MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-20-0084976
Nexgenix Solar Manufacturing Private Limited
Nexgenix Solar Manufacturing Private Limited - energy and power in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹169.47 Cr
▲ 795848% YoY
Net profit · FY 2024
₹3.17 Cr
Net margin 1.9%
EBITDA · FY 2024
₹7.18 Cr
EBITDA margin 4.2%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹9 Cr
Issued & subscribed
Open charges
₹35 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
About Nexgenix Solar Manufacturing Private Limited
Data last updated:
Nexgenix Solar Manufacturing Private Limited is a private limited company based in Rajkot, Gujarat, India, a subsidiary of Onix Structure Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 19 March 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40109GJ2021PTC121365. Its GSTIN is 24AADCO4221B1Z6 (Gujarat).
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹9 Cr. It is led by directors Piyush Mansukhbhai Savalia and Khilan Hareshbhai Savaliya.
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 Plot No. P – 212 B Gate No.2 Lodhika GIDC Metoda, Rajkot, Gujarat, India – 360035.
As per the financials filed for FY 2024, the company reported a revenue of ₹169.47 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.17 Cr (net margin 1.9%) and EBITDA of ₹7.18 Cr (EBITDA margin 4.2%).
As per MCA filings, the company has open charges of ₹35 Cr on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹8.99 Cr; the latest was in March 2024. Its 8 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 5 larger and 3 smaller; the largest is Elins Switch Boards Private Limited with revenue of ₹173.47 Cr.
Nexgenix Solar Manufacturing Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0084976).
Company details
CIN U40109GJ2021PTC121365
Registration Number 121365
Incorporation Date 19 March 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Onix Structure Private Limited
MSME Classification MSME
Udyam Registration UDYAM-GJ-20-0084976
Recognitions & Rankings of Nexgenix Solar Manufacturing
Contact details
Nexgenix Solar Manufacturing Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPlot No. P – 212 B Gate No.2 Lodhika GIDC Metoda, Rajkot, Gujarat, India – 360035
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Nexgenix Solar Manufacturing Private Limited, buy the company report.
Comprehensive company report
Nexgenix Solar Manufacturing Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Nexgenix Solar Manufacturing 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 Nexgenix Solar Manufacturing Private Limited, buy the company report.
Financials of Nexgenix Solar Manufacturing Private Limited
FY 2024 filings availableNexgenix Solar Manufacturing Private Limited reported revenue of ₹169.47 Cr (up 795848% YoY) for FY 2024.
Revenue · FY 2024
₹169.47 Cr ▲ 795848%
Net profit · FY 2024
₹3.17 Cr margin 1.9%
EBITDA · FY 2024
₹7.18 Cr margin 4.2%
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹7.18 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹3.17 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.2% | |||
| Net Profit Margin | 1.9% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
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| Asset Turnover | ||||
| Receivable Days | ||||
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| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Nexgenix Solar Manufacturing Private Limited, buy the company report.
Board of directors of Nexgenix Solar Manufacturing Private Limited
Nexgenix Solar Manufacturing has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Mansukhbhai Savalia | Director | 01 Nov 2025 | 0 Years 11 Months | Current |
| Khilan Hareshbhai Savaliya Also directs: Onix E-Mobility Limited, Elix Solar Technology Limited, Gridwave Energy Private Limited and 3 more | Director | 19 Mar 2021 | 5 Years 7 Months | Current |
Peer comparison
Nexgenix Solar Manufacturing Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Elins Switch Boards Private Limited | ₹173.47 Cr (FY 2025) | -26.0% | Bangalore, Karnataka, India | |||
| Arrow Electricals India Limited | ₹173.45 Cr (FY 2025) | 19.0% | Palghar, Maharashtra, India | |||
| Marsons Limited | ₹171.77 Cr (FY 2025) | 2494.0% | Kolkata, West Bengal, India | |||
| Power Engineering (India) Private Limited | ₹171.74 Cr (FY 2025) | -3.0% | Pedne, Goa, India | |||
| Asbesco (India) Pvt Ltd | ₹171.29 Cr (FY 2025) | 47.0% | Kolkata, West Bengal, India | |||
| Nexgenix Solar Manufacturing Private Limitedthis company | ₹169.47 Cr (FY 2024) | ₹3.17 Cr | 1.9% | 795848.0% | Rajkot, Gujarat, India | |
| Vishvas Power Engineering Services Private Limited | ₹167.37 Cr (FY 2025) | 4.0% | Nagpur, Maharashtra, India | |||
| Honeywell Electrical Devices and Systems India Limited | ₹162.63 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Microtek Himachal Power Products Private Limited | ₹160.63 Cr (FY 2022) | New Delhi, Delhi, India |
To see the full peer comparison of Nexgenix Solar Manufacturing Private Limited, buy the company report.
