About Pmea Solar Tech Solutions Limited
Data last updated:
Pmea Solar Tech Solutions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 21 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29219MH2006PLC161285. Its GSTIN is 27AADCP8693G1ZX (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹140 Cr and a paid-up capital of ₹112.41 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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,865.1 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹131.39 Cr (net margin 7%) and EBITDA of ₹275.29 Cr (EBITDA margin 14.8%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years.
The company has about 201 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,094.13 Cr and satisfied charges of ₹397.99 Cr on record. The company has 8 deals on record (4 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹1.99 Cr; the latest was in March 2019. Its 10 peer companies in the Automobiles industry (Auto Ancillary) are compared by revenue, 5 larger and 5 smaller; the largest is Meritor HVS (India) Limited with revenue of ₹1,989.32 Cr. The company has 12 MSME Form 1 returns on record between 2022 and 2023, listing 5,664 overdue payments to 324 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pmealtd.com.
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- Registered Address406 Western Edge II A Wing Western Express Highway Cci Compound Bor, Ivali East, Mumbai, Maharashtra, India – 400066
- IndustryMetal & Minerals, Metalworking
- 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 Pmea Solar Tech Solutions Limited
The main business activities of Pmea Solar Tech Solutions are manufacturing and support service to organizations. In detail, this covers metal and metal products and other support services to organizations. 2 activity segments are registered with the MCA.
| 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 |
| N | Support service to Organizations | N7 | Other support services to organizations | 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 Pmea Solar Tech Solutions Limited FY 2025 filings available
Pmea Solar Tech Solutions Limited reported revenue of ₹1,865.1 Cr (up 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pmea Solar Tech Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 47% over three years, including 23% growth in the latest year. EBITDA rose 19% 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 Tech Solutions 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 | ₹275.29 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹131.39 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 Tech Solutions Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7% | •••• | •••• | •••• | •••• |
| 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 Tech Solutions 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.
Peer Comparison of Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary). Its own revenue is ₹1,865.1 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Meritor HVS (India) Limited | ₹1,989.32 Cr | •••• | •••• | •••• | 60 | Karnataka, India |
| Mitsuba India Private Limited | ₹1,979.88 Cr | •••• | •••• | •••• | 313 | Chennai, Tamil Nadu, India |
| Hyundai Transys Lear Automotive India Private Limited | ₹1,962.65 Cr | •••• | •••• | •••• | 455 | Sriperumbudur Taluk, Tamil Nadu, India |
| Stellantis Avtec Powertrain India Private Limited | ₹1,872.06 Cr | •••• | •••• | •••• | - | Hosur, Tamil Nadu, India |
| Alf Engineering Private Limited | ₹1,865.83 Cr | •••• | •••• | •••• | 1,573 | Nashik, Maharashtra, India |
| Pmea Solar Tech Solutions Limited this company | ₹1,865.1 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Federal-Mogul Goetze (India) Limited Listed | ₹1,844.12 Cr | •••• | •••• | •••• | 35 | Delhi, India |
| Vee Gee Industrial Enterprises Private Limited | ₹1,821.88 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Hyundai Steel Anantapur Private Limited | ₹1,807.17 Cr | •••• | •••• | •••• | - | Penukonda Mandal, Andhra Pradesh, India |
| Goodyear South Asia Tyres Private Limited | ₹1,798.92 Cr | •••• | •••• | •••• | 814 | Waluj, Maharashtra, India |
| Magna Automotive India Private Limited | ₹1,769.69 Cr | •••• | •••• | •••• | 77 | Pune City, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Pmea Solar Tech Solutions by revenue in the Automobiles industry (Auto Ancillary), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Board of Directors and KMP of Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions Limited currently reports 8 directors and 2 key managerial personnel. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Sanghvi Navin | Director | 21 Apr 2006 | 20 Years 5 Months | Current |
| Sandeep Sanghvi Navinchandra | Managing Director | 21 Apr 2006 | 20 Years 5 Months | Current |
| Kapil Pravinchandra Sanghvi | Director | 21 Apr 2006 | 20 Years 5 Months | Current |
| Vandana Prashant Sonwaney | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
