Solace Chits Private Limited
About Solace Chits Private Limited
Data last updated:
Solace Chits Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 23 February 2007.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U65992PN2007PTC129644.
The company had an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It was led by directors including George Moolesseril Verghese and George Abraham.
Its last annual general meeting (AGM) was held on 31 August 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Bramha Estate Building No. C1 Office No. 8 Near Jyoti Hotel Kondhwa Road, Pune, Maharashtra, India – 411048.
As per the financials filed for FY 2017, the company reported a revenue of ₹3.33 Lakh, a decline of 54% compared to the previous year. For the same year it recorded a net loss of ₹73,914 (net margin -22.2%) and EBITDA of -₹73,914 (EBITDA margin -22.2%).
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- Registered AddressBramha Estate Building No. C1 Office No. 8 Near Jyoti Hotel Kondhwa Road, Pune, Maharashtra, India – 411048
- IndustryFinancial Services, Financial Activities
- 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
- One PDF report, delivered after checkout
Business Activity of Solace Chits Private Limited
The main business activity of Solace Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solace Chits Private Limited FY 2017 filings available
Solace Chits Private Limited reported revenue of ₹3.33 Lakh (down 54% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Solace Chits Private Limited
Revenue fell 54% in the latest year. EBITDA fell 200% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Solace Chits Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | ₹3.33 Lakh | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | -₹73,914 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹73,914 | •••• | •••• |
| Balance Sheet | |||
| Share Capital | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• |
Financial Ratios of Solace Chits Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -22.2% | •••• | •••• |
| Net Profit Margin | -22.2% | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• |
| Liquidity and Debt | |||
| Current Ratio | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• |
| Efficiency and Growth | |||
| Asset Turnover | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solace Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Solace Chits Private Limited
Solace Chits has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| George Moolesseril Verghese | Director | 23 Feb 2007 | 19 Years 7 Months | As last reported |
| George Abraham | Director | 23 Feb 2007 | 19 Years 7 Months | As last reported |
| Geevarghese Nainanmathew Mathewnainan | Additional Director | 29 Nov 2013 | 12 Years 10 Months | As last reported |
Peer Comparison of Solace Chits Private Limited
Solace Chits Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akshaya Sri Chakra Nidhi Limited | ₹3.34 Lakh (FY 2023) | •••• | •••• | 742.0% | •••• | Sivakasi, Tamil Nadu, India |
| Trump Components Private Limited | ₹3.34 Lakh (FY 2024) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| Ponkar Chit Funds Private Limited | ₹3.34 Lakh (FY 2019) | •••• | •••• | -14.0% | •••• | Kochi, Kerala, India |
| Maithri Chits and Finance Pvt Ltd | ₹3.34 Lakh (FY 2025) | •••• | •••• | -8.0% | •••• | Thrissur, Kerala, India |
| Dadul Human Resources & Development Private Limited | ₹3.33 Lakh (FY 2021) | •••• | •••• | •••• | Bhubaneswar, Odisha, India | |
| Solace Chits Private Limited this company | ₹3.33 Lakh (FY 2017) | •••• | •••• | -54.0% | •••• | Pune, Maharashtra, India |
| GBMS Nidhi Limited | ₹3.33 Lakh (FY 2025) | •••• | •••• | 23.0% | •••• | Sikar, Rajasthan, India |
| Shubakara Chits Private Limited | ₹3.33 Lakh (FY 2023) | •••• | •••• | 3.0% | •••• | Chintalkunta, Telangana, India |
| Reckoner Infratech Private Limited | ₹3.32 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Chennai, Tamil Nadu, India |
| Prasham Exports (India) Private Limited | ₹3.32 Lakh (FY 2019) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| P Narayan Leasing and Finance Company Private Limited | ₹3.32 Lakh (FY 2024) | •••• | •••• | 8.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Solace Chits by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Solace Chits Private Limited
Solace Chits Private Limited is audited by S.J.Kachwala & Associates for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.J.Kachwala & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Solace Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solace Chits Private Limited
Solace Chits Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Solace Chits Private Limited
Employment history and EPFO contributions of people linked to Solace Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Solace Chits Private Limited
Solace Chits Private Limited has 5 board changes on record since 2007: 3 appointments and 2 cessations. The latest: Mathew Tharayil Oommen ceased to be Director on 24 Jan 2016.
Credit Ratings, Litigation & Regulatory Alerts for Solace Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solace Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solace Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solace Chits Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solace Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solace Chits Private Limited
Solace Chits has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Solace Chits was a private limited company based in Pune, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 23 February 2007 and is registered under CIN U65992PN2007PTC129644. The company has been struck off by the Registrar of Companies and is no longer operational.
Solace Chits had 3 directors:
- George Moolesseril Verghese - Director
- George Abraham - Director
- Geevarghese Nainanmathew Mathewnainan - Additional Director
The CIN (Corporate Identification Number) of Solace Chits is U65992PN2007PTC129644. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Solace Chits is at Bramha Estate Building No. C1 Office No. 8 Near Jyoti Hotel Kondhwa Road, Pune, Maharashtra, India – 411048.
Solace Chits was incorporated on 23 February 2007. It is registered with the Registrar of Companies, Pune.
Solace Chits reported revenue of ₹3.33 Lakh for FY 2017 (down 54% YoY).
Solace Chits has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh.
Solace Chits reported a net loss of ₹73,914 (net margin -22.2%) and EBITDA of -₹73,914 (EBITDA margin -22.2%) for FY 2017, as per its filed financial statements.
Solace Chits operated in the financial services industry, in the financial activities segment. It worked in this industry before it was struck off.
No. Solace Chits is not listed on any stock exchange. It is an unlisted company.