MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-RJ-17-0158953
Karnani Solvex Private Limited
Karnani Solvex Private Limited - food and beverages in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹293.18 Cr
▼ 13% YoY
Net profit · FY 2025
₹24.31 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹4.84 Cr
EBITDA margin 1.7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.6 Cr
Issued & subscribed
Open charges
₹84.17 Cr
Satisfied ₹44.48 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
5
Provident fund records
About Karnani Solvex Private Limited
Data last updated:
Karnani Solvex Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 20 December 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U15143RJ2007PTC025558. Its GSTIN is 08AADCK2977N1ZW (Rajasthan). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.6 Cr. It is led by directors Sanjay Kumar Karnani and Narayan Karnani.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at M – 8 Mahesh Colony Tonk Phatak, Jaipur, Rajasthan, India – 302015.
As per the financials filed for FY 2025, the company reported a revenue of ₹293.18 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹24.31 Lakh (net margin 0.1%) and EBITDA of ₹4.84 Cr (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The company has about 5 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹84.17 Cr and satisfied charges of ₹44.48 Cr on record. Court records list 12 cases involving the company, including 3 filed by the company and 9 filed against it; 5 cases are pending. The company has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹5.72 Cr; the latest was in September 2021. Its 4 peer companies in the Agriculture industry (Edible Oils, Fertilizers), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 2 smaller; the largest is Shri P R Proteins Private Limited with revenue of ₹299.39 Cr.
Karnani Solvex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0158953). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U15143RJ2007PTC025558
Registration Number 025558
Incorporation Date 20 December 2007
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-RJ-17-0158953
Recognitions & Rankings of Karnani Solvex
Contact details
Karnani Solvex Private Limited's registered office is in Jaipur, Rajasthan. Its e-mail address is in the company report.
- Email
- Registered AddressM – 8 Mahesh Colony Tonk Phatak, Jaipur, Rajasthan, India – 302015
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Karnani Solvex Private Limited, buy the company report.
Comprehensive company report
Karnani Solvex 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 Karnani Solvex is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Karnani Solvex Private Limited, buy the company report.
Financials of Karnani Solvex Private Limited
FY 2024 filings availableKarnani Solvex Private Limited reported revenue of ₹293.18 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹293.18 Cr ▼ 13%
Net profit · FY 2025
₹24.31 Lakh margin 0.1%
EBITDA · FY 2025
₹4.84 Cr margin 1.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 1%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 121%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 3% 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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| Total Expenses | |||||
| EBITDA | ₹4.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹24.31 Lakh | ||||
| Balance Sheet | |||||
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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 | 1.7% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Karnani Solvex Private Limited, buy the company report.
Board of directors of Karnani Solvex Private Limited
Karnani Solvex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kumar Karnani Also directs: Star Gums India Private Limited | Director | 20 Dec 2007 | 18 Years 10 Months | Current |
| Narayan Karnani | Director | 20 Dec 2007 | 18 Years 10 Months | Current |
Peer comparison
Karnani Solvex Private Limited is compared with the 4 companies closest to it by revenue in the Agriculture industry (Edible Oils, Fertilizers), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri P R Proteins Private Limited | ₹299.39 Cr (FY 2025) | 9.0% | Jaipur, Rajasthan, India | |||
| S.K. Solvex Private Limited | ₹296.1 Cr (FY 2025) | 5.0% | Jaipur, Rajasthan, India | |||
| Karnani Solvex Private Limitedthis company | ₹293.18 Cr (FY 2025) | ₹24.31 Lakh | 0.1% | -13.0% | 5 | Jaipur, Rajasthan, India |
| K P Solvex Private Ltd | ₹293.01 Cr (FY 2025) | -9.0% | Tikamgarh, Madhya Pradesh, India | |||
| Agarwal Industries Pvt Ltd | ₹292.66 Cr (FY 2025) | 72.0% | Telangana, India |
To see the full peer comparison of Karnani Solvex Private Limited, buy the company report.
Auditor
Karnani Solvex Private Limited is audited by RAJESH GUPTA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH GUPTA & CO | FY 2023 | 001789C |
Shareholding
The shareholding of Karnani Solvex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Karnani Solvex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹84.17 Cr
Satisfied charges
₹44.48 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2024 | 101033494 | Others | ₹18 Lakh | Open | |
| 19 Dec 2024 | 101018626 | Sidbi | ₹2 Cr | Open | |
| 11 Jun 2024 | 100941243 | Others | ₹9 Lakh | Open | |
| 08 Dec 2021 | 100515694 | Others | ₹11 Cr | Open | |
| 22 Feb 2017 | 100079882 | Others | ₹21.45 Cr | Open |
To see the full charge records of Karnani Solvex Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Karnani Solvex Private Limited has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹5.72 Cr; the latest was in September 2021.
