Solar Industries India Limited

BSE: 532725 NSE: SOLARINDS
Solar Industries India Limited - musical instruments in Nagpur, Maharashtra, India. FY 2026 financials and compliance.
CIN L74999MH1995PLC085878 Incorporated 24 February 1995 ROC Mumbai HQ Nagpur, Maharashtra, India
Active Listed - NSE: SOLARINDS · BSE: 532725 Public Limited Company musical instruments
Data last updated
Revenue · FY 2026
₹9,837.74 Cr
▲ 30.47% YoY
EBITDA · FY 2026
₹2,749.79 Cr
▲ 35.38% YoY
Net profit · FY 2026
₹1,736.64 Cr
▲ 34.84% YoY
Authorised capital
₹27 Cr
Registered with MCA
Paid-up capital
₹18.1 Cr
Issued & subscribed
Open charges
₹1,290.7 Cr
Satisfied ₹378.07 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
2,442
Latest available

About Solar Industries India Limited

Data last updated: 31 January 2026

Solar Industries India Limited is a public limited company based in Nagpur, Maharashtra, India. It specialises in jewellery, a part of the broader musical instruments sector. Incorporated on 24 February 1995, the company has been in operation for over 31 years.

Registered with ROC Mumbai under CIN L74999MH1995PLC085878. Listed on BSE: 532725 and NSE: SOLARINDS.

Capital: an authorised share capital of ₹27 Cr and a paid-up capital of ₹18.1 Cr. Formerly known as Solar Explosives Limited. It is led by directors including Suresh Menon and Dinesh Kumar Batra.

Last AGM: 22 July 2025. Financial statements filed for year ended 31 March 2025. Office: Solarhouse14 Kachimet Amravatiroad, Nagpur, Maharashtra, India – 440023.

As per the financials filed for FY 2025, the company reported a revenue of ₹7,611.09 Cr, a growth of 24% compared to the previous year.

The company has a workforce of approximately 2,442 employees as per the latest available data. Its group structure includes 7 subsidiaries.

The company is associated with 2 brands - Solar Group, Solar Industries. As per MCA filings, the company has open charges of ₹1,290.7 Cr and satisfied charges of ₹378.07 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solargroup.com.

Company Details of Solar Industries India Limited
CIN L74999MH1995PLC085878
Registration Number 085878
Incorporation Date 24 February 1995
ROC Mumbai
Listing Status Listed (BSE: 532725, NSE: SOLARINDS)
Company Status Active
Date of Last AGM 22 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Manish Satyanarayan Nuwal Managing Director Suresh Menon Whole-Time Director Milind Bhalchandra Deshmukh Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    solargroup.com
  • Social Media
  • Apps
  • Registered Address
    Solarhouse14 Kachimet Amravatiroad, Nagpur, Maharashtra, India – 440023
  • Industry
    Musical Instruments, Jewellery, Musical Instrument, Manufacturing, Sports Goods
Company report
Solar Industries India 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 Industries India Limited in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Solar Industries India Limited

Solar Industries India Limited operates two associated brands: Solar Group and Solar Industries. These brands represent Solar Industries India Limited's diversified market presence and brand portfolio.

Brand Description Website
Solar Group
Defense and industrial explosives are manufactured for various sectors. solargroup.com
Solar Industries
Defense and industrial explosives are manufactured for various sectors. solarexplosives.com

Competitors & Alternatives of Solar Industries India Limited

Brands and companies operating in the same space as Solar Industries India Limited include True Velocity, Nammo, Sierra Bullets and 3 more.

Competitor Description Location Founded
True Velocity True Velocity Ammunition products are manufactured and supplied by True Velocity. Garland, United States, United States 2010
Nammo Nammo Ammunition and rocket motors supplied to military and civilian sectors. Raufoss, Norway, Norway 1998
Sierra Bullets Sierra Bullets Precision bullets are manufactured by Sierra Bullets for reloading applications. Sedalia, United States, United States 1947
Sellier & Bellot Sellier & Bellot Sellier & Bellot is engaged in ammunition manufacturing since 1825. Vlasim, Czech Republic, Czechia 1825
ZeroMark ZeroMark Provider of machine learning, kinetic weapons, and robotic services for military New York, United States, United States 2022
FN Herstal FN Herstal Collaboration among single-family offices is facilitated through a secure network. Sandhurst, United Kingdom, United Kingdom 1889

Business Activity of Solar Industries India Limited

Solar Industries India Limited is engaged in the principal business activity of manufacturing, with detailed activities including other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C13 Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities *********

Auditor Details of Solar Industries India Limited

Solar Industries India Limited is audited by SRBC & CO LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
SRBC & CO LLP blur-value blur-value blur-value

