Solapur Sugar Limited
About Solapur Sugar Limited
Data last updated:
Solapur Sugar Limited is a public limited company based in Solapur, Maharashtra, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 09 June 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15421PN2010PLC136535.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Dhaval Kiritbhai Patel and Bipinbhai Mahijibhai Patel.
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 Padmavati Complex 91 Civil Lines Saat Rasta, Solapur, Maharashtra, India – 413003.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.26 Lakh. For the same year it recorded a net profit of ₹1.61 Lakh (net margin 37.7%) and EBITDA of ₹2.21 Lakh (EBITDA margin 51.8%). Revenue has grown at a compounded annual rate (CAGR) of 81% over three years.
As per MCA filings, the company has satisfied charges of ₹1 Cr on record. Court records list 6 cases involving the company, including 1 filed by the company and 5 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Solapur Sugar Limited's registered office is in Solapur, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPadmavati Complex 91 Civil Lines Saat Rasta, Solapur, Maharashtra, India – 413003
- IndustryAgriculture, Sugar Processing
To see the full contact details of Solapur Sugar 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
Financials of Solapur Sugar Limited
FY 2025 filings availableSolapur Sugar Limited reported revenue of ₹4.26 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 81% over three years. EBITDA rose 228% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.21 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹1.61 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 51.8% | ||||
| Net Profit Margin | 37.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Solapur Sugar Limited, buy the company report.
Board of directors of Solapur Sugar Limited
Solapur Sugar has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Kiritbhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Bipinbhai Mahijibhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Mehul Bipinbhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Amit Satishbhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
| Hareshbhai Mahijibhai Patel Also directs: Mehul Construction Company Pvt Ltd | Director | 09 Jun 2010 | 16 Years 4 Months | Current |
Peer comparison
Solapur Sugar Limited is compared with the 10 companies closest to it by revenue in the Agriculture industry (Sugar), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vivek Agro Industries Private Limited | ₹5.22 Lakh (FY 2025) | 98.0% | Kolkata, West Bengal, India | |||
| Puranpur Krishi Saubhagya Private Limited | ₹5.05 Lakh (FY 2025) | Pooranpur, Uttar Pradesh, India | ||||
| Linta Sugar and Chemicals Private Limited | ₹4.98 Lakh (FY 2025) | Lucknow, Uttar Pradesh, India | ||||
| JKC Estates & Investments(Uf) Private Limited | ₹4.8 Lakh (FY 2025) | Gurdaspur, Punjab, India | ||||
| Virya Foods Private Limited | ₹4.78 Lakh (FY 2025) | 33.0% | Jalandhar, Punjab, India | |||
| Solapur Sugar Limitedthis company | ₹4.26 Lakh (FY 2024) | ₹1.61 Lakh | 37.7% | Solapur, Maharashtra, India | ||
| Shri Bhagwati Sugar Mills Limited | ₹4.19 Lakh (FY 2024) | -11.0% | Varanasi, Uttar Pradesh, India | |||
| Astro Sugar Engineers Pvt Ltd | ₹4.16 Lakh (FY 2016) | -15.0% | Pune, Maharashtra, India | |||
| Venkateshwara Agro Sugar Products Private Limited | ₹4.1 Lakh (FY 2019) | 8.0% | Mumbai, Maharashtra, India | |||
| Sugar Spark Cakes Private Limited | ₹4.02 Lakh (FY 2025) | Jaipur, Rajasthan, India | ||||
| Seksaria Behta Sugar Factory Private Limited | ₹3.85 Lakh (FY 2025) | -10.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Solapur Sugar Limited, buy the company report.
Auditor
Solapur Sugar Limited is audited by REETESH CHAMPAK & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| REETESH CHAMPAK & ASSOCIATES | FY 2023 | 128147W |
Shareholding
The shareholding of Solapur Sugar 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 Solapur Sugar Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2020 | 100328073 | Canara Bank | ₹1 Cr | Satisfied |
To see the full charge records of Solapur Sugar Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Solapur Sugar Limited has 6 court cases on record: 1 filed by Solapur Sugar, 5 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 1 |
| District courts | 2 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Jankalyan Sugars Limited | Pending |
| Bombay High Court | Writ petition | Filed against the company by Jankalyan Sugars Limited | Disposed |
| Bombay High Court | Court case (CAW) | Filed against the company by Jankalyan Sugars Limited | Disposed |
| Bombay High Court | Court case (CAW) | Filed against the company by Jankalyan Sugars Limited | Disposed |
| District court, Solapur, Maharashtra | Court case (Civil M.A.) | Filed by the company against individuals | Disposed |
To see the full case history of Solapur Sugar 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solapur Sugar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Solapur Sugar Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Solapur Sugar Limited has 7 board changes on record since 2010: 5 appointments and 2 cessations. The latest: Kiritbhai Mahijibhai Patel ceased to be Director on 17 Dec 2018.
Frequently asked questions
Solapur Sugar is an active public limited company based in Solapur, Maharashtra, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 09 June 2010 (16+ years old) and is registered under CIN U15421PN2010PLC136535.
Solapur Sugar has 5 current directors:
- Dhaval Kiritbhai Patel - Director
- Bipinbhai Mahijibhai Patel - Director
- Mehul Bipinbhai Patel - Director
- Amit Satishbhai Patel - Director
- Hareshbhai Mahijibhai Patel - Director
The latest financial statements of Solapur Sugar 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 CIN (Corporate Identification Number) of Solapur Sugar is U15421PN2010PLC136535. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solapur Sugar has 6 court cases on record: 1 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Solapur Sugar was incorporated on 09 June 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Solapur Sugar by revenue are Vivek Agro Industries Private Limited, Puranpur Krishi Saubhagya Private Limited, Linta Sugar and Chemicals Private Limited, JKC Estates & Investments(Uf) Private Limited, Virya Foods Private Limited and 5 more, all in the Agriculture industry (Sugar).
Kiritbhai Mahijibhai Patel ceased to be Director on 17 Dec 2018. Hardik Hareshbhai Patel ceased to be Director on 25 Jan 2016. Amit Satishbhai Patel was appointed as Director on 09 Jun 2010. Solapur Sugar has 7 board changes on record in total.
The registered office of Solapur Sugar is at Padmavati Complex 91 Civil Lines Saat Rasta, Solapur, Maharashtra, India – 413003.
Solapur Sugar operates in the agriculture industry, in the sugar processing segment.
Solapur Sugar has no open charges and satisfied charges of ₹1 Cr as per latest MCA filings.