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.
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.
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- Registered Address1002 10th Floor The Affaires, Plot No.9 Sector No.17 Sanpada Navi Mumbai, Thane, Maharashtra, India – 400705
- IndustryEnvironment, Biofuel & Biomass Energy
- 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
Financials of Solapur Bioenergy Systems Private Limited FY 2025 filings available
Solapur Bioenergy Systems Private Limited reported revenue of ₹11.7 Cr for FY 2023.
Compounded Annual Growth Rate (CAGR) of Solapur Bioenergy Systems Private Limited
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 of Solapur Bioenergy Systems Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Solapur Bioenergy Systems Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| 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 Solapur Bioenergy Systems 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 Solapur Bioenergy Systems Private Limited
Solapur Bioenergy Systems Private Limited is audited by Sanghrajka & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Sanghrajka & Associates | 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 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.
| 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 | 5 Years 11 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 |
Ownership and Shareholding of Solapur Bioenergy Systems 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 Solapur Bioenergy Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 May 2025 | Others | ₹1.69 Lakh | Open |
| 13 May 2025 | Others | ₹71,928 | Open |
| 03 Aug 2024 | Others | ₹1 Lakh | Open |
| 03 Aug 2024 | Others | ₹11.26 Lakh | Open |
| 19 Nov 2009 | Others | ₹92.5 Lakh | Open |
Total charge records: 6 View all charges
Deals & Funding of Solapur Bioenergy Systems Private Limited
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.
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 |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Solapur Bioenergy Systems Private Limited
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. Status as checked between 02 Oct 2026 and 03 Oct 2026.
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 Private Limited | Pending |
| Bombay High Court | Arbitration matter | Filed by the company against Elixir Engineering Private Limited | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Elixir Engineering Private Limited | 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 | Disposed |
Full case history
All 5 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.
MSME Payment Delays by Solapur Bioenergy Systems Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 22 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Solapur Bioenergy Systems Private Limited
Solapur Bioenergy Systems Private Limited has a workforce of 93 employees as of Apr 07, 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.
CIN History of Solapur Bioenergy Systems Private Limited
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 |
Recent Activity on Solapur Bioenergy Systems Private Limited
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.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solapur Bioenergy Systems 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.
Subsidiaries & Group Companies of Solapur Bioenergy Systems 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 Solapur Bioenergy Systems Private Limited
Solapur Bioenergy Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS1818B1ZI | Maharashtra | Active | 01 Jul 2017 |
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 Solapur Bioenergy Systems 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.
Related news about Solapur Bioenergy Systems Private Limited
Frequently Asked Questions about Solapur Bioenergy Systems Private Limited
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 reported revenue of ₹11.7 Cr for FY 2023.
Solapur Bioenergy Systems has 3 current directors:
- Yashas Suhas Bhand - Director
- Sarang Bhand - Director
- Amit Vijay Karia - Director
Solapur Bioenergy Systems reported a net loss of ₹90.97 Lakh (net margin -7.8%) and EBITDA of ₹4.35 Cr (EBITDA margin 37.2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solapur Bioenergy Systems is 70% over three years and 55% over five years. CAGR is the steady yearly rate that links the first and the last year.
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.