MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-AP-10-0007149
Solid Ply Private Limited - manufacturing in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹171.18 Cr
▲ 34% YoY
Net profit · FY 2024
₹6.96 Cr
Net margin 4.1%
EBITDA · FY 2024
₹10.73 Cr
EBITDA margin 6.3%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.37 Cr
Issued & subscribed
Open charges
₹23.69 Cr
Satisfied ₹4.99 Cr
Company age
29 yrs
Est. 1997
Employees · EPFO
49
Provident fund records
About Solid Ply Private Limited
Data last updated:
Solid Ply Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 04 August 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U20212WB1997PTC085073. Its GSTIN is 37AAACF4472A1Z0 (Andhra Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.37 Cr. It was formerly known as Fine Wood Veneers Private Limited. It is led by directors Saket Garg and Pawan Kumar Godara.
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 8 Khairu Place 4th Floor Bowbazar St, Kolkata, West Bengal, India – 700072.
As per the financials filed for FY 2024, the company reported a revenue of ₹171.18 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹6.96 Cr (net margin 4.1%) and EBITDA of ₹10.73 Cr (EBITDA margin 6.3%). Revenue has grown at a compounded annual rate (CAGR) of 72% over three years and 16% over five years.
The company has about 49 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solidply. As per MCA filings, the company has open charges of ₹23.69 Cr and satisfied charges of ₹4.99 Cr on record. Court records list 19 cases involving the company, including 17 filed by the company and 2 filed against it; 2 cases are pending. The company has 26 deals on record (21 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹4.9 Cr; the latest was in March 2022. Its 7 peer companies in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 3 larger and 4 smaller; the largest is Jolly Board Private Limited with revenue of ₹186.25 Cr.
Solid Ply Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-10-0007149). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solidply.com.
Company details
CIN U20212WB1997PTC085073
Registration Number 085073
Incorporation Date 04 August 1997
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-AP-10-0007149
Recognitions & Rankings of Solid Ply
Contact details
Solid Ply Private Limited's registered office is in Kolkata, West Bengal. Its website is solidply.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8 Khairu Place 4th Floor Bowbazar St, Kolkata, West Bengal, India – 700072
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Solid Ply Private Limited, buy the company report.
Comprehensive company report
Solid Ply 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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Brands
Solid Ply operates one associated brand: Solidply. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality plywood, blockboards, and flush doors for furniture, construction, and commercial use in India. | solidply.com |
Business activity
The main business activities of Solid Ply are manufacturing and trade. In detail, this covers wood and wood products, furniture, paper and paper products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Solid Ply Private Limited, buy the company report.
Financials of Solid Ply Private Limited
FY 2024 filings availableSolid Ply Private Limited reported revenue of ₹171.18 Cr (up 34% YoY) for FY 2024.
Revenue · FY 2024
₹171.18 Cr ▲ 34%
Net profit · FY 2024
₹6.96 Cr margin 4.1%
EBITDA · FY 2024
₹10.73 Cr margin 6.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 72%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 150%
3 years · compounded
▲ 50%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 34% growth in the latest year. EBITDA rose 150% 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.73 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.96 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.3% | ||||
| Net Profit Margin | 4.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Solid Ply Private Limited, buy the company report.
Board of directors of Solid Ply Private Limited
Solid Ply has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saket Garg | Director | 10 Mar 2013 | 13 Years 7 Months | Current |
| Pawan Kumar Godara | Additional Director | 30 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Solid Ply Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jolly Board Private Limited | ₹186.25 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India | |||
| Austin Plywood Private Limited | ₹179.82 Cr (FY 2025) | -4.0% | Kolkata, West Bengal, India | |||
| Saburi Panels Private Limited | ₹173.23 Cr (FY 2025) | -22.0% | Kolkata, West Bengal, India | |||
| Solid Ply Private Limitedthis company | ₹171.18 Cr (FY 2024) | ₹6.96 Cr | 4.1% | 34.0% | 49 | Kolkata, West Bengal, India |
| Lamtuf Limited | ₹170.43 Cr (FY 2024) | -15.0% | Hyderabad, Telangana, India | |||
| Swadesh Plywoods Private Limited | ₹170.26 Cr (FY 2025) | -13.0% | Chakdah, West Bengal, India | |||
| Oswin Wood Panels Private Limited | ₹161.82 Cr (FY 2025) | -5.0% | Chennai, Tamil Nadu, India | |||
| Shirdi Panel Industries Limited | ₹159.43 Cr (FY 2025) | 35.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Solid Ply Private Limited, buy the company report.
Auditor
Solid Ply Private Limited is audited by V K R & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K R & ASSOCIATES | FY 2023 | 320323E |
Shareholding
The shareholding of Solid Ply Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solid Ply Private Limited, buy the company report.
