Kirti Solvex Limited - Company Profile

It is a agriculture public limited company based in Latur, Maharashtra, India, established in 1997.
1997 Latur, Maharashtra, India Active
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About Kirti Solvex Limited

Kirti Solvex Limited, a active public limited company, was established on 31 January 1997 in Latur, Maharashtra, India. Engaging in agro retail & distribution within the manufacturing sector, it holds CIN: U15143MH1997PLC105572. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹5.00 Cr and a paid-up capital of ₹2.86 Cr.

It upholds a compliant status. Employing 56 professional, Its leadership includes Chanda Satishkumar Bhutada (Additional Director), Kirtikumar Vishnudas Bhutada (Director), Bharat Abhimanu Chikate (Additional Director). Past directors included Kamladevi Vishnudas Bhutada, Bharatkumar Vishnudasji Bhutada, Angad Babruwan Gaikwad. It holds no open charges and ₹32.39 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 78C Market Yardlatur, Latur, Maharashtra.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U15143MH1997PLC105572

  • Registration Number

    105572

  • Incorporation Date

    31 January 1997

  • Authorized Capital

    ₹5.00 Cr

  • Paid-Up Capital

    ₹2.86 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 2.86 Cr
  • Company Age 29 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 32.39 Cr
  • Revenue Growth **** 29.25%
  • Profit Growth **** 22.89%
  • Ebitda **** 20.32%
  • Net Worth 10.31%
  • Total Assets **** 4.83%
Company report

Kirti Solvex Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Kirti Solvex Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Kirti Solvex Limited?
Current Directors
Name Designation Appointment Date Status
Chanda Satishkumar Bhutada Additional Director 16 Jun 2020 Current
Kirtikumar Vishnudas Bhutada Director 31 Jan 1997 Current
Bharat Abhimanu Chikate Additional Director 29 Apr 2023 Current
Shivram Vitthal Gaikwad Director 03 Dec 2012 Current
Ankit Bhutada Additional Director 17 Aug 2017 Current
Anand Satishkumar Bhutada Additional Director 17 Aug 2017 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 08 Nov 2019 Past
Pramod Abcsdd Managing Director 19 Aug 2017 Past
Pramod Abcsdd Additional Director 30 Sep 2015 Past
Pramod Abcsdd Additional Director 30 Sep 2013 Past
Pramod Abcsdd Director 19 Aug 2017 Past

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Financial Performance of Kirti Solvex.

Kirti Solvex Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 29.25% increase. The company also saw a substantial improvement in profitability, with a 22.89% increase in profit. The company's net worth Soared by an impressive increase of 10.31%.

Kirti Solvex revenue growth over time
Kirti Solvex profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 29.25%
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Revenue from Operations
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 30.99%
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Total Assets
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 4.83%
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Profit or Loss
*******
 22.89%
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Net Worth
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 10.31%
*******
*******
*******
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EBITDA
*******
 20.32%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Kirti Solvex?

In 2022, Kirti Solvex had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹323,900,000.00

Charges Breakdown by Lending Institutions
  • Union Bank Of India : 17.00 Cr
  • Solapur Janata Sahakari Bank Limited : 6.00 Cr
  • Solapur Janata Sahakari Bank Ltd. : 5.00 Cr
  • Janata Sahakari Bank Ltd. : 2.89 Cr
  • Solapur Janata Sahakari Bank Ltd. : 1.50 Cr
Latest Charge Details
Date Lender Amount Status
30 Mar 2010 Union Bank Of India ₹17.00 Cr Satisfied
11 Dec 2006 Solapur Janata Sahakari Bank Limited ₹6.00 Cr Satisfied
30 Oct 2004 Solapur Janata Sahakari Bank Ltd. ₹3.00 Cr Satisfied
08 Nov 2002 Solapur Janata Sahakari Bank Ltd. ₹1.50 Cr Satisfied
27 Mar 2002 Solapur Janata Sahakari Bank Ltd. ₹2.00 Cr Satisfied

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How Many Employees Work at Kirti Solvex?

Kirti Solvex has a workforce of 56 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Kirti Solvex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Kirti Solvex's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Kirti Solvex
Recent Activity within the Organization
  • Annual General Meeting

    Kirti Solvex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Progress on Kirti Solvex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was documented.

  • Director Appointment

    Bharat Abhimanu Chikate was appointed as a Additional Director was appointed as a Additional Director on 29 Apr 2023 & has been associated with this company since 3 years 1 month . was recorded as a recent event.

  • Director Appointment

    Progress on Chanda Satishkumar Bhutada was appointed as a Additional Director was appointed as a Additional Director on 16 Jun 2020 & has been associated with this company since 5 years 11 months . was documented.

  • Director Appointment

    Ankit Bhutada was appointed as a Additional Director was appointed as a Additional Director on 17 Aug 2017 & has been associated with this company since 8 years 9 months . was recorded as a recent event.

  • Director Appointment

    Anand Satishkumar Bhutada was appointed as a Additional Director was appointed as a Additional Director on 17 Aug 2017 & has been associated with this company since 8 years 9 months . was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Kirti Solvex Limited?

The CIN of Kirti Solvex Limited is U15143MH1997PLC105572.

Where is Kirti Solvex Limited headquartered?

Kirti Solvex Limited is headquartered at 78C Market Yardlatur, Latur, Maharashtra.

When was Kirti Solvex Limited incorporated?

Kirti Solvex Limited was incorporated on 31 January 1997.

Who are the current directors of Kirti Solvex Limited?

The current directors of Kirti Solvex Limited are

What is the primary industry of Kirti Solvex Limited?

The primary industry of Kirti Solvex Limited is Manufacturing.

Is Kirti Solvex Limited a listed company?

Kirti Solvex Limited is unlisted.

What is the capital structure of Kirti Solvex Limited?

The authorized capital of Kirti Solvex Limited is ₹5.00 Cr, and the paid-up capital is ₹2.86 Cr.

What is the compliance status of Kirti Solvex Limited?

The compliance status of Kirti Solvex Limited is Compliant.

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