MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-09-0001815
Banga Solar Private Limited - consumer electronics & durables in Kalol, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹190.29 Cr
▲ 98% YoY
Net profit · FY 2025
₹4.84 Cr
Net margin 2.5%
EBITDA · FY 2025
₹7.4 Cr
EBITDA margin 3.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹17.62 Cr
Satisfied ₹9.7 Cr
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings
About Banga Solar Private Limited
Data last updated:
Banga Solar Private Limited is a private limited company based in Kalol, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 01 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ2018PTC100337. Its GSTIN is 24AAHCB5928Q1Z4 (Gujarat). The company holds 10 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Jatinkumar Prahladbhai Patel and Kantilal Ganeshdas Patel.
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 Kalol, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹190.29 Cr, a growth of 98% compared to the previous year. For the same year it recorded a net profit of ₹4.84 Cr (net margin 2.5%) and EBITDA of ₹7.4 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 38% over five years.
As per MCA filings, the company has open charges of ₹17.62 Cr and satisfied charges of ₹9.7 Cr on record. The company has 1 deal on record (1 rights issue); the latest was in October 2019. Its 7 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 5 larger and 2 smaller; the largest is Ganpati Hitech Distributors Private Limited with revenue of ₹194.78 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers.
Banga Solar Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-09-0001815). For more details, the company can be reached via its website bangasolar.com.
Company details
CIN U51909GJ2018PTC100337
Registration Number 100337
Incorporation Date 01 January 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-GJ-09-0001815
Recognitions & Rankings of Banga Solar
Contact details
Banga Solar Private Limited's registered office is in Kalol, Gujarat. Its website is bangasolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address835/P3 1&2 – Floor, Opp. Green City Rakanpur, Kalol, Gujarat, India – 382721
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Banga Solar Private Limited, buy the company report.
Comprehensive company report
Banga Solar Private Limited - one report that includes everything
- 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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Business activity
The main business activity of Banga Solar is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Banga Solar Private Limited, buy the company report.
Financials of Banga Solar Private Limited
FY 2025 filings availableBanga Solar Private Limited reported revenue of ₹190.29 Cr (up 98% YoY) for FY 2025.
Revenue · FY 2025
₹190.29 Cr ▲ 98%
Net profit · FY 2025
₹4.84 Cr margin 2.5%
EBITDA · FY 2025
₹7.4 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 98%
3 years · compounded
▲ 28%
5 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 169%
3 years · compounded
▲ 14%
5 years · compounded
▲ 40%
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 98% growth in the latest year. EBITDA rose 169% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Revenue from Operations | |||||
| Other Income | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.4 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.84 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | 2.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Banga Solar Private Limited, buy the company report.
Board of directors of Banga Solar Private Limited
Banga Solar has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jatinkumar Prahladbhai Patel Also directs: Banga Infotech Private Limited | Director | 01 Jan 2018 | 8 Years 9 Months | Current |
| Kantilal Ganeshdas Patel Also directs: Banga Infotech Private Limited | Director | 01 Jan 2018 | 8 Years 9 Months | Current |
Peer comparison
Banga Solar Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ganpati Hitech Distributors Private Limited | ₹194.78 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India | |||
| Tirupati Cellcom Private Limited | ₹193.65 Cr (FY 2025) | -4.0% | Indore, Madhya Pradesh, India | |||
| S M Electric Trading Co Private Limited | ₹193.57 Cr (FY 2025) | 36.0% | Kolkata, West Bengal, India | |||
| Shree Balaji Enterprise Private Limited | ₹193.1 Cr (FY 2025) | 3.0% | Guwahati, Assam, India | |||
| HDN Telecom Private Limited | ₹191.45 Cr (FY 2025) | -12.0% | Raipur, Chhattisgarh, India | |||
| Banga Solar Private Limitedthis company | ₹190.29 Cr (FY 2025) | ₹4.84 Cr | 2.5% | 98.0% | Kalol, Gujarat, India | |
| Radco Marketing Private Limited | ₹189.39 Cr (FY 2025) | -7.0% | Kolkata, West Bengal, India | |||
| Angel Teletech Private Limited | ₹188.72 Cr (FY 2025) | 13.0% | Ajmer, Rajasthan, India |
To see the full peer comparison of Banga Solar Private Limited, buy the company report.