Board of Directors of Solar Industries India Limited

Solar Industries India Limited is currently managed by 11 directors, with 33 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
Suresh Menon
Also directs: Solar Explochem Limited, Solar Defence Limited, Solar Defence Systems Limited
Whole-Time Director 11 May 2018 8 Years 1 Months Current
Dinesh Kumar Batra
Also directs: Precision Electronics Limited, Som Distilleries And Breweries Limited, M K U Limited and 1 more
Director 01 Apr 2024 2 Years 3 Months Current
Girija Balakrishnan
Also directs: Indef Manufacturing Limited, I G Petrochemicals Limited, Gfl Limited and 4 more
Director 18 Sep 2025 0 Years 9 Months Current
Milind Bhalchandra Deshmukh
Also directs: Solar Explochem Limited
Whole-Time Director 29 Jul 2021 4 Years 11 Months Current
Ramesh Madhavrao Bhujang
Also directs: Ardour Seeds India Limited, Athaang Infrastructure Investment Manager Private Limited, Rmg Polyvinyl India Limited
Additional Director 03 Dec 2025 0 Years 7 Months Current
Manish Satyanarayan Nuwal
Also directs: Msn Estate Ventures Llp, Msn Nextech Ventures Llp, Msn Ventures Global Enterprises Llp and 5 more
Managing Director 25 Oct 2008 17 Years 8 Months Current
Showing 6 of 11 current directors. View all directors

