About Solar Initiating Systems Limited
Data last updated:
Solar Initiating Systems Limited was a public limited company based in Nagpur, Maharashtra, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 02 February 2009.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U31400MH2009PLC190044. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors including Manish Satyanarayan Nuwal and Kailash Chandra Nuwal.
Its last annual general meeting (AGM) was held on 22 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 11 Zade Layout Bharat Nagar, Nagpur, Maharashtra, India – 440033.
As per the financials filed for FY 2017, the company reported a revenue of ₹12 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net profit of ₹10.36 Lakh (net margin 86.4%) and EBITDA of ₹9.96 Lakh (EBITDA margin 83%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years.
The last known website on record is solargroup.com.
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- Registered Address11 Zade Layout Bharat Nagar, Nagpur, Maharashtra, India – 440033
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- 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
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Financials of Solar Initiating Systems Limited FY 2017 filings available
Solar Initiating Systems Limited reported revenue of ₹12 Lakh (down 83% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Solar Initiating Systems Limited
Revenue fell 83% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 50% 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 Solar Initiating Systems Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | ₹9.96 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.36 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 Solar Initiating Systems Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 83% | •••• | •••• |
| Net Profit Margin | 86.4% | •••• | •••• |
| 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 Solar Initiating Systems 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 Solar Initiating Systems Limited
Solar Initiating Systems has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manish Satyanarayan Nuwal Also directs: MSN Estate Ventures LLP, MSN Nextech Ventures LLP, MSN Ventures Global Enterprises LLP and 5 more | Director | 02 Feb 2009 | 17 Years 8 Months | As last reported |
| Kailash Chandra Nuwal | Director | 02 Feb 2009 | 17 Years 8 Months | As last reported |
| Satyanarayan Nandlal Nuwal Also directs: Solar Industries India Limited, Solar Defence and Aerospace Limited, MSN Nexgen Solutions Limited and 3 more | Director | 02 Feb 2009 | 17 Years 8 Months | As last reported |
Peer Comparison of Solar Initiating Systems Limited
Solar Initiating Systems Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Syslab Automation Private Limited | ₹12.11 Lakh (FY 2025) | •••• | •••• | -52.0% | •••• | Pune, Maharashtra, India |
| Edoth Electronics Private Limited | ₹12.09 Lakh (FY 2025) | •••• | •••• | -27.0% | •••• | Hyderabad, Telangana, India |
| Raincer Technologies Private Limited | ₹12.05 Lakh (FY 2024) | •••• | •••• | 1293.0% | •••• | Sri Ganganagar, Rajasthan, India |
| Mobile Voice Konnect Private Limited | ₹12.05 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Bangalore, Karnataka, India |
| Masterwork Automodules India Private Limited | ₹12.01 Lakh (FY 2024) | •••• | •••• | -66.0% | •••• | New Delhi, Delhi, India |
| Solar Initiating Systems Limited this company | ₹12 Lakh (FY 2017) | •••• | •••• | -83.0% | •••• | Nagpur, Maharashtra, India |
| India HQ Solutions Private Limited | ₹11.95 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Inometrics Technology Systems Private Limited | ₹11.89 Lakh (FY 2019) | •••• | •••• | -50.0% | •••• | Kollam, Kerala, India |
| Hrita Solutions Private Limited | ₹11.85 Lakh (FY 2024) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Mievo Technologies Private Limited | ₹11.8 Lakh (FY 2025) | •••• | •••• | 220.0% | •••• | Kalyanpur, Uttar Pradesh, India |
| Ekathva Innovations Private Limited | ₹11.61 Lakh (FY 2025) | •••• | •••• | -29.0% | •••• | Shimoga, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Solar Initiating Systems by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), 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 Solar Initiating Systems Limited
Solar Initiating Systems Limited is audited by GANDHI RATHI & CO for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GANDHI RATHI & 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.
Ownership and Shareholding of Solar Initiating Systems 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 Solar Initiating Systems Limited
Solar Initiating Systems Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Solar Initiating Systems Limited
Employment history and EPFO contributions of people linked to Solar Initiating Systems.
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 Solar Initiating Systems Limited
Solar Initiating Systems Limited has 3 board changes on record since 2009: 3 appointments. The latest: Kailash Chandra Nuwal was appointed as Director on 02 Feb 2009.
Credit Ratings, Litigation & Regulatory Alerts for Solar Initiating Systems 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 Solar Initiating Systems 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 Solar Initiating Systems 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 Solar Initiating Systems Limited
Solar Initiating Systems 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 Solar Initiating Systems 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.
Related news about Solar Initiating Systems Limited
Frequently Asked Questions about Solar Initiating Systems Limited
Solar Initiating Systems has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Solar Initiating Systems was a public limited company based in Nagpur, Maharashtra, India. The company worked in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 02 February 2009 and is registered under CIN U31400MH2009PLC190044. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Solar Initiating Systems was incorporated on 02 February 2009. It is registered with the Registrar of Companies, Mumbai.
Solar Initiating Systems had 3 directors:
- Manish Satyanarayan Nuwal - Director
- Kailash Chandra Nuwal - Director
- Satyanarayan Nandlal Nuwal - Director
The CIN (Corporate Identification Number) of Solar Initiating Systems is U31400MH2009PLC190044. 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 Solar Initiating Systems is at 11 Zade Layout Bharat Nagar, Nagpur, Maharashtra, India – 440033.
Solar Initiating Systems can be reached through the website solargroup.com. Its registered office is in Nagpur, Maharashtra, India.
Solar Initiating Systems reported revenue of ₹12 Lakh for FY 2017 (down 83% YoY).
Solar Initiating Systems has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh.
Solar Initiating Systems reported a net profit of ₹10.36 Lakh (net margin 86.4%) and EBITDA of ₹9.96 Lakh (EBITDA margin 83%) for FY 2017, as per its filed financial statements.
No. Solar Initiating Systems has 1 GST registration on record and it is cancelled or inactive.