Prakruthi Solvex Private Limited
About Prakruthi Solvex Private Limited
Data last updated:
Prakruthi Solvex Private Limited is a private limited company based in Tumkur, Karnataka, India. It operates in the edible oils and cooking fats segment of the food and beverages sector. It was incorporated on 25 April 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U15142KA1994PTC015554. Its GSTIN is 29AAECP1098C1ZF (Karnataka).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors including Amarnath Tumkur Prasanna Kumar (Managing Director) and Kantharajasetty Umeshbabu.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at P.B.No 55 9th Km N.H 206 Mallasandra Post Tumkur, Karnataka, India – 572107.
As per the financials filed for FY 2024, the company reported a revenue of ₹73.61 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹80.96 Lakh (net margin -1.1%) and EBITDA of -₹36.57 Lakh (EBITDA margin -0.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
The company has about 42 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4.5 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 10 cases involving the company, including 6 filed by the company and 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Prakruthi Solvex Private Limited's registered office is in Tumkur, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressP.B.No 55 9th Km N.H 206 Mallasandra Post Tumkur, Karnataka, India – 572107
- IndustryFood and Beverages, Edible Oils & Cooking Fats
To see the full contact details of Prakruthi Solvex Private Limited, buy the company report.
- 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 Prakruthi Solvex is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Prakruthi Solvex Private Limited, buy the company report.
Financials of Prakruthi Solvex Private Limited
FY 2024 filings availablePrakruthi Solvex Private Limited reported revenue of ₹73.61 Cr (down 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 132% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹36.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹80.96 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.5% | ||||
| Net Profit Margin | -1.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Prakruthi Solvex Private Limited, buy the company report.
Board of directors of Prakruthi Solvex Private Limited
Prakruthi Solvex has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kantharajasetty Umeshbabu | Director | 25 Apr 1994 | 32 Years 6 Months | Current |
| Amarnath Tumkur Prasanna Kumar | Managing Director | 25 Apr 1994 | 32 Years 6 Months | Current |
| Govindanna Thimmareddy | Director | 25 Apr 1994 | 32 Years 6 Months | Current |
Peer comparison
Prakruthi Solvex Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kaila Devi Food Products Private Limited | ₹74.8 Cr (FY 2025) | 100.0% | Morena, Madhya Pradesh, India | |||
| Narula Oil and Fats Private Limited | ₹74.69 Cr (FY 2017) | 24.0% | Punjab, India | |||
| Prakruthi Solvex Private Limitedthis company | ₹73.61 Cr (FY 2024) | -₹80.96 Lakh | -1.1% | -24.0% | 42 | Tumkur, Karnataka, India |
| Shyam Solvex (India) Private Limited | ₹72.69 Cr (FY 2024) | -21.0% | Ber Bazar Hyd, Telangana, India | |||
| Rhythms Industries Private Limited | ₹72.22 Cr (FY 2025) | 43.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Prakruthi Solvex Private Limited, buy the company report.
Shareholding
The shareholding of Prakruthi Solvex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prakruthi Solvex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 1997 | 80068303 | State Bank of India | ₹4.5 Cr | Satisfied |
To see the full charge records of Prakruthi Solvex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Prakruthi Solvex Private Limited has 10 court cases on record: 6 filed by Prakruthi Solvex, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 0 |
| District courts | 4 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed against the company by M/S Shanthi Fortune India Private Ltd | Disposed |
| District court, TUMAKURU, Karnataka | Civil suit | Filed by the company against Ms Shanthi Fortune India Pvt Ltd and 2 others | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against The Deputy Commissioner of | Disposed |
| District court, TUMAKURU, Karnataka | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed against the company by The Karnataka Co Operative Milk Producers | Disposed |
To see the full case history of Prakruthi 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prakruthi Solvex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prakruthi Solvex Private Limited has a workforce of 42 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
GST
Prakruthi Solvex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECP1098C1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prakruthi Solvex Private Limited, buy the company report.
Recent activity
Prakruthi Solvex Private Limited has 4 board changes on record since 1994: 3 appointments and 1 cessation. The latest: Govindanna Thimmareddy ceased to be Managing Director on 09 Oct 2018.
Frequently asked questions
Prakruthi Solvex is an active private limited company based in Tumkur, Karnataka, India. The company works in edible oils and cooking fats, within the food and beverages industry. It was incorporated on 25 April 1994 (32+ years old) and is registered under CIN U15142KA1994PTC015554.
Prakruthi Solvex has 3 current directors:
- Amarnath Tumkur Prasanna Kumar - Managing Director
- Kantharajasetty Umeshbabu - Director
- Govindanna Thimmareddy - Director
The latest financial statements of Prakruthi Solvex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Prakruthi Solvex is 29AAECP1098C1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Prakruthi Solvex is U15142KA1994PTC015554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prakruthi Solvex has 10 court cases on record: 6 filed by the company and 4 filed against it. Most are in the high courts.
Prakruthi Solvex was incorporated on 25 April 1994, making it 32+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Prakruthi Solvex by revenue are Kaila Devi Food Products Private Limited, Narula Oil and Fats Private Limited, Shyam Solvex (India) Private Limited, Rhythms Industries Private Limited, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Govindanna Thimmareddy ceased to be Managing Director on 09 Oct 2018. Amarnath Tumkur Prasanna Kumar was appointed as Managing Director on 25 Apr 1994. Govindanna Thimmareddy was appointed as Director on 25 Apr 1994. Prakruthi Solvex has 4 board changes on record in total.
The registered office of Prakruthi Solvex is at P.B.No 55 9th Km N.H 206 Mallasandra Post Tumkur, Karnataka, India – 572107.
Prakruthi Solvex operates in the food and beverages industry, in the edible oils and cooking fats segment.