Financials of Solar Industries India Limited FY 2026 filings available

Solar Industries India Limited reported revenue of ₹9,837.74 Cr (up 30.47% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹9,837.74 Cr ▲ 30.47%
Profit · FY 2026
₹1,736.64 Cr ▲ 34.84%
EBITDA · FY 2026
₹2,749.79 Cr ▲ 35.38%
Revenue₹ Cr · Consolidated05,00010,000FY 2020: ₹2,237 Cr2,237FY 2020FY 2021: ₹2,516 Cr · +12.4% YoY2,516+12.4%FY 2021FY 2022: ₹3,948 Cr · +56.9% YoY3,948+56.9%FY 2022FY 2023: ₹6,923 Cr · +75.4% YoY6,923+75.4%FY 2023FY 2024: ₹6,070 Cr · -12.3% YoY6,070-12.3%FY 2024FY 2025: ₹7,540 Cr · +24.2% YoY7,540+24.2%FY 2025FY 2026: ₹9,838 Cr · +30.5% YoY9,838+30.5%FY 2026
Net Profit₹ Cr · Consolidated01,0002,000FY 2020: ₹279 Cr279FY 2020FY 2021: ₹288 Cr · +3.4% YoY288+3.4%FY 2021FY 2022: ₹455 Cr · +58.1% YoY455+58.1%FY 2022FY 2023: ₹811 Cr · +78.1% YoY811+78.1%FY 2023FY 2024: ₹875 Cr · +7.9% YoY875+7.9%FY 2024FY 2025: ₹1,288 Cr · +47.2% YoY1,288+47.2%FY 2025FY 2026: ₹1,737 Cr · +34.8% YoY1,737+34.8%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year02,0004,000Q1'25: ₹1,695 Cr · +0.7% YoY1,695+0.7%Q1'25Q2'25: ₹1,716 Cr · +27.3% YoY1,716+27.3%Q2'25Q3'25: ₹1,973 Cr · +38.1% YoY1,973+38.1%Q3'25Q4'25: ₹2,167 Cr · +34.5% YoY2,167+34.5%Q4'25Q1'26: ₹2,154 Cr · +27.1% YoY2,154+27.1%Q1'26Q2'26: ₹2,082 Cr · +21.4% YoY2,082+21.4%Q2'26Q3'26: ₹2,548 Cr · +29.2% YoY2,548+29.2%Q3'26Q4'26: ₹3,053 Cr · +40.9% YoY3,053+40.9%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹9,837.74 Cr ₹7,540.26 Cr ₹6,069.52 Cr ₹6,922.53 Cr ₹3,947.61 Cr ₹2,515.63 Cr ₹2,237.3 Cr
Other Income ₹127.98 Cr ₹70.83 Cr ₹44.47 Cr ₹31.52 Cr ₹19.66 Cr ₹21.42 Cr ₹41.05 Cr
Total Income ₹9,965.72 Cr ₹7,611.09 Cr ₹6,113.99 Cr ₹6,954.05 Cr ₹3,967.27 Cr ₹2,537.05 Cr ₹2,278.35 Cr
Cost of Materials Consumed ₹4,503.02 Cr ₹3,375.36 Cr ₹2,709.97 Cr ₹3,819.54 Cr ₹2,065.53 Cr ₹1,185.08 Cr ₹1,103.78 Cr
Purchases of Stock-in-Trade ₹568.68 Cr ₹557.44 Cr ₹402.58 Cr ₹560.22 Cr ₹301.85 Cr ₹199.37 Cr ₹153.36 Cr
Changes in Inventories -₹177.98 Cr -₹25.51 Cr ₹83.62 Cr -₹37.39 Cr -₹40.05 Cr -₹37.68 Cr -₹42.14 Cr
Employee Benefit Expense ₹844.98 Cr ₹600.07 Cr ₹433.46 Cr ₹352.72 Cr ₹289.63 Cr ₹230.64 Cr ₹206.62 Cr
Finance Costs ₹133.97 Cr ₹116.5 Cr ₹109.37 Cr ₹90.38 Cr ₹50.25 Cr ₹45.39 Cr ₹55.04 Cr
Depreciation & Amortisation ₹250.87 Cr ₹181.5 Cr ₹143.38 Cr ₹128.21 Cr ₹109.25 Cr ₹93.53 Cr ₹84.53 Cr
Other Expenses ₹1,477.23 Cr ₹1,072.54 Cr ₹1,070.68 Cr ₹938.52 Cr ₹583.39 Cr ₹423.62 Cr ₹381.36 Cr
Total Expenses ₹7,600.77 Cr ₹5,877.9 Cr ₹4,953.06 Cr ₹5,852.2 Cr ₹3,359.85 Cr ₹2,139.95 Cr ₹1,942.55 Cr
Profit Before Exceptional Items & Tax ₹2,364.95 Cr ₹1,733.19 Cr ₹1,160.93 Cr ₹1,101.85 Cr ₹607.42 Cr ₹397.1 Cr ₹335.8 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹2,364.95 Cr ₹1,733.19 Cr ₹1,160.93 Cr ₹1,101.85 Cr ₹607.42 Cr ₹397.1 Cr ₹335.8 Cr
Total Tax Expense ₹628.58 Cr ₹450.81 Cr ₹286.05 Cr ₹290.41 Cr ₹151.95 Cr ₹109.03 Cr ₹57.13 Cr
Net Profit ₹1,736.64 Cr ₹1,287.93 Cr ₹875.23 Cr ₹811.17 Cr ₹455.47 Cr ₹288.07 Cr ₹278.67 Cr
  attributable to Owners ₹1,677.55 Cr ₹1,209.44 Cr ₹0 ₹757.19 Cr ₹441.28 Cr ₹276.35 Cr ₹267.43 Cr
