About Solana Biofuels Limited
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Solana Biofuels Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the isp and broadband services segment of the telecommunications sector. It was incorporated on 09 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L72900TG1998PLC030463. Its GSTIN is 36AAECS7574E1Z4 (Telangana). The company holds 6 GST registrations, of which 4 are active. It is recorded as listed by MCA, but trading in its shares on BSE (532669) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹45 Cr. It is led by directors including Devaiah Pagidipati (Managing Director) and Brijmohan Venkata Mandala.
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 Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹147.89 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net loss of ₹1.11 Cr (net margin -0.8%) and EBITDA of ₹4.35 Cr (EBITDA margin 2.9%). Revenue has declined at a compounded annual rate (CAGR) of 285% over three years and 15% over five years.
The company has about 158 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Southern Online Bio Technologies. As per MCA filings, the company has open charges of ₹77.97 Cr and satisfied charges of ₹362.39 Cr on record. The company has 60 deals on record (54 market trades, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.51 Cr; the latest was in November 2016. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sol.net.in.
Company details
CIN history
Solana Biofuels has one previous CIN (Corporate Identification Number): L72900AP1998PLC030463. The current CIN is L72900TG1998PLC030463, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72900TG1998PLC030463 | Current |
| L72900AP1998PLC030463 | Previous |
Contact details
Solana Biofuels Limited's registered office is in Hyderabad, Telangana. Its website is sol.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFlat # A3 3rd Floor Office Block Samrat Complex Opposite To Ag'S Office, Saifabad, Hyderabad, Telangana, India – 500004
- IndustryTelecom, ISP & Broadband Services
To see the full contact details of Solana Biofuels Limited, 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
Brands
Solana Biofuels operates one associated brand: Southern Online Bio Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Biodiesel is manufactured and internet services are provided. | sol.net.in |
Business activity
The main business activities of Solana Biofuels are information and communication and manufacturing. In detail, this covers data processing, hosting and related activities; web portal and chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | |
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Solana Biofuels Limited, buy the company report.
Financials of Solana Biofuels Limited
FY 2025 filings availableSolana Biofuels Limited reported revenue of ₹147.89 Cr (up 118% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 118% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. EBITDA rose 113% 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 |
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| EBITDA | ₹4.35 Cr | ||||
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| Net Profit (PAT) | -₹1.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 2.9% | ||||
| Net Profit Margin | -0.8% | ||||
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To see the full financial statements and ratios of Solana Biofuels Limited, buy the company report.
Board of directors of Solana Biofuels Limited
Solana Biofuels has 7 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Brijmohan Venkata Mandala Also directs: Anion Healthcare Services LLP, Southern Biofe Biofuels Private Limited, Inventcorp Technologies Limited and 2 more | Director | 27 Jan 2020 | 6 Years 9 Months | Current |
| Devaiah Pagidipati Also directs: Anion Healthcare Services LLP, Southern Biofe Biofuels Private Limited, Inventcorp Technologies Limited and 5 more | Managing Director | 27 Jan 2020 | 6 Years 9 Months | Current |
| Divya Sunitha Raj Burra Also directs: Neo Institute of Medical Sciences and Technology Limited | Director | 06 Nov 2020 | 5 Years 11 Months | Current |
| Shravya Kondapalli | Additional Director | 14 Nov 2025 | 0 Years 11 Months | Current |
| Rahuldev Pagidipati | Director | 24 Apr 2024 | 2 Years 6 Months | Current |
| Sarat Yenigalla | Director | 30 May 2024 | 2 Years 5 Months | Current |
Auditor
Solana Biofuels Limited is audited by Darapaneni and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Darapaneni and Co | FY 2023 | 000685S |
Shareholding
The shareholding of Solana Biofuels 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 Solana Biofuels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2022 | 100597755 | Hdfc Bank Limited | ₹77.88 Cr | Open | |
| 31 Aug 2016 | 100058294 | Others | ₹9.35 Lakh | Open | |
| 03 Mar 2015 | 10556347 | Bank of India | ₹3 Cr | Satisfied | |
| 04 Feb 2014 | 10479328 | Punjab National Bank | ₹8.9 Lakh | Satisfied | |
| 29 Jun 2013 | 10438329 | Icici Bank Ltd | ₹11 Lakh | Satisfied |
To see the full charge records of Solana Biofuels Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Solana Biofuels Limited has 60 deals on record (54 market trades, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.51 Cr; the latest was in November 2016.
