About Solana Life Sciences Private Limited
Data last updated:
Solana Life Sciences Private Limited is a private limited company based in Dhar, Madhya Pradesh, India. It operates in the API manufacturers segment of the pharmaceuticals sector. It was incorporated on 13 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U24231MP1999PTC013742. Its GSTIN is 23AAECA5202F1ZE (Madhya Pradesh).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.53 Cr. It was formerly known as Panakeia Drugs and Intermediates Private Limited and Amir Chem Private Limited. It is led by directors Arun Durgaprasad Joshi and Yash Arun Joshi.
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 Plot No. 41 & 42 Sector – III Pithampur Industrial Area, Dhar, Madhya Pradesh, India – 454775.
As per the financials filed for FY 2024, the company reported a revenue of ₹16.49 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹10.43 Lakh (net margin 0.6%) and EBITDA of ₹1.58 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 242% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.84 Cr and satisfied charges of ₹11.61 Cr on record. Court records list 2 cases involving the company, including 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solanalifesciences.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressPlot No. 41 & 42 Sector – III Pithampur Industrial Area, Dhar, Madhya Pradesh, India – 454775
- IndustryPharma, API Manufacturers
- 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 Solana Life Sciences Private Limited
The main business activity of Solana Life Sciences is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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 Solana Life Sciences Private Limited FY 2025 filings available
Solana Life Sciences Private Limited reported revenue of ₹16.49 Cr (up 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Solana Life Sciences Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 242% over five years, including 18% growth in the latest year. EBITDA fell 2% 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 Solana Life Sciences Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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 | ₹1.58 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.43 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 Solana Life Sciences Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Solana Life Sciences 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.
Auditor Details of Solana Life Sciences Private Limited
Solana Life Sciences Private Limited is audited by MANISH MATHUR for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANISH MATHUR | 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 Solana Life Sciences Private Limited
Solana Life Sciences has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Durgaprasad Joshi Also directs: Surya Remedies Private Limited, Surya Life Sciences Limited, Witting Biotech Private Limited and 3 more | Director | 26 Jun 2019 | 7 Years 3 Months | Current |
| Yash Arun Joshi Also directs: Surya Remedies Private Limited, Surya Life Sciences Limited, Witting Biotech Private Limited and 1 more | Director | 26 Jun 2019 | 7 Years 3 Months | Current |
Ownership and Shareholding of Solana Life Sciences Private 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 Solana Life Sciences Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 May 2025 | Others | ₹4.19 Cr | Open |
| 19 Oct 2022 | Axis Bank Limited | ₹5.62 Cr | Open |
| 29 Sep 2022 | Axis Bank Limited | ₹5.62 Cr | Open |
| 30 Jul 2021 | Axis Bank Limited | ₹8.41 Cr | Open |
| 03 Dec 2020 | Others | ₹37.03 Lakh | Satisfied |
Total charge records: 12 View all charges
Legal Cases of Solana Life Sciences Private Limited
Solana Life Sciences Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (PRCPT) | Filed against the company by an individual | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by an individual | 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 Solana Life Sciences Private Limited
Solana Life Sciences Private Limited has a workforce of 27 employees as of Apr 08, 2024.
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.
Name History of Solana Life Sciences Private Limited
Solana Life Sciences has undergone 4 name changes throughout its history. The current legal name is Solana Life Sciences Private Limited.
| Company Name | Status |
|---|---|
| Solana Life Sciences Private Limited | Current |
| Panakeia Drugs And Intermediates Private Limited | Previous |
| Amir Chem Private Limited | Previous |
| Kyros Drugs And Pharmaceuticals Private Limited | Previous |
| Panakeia Drugs And Intermediates Privatelimited | Previous |
Recent Activity on Solana Life Sciences Private Limited
Solana Life Sciences Private Limited has 11 board changes on record since 2018: 2 appointments and 9 cessations. The latest: Arun Durgaprasad Joshi was appointed as Director on 26 Jun 2019.
28 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solana Life Sciences Private 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 Solana Life Sciences Private 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 Solana Life Sciences Private 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 Solana Life Sciences Private Limited
Solana Life Sciences has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAECA5202F1ZE | Madhya Pradesh | Active | 09 Oct 2019 |
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 Solana Life Sciences Private 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 Solana Life Sciences Private Limited
Solana Life Sciences is an active private limited company based in Dhar, Madhya Pradesh, India. The company works in api manufacturers, within the pharma industry. It was incorporated on 13 September 1999 (27+ years old) and is registered under CIN U24231MP1999PTC013742.
Solana Life Sciences reported revenue of ₹16.49 Cr for FY 2024 (up 18% YoY).
Solana Life Sciences has 2 current directors:
- Arun Durgaprasad Joshi - Director
- Yash Arun Joshi - Director
Solana Life Sciences reported a net profit of ₹10.43 Lakh (net margin 0.6%) and EBITDA of ₹1.58 Cr (EBITDA margin 9.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solana Life Sciences is 26% over three years and 242% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solana Life Sciences is 23AAECA5202F1ZE, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Solana Life Sciences is U24231MP1999PTC013742. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solana Life Sciences has 2 court cases on record: 2 filed against it.
Solana Life Sciences was incorporated on 13 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Gwalior.
Arun Durgaprasad Joshi was appointed as Director on 26 Jun 2019. Subhash Goverdhandasji Bissa ceased to be Director on 26 Jun 2019. Yash Arun Joshi was appointed as Director on 26 Jun 2019. Solana Life Sciences has 11 board changes on record in total.