  attributable to NCI ₹59.09 Cr ₹78.49 Cr ₹0 ₹53.98 Cr ₹14.19 Cr ₹11.72 Cr ₹11.24 Cr
Other Comprehensive Income ₹301 Cr -₹65 Cr -₹171.79 Cr -₹31.63 Cr -₹28.35 Cr -₹12.51 Cr -₹63.38 Cr
Total Comprehensive Income ₹2,037.64 Cr ₹1,222.93 Cr ₹703.44 Cr ₹779.54 Cr ₹427.12 Cr ₹275.56 Cr ₹215.29 Cr
EBITDA (computed) ₹2,749.79 Cr ₹2,031.19 Cr ₹1,413.68 Cr ₹1,320.44 Cr ₹766.92 Cr ₹536.02 Cr ₹475.37 Cr
Basic EPS ₹185.39 ₹133.65 ₹92.38 ₹83.68 ₹48.77 ₹30.54 ₹5.52
Diluted EPS ₹185.39 ₹133.65 ₹92.38 ₹83.68 ₹48.77 ₹30.54 ₹5.52
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹10,919 Cr ₹8,261.32 Cr ₹5,737.2 Cr ₹5,036.25 Cr
Non-current Assets ₹5,881.04 Cr ₹4,134.81 Cr ₹3,079.9 Cr ₹2,534.9 Cr
Current Assets ₹5,037.46 Cr ₹4,122.53 Cr ₹2,657.3 Cr ₹2,501.35 Cr
Property, Plant & Equipment ₹3,715.77 Cr ₹2,469.81 Cr ₹1,919.14 Cr ₹1,614.04 Cr
Inventories ₹1,741.86 Cr ₹1,039.98 Cr ₹846.82 Cr ₹1,097.99 Cr
Trade Receivables ₹1,857.86 Cr ₹1,238.58 Cr ₹844.85 Cr ₹825.28 Cr
Cash & Equivalents ₹469.44 Cr ₹590.43 Cr ₹259.86 Cr ₹245.04 Cr
Equity (Net Worth) ₹6,548.9 Cr ₹4,536.62 Cr ₹3,427.25 Cr ₹2,750.7 Cr
Equity Share Capital ₹18.1 Cr ₹18.1 Cr ₹18.1 Cr ₹18.1 Cr
Borrowings (Non-current) ₹820.36 Cr ₹393.88 Cr ₹583.55 Cr ₹472.71 Cr
Borrowings (Current) ₹647.48 Cr ₹545.71 Cr ₹521.42 Cr ₹696.52 Cr
Total Debt (computed) ₹1,467.84 Cr ₹939.59 Cr ₹1,104.97 Cr ₹1,169.23 Cr
Current Liabilities ₹2,448.89 Cr ₹2,113.88 Cr ₹1,501.42 Cr ₹1,632.32 Cr
Total Liabilities ₹4,369.6 Cr ₹3,724.7 Cr ₹2,309.95 Cr ₹2,285.55 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹620.87 Cr ₹2,467.56 Cr ₹1,406.01 Cr ₹656.48 Cr ₹297.8 Cr
Investing Cash Flow -₹1,163.83 Cr -₹1,593.21 Cr -₹726.46 Cr -₹518.98 Cr -₹303.05 Cr
Financing Cash Flow ₹209.46 Cr -₹476.36 Cr -₹370.28 Cr ₹118.16 Cr -₹45.4 Cr
Capital Expenditure ₹1,739.12 Cr ₹1,005.95 Cr ₹559.75 Cr ₹479.11 Cr ₹287.44 Cr
Free Cash Flow (computed) -₹1,118.25 Cr ₹1,461.61 Cr ₹846.26 Cr ₹177.37 Cr ₹10.36 Cr
Dividends Paid ₹113.94 Cr ₹76.92 Cr ₹76.59 Cr ₹67.87 Cr ₹54.29 Cr
Net Change in Cash -₹120.99 Cr ₹397.99 Cr ₹14.53 Cr ₹160.37 Cr -₹85.26 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹3,052.75 Cr ₹2,548.32 Cr ₹2,082.22 Cr ₹2,154.45 Cr ₹2,166.55 Cr ₹1,973.08 Cr ₹1,715.83 Cr ₹1,694.78 Cr ₹1,610.71 Cr ₹1,429.14 Cr ₹1,347.46 Cr ₹1,682.21 Cr
Other Income ₹44.47 Cr ₹25.07 Cr ₹29.18 Cr ₹29.26 Cr ₹6.55 Cr ₹9.54 Cr ₹30.45 Cr ₹24.29 Cr ₹17.65 Cr ₹10.91 Cr ₹7.72 Cr ₹8.19 Cr
Total Income ₹3,097.22 Cr ₹2,573.39 Cr ₹2,111.4 Cr ₹2,183.71 Cr ₹2,173.1 Cr ₹1,982.62 Cr ₹1,746.28 Cr ₹1,719.07 Cr ₹1,628.36 Cr ₹1,440.05 Cr ₹1,355.18 Cr ₹1,690.4 Cr
Cost of Materials Consumed ₹1,435.22 Cr ₹1,116.34 Cr ₹908.18 Cr ₹994.68 Cr ₹927.13 Cr ₹885.09 Cr ₹640.83 Cr ₹813.96 Cr ₹744.82 Cr ₹634.5 Cr ₹547.74 Cr ₹782.91 Cr
Purchases of Stock-in-Trade ₹164.5 Cr ₹159.37 Cr ₹122.33 Cr ₹122.48 Cr ₹185.86 Cr ₹130.42 Cr ₹252.95 Cr ₹96.56 Cr ₹48.9 Cr ₹129.89 Cr ₹96.72 Cr ₹127.07 Cr
Changes in Inventories -₹78.18 Cr -₹34.39 Cr -₹42.65 Cr -₹22.76 Cr ₹52.49 Cr ₹13.16 Cr -₹50.82 Cr -₹40.34 Cr ₹35.74 Cr -₹12.76 Cr ₹8.26 Cr ₹52.38 Cr
