About Patel Solartech Private Limited
Data last updated:
Patel Solartech Private Limited is a private limited company based in Ten, Gujarat, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 22 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40106GJ2018PTC102976. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Kevin Mukundbhai Patel and Minalben Pinkeshbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Shop No. 1 2 3 Vitoriya Avenue First Floor Ta. Bardoli, Ten, Gujarat, India – 394601.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.11 Cr, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹68,593 (net margin -0.6%) and EBITDA of ₹25.74 Lakh (EBITDA margin 23.2%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years.
Court records list 3 cases involving the company, including 2 filed against it; 2 cases are pending.
For more details, the company can be reached via its website patsol.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No. 1 2 3 Vitoriya Avenue First Floor Ta. Bardoli, Ten, Gujarat, India – 394601
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Patel Solartech Private Limited
The main business activity of Patel Solartech is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Patel Solartech Private Limited FY 2023 filings available
Patel Solartech Private Limited reported revenue of ₹1.11 Cr (down 82% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Patel Solartech Private Limited
Revenue fell 82% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 68%. EBITDA rose 44% 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 of Patel Solartech Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹1.11 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹25.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹68,593 | •••• | •••• | •••• | •••• |
| 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 of Patel Solartech Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Patel Solartech are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Patel Solartech Private Limited
Patel Solartech Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kallaji Industry Private Limited | ₹1.11 Cr (FY 2025) | •••• | •••• | -81.0% | •••• | Noida, Uttar Pradesh, India |
| CSW Infra Private Limited | ₹1.11 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Pune, Maharashtra, India |
| Stergy Cleantech Private Limited | ₹1.11 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Alappuzha, Kerala, India |
| Sunash Techno Solutions Private Limited | ₹1.11 Cr (FY 2023) | •••• | •••• | -9.0% | •••• | Chennai, Tamil Nadu, India |
| Vinmar Overseas Private Limited | ₹1.11 Cr (FY 2019) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Patel Solartech Private Limited this company | ₹1.11 Cr (FY 2023) | •••• | •••• | -82.0% | •••• | Ten, Gujarat, India |
| Puniani Projects Private Limited | ₹1.11 Cr (FY 2023) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Power Origins Private Limited | ₹1.11 Cr (FY 2021) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Athentic Overseas Private Limited | ₹1.11 Cr (FY 2024) | •••• | •••• | 66.0% | •••• | Udupi, Karnataka, India |
| S.G.J. Infotech Private Limited | ₹1.11 Cr (FY 2019) | •••• | •••• | 5.0% | •••• | Palayamkottai, Tamil Nadu, India |
| Elite Screens and Allied Products Private Limited | ₹1.11 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Coimbatore, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Patel Solartech by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Patel Solartech Private Limited
Patel Solartech Private Limited is audited by SMVA & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SMVA & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Patel Solartech Private Limited
Patel Solartech has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kevin Mukundbhai Patel Also directs: Patsol Clothing Private Limited | Director | 26 Jul 2023 | 3 Years 2 Months | Current |
| Minalben Pinkeshbhai Patel Also directs: Patsol Solar Academy LLP, Patsol Clothing Private Limited, Global Business Surat Private Limited and 1 more | Director | 30 Sep 2019 | 7 Years 0 Months | Current |
| Pinkeshkumar Punambhai Patel Also directs: Patsol Solar Academy LLP, Patsol Chemical Private Limited, Patsol Clothing Private Limited and 2 more | Director | 22 Jun 2018 | 8 Years 3 Months | Current |
Ownership and Shareholding of Patel Solartech Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Patel Solartech Private Limited
Patel Solartech Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Patel Solartech Private Limited
Patel Solartech Private Limited has 3 court cases on record: 2 filed against it, 1 where it is another party. 2 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by an individual | Pending |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Company is another party | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Patel Solartech Private Limited
Employment history and EPFO contributions of people linked to Patel Solartech.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Patel Solartech Private Limited
Patel Solartech Private Limited has 8 board changes on record since 2018: 3 appointments and 5 cessations. The latest: Manishbhai Rameshbhai Sanghani ceased to be Director on 20 Oct 2023.
Credit Ratings, Litigation & Regulatory Alerts for Patel Solartech Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Patel Solartech Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Patel Solartech Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Patel Solartech Private Limited
Patel Solartech has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Patel Solartech Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Patel Solartech Private Limited
Patel Solartech is an active private limited company based in Ten, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 22 June 2018 (8+ years old) and is registered under CIN U40106GJ2018PTC102976.
Patel Solartech reported revenue of ₹1.11 Cr for FY 2023 (down 82% YoY).
Patel Solartech has 3 current directors:
- Kevin Mukundbhai Patel - Director
- Minalben Pinkeshbhai Patel - Director
- Pinkeshkumar Punambhai Patel - Director
Patel Solartech reported a net loss of ₹68,593 (net margin -0.6%) and EBITDA of ₹25.74 Lakh (EBITDA margin 23.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Patel Solartech is 68% over three years. In the latest year (FY 2023) revenue fell 82%. CAGR is the steady yearly rate that links the first and the last year.
No. Patel Solartech has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Patel Solartech is U40106GJ2018PTC102976. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Patel Solartech has 3 court cases on record: 2 filed against it. 2 are pending.
Patel Solartech was incorporated on 22 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Patel Solartech by revenue are Kallaji Industry Private Limited, CSW Infra Private Limited, Stergy Cleantech Private Limited, Sunash Techno Solutions Private Limited, Vinmar Overseas Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).
Manishbhai Rameshbhai Sanghani ceased to be Director on 20 Oct 2023. Kevin Mukundbhai Patel was appointed as Director on 26 Jul 2023. Smit Jigneshkumar Patel ceased to be Director on 18 Oct 2021. Patel Solartech has 8 board changes on record in total.