MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2020-21)
- Udyam number
- UDYAM-MH-29-0013177
Rajaram Solvex Limited - chemicals and materials in Sangli, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹199.34 Cr
▲ 13% YoY
Net loss · FY 2025
₹16.91 Cr
Net margin -8.5%
EBITDA · FY 2025
-₹6.74 Cr
EBITDA margin -3.4%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹2.3 Cr
Issued & subscribed
Open charges
₹61.5 Cr
Satisfied ₹110.5 Cr
Company age
35 yrs
Est. 1991
Employees · EPFO
147
Provident fund records
About Rajaram Solvex Limited
Data last updated:
Rajaram Solvex Limited is a public limited company based in Sangli, Maharashtra, India. It operates in the solvent and oil extraction tech segment of the chemicals and materials sector. It was incorporated on 10 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15141PN1991PLC061629. Its GSTIN is 27AAACR8594H1ZW (Maharashtra).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹2.3 Cr. It is led by directors including Jayant Rajaram Patil (Whole-Time Director) and Rajvardhan Jayant Patil.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at A – 21 M. I. D. C. Industrial Area Islampur, Sangli, Maharashtra, India – 415409.
As per the financials filed for FY 2025, the company reported a revenue of ₹199.34 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹16.91 Cr (net margin -8.5%) and EBITDA of -₹6.74 Cr (EBITDA margin -3.4%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 10% over five years.
The company has about 147 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹61.5 Cr and satisfied charges of ₹110.5 Cr on record. Court records list 19 cases involving the company, including 17 filed by the company and 2 filed against it; 4 cases are pending.
Rajaram Solvex Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-29-0013177). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rajaramgroup.com.
Company Details of Rajaram Solvex Limited
CIN U15141PN1991PLC061629
Registration Number 061629
Incorporation Date 10 May 1991
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-29-0013177
CIN History of Rajaram Solvex Limited
Rajaram Solvex has one previous CIN (Corporate Identification Number): U15141MH1991PLC061629. The current CIN is U15141PN1991PLC061629, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15141PN1991PLC061629 | Current |
| U15141MH1991PLC061629 | Previous |
Key People
Jayant Rajaram Patil Whole-Time Director Rajvardhan Jayant Patil Director Anandrao Bajirao Kakade Director Recognitions & Rankings of Rajaram Solvex
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressA – 21 M. I. D. C. Industrial Area Islampur, Sangli, Maharashtra, India – 415409
- IndustryChemicals and Materials, Solvent & Oil Extraction Tech
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Business Activity of Rajaram Solvex Limited
The main business activity of Rajaram Solvex is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Rajaram Solvex Limited FY 2025 filings available
Rajaram Solvex Limited reported revenue of ₹199.34 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹199.34 Cr ▲ 13%
Net loss · FY 2025
₹16.91 Cr margin -8.5%
EBITDA · FY 2025
-₹6.74 Cr margin -3.4%
Compounded Annual Growth Rate (CAGR) of Rajaram Solvex Limited
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▼ 14%
5 years · compounded
▼ 10%
EBITDA CAGR growth
3 years · compounded
▼ 37%
5 years · compounded
▼ 20%
Revenue rose 13% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. 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 Rajaram Solvex 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 | -₹6.74 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹16.91 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 Rajaram Solvex Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -8.5% | •••• | •••• | •••• | •••• |
| 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 Rajaram Solvex are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Rajaram Solvex Limited
Rajaram Solvex has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajvardhan Jayant Patil | Director | 01 Jan 2022 | 4 Years 9 Months | Current |
| Anandrao Bajirao Kakade Also directs: Futurewatt Innovations Private Limited | Director | 28 Sep 2019 | 7 Years 0 Months | Current |
| Prateek Jayant Patil | Director | 01 Jan 2022 | 4 Years 9 Months | Current |
| Prabhavati Manikrao Patil | Director | 02 Feb 2015 | 11 Years 8 Months | Current |
| Jayant Rajaram Patil | Whole-Time Director | 12 Aug 1992 | 34 Years 2 Months | Current |
| Suresh Maruti Sawant | Director | 02 Feb 2015 | 11 Years 8 Months | Current |
Peer Comparison of Rajaram Solvex Limited
Rajaram Solvex Limited is compared with the companies closest to it by revenue in the Cleantech industry (Biofuel and Biomass, Solvent Extraction, Wind Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhabani Pigments Private Limited | ₹201.18 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Rayatagro Solvex Private Limited | ₹201.06 Cr (FY 2025) | •••• | •••• | •••• | Latur, Maharashtra, India | |
| Nandi Roller Flour Mills Private Limited | ₹200.38 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Bangalore, Karnataka, India |
| Renew Vayu Urja Private Limited | ₹200 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| JSW Renew Energy Limited | ₹199.4 Cr (FY 2025) | •••• | •••• | 1600.0% | •••• | Mumbai, Maharashtra, India |
| Rajaram Solvex Limited this company | ₹199.34 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Sangli, Maharashtra, India |
| Pallava Spinning Mills Private Limited | ₹197.82 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Coimbatore, Tamil Nadu, India |
| V.B. Oil Mills Private Limited | ₹197.34 Cr (FY 2023) | •••• | •••• | -29.0% | •••• | Bellary, Karnataka, India |
| Adani Renewable Energy Forty One Limited | ₹194.88 Cr (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India | |
| Sowmiya Spinners Private Limited | ₹194.74 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Annur, Tamil Nadu, India |