Charges & borrowings
Open charges
₹23.69 Cr
Satisfied charges
₹4.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2024 | 101038294 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 30 Apr 2022 | 100585004 | Hdfc Bank Limited | ₹7.44 Lakh | Open | |
| 12 Jan 2021 | 100438693 | Hdfc Bank Limited | ₹9.17 Lakh | Open | |
| 12 Sep 2019 | 100293005 | Others | ₹2.16 Cr | Open | |
| 01 Sep 2009 | 10178041 | Hdfc Bank Limited | ₹24.39 Lakh | Open |
To see the full charge records of Solid Ply Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Solid Ply Private Limited has 26 deals on record (21 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹4.9 Cr; the latest was in March 2022.
Total deals
26
Secondary share transfers
21
Funding rounds
3
Rights issues
2
Disclosed funding
₹4.9 Cr
Deals on record (5 of 26)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Goodview Agencies Pvt Ltd |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: Ramrup Credit and Leasing Private Limited Seller: Everest Ferro Alloys Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Ramrup Credit and Leasing Private Limited Seller: Everest Ferro Alloys Private Limited |
| Dec 2015 | Rights issue | ₹2.86 Cr | Investors: Vidhan Sales Agencies Pvt.Ltd. |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Megha Bidyut Private Limited , Shubham Ispat Private Limited, an individual Seller: Belur Properties Private Limited |
To see the full deal history of Solid Ply Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Solid Ply Private Limited has 19 court cases on record: 17 filed by Solid Ply, 2 filed against it. 2 cases are pending and 17 are disposed.
Total cases
19
Filed by the company
17
Filed against the company
2
Pending
2
Disposed
17
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 1 | 2 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Company petition | Filed by the company against Mani Tirumala Projects Private Limited | Disposed |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Ltd., and 3 others | Disposed |
| District court, Calcutta, West Bengal | Court case (WBSEA) | Filed by the company against an individual | Pending |
| District court, Visakapatnam, Andhra Pradesh | Criminal complaint | Filed by the company against M/S S.S.Ply and Hardware, Rep. by Proop. Satya Patro | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against The State of Andhra Pradesh , and 1 other | Disposed |
To see the full case history of Solid Ply 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.
Credit ratings & regulatory alerts
Solid Ply Private Limited was last rated by Icra on 13 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 13 Aug 2021 |
To see the full credit ratings and regulatory alerts of Solid Ply Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solid Ply Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solid Ply Private Limited has a workforce of 49 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
49
Active EPFO establishments
1
Employee growth
4.26%
GST
Solid Ply has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAACF4472A1Z0 | Andhra Pradesh | Active | 01 Jul 2017 |
| 22AAACF4472A1ZB | Chhattisgarh | Active | 25 Dec 2019 |
To see the full GST registrations and return filing status of Solid Ply Private Limited, buy the company report.
Recent activity
Solid Ply Private Limited has 10 board changes on record since 2013: 3 appointments and 7 cessations. The latest: Pawan Kumar Godara was appointed as Additional Director on 30 Jan 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 10.00 Cr registered on 10 Dec 2024 with Charge ID 101038294 was modified on 07 Feb 2025.
Charges
A charge with State Bank Of India of Rs. 11.12 Cr registered on 17 Jun 2006 with Charge ID 80039392 was modified on 07 Feb 2025.
Appointed
Pawan Kumar Godara was appointed as Additional Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.00 Cr with Charge ID 101038294 was registered on 10 Dec 2024.
AGM
Solid Ply Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ritam Sinha ceased to be Additional Director.
Filing
Solid Ply Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.07 Cr with Charge ID 100585004 was registered on 30 Apr 2022.
Ceased
Kusum Lata Agarwal ceased to be Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100438693 was registered on 12 Jan 2021.
Ceased
Lakshmi Chand Garg ceased to be Additional Director.
Charges
A charge registered on 28 Mar 2014 via Charge ID 10490214 with Reliance Capital Ltd was fully satisfied on 01 Dec 2020.
11 earlier events are in the company report.
Frequently asked questions
Solid Ply is an active private limited company based in Kolkata, West Bengal, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 04 August 1997 (29+ years old) and is registered under CIN U20212WB1997PTC085073.
Solid Ply has 2 current directors:
- Saket Garg - Director
- Pawan Kumar Godara - Additional Director
The latest financial statements of Solid Ply 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 Solid Ply is 37AAACF4472A1Z0, registered in Andhra Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 22AAACF4472A1ZB (Chhattisgarh).
The CIN (Corporate Identification Number) of Solid Ply is U20212WB1997PTC085073. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solid Ply has 19 court cases on record: 17 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Solid Ply was incorporated on 04 August 1997, making it 29+ years old. It is registered with the Registrar of Companies, Kolkata.
Solid Ply has 26 deals on record (21 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹4.9 Cr; the latest was in March 2022.
The peers of Solid Ply by revenue are Jolly Board Private Limited, Austin Plywood Private Limited, Saburi Panels Private Limited, Lamtuf Limited, Swadesh Plywoods Private Limited and 2 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Pawan Kumar Godara was appointed as Additional Director on 30 Jan 2025. Ritam Sinha ceased to be Additional Director on 16 Sep 2024. Kusum Lata Agarwal ceased to be Director on 31 Mar 2021. Solid Ply has 10 board changes on record in total.
Yes, Solid Ply is registered as a medium enterprise under Udyam registration (number: UDYAM-AP-10-0007149).
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