DPIIT recognised startup Government of India
Startup India
Rayon Solar Systems Private Limited - consumer electronics & durables in Nashik, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹35.4 Lakh
Latest filing
Net profit · FY 2023
₹1.04 Lakh
Net margin 2.9%
EBITDA · FY 2023
₹1.09 Lakh
EBITDA margin 3.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
8 yrs
Est. 2018
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Rayon Solar Systems Private Limited
Data last updated:
Rayon Solar Systems Private Limited is a private limited company based in Nashik, Maharashtra, India, recognised as a startup by DPIIT. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 23 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2018PTC307045. Its GSTIN is 27AAICR8437R1ZD (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Yogini Prashant Wagh and Manjusha Sharad Patil.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Flat No. 4 Prajak Apartment Gangapur Road Vidya Vikas Circle Nashik, Maharashtra, India – 422002.
As per the financials filed for FY 2023, the company reported a revenue of ₹35.4 Lakh. For the same year it recorded a net profit of ₹1.04 Lakh (net margin 2.9%) and EBITDA of ₹1.09 Lakh (EBITDA margin 3.1%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years.
Rayon Solar Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0078156). For more details, the company can be reached via its website rayonsolar.in.
Company details
CIN U40300MH2018PTC307045
Registration Number 307045
Incorporation Date 23 March 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-23-0078156
Key People
Yogini Prashant Wagh Director Manjusha Sharad Patil Director Varsharani Bhikanrao Deore Director Recognitions & Rankings of Rayon Solar Systems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-MH-23-0078156
Contact details
Rayon Solar Systems Private Limited's registered office is in Nashik, Maharashtra. Its website is rayonsolar.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat No. 4 Prajak Apartment Gangapur Road Vidya Vikas Circle Nashik, Maharashtra, India – 422002
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Rayon Solar Systems Private Limited, buy the company report.
Comprehensive company report
Rayon Solar Systems Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Rayon Solar Systems is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Rayon Solar Systems Private Limited, buy the company report.
Financials of Rayon Solar Systems Private Limited
FY 2023 filings availableRayon Solar Systems Private Limited reported revenue of ₹35.4 Lakh for FY 2023.
Revenue · FY 2023
₹35.4 Lakh
Net profit · FY 2023
₹1.04 Lakh margin 2.9%
EBITDA · FY 2023
₹1.09 Lakh margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 7%
EBITDA CAGR growth
3 years · compounded
▲ 21%
Revenue has declined at a compounded annual rate (CAGR) of 7% over three years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹35.4 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.09 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.04 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 Rayon Solar Systems Private Limited, buy the company report.
Board of directors of Rayon Solar Systems Private Limited
Rayon Solar Systems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogini Prashant Wagh Also directs: Umang Agro Gold Private Limited | Director | 15 Jul 2020 | 6 Years 3 Months | Current |
| Manjusha Sharad Patil | Director | 23 Mar 2018 | 8 Years 7 Months | Current |
| Varsharani Bhikanrao Deore | Director | 08 Mar 2022 | 4 Years 8 Months | Current |
Auditor
Rayon Solar Systems Private Limited is audited by RAHUL SOMAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAHUL SOMAN & ASSOCIATES | FY 2023 | 161713 |
Shareholding
The shareholding of Rayon Solar Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rayon Solar Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rayon Solar Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Rayon Solar Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Rayon Solar Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICR8437R1ZD | Maharashtra | Active | 24 Jun 2019 |
To see the full GST registrations and return filing status of Rayon Solar Systems Private Limited, buy the company report.
Recent activity
Rayon Solar Systems Private Limited has 5 board changes on record since 2018: 3 appointments and 2 cessations. The latest: Varsharani Bhikanrao Deore was appointed as Director on 08 Mar 2022.
AGM
Rayon Solar Systems Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Rayon Solar Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Appointed
Varsharani Bhikanrao Deore was appointed as Director.
Ceased
Babita Vasu Khandelwal ceased to be Director.
Ceased
Prachi Vijay Dabke ceased to be Director.
Appointed
Yogini Prashant Wagh was appointed as Director.
Appointed
Manjusha Sharad Patil was appointed as Director.
Incorporation
23 Mar 2018
Rayon Solar Systems Private Limited was registered on 23 Mar 2018 with Roc Mumbai & aged 8 years 7 months as per MCA records.
Frequently asked questions
Rayon Solar Systems is an active private limited company based in Nashik, Maharashtra, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 23 March 2018 (8+ years old) and is registered under CIN U40300MH2018PTC307045.
Rayon Solar Systems has 3 current directors:
- Yogini Prashant Wagh - Director
- Manjusha Sharad Patil - Director
- Varsharani Bhikanrao Deore - Director
The latest financial statements of Rayon Solar Systems on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Rayon Solar Systems is 27AAICR8437R1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rayon Solar Systems is U40300MH2018PTC307045. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rayon Solar Systems was incorporated on 23 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Varsharani Bhikanrao Deore was appointed as Director on 08 Mar 2022. Babita Vasu Khandelwal ceased to be Director on 15 Jul 2020. Prachi Vijay Dabke ceased to be Director on 15 Jul 2020. Rayon Solar Systems has 5 board changes on record in total.
Yes, Rayon Solar Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Rayon Solar Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-23-0078156).
Rayon Solar Systems can be reached through the website rayonsolar.in. Its registered office is in Nashik, Maharashtra, India.
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