Narendra Solvex Private Limited
About Narendra Solvex Private Limited
Data last updated:
Narendra Solvex Private Limited is a private limited company based in Amravati, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the power transmission and distribution services segment of the energy and power sector. It was incorporated on 05 June 1991.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15140MH1991PTC061956. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.95 Cr. It was formerly known as Narendra Solvex Limited. It is led by directors including Navalkumar Deokaranji Bhoot (Managing Director) and Narendrakumar Deokaranji Bhoot.
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 Deegee House Jaistambh Chowk Rallies Plot, Amravati, Maharashtra, India – 444601.
As per the financials filed for FY 2019, the company reported a revenue of ₹58.05 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹9.23 Lakh (net margin 15.9%) and EBITDA of ₹55.38 Lakh (EBITDA margin 95.4%). Revenue has grown at a compounded annual rate (CAGR) of 393% over three years.
As per MCA filings, the company has open charges of ₹278.8 Cr and satisfied charges of ₹23 Cr on record. Court records list 40 cases involving the company, including 31 filed by the company and 9 filed against it; 5 cases are pending.
Company details
Contact details
Narendra Solvex Private Limited's registered office is in Amravati, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDeegee House Jaistambh Chowk Rallies Plot, Amravati, Maharashtra, India – 444601
- IndustryEnergy and Power, Power Transmission & Distribution Services
To see the full contact details of Narendra Solvex 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
Financials of Narendra Solvex Private Limited
FY 2019 filings availableNarendra Solvex Private Limited reported revenue of ₹58.05 Lakh (up 3192% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 393% over three years. 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 | ₹58.05 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55.38 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95.4% | ||||
| Net Profit Margin | 15.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Narendra Solvex Private Limited, buy the company report.
Board of directors of Narendra Solvex Private Limited
Narendra Solvex has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendrakumar Deokaranji Bhoot Also directs: Deegee Textiles Private Limited | Director | 05 Jun 1991 | 35 Years 4 Months | As last reported |
| Santoshkumar Deokaranji Bhoot | Director | 05 Jun 1991 | 35 Years 4 Months | As last reported |
| Navalkumar Deokaranji Bhoot | Managing Director | 05 Jun 1991 | 35 Years 4 Months | As last reported |
Peer comparison
Narendra Solvex Private Limited is compared with the 10 companies closest to it by revenue in the Power industry (Power Trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sampati Merchants Private Limited | ₹73.68 Lakh (FY 2024) | -19.0% | Guwahati, Assam, India | |||
| Prasidh Power Trading Private Limited | ₹70.86 Lakh (FY 2024) | 11.0% | Mumbai, Maharashtra, India | |||
| Issb Technologies Private Limited | ₹65.57 Lakh (FY 2021) | -40.0% | Sriperumbudur, Tamil Nadu, India | |||
| Spice Energy Private Limited | ₹62.6 Lakh (FY 2025) | 2059.0% | New Delhi, Delhi, India | |||
| Essential Knitwears India Private Limited | ₹59.78 Lakh (FY 2024) | 24.0% | Coimbatore, Tamil Nadu, India | |||
| Narendra Solvex Private Limitedthis company | ₹58.05 Lakh (FY 2019) | ₹9.23 Lakh | 15.9% | 3192.0% | Amravati, Maharashtra, India | |
| Shivshakti Urja Private Limited | ₹57.16 Lakh (FY 2025) | -4.0% | Mumbai, Maharashtra, India | |||
| Jubic Power Private Limited | ₹56.34 Lakh (FY 2024) | 1474.0% | Ahmedabad, Gujarat, India | |||
| Gopal Engineering Power Private Limited | ₹54.92 Lakh (FY 2025) | Almora, Uttarakhand, India | ||||
| Cosmos Iron and Power Private Limited | ₹52.35 Lakh (FY 2025) | 7.0% | Singrauli, Madhya Pradesh, India | |||
| Binjj Systems Private Limited | ₹52.06 Lakh (FY 2025) | -8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Narendra Solvex Private Limited, buy the company report.
