Navitas Green Solutions Pvt Ltd.
- Unlisted share
- Energy & Power
- ISIN INE0O5901019
At a glance
Sales
FY24
₹289 Cr
+43.8%on FY23What the company earned from its customers in the year.
Loss for the year
FY24
₹-0.61 Cr
The company spent more than it earned in the year.
Net worth
FY24
₹62.72 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Navitas Green Solutions Pvt Ltd.
- ISIN
- INE0O5901019
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Navitas Green Solutions Pvt Ltd.
Navitas Green Solutions, which trades as Navitas Solar, makes solar photovoltaic modules and builds solar power plants for customers. It started in Surat in 2013 and has grown from a 220 MW plant there to a much larger factory in Bharuch district run through its subsidiary Navitas Solar Private Limited; the group now states 3 GW of annual module capacity and has announced plans to make solar cells as well. It is owned and run by its founders, Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania and Saurabh Aggarwal, and their families.
Written from: infomerics.com, crisil.com, navitassolar.com, navitassolar.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE0O5901019
- Year of incorporation
- 2013
- Parent / promoter
- Founders Vineet Mittal, Sunay Shah, Ankit Singhania, Aditya Singhania and Saurabh Aggarwal, and their family members
- CRISIL Ratings rationale, 6 September 2022
- Key people
- Directors: Vineet Mittal (Finance & Strategy), Ankit Singhania (Sales), Aditya Singhania (Engineering), Sunay Shah (Projects)
- Navitas Solar website, team page
- Website
- navitassolar.com
Read from: Infomerics Ratings press release, 29 January 2025, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
-0.2%
For every ₹100 of sales, the company lost ₹0.2.
Return on equitycalculated
-1%
For every ₹100 of the owners' money, the company lost ₹1 in the year.
Debt to equitycalculated
0.81×
The company has borrowed ₹0.81 for every ₹1 of its owners' money.
- Indicative price
- On request
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2023-24. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Navitas Green Solutions Private Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY24: ₹201 Cr to ₹289 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY24: ₹3.91 Cr to ₹-0.61 Cr.
| Particulars | FY23 | FY24Latest |
|---|---|---|
| Total operating income | 201.3 | 289.48▲44% |
| EBITDA | 13.99 | 11.8▼16% |
| Profit after tax | 3.91 | -0.61▼116% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Infomerics Ratings press release, 29 January 2025.
Credit rating. IVR BBB / Stable, Infomerics, long-term bank facilities of ₹50.68 crore, assigned 29 January 2025 (29 January 2025) Infomerics Ratings press release, 29 January 2025
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| FY2023-24Capital of ₹17.73 crore raised during the year through private placement, as reported by the rating agency. | Private placement | Equity shares | Not stated | ₹18 Cr |
| FY2022-23Capital of ₹22.26 crore raised during the year through private placement, as reported by the rating agency. | Private placement | Equity shares | Not stated | ₹22 Cr |
Read from: Infomerics Ratings press release, 29 January 2025
Leadership
Management
Vineet Mittal
Director - Finance & Strategy
Ankit Singhania
Director - Sales
Aditya Singhania
Director - Engineering
Sunay Shah
Director - Projects
Saurabh Aggarwal
Head - Taxation & Logistics
Sanjeev Gupta
Chief Technology Officer
Vijay Menon
Chief Operating Officer
Hemanshu Desai
DGM, Finance & Accounts
Read from: Navitas Solar website, team page
Corporate calendar
Events
- 15 Jul 2026Order winEPC arm Navitas Planet announced a 54 MW, about $20 million, solar project in ZambiaOpen
- 16 Jun 2026ExpansionAnnounced a proposed ₹1,500 crore expansion in Gujarat with a 3.6 GW solar cell plant and a pilot wafer and ingot lineOpen
- 29 Jan 2025Credit ratingInfomerics assigned IVR BBB / Stable to ₹50.68 crore of bank facilitiesOpen
- 2025-01ExpansionSubsidiary Navitas Solar Private Limited began operations at its 1.13 GW module plant in Bharuch districtOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Navitas Green Solutions Pvt Ltd. on WhatsAppIs the price shown for Navitas Green Solutions Pvt Ltd. final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Navitas Green Solutions Pvt Ltd. shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Navitas Green Solutions Pvt Ltd. shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Navitas Green Solutions Pvt Ltd.. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.