Solace India Limited
About Solace India Limited
Data last updated:
Solace India Limited is a public limited company based in New Delhi, Delhi, India. It operates in the pharmaceutical retail and distribution segment of the pharmaceuticals sector. It was incorporated on 07 February 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PLC065169. Its GSTIN is 07AABCS0778H1ZA (Delhi).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹14.66 Lakh. It is led by directors including Mohinder Sud (Managing Director) and Sneh Sood.
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 B 407 Som Duttchambersi 5 Bhikaiji Cama Place, New Delhi, Delhi, India – 110066.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.3 Lakh, a decline of 72% compared to the previous year. For the same year it recorded a net profit of ₹2.88 Lakh (net margin 21.7%) and EBITDA of ₹3.15 Lakh (EBITDA margin 23.7%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 29% over five years.
As per MCA filings, the company has open charges of ₹25 Lakh on record. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressB 407 Som Duttchambersi 5 Bhikaiji Cama Place, New Delhi, Delhi, India – 110066
- IndustryPharma, Pharmaceutical Retailers & Distributors
- 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
- One PDF report, delivered after checkout
Business Activity of Solace India Limited
The main business activity of Solace India is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solace India Limited FY 2025 filings available
Solace India Limited reported revenue of ₹13.3 Lakh (down 72% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solace India Limited
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 72% fall in the latest year. EBITDA fell 86% 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 India Limited
| 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 | ₹3.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.88 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 India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 21.7% | •••• | •••• | •••• | •••• |
| 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 India are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Solace India Limited
Solace India Limited is compared with the companies closest to it by revenue in the Pharma industry (Pharma Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Simca Medtech Private Limited | ₹13.43 Lakh (FY 2021) | •••• | •••• | -79.0% | •••• | Delhi, India |
| Endovision Pharma Private Limited | ₹13.41 Lakh (FY 2022) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Nanowin Lifesciences Private Limited | ₹13.4 Lakh (FY 2023) | •••• | •••• | -46.0% | •••• | Lucknow, Uttar Pradesh, India |
| Subhyog Pharmaceuticals Private Limited | ₹13.31 Lakh (FY 2024) | •••• | •••• | -23.0% | •••• | Delhi, India |
| Belcourt Pharma Private Limited | ₹13.3 Lakh (FY 2025) | •••• | •••• | 33.0% | •••• | Chandigarh, India |
| Solace India Limited this company | ₹13.3 Lakh (FY 2025) | •••• | •••• | -72.0% | •••• | New Delhi, Delhi, India |
| Pharmacia Healthcare Private Limited | ₹13.29 Lakh (FY 2025) | •••• | •••• | 36.0% | •••• | Begusarai, Bihar, India |
| Somalata Ayurveda (India) Private Limited | ₹13.26 Lakh (FY 2024) | •••• | •••• | -53.0% | •••• | Puttaparthi, Andhra Pradesh, India |
| Sano Life Sciences Private Limited | ₹13.22 Lakh (FY 2021) | •••• | •••• | -38.0% | •••• | Hyderabad, Telangana, India |
| Kolkata Medicare Services Private Limited | ₹13.22 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Baruipur, West Bengal, India |
| Vibgyor Chemdye Private Limited | ₹13.21 Lakh (FY 2024) | •••• | •••• | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Solace India by revenue in the Pharma industry (Pharma Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Solace India Limited
Solace India Limited is audited by V. P. BATRA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V. P. BATRA & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Solace India Limited
Solace India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sneh Sood | Director | 12 Feb 1996 | 30 Years 7 Months | Current |
| Anjali Sud Also directs: Ailex Pharmaceuticals Private Limited | Director | 12 Feb 1996 | 30 Years 7 Months | Current |
| Mohinder Sud Also directs: Ailex Pharmaceuticals Private Limited | Managing Director | 07 Feb 1995 | 31 Years 8 Months | Current |
Ownership and Shareholding of Solace India Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solace India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jun 2001 | Canara Bank | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Solace India Limited
Solace India Limited has 2 court cases on record: 2 filed by Solace India. All cases are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Civil suit | Filed by the company against Spanco Limited | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against State Govt. of N.C.T. of Delhi | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Solace India Limited
Employment history and EPFO contributions of people linked to Solace India.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Solace India Limited
Solace India Limited has 4 board changes on record since 1995: 3 appointments and 1 cessation. The latest: Davender Sood ceased to be Whole-Time Director on 18 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Solace India Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solace India Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solace India Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solace India Limited
Solace India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCS0778H1ZA | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solace India Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solace India Limited
Solace India is an active public limited company based in New Delhi, Delhi, India. The company works in pharmaceutical retailers and distributors, within the pharma industry. It was incorporated on 07 February 1995 (31+ years old) and is registered under CIN U74899DL1995PLC065169.
Solace India reported revenue of ₹13.3 Lakh for FY 2025 (down 72% YoY).
Solace India has 3 current directors:
- Mohinder Sud - Managing Director
- Sneh Sood - Director
- Anjali Sud - Director
Solace India reported a net profit of ₹2.88 Lakh (net margin 21.7%) and EBITDA of ₹3.15 Lakh (EBITDA margin 23.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solace India is -38% over three years and -29% over five years. In the latest year (FY 2025) revenue fell 72%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solace India is 07AABCS0778H1ZA, registered in Delhi.
The CIN (Corporate Identification Number) of Solace India is U74899DL1995PLC065169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solace India has 2 court cases on record: 2 filed by the company. Most are in the high courts.
Solace India was incorporated on 07 February 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Solace India by revenue are Simca Medtech Private Limited, Endovision Pharma Private Limited, Nanowin Lifesciences Private Limited, Subhyog Pharmaceuticals Private Limited, Belcourt Pharma Private Limited and 5 more, all in the Pharma industry (Pharma Retail and Distribution).
Davender Sood ceased to be Whole-Time Director on 18 Apr 2019. Anjali Sud was appointed as Director on 12 Feb 1996. Sneh Sood was appointed as Director on 12 Feb 1996. Solace India has 4 board changes on record in total.