About Kirti Solvex Limited
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Kirti Solvex Limited is a public limited company based in Latur, Maharashtra, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 31 January 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15143MH1997PLC105572. Its GSTIN is 27AAACK7419E1ZN (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.86 Cr. It is led by directors including Kirtikumar Vishnudas Bhutada and Shivram Vitthal Gaikwad.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 78C Market Yardlatur, Maharashtra, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.62 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Cr (net margin 47%) and EBITDA of ₹1.72 Cr (EBITDA margin 65.8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 5% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹32.39 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kirtigroup.com.
Company details
CIN history
Kirti Solvex has one previous CIN (Corporate Identification Number): U15143MH1997PTC105572. The current CIN is U15143MH1997PLC105572, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15143MH1997PLC105572 | Current |
| U15143MH1997PTC105572 | Previous |
Contact details
Kirti Solvex Limited's registered office is in Latur, Maharashtra. Its website is kirtigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address78C Market Yardlatur, Maharashtra, India
- IndustryAgriculture, Agro Retail & Distribution, Seed Production & Distribution
To see the full contact details of Kirti Solvex 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
Business activity
The main business activity of Kirti 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 Kirti Solvex Limited, buy the company report.
Financials of Kirti Solvex Limited
FY 2024 filings availableKirti Solvex Limited reported revenue of ₹2.62 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 7% 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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| EBITDA | ₹1.72 Cr | ||||
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| Net Profit (PAT) | ₹1.23 Cr | ||||
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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 | 65.8% | ||||
| Net Profit Margin | 47% | ||||
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To see the full financial statements and ratios of Kirti Solvex Limited, buy the company report.
Board of directors of Kirti Solvex Limited
Kirti Solvex has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chanda Satishkumar Bhutada | Additional Director | 16 Jun 2020 | 6 Years 4 Months | Current |
| Kirtikumar Vishnudas Bhutada | Director | 31 Jan 1997 | 29 Years 8 Months | Current |
| Bharat Abhimanu Chikate | Additional Director | 29 Apr 2023 | 3 Years 5 Months | Current |
| Shivram Vitthal Gaikwad | Director | 03 Dec 2012 | 13 Years 10 Months | Current |
| Ankit Bhutada | Additional Director | 17 Aug 2017 | 9 Years 2 Months | Current |
| Anand Satishkumar Bhutada | Additional Director | 17 Aug 2017 | 9 Years 2 Months | Current |
Auditor
Kirti Solvex Limited is audited by Shrenik V Gandhi & Co for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shrenik V Gandhi & Co | FY 2022 | 125284W |
Shareholding
The shareholding of Kirti Solvex Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kirti Solvex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2010 | 10213129 | Union Bank of India | ₹17 Cr | Satisfied | |
| 11 Dec 2006 | 10032092 | Solapur Janata Sahakari Bank Limited | ₹6 Cr | Satisfied | |
| 30 Oct 2004 | 90145483 | Solapur Janata Sahakari Bank Ltd. | ₹3 Cr | Satisfied | |
| 08 Nov 2002 | 90144162 | Solapur Janata Sahakari Bank Ltd. | ₹1.5 Cr | Satisfied | |
| 27 Mar 2002 | 90143825 | Solapur Janata Sahakari Bank Ltd. | ₹2 Cr | Satisfied |
To see the full charge records of Kirti Solvex Limited, buy the company report.
Total charge records: 8 View all charges
Legal cases
Kirti Solvex Limited has 6 court cases on record: 2 filed by Kirti Solvex, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax(Central),Nagpur | Disposed |
| District court, Latur, Maharashtra | Civil suit | Filed by the company against individuals | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissione of Income Tax Central | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income Tax | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. WCA G) | Filed against the company by an individual | Disposed |
To see the full case history of Kirti Solvex 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kirti Solvex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kirti Solvex Limited has a workforce of 56 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Kirti Solvex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACK7419E1ZN | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kirti Solvex Limited, buy the company report.
Recent activity
Kirti Solvex Limited has 11 board changes on record since 1997: 6 appointments and 5 cessations. The latest: Bharat Abhimanu Chikate was appointed as Additional Director on 29 Apr 2023.
20 earlier events are in the company report.
Frequently asked questions
Kirti Solvex is an active public limited company based in Latur, Maharashtra, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 31 January 1997 (29+ years old) and is registered under CIN U15143MH1997PLC105572.
Kirti Solvex has 6 current directors:
- Chanda Satishkumar Bhutada - Additional Director
- Kirtikumar Vishnudas Bhutada - Director
- Bharat Abhimanu Chikate - Additional Director
- Shivram Vitthal Gaikwad - Director
- Ankit Bhutada - Additional Director
- Anand Satishkumar Bhutada - Additional Director
The latest financial statements of Kirti Solvex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Kirti Solvex is 27AAACK7419E1ZN, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kirti Solvex is U15143MH1997PLC105572. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kirti Solvex has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the high courts.
Kirti Solvex was incorporated on 31 January 1997, making it 29+ years old. It is registered with the Registrar of Companies, Mumbai.
Bharat Abhimanu Chikate was appointed as Additional Director on 29 Apr 2023. Chanda Satishkumar Bhutada was appointed as Additional Director on 16 Jun 2020. Kamladevi Vishnudas Bhutada ceased to be Additional Director on 08 Nov 2019. Kirti Solvex has 11 board changes on record in total.
Kirti Solvex can be reached through the website kirtigroup.com. Its registered office is in Latur, Maharashtra, India.
The registered office of Kirti Solvex is at 78C Market Yardlatur, Maharashtra, India.