MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0012869
Solapur Bioenergy Systems Private Limited - environment in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹11.7 Cr
Latest filing
Net loss · FY 2023
₹90.97 Lakh
Net margin -7.8%
EBITDA · FY 2023
₹4.35 Cr
EBITDA margin 37.2%
Authorised capital
₹17.4 Cr
Registered with MCA
Paid-up capital
₹17.33 Cr
Issued & subscribed
Open charges
₹1.07 Cr
Satisfied ₹11.26 Lakh
Company age
21 yrs
Est. 2005
Employees · EPFO
93
Provident fund records
About Solapur Bioenergy Systems Private Limited
Data last updated:
Solapur Bioenergy Systems Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Organic Recycling Systems Limited. It operates in the biofuel and biomass energy segment of the environmental services sector. It was incorporated on 12 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40108MH2005PTC298301. Its GSTIN is 27AAMCS1818B1ZI (Maharashtra).
The company has an authorised share capital of ₹17.4 Cr and a paid-up capital of ₹17.33 Cr. It is led by directors including Yashas Suhas Bhand and Sarang Bhand.
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 Thane, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹11.7 Cr. For the same year it recorded a net loss of ₹90.97 Lakh (net margin -7.8%) and EBITDA of ₹4.35 Cr (EBITDA margin 37.2%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 55% over five years.
The company has about 93 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.07 Cr and satisfied charges of ₹11.26 Lakh on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 8 deals on record (7 funding rounds, 1 secondary share transfer), with disclosed funding of ₹81.49 Cr; the latest was in March 2022. The company has 22 MSME Form 1 returns on record between 2013 and 2024, listing 72 overdue payments to 23 micro and small suppliers.
Solapur Bioenergy Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0012869). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website organicrecycling.co.in.
Company details
CIN U40108MH2005PTC298301
Registration Number 298301
Incorporation Date 12 May 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Organic Recycling Systems Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0012869
CIN history
Solapur Bioenergy Systems has one previous CIN (Corporate Identification Number): U40108MP2005PTC017596. The current CIN is U40108MH2005PTC298301, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40108MH2005PTC298301 | Current |
| U40108MP2005PTC017596 | Previous |
Recognitions & Rankings of Solapur Bioenergy Systems
Contact details
Solapur Bioenergy Systems Private Limited's registered office is in Thane, Maharashtra. Its website is organicrecycling.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1002 10th Floor The Affaires, Plot No.9 Sector No.17 Sanpada Navi Mumbai, Thane, Maharashtra, India – 400705
- IndustryEnvironment, Biofuel & Biomass Energy
To see the full contact details of Solapur Bioenergy Systems Private Limited, buy the company report.
Comprehensive company report
Solapur Bioenergy Systems 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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Financials of Solapur Bioenergy Systems Private Limited
FY 2025 filings availableSolapur Bioenergy Systems Private Limited reported revenue of ₹11.7 Cr for FY 2023.
Revenue · FY 2023
₹11.7 Cr
Net loss · FY 2023
₹90.97 Lakh margin -7.8%
EBITDA · FY 2023
₹4.35 Cr margin 37.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 70%
5 years · compounded
▲ 55%
Revenue has grown at a compounded annual rate (CAGR) of 55% over five years. 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹11.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.35 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹90.97 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 37.2% | ||||
| Net Profit Margin | -7.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Solapur Bioenergy Systems Private Limited, buy the company report.
Board of directors of Solapur Bioenergy Systems Private Limited
Solapur Bioenergy Systems has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yashas Suhas Bhand Also directs: Organic Waste (India) Private Limited, Pune Urban Recyclers Private Limited, Meerut Bio-Energy Systems Private Limited and 2 more | Director | 22 Oct 2020 | 6 Years 0 Months | Current |
| Sarang Bhand Also directs: Organic Recycling Systems Limited, Organic Waste (India) Private Limited, Pune Urban Recyclers Private Limited and 1 more | Director | 12 May 2005 | 21 Years 5 Months | Current |
| Amit Vijay Karia | Director | 04 Oct 2022 | 4 Years 0 Months | Current |
Auditor
Solapur Bioenergy Systems Private Limited is audited by Sanghrajka & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sanghrajka & Associates | FY 2023 | 144815W |
Shareholding
The shareholding of Solapur Bioenergy Systems 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 category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solapur Bioenergy Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.07 Cr
Satisfied charges
₹11.26 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 May 2025 | 101103138 | Others | ₹1.69 Lakh | Open | |
| 13 May 2025 | 101103157 | Others | ₹71,928 | Open | |
| 03 Aug 2024 | 100963121 | Others | ₹1 Lakh | Open | |
| 03 Aug 2024 | 100963047 | Others | ₹11.26 Lakh | Open | |
| 19 Nov 2009 | 10194108 | Others | ₹92.5 Lakh | Open |
To see the full charge records of Solapur Bioenergy Systems Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Solapur Bioenergy Systems Private Limited has 8 deals on record (7 funding rounds, 1 secondary share transfer), with disclosed funding of ₹81.49 Cr; the latest was in March 2022.
