Solares Therapeutic Private Limited
About Solares Therapeutic Private Limited
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Solares Therapeutic Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Alrox Investment And Finance Pvt Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial product distributors segment of the financial services sector. It was incorporated on 05 September 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1994PTC080825.
The company had an authorised share capital of ₹85 Lakh and a paid-up capital of ₹43 Lakh. It was led by directors Meetal Sharad Sampat and Sunil Roshanlal Ajmera.
Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at F P 145 Ram Mandir Raod Vile Parle (E), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2017, the company reported a revenue of ₹13,348, a growth of 104% compared to the previous year. For the same year it recorded a net loss of ₹13,986 (net margin -104.8%) and EBITDA of -₹9,999 (EBITDA margin -74.9%).
Company details
Contact details
Solares Therapeutic Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressF P 145 Ram Mandir Raod Vile Parle (E), Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Financial Product Distributors
To see the full contact details of Solares Therapeutic Private 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
Financials of Solares Therapeutic Private Limited
FY 2017 filings availableSolares Therapeutic Private Limited reported revenue of ₹13,348 (up 104% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue rose 104% in the latest year. EBITDA fell 4% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹13,348 | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹9,999 | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹13,986 | ||
| 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
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -74.9% | ||
| Net Profit Margin | -104.8% | ||
| 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 | |||
To see the full financial statements and ratios of Solares Therapeutic Private Limited, buy the company report.
Board of directors of Solares Therapeutic Private Limited
Solares Therapeutic has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meetal Sharad Sampat Also directs: Sun Pharma Laboratories Limited, Realstone Infra Limited | Director | 04 Jun 2016 | 10 Years 5 Months | As last reported |
| Sunil Roshanlal Ajmera | Director | 10 Feb 2011 | 15 Years 9 Months | As last reported |
Peer comparison
Solares Therapeutic Private Limited is compared with the 10 companies closest to it by revenue in the Outsourcing industry (Consulting Services, Financial Instrument Distributors), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Doremi Enterprises Private Limited | ₹13,490 (FY 2022) | Vasai, Maharashtra, India | ||||
| Eries (India )Pvt Ltd | ₹13,480 (FY 2025) | -98.0% | Delhi, India | |||
| Prabhat Vanijya Private Limited | ₹13,467 (FY 2022) | -24.0% | Uluberia, West Bengal, India | |||
| Xprus Consulting Services (OPC) Private Limited | ₹13,460 (FY 2025) | -90.0% | Chennai, Tamil Nadu, India | |||
| Adler International Private Limited | ₹13,438 (FY 2025) | New Delhi, Delhi, India | ||||
| Solares Therapeutic Private Limitedthis company | ₹13,348 (FY 2017) | -₹13,986 | -104.8% | 104.0% | Mumbai, Maharashtra, India | |
| Globus Event and Management Private Limited | ₹13,341 (FY 2025) | -98.0% | Ghaziabad, Uttar Pradesh, India | |||
| Stress Asset Management Co. Private Limited | ₹13,325 (FY 2025) | 37.0% | New Delhi, Delhi, India | |||
| Incredo Business Private Limited | ₹13,310 (FY 2024) | -92.0% | Faridabad, Haryana, India | |||
| Arvco Management Services Private Limited | ₹13,255 (FY 2020) | -99.0% | Bangalore, Karnataka, India | |||
| Edvour Educonsultants Private Limited | ₹13,230 (FY 2025) | -100.0% | Patiala, Punjab, India |
To see the full peer comparison of Solares Therapeutic Private Limited, buy the company report.
Auditor
Solares Therapeutic Private Limited is audited by VALIA AND TIMBADIA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VALIA AND TIMBADIA | FY 2017 | 112241W |
Shareholding
The shareholding of Solares Therapeutic Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Solares Therapeutic Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solares Therapeutic Private 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 Solares Therapeutic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Solares Therapeutic Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Solares Therapeutic Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Meetal Sharad Sampat ceased to be Additional Director on 29 Sep 2016.
Frequently asked questions
Solares Therapeutic 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.
Solares Therapeutic was a private limited company based in Mumbai, Maharashtra, India. The company worked in financial product distributors, within the financial services industry. It was incorporated on 05 September 1994 and is registered under CIN U51900MH1994PTC080825. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Solares Therapeutic was incorporated on 05 September 1994. It is registered with the Registrar of Companies, Mumbai.
Solares Therapeutic had 2 directors:
- Meetal Sharad Sampat - Director
- Sunil Roshanlal Ajmera - Director
The CIN (Corporate Identification Number) of Solares Therapeutic is U51900MH1994PTC080825. 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 Solares Therapeutic is at F P 145 Ram Mandir Raod Vile Parle E, Mumbai, Maharashtra, India – 400057.
The latest financial statements of Solares Therapeutic on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 29 September 2017. Year-wise statements from 2015 are in the company report.
Solares Therapeutic operated in the financial services industry, in the financial product distributors segment.
The peers of Solares Therapeutic by revenue are Doremi Enterprises Private Limited, Eries (India )Pvt Ltd, Prabhat Vanijya Private Limited, Xprus Consulting Services (OPC) Private Limited, Adler International Private Limited and 5 more, all in the Outsourcing industry (Consulting Services, Financial Instrument Distributors).
Meetal Sharad Sampat ceased to be Additional Director on 29 Sep 2016. Meetal Sharad Sampat was appointed as Director on 04 Jun 2016. Tapas Kumar Roy ceased to be Director on 30 Sep 2014. Solares Therapeutic has 7 board changes on record in total.
Solares Therapeutic can be reached at its registered office: F P 145 Ram Mandir Raod Vile Parle E, Mumbai, Maharashtra, India – 400057.
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