MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0026925
Pmea Solar Systems Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹461.75 Cr
▼ 12% YoY
Net profit · FY 2025
₹25.62 Cr
Net margin 5.5%
EBITDA · FY 2025
₹59.31 Cr
EBITDA margin 12.8%
Authorised capital
₹12 Cr
Registered with MCA
Paid-up capital
₹10.5 Cr
Issued & subscribed
Open charges
₹947.16 Cr
Satisfied ₹120 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
123
Provident fund records
About Pmea Solar Systems Private Limited
Data last updated:
Pmea Solar Systems Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Pmea Solar Tech Solutions Private Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 04 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29100MH2020PTC345349. Its GSTIN is 27AALCP3891L1ZO (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹10.5 Cr. It is led by directors including Sandeep Sanghvi Navinchandra (Managing Director) and Vishal Sanghvi Navin.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 406 Western Edge II A Wing Western Exp Highway Cci Compound Borivali East, Mumbai, Maharashtra, India – 400066.
As per the financials filed for FY 2025, the company reported a revenue of ₹461.75 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹25.62 Cr (net margin 5.5%) and EBITDA of ₹59.31 Cr (EBITDA margin 12.8%). Revenue has grown at a compounded annual rate (CAGR) of 130% over three years.
The company has about 123 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹947.16 Cr and satisfied charges of ₹120 Cr on record. Court records list 2 cases involving the company, including 1 filed against it. The company has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹10.33 Cr; the latest was in January 2022. Its 10 peer companies in the Power industry (Power Equipment Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Sunbeam Generators Private Limited with revenue of ₹493.43 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 56 overdue payments to 20 micro and small suppliers.
Pmea Solar Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0026925). For more details, the company can be reached via its website pmealtd.com.
Company Details of Pmea Solar Systems Private Limited
CIN U29100MH2020PTC345349
Registration Number 345349
Incorporation Date 04 September 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Pmea Solar Tech Solutions Private Limited
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0026925
Key People
Sandeep Sanghvi Navinchandra Managing Director Sandeep Dattaram Deshpande Cfo Vishal Sanghvi Navin Director Recognitions & Rankings of Pmea Solar Systems
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address406 Western Edge II A Wing Western Exp Highway Cci Compound Borivali East, Mumbai, Maharashtra, India – 400066
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
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Business Activity of Pmea Solar Systems Private Limited
The main business activity of Pmea Solar Systems is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Pmea Solar Systems Private Limited FY 2025 filings available
Pmea Solar Systems Private Limited reported revenue of ₹461.75 Cr (down 12% YoY) for FY 2025.
Revenue · FY 2025
₹461.75 Cr ▼ 12%
Net profit · FY 2025
₹25.62 Cr margin 5.5%
EBITDA · FY 2025
₹59.31 Cr margin 12.8%
Compounded Annual Growth Rate (CAGR) of Pmea Solar Systems Private Limited
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 130%
EBITDA CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 357%
Revenue fell 12% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 130%. EBITDA fell 23% 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 Pmea Solar Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹59.31 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹25.62 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 Pmea Solar Systems Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.5% | •••• | •••• | •••• | •••• |
| 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 Pmea Solar Systems are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors and KMP of Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited currently reports 6 directors and 1 key managerial person. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Sanghvi Navin | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Sandeep Sanghvi Navinchandra | Managing Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Kapil Pravinchandra Sanghvi | Director | 04 Sep 2020 | 6 Years 1 Months | Current |
| Vandana Prashant Sonwaney | Director | 21 Feb 2025 | 1 Years 8 Months | Current |
| Vinita Mayur Danait | Director | 19 Aug 2024 | 2 Years 2 Months | Current |
| Sandeep Dattaram Deshpande Also directs: Pmea Solar Tech Solutions Limited, Finopsyst Advisory Services LLP | Cfo | 25 Jul 2025 | 1 Years 2 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer Comparison of Pmea Solar Systems Private Limited
Pmea Solar Systems 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 |
|---|---|---|---|---|---|---|
| Sunbeam Generators Private Limited | ₹493.43 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Chennai, Tamil Nadu, India |
| Shubhada Polymers Products Private Limited | ₹487.29 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Navi Mumbai, Maharashtra, India |
| Yogiji Digi Limited | ₹483.67 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Faridabad, Haryana, India |
| Swelect Energy Systems Limited Listed | ₹482.77 Cr (FY 2025) | •••• | •••• | 73.0% | •••• | Chennai, Tamil Nadu, India |
| Symatic Engineering Private Limited | ₹468.93 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Navi Mumbai, Maharashtra, India |
| Pmea Solar Systems Private Limited this company | ₹461.75 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Mumbai, Maharashtra, India |
| Modern Insulators Limited Listed | ₹454.8 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Abu Road, Rajasthan, India |
| Oswal Solar Energy Private Limited | ₹453.29 Cr (FY 2025) | •••• | •••• | 664.0% | •••• | Karnal, Haryana, India |
| Jaynix Engineering Private Limited | ₹448.2 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Karjan, Gujarat, India |
| Lucy Electric India Private Limited | ₹446.02 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Nashik, Maharashtra, India |
| Adm Solar Power and Infrastructure Private Limited | ₹443.04 Cr (FY 2025) | •••• | •••• | 195.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Pmea Solar Systems 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 Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited is audited by KKC & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KKC & Associates LLP | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Pmea Solar Systems Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Pmea Solar Systems Private Limited
Open charges
₹947.16 Cr
Satisfied charges
₹120 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2025 | Others | ₹40 Cr | Open |
| 28 Aug 2024 | Hdfc Bank Limited | ₹27.2 Lakh | Open |
| 31 Jul 2024 | Others | ₹30 Cr | Open |
| 01 Sep 2023 | Others | ₹3.63 Cr | Open |
| 29 Mar 2022 | Others | ₹4.66 Lakh | Open |
Total charge records: 12 View all charges
Deals & Funding of Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹10.33 Cr; the latest was in January 2022.
