MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-30-0002947
Sol India Private Limited - chemicals and materials in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹94.67 Cr
▲ 8% YoY
Net loss · FY 2025
₹10.72 Cr
Net margin -11.3%
EBITDA · FY 2025
-₹3.29 Cr
EBITDA margin -3.5%
Authorised capital
₹109 Cr
Registered with MCA
Paid-up capital
₹70.4 Cr
Issued & subscribed
Open charges
₹13.75 Cr
Satisfied ₹7.5 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
50
Provident fund records
About Sol India Private Limited
Data last updated:
Sol India Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Sol S.P.A. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 07 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24120TN2010PTC075627. Its GSTIN is 33AAOCS2470H1Z9 (Tamil Nadu). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹109 Cr and a paid-up capital of ₹70.4 Cr. It was formerly known as Sicgilsol India Private Limited and Sol Private Limited. It is led by directors including Daniele Forni (Managing Director) and Venkatesan (Whole-Time Director).
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 No.3 Tarapore Towers No.826 Anna Salai, Chennai, Tamil Nadu, India – 600002.
As per the financials filed for FY 2025, the company reported a revenue of ₹94.67 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹10.72 Cr (net margin -11.3%) and EBITDA of -₹3.29 Cr (EBITDA margin -3.5%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 9% over five years.
The company has about 50 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.75 Cr and satisfied charges of ₹7.5 Cr on record. Court records list 256 cases involving the company, including 83 filed by the company and 173 filed against it; 74 cases are pending. The company has 14 deals on record (8 funding rounds, 4 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹138.95 Cr; the latest was in March 2024. Its 3 peer companies in the Chemicals industry (Industrial Gases), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 1 smaller; the largest is Gupta Oxygen Private Limited with revenue of ₹133.13 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 27 overdue payments to 18 micro and small suppliers.
Sol India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-30-0002947). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sicgilsol.com.
Company details
CIN U24120TN2010PTC075627
Registration Number 075627
Incorporation Date 07 May 2010
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Sol S.P.A
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-30-0002947
Name history
Sol India has undergone 2 name changes throughout its history. The company was previously known as Sicgilsol India Private Limited, and Sol Private Limited. The current legal name is Sol India Private Limited.
| Company Name | Status |
|---|---|
| Sol India Private Limited | Current |
| Sicgilsol India Private Limited | Previous |
| Sol Private Limited | Previous |
Key People
Daniele Forni Managing Director Venkatesan Whole-Time Director Renato Emilio Imeri Director Recognitions & Rankings of Sol India
Contact details
Sol India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is sicgilsol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.3 Tarapore Towers No.826 Anna Salai, Chennai, Tamil Nadu, India – 600002
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Sol India Private Limited, buy the company report.
Comprehensive company report
Sol India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Sol India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Sol India Private Limited, buy the company report.
Financials of Sol India Private Limited
FY 2025 filings availableSol India Private Limited reported revenue of ₹94.67 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹94.67 Cr ▲ 8%
Net loss · FY 2025
₹10.72 Cr margin -11.3%
EBITDA · FY 2025
-₹3.29 Cr margin -3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 7%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▼ 211%
3 years · compounded
▼ 34%
5 years · compounded
▼ 27%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 8% growth in the latest year. EBITDA fell 211% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Total Expenses | |||||
| EBITDA | -₹3.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.72 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -3.5% | ||||
| Net Profit Margin | -11.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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| Net Profit Growth | |||||
To see the full financial statements and ratios of Sol India Private Limited, buy the company report.
Board of directors of Sol India Private Limited
Sol India 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 |
|---|---|---|---|---|
| Venkatesan | Whole-Time Director | 23 Dec 2020 | 5 Years 10 Months | Current |
| Renato Emilio Imeri | Director | 27 Nov 2020 | 5 Years 10 Months | Current |
| Nauzer Farooque Dadabhoy Also directs: Sicgil India Limited, Sicgil Industrial Gases Limited | Director | 30 May 2014 | 12 Years 4 Months | Current |
| Daniele Forni | Managing Director | 14 May 2010 | 16 Years 5 Months | Current |
| Marco Annoni | Director | 14 May 2010 | 16 Years 5 Months | Current |
| Giulio Lao Fumagalli Romario | Additional Director | 04 Aug 2026 | 0 Years 2 Months | Current |
Peer comparison
Sol India Private Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Industrial Gases), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gupta Oxygen Private Limited | ₹133.13 Cr (FY 2025) | 44.0% | Hisar, Haryana, India | |||
| Punjab Carbonic Private Limited | ₹97.54 Cr (FY 2024) | 8.0% | Talwandi Sabo, Punjab, India | |||
| Sol India Private Limitedthis company | ₹94.67 Cr (FY 2025) | -₹10.72 Cr | -11.3% | 8.0% | 50 | Chennai, Tamil Nadu, India |
| Aditya Air Products Private Limited | ₹84.48 Cr (FY 2025) | 11.0% | Delhi, India |
To see the full peer comparison of Sol India Private Limited, buy the company report.
Auditor
Sol India Private Limited is audited by K.V SENTHILNATHAN ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K.V SENTHILNATHAN ASSOCIATES | FY 2024 | 016884S |
Shareholding
The shareholding of Sol India 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 Sol India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.75 Cr
Satisfied charges
₹7.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2016 | 100060471 | Hdfc Bank Limited | ₹7 Cr | Open | |
| 28 Jul 2016 | 100054573 | Others | ₹25.63 Lakh | Open | |
| 03 Mar 2016 | 100025450 | Hdfc Bank Limited | ₹2 Cr | Open | |
| 18 Dec 2014 | 10559225 | Hdfc Bank Limited | ₹23.96 Lakh | Open | |
| 22 Aug 2013 | 10453977 | Hdfc Bank Limited | ₹12 Lakh | Open |
To see the full charge records of Sol India Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Sol India Private Limited has 14 deals on record (8 funding rounds, 4 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹138.95 Cr; the latest was in March 2024.