Employee Benefit Expense ₹252.59 Cr ₹213.9 Cr ₹194.7 Cr ₹183.79 Cr ₹173.58 Cr ₹150.69 Cr ₹144.69 Cr ₹131.11 Cr ₹118.54 Cr ₹111.48 Cr ₹103.34 Cr ₹100.1 Cr
Finance Costs ₹41.27 Cr ₹34.38 Cr ₹30.89 Cr ₹27.43 Cr ₹28.78 Cr ₹30.51 Cr ₹29.74 Cr ₹27.47 Cr ₹31.52 Cr ₹28.29 Cr ₹24.89 Cr ₹24.67 Cr
Depreciation & Amortisation ₹71.42 Cr ₹62.85 Cr ₹60.62 Cr ₹55.98 Cr ₹50.49 Cr ₹47.42 Cr ₹43.61 Cr ₹39.98 Cr ₹37.01 Cr ₹38.6 Cr ₹33.67 Cr ₹34.1 Cr
Other Expenses ₹452.65 Cr ₹384.9 Cr ₹346.87 Cr ₹341.41 Cr ₹287.82 Cr ₹267.18 Cr ₹283.41 Cr ₹244.11 Cr ₹309.01 Cr ₹209.79 Cr ₹255.25 Cr ₹296.63 Cr
Total Expenses ₹2,339.47 Cr ₹1,937.35 Cr ₹1,620.94 Cr ₹1,703.01 Cr ₹1,706.15 Cr ₹1,524.47 Cr ₹1,344.41 Cr ₹1,312.85 Cr ₹1,325.54 Cr ₹1,139.79 Cr ₹1,069.87 Cr ₹1,417.86 Cr
Profit Before Exceptional Items & Tax ₹757.75 Cr ₹636.04 Cr ₹490.46 Cr ₹480.7 Cr ₹466.95 Cr ₹458.15 Cr ₹401.87 Cr ₹406.22 Cr ₹302.82 Cr ₹300.26 Cr ₹285.31 Cr ₹272.54 Cr
Exceptional Items ₹0 ₹0 -₹94 Lakh ₹6 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹757.75 Cr ₹636.04 Cr ₹489.52 Cr ₹480.76 Cr ₹466.95 Cr ₹458.15 Cr ₹401.87 Cr ₹406.22 Cr ₹302.82 Cr ₹300.26 Cr ₹285.31 Cr ₹272.54 Cr
Total Tax Expense ₹203 Cr ₹169.37 Cr ₹127.83 Cr ₹128.14 Cr ₹118.26 Cr ₹121.61 Cr ₹103.19 Cr ₹107.75 Cr ₹62.67 Cr ₹76.99 Cr ₹75.54 Cr ₹70.85 Cr
Net Profit ₹556.03 Cr ₹466.54 Cr ₹361.69 Cr ₹352.62 Cr ₹346.11 Cr ₹337.5 Cr ₹303.78 Cr ₹300.54 Cr ₹242.71 Cr ₹221.94 Cr ₹208.99 Cr ₹201.59 Cr
  attributable to Owners ₹547.63 Cr ₹446.25 Cr ₹344.97 Cr ₹338.7 Cr ₹322.23 Cr ₹314.87 Cr ₹7.76 Cr ₹286.46 Cr ₹0 ₹203.33 Cr ₹200.14 Cr ₹197.41 Cr
  attributable to NCI ₹8.4 Cr ₹20.29 Cr ₹16.48 Cr ₹13.92 Cr ₹23.88 Cr ₹22.63 Cr -₹15.49 Cr ₹14.08 Cr ₹0 ₹18.61 Cr ₹8.85 Cr ₹4.18 Cr
Other Comprehensive Income ₹126.1 Cr ₹60.93 Cr ₹57.95 Cr ₹58.72 Cr -₹27.72 Cr -₹34.11 Cr -₹7.73 Cr ₹4.56 Cr ₹22.63 Cr -₹55.1 Cr -₹39.29 Cr -₹100.03 Cr
Total Comprehensive Income ₹682.13 Cr ₹527.47 Cr ₹419.64 Cr ₹411.34 Cr ₹318.39 Cr ₹303.39 Cr ₹296.05 Cr ₹305.1 Cr ₹265.34 Cr ₹166.84 Cr ₹169.7 Cr ₹101.56 Cr
EBITDA (computed) ₹870.44 Cr ₹733.27 Cr ₹581.97 Cr ₹564.11 Cr ₹546.22 Cr ₹536.08 Cr ₹475.22 Cr ₹473.67 Cr ₹371.35 Cr ₹367.15 Cr ₹343.87 Cr ₹331.31 Cr
Basic EPS ₹60.52 ₹49.31 ₹38.12 ₹37.43 ₹35.61 ₹0.00 ₹31.59 ₹31.66 ₹25.98 ₹22.47 ₹22.12 ₹21.82
Diluted EPS ₹60.52 ₹49.31 ₹38.12 ₹37.43 ₹35.61 ₹0.00 ₹31.59 ₹31.66 ₹25.98 ₹22.47 ₹22.12 ₹21.82
Latest 12 quarters shown of 24 on record.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹5,578.86 Cr ₹4,456.6 Cr ₹3,717.52 Cr ₹4,162.25 Cr ₹2,528.34 Cr ₹1,584.4 Cr ₹1,511.54 Cr
Other Income ₹207.24 Cr ₹83.75 Cr ₹58.34 Cr ₹55.84 Cr ₹36.17 Cr ₹25.64 Cr ₹35.35 Cr
Total Income ₹5,786.1 Cr ₹4,540.35 Cr ₹3,775.86 Cr ₹4,218.09 Cr ₹2,564.51 Cr ₹1,610.04 Cr ₹1,546.89 Cr
Cost of Materials Consumed ₹2,553.07 Cr ₹2,354.45 Cr ₹2,048.63 Cr ₹2,796.77 Cr ₹1,647.19 Cr ₹918.71 Cr ₹872.12 Cr
Purchases of Stock-in-Trade ₹409.19 Cr ₹231.18 Cr ₹232.6 Cr ₹213.56 Cr ₹160.35 Cr ₹122.16 Cr ₹102.27 Cr
Changes in Inventories -₹25.9 Cr -₹5.82 Cr ₹20.22 Cr -₹5.51 Cr -₹25.36 Cr -₹17.47 Cr -₹13.95 Cr
