Solace Logistic Private Limited
About Solace Logistic Private Limited
Data last updated:
Solace Logistic Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 30 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2010PTC207220. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4.01 Cr and a paid-up capital of ₹2.81 Cr. It is led by directors including Nileshkumar Ramesh Wade and Ashok Govindlal Somani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Empire House 3rd Floor 214 Dr. D. N. Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.67 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹1.9 Lakh (net margin -1.1%) and EBITDA of ₹91.36 Lakh (EBITDA margin 54.9%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 8 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressEmpire House 3rd Floor 214 Dr. D. N. Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
- 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 Logistic Private Limited
The main business activity of Solace Logistic is administrative and support service activities. In detail, this covers office administrative, office support and other business support activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Administrative and support service activities | 82 | Office administrative, office support and other business support 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 Logistic Private Limited FY 2025 filings available
Solace Logistic Private Limited reported revenue of ₹1.67 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solace Logistic Private Limited
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 2%. EBITDA rose 7% 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 of Solace Logistic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹91.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.9 Lakh | •••• | •••• | •••• | •••• |
| 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 Logistic Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 54.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.1% | •••• | •••• | •••• | •••• |
| 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 Logistic 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.
Peer Comparison of Solace Logistic Private Limited
Solace Logistic Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (HR Outsourcing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zensei Labs Search Private Limited | ₹1.67 Cr (FY 2024) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Udhas Nath Baba Services Private Limited | ₹1.67 Cr (FY 2025) | •••• | •••• | -74.0% | •••• | Faridabad, Haryana, India |
| E&D HR Services Private Limited | ₹1.67 Cr (FY 2025) | •••• | •••• | •••• | Ernakulam, Kerala, India | |
| Western Crew Management Services (India) Private Limited | ₹1.67 Cr (FY 2025) | •••• | •••• | 65819.0% | •••• | Mumbai, Maharashtra, India |
| A.N.D. Crew Management Solutions Private Limited | ₹1.67 Cr (FY 2024) | •••• | •••• | 169.0% | •••• | Mumbai, Maharashtra, India |
| Solace Logistic Private Limited this company | ₹1.67 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Techdew Ux Design and Consulting Private Limited | ₹1.67 Cr (FY 2024) | •••• | •••• | -43.0% | •••• | Chennai, Tamil Nadu, India |
| Himanshu Manpower Private Limited | ₹1.66 Cr (FY 2024) | •••• | •••• | 164.0% | •••• | Vasai, Maharashtra, India |
| Talentpath Management Services Private Limited | ₹1.66 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Noida, Uttar Pradesh, India |
| Deevoir Consulting Services Private Limited | ₹1.66 Cr (FY 2024) | •••• | •••• | 30.0% | •••• | Mumbai, Maharashtra, India |
| Cybersec Services Advisor Private Limited | ₹1.66 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Solace Logistic by revenue in the Outsourcing industry (HR Outsourcing), 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 Logistic Private Limited
Solace Logistic Private Limited is audited by V M D & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V M D & CO | 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.
Board of Directors of Solace Logistic Private Limited
Solace Logistic 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 |
|---|---|---|---|---|
| Nileshkumar Ramesh Wade | Director | 01 Jul 2017 | 9 Years 3 Months | Current |
| Ashok Govindlal Somani Also directs: Shree Consultations and Services Private Limited. | Director | 30 Aug 2010 | 16 Years 1 Months | Current |
| Ashish Ramesh Dhanwade | Director | 01 Apr 2016 | 10 Years 6 Months | Current |
Ownership and Shareholding of Solace Logistic 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 Logistic Private Limited
Solace Logistic Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Solace Logistic Private Limited
Solace Logistic Private Limited has a workforce of 8 employees as of Mar 30, 2024.
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 Logistic Private Limited
Solace Logistic Private Limited has 5 board changes on record since 2010: 3 appointments and 2 cessations. The latest: Nileshkumar Ramesh Wade ceased to be Additional Director on 29 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Solace Logistic 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 Logistic 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 Logistic 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 Logistic Private Limited
Solace Logistic has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Logistic 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 Logistic Private Limited
Solace Logistic is an active private limited company based in Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 30 August 2010 (16+ years old) and is registered under CIN U63090MH2010PTC207220.
Solace Logistic reported revenue of ₹1.67 Cr for FY 2025 (up 8% YoY).
Solace Logistic has 3 current directors:
- Nileshkumar Ramesh Wade - Director
- Ashok Govindlal Somani - Director
- Ashish Ramesh Dhanwade - Director
Solace Logistic reported a net loss of ₹1.9 Lakh (net margin -1.1%) and EBITDA of ₹91.36 Lakh (EBITDA margin 54.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solace Logistic is 4% over three years and -2% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
No. Solace Logistic has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Solace Logistic is U63090MH2010PTC207220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solace Logistic was incorporated on 30 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Solace Logistic by revenue are Zensei Labs Search Private Limited, Udhas Nath Baba Services Private Limited, E&D HR Services Private Limited, Western Crew Management Services (India) Private Limited, A.N.D. Crew Management Solutions Private Limited and 5 more, all in the Outsourcing industry (HR Outsourcing).
Nileshkumar Ramesh Wade ceased to be Additional Director on 29 Sep 2017. Nileshkumar Ramesh Wade was appointed as Director on 01 Jul 2017. Ashish Ramesh Dhanwade was appointed as Director on 01 Apr 2016. Solace Logistic has 5 board changes on record in total.
The registered office of Solace Logistic is at Empire House 3rd Floor 214 Dr. D. N. Road Fort, Mumbai, Maharashtra, India – 400001.