About Photonix Solar Private Limited
Data last updated:
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 29 cases involving the company, including 2 filed by the company and 27 filed against it; 9 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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMIDC Wai Plot N0. B – 219 Wai, Maharashtra, India – 412803
- IndustryEnergy and Power, Power Equipment Manufacturers
- 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
Associated Brands with Photonix Solar Private Limited
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 of Photonix Solar Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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 Photonix Solar Private Limited FY 2019 filings available
Photonix Solar Private Limited reported revenue of ₹10.26 Lakh (down 89% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Photonix Solar Private Limited
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 of Photonix Solar Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Photonix Solar Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Photonix Solar are in the company report.
Financial statements from 2015
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.
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 of Photonix Solar Private Limited
Photonix Solar Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asknbid Innovation Factory India Private Limited | ₹10.49 Lakh (FY 2024) | •••• | •••• | -49.0% | •••• | Kakinada, Andhra Pradesh, India |
| Shri Bihariji Concrete & Poles Private Limited | ₹10.46 Lakh (FY 2025) | •••• | •••• | -47.0% | •••• | Shikohabad, Uttar Pradesh, India |
| RSTH Automation Private Limited | ₹10.41 Lakh (FY 2024) | •••• | •••• | -71.0% | •••• | Delhi, India |
| Anant Global Energy Private Limited | ₹10.36 Lakh (FY 2025) | •••• | •••• | 30.0% | •••• | Indore, Madhya Pradesh, India |
| Orrish Drive Systems Private Limited | ₹10.31 Lakh (FY 2021) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Photonix Solar Private Limited this company | ₹10.26 Lakh (FY 2019) | •••• | •••• | -89.0% | •••• | Wai, Maharashtra, India |
| Xylon Electrotechnic Private Limited | ₹10.26 Lakh (FY 2017) | •••• | •••• | 4.0% | •••• | Vadodara, Gujarat, India |
| Spiraltech Enginneering Private Limited | ₹10.23 Lakh (FY 2025) | •••• | •••• | 140.0% | •••• | Gurugram, Haryana, India |
| Sang Won Machinery India Private Limited | ₹10.23 Lakh (FY 2022) | •••• | •••• | -94.0% | •••• | Andhra Pradesh, India |
| Shvira Enterprises Private Limited | ₹10.2 Lakh (FY 2025) | •••• | •••• | 34.0% | •••• | Delhi, India |
| Singhal Electrical Control Private Limited | ₹10.07 Lakh (FY 2024) | •••• | •••• | 5.0% | •••• | Gautam Budh Nagar, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Photonix Solar by revenue in the Power industry (Power Equipment Manufacturers), 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 Photonix Solar Private Limited
Photonix Solar Private Limited is audited by SANJAY VICHARE & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANJAY VICHARE & CO | 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.
Ownership and Shareholding of Photonix Solar 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 Photonix Solar Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Dec 2015 | Others | ₹3 Cr | Open |
| 01 Dec 2015 | Others | ₹64 Lakh | Open |
| 29 Dec 2014 | Others | ₹2.3 Cr | Open |
| 25 Sep 2014 | Others | ₹1.4 Cr | Open |
| 25 Sep 2014 | Others | ₹16 Lakh | Open |
Total charge records: 14 View all charges
Legal Cases of Photonix Solar Private Limited
Photonix Solar Private Limited has 29 court cases on record: 2 filed by Photonix Solar, 27 filed against it. 9 cases are pending and 20 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 29 | 27 | 9 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Religare Finvest Limited | Pending |
| District court, Satara, Maharashtra | Court case (Reg Dkst) | Filed against the company by Sunconnect Solar Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Anurita Enterprises Private Limited | Pending |
| District court, Pune, Maharashtra | Execution petition | Filed against the company by Religare Finvest Limited | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by Religare Finvest Limited | Disposed |
Full case history
All 29 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 Photonix Solar Private Limited
Employment history and EPFO contributions of people linked to Photonix Solar.
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 Photonix Solar Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Photonix Solar 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 Photonix Solar 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 Photonix Solar 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 Photonix Solar Private Limited
Photonix Solar has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCP1614D1ZU | Maharashtra | Active | 01 Jul 2017 |
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 Photonix Solar 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 Photonix Solar Private Limited
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 reported revenue of ₹10.26 Lakh for FY 2019 (down 89% YoY).
Photonix Solar has 2 current directors:
- Subhash Balkrushana Lad - Additional Director
- Sunil Ramchand Gangwani - Additional Director
Photonix Solar reported a net loss of ₹1.34 Cr and EBITDA of -₹15,420 (EBITDA margin -1.5%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Photonix Solar is -80% over three years and -63% over five years. In the latest year (FY 2019) revenue fell 89%. CAGR is the steady yearly rate that links the first and the last year.
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 29 court cases on record: 2 filed by the company and 27 filed against it. 9 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 Asknbid Innovation Factory India Private Limited, Shri Bihariji Concrete & Poles Private Limited, RSTH Automation Private Limited, Anant Global Energy Private Limited, Orrish Drive Systems Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
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.