| Vindhya Spinning Mills Private Limited | ₹194.32 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Road, Sivakasi-626 123, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Rajaram Solvex by revenue in the Cleantech industry (Biofuel and Biomass, Solvent Extraction, Wind Power), 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 Rajaram Solvex Limited
Rajaram Solvex Limited is audited by Saraf Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Saraf Associates | 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 Rajaram Solvex Limited
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Shareholding and ownership data
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Charges & Borrowings of Rajaram Solvex Limited
Open charges
₹61.5 Cr
Satisfied charges
₹110.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2025 | Others | ₹20 Cr | Open |
| 04 Feb 2025 | Others | ₹20 Cr | Open |
| 22 Apr 2022 | Others | ₹6.5 Cr | Open |
| 15 Jan 1999 | Others | ₹15 Cr | Open |
| 21 Apr 2022 | Hdfc Bank Limited | ₹40 Cr | Satisfied |
Total charge records: 25 View all charges
Legal Cases of Rajaram Solvex Limited
Rajaram Solvex Limited has 19 court cases on record: 17 filed by Rajaram Solvex, 2 filed against it. 4 cases are pending and 15 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
19
Filed by the company
17
Filed against the company
2
Pending
4
Disposed
15
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 1 | 3 |
| High courts | 9 | 1 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sangli, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Gurikrupa Trading Company | Pending |
| Bombay High Court | Appeal | Filed by the company against Union of India | Pending |
| District court, Sangli, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Union of India | Disposed |
| District court, Sangli, Maharashtra | Criminal miscellaneous application | Filed against the company by an individual | Disposed |
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Full case history
All 19 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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Employees and EPFO Compliance at Rajaram Solvex Limited
Rajaram Solvex Limited has a workforce of 147 employees as of Apr 04, 2024.
Employee count
147
Active EPFO establishments
1
Employee growth
-14.04%
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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 Rajaram Solvex Limited
Rajaram Solvex Limited has 12 board changes on record since 1992: 6 appointments and 6 cessations. The latest: Bhagat Rajaram Patil ceased to be Director on 03 Jul 2024.
AGM
Rajaram Solvex Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 09 Sep 1992 via Charge ID 90154785 with The State Industrial And Investment Corpn. Of M. Ltd. was fully satisfied on 01 Sep 2025.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101133679 was registered on 02 Aug 2025.
Charges
A charge with Others of Rs. 20.00 Cr registered on 04 Feb 2025 with Charge ID 101049585 was modified on 02 Aug 2025.
Charges
A charge registered on 03 Oct 2020 via Charge ID 100380100 with Axis Bank Limited was fully satisfied on 23 Jul 2025.
Charges
A charge registered on 21 Apr 2022 via Charge ID 100565312 with Hdfc Bank Limited was fully satisfied on 20 May 2025.
Filing
Rajaram Solvex Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 20.00 Cr with Charge ID 101049585 was registered on 04 Feb 2025.
Ceased
Bhagat Rajaram Patil ceased to be Director.
Ceased
Prateek Jayant Patil ceased to be Additional Director.
Ceased
Rajvardhan Jayant Patil ceased to be Additional Director.
Charges
A charge registered on 29 Jun 2021 via Charge ID 100467135 with Axis Bank Limited was fully satisfied on 17 May 2022.
56 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Rajaram Solvex Limited
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MSME Payment Delays by Rajaram Solvex Limited
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Subsidiaries & Group Companies of Rajaram Solvex Limited
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Corporate group structure
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GST Compliance of Rajaram Solvex Limited
Rajaram Solvex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR8594H1ZW | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Rajaram Solvex Limited
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Frequently Asked Questions about Rajaram Solvex Limited
Rajaram Solvex is an active public limited company based in Sangli, Maharashtra, India. The company works in solvent and oil extraction tech, within the chemicals and materials industry. It was incorporated on 10 May 1991 (35+ years old) and is registered under CIN U15141PN1991PLC061629.
Rajaram Solvex reported revenue of ₹199.34 Cr for FY 2025 (up 13% YoY).
Rajaram Solvex has 6 current directors:
- Jayant Rajaram Patil - Whole-Time Director
- Rajvardhan Jayant Patil - Director
- Anandrao Bajirao Kakade - Director
- Prateek Jayant Patil - Director
- Prabhavati Manikrao Patil - Director
- Suresh Maruti Sawant - Director
Rajaram Solvex reported a net loss of ₹16.91 Cr (net margin -8.5%) and EBITDA of -₹6.74 Cr (EBITDA margin -3.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rajaram Solvex is -14% over three years and -10% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rajaram Solvex is 27AAACR8594H1ZW, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rajaram Solvex is U15141PN1991PLC061629. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rajaram Solvex has 19 court cases on record: 17 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Rajaram Solvex was incorporated on 10 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Rajaram Solvex by revenue are Bhabani Pigments Private Limited, Rayatagro Solvex Private Limited, Nandi Roller Flour Mills Private Limited, Renew Vayu Urja Private Limited, JSW Renew Energy Limited and 5 more, all in the Cleantech industry (Biofuel and Biomass, Solvent Extraction, Wind Power).
Bhagat Rajaram Patil ceased to be Director on 03 Jul 2024. Prateek Jayant Patil ceased to be Additional Director on 04 Mar 2023. Rajvardhan Jayant Patil ceased to be Additional Director on 04 Mar 2023. Rajaram Solvex has 12 board changes on record in total.