About Pitambar Solvex Private Limited
Data last updated:
Pitambar Solvex Private Limited is a private limited company based in Jaipur, Rajasthan, India, a subsidiary of Oagri Farm Private Limited. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 20 September 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U46305RJ2012PTC040190. Its GSTIN is 08AAGCP8229B1ZG (Rajasthan). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹12.11 Lakh. It is led by directors including Shashank Mehrotra and Nitin Jain.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Jaipur, Rajasthan.
As per the financials filed for FY 2026, the company reported a revenue of ₹169.11 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net loss of ₹6.16 Cr (net margin -3.6%) and EBITDA of -₹5.96 Cr (EBITDA margin -3.5%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 15% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹70 Cr and satisfied charges of ₹108.3 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 5 cases are pending. The company has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹11.69 Cr; the latest was in October 2022.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pitambarsolvex.com.
Company details
CIN history
Pitambar Solvex has one previous CIN (Corporate Identification Number): U15139RJ2012PTC040190. The current CIN is U46305RJ2012PTC040190, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U46305RJ2012PTC040190 | Current |
| U15139RJ2012PTC040190 | Previous |
Contact details
Pitambar Solvex Private Limited's registered office is in Jaipur, Rajasthan.
- Registered AddressUnit No. 08 And 09 (208 & 209 Second Floor) Signature Tower, Dc – 2 Behind Apex Bank Lalkothi Tonk Road, Jaipur, Rajasthan, India – 302015
- IndustryFood and Beverages, Edible Oils & Cooking Fats
- 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 activity of Pitambar Solvex is manufacturing. In detail, this covers manufacture of food products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 10 | Manufacture of food products |
To see the full business activity and turnover split of Pitambar Solvex Private Limited, buy the company report.
Financials of Pitambar Solvex Private Limited
FY 2026 filings availablePitambar Solvex Private Limited reported revenue of ₹169.11 Cr (up 17% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA fell 158% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹169.11 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹5.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹6.16 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -3.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Pitambar Solvex Private Limited, buy the company report.
Board of directors of Pitambar Solvex Private Limited
Pitambar Solvex has 5 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Mehrotra | Director | 29 Jul 2023 | 3 Years 3 Months | Current |
| Nitin Jain Also directs: GVR Nutries Private Limited, Dhara Foods Private Limited, Samruddhi Organic Farm (India) Private Limited and 4 more | Director | 27 Oct 2022 | 4 Years 0 Months | Current |
| Tamarish Sinha Also directs: Koeleman India Private Limited, GVR Fibres Private Limited, Candor Dates Private Limited and 5 more | Director | 27 Oct 2022 | 4 Years 0 Months | Current |
| Vivek Sinha | Director | 27 Oct 2022 | 4 Years 0 Months | Current |
| Kartike Singh | Director | 14 May 2025 | 1 Years 5 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Mar 2024 | 100884882 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 01 Dec 2023 | 100835035 | Hdfc Bank Limited | ₹20 Cr | Satisfied | |
| 25 Feb 2022 | 100546172 | Axis Bank Limited | ₹37.81 Lakh | Satisfied | |
| 24 Dec 2021 | 100543148 | Axis Bank Limited | ₹28 Lakh | Satisfied | |
| 01 Nov 2021 | 100539181 | Others | ₹20.98 Lakh | Satisfied |
To see the full charge records of Pitambar Solvex Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Pitambar Solvex Private Limited has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹11.69 Cr; the latest was in October 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2022 | Secondary share transfer | Undisclosed | Buyer: Oagri Farm Private Limited , Oagri Farm Private Limited & Asish Mohapatra Seller: Ashok Kumar Malhotra HUF, Jai Baba Tarkeshwar Colonizers And Developers Private Limited, 2 individuals |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Karnani Solvex Private Limited , Jai Baba Tarkeshwar & Colonisers Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Karnani Solvex Private Limited |
| Mar 2014 | Funding round | ₹9.71 Cr | Investors: Karnani Solvex Private Limited , 3 individuals |
To see the full deal history of Pitambar Solvex Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Pitambar Solvex Private Limited has 11 court cases on record: 9 filed by Pitambar Solvex, 2 filed against it. 5 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
| NCLAT | 4 | 0 | 4 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kanpur Nagar, Uttar Pradesh | Criminal case | Filed against the company by M/S Kanpur Edibles Pvt. Ltd | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against individuals | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by State | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against an individual | Disposed |
To see the full case history of Pitambar 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
Pitambar Solvex Private Limited was last rated by Brickwork on 31 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 31 May 2021 |
To see the full credit ratings and regulatory alerts of Pitambar Solvex Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Pitambar Solvex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pitambar Solvex has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAGCP8229B1ZG | Rajasthan | Active | 01 Jul 2017 |
| 27AAGCP8229B1ZG | Maharashtra | Active | 24 Feb 2023 |
| 23AAGCP8229B1ZO | Madhya Pradesh | Active | 14 Oct 2024 |
To see the full GST registrations and return filing status of Pitambar Solvex Private Limited, buy the company report.
Recent activity
Pitambar Solvex Private Limited has 17 board changes on record since 2014: 5 appointments and 12 cessations. The latest: Kartike Singh ceased to be Additional Director on 15 Sep 2025.
24 earlier events are in the company report.
Frequently asked questions
Pitambar Solvex is an active private limited company based in Jaipur, Rajasthan, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 20 September 2012 (14+ years old) and is registered under CIN U46305RJ2012PTC040190.
Pitambar Solvex has 5 current directors:
- Shashank Mehrotra - Director
- Nitin Jain - Director
- Tamarish Sinha - Director
- Vivek Sinha - Director
- Kartike Singh - Director
The latest financial statements of Pitambar Solvex on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Pitambar Solvex is 08AAGCP8229B1ZG, registered in Rajasthan. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAGCP8229B1ZG (Maharashtra), 23AAGCP8229B1ZO (Madhya Pradesh).
The CIN (Corporate Identification Number) of Pitambar Solvex is U46305RJ2012PTC040190. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pitambar Solvex has 11 court cases on record: 9 filed by the company and 2 filed against it. 5 are pending. Most are in the high courts.
Pitambar Solvex was incorporated on 20 September 2012, making it 14+ years old. It is registered with the Registrar of Companies, Jaipur.
Pitambar Solvex has 11 deals on record (6 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹11.69 Cr; the latest was in October 2022.
Kartike Singh ceased to be Additional Director on 15 Sep 2025. Kartike Singh was appointed as Director on 14 May 2025. Lokesh Garg ceased to be Additional Director on 27 Sep 2023. Pitambar Solvex has 17 board changes on record in total.
Pitambar Solvex can be reached through the website pitambarsolvex.com. Its registered office is in Jaipur, Rajasthan, India.
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