Auditor
Banga Solar Private Limited is audited by ANANT RATHOD & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANANT RATHOD & ASSOCIATES | FY 2023 | 148319 |
Shareholding
The shareholding of Banga Solar Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Banga Solar Private Limited, buy the company report.
Charges & borrowings
Open charges
₹17.62 Cr
Satisfied charges
₹9.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Dec 2024 | 101014659 | State Bank of India | ₹12.5 Cr | Open | |
| 24 Dec 2022 | 100663361 | Others | ₹5.12 Cr | Open | |
| 29 Jan 2021 | 100418735 | Others | ₹9.7 Cr | Satisfied |
To see the full charge records of Banga Solar Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Banga Solar Private Limited has 1 deal on record (1 rights issue); the latest was in October 2019.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Rights issue | ₹48 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Banga Solar 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
Banga Solar Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Euro Solar System | |||
| Australian Premium Solar (India) Limited | |||
| Banga Exim |
To see the full MSME payment records of Banga Solar Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Banga Solar has 10 GST registrations: 9 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
9
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCB5928Q1Z4 | Gujarat | Active | 20 Feb 2018 |
| 09AAHCB5928Q1ZW | Uttar Pradesh | Active | 21 Nov 2018 |
| 03AAHCB5928Q1Z8 | Punjab | Active | 06 Mar 2019 |
| 29AAHCB5928Q1ZU | Karnataka | Active | 15 May 2019 |
To see the full GST registrations and return filing status of Banga Solar Private Limited, buy the company report.
Recent activity
Banga Solar Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Jatinkumar Prahladbhai Patel was appointed as Director on 01 Jan 2018.
AGM
Banga Solar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Banga Solar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 29 Jan 2021 via Charge ID 100418735 with Others was fully satisfied on 07 Dec 2024.
Charges
A charge with State Bank Of India amounted to Rs. 12.50 Cr with Charge ID 101014659 was registered on 02 Dec 2024.
Charges
A charge with Others of Rs. 5.12 Cr registered on 24 Dec 2022 with Charge ID 100663361 was modified on 17 Aug 2023.
Charges
A charge with Others amounted to Rs. 5.12 Cr with Charge ID 100663361 was registered on 24 Dec 2022.
Charges
A charge with Others of Rs. 9.70 Cr registered on 29 Jan 2021 with Charge ID 100418735 was modified on 25 Mar 2021.
Charges
A charge with Others amounted to Rs. 9.70 Cr with Charge ID 100418735 was registered on 29 Jan 2021.
Appointed
Jatinkumar Prahladbhai Patel was appointed as Director.
Appointed
Kantilal Ganeshdas Patel was appointed as Director.
Incorporation
01 Jan 2018
Banga Solar Private Limited was registered on 01 Jan 2018 with Roc Ahmedabad & aged 8 years 9 months as per MCA records.
Frequently asked questions
Banga Solar is an active private limited company based in Kalol, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 01 January 2018 (8+ years old) and is registered under CIN U51909GJ2018PTC100337.
Banga Solar has 2 current directors:
- Jatinkumar Prahladbhai Patel - Director
- Kantilal Ganeshdas Patel - Director
The latest financial statements of Banga Solar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Banga Solar is 24AAHCB5928Q1Z4, registered in Gujarat. The company has 10 GST registrations in all, of which 9 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAHCB5928Q1ZW (Uttar Pradesh), 03AAHCB5928Q1Z8 (Punjab), 29AAHCB5928Q1ZU (Karnataka).
The CIN (Corporate Identification Number) of Banga Solar is U51909GJ2018PTC100337. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Banga Solar was incorporated on 01 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Banga Solar has 1 deal on record (1 rights issue); the latest was in October 2019.
The peers of Banga Solar by revenue are Ganpati Hitech Distributors Private Limited, Tirupati Cellcom Private Limited, S M Electric Trading Co Private Limited, Shree Balaji Enterprise Private Limited, HDN Telecom Private Limited and 2 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution), with the same principal business activity (wholesale trading).
Jatinkumar Prahladbhai Patel was appointed as Director on 01 Jan 2018. Kantilal Ganeshdas Patel was appointed as Director on 01 Jan 2018.
Yes, Banga Solar is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-09-0001815).
Banga Solar has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 29 May 2019.
Banga Solar can be reached through the website bangasolar.com. Its registered office is in Kalol, Gujarat, India.