Solar Electronics Pvt Ltd
About Solar Electronics Pvt Ltd
Data last updated:
Solar Electronics Pvt Ltd is a private limited company based in Kolkata, West Bengal, India, a subsidiary of Panghat Marketing Private Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 16 May 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U32301WB1985PTC038945. Its GSTIN is 19AAHCS3278G1Z0 (West Bengal).
The company has an authorised share capital of ₹3.04 Cr and a paid-up capital of ₹2.01 Cr. It is led by directors including Vatsala Khandelwal and Ravindra Khandelwal.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 52/1 Shakespeare Sarani 16th Floor, Kolkata, West Bengal, India – 700017.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.66 Cr, a decline of 22% compared to the previous year. For the same year it recorded a net profit of ₹3.01 Cr (net margin 64.7%) and EBITDA of ₹3.41 Cr (EBITDA margin 73.2%). Revenue has grown at a compounded annual rate (CAGR) of 51% over three years and 66% over five years.
Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Solar Electronics Pvt Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address52/1 Shakespeare Sarani 16th Floor, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Solar Electronics Pvt Ltd, 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
Business activity
The main business activity of Solar Electronics is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Solar Electronics Pvt Ltd, buy the company report.
Financials of Solar Electronics Pvt Ltd
FY 2025 filings availableSolar Electronics Pvt Ltd reported revenue of ₹4.66 Cr (down 22% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 22% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 66%. EBITDA fell 36% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.41 Cr | ||||
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| Net Profit (PAT) | ₹3.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 73.2% | ||||
| Net Profit Margin | 64.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Solar Electronics Pvt Ltd, buy the company report.
Board of directors of Solar Electronics Pvt Ltd
Solar Electronics has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vatsala Khandelwal | Director | 09 Jun 2022 | 4 Years 4 Months | Current |
| Ravindra Khandelwal Also directs: Highrise Commotrade Private Limited, Corebridge Infrastructure Private Limited, Edgecore Infrastructure Private Limited and 3 more | Director | 21 Jun 2014 | 12 Years 4 Months | Current |
| Suchita Khandelwal Also directs: Magnifico Warehousing LLP, Magnifico Ventures LLP | Director | 21 Jun 2014 | 12 Years 4 Months | Current |
Peer comparison
Solar Electronics Pvt Ltd is compared with the 7 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Punjab Reliable Investments Pvt Ltd | ₹4.68 Cr (FY 2025) | 10.0% | Jalandhar, Punjab, India | |||
| Shree Sati Finvest Private Limited | ₹4.68 Cr (FY 2021) | 282.0% | Kolkata, West Bengal, India | |||
| Ruchika Finvest Pvt Ltd | ₹4.67 Cr (FY 2025) | 385.0% | Kolkata, West Bengal, India | |||
| Solar Electronics Pvt Ltdthis company | ₹4.66 Cr (FY 2025) | ₹3.01 Cr | 64.7% | -22.0% | Kolkata, West Bengal, India | |
| Thazhayil Finance Private Limited | ₹4.66 Cr (FY 2024) | 184.0% | Kochi, Kerala, India | |||
| Maxemo Capital Services Private Limited | ₹4.65 Cr (FY 2024) | 163.0% | Delhi, India | |||
| Shri Aarisht Finance Private Limited | ₹4.65 Cr (FY 2025) | 44.0% | Raipur, Chhattisgarh, India | |||
| Patni Holdings Pvt Ltd | ₹4.64 Cr (FY 2025) | 22.0% | Jodhpur, Rajasthan, India |
To see the full peer comparison of Solar Electronics Pvt Ltd, buy the company report.
Auditor
Solar Electronics Pvt Ltd is audited by JAGDISH ASHOK & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAGDISH ASHOK & CO | FY 2023 | 317168E |
Shareholding
The shareholding of Solar Electronics Pvt Ltd 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 Solar Electronics Pvt Ltd, buy the company report.
Legal cases
Solar Electronics Pvt Ltd has 3 court cases on record: 3 filed by Solar Electronics. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors | Disposed |
| NCLT, Kolkata | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Solar Electronics Pvt Ltd, 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 Solar Electronics Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solar Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAHCS3278G1Z0 | West Bengal | Active | 04 Aug 2022 |
To see the full GST registrations and return filing status of Solar Electronics Pvt Ltd, buy the company report.
Recent activity
Solar Electronics Pvt Ltd has 8 board changes on record since 2009: 3 appointments and 5 cessations. The latest: Vrinda Khandelwal ceased to be Director on 07 Dec 2022.
Frequently asked questions
Solar Electronics is an active private limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 16 May 1985 (41+ years old) and is registered under CIN U32301WB1985PTC038945.
Solar Electronics has 3 current directors:
- Vatsala Khandelwal - Director
- Ravindra Khandelwal - Director
- Suchita Khandelwal - Director
The latest financial statements of Solar Electronics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Solar Electronics is 19AAHCS3278G1Z0, registered in West Bengal.
The CIN (Corporate Identification Number) of Solar Electronics is U32301WB1985PTC038945. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Electronics has 3 court cases on record: 3 filed by the company. Most are in the nclt.
Solar Electronics was incorporated on 16 May 1985, making it 41+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Solar Electronics by revenue are Punjab Reliable Investments Pvt Ltd, Shree Sati Finvest Private Limited, Ruchika Finvest Pvt Ltd, Thazhayil Finance Private Limited, Maxemo Capital Services Private Limited and 2 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Vrinda Khandelwal ceased to be Director on 07 Dec 2022. Jeewan Lal Mohta ceased to be Director on 09 Jun 2022. Vatsala Khandelwal was appointed as Director on 09 Jun 2022. Solar Electronics has 8 board changes on record in total.
The registered office of Solar Electronics is at 521 Shakespeare Sarani 16th Floor, Kolkata, West Bengal, India – 700017.
Solar Electronics operates in the financial services industry, in the nbfc segment.