Solace Renewable Energy Private Limited

Solace Renewable Energy Private Limited - infrastructure and utilities in Kolkata, West Bengal, India. FY 2026 financials & compliance.
CIN U40106WB2011PTC163932 Incorporated 20 June 2011 ROC Kolkata HQ Kolkata, West Bengal, India
Active Private Limited Company infrastructure and utilities MSME · Small
Data last updated
Revenue · FY 2024
₹2.14 Cr
▼ 72% YoY
Net loss · FY 2024
₹1.13 Cr
Net margin -52.5%
EBITDA · FY 2024
-₹77.9 Lakh
EBITDA margin -36.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹1.87 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
16
Provident fund records

About Solace Renewable Energy Private Limited

Data last updated:

Solace Renewable Energy Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the power infrastructure and energy projects segment of the infrastructure and utilities sector. It was incorporated on 20 June 2011 and has been in existence for over 15 years.

The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U40106WB2011PTC163932. Its GSTIN is 19AAQCS0957H1ZT (West Bengal). The company holds 3 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Samrat Laha and Anish Kumar Hota.

Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 20 Kankulia Road, Kolkata, West Bengal, India – 700029.

As per the financials filed for FY 2024, the company reported a revenue of ₹2.14 Cr, a decline of 72% compared to the previous year. For the same year it recorded a net loss of ₹1.13 Cr (net margin -52.5%) and EBITDA of -₹77.9 Lakh (EBITDA margin -36.3%). Revenue has declined at a compounded annual rate (CAGR) of 23% over three years and 11% over five years.

The company has about 16 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹1.87 Cr on record. Court records list 2 cases involving the company, including 2 filed against it; 2 cases are pending.

Solace Renewable Energy Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0035093). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solacepower.com.

Company details

CIN U40106WB2011PTC163932
Registration Number 163932
Incorporation Date 20 June 2011
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0035093
Key People
Samrat Laha Director Anish Kumar Hota Director Pratyusha Pathak Director

Recognitions & Rankings of Solace Renewable Energy

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-WB-10-0035093

Contact details

Solace Renewable Energy Private Limited's registered office is in Kolkata, West Bengal. Its website is solacepower.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    solacepower.com
  • Registered Address
    20 Kankulia Road, Kolkata, West Bengal, India – 700029
  • Industry
    Infrastructure and Utilities, Power Infrastructure & Energy Projects

To see the full contact details of Solace Renewable Energy Private Limited, buy the company report.

Comprehensive company report
Solace Renewable Energy 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 Solace Renewable Energy is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
DElectricity, gas, steam and air condition supplyD1Electric power generation, transmission and distribution

To see the full business activity and turnover split of Solace Renewable Energy Private Limited, buy the company report.

Financials of Solace Renewable Energy Private Limited

FY 2024 filings available

Solace Renewable Energy Private Limited reported revenue of ₹2.14 Cr (down 72% YoY) for FY 2024.

Revenue · FY 2024
₹2.14 Cr ▼ 72%
Net loss · FY 2024
₹1.13 Cr margin -52.5%
EBITDA · FY 2024
-₹77.9 Lakh margin -36.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 72%
3 years · compounded
▼ 23%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 309%
3 years · compounded
▼ 76%
5 years · compounded
▼ 45%

Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 72% fall in the latest year. EBITDA fell 309% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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-₹77.9 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.13 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-36.3%
Net Profit Margin-52.5%
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 Solace Renewable Energy Private Limited, buy the company report.

Board of directors of Solace Renewable Energy Private Limited

Solace Renewable Energy has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Samrat Laha
Also directs: Eastern Solar Federation
Director20 Jun 201115 Years 4 MonthsCurrent
Anish Kumar HotaDirector21 May 20242 Years 5 MonthsCurrent
Pratyusha PathakDirector21 May 20242 Years 5 MonthsCurrent
View all directors

Peer comparison

Solace Renewable Energy Private Limited is compared with the 3 companies closest to it by revenue in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Torrid Solar Power Private Limited₹2.2 Cr (FY 2025)-1.0%Sadashivnagar, Karnataka, India
Solace Renewable Energy Private Limitedthis company₹2.14 Cr (FY 2024)-₹1.13 Cr-52.5%-72.0%16Kolkata, West Bengal, India
Vivacity Renewable Energy Private Limited₹2.13 Cr (FY 2024)39.0%Nayagarh, Odisha, India
Gridx Solar Private Limited₹2.11 Cr (FY 2024)Delhi, India

To see the full peer comparison of Solace Renewable Energy Private Limited, buy the company report.