Total deals
8
Funding rounds
7
Secondary share transfer
1
Disclosed funding
₹81.49 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Funding round | ₹6.5 Cr | Investors: Organic Recycling Systems Limited |
| Mar 2021 | Funding round | ₹30 Cr | Investors: Organic Recycling Systems Limited |
| Jun 2016 | Funding round | ₹20 Cr | Investors: Organic Recycling Systems Limited |
| Jan 2016 | Funding round | ₹2 Cr | Investors: Organic Recycling Systems Limited |
| Dec 2009 | Funding round | ₹3.69 Cr | Investors: Organic Recycling Systems Limited |
To see the full deal history of Solapur Bioenergy Systems Private 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
Solapur Bioenergy Systems Private Limited has 5 court cases on record: 3 filed by Solapur Bioenergy Systems, 2 filed against it. 1 case is pending and 4 are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Pending
1
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Arbitration matter | Filed against the company by Mahalaxmi Electromech Pvt Ltd | Pending |
| Bombay High Court | Writ petition | Filed by the company against Elixir Engineering Pvt. Ltd and Anr.M | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against M/S. Elixir Engineering Pvt. Ltd. | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Union of India Through the Secretary, Ministry of Finance, Dept. of Revenue, | Disposed |
To see the full case history of Solapur Bioenergy Systems Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Solapur Bioenergy Systems Private Limited was last rated by Crisil on 23 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Dec 2020 |
To see the full credit ratings and regulatory alerts of Solapur Bioenergy Systems Private Limited, buy the company report.
MSME payment delays
Solapur Bioenergy Systems Private Limited has 22 MSME Form 1 returns on record between 2013 and 2024, listing 72 overdue payments to 23 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 23)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| VKMG & Associates LLP | |||
| Manish Modi & Associates | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Solapur Bioenergy Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solapur Bioenergy Systems Private Limited has a workforce of 93 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
93
Active EPFO establishments
1
Employee growth
19.23%
GST
Solapur Bioenergy Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS1818B1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solapur Bioenergy Systems Private Limited, buy the company report.
Recent activity
Solapur Bioenergy Systems Private Limited has 8 board changes on record since 2005: 3 appointments and 5 cessations. The latest: Amit Vijay Karia ceased to be Additional Director on 29 Sep 2023.
Charges
A charge with Others of Rs. 0.93 Cr registered on 19 Nov 2009 with Charge ID 10194108 was modified on 09 Dec 2025.
AGM
Solapur Bioenergy Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 0.11 Cr registered on 03 Aug 2024 with Charge ID 100963047 was modified on 10 Jun 2025.
Charges
A charge with Others amounted to Rs. 0.02 Cr with Charge ID 101103138 was registered on 23 May 2025.
Charges
A charge with Others amounted to Rs. 0.01 Cr with Charge ID 101103157 was registered on 13 May 2025.
Filing
Solapur Bioenergy Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 24 Jun 2024 via Charge ID 100948006 with Others was fully satisfied on 13 Jan 2025.
Charges
A charge with Others amounted to Rs. 0.01 Cr with Charge ID 100963121 was registered on 03 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 100963047 was registered on 03 Aug 2024.
Charges
A charge with Others amounted to Rs. 0.11 Cr with Charge ID 100948006 was registered on 24 Jun 2024.
Ceased
Amit Vijay Karia ceased to be Additional Director.
Appointed
Amit Vijay Karia was appointed as Director.
8 earlier events are in the company report.
News
Frequently asked questions
Solapur Bioenergy Systems is an active private limited company based in Thane, Maharashtra, India. The company works in biofuel and biomass energy, within the environment industry. It was incorporated on 12 May 2005 (21+ years old) and is registered under CIN U40108MH2005PTC298301.
Solapur Bioenergy Systems has 3 current directors:
- Yashas Suhas Bhand - Director
- Sarang Bhand - Director
- Amit Vijay Karia - Director
The latest financial statements of Solapur Bioenergy Systems 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 Solapur Bioenergy Systems is 27AAMCS1818B1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solapur Bioenergy Systems is U40108MH2005PTC298301. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solapur Bioenergy Systems has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Solapur Bioenergy Systems was incorporated on 12 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Solapur Bioenergy Systems has 8 deals on record (7 funding rounds, 1 secondary share transfer), with disclosed funding of ₹81.49 Cr; the latest was in March 2022.
Amit Vijay Karia ceased to be Additional Director on 29 Sep 2023. Amit Vijay Karia was appointed as Director on 04 Oct 2022. Yashas Suhas Bhand ceased to be Additional Director on 31 Dec 2020. Solapur Bioenergy Systems has 8 board changes on record in total.
Yes, Solapur Bioenergy Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0012869).
Solapur Bioenergy Systems has 22 MSME Form 1 returns on record between 2013 and 2024, listing 72 overdue payments to 23 micro and small suppliers. The latest return was filed on 29 Apr 2024.