Auditor
Narendra Solvex Private Limited is audited by R R KHANDELWAL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R KHANDELWAL & CO | FY 2019 | 105055W |
Shareholding
The shareholding of Narendra Solvex Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Narendra Solvex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Mar 2013 | 10421876 | Shikshak Sahakari Bank Ltd | ₹3.2 Cr | Open | |
| 17 Nov 2007 | 10077990 | Phoenix Arc Private Limited | ₹111.75 Cr | Open | |
| 28 Nov 2006 | 10032401 | Uco Bank | ₹5 Cr | Open | |
| 30 Nov 2005 | 10059574 | Uco Bank | ₹28.9 Cr | Open | |
| 30 Nov 2005 | 10074721 | Uco Bank | ₹40 Cr | Open |
To see the full charge records of Narendra Solvex Private Limited, buy the company report.
Total charge records: 16 View all charges
Legal cases
Narendra Solvex Private Limited has 40 court cases on record: 31 filed by Narendra Solvex, 9 filed against it. 5 cases are pending and 35 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 4 | 2 |
| High courts | 13 | 4 | 0 |
| NCLAT | 6 | 1 | 3 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 40)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Narendra Vegetable Products Pvt. Ltd. & Ors. and 2 others | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Idbi Bank Ltd. and 12 others | Pending |
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against M/S Narendra Vegetable Products Pvt. Ltd. & Ors | Disposed |
| Bombay High Court | Court case (RC) | Filed by the company against Coal India Ltd., Kokata Through Its Chairman and 3 others | Disposed |
| District court, Amravati, Maharashtra | Civil suit | Filed by the company against The New India Assurance Co. Ltd. and 3 others | Disposed |
To see the full case history of Narendra 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Narendra Solvex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Narendra Solvex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Narendra Solvex Private Limited, buy the company report.
Recent activity
Narendra Solvex Private Limited has 4 board changes on record since 1991: 3 appointments and 1 cessation. The latest: Manoharlal Deokaranji Bhoot ceased to be Director on 05 Sep 2013.
21 earlier events are in the company report.
Frequently asked questions
Narendra Solvex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Narendra Solvex is a company under liquidation, formerly operating as a private limited company based in Amravati, Maharashtra, India. The company works in power transmission and distribution services, within the energy and power industry. It was incorporated on 05 June 1991 and is registered under CIN U15140MH1991PTC061956. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Narendra Solvex has 3 current directors:
- Navalkumar Deokaranji Bhoot - Managing Director
- Narendrakumar Deokaranji Bhoot - Director
- Santoshkumar Deokaranji Bhoot - Director
The latest financial statements of Narendra Solvex 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 CIN (Corporate Identification Number) of Narendra Solvex is U15140MH1991PTC061956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narendra Solvex has open charges of ₹278.8 Cr and satisfied charges of ₹23 Cr as per latest MCA filings.
Narendra Solvex has 40 court cases on record: 31 filed by the company and 9 filed against it. 5 are pending. Most are in the district courts.
Narendra Solvex was incorporated on 05 June 1991. It is registered with the Registrar of Companies, Mumbai.
The peers of Narendra Solvex by revenue are Sampati Merchants Private Limited, Prasidh Power Trading Private Limited, Issb Technologies Private Limited, Spice Energy Private Limited, Essential Knitwears India Private Limited and 5 more, all in the Power industry (Power Trading).
Manoharlal Deokaranji Bhoot ceased to be Director on 05 Sep 2013. Narendrakumar Deokaranji Bhoot was appointed as Director on 05 Jun 1991. Navalkumar Deokaranji Bhoot was appointed as Managing Director on 05 Jun 1991. Narendra Solvex has 4 board changes on record in total.
The registered office of Narendra Solvex is at Deegee House Jaistambh Chowk Rallies Plot, Amravati, Maharashtra, India – 444601.