Employee Benefit Expense ₹293.55 Cr ₹232.28 Cr ₹185.51 Cr ₹145.36 Cr ₹131.89 Cr ₹95.98 Cr ₹94.1 Cr
Finance Costs ₹26.02 Cr ₹28.93 Cr ₹29.58 Cr ₹27.57 Cr ₹8.85 Cr ₹6.52 Cr ₹12.17 Cr
Depreciation & Amortisation ₹99.71 Cr ₹74.64 Cr ₹63.37 Cr ₹57.02 Cr ₹49.44 Cr ₹37.98 Cr ₹33.96 Cr
Other Expenses ₹789.78 Cr ₹547.4 Cr ₹395.9 Cr ₹383.24 Cr ₹239.13 Cr ₹192.94 Cr ₹193.78 Cr
Total Expenses ₹4,145.42 Cr ₹3,463.06 Cr ₹2,975.81 Cr ₹3,618.01 Cr ₹2,211.49 Cr ₹1,356.82 Cr ₹1,294.45 Cr
Profit Before Exceptional Items & Tax ₹1,640.68 Cr ₹1,077.29 Cr ₹800.05 Cr ₹600.08 Cr ₹353.02 Cr ₹253.22 Cr ₹252.44 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹1,640.68 Cr ₹1,077.29 Cr ₹800.05 Cr ₹600.08 Cr ₹353.02 Cr ₹253.22 Cr ₹252.44 Cr
Total Tax Expense ₹418.98 Cr ₹274.18 Cr ₹203.75 Cr ₹154.69 Cr ₹91.5 Cr ₹64.15 Cr ₹39.04 Cr
Net Profit ₹1,221.7 Cr ₹803.11 Cr ₹596.3 Cr ₹445.39 Cr ₹261.52 Cr ₹189.07 Cr ₹213.4 Cr
Other Comprehensive Income ₹28.65 Cr -₹5.7 Cr ₹55.11 Cr ₹24.35 Cr ₹1.55 Cr ₹65 Lakh -₹65 Lakh
Total Comprehensive Income ₹1,250.35 Cr ₹797.41 Cr ₹651.41 Cr ₹469.74 Cr ₹263.07 Cr ₹189.72 Cr ₹212.75 Cr
EBITDA (computed) ₹1,766.41 Cr ₹1,180.86 Cr ₹893 Cr ₹684.67 Cr ₹411.31 Cr ₹297.72 Cr ₹298.57 Cr
Basic EPS ₹135.01 ₹88.75 ₹65.90 ₹0.00 ₹0.00 ₹20.89 ₹23.58
Diluted EPS ₹135.01 ₹88.75 ₹65.90 ₹0.00 ₹0.00 ₹20.89 ₹23.58
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹5,528.99 Cr ₹4,435.72 Cr ₹3,235.25 Cr ₹2,769.17 Cr
Non-current Assets ₹3,517.26 Cr ₹2,496.92 Cr ₹1,837.39 Cr ₹1,492.53 Cr
Current Assets ₹2,011.73 Cr ₹1,938.8 Cr ₹1,397.86 Cr ₹1,276.64 Cr
Property, Plant & Equipment ₹1,361.38 Cr ₹1,124.3 Cr ₹798.86 Cr ₹769.24 Cr
Inventories ₹405.28 Cr ₹396.97 Cr ₹264.11 Cr ₹460.05 Cr
Trade Receivables ₹984.79 Cr ₹786.52 Cr ₹605.12 Cr ₹539.46 Cr
Cash & Equivalents ₹250.36 Cr ₹192.92 Cr ₹62.95 Cr ₹58.16 Cr
Equity (Net Worth) ₹4,226.82 Cr ₹3,066.96 Cr ₹2,346.47 Cr ₹1,767.45 Cr
Equity Share Capital ₹18.1 Cr ₹18.1 Cr ₹18.1 Cr ₹18.1 Cr
Borrowings (Non-current) ₹78.75 Cr ₹93.56 Cr ₹193.05 Cr ₹182.47 Cr
Borrowings (Current) ₹62.92 Cr ₹101.38 Cr ₹119.43 Cr ₹238.45 Cr
Total Debt (computed) ₹141.67 Cr ₹194.94 Cr ₹312.48 Cr ₹420.92 Cr
Current Liabilities ₹909.05 Cr ₹880.72 Cr ₹559.58 Cr ₹711.12 Cr
Total Liabilities ₹1,302.17 Cr ₹1,368.76 Cr ₹888.78 Cr ₹1,001.72 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹927.34 Cr ₹1,053.91 Cr ₹769.7 Cr ₹132.72 Cr ₹294.01 Cr
Investing Cash Flow -₹681.95 Cr -₹691.25 Cr -₹548.41 Cr -₹270.73 Cr -₹280.21 Cr
Financing Cash Flow -₹187.95 Cr -₹231.81 Cr -₹216.5 Cr ₹173.04 Cr -₹36.02 Cr
Capital Expenditure ₹408.54 Cr ₹277.97 Cr ₹240.71 Cr ₹170.36 Cr ₹128.99 Cr
Free Cash Flow (computed) ₹518.8 Cr ₹775.94 Cr ₹528.99 Cr -₹37.64 Cr ₹165.02 Cr
Dividends Paid ₹90.5 Cr ₹76.92 Cr ₹72.37 Cr ₹67.87 Cr ₹10.11 Cr
Net Change in Cash ₹57.44 Cr ₹130.85 Cr ₹4.79 Cr ₹35.03 Cr -₹22.22 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹1,573.71 Cr ₹1,492.78 Cr ₹1,125.22 Cr ₹1,387.15 Cr ₹1,299.28 Cr ₹1,207.24 Cr ₹905.49 Cr ₹1,044.59 Cr ₹1,001.67 Cr ₹902.25 Cr ₹830.34 Cr ₹983.26 Cr
Other Income ₹83.48 Cr ₹37.51 Cr ₹56.58 Cr ₹29.67 Cr ₹14.53 Cr ₹11.8 Cr ₹31.64 Cr ₹25.78 Cr ₹13.18 Cr ₹17.68 Cr ₹13.56 Cr ₹13.92 Cr
