About Photonix Solar Private Limited
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Photonix Solar Private Limited is a private limited company based in Wai, Maharashtra, India, a subsidiary of Prolific Enterprise Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 29 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29100PN2009PTC134397. Its GSTIN is 27AAFCP1614D1ZU (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.1 Cr and a paid-up capital of ₹2.98 Cr. It is led by directors Subhash Balkrushana Lad and Sunil Ramchand Gangwani.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at MIDC Wai Plot N0. B – 219 Wai, Maharashtra, India – 412803.
As per the financials filed for FY 2019, the company reported a revenue of ₹10.26 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹1.34 Cr and EBITDA of -₹15,420 (EBITDA margin -1.5%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 63% over five years.
The company is associated with 1 brand: Photonix Solar. As per MCA filings, the company has open charges of ₹33.33 Cr on record. Court records list 30 cases involving the company, including 2 filed by the company and 28 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website photonixsolar.com.
Company details
Contact details
Photonix Solar Private Limited's registered office is in Wai, Maharashtra. Its website is photonixsolar.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMIDC Wai Plot N0. B – 219 Wai, Maharashtra, India – 412803
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Photonix Solar Private 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
Brands
Photonix Solar operates one associated brand: Photonix Solar. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures solar photovoltaic modules. | photonixsolar.com |
Business activity
The main business activity of Photonix Solar is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Photonix Solar Private Limited, buy the company report.
Financials of Photonix Solar Private Limited
FY 2019 filings availablePhotonix Solar Private Limited reported revenue of ₹10.26 Lakh (down 89% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 89% fall in the latest year. EBITDA fell 101% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.26 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹15,420 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.34 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Short-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.5% | ||||
| Net Profit Margin | |||||
| 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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To see the full financial statements and ratios of Photonix Solar Private Limited, buy the company report.
Board of directors of Photonix Solar Private Limited
Photonix Solar has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subhash Balkrushana Lad | Additional Director | 11 Mar 2021 | 5 Years 7 Months | Current |
| Sunil Ramchand Gangwani Also directs: Sun Automation Limited | Additional Director | 07 Nov 2020 | 5 Years 11 Months | Current |
Peer comparison
Photonix Solar Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shri Bihariji Concrete & Poles Private Limited | ₹10.46 Lakh (FY 2025) | -47.0% | Shikohabad, Uttar Pradesh, India | |||
| Photonix Solar Private Limitedthis company | ₹10.26 Lakh (FY 2019) | -₹1.34 Cr | -89.0% | Wai, Maharashtra, India | ||
| Xylon Electrotechnic Private Limited | ₹10.26 Lakh (FY 2017) | 4.0% | Vadodara, Gujarat, India | |||
| Sang Won Machinery India Private Limited | ₹10.23 Lakh (FY 2022) | -94.0% | Andhra Pradesh, India |
To see the full peer comparison of Photonix Solar Private Limited, buy the company report.
Auditor
Photonix Solar Private Limited is audited by SANJAY VICHARE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAY VICHARE & CO | FY 2019 | 148656W |
Shareholding
The shareholding of Photonix Solar Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Photonix Solar Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2015 | 10608809 | Others | ₹3 Cr | Open | |
| 01 Dec 2015 | 10608812 | Others | ₹64 Lakh | Open | |
| 29 Dec 2014 | 10555450 | Others | ₹2.3 Cr | Open | |
| 25 Sep 2014 | 10523377 | Others | ₹1.4 Cr | Open | |
| 25 Sep 2014 | 10523380 | Others | ₹16 Lakh | Open |
To see the full charge records of Photonix Solar Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Photonix Solar Private Limited has 30 court cases on record: 2 filed by Photonix Solar, 28 filed against it. 10 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 30 | 28 | 10 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S. Religare Finvest Ltd. | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Anurita Enterprises Pvt. Ltd. | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by M/S. Religare Finvest Ltd. | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Religare Finvest Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by M/S. Shrinathji Forwarders Pvt Ltd | Disposed |
To see the full case history of Photonix Solar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Photonix Solar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Photonix Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP1614D1ZU | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Photonix Solar Private Limited, buy the company report.
Recent activity
Photonix Solar Private Limited has 7 board changes on record since 2010: 2 appointments and 5 cessations. The latest: Mayuresh Shantaram Shinde ceased to be Director on 11 Mar 2021.
24 earlier events are in the company report.
Frequently asked questions
Photonix Solar is an active private limited company based in Wai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 29 July 2009 (17+ years old) and is registered under CIN U29100PN2009PTC134397.
Photonix Solar has 2 current directors:
- Subhash Balkrushana Lad - Additional Director
- Sunil Ramchand Gangwani - Additional Director
The latest financial statements of Photonix Solar on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Photonix Solar is 27AAFCP1614D1ZU, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Photonix Solar is U29100PN2009PTC134397. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Photonix Solar has 30 court cases on record: 2 filed by the company and 28 filed against it. 10 are pending.
Photonix Solar was incorporated on 29 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Photonix Solar by revenue are Shri Bihariji Concrete & Poles Private Limited, Xylon Electrotechnic Private Limited, Sang Won Machinery India Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Mayuresh Shantaram Shinde ceased to be Director on 11 Mar 2021. Subhash Balkrushana Lad was appointed as Additional Director on 11 Mar 2021. Vinay Dattatraya Deshpande ceased to be Director on 20 Nov 2020. Photonix Solar has 7 board changes on record in total.
Photonix Solar can be reached through the website photonixsolar.com. Its registered office is in Wai, Maharashtra, India.
The registered office of Photonix Solar is at MIDC Wai Plot N0. B – 219 Wai, Maharashtra, India – 412803.