Total deals
3
Rights issue
1
Funding round
1
Secondary share transfer
1
Disclosed funding
₹10.33 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: P M Electro Auto Private Limited Seller: P.M Electro-Auto Private Limited, 3 individuals |
| Mar 2021 | Rights issue | ₹13.8 Lakh | Investors: 4 individuals |
| Jan 2021 | Funding round | ₹10.33 Cr | Investors: P.M Electro-Auto Private Limited, 3 individuals |
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Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited has 2 court cases on record: 1 filed against it, 1 where it is another party. All cases are disposed. Status as checked on 02 Oct 2026.
Total cases
2
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Filed against the company by State Throught H M Patel, Labour Officer and Inspector of Minimum Wages Acr 1948 | Disposed |
| District court, kachchh at Bhuj, Gujarat | Criminal complaint | Company is another party | Disposed |
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All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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MSME Payment Delays by Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 56 overdue payments to 20 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Shree Parvathy Shipping | •••• | •••• | •••• |
| Ab Online | •••• | •••• | •••• |
| Shree Bhagwan Timber Mart | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited has a workforce of 123 employees as of Apr 05, 2024.
Employee count
123
Active EPFO establishments
1
Employee growth
95.24%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Pmea Solar Systems Private Limited
Pmea Solar Systems Private Limited has 12 board changes on record since 2020: 7 appointments and 5 cessations. The latest: Sujoy Kumar Sircar ceased to be Company Secretary on 31 Dec 2025.
Ceased
Sujoy Kumar Sircar ceased to be Company Secretary.
Charges
A charge with Others of Rs. 291.07 Cr registered on 23 Mar 2022 with Charge ID 100554548 was modified on 23 Oct 2025.
Charges
A charge with Others of Rs. 291.07 Cr registered on 18 Nov 2021 with Charge ID 100507651 was modified on 23 Oct 2025.
Charges
A charge with Others of Rs. 291.07 Cr registered on 03 Nov 2021 with Charge ID 100504519 was modified on 23 Oct 2025.
AGM
Pmea Solar Systems Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Vandana Prashant Sonwaney ceased to be Additional Director.
Charges
A charge registered on 23 Sep 2024 via Charge ID 101002375 with Others was fully satisfied on 24 Sep 2025.
Appointed
Sandeep Dattaram Deshpande was appointed as CFO.
Ceased
Samir Sanghvi Pravin ceased to be Director.
Filing
Pmea Solar Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Vandana Prashant Sonwaney was appointed as Director.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101039477 was registered on 24 Jan 2025.
22 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pmea Solar Systems Private Limited
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Subsidiaries & Group Companies of Pmea Solar Systems Private Limited
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Corporate group structure
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GST Compliance of Pmea Solar Systems Private Limited
Pmea Solar Systems has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCP3891L1ZO | Maharashtra | Active | 29 Dec 2020 |
| 24AALCP3891L1ZU | Gujarat | Active | 30 Oct 2020 |
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MCA Filings & Documents of Pmea Solar Systems Private Limited
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MCA filings and documents
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Related news about Pmea Solar Systems Private Limited
Frequently Asked Questions about Pmea Solar Systems Private Limited
Pmea Solar Systems is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 04 September 2020 (6+ years old) and is registered under CIN U29100MH2020PTC345349.
Pmea Solar Systems reported revenue of ₹461.75 Cr for FY 2025 (down 12% YoY).
Pmea Solar Systems has 7 current directors and KMP:
- Sandeep Sanghvi Navinchandra - Managing Director
- Vishal Sanghvi Navin - Director
- Kapil Pravinchandra Sanghvi - Director
- Vandana Prashant Sonwaney - Director
- Vinita Mayur Danait - Director
- Samir Sanghvi Pravin - Director
- Sandeep Dattaram Deshpande - Cfo
Pmea Solar Systems reported a net profit of ₹25.62 Cr (net margin 5.5%) and EBITDA of ₹59.31 Cr (EBITDA margin 12.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pmea Solar Systems is 130% over three years. In the latest year (FY 2025) revenue fell 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pmea Solar Systems is 27AALCP3891L1ZO, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AALCP3891L1ZU (Gujarat).
The CIN (Corporate Identification Number) of Pmea Solar Systems is U29100MH2020PTC345349. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pmea Solar Systems has 2 court cases on record: 1 filed against it.
Pmea Solar Systems was incorporated on 04 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Pmea Solar Systems has 3 deals on record (1 rights issue, 1 funding round, 1 secondary share transfer), with disclosed funding of ₹10.33 Cr; the latest was in January 2022.
The peers of Pmea Solar Systems by revenue are Sunbeam Generators Private Limited, Shubhada Polymers Products Private Limited, Yogiji Digi Limited, Swelect Energy Systems Limited, Symatic Engineering Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Sujoy Kumar Sircar ceased to be Company Secretary on 31 Dec 2025. Vandana Prashant Sonwaney ceased to be Additional Director on 28 Sep 2025. Sandeep Dattaram Deshpande was appointed as CFO on 25 Jul 2025. Pmea Solar Systems has 12 board changes on record in total.