Total deals
14
Funding rounds
8
Convertible or debt financings
4
Secondary share transfers
2
Disclosed funding
₹138.95 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Green Asu Plant Private Limited , an individual Seller: Sicgil India Limited |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Sicgil India Limited |
| Oct 2019 | Funding round | ₹9 Cr | Investors: Sicgil India Limited |
| Oct 2017 | Funding round | ₹12.21 Cr | Investors: Sicgil India Limited |
| Mar 2015 | Funding round | ₹4 Cr | Investors: Sicgil India Limited , an individual |
To see the full deal history of Sol India 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
Sol India Private Limited has 256 court cases on record: 83 filed by Sol India, 173 filed against it. 74 cases are pending and 182 are disposed.
Total cases
256
Filed by the company
83
Filed against the company
173
Pending
74
Disposed
182
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 227 | 162 | 70 |
| High courts | 25 | 10 | 3 |
| Supreme Court | 3 | 0 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 256)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against Anglomonto Resource Pvt. Ltd. and 2 others | Pending |
| District court, RAJKOT, Gujarat | Criminal complaint | Filed by the company against DBL Network Pvt Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Yes Bank Ltd Through Ms Priya Bhange | Disposed |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by individuals | Pending |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by an individual | Pending |
To see the full case history of Sol India 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
Sol India Private Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 27 overdue payments to 18 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Sri Bharath Gases | |||
| Brilliant Enterprises | |||
| Sai Baba Business Solutions Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Sol India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sol India Private Limited has a workforce of 50 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
50
Active EPFO establishments
1
Employee growth
6.38%
GST
Sol India has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
5
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAOCS2470H1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
| 24AAOCS2470H2Z7 | Gujarat | Active | 01 Jul 2017 |
| 27AAOCS2470H1Z2 | Maharashtra | Active | 01 Jul 2017 |
| 29AAOCS2470H1ZY | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sol India Private Limited, buy the company report.
Recent activity
Sol India Private Limited has 12 board changes on record since 2010: 6 appointments and 6 cessations. The latest: Giulio Lao Fumagalli Romario was appointed as Additional Director on 04 Aug 2026.
Appointed
Giulio Lao Fumagalli Romario was appointed as Additional Director.
AGM
Sol India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sol India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 20 Jun 2016 via Charge ID 100057586 with Hdfc Bank Limited was fully satisfied on 08 Jul 2021.
Ceased
Farooque Dadabhoy Loveji ceased to be Director.
Appointed
Venkatesan was appointed as Whole-Time Director.
Appointed
Renato Emilio Imeri was appointed as Director.
Ceased
Vasudev Narayan Vijaykumar ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 7.00 Cr registered on 02 Aug 2016 with Charge ID 100060471 was modified on 18 Jan 2018.
Ceased
Athiyan Ramanathan ceased to be Company Secretary.
Charges
A charge with Hdfc Bank Limited of Rs. 7.50 Cr registered on 20 Jun 2016 with Charge ID 100057586 was modified on 30 Dec 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 7.00 Cr with Charge ID 100060471 was registered on 02 Aug 2016.
15 earlier events are in the company report.
Frequently asked questions
Sol India is an active private limited company based in Chennai, Tamil Nadu, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 07 May 2010 (16+ years old) and is registered under CIN U24120TN2010PTC075627.
Sol India has 6 current directors:
- Daniele Forni - Managing Director
- Venkatesan - Whole-Time Director
- Renato Emilio Imeri - Director
- Nauzer Farooque Dadabhoy - Director
- Marco Annoni - Director
- Giulio Lao Fumagalli Romario - Additional Director
The latest financial statements of Sol India 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 2015 are in the company report.
The GSTIN of Sol India is 33AAOCS2470H1Z9, registered in Tamil Nadu. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 24AAOCS2470H2Z7 (Gujarat), 27AAOCS2470H1Z2 (Maharashtra), 29AAOCS2470H1ZY (Karnataka).
The CIN (Corporate Identification Number) of Sol India is U24120TN2010PTC075627. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sol India has 256 court cases on record: 83 filed by the company and 173 filed against it. 74 are pending. Most are in the district courts.
Sol India was incorporated on 07 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chennai.
Sol India has 14 deals on record (8 funding rounds, 4 convertible or debt financings, 2 secondary share transfers), with disclosed funding of ₹138.95 Cr; the latest was in March 2024.
The peers of Sol India by revenue are Gupta Oxygen Private Limited, Punjab Carbonic Private Limited, Aditya Air Products Private Limited, all in the Chemicals industry (Industrial Gases), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Giulio Lao Fumagalli Romario was appointed as Additional Director on 04 Aug 2026. Farooque Dadabhoy Loveji ceased to be Director on 18 Jan 2021. Venkatesan was appointed as Whole-Time Director on 23 Dec 2020. Sol India has 12 board changes on record in total.
Yes, Sol India is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-30-0002947).
Sol India has 5 MSME Form 1 returns on record between 2019 and 2020, listing 27 overdue payments to 18 micro and small suppliers. The latest return was filed on 03 Apr 2021.