Solace Cogen Private Limited

Solace Cogen Private Limited - energy and power in Panvel, Maharashtra, India. FY 2026 financials & compliance.
CIN U29309MH2018PTC316133 Incorporated 23 October 2018 ROC Mumbai HQ Panvel, Maharashtra, India
Active Private Limited Company energy and power
Data last updated
Revenue · FY 2023
₹4.7 Cr
▲ 118% YoY
Net profit · FY 2023
₹32.12 Lakh
Net margin 6.8%
EBITDA · FY 2023
₹71.14 Lakh
EBITDA margin 15.1%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹2.76 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
2
As per MCA filings

About Solace Cogen Private Limited

Data last updated:

Solace Cogen Private Limited is a private limited company based in Panvel, Maharashtra, India, recognised as a startup by DPIIT. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 23 October 2018 and has been in existence for over 8 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29309MH2018PTC316133. Its GSTIN is 27ABBCS0405N1ZD (Maharashtra).

The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Mugdha Mahesh Rane and Mahesh Rajaram Rane.

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 1003 A Wing Tulsi Prerna Plot No. 9 Nr Netrajyot Hospital Khanda Colony, Panvel, Maharashtra, India – 410206.

As per the financials filed for FY 2023, the company reported a revenue of ₹4.7 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net profit of ₹32.12 Lakh (net margin 6.8%) and EBITDA of ₹71.14 Lakh (EBITDA margin 15.1%).

The company is associated with 1 brand: Solace Cogen. As per MCA filings, the company has open charges of ₹2.76 Cr on record. Court records list 3 cases involving the company, including 3 filed against it; 1 case is pending.

For more details, the company can be reached via its website solacecogen.com.

Company Details of Solace Cogen Private Limited
CIN U29309MH2018PTC316133
Registration Number 316133
Incorporation Date 23 October 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
DPIIT Recognition Recognised Startup
Key People
Mugdha Mahesh Rane Director Mahesh Rajaram Rane Additional Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    solacecogen.com
  • Social Media
    Locked
  • Registered Address
    1003 A Wing Tulsi Prerna Plot No. 9 Nr Netrajyot Hospital Khanda Colony, Panvel, Maharashtra, India – 410206
  • Industry
    Energy and Power, Power Equipment Manufacturers
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Financials, compliance, directors, charges, ownership and filings for Solace Cogen Private Limited in one report.

Financials from FY 2019 Directors & ownership Charges & compliance

Business Activity of Solace Cogen Private Limited

The main business activity of Solace Cogen is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Turnover share and past changes in activity are in the company report.

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Financials of Solace Cogen Private Limited FY 2023 filings available

Solace Cogen Private Limited reported revenue of ₹4.7 Cr (up 118% YoY) for FY 2023.

Revenue · FY 2023
₹4.7 Cr ▲ 118%
Net profit · FY 2023
₹32.12 Lakh margin 6.8%
EBITDA · FY 2023
₹71.14 Lakh margin 15.1%

Compounded Annual Growth Rate (CAGR) of Solace Cogen Private Limited

Revenue CAGR growth
1 year
▲ 118%
EBITDA CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 65%

Revenue rose 118% in the latest year. EBITDA rose 24% 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 of Solace Cogen Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
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₹71.14 Lakh••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹32.12 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 of Solace Cogen Private Limited

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin15.1%••••••••••••••••
Net Profit Margin6.8%••••••••••••••••
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••••••••••••••••••••

Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solace Cogen are in the company report.

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Financial statements from FY 2019

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Peer Comparison of Solace Cogen Private Limited

Solace Cogen Private Limited is compared with the companies closest to it by revenue in the Power industry (Power Equipment Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Prativa Engineers & Sons Private Limited••••••••••••••••-Shyamnagar, West Bengal, India
Sigma-Pi Power Sources Private Limited••••••••••••••••-R A Puram Chennai-600 028., Tamil Nadu, India
Numax Energy Solutions Private Limited••••••••••••••••-Cherlapally, Telangana, India
New (National Traders) Private Limited••••••••••••••••-Cuttack, Orissa, India
Selvo Electricals India Private Limited••••••••••••••••-Delhi, India
Solace Cogen Private Limited this company••••••••••••••••-Panvel, Maharashtra, India
Veeral Controls Private Limited••••••••••••••••18Gandhinagar, Gujarat, India
Control Electric Company Private Limited••••••••••••••••-New Delhi, Delhi, India
Noel Engineering Private Limited••••••••••••••••-Ambernath, Maharashtra, India
Surya Shakthi Equipments Private Limited••••••••••••••••-Sivakasi, Tamil Nadu, India
Remag Electros Private Limited••••••••••••••••-Sundergarh, Orissa, India

Peers are the five companies nearest above and the five nearest below Solace Cogen by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.

