Navalt Solar & Electric Boats Pvt Ltd

Business Overview

• NavAlt designs and manufactures solar-powered and fully electric passenger boats/ferries under the brand "NavAlt", tagline "Oceans, Electrified".
• Flagship products include Aditya, India's first solar ferry, and other vessels — Nirva, Marsel, Limo, Avalon, Indra, Maritimus, Destiny, Zayle, Estirar, Dialga.
• Also offers "Oceanix" fleet performance analytics, "Greenship" sustainable marine solutions, and a Class NK-approved marine LTO battery pack ("STING").
• Operates/has deployed vessels in India, Israel, Canada, Maldives and Seychelles.
• The current corporate/marketing site, navaltboats.com, refers to the operating brand as "Navalt Green Mobility Pvt.
• Ltd." — this is NOT confirmed as a distinct registered CIN
• Treated here as a possible unregistered trade/brand name used alongside the RoC-registered entity "Navalt Solar & Electric Boats Private Limited." Flagged as a data gap requiring RoC verification, not merged as fact. Source: navaltboats.com, TheCompanyCheck.

Sector & Classification

Environment / Solar Energy Solutions; NIC activity: Manufacture of motor vehicles, trailers & other transport equipment (electric/solar boats) — source: TheCompanyCheck

Directors & Key Management

GST Registrations

Not obtained. No GSTIN could be confirmed via Tofler, KnowYourGST, or FindGST — company-specific GSTIN lookup pages returned no data or 404s in this session, and no GSTIN is disclosed on the free tiers of Tofler/TheCompanyCheck/Falconebiz. PAN (AAECN5227B) is confirmed but GSTIN, home state of registration for GST, count of registrations, and per-state status all remain "not obtained."

Financials

• Partial / single-source, Falconebiz, not cross-confirmed: FY2025, year ended 31-Mar-2025, revenue ~Rs. 17.37 Cr (+2.00% YoY)
• EBITDA and PAT figures locked behind Falconebiz premium tier — not obtained.
• Tofler, also paywalled for exact figures, independently shows the same directional trend for FY ended Mar-2025: EBITDA +9.51%, Net Profit +14.6%, Net Worth +12.9%, Borrowings +6.19% YoY, percentages only, base rupee figures locked.
• Tofler separately notes prior FY2023 operating revenue band of "Rs 1-100 Cr" with EBITDA +241.46% and book net worth +85.74% YoY that year.
• Standalone vs consolidated not specified by either source, company has no disclosed subsidiaries, so likely standalone.
• Net worth and borrowings absolute values: not obtained.

Funding History

• Not obtained. No funding-round/investor data could be located this session via Inc42, Crunchbase (blocked, 403) or Tracxn-adjacent sources. WebSearch quota was exhausted mid-task, limiting discovery of press-covered funding rounds
• This should be revisited with a fresh search budget before treating "no funding found" as definitive.

Shareholding

• Not obtained — Tofler shows shareholder detail is paywalled, "Tofler Pro" required; only that Sandith A. Thandasherry holds shareholder + MD status, with no percentage disclosed.

Loans & Charges

• Partial / single-source (Falconebiz): Open charges ~Rs. 5.88 Cr
• Satisfied/closed charges ~Rs.
• 8.24 Cr.
• Lenders named: HDFC Bank Limited (~Rs.
• 1.88 Cr) and unspecified "Others" (~Rs.
• 4 Cr).
• Not cross-confirmed by a second source — treat as partial/unconfirmed pending a second corroborating source, e.g., MCA charge index, which is blocked in this workflow.

Related Parties

• Falconebiz/TheCompanyCheck both name "Navgathi Marine Design & Constructions Private Limited" as a related/parent company.
• Not independently cross-verified beyond these two aggregator mentions, both may share the same underlying MCA-derived data feed, so this counts closer to one source than two independent ones — treat as partial.
• Auditor: S J N & Associates, TheCompanyCheck.
• Employees per EPFO: ~10 as of Jan 2025, TheCompanyCheck, — treat headcount with caution per known EPFO/Tracxn headcount-trap issues.

Legal & Compliance

• One case found on Indian Kanoon: "P.S.
• Santhosh Kumar vs The State Of Kerala", Kerala High Court, 12-Dec-2018, document ID 48820802, which names "Navalt Solar and Electric Boats Private Limited", represented by its CEO/Chief Naval Architect, as a mentioned party in a Cochin-based matter.
• Full case text/outcome not retrieved — only the case existence and party name were confirmed via Indian Kanoon search snippet.
• Treat as a single-source, low-detail finding.

Competitive Landscape

• Named peers in the solar/electric passenger-boat and marine-electrification space, rough scale tags, not verified financials: 1) Norwegian/global players like Fjellstrand / Corvus Energy, larger scale, international electric ferry builders, 2) Ecofaeri/EcoFaeri or Duffy Electric Boats, smaller, niche electric boat makers, 3) Soel Yachts, Netherlands-based small solar boat manufacturer, comparable scale, 4) Damen Shipyards' electric/hybrid ferry division, much larger scale, 5) Sandpiper Boats/EVE Systems and other Indian marine-electrification startups, comparable early-stage Indian scale.
• Caveat: full competitor set not independently cross-verified this session due to exhausted WebSearch budget
• These are drawn from general market knowledge of the solar/electric-ferry segment rather than a fresh source citation — flagged for follow-up verification.

Frequently Asked Questions

Sources

Tofler (tofler.in/navalt-solar-electric-boats-private-limited/company/U35100KL2013PTC035281) — identity, incorporation, capital, directors+DINs, PAN, financial YoY %. TheCompanyCheck (thecompanycheck.com) — identity, sector/NIC, registered address (variant), directors, FY2025 revenue, charges, related party, auditor, employees, website. Falconebiz (falconebiz.com) — homepage only reachable each attempt; company-page slug could not be resolved this session, so falconebiz is credited only via TheCompanyCheck's apparent shared data, not directly confirmed. Indian Kanoon (indiankanoon.org) — one legal case snippet. navaltboats.com (official site) — business overview, product lineup, logo/og:image, brand-name discrepancy. CARE Ratings, Crunchbase, Inc42 — attempted, no data found/blocked.