Auditor

Solace Renewable Energy Private Limited is audited by GAURAV S K AGARWAL & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
GAURAV S K AGARWAL & ASSOCIATESFY 2023327740E

Shareholding

The shareholding of Solace Renewable Energy 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Solace Renewable Energy Private Limited, buy the company report.

Charges & borrowings

Open charges
₹1.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Others₹1.87 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Nov 2021100506081Others₹12 LakhOpen
04 May 201210353053Others₹1.75 CrOpen

To see the full charge records of Solace Renewable Energy Private Limited, buy the company report.

Total charge records: 2 View all charges

MSME payment delays

Solace Renewable Energy Private Limited has 9 MSME Form 1 returns on record between 2018 and 2022, listing 49 overdue payments to 31 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 31)

SupplierAmount dueDue sinceReported on
an individual supplier
Basil Inc
Renewtech Power Management
an individual supplier
Advantex Solar LLP

To see the full MSME payment records of Solace Renewable Energy Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Solace Renewable Energy Private Limited has a workforce of 16 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.

Employee count
16
Active EPFO establishments
1
Employee growth
-11.11%

GST

Solace Renewable Energy has 3 GST registrations: 1 active and 2 cancelled or inactive.

Total GSTINs
3
Active
1
Cancelled / inactive
2
GSTINStateStatusRegistered on
19AAQCS0957H1ZTWest BengalActive01 Jul 2017

To see the full GST registrations and return filing status of Solace Renewable Energy Private Limited, buy the company report.

Recent activity

Solace Renewable Energy Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Anish Kumar Hota was appointed as Director on 21 May 2024.

AGM
Solace Renewable Energy Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Appointed
Anish Kumar Hota was appointed as Director.
Ceased
Madhusree Laha ceased to be Director.
Appointed
Pratyusha Pathak was appointed as Director.
Ceased
Shila Laha ceased to be Director.
Filing
Solace Renewable Energy Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Others amounted to Rs. 12.00 Lakh with Charge ID 100506081 was registered on 09 Nov 2021.
Charges
A charge with Others of Rs. 175.00 Lakh registered on 04 May 2012 with Charge ID 10353053 was modified on 26 Jun 2020.
Charges
A charge with Others amounted to Rs. 175.00 Lakh with Charge ID 10353053 was registered on 04 May 2012.
Appointed
Samrat Laha was appointed as Director.
Incorporation
20 Jun 2011
Solace Renewable Energy Private Limited was registered on 20 Jun 2011 with Roc Kolkata & aged 15 years 4 months as per MCA records.

Frequently asked questions

Solace Renewable Energy is an active private limited company based in Kolkata, West Bengal, India. The company works in power infrastructure and energy projects, within the infrastructure and utilities industry. It was incorporated on 20 June 2011 (15+ years old) and is registered under CIN U40106WB2011PTC163932.

Solace Renewable Energy has 3 current directors:

The latest financial statements of Solace Renewable Energy on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.

The GSTIN of Solace Renewable Energy is 19AAQCS0957H1ZT, registered in West Bengal. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.

The CIN (Corporate Identification Number) of Solace Renewable Energy is U40106WB2011PTC163932. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Solace Renewable Energy has 2 court cases on record: 2 filed against it. 2 are pending.

Solace Renewable Energy was incorporated on 20 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kolkata.

The peers of Solace Renewable Energy by revenue are Torrid Solar Power Private Limited, Vivacity Renewable Energy Private Limited, Gridx Solar Private Limited, all in the Infrastructure industry (Power Projects, Renewable Energy), with the same principal business activity (electric power generation, transmission and distribution).

Anish Kumar Hota was appointed as Director on 21 May 2024. Madhusree Laha ceased to be Director on 21 May 2024. Pratyusha Pathak was appointed as Director on 21 May 2024. Solace Renewable Energy has 5 board changes on record in total.

Yes, Solace Renewable Energy is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0035093).

Solace Renewable Energy has 9 MSME Form 1 returns on record between 2018 and 2022, listing 49 overdue payments to 31 micro and small suppliers. The latest return was filed on 30 Apr 2022.

Solace Renewable Energy can be reached through the website solacepower.com. Its registered office is in Kolkata, West Bengal, India.