Solar Industries India Limited - Company Profile

It is a musical instruments public limited company based in Nagpur, Maharashtra, India, established in 1995.

1995 Nagpur, Maharashtra, India Active

Last Updated: January 31, 2026

About Solar Industries India Limited

Solar Industries India Limited, a active public limited company, was established on 24 February 1995 in Nagpur, Maharashtra, India. Engaging in jewellery within the manufacturing sector, it holds CIN: L74999MH1995PLC085878. Registered under ROC Roc Mumbai. it is listed on BSE: 532725 and NSE: SOLARINDS. It has an authorized capital of ₹27.00 Cr and a paid-up capital of ₹18.10 Cr.

Formerly known as Solar Explosives Limited. It upholds a compliant status. In 2024, it reported revenue of ₹3,775.86 Cr and a net worth of ₹2,346.47 Cr. Employing 2,442 professional, Its leadership includes Suresh Menon (Whole-Time Director), Dinesh Kumar Batra (Director), Girija Balakrishnan (Director). Past directors included Rama Krishna Prasad Chapalamadugu, Ajai Govindprasad Nigam, Rashmi Prasad. It holds ₹1,290.70 Cr open charges and ₹378.07 Cr settled loans. Its latest AGM occurred on 22 July 2025, with the balance sheet filed on 31 March 2025. It is based at Solarhouse14,Kachimet,Amravatiroad, Nagpur, Maharashtra, 440023.

Company Details

CIN/LLPIN
L74999MH1995PLC085878
Registration Number
085878
Incorporation Date
24 February 1995
Authorized Capital
₹27.00 Cr
Paid-Up Capital
₹18.10 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 532725, NSE: SOLARINDS)
Company Status
Active

Key Metrics

Authorised Capital ₹ 27.00 Cr as on 31-01-2026
Paid Up Capital ₹ 18.10 Cr as on 31-01-2026
Company Age 30 Year, 11 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 1,290.70 Cr as on 31-01-2026
Satisfied Charges ₹ 378.07 Cr as on 31-01-2026
Revenue Growth **** -10.48% (FY 2024)
Profit Growth **** 33.88% (FY 2024)
Ebitda **** 32.73% (FY 2024)
Net Worth 32.76% (FY 2024)
Total Assets **** 16.83% (FY 2024)

Comprehensive Company Insights

Explore comprehensive insights into Solar Industries India Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Solar Industries India Limited?

Current Directors

Name	Designation	Appointment Date	Status
Suresh Menon	Whole-Time Director	11 May 2018	Current
Dinesh Kumar Batra	Director	01 Apr 2024	Current
Girija Balakrishnan	Director	18 Sep 2025	Current
Milind Bhalchandra Deshmukh	Whole-Time Director	29 Jul 2021	Current
Ramesh Madhavrao Bhujang	Additional Director	03 Dec 2025	Current
Manish Satyanarayan Nuwal	Managing Director	25 Oct 2008	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	11 Oct 2007	Past
Pramod Abcsdd	Additional Director	23 Aug 2010	Past
Pramod Abcsdd	Additional Director	10 Dec 2023	Past
Pramod Abcsdd	Additional Director	31 Jul 2018	Past
Pramod Abcsdd	Director	16 Sep 2020	Past
Pramod Abcsdd	Director	21 Aug 2021	Past

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Financial Performance of Solar Industries India.

Solar Industries India Limited, for the financial year ended 2024, experienced significant reduction in revenue, with a 10.48% decrease. The company also saw a substantial improvement in profitability, with a 33.88% increase in profit. The company's net worth Soared by an impressive increase of 32.76%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-10.48%

*******

Revenue from Operations

*******

-10.68%

*******

Total Assets

*******

16.83%

*******

Profit or Loss

*******

33.88%

*******

Net Worth

*******

32.76%

*******

EBITDA

*******

32.73%

*******

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What is the Ownership and Shareholding Structure of Solar Industries India?

In 2024, Solar Industries India had a promoter holding of 73.15% and a public holding of 26.84%. The company had 7 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹12,907,000,000.00

Satisfied Charges

₹3,780,735,289.00

Charges Breakdown by Lending Institutions

Others : 1290.70 Cr

Latest Charge Details

Date	Lender	Amount	Status
01 Sep 2010	Others	₹1,290.70 Cr	Open
12 Jan 2017	State Bank Of India	₹50.00 Cr	Satisfied
03 May 2006	Citicorp Finance (India) Limited	₹1.82 Cr	Satisfied
25 Apr 2006	Citicorp Finance (India) Ltd	₹8.29 M	Satisfied
17 Jan 2004	Bank Of India	₹90.00 Cr	Satisfied

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How Many Employees Work at Solar Industries India?

Solar Industries India has a workforce of 2442 employees as of Jan 31, 2026. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Solar Industries India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Solar Industries India's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Solar Industries India

Recent Activity within the Organization

Director Appointment

The activity Ramesh Madhavrao Bhujang was appointed as a Additional Director was appointed as a Additional Director on 03 Dec 2025 & has been associated with this company since 2 months 15 days . was completed.
03 Dec 2025
Director Appointment

Progress on Viswanathan Lakshmanan was appointed as a Director was appointed as a Director on 18 Oct 2025 & has been associated with this company since 4 months . was documented.
18 Oct 2025
Director Appointment

Progress on Girija Balakrishnan was appointed as a Director was appointed as a Director on 18 Sep 2025 & has been associated with this company since 4 months 30 days . was documented.
18 Sep 2025
Annual General Meeting

Solar Industries India Limited last Annual general meeting of members was held on 22 Jul 2025 as per latest MCA records. was recorded as a recent event.
22 Jul 2025
Balance Sheet

Solar Industries India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Charges

A charge with Others of Rs. 1,290.70 Cr registered on 01 Sep 2010 with Charge ID 10240188 was modified on 19 Jun 2024. was recorded as a recent event.
19 Jun 2024

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