLAR ENERGY LIMITED

Here is the list of current signatories of GRIDFREE SOLAR ENERGY LIMITED:

Name	Designation(s)	Status	Appointment Date	Duration
Chitwan Agarwal	Whole-time Director	Current	Jun 01, 2019	7 Years 2 Months
Chaitanya Agarwal	Director	Current	Nov 24, 2020	5 Years 9 Months
Vatsal Agarwal	Director	Current	May 09, 2025	1 Year 3 Months

To access detailed information on a company’s board members, directors, & authorized signatories, Buy Detailed Report

GRIDFREE SOLAR ENERGY LIMITED has an employee count of 14 as on Aug 31, 2025.

Employee count trend for GRIDFREE SOLAR ENERGY LIMITED

Date	Employee Count
Aug 25	14
Jul 25	140
Jun 25	809
May 25	813
Apr 25	827
Mar 25	697
Feb 25	666

Gridfree Solar Energy is the only brand associated with GRIDFREE SOLAR ENERGY LIMITED, and here are its Top 10 competitors ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Fourth Partner Energy 2010, Hyderabad (India), Series D	Provider of commercial solar installations and hybrid energy solutions	$564M	Modulus Alternatives, FMO & 38 others	66/100
2nd	SolarSquare 2015, Mumbai (India), Series B	Solar solutions provider that designs, supplies, and installs residential and commercial solar power systems	$61.1M	Wynton Holdings, Z-axis Management Consultants and Strategic Advisors ... & 48 others	66/100
3rd	Oorjan 2014, Mumbai (India), Seed	Solar project financing and development	$655K	Globevestor, Hercules Pigments & 21 others	62/100
4th	Amplus Solar 2008, Gurugram (India), Acquired	Provider of solar installation services	$157M	Brightbridge Advisors, UltraTech Cement ... & 5 others	56/100
5th	ZunRoof 2016, Gurugram (India), Series A	Provider of solar panel installation and O&M services	$18M	Logx Venture Partners, Groundupp Ventures ... & 36 others	54/100
6th	U-Solar Clean Energy 2010, Bengaluru (India), Series A	Provider of solar power solutions for industrial, commercial, and residential sector	$507K	Rvg Partners, BlueOrchard & 3 others	53/100
7th	Stockwell Solar Services 2017, Jaipur (India), Unfunded	Provider of end-to-end solar solutions, including financing and maintenance	-	-	48/100
8th	ADM 2017, Delhi (India), Unfunded	Manufacturer of solar panel and installation services	-	-	46/100
9th	Progen Renewables 2008, Coimbatore (India), Seed	Provider of solar energy services and products	$2.47M	Sauraventerprises, Unitech Group & 2 others	46/100
10th	GH2 Solar 2013, Noida (India), Series A	Green hydrogen production and solar energy solutions	$6.5M	GrowMo360, AARTH AIF & 2 others	46/100
85th	Gridfree Solar Energy 2018, Bhilwara (India), Unfunded	Provides end-to-end solutions for rooftop solar solutions and distributes solar modules	-	-	27/100