Auditor
Nexgenix Solar Manufacturing Private Limited is audited by P. U. NENSONAIYA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. U. NENSONAIYA & CO. | FY 2023 | 126071 |
Shareholding
The shareholding of Nexgenix Solar Manufacturing Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Nexgenix Solar Manufacturing Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2023 | 100681138 | Canara Bank | ₹35 Cr | Open |
To see the full charge records of Nexgenix Solar Manufacturing Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Nexgenix Solar Manufacturing Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹8.99 Cr; the latest was in March 2024.
Total deals
1
Funding round
1
Disclosed funding
₹8.99 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹8.99 Cr | Investors: Onix Structure Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Nexgenix Solar Manufacturing Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nexgenix Solar Manufacturing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nexgenix Solar Manufacturing Private Limited has 1 active EPFO establishment as of Apr 03, 2024.
Active EPFO establishments
1
GST
Nexgenix Solar Manufacturing has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCO4221B1Z6 | Gujarat | Active | 07 Jan 2023 |
To see the full GST registrations and return filing status of Nexgenix Solar Manufacturing Private Limited, buy the company report.
Recent activity
Nexgenix Solar Manufacturing Private Limited has 3 board changes on record since 2021: 2 appointments and 1 cessation. The latest: Nikhil Hareshbhai Savaliya ceased to be Director on 03 Nov 2025.
Ceased
Nikhil Hareshbhai Savaliya ceased to be Director.
Appointed
Piyush Mansukhbhai Savalia was appointed as Director.
AGM
Nexgenix Solar Manufacturing Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Nexgenix Solar Manufacturing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Canara Bank of Rs. 35.00 Cr registered on 24 Jan 2023 with Charge ID 100681138 was modified on 30 Jan 2023.
Charges
A charge with Canara Bank amounted to Rs. 35.00 Cr with Charge ID 100681138 was registered on 24 Jan 2023.
Appointed
Khilan Hareshbhai Savaliya was appointed as Director.
Incorporation
19 Mar 2021
Nexgenix Solar Manufacturing Private Limited was registered on 19 Mar 2021 with Roc Ahmedabad & aged 5 years 7 months as per MCA records.
Frequently asked questions
Nexgenix Solar Manufacturing is an active private limited company based in Rajkot, Gujarat, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 19 March 2021 (5+ years old) and is registered under CIN U40109GJ2021PTC121365.
Nexgenix Solar Manufacturing has 2 current directors:
- Piyush Mansukhbhai Savalia - Director
- Khilan Hareshbhai Savaliya - Director
The latest financial statements of Nexgenix Solar Manufacturing 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 FY 2021 are in the company report.
The GSTIN of Nexgenix Solar Manufacturing is 24AADCO4221B1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Nexgenix Solar Manufacturing is U40109GJ2021PTC121365. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nexgenix Solar Manufacturing was incorporated on 19 March 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Nexgenix Solar Manufacturing has 1 deal on record (1 funding round), with disclosed funding of ₹8.99 Cr; the latest was in March 2024.
The peers of Nexgenix Solar Manufacturing by revenue are Elins Switch Boards Private Limited, Arrow Electricals India Limited, Marsons Limited, Power Engineering (India) Private Limited, Asbesco (India) Pvt Ltd and 3 more, 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).
Nikhil Hareshbhai Savaliya ceased to be Director on 03 Nov 2025. Piyush Mansukhbhai Savalia was appointed as Director on 01 Nov 2025. Khilan Hareshbhai Savaliya was appointed as Director on 19 Mar 2021.
Yes, Nexgenix Solar Manufacturing is registered as an MSME under Udyam registration (number: UDYAM-GJ-20-0084976).
The registered office of Nexgenix Solar Manufacturing is at Plot No. P – 212 B Gate No.2 Lodhika GIDC Metoda, Rajkot, Gujarat, India – 360035.