India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #1,113 Manik Garg & family ₹2,300 Cr
- #1,140 Neelesh Garg & family ₹2,200 Cr
Saatvik Solar Industries Private Limited
Saatvik Solar Industries Private Limited - environment in Chandigarh, India. Directors, charges & compliance details.
Active Private Limited Company environment
Revenue · FY 2025
₹1,186.92 Cr
▲ 31910% YoY
Net profit · FY 2025
₹63.96 Cr
Net margin 5.4%
EBITDA · FY 2025
₹116.08 Cr
EBITDA margin 9.8%
Authorised capital
₹8.51 Cr
Registered with MCA
Paid-up capital
₹8.51 Cr
Issued & subscribed
Open charges
₹2,157.27 Cr
Satisfied ₹81.5 Cr
Company age
3 yrs
Est. 2023
Directors on board
4
As per MCA filings
About Saatvik Solar Industries Private Limited
Data last updated:
Saatvik Solar Industries Private Limited is a private limited company based in Chandigarh, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 08 April 2023.
Its director Manik Garg and family are #1,113 among India's richest people (2026). Its director Neelesh Garg and family are #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U43222CH2023PTC044976.
The company has an authorised share capital of ₹8.51 Cr and a paid-up capital of ₹8.51 Cr. It is led by directors including Narendra Mairpady and Neelesh Garg.
Its last annual general meeting (AGM) was held on 11 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at W3F Godrej Eternia Plot No 70, Industrial Area Phase – I, Chandigarh, India – 160002.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,186.92 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹63.96 Cr (net margin 5.4%) and EBITDA of ₹116.08 Cr (EBITDA margin 9.8%).
As per MCA filings, the company has open charges of ₹2,157.27 Cr and satisfied charges of ₹81.5 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
Company details
CIN U43222CH2023PTC044976
Registration Number 044976
Incorporation Date 08 April 2023
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 July 2025
Date of Balance Sheet 31 March 2025
Recognitions & Rankings of Saatvik Solar Industries
Contact details
Saatvik Solar Industries Private Limited's registered office is in Chandigarh, Chandigarh.
- Registered AddressW3F Godrej Eternia Plot No 70, Industrial Area Phase – I, Chandigarh, India – 160002
- IndustryEnvironment, Solar Energy Solutions
Comprehensive company report
Saatvik Solar Industries 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 Saatvik Solar Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Saatvik Solar Industries Private Limited, buy the company report.
Financials of Saatvik Solar Industries Private Limited
FY 2025 filings availableSaatvik Solar Industries Private Limited reported revenue of ₹1,186.92 Cr (up 31910% YoY) for FY 2025.
Revenue · FY 2025
₹1,186.92 Cr ▲ 31910%
Net profit · FY 2025
₹63.96 Cr margin 5.4%
EBITDA · FY 2025
₹116.08 Cr margin 9.8%
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 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 | ₹116.08 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹63.96 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
| Metrics | FY 2024-25 | FY 2023-24 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 9.8% | |
| Net Profit Margin | 5.4% | |
| 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 Saatvik Solar Industries Private Limited, buy the company report.
