About Narmada Solvex Private Limited
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Narmada Solvex Private Limited is a private limited company based in Akola, Maharashtra, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 19 December 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65920MH1995PTC095486. Its GSTIN is 27AAACR8030J1ZC (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹9.15 Cr and a paid-up capital of ₹6.2 Cr. It was formerly known as Ruhatiya Finance Private Limited. It is led by directors including Shivprakash Kaluram Ruhatiya (Managing Director) and Shriprakash Kaluram Agrawal (Whole-Time Director).
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 Kirana Bazar, Akola, Maharashtra, India – 444001.
As per the financials filed for FY 2025, the company reported a revenue of ₹375.98 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹43.62 Lakh (net margin 0.1%) and EBITDA of ₹10.08 Cr (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 2% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹247.89 Cr and satisfied charges of ₹132.99 Cr on record. Court records list 124 cases involving the company, including 113 filed by the company and 11 filed against it; 29 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.04 Cr; the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ruhatiyagroup.com.
Company details
Contact details
Narmada Solvex Private Limited's registered office is in Akola, Maharashtra. Its website is ruhatiyagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKirana Bazar, Akola, Maharashtra, India – 444001
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Narmada 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
Business activity
The main business activities of Narmada Solvex are manufacturing and wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers other manufacturing and wholesale trade, except of motor vehicles and motorcycles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 32 | Other manufacturing | |
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Narmada Solvex Private Limited, buy the company report.
Financials of Narmada Solvex Private Limited
FY 2024 filings availableNarmada Solvex Private Limited reported revenue of ₹375.98 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 23% fall in the latest year. EBITDA rose 18% 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 | ₹10.08 Cr | ||||
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| Net Profit (PAT) | ₹43.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Narmada Solvex Private Limited, buy the company report.
Board of directors of Narmada Solvex Private Limited
Narmada Solvex has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shriprakash Kaluram Agrawal Also directs: Kaluram Laminates Private Limited | Whole-Time Director | 19 Dec 1995 | 30 Years 10 Months | Current |
| Shivprakash Kaluram Ruhatiya Also directs: Ruhatiya Cotton and Metal Private Limited, Kaluram Food Products Private Limited, Ruhatiya Spinners Private Limited and 5 more | Managing Director | 19 Dec 1995 | 30 Years 10 Months | Current |
| Vinodkumar Kesharlal Jain | Director | 31 Oct 2025 | 0 Years 11 Months | Current |
Auditor
Narmada Solvex Private Limited is audited by SUPRIYA S AGRAWAL AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUPRIYA S AGRAWAL AND ASSOCIATES | FY 2023 | 147730W |
Shareholding
The shareholding of Narmada Solvex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Narmada Solvex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2023 | 100741935 | Hdfc Bank Limited | ₹70 Cr | Open | |
| 16 Mar 2023 | 100715012 | Hdfc Bank Limited | ₹35.95 Cr | Open | |
| 16 Mar 2023 | 100715013 | Hdfc Bank Limited | ₹43.94 Cr | Open | |
| 16 Mar 2023 | 100715016 | Hdfc Bank Limited | ₹78 Cr | Open | |
| 02 Jan 2019 | 100235510 | Others | ₹20 Cr | Open |
To see the full charge records of Narmada Solvex Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Narmada Solvex Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.04 Cr; the latest was in March 2024.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: Shivprakash K. Ruhatiya HUF, an individual Seller: Shivprakash Kaluram Agarwal HUF, an individual |
| Apr 2015 | Funding round | ₹2.05 Cr | Investors: Sanjayprakash Kaluram Ruhatiya HUF, Ajayprakash Kaluram Agrawal HUF, Shivprakash Kaluram Agarwal HUF, an individual |
| Nov 2008 | Funding round | ₹2.99 Cr | Investors: Ruhatiya Spinners Private Limited , Ruhatiya Cotton and Metal Private Limited , 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Narmada Solvex Private Limited has 124 court cases on record: 113 filed by Narmada Solvex, 11 filed against it. 29 cases are pending and 95 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 103 | 8 | 18 |
| High courts | 21 | 3 | 11 |
Cases on record (5 of 124)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Akola, Maharashtra | Court case (Spl .Dkst) | Filed by the company against Union Bank of India Through Its Chief Manager | Pending |
| District court, Akola, Maharashtra | Civil suit | Filed by the company against Mahakali Foods Pvt. Ltd A Company Represented by Pankaj Saha | Pending |
| District court, Akola, Maharashtra | Civil suit | Filed by the company against Smart Agro Feeds Pvt. Ltd. and 4 others | Disposed |
| District court, Akola, Maharashtra | Commercial matter | Filed against the company by Union Bank of India Branch at Akola Through Its Chief Manager | Pending |
| District court, Erode, Tamil Nadu | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Narmada 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
Narmada Solvex Private Limited was last rated by Crisil on 17 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Dec 2020 |
To see the full credit ratings and regulatory alerts of Narmada Solvex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Narmada Solvex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Narmada Solvex Private Limited has a workforce of 26 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Narmada Solvex has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8030J1ZC | Maharashtra | Active | 01 Jul 2017 |
| 27AAACR8030J2ZB | Maharashtra | Active | 15 Mar 2025 |
| 19AAACR8030J1Z9 | West Bengal | Active | 21 Mar 2022 |
To see the full GST registrations and return filing status of Narmada Solvex Private Limited, buy the company report.
Recent activity
Narmada Solvex Private Limited has 7 board changes on record since 1995: 5 appointments and 2 cessations. The latest: Vinodkumar Kesharlal Jain was appointed as Director on 31 Oct 2025.
16 earlier events are in the company report.
Frequently asked questions
Narmada Solvex is an active private limited company based in Akola, Maharashtra, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 19 December 1995 (31+ years old) and is registered under CIN U65920MH1995PTC095486.
Narmada Solvex has 3 current directors:
- Shivprakash Kaluram Ruhatiya - Managing Director
- Shriprakash Kaluram Agrawal - Whole-Time Director
- Vinodkumar Kesharlal Jain - Director
The latest financial statements of Narmada 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 Narmada Solvex is 27AAACR8030J1ZC, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACR8030J2ZB (Maharashtra), 19AAACR8030J1Z9 (West Bengal).
The CIN (Corporate Identification Number) of Narmada Solvex is U65920MH1995PTC095486. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Narmada Solvex has 124 court cases on record: 113 filed by the company and 11 filed against it. 29 are pending. Most are in the district courts.
Narmada Solvex was incorporated on 19 December 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Narmada Solvex has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹5.04 Cr; the latest was in March 2024.
Vinodkumar Kesharlal Jain was appointed as Director on 31 Oct 2025. Saurabh Shriprakash Ruhatiya ceased to be Whole-Time Director on 01 May 2011. Siddharth Shivprakash Ruhatiya ceased to be Whole-Time Director on 01 May 2011. Narmada Solvex has 7 board changes on record in total.
Narmada Solvex can be reached through the website ruhatiyagroup.com. Its registered office is in Akola, Maharashtra, India.