Solar Industries India Limited

Explosives manufacturer for mining, infrastructure, and construction industries with global presence.

1995 | Nagpur, Maharashtra (India) | Active
Last Updated: July 11, 2024

Solar Industries India Profile

Key Indicators

  • Authorised Capital ₹ 27.00 Cr
  • Paid Up Capital ₹ 18.10 Cr
  • Company Age 29 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,338.77 Cr
  • Satisfied Charges ₹ 378.07 Cr
  • Revenue Growth 64.48%
  • Profit Growth 70.31%
  • Ebitda 67.63%
  • Net Worth 29.43%
  • Total Assets 37.83%

About Solar Industries India

Solar Industries India Limited (SIIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 February 1995 and has a history of 29 years and 11 months. Its registered office is in Nagpur, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532725 and on the National Stock Exchange(NSE) under SOLARINDS.

The Corporate was formerly known as Solar Explosives Limited. The Company is engaged in the Musical Instruments Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 27.00 Cr and a paid-up capital of Rs 18.10 Cr.

The company currently has active open charges totaling ₹1,338.77 Cr. The company has closed loans amounting to ₹378.07 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Solar Industries India Limited India are Shalinee Mandhana as Cfo, Moneesh Agrawal as Cfo, and Khushboo Rai as Company Secretary. Manish Nuwal, Satyanarayan Nuwal, Natrajh Ramakrishna, and Five other members serve as directors at the Company.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    solargroup.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    L74999MH1995PLC085878

  • Company No.

    085878

  • Stock Symbol

    BSE : 532725 NSE : SOLARINDS

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Feb 1995

  • Date of AGM

    21 Jun 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Musical Instruments

What products or services does Solar Industries India Limited offer?

Solar Industries India Limited offers a wide range of products and services, including Industrial Chemicals & Supplies, Water Treatment Chemicals, Product Engineering and Prototyping, Electronics Manufacturing Service.

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

Executive Team (4)

Name Designation Appointment Date Status
Manish Nuwal Country flag representing In Managing Director 25-Oct-2008 Current
Shalinee Mandhana Country flag representing In CFO 27-May-2021 Current
Moneesh Agrawal CFO 27-May-2021 Current
Khushboo Rai Country flag representing In Company Secretary 11-Oct-2007 Current

Board Members (7)

Name Designation Appointment Date Status
Suresh Menon Country flag representing In Whole-Time Director 11-May-2018 Current
Satyanarayan Nuwal Country flag representing In Director 24-Feb-1995 Current
Natrajh Ramakrishna Country flag representing In Director 19-Oct-2022 Current
Jagdish Belwal Country flag representing In Director 05-Dec-2022 Current
Dinesh Batra Country flag representing In Additional Director 10-Apr-2024 Current
Milind Deshmukh Country flag representing In Whole-Time Director 29-Jul-2021 Current

Financial Performance of Solar Industries India.

Solar Industries India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 64.48% increase. The company also saw a substantial improvement in profitability, with a 70.31% increase in profit. The company's net worth Soared by an impressive increase of 29.43%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • 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
64.48%
Revenue from Operations
64.62%
Total Assets
37.83%
Profit or Loss
70.31%
Net Worth
29.43%
EBITDA
67.63%

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

In 2023, Solar Industries India had a promoter holding of 73.15% and a public holding of 26.85%. The company had 6 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,338.77 Cr

Satisfied Charges

₹378.07 Cr

Charges Breakdown by Lending Institutions

  • Others : 1338.77 Cr

Latest Charge Details

Date Lender Amount Status
01 Sep 2010 Others ₹1,338.77 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

How Many Employees Work at Solar Industries India?

Solar Industries India has a workforce of 1946 employees as of Apr 06, 2024. 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Solar Industries India

Recent activity within the organization

  • Director Appointment

    Dinesh Kumar Batra was appointed as a Additional Director was appointed as a Additional Director on 10 Apr 2024 & has been associated with this company since 10 months 9 days .

    10 Apr 2024

  • Annual General Meeting

    Solar Industries India Limited last Annual general meeting of members was held on 21 Jun 2023 as per latest MCA records.

    21 Jun 2023

  • Charges

    A charge with Others of Rs. 1,338.77 Cr registered on 01 Sep 2010 with Charge ID 10240188 was modified on 18 May 2023.

    18 May 2023

  • Balance Sheet

    Solar Industries India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

    31 Mar 2023

  • Director Appointment

    Jagdish Chandra Belwal was appointed as a Director was appointed as a Director on 05 Dec 2022 & has been associated with this company since 2 years 2 months .

    05 Dec 2022

  • Director Appointment

    Natrajh Ramakrishna was appointed as a Director was appointed as a Director on 19 Oct 2022 & has been associated with this company since 2 years 4 months .

    19 Oct 2022

Frequently asked questions

  • Solar Industries India Limited was incorporated on 24 Feb 1995.

  • The authorized share capital of Solar Industries India Limited is ₹ 27.00 Cr and paid-up capital is ₹ 18.10 Cr.

  • Currently 11 directors are associated with Solar Industries India Limited.

    • Manish Satyanarayan Nuwal
    • Satyanarayan Nandlal Nuwal
    • Natrajh Ramakrishna
    • Suresh Menon
    • Jagdish Chandra Belwal
    • Dinesh Kumar Batra
    • Milind Bhalchandra Deshmukh
    • Rashmi Prasad
    • Shalinee Manish Mandhana
    • Moneesh Agrawal
    • Khushboo Ashok Rai
  • As per Ministry of Corporate Affairs (Mca), the registered address of Solar Industries India Limited is "Solar" House, 14 Kachimet Amravati Road, Nagpur, Maharashtra, India, 440023.

  • The corporate identification number (CIN) of Solar Industries India Limited is L74999MH1995PLC085878 and the company number is 085878 as per Ministry of Corporate Affairs (MCA).

  • Yes, Solar Industries India Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SOLARINDS.

  • The Official website of Solar Industries India Limited is https://www.solargroup.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Solar Industries India Limited has risen by 64.48%.

  • As Per 2023 financial reports, 1946 employees are currently employed by Solar Industries India Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Solar Industries India Limited has experienced an upsurge of 29.43%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Solar Industries India Limited amount to ₹ 1,338.77 Cr.

  • The most recent Balance Sheet for Solar Industries India Limited was filed with the ROC on 31 Mar 2023.

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