About Solar Avionics Limited
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Solar Avionics Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Solar Industries India Limited. It operates in the aircraft and component manufacturing segment of the transport and logistics sector. It was incorporated on 16 November 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Nagpur, under CIN U29309MH2020PLC350197.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Jagoba Fakruji Salve and Shalinee Manish Mandhana.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Solar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016.
For more details, the company can be reached via its website solargroup.com.
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- Registered AddressSolar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016
- IndustryTransport and Logistics, Aircraft & Component Manufacturing
- 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 Solar Avionics Limited FY 2025 filings available
Financial Statement Summary of Solar Avionics Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| 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 | •••• | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | •••• | •••• |
| 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 Solar Avionics Limited
| Metrics | FY 2021-22 | FY 2020-21 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | •••• |
| Net Profit Margin | •••• | •••• |
| 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 Solar Avionics are in the company report.
Financial statements from FY 2021
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.
Board of Directors of Solar Avionics Limited
Solar Avionics has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jagoba Fakruji Salve | Director | 16 Nov 2020 | 5 Years 11 Months | Current |
| Shalinee Manish Mandhana | Director | 01 Sep 2021 | 5 Years 1 Months | Current |
| Manish Satyanarayan Nuwal Also directs: MSN Estate Ventures LLP, MSN Nextech Ventures LLP, MSN Ventures Global Enterprises LLP and 5 more | Director | 16 Nov 2020 | 5 Years 11 Months | Current |
Auditor Details of Solar Avionics Limited
Solar Avionics Limited is audited by AKSHAY RATHI & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AKSHAY RATHI & 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.
Ownership and Shareholding of Solar Avionics 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 Solar Avionics Limited
Solar Avionics Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Solar Avionics Limited
Solar Avionics Limited has a workforce of 0 employees as of Mar 31, 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.
Recent Activity on Solar Avionics Limited
Solar Avionics Limited has 5 board changes on record since 2020: 3 appointments and 2 cessations. The latest: Shalinee Manish Mandhana ceased to be Additional Director on 07 Jun 2022.
Credit Ratings, Litigation & Regulatory Alerts for Solar Avionics 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 Solar Avionics 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 Solar Avionics 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 Solar Avionics Limited
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 Solar Avionics 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 Solar Avionics Limited
Frequently Asked Questions about Solar Avionics Limited
Solar Avionics is an active public limited company based in Nagpur, Maharashtra, India. The company works in aircraft and component manufacturing, within the transport and logistics industry. It was incorporated on 16 November 2020 (6+ years old) and is registered under CIN U29309MH2020PLC350197.
Solar Avionics has 3 current directors:
- Jagoba Fakruji Salve - Director
- Shalinee Manish Mandhana - Director
- Manish Satyanarayan Nuwal - Director
The CIN (Corporate Identification Number) of Solar Avionics is U29309MH2020PLC350197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Avionics was incorporated on 16 November 2020, making it 6+ years old. It is registered with the Registrar of Companies, Nagpur.
Shalinee Manish Mandhana ceased to be Additional Director on 07 Jun 2022. Anil Kumar Jain ceased to be Director on 01 Sep 2021. Shalinee Manish Mandhana was appointed as Director on 01 Sep 2021. Solar Avionics has 5 board changes on record in total.
Solar Avionics can be reached through the website solargroup.com. Its registered office is in Nagpur, Maharashtra, India.
The registered office of Solar Avionics is at Solar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016.
Solar Avionics has an authorised share capital of ₹1 Cr and a paid-up capital of ₹5 Lakh.
Solar Avionics operates in the transport and logistics industry, in the aircraft and component manufacturing segment.
No. Solar Avionics is not listed on any stock exchange. It is an unlisted company.