Total Income ₹1,657.19 Cr ₹1,530.29 Cr ₹1,181.8 Cr ₹1,416.82 Cr ₹1,313.81 Cr ₹1,219.04 Cr ₹937.13 Cr ₹1,070.37 Cr ₹1,014.85 Cr ₹919.93 Cr ₹843.9 Cr ₹997.18 Cr
Cost of Materials Consumed ₹743.65 Cr ₹650.34 Cr ₹476.52 Cr ₹682.56 Cr ₹699.95 Cr ₹612.83 Cr ₹451.48 Cr ₹590.19 Cr ₹537.06 Cr ₹463.68 Cr ₹411.44 Cr ₹636.45 Cr
Purchases of Stock-in-Trade ₹76.57 Cr ₹118.57 Cr ₹117.75 Cr ₹96.3 Cr ₹42.37 Cr ₹75.31 Cr ₹62.17 Cr ₹51.33 Cr ₹24.47 Cr ₹85.51 Cr ₹73.7 Cr ₹48.92 Cr
Changes in Inventories -₹3.97 Cr ₹83 Lakh -₹13.27 Cr -₹9.49 Cr -₹5.7 Cr ₹18.73 Cr -₹11.28 Cr -₹7.57 Cr ₹18.55 Cr ₹14.44 Cr ₹10.29 Cr -₹23.06 Cr
Employee Benefit Expense ₹86.4 Cr ₹70.91 Cr ₹67.57 Cr ₹68.67 Cr ₹70.34 Cr ₹56.43 Cr ₹52.78 Cr ₹52.73 Cr ₹52.24 Cr ₹48.17 Cr ₹42.6 Cr ₹42.5 Cr
Finance Costs ₹7.34 Cr ₹5.68 Cr ₹6.26 Cr ₹6.74 Cr ₹8.08 Cr ₹7.88 Cr ₹6.73 Cr ₹6.24 Cr ₹7.88 Cr ₹7.73 Cr ₹6.33 Cr ₹7.64 Cr
Depreciation & Amortisation ₹26.42 Cr ₹25.43 Cr ₹24.73 Cr ₹23.13 Cr ₹20.75 Cr ₹19.1 Cr ₹17.86 Cr ₹16.93 Cr ₹16.2 Cr ₹16.13 Cr ₹15.72 Cr ₹15.32 Cr
Other Expenses ₹213.97 Cr ₹215.48 Cr ₹186.76 Cr ₹173.57 Cr ₹174.04 Cr ₹154.37 Cr ₹119.22 Cr ₹99.77 Cr ₹119.11 Cr ₹98.55 Cr ₹93.12 Cr ₹85.12 Cr
Total Expenses ₹1,150.38 Cr ₹1,087.24 Cr ₹866.32 Cr ₹1,041.48 Cr ₹1,009.83 Cr ₹944.65 Cr ₹698.96 Cr ₹809.62 Cr ₹775.51 Cr ₹734.21 Cr ₹653.2 Cr ₹812.89 Cr
Profit Before Exceptional Items & Tax ₹506.81 Cr ₹443.05 Cr ₹315.48 Cr ₹375.34 Cr ₹303.98 Cr ₹274.39 Cr ₹238.17 Cr ₹260.75 Cr ₹239.34 Cr ₹185.72 Cr ₹190.7 Cr ₹184.29 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹506.81 Cr ₹443.05 Cr ₹315.48 Cr ₹375.34 Cr ₹303.98 Cr ₹274.39 Cr ₹238.17 Cr ₹260.75 Cr ₹239.34 Cr ₹185.72 Cr ₹190.7 Cr ₹184.29 Cr
Total Tax Expense ₹129.03 Cr ₹113.6 Cr ₹80.53 Cr ₹95.82 Cr ₹76.95 Cr ₹69.97 Cr ₹60.71 Cr ₹66.55 Cr ₹59.95 Cr ₹47.4 Cr ₹49.52 Cr ₹46.88 Cr
Net Profit ₹377.78 Cr ₹329.45 Cr ₹234.95 Cr ₹279.52 Cr ₹227.03 Cr ₹204.42 Cr ₹177.46 Cr ₹194.2 Cr ₹179.39 Cr ₹138.32 Cr ₹141.18 Cr ₹137.41 Cr
Other Comprehensive Income ₹15.32 Cr ₹91 Lakh ₹12 Cr ₹42 Lakh -₹15.06 Cr ₹0 ₹9.36 Cr ₹0 ₹55.33 Cr -₹19 Lakh -₹3 Lakh ₹0
Total Comprehensive Income ₹393.1 Cr ₹330.36 Cr ₹246.95 Cr ₹279.94 Cr ₹211.97 Cr ₹204.42 Cr ₹186.82 Cr ₹194.2 Cr ₹234.72 Cr ₹138.13 Cr ₹141.15 Cr ₹137.41 Cr
EBITDA (computed) ₹540.57 Cr ₹474.16 Cr ₹346.47 Cr ₹405.21 Cr ₹332.81 Cr ₹301.37 Cr ₹262.76 Cr ₹283.92 Cr ₹263.42 Cr ₹209.58 Cr ₹212.75 Cr ₹207.25 Cr
Basic EPS ₹41.75 ₹36.41 ₹25.96 ₹30.89 ₹25.09 ₹22.59 ₹19.61 ₹21.46 ₹19.82 ₹15.29 ₹15.60 ₹15.19
Diluted EPS ₹41.75 ₹36.41 ₹25.96 ₹30.89 ₹25.09 ₹22.59 ₹19.61 ₹21.46 ₹19.82 ₹15.29 ₹15.60 ₹15.19
Latest 12 quarters shown of 24 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for Solar Industries India Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Solar Industries India Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 73.15%, foreign institutional investors hold 6.60%, domestic institutional investors hold 12.90%, retail and other public shareholders hold 7.35% of Solar Industries India Limited. The company had 115,917 shareholders on record.