Total deals
10
Secondary share transfers
6
Funding rounds
3
Rights issue
1
Disclosed funding
₹5.72 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Blue Stone Finvest Private Limited , Zigma Vinimay Private Limited |
| Oct 2016 | Rights issue | ₹3.72 Cr | Investors: 2 individuals |
| Mar 2012 | Funding round | ₹7.4 Lakh | Investors: Zigma Vinimay Private Limited |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: K.P. Credit & Traders Pvt. Ltd. , Priyamvada Finvest Pvt Ltd , Quality Sales Promotion Pvt Ltd |
| Jan 2009 | Funding round | ₹4.86 Cr | Investors: Priyamvada Finvest Pvt Ltd , Motcab Finance Private Limited , K.P. Credit & Traders Pvt. Ltd. |
To see the full deal history of Karnani Solvex Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Karnani Solvex Private Limited has 12 court cases on record: 3 filed by Karnani Solvex, 9 filed against it. 5 cases are pending and 7 are disposed.
Total cases
12
Filed by the company
3
Filed against the company
9
Pending
5
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 5 | 2 |
| High courts | 2 | 2 | 2 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Excel Infra Logistics Pvt Ltd | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against Excel Infra Logistics Pvt. Ltd. S-1, 2Nd Floor, Madhuban Tower, Plot No. 283, Ward 12-B, Gandhidham (Kutch) , District: Gandhidham ,Kachchh , Gujarat | Disposed |
| NCLT, Jaipur | Insolvency matter | Filed against the company by Excet Infra Logistics Pvt Ltd | Disposed |
| High Court of Rajasthan | Tax appeal | Filed against the company by The Principal Commissioner of Income Taxm | Pending |
| High Court of Rajasthan | Court case (CMCC) | Filed against the company by The Principal Commissioner of Income Taxm | Pending |
To see the full case history of Karnani Solvex Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Karnani Solvex Private Limited was last rated by Brickwork on 21 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 21 Jul 2022 |
To see the full credit ratings and regulatory alerts of Karnani Solvex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Karnani Solvex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Karnani Solvex has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Star Gums India Private Limited | U15439RJ2011PTC035137 |
To see the full group structure of Karnani Solvex Private Limited, buy the company report.
Employees & EPFO
Karnani Solvex Private Limited has a workforce of 5 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
-37.5%
GST
Karnani Solvex has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AADCK2977N1ZW | Rajasthan | Active | 01 Jul 2017 |
| 06AADCK2977N1Z0 | Haryana | Active | 01 Jul 2017 |
| 33AADCK2977N1Z3 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnani Solvex Private Limited, buy the company report.
Recent activity
Karnani Solvex Private Limited has 4 board changes on record since 2007: 2 appointments and 2 cessations. The latest: Satyendra Pal Tiwari ceased to be Director on 18 Aug 2015.
AGM
Karnani Solvex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.18 Cr with Charge ID 101033494 was registered on 31 Dec 2024.
Charges
A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 101018626 was registered on 19 Dec 2024.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100941243 was registered on 11 Jun 2024.
Filing
Karnani Solvex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
Charges
A charge registered on 29 Aug 2020 via Charge ID 100372200 with Others was fully satisfied on 01 Jul 2022.
Charges
A charge with Others amounted to Rs. 11.00 Cr with Charge ID 100515694 was registered on 08 Dec 2021.
Charges
A charge with Others amounted to Rs. 4.47 Cr with Charge ID 100372200 was registered on 29 Aug 2020.
Charges
A charge registered on 20 Jan 2012 via Charge ID 10332048 with Bank Of Baroda was fully satisfied on 14 Aug 2020.
Charges
A charge registered on 16 Jul 2014 via Charge ID 10513055 with Bank Of Baroda was fully satisfied on 28 Jul 2020.
Charges
A charge registered on 18 Feb 2014 via Charge ID 10481496 with Bank Of Baroda was fully satisfied on 28 Jul 2020.
Charges
A charge registered on 29 Sep 2011 via Charge ID 10318862 with Bank Of Baroda was fully satisfied on 28 Jul 2020.
25 earlier events are in the company report.
Frequently asked questions
Karnani Solvex is an active private limited company based in Jaipur, Rajasthan, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 20 December 2007 (19+ years old) and is registered under CIN U15143RJ2007PTC025558.
Karnani Solvex has 2 current directors:
- Sanjay Kumar Karnani - Director
- Narayan Karnani - Director
The latest financial statements of Karnani Solvex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Karnani Solvex is 08AADCK2977N1ZW, registered in Rajasthan. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AADCK2977N1Z0 (Haryana), 33AADCK2977N1Z3 (Tamil Nadu).
The CIN (Corporate Identification Number) of Karnani Solvex is U15143RJ2007PTC025558. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnani Solvex has 12 court cases on record: 3 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Karnani Solvex was incorporated on 20 December 2007, making it 19+ years old. It is registered with the Registrar of Companies, Jaipur.
Karnani Solvex has 10 deals on record (6 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹5.72 Cr; the latest was in September 2021.
The peers of Karnani Solvex by revenue are Shri P R Proteins Private Limited, S.K. Solvex Private Limited, K P Solvex Private Ltd, Agarwal Industries Pvt Ltd, all in the Agriculture industry (Edible Oils, Fertilizers), with the same principal business activity (food, beverages and tobacco products).
Satyendra Pal Tiwari ceased to be Director on 18 Aug 2015. Gouri Shankar Dhamani ceased to be Director on 01 Oct 2013. Narayan Karnani was appointed as Director on 20 Dec 2007. Karnani Solvex has 4 board changes on record in total.
Yes, Karnani Solvex is registered as a medium enterprise under Udyam registration (number: UDYAM-RJ-17-0158953).