Solana Biofuels Limited - Company Profile

Q: Who are the current directors of Solana Biofuels Limited?

The current directors of Solana Biofuels Limited are Palakunnath Thekkadancheri Suresh, Devaiah Pagidipati, Brijmohan Venkata Mandala, Sarat Yenigalla, Upadyayula Uma Vighneswara Ravikanth, Babu Rayavarapu Naresh, Divya Sunitha Raj Burra, Rahuldev Pagidipati, Babu Rayavarapu Naresh, Rayavarapu Naresh Babu, Shravya Kondapalli.

It is a telecom public limited company based in Hyderabad, Telangana, India, established in 1998.

1998 Hyderabad, Telangana, India Active

Last Updated: December 17, 2025

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About Solana Biofuels Limited

Solana Biofuels Limited, a active public limited company, was established on 09 November 1998 in Hyderabad, Telangana, India. Engaging in isp & broadband services within the information and communication sector, it holds CIN: L72900TG1998PLC030463. Registered under ROC Roc Hyderabad. it is listed on BSE: 532669. It has an authorized capital of ₹75.00 Cr and a paid-up capital of ₹45.00 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹15.88 Cr and a net worth of ₹44.98 Cr. Employing 158 professional, Its leadership includes Palakunnath Thekkadancheri Suresh (Director), Devaiah Pagidipati (Managing Director), Brijmohan Venkata Mandala (Director). Past directors included Palakunnath Thekkadancheri Suresh, Kishor Shah, Dipen Kumar Sheth. It holds ₹77.97 Cr open charges and ₹362.39 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Flat # A3, 3Rd Floor, Office Block, Samrat Complex, Opposite To Ag'S Office,, Saifabad,, Hyderabad, Telangana, 500004.

Company Details

CIN/LLPIN
L72900TG1998PLC030463
Registration Number
030463
Incorporation Date
09 November 1998
Authorized Capital
₹75.00 Cr
Paid-Up Capital
₹45.00 Cr
ROC Code
Roc Hyderabad
Listing Status
Listed (BSE: 532669)
Company Status
Active

Key Metrics

Authorised Capital ₹ 75.00 Cr as on 17-12-2025
Paid Up Capital ₹ 45.00 Cr as on 17-12-2025
Company Age 27 Year, 3 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 77.97 Cr as on 17-12-2025
Satisfied Charges ₹ 362.39 Cr as on 17-12-2025
Revenue Growth **** 510.77% (FY 2023)
Profit Growth **** -2344.14% (FY 2023)
Ebitda **** -881.33% (FY 2023)
Net Worth -10.28% (FY 2023)
Total Assets **** 41.11% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Solana Biofuels Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Solana Biofuels Limited?

Current Directors

Name	Designation	Appointment Date	Status
Palakunnath Thekkadancheri Suresh	Director	03 Sep 2024	Current
Devaiah Pagidipati	Managing Director	27 Jan 2020	Current
Brijmohan Venkata Mandala	Director	27 Jan 2020	Current
Sarat Yenigalla	Director	30 May 2024	Current
Babu Rayavarapu Naresh	Company Secretary	10 Apr 2024	Current
Upadyayula Uma Vighneswara Ravikanth	Cfo	13 Nov 2020	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	29 Sep 2024	Past
Pramod Abcsdd	Additional Director	30 Sep 2009	Past
Pramod Abcsdd	Director	18 Feb 2009	Past
Pramod Abcsdd	Director	14 Aug 2014	Past
Pramod Abcsdd	Director	15 Jul 2009	Past
Pramod Abcsdd	Director	27 Jan 2020	Past

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Financial Performance of Solana Biofuels.

Solana Biofuels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 510.77% increase. The company also saw a substantial fall in profitability, with a 2344.14% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.28%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

510.77%

*******

Revenue from Operations

*******

502.95%

*******

Total Assets

*******

41.11%

*******

Profit or Loss

*******

-2344.14%

*******

Net Worth

*******

-10.28%

*******

EBITDA

*******

-881.33%

*******

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What is the Ownership and Shareholding Structure of Solana Biofuels?

In 2023, Solana Biofuels had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹779,685,000.00

Satisfied Charges

₹3,623,897,152.00

Charges Breakdown by Lending Institutions

Hdfc Bank Limited : 77.88 Cr
Others : 0.09 Cr

Latest Charge Details

Date	Lender	Amount	Status
29 Jun 2022	Hdfc Bank Limited	₹77.88 Cr	Open
31 Aug 2016	Others	₹0.94 M	Open
03 Mar 2015	Bank Of India	₹3.00 Cr	Satisfied
04 Feb 2014	Punjab National Bank	₹0.89 M	Satisfied
29 Jun 2013	Icici Bank Ltd	₹1.10 M	Satisfied

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How Many Employees Work at Solana Biofuels?

Solana Biofuels has a workforce of 158 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Solana Biofuels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Solana Biofuels's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Solana Biofuels

Recent Activity within the Organization

Director Appointment

Shravya Kondapalli was appointed as a Additional Director was appointed as a Additional Director on 14 Nov 2025 & has been associated with this company since 3 months 1 day . was recorded as a recent event.
14 Nov 2025
Annual General Meeting

The activity Solana Biofuels Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
30 Sep 2024
Director Appointment

Progress on Palakunnath Thekkadancheri Suresh was appointed as a Director was appointed as a Director on 03 Sep 2024 & has been associated with this company since 1 year 5 months . was documented.
03 Sep 2024
Director Appointment

The activity Sarat Yenigalla was appointed as a Director was appointed as a Director on 30 May 2024 & has been associated with this company since 1 year 8 months . was completed.
30 May 2024
Charges

Progress on A charge with Hdfc Bank Limited of Rs. 77.88 Cr registered on 29 Jun 2022 with Charge ID 100597755 was modified on 30 Apr 2024. was documented.
30 Apr 2024
Director Appointment

Rahuldev Pagidipati was appointed as a Director was appointed as a Director on 24 Apr 2024 & has been associated with this company since 1 year 9 months . was recorded as a recent event.
24 Apr 2024

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