About Fulare Solar Limited
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Fulare Solar Limited is a public limited company based in Nirmal, Maharashtra, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 15 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31200MH2010PLC200881. Its GSTIN is 27AABCF4884F1ZI (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹18.89 Lakh. It is led by directors including Kishor Bhau Naik and Jayesh Anant Vartak.
Its last annual general meeting (AGM) was held on 06 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Janardhan Bhavan Fulare Stop Wagholi Taluka Vasai Dist Thane Post Nirmal, Maharashtra, India – 401304.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.57 Lakh, a decline of 27% compared to the previous year. For the same year it recorded a net loss of ₹27,398 (net margin -17.5%) and EBITDA of -₹15,030 (EBITDA margin -9.6%). Revenue has grown at a compounded annual rate (CAGR) of 372% over three years and 252% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fularesolar.in.
Company details
Contact details
Fulare Solar Limited's registered office is in Nirmal, Maharashtra. Its website is fularesolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJanardhan Bhavan Fulare Stop Wagholi Taluka Vasai Dist Thane Post Nirmal, Maharashtra, India – 401304
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Fulare Solar Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Fulare Solar is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Fulare Solar Limited, buy the company report.
Financials of Fulare Solar Limited
FY 2025 filings availableFulare Solar Limited reported revenue of ₹1.57 Lakh (down 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 27% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 252%. EBITDA fell 202% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹15,030 | ||||
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| Net Profit (PAT) | -₹27,398 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | -9.6% | ||||
| Net Profit Margin | -17.5% | ||||
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To see the full financial statements and ratios of Fulare Solar Limited, buy the company report.
Board of directors of Fulare Solar Limited
Fulare Solar has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishor Bhau Naik | Director | 15 Mar 2010 | 16 Years 7 Months | Current |
| Jayesh Anant Vartak | Director | 31 Dec 2014 | 11 Years 9 Months | Current |
| Vandana Kishor Naik | Director | 15 Mar 2010 | 16 Years 7 Months | Current |
Auditor
Fulare Solar Limited is audited by S P DEDHIA & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S P DEDHIA & ASSOCIATES | FY 2018 | 115410W |
Shareholding
The shareholding of Fulare Solar Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Fulare Solar Limited, buy the company report.
Legal cases
No court or tribunal cases involving Fulare Solar Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Fulare Solar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fulare Solar has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF4884F1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fulare Solar Limited, buy the company report.
Recent activity
Fulare Solar Limited has 8 board changes on record since 2010: 3 appointments and 5 cessations. The latest: Jitendra Dattatray Deshmukh ceased to be Director on 12 Feb 2019.
Frequently asked questions
Fulare Solar is an active public limited company based in Nirmal, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 15 March 2010 (16+ years old) and is registered under CIN U31200MH2010PLC200881.
Fulare Solar has 3 current directors:
- Kishor Bhau Naik - Director
- Jayesh Anant Vartak - Director
- Vandana Kishor Naik - Director
The latest financial statements of Fulare Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 06 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fulare Solar is 27AABCF4884F1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Fulare Solar is U31200MH2010PLC200881. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fulare Solar was incorporated on 15 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Jitendra Dattatray Deshmukh ceased to be Director on 12 Feb 2019. Narendra Yashwant Patil ceased to be Director on 12 Feb 2019. Bhagwan Baliram Shirsekar ceased to be Director on 11 Feb 2019. Fulare Solar has 8 board changes on record in total.
Fulare Solar can be reached through the website fularesolar.in. Its registered office is in Nirmal, Maharashtra, India.
The registered office of Fulare Solar is at Janardhan Bhavan Fulare Stop Wagholi Taluka Vasai Dist Thane Post Nirmal, Maharashtra, India – 401304.
Fulare Solar operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.