| Vinita Mayur Danait | Director | 01 Jul 2024 | 2 Years 3 Months | Current |
| Sandeep Dattaram Deshpande | Cfo | 17 Aug 2024 | 2 Years 1 Months | Current |
Charges & Borrowings of Pmea Solar Tech Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2025 | Others | ₹1.93 Cr | Open |
| 10 Mar 2025 | Axis Bank Limited | ₹15 Cr | Open |
| 20 Dec 2024 | Others | ₹60 Cr | Open |
| 11 Jan 2024 | Hdfc Bank Limited | ₹9.54 Lakh | Open |
| 11 Jan 2024 | Hdfc Bank Limited | ₹9.54 Lakh | Open |
Total charge records: 51 View all charges
Deals & Funding of Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions Limited has 8 deals on record (4 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹1.99 Cr; the latest was in March 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Rights issue | ₹74.1 Lakh | Investors: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Shantilal Harilal Sanghvi Huf, Shivani Investment Corporation, Shivam Financial Corporation |
| Sep 2011 | Rights issue | ₹3.5 Cr | Investors: 4 individuals |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions Limited has 12 MSME Form 1 returns on record between 2022 and 2023, listing 5,664 overdue payments to 324 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 324)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Aikyam Printpack Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Technorays Laser & Equipments | •••• | •••• | •••• |
| Nirban Iron and Steel Company | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 12 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
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 Tech Solutions Limited
Employment history and EPFO contributions of people linked to Pmea Solar Tech Solutions.
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.
CIN History of Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions has one previous CIN (Corporate Identification Number): U29219MH2006PTC161285. The current CIN is U29219MH2006PLC161285, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29219MH2006PLC161285 | Current |
| U29219MH2006PTC161285 | Previous |
Recent Activity on Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions Limited has 22 board changes on record since 2006: 10 appointments and 12 cessations. The latest: Deepak Sudhakar Kulkarni ceased to be Additional Director on 22 Jul 2025.
100 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Pmea Solar Tech Solutions 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.
Subsidiaries & Group Companies of Pmea Solar Tech Solutions 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 Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP8693G1ZX | Maharashtra | Active | 01 Jul 2017 |
| 19AADCP8693G1ZU | West Bengal | Active | 01 Sep 2022 |
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 Pmea Solar Tech Solutions 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 Pmea Solar Tech Solutions Limited
Pmea Solar Tech Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 21 April 2006 (20+ years old) and is registered under CIN U29219MH2006PLC161285.
Pmea Solar Tech Solutions reported revenue of ₹1,865.1 Cr for FY 2025 (up 23% YoY).
Pmea Solar Tech Solutions has 10 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
- Avinash Vithal Gandhi - Director
- Samir Sanghvi Pravin - Director
- Deepak Sudhakar Kulkarni - Director
- Sandeep Dattaram Deshpande - Cfo
- Sujoy Kumar Sircar - Company Secretary
Pmea Solar Tech Solutions reported a net profit of ₹131.39 Cr (net margin 7%) and EBITDA of ₹275.29 Cr (EBITDA margin 14.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pmea Solar Tech Solutions is 47% over three years. In the latest year (FY 2025) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pmea Solar Tech Solutions is 27AADCP8693G1ZX, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 19AADCP8693G1ZU (West Bengal).
The CIN (Corporate Identification Number) of Pmea Solar Tech Solutions is U29219MH2006PLC161285. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pmea Solar Tech Solutions was incorporated on 21 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Pmea Solar Tech Solutions has 8 deals on record (4 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹1.99 Cr; the latest was in March 2019.
The peers of Pmea Solar Tech Solutions by revenue are Meritor HVS (India) Limited, Mitsuba India Private Limited, Hyundai Transys Lear Automotive India Private Limited, Stellantis Avtec Powertrain India Private Limited, Alf Engineering Private Limited and 5 more, all in the Automobiles industry (Auto Ancillary).
Deepak Sudhakar Kulkarni ceased to be Additional Director on 22 Jul 2025. Deepak Sudhakar Kulkarni was appointed as Director on 01 Jul 2025. Sandeep Dattaram Deshpande was appointed as CFO on 17 Aug 2024. Pmea Solar Tech Solutions has 22 board changes on record in total.
Pmea Solar Tech Solutions has 12 MSME Form 1 returns on record between 2022 and 2023, listing 5,664 overdue payments to 324 micro and small suppliers. The latest return was filed on 08 Nov 2023.