Solar Avionics Limited

Solar Avionics Limited - transport and logistics in Nagpur, Maharashtra, India. FY 2026 financials and compliance.
CIN U29309MH2020PLC350197 Incorporated 16 November 2020 ROC Nagpur HQ Nagpur, Maharashtra, India
Active Public Limited Company transport and logistics
Data last updated
Revenue · FY 2022
-
Latest filing
EBITDA · FY 2022
*****
▲ 82.47% YoY
Net profit · FY 2022
*****
▲ 82.47% YoY
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
None
Secured borrowings
Company age
6 yrs
Est. 2020
Last financials
Mar 2025
Balance sheet date

About Solar Avionics Limited

Data last updated: 06 March 2026

Solar Avionics Limited is a public limited company based in Nagpur, Maharashtra, India, a subsidiary of Solar Industries India Limited. It specialises in aircraft and component manufacturing, a part of the broader transport and logistics sector. Incorporated on 16 November 2020, the company has been in operation for over 6 years.

Registered with ROC Nagpur under CIN U29309MH2020PLC350197.

Capital: 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.

Last AGM: 15 July 2025. Financial statements filed for year ended 31 March 2025. Office: Solar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016.

It operates as a subsidiary of Solar Industries India Limited.

For more details, the company can be reached via its website solargroup.com.

Company Details of Solar Avionics Limited
CIN U29309MH2020PLC350197
Registration Number 350197
Incorporation Date 16 November 2020
ROC Nagpur
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Solar Industries India Limited
Key People
Jagoba Fakruji Salve Director Shalinee Manish Mandhana Director Manish Satyanarayan Nuwal Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    **************
  • Website
    solargroup.com
  • Social Media
    **************
  • Apps
  • Registered Address
    Solar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016
  • Industry
    Transport and Logistics, Aircraft & Component Manufacturing
Company report
Solar Avionics Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Solar Avionics Limited in one report.

10-year financials Directors & ownership Charges & compliance

Auditor Details of Solar Avionics Limited

Solar Avionics Limited is audited by AKSHAY RATHI & ASSOCIATES for the financial year 2022. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
AKSHAY RATHI & ASSOCIATES blur-value blur-value blur-value

Board of Directors of Solar Avionics Limited

Solar Avionics Limited is currently managed by 3 directors, with 2 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Jagoba Fakruji Salve
Also directs: Solar Laboratories Limited, Solar Speciality Chemicals Limited, Garudsat Private Limited
Director 16 Nov 2020 5 Years 7 Months Current
Shalinee Manish Mandhana Director 01 Sep 2021 4 Years 10 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 7 Months Current
View all directors

Financials of Solar Avionics Limited FY 2025 filings available

Solar Avionics Limited reported revenue of ₹- (up ) for FY 2022. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue
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Profit
***** ▲ 82.47%
EBITDA
***** ▲ 82.47%
Metrics
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Revenue
Revenue from Operations
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Revenue Growth %
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Other Income
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Total Revenue
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Expenses
Total Expenses
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Raw Material Cost
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Change in Inventory FG
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Change in Inventory WIP
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Purchase of Traded Goods
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Employee Cost
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Managerial Remuneration
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Audit Fees
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Insurance
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Power & Fuel
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Interest
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Depreciation
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Other Expenses
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Profitability
EBITDA (Operating Profit)
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Operating Margin %
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Exceptional Items
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Extraordinary Items
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Profit Before Exceptional & Extraordinary Items
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Profit Before Tax
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Tax & Net Profit
Tax Expense
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Current Tax
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Deferred Tax
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Profit from Discontinued Operations
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Tax on Discontinued Operations
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Profit
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Net Margin %
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Metrics
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Shareholders' Funds
Total Shareholders' Funds
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Equity Capital
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Reserves & Surplus
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Money Against Warrants
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Other Equity
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Non-Current Liabilities
Total Non-Current Liabilities
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Long-Term Borrowings
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Deferred Tax Liabilities
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Other Non-Current Liabilities
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Long-Term Provisions
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Current Liabilities
Total Current Liabilities
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Short-Term Borrowings
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Trade Payables
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Other Current Liabilities
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Short-Term Provisions
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Total Equity & Liabilities
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Non-Current Assets
Non-Current Assets
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Tangible Assets
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Intangible Assets
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Capital WIP
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Intangibles Under Dev
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Investments
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Deferred Tax Assets
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LT Loans & Advances
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Other Non-Current Assets
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Current Assets
Current Assets
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Current Investments
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Inventories
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Trade Receivables
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Cash & Bank Balance
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ST Loans & Advances
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Other Current Assets
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Total Assets
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Metrics
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Cash from Operating Activities (CFO)
Profit Before Tax
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Non-Cash Adjustments
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+ Interest Expense
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+ Depreciation
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+/- Unrealized Forex
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- Dividend Income
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- Interest Income
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+/- Other Non-Cash Items
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Changes in Working Capital
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+/- Inventory
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+/- Debtors
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+/- Creditors
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Reconciliation Adjustments
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Cash Generated from Operations
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Income Taxes Paid
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Net CFO (Cash from Operations)
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Cash from Investing Activities (CFI)
Acquisitions & Disposals
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Disposal of Subsidiaries
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Acquisition of Subsidiaries
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Capex
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Purchase of Fixed Assets
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Sale of Fixed Assets
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Other Investing Cash Flows
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Net CFI (Cash from Investing)
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Cash from Financing Activities (CFF)
Equity Issuance
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Debt Raised
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Debt Repaid
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Dividends Paid
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Interest Paid
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Net CFF (Cash from Financing)
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Net Cash Position
Net Change in Cash (Pre-Forex)
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Closing Cash & Equivalents
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Metrics
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Liquidity
Current Ratio
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Quick Ratio
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Cash Ratio
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Efficiency
Inventory Days
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Debtor Days
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Creditor Days
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Cash Conversion Cycle
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Asset Turnover
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Profitability
Net Profit Margin %
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Operating Margin %
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ROE %
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ROCE %
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Net Worth Margin %
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Growth
Revenue Growth %
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Leverage
Equity Multiplier
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Debt / EBITDA
*****
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Solvency
D/E Ratio
*****
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ICR
*****
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Consolidated Statements

Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.

Unlock Complete Financial History (FY 2015 – Latest)
Standalone & Consolidated - Income Statement, Balance Sheet, Cash Flow, Financial Ratios and Growth Trends with 10+ years of line-item data.
10+ years of data Line-item breakdown Balance Sheet detail Cash Flow analysis 20+ ratios & metrics Downloadable PDF

Shareholding Pattern of Solar Avionics Limited

As of FY 2022, Solar Avionics Limited's shareholding pattern shows 100.00% by promoters. The promoters hold a majority stake, indicating strong promoter control.

2025
YEAR
38.19% Promoters
25.22% DII (Domestic Institutional)
10.28% FII (Foreign Institutional)
25.89% Public
2.42% Others
Shareholding Trend
Year 2025
Promoters 33.19%
DII 23.22%
FII 18.28%
Public 22.89%
Others 2.42%

Charges & Borrowings 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.

Active EPFO establishments
1
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Solar Avionics Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Solar Avionics Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Solar Avionics Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Solar Avionics Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Solar Avionics Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Solar Avionics Limited

MSME Payment Delays by Solar Avionics Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Solar Avionics Limited

Subsidiaries & Group Companies of Solar Avionics Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Solar Avionics Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Solar Avionics Limited

MCA Filings & Documents of Solar Avionics Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Solar Avionics Limited

Activity
15 Jul 2025
Solar Avionics Limited last Annual general meeting of members was held on 15 Jul 2025 as per latest MCA records.
Activity
31 Mar 2025
Solar Avionics Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Nagpur.
Directors
01 Sep 2021
Shalinee Manish Mandhana was appointed as a Director on 01 Sep 2021 & has been associated with this company since 4 years 10 months.
Directors
16 Nov 2020
Jagoba Fakruji Salve was appointed as a Director on 16 Nov 2020 & has been associated with this company since 5 years 7 months.
Directors
16 Nov 2020
Manish Satyanarayan Nuwal was appointed as a Director on 16 Nov 2020 & has been associated with this company since 5 years 7 months.
Activity
16 Nov 2020
Solar Avionics Limited was registered on 16 Nov 2020 with Roc Nagpur & aged 5 years 7 months as per MCA records.

Recent News on Solar Avionics Limited

Solar Industries Q4 net up 20% at Rs 66 crore
11 May 2018 · Economic Times

Frequently Asked Questions about Solar Avionics Limited

Solar Avionics Limited is an active public limited company in the transport and logistics sector based in Nagpur, Maharashtra, India. It was incorporated on 16 November 2020 (6+ years old) and is registered under CIN U29309MH2020PLC350197.

The current directors of Solar Avionics Limited are:

The primary industry of Solar Avionics Limited is transport and logistics. The company specifically operates in aircraft and component manufacturing. The company is currently active in this sector.

Solar Avionics Limited can be reached at the registered office: Solar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016, or through the website solargroup.com.

The authorised capital is ₹1 Cr, and the paid-up capital is ₹5 Lakh.

The company has its registered office at Solar House 14 Kachimet Amravati Road, Nagpur, Maharashtra, India – 440016.

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