Deals on record (5 of 60)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2016 | Market trade | ₹40.2 Lakh | Buyer: Nexome Capital Markets Limited Seller: Nexome Capital Markets Limited |
| Jun 2015 | Market trade | ₹18.5 Lakh | Seller: PNV Enterprises Private Limited |
| Aug 2013 | Market trade | ₹46.4 Lakh | Buyer: The Indiaman Fund Mauritius Limited Seller: Sudha Commercial Co Ltd |
| Jun 2013 | Market trade | ₹47 Lakh | Buyer: The Indiaman Fund Mauritius Limited Seller: Sudha Commercial Co Ltd |
| Dec 2012 | Market trade | ₹5.7 Lakh | Seller: Dikson Trading and Finance Company Limited |
To see the full deal history of Solana Biofuels 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
No court or tribunal cases involving Solana Biofuels Limited 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
Solana Biofuels Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Solana Biofuels Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solana Biofuels Limited has a workforce of 158 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Solana Biofuels has 6 GST registrations: 4 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAECS7574E1Z4 | Telangana | Active | 01 Jul 2017 |
| 36AAECS7574E2Z3 | Telangana | Active | 01 May 2022 |
| 37AAECS7574E2Z1 | Andhra Pradesh | Active | 18 Sep 2017 |
| 33AAECS7574E2Z9 | Tamil Nadu | Active | 01 Jun 2021 |
To see the full GST registrations and return filing status of Solana Biofuels Limited, buy the company report.
Recent activity
Solana Biofuels Limited has 59 board changes on record since 1998: 34 appointments and 25 cessations. The latest: Shravya Kondapalli was appointed as Additional Director on 14 Nov 2025.
87 earlier events are in the company report.
Frequently asked questions
Solana Biofuels is an active public limited company based in Hyderabad, Telangana, India. The company works in isp and broadband services, within the telecom industry. It was incorporated on 09 November 1998 (28+ years old) and is registered under CIN L72900TG1998PLC030463.
Solana Biofuels has 7 current directors:
- Devaiah Pagidipati - Managing Director
- Brijmohan Venkata Mandala - Director
- Divya Sunitha Raj Burra - Director
- Shravya Kondapalli - Additional Director
- Rahuldev Pagidipati - Director
- Sarat Yenigalla - Director
- Palakunnath Thekkadancheri Suresh - Director
The latest financial statements of Solana Biofuels 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 Solana Biofuels is 36AAECS7574E1Z4, registered in Telangana. The company has 6 GST registrations in all, of which 4 are active and 2 are cancelled or inactive. Other active GSTINs include 36AAECS7574E2Z3 (Telangana), 37AAECS7574E2Z1 (Andhra Pradesh), 33AAECS7574E2Z9 (Tamil Nadu).
The CIN (Corporate Identification Number) of Solana Biofuels is L72900TG1998PLC030463. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solana Biofuels is recorded as a listed company by MCA, but trading in its shares on BSE (532669) has been suspended, so they do not currently trade on a stock exchange.
Solana Biofuels was incorporated on 09 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Hyderabad.
Solana Biofuels has 60 deals on record (54 market trades, 3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.51 Cr; the latest was in November 2016.
Shravya Kondapalli was appointed as Additional Director on 14 Nov 2025. Palakunnath Thekkadancheri Suresh was appointed as Director on 03 Sep 2024. Sarat Yenigalla was appointed as Director on 30 May 2024. Solana Biofuels has 59 board changes on record in total.
Solana Biofuels has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Aug 2023.
Solana Biofuels can be reached through the website sol.net.in. Its registered office is in Hyderabad, Telangana, India.
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