SG Solar Association
About SG Solar Association
Data last updated:
SG Solar Association is a private not for profit company based in Surat, Gujarat, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 26 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U85300GJ2020NPL115852.
It is led by directors including Jaydeep Bharatbhai Mangukiya and Hirenkumar Nemubhai Dhameliya.
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 303 Helios Shopping Nr. Galaxy Circle Pal, Surat, Gujarat, India – 394510.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.88 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹42,461 (net margin 3.3%) and EBITDA of ₹42,461 (EBITDA margin 3.3%).
Company details
Contact details
SG Solar Association's registered office is in Surat, Gujarat. Its e-mail address is in the company report.
- Email
- Registered Address303 Helios Shopping Nr. Galaxy Circle Pal, Surat, Gujarat, India – 394510
- IndustryEducation, Corporate Training & Development
To see the full contact details of SG Solar Association, 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
Financials of SG Solar Association
FY 2025 filings availableSG Solar Association reported revenue of ₹12.88 Lakh (up 228% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 228% in the latest year. EBITDA fell 65% 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 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 | ₹42,461 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹42,461 | ||||
| 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 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 3.3% | ||||
| 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 SG Solar Association, buy the company report.
Board of directors of SG Solar Association
SG Solar Association has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jaydip Nandlalbhai Sabhaya | Additional Director | 10 Jun 2024 | 2 Years 4 Months | Current |
| Jaydeep Bharatbhai Mangukiya | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
| Hirenkumar Nemubhai Dhameliya Also directs: Suryon Industries Private Limited, Flame Solren Private Limited | Director | 20 Jan 2026 | 0 Years 9 Months | Current |
Auditor
SG Solar Association is audited by NVS & ASSOCIATES. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NVS & ASSOCIATES. | FY 2022 | 130773W |
Shareholding
The shareholding of SG Solar Association is on record for 2 financial years, the latest being FY 2022, split between promoters, domestic institutions and public shareholders.
| Shareholder category | FY 2022 | FY 2021 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public |
To see the full shareholding pattern of SG Solar Association, buy the company report.
Legal cases
No court or tribunal cases involving SG Solar Association 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 SG Solar Association; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
SG Solar Association has 1 active EPFO establishment as of Apr 07, 2024.
GST
No GST registration is on our record for SG Solar Association; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
SG Solar Association has 12 board changes on record since 2021: 5 appointments and 7 cessations. The latest: Hirenkumar Nemubhai Dhameliya was appointed as Director on 20 Jan 2026.
3 earlier events are in the company report.
Frequently asked questions
SG Solar Association is an active private not for profit company based in Surat, Gujarat, India. The company works in corporate training and development, within the education industry. It was incorporated on 26 August 2020 (6+ years old) and is registered under CIN U85300GJ2020NPL115852.
SG Solar Association has 3 current directors:
- Jaydip Nandlalbhai Sabhaya - Additional Director
- Jaydeep Bharatbhai Mangukiya - Director
- Hirenkumar Nemubhai Dhameliya - Director
The latest financial statements of SG Solar Association on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The CIN (Corporate Identification Number) of SG Solar Association is U85300GJ2020NPL115852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SG Solar Association was incorporated on 26 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Hirenkumar Nemubhai Dhameliya was appointed as Director on 20 Jan 2026. Jaydeep Bharatbhai Mangukiya was appointed as Director on 20 Jan 2026. Dilipkumar Nanubhai Hirapara ceased to be Director on 10 Jun 2024. SG Solar Association has 12 board changes on record in total.
The registered office of SG Solar Association is at 303 Helios Shopping Nr. Galaxy Circle Pal, Surat, Gujarat, India – 394510.
SG Solar Association operates in the education industry, in the corporate training and development segment.
SG Solar Association can be reached at its registered office: 303 Helios Shopping Nr. Galaxy Circle Pal, Surat, Gujarat, India – 394510.
SG Solar Association is registered under the jurisdiction of the Registrar of Companies (ROC), Ahmedabad.