About Solvo Elevators
Solvo Elevators is an Industrial Goods & Manufacturing company. Elevator manufacturing, installation, and maintenance services in India. Its Indian entity Solvo Elevators Private Limited reported revenue of ₹1.60 Cr. Solvo Elevators offers products and services including Elevators and Maintenance Services. Its focus areas include Manufacturing, Industrial Manufacturing, Elevator Production and Vertical Transportation Equipment.
Company details
Solvo Elevators is recognized as a manufacturer of elevators and lifts that has been serving India since 2014. Innovative mobility solutions are provided by the company, focusing on safety, energy efficiency, and customization to meet vertical transportation needs. Services such as installation, repairs, and design consultations are offered, along with a variety of elevator cabins in different finishes. Customer support is maintained through round-the-clock assistance and efficient record-keeping to reduce downtime, ensuring reliable operations in diverse environments.
- SectorsIndustrial Goods & Manufacturing
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- Legal Name Solvo Elevators Pvt. Ltd
- Date of Incorporation 31 May, 2019
- Jurisdiction Ahmedabad, Gujarat, India
- Indian entity revenue₹1.60 Cr
FY 2024 · +95% YoY
- Indian entity net profit₹2.4 Lakh
FY 2024 · 2% margin
- Indian entity EBITDA₹3.6 Lakh
FY 2024 · 2% margin
Associated legal entities of Solvo Elevators
Solvo Elevators operates through Solvo Elevators Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Solvo Elevators Private Limited CIN U29308GJ2019PTC108440 | Active | 31 May 2019 | Ahmedabad, Gujarat | ₹1.6 Cr | 4 | 2 | View details |
Products & Services of Solvo Elevators
Solvo Elevators offers a comprehensive portfolio of products and services, including Elevators and Maintenance Services.
Elevators are manufactured by Solvo Elevators for safe and energy-efficient vertical transportation in various settings
Maintenance services are provided by Solvo Elevators for elevators to minimize downtime and ensure reliability
Board of directors of Solvo Elevators Private Limited (Solvo Elevators)
Solvo Elevators Private Limited is the primary company behind Solvo Elevators. The board of Solvo Elevators Private Limited currently have 2 directors; the longest-serving is Ruchirkumar Janakkumar Oza, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ruchirkumar Janakkumar Oza DIN 08410533 | Director | 31 May 2019 | 7 yrs 4 mo | Solvo Elevators Private Limited |
| Janakkumar Balkrishnabhai Oza DIN 08410534 | Director | 31 May 2019 | 7 yrs 4 mo | Solvo Elevators Private Limited |
Financials of Solvo Elevators
Figures of Solvo Elevators Private Limited, the primary company behind Solvo Elevators, for FY 2024. Revenue was ₹1.60 Cr (+95% year on year). Net profit was ₹2.4 Lakh (2% margin). EBITDA was ₹3.6 Lakh (2% margin). Revenue has grown at a compounded annual rate of +18% over three years.
- ₹1.60 CrRevenue · FY 2024 · +95% YoY
- ₹2.4 LakhNet profit · 2% margin
- ₹3.6 LakhEBITDA · 2% margin
- ₹1 LakhPaid-up capital
- 4Employees (provident fund records)
- +18%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Solvo Elevators Private Limited are on its company page.
Detailed financial statements for Solvo Elevators
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Frequently Asked Questions about Solvo Elevators
The primary company behind Solvo Elevators, Solvo Elevators Private Limited, reported revenue of ₹1.60 Cr for FY 2024, up 95% year on year.
Solvo Elevators is recognized as a manufacturer of elevators and lifts that has been serving India since 2014. Innovative mobility solutions are provided by the company, focusing on safety, energy efficiency, and customization to meet vertical transportation needs. Services such as installation, repairs, and design consultations are offered, along with a variety of elevator cabins in different finishes. Customer support is maintained through round-the-clock assistance and efficient record-keeping to reduce downtime, ensuring reliable operations in diverse environments.
Solvo Elevators offers Elevators and Maintenance Services.
Solvo Elevators operates through Solvo Elevators Private Limited.
The legal entities of Solvo Elevators currently have 2 directors, including Ruchirkumar Janakkumar Oza, Janakkumar Balkrishnabhai Oza.