Board of directors of Saatvik Solar Industries Private Limited
Saatvik Solar Industries has 4 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 |
|---|---|---|---|---|
| Narendra Mairpady Also directs: Kesar Enterprises Limited, Ipca Laboratories Limited, Saatvik Green Energy Limited and 5 more | Director | 06 Nov 2025 | 1 Years 0 Months | Current |
| Neelesh Garg Also directs: Saatvik Green Energy Limited, Kamla Hi-Tech LLP, Saatvik Agro Processors Private Limited and 5 more | Director | 13 Mar 2024 | 2 Years 7 Months | Current |
| Manik Garg Also directs: Saatvik Green Energy Limited, Kamla Hi-Tech LLP, Saatvik Agro Processors Private Limited and 5 more | Director | 13 Mar 2024 | 2 Years 7 Months | Current |
| Manavika Garg | Director | 05 Dec 2024 | 1 Years 11 Months | Current |
Charges & borrowings
Open charges
₹2,157.27 Cr
Satisfied charges
₹81.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Nov 2025 | 101206939 | Others | ₹175 Cr | Open | |
| 04 Nov 2025 | 101186270 | Others | ₹1,295 Cr | Open | |
| 25 Sep 2024 | 100988332 | Others | ₹100 Cr | Open | |
| 29 Jul 2024 | 100958733 | Axis Bank Limited | ₹249 Cr | Open | |
| 12 Oct 2023 | 100802082 | Hdfc Bank Limited | ₹228.27 Cr | Open |
To see the full charge records of Saatvik Solar Industries Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Saatvik Solar Industries Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Saatvik Green Energy Limited Seller: an individual |
| Feb 2024 | Secondary share transfer | Undisclosed | Buyer: Saatvik Green Energy Limited Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Saatvik Solar Industries Private Limited has 3 court cases on record: 1 filed by Saatvik Solar Industries, 2 filed against it. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ambala, Haryana | Civil suit | Filed against the company by an individual | Pending |
| District court, Ambala, Haryana | Civil suit | Filed against the company by an individual | Pending |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against Union of India and Others | Disposed |
To see the full case history of Saatvik Solar Industries 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 Saatvik Solar Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Saatvik Solar Industries Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Saatvik Solar Industries Private Limited has 12 board changes on record since 2024: 6 appointments and 6 cessations. The latest: Narendra Mairpady ceased to be Additional Director on 11 Nov 2025.
Charges
A charge with Axis Bank Limited of Rs. 249.00 Cr registered on 29 Jul 2024 with Charge ID 100958733 was modified on 16 Jan 2026.
Charges
A charge with Others of Rs. 110.00 Cr registered on 18 Sep 2023 with Charge ID 100794474 was modified on 15 Jan 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 228.27 Cr registered on 12 Oct 2023 with Charge ID 100802082 was modified on 23 Dec 2025.
Charges
A charge with Others amounted to Rs. 175.00 Cr with Charge ID 101206939 was registered on 14 Nov 2025.
Ceased
Narendra Mairpady ceased to be Additional Director.
Appointed
Narendra Mairpady was appointed as Director.
Charges
A charge with Others amounted to Rs. 1,295.00 Cr with Charge ID 101186270 was registered on 04 Nov 2025.
Charges
A charge registered on 27 Feb 2025 via Charge ID 101091247 with Others was fully satisfied on 17 Oct 2025.
Charges
A charge registered on 18 Sep 2023 via Charge ID 100794480 with Others was fully satisfied on 17 Oct 2025.
Ceased
Sarita Rajesh Zele ceased to be Additional Director.
Appointed
Abani Kant Jha was appointed as CFO.
Appointed
Sarita Rajesh Zele was appointed as Additional Director.
18 earlier events are in the company report.
News
Frequently asked questions
Saatvik Solar Industries is an active private limited company based in Chandigarh, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 08 April 2023 (3+ years old) and is registered under CIN U43222CH2023PTC044976.
Saatvik Solar Industries has 4 current directors:
- Narendra Mairpady - Director
- Neelesh Garg - Director
- Manik Garg - Director
- Manavika Garg - Director
The latest financial statements of Saatvik Solar Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 July 2025. Year-wise statements from FY 2024 are in the company report.
The CIN (Corporate Identification Number) of Saatvik Solar Industries is U43222CH2023PTC044976. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saatvik Solar Industries has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Saatvik Solar Industries was incorporated on 08 April 2023, making it 3+ years old. It is registered with the Registrar of Companies, Chandigarh.
Saatvik Solar Industries has 2 deals on record (2 secondary share transfers); the latest was in March 2024.
Narendra Mairpady ceased to be Additional Director on 11 Nov 2025. Narendra Mairpady was appointed as Director on 06 Nov 2025. Sarita Rajesh Zele ceased to be Additional Director on 27 Jul 2025. Saatvik Solar Industries has 12 board changes on record in total.
The registered office of Saatvik Solar Industries is at W3F Godrej Eternia Plot No 70, Industrial Area Phase – I, Chandigarh, India – 160002.
Saatvik Solar Industries operates in the environment industry, in the solar energy solutions segment.
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