Auditor Details of Solace Cogen Private Limited

Solace Cogen Private Limited is audited by Trupti M.Gangar for the financial year 2022.

NameStatusAppointment DateCessation Date
Trupti M.GangarLockedLockedLocked
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Board of Directors of Solace Cogen Private Limited

Solace Cogen has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mugdha Mahesh Rane
Also directs: Sidhidai Agro Private Limited, Mamoritai Steel Private Limited, Thermoshubham Heating Systems Private Limited and 3 more
Director20 Jun 20233 Years 3 MonthsCurrent
Mahesh Rajaram Rane
Also directs: Sidhidai Agro Private Limited, Mamoritai Steel Private Limited, Thermoshubham Heating Systems Private Limited and 4 more
Additional Director14 Feb 20251 Years 7 MonthsCurrent
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Ownership and Shareholding of Solace Cogen Private Limited

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Charges & Borrowings of Solace Cogen Private Limited

Open charges
₹2.76 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹2.76 Cr
Latest charge details
DateLenderAmountStatus
30 Dec 2020Others₹2.76 CrOpen

Total charge records: 1 View all charges

Associated Brands with Solace Cogen Private Limited

Solace Cogen operates one associated brand: Solace Cogen. Each brand links to its own profile.

BrandDescriptionWebsite
Solace Cogen
Provider of solar power solutions including concentrated solar thermal power plants and photovoltaic systemssolacecogen.com

Employees and EPFO Compliance at Solace Cogen Private Limited

Employment history and EPFO contributions of people linked to Solace Cogen.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Solace Cogen Private Limited

Solace Cogen Private Limited has 9 board changes on record since 2019: 2 appointments and 7 cessations. The latest: Mahesh Rajaram Rane was appointed as Additional Director on 14 Feb 2025.

Appointed
Mahesh Rajaram Rane was appointed as Additional Director.
Ceased
Nehal Mahesh Rane ceased to be Director.
Ceased
Jugal Kishore Bhagat ceased to be Additional Director.
Ceased
Rekha Bhagat ceased to be Additional Director.
Ceased
Rekha Bhagat Devi ceased to be Additional Director.
AGM
Solace Cogen Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Appointed
Mugdha Mahesh Rane was appointed as Director.
Ceased
Shubham Mahesh Rane ceased to be Director.
Filing
Solace Cogen Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Charges
A charge with Others of Rs. 2.76 Cr registered on 30 Dec 2020 with Charge ID 100414101 was modified on 02 Jun 2022.
Charges
A charge with Others amounted to Rs. 2.76 Cr with Charge ID 100414101 was registered on 30 Dec 2020.
Ceased
Shital Sanjay Ingle ceased to be Director.

2 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Solace Cogen Private Limited

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MSME Payment Delays by Solace Cogen Private Limited

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Subsidiaries & Group Companies of Solace Cogen Private Limited

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GST Compliance of Solace Cogen Private Limited

Solace Cogen has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27ABBCS0405N1ZDMaharashtraActive29 Dec 2018
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MCA Filings & Documents of Solace Cogen Private Limited

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Frequently Asked Questions about Solace Cogen Private Limited

Solace Cogen is an active private limited company based in Panvel, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 23 October 2018 (8+ years old) and is registered under CIN U29309MH2018PTC316133.

Solace Cogen reported revenue of ₹4.7 Cr for FY 2023 (up 118% YoY).

Solace Cogen has 2 current directors:

Solace Cogen reported a net profit of ₹32.12 Lakh (net margin 6.8%) and EBITDA of ₹71.14 Lakh (EBITDA margin 15.1%) for FY 2023, as per its filed financial statements.

The GSTIN of Solace Cogen is 27ABBCS0405N1ZD, registered in Maharashtra.

The CIN (Corporate Identification Number) of Solace Cogen is U29309MH2018PTC316133. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Solace Cogen has 3 court cases on record: 3 filed against it. 1 is pending.

Solace Cogen was incorporated on 23 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Solace Cogen by revenue are Prativa Engineers & Sons Private Limited, Sigma-Pi Power Sources Private Limited, Numax Energy Solutions Private Limited, New (National Traders) Private Limited, Selvo Electricals India Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).

Mahesh Rajaram Rane was appointed as Additional Director on 14 Feb 2025. Nehal Mahesh Rane ceased to be Director on 14 Feb 2025. Jugal Kishore Bhagat ceased to be Additional Director on 18 Dec 2024. Solace Cogen has 9 board changes on record in total.

Yes, Solace Cogen is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

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