Promoters: 73.15%DII (Domestic Institutional): 12.90%FII (Foreign Institutional): 6.60%Retail & Others: 7.35%
Mar 2026
QUARTER
73.15% Promoters
12.90% DII (Domestic Institutional)
6.60% FII (Foreign Institutional)
7.35% Retail & Others
Promoter holding - history
Now 73.15% · Mar 2026High 73.15% · Mar 2017Low 72.98% · Dec 2015
71%72%73%74%75%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 72.98%Mar 2016: 72.98%Jun 2016: 72.98%Sep 2016: 72.98%Dec 2016: 72.98%Mar 2017: 73.15%Jun 2017: 73.15%Sep 2017: 73.15%Dec 2017: 73.15%Mar 2018: 73.15%Jun 2018: 73.15%Sep 2018: 73.15%Dec 2018: 73.15%Mar 2019: 73.15%Jun 2019: 73.15%Sep 2019: 73.15%Dec 2019: 73.15%Mar 2020: 73.15%Jun 2020: 73.15%Sep 2020: 73.15%Dec 2020: 73.15%Mar 2021: 73.15%Jun 2021: 73.15%Sep 2021: 73.15%Dec 2021: 73.15%Mar 2022: 73.15%Jun 2022: 73.15%Sep 2022: 73.15%Dec 2022: 73.15%Mar 2023: 73.15%Jun 2023: 73.15%Sep 2023: 73.15%Dec 2023: 73.15%Mar 2024: 73.15%Jun 2024: 73.15%Sep 2024: 73.15%Dec 2024: 73.15%Mar 2025: 73.15%Jun 2025: 73.15%Sep 2025: 73.15%Dec 2025: 73.15%Mar 2026: 73.15%73.15%72.98%73.15%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters73.15%73.15%73.15%73.15%73.15%73.15%
Public26.85%26.85%26.85%26.85%26.85%26.85%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%73.15%72.98%
Public26.85%26.85%26.85%26.85%26.85%26.85%26.85%26.85%26.85%26.85%27.02%
Promoter change (YoY, %pts)+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.00+0.17-

Board & Governance of Solar Industries India Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Solar Industries India Limited has 8 directors - 4 independent and 3 executive. The board is chaired by Satyanarayan Nuwal.

DirectorPositionOn board sinceListed boards
Satyanarayan Nuwal Non-Executive - Non Independent Director · Chairperson 1995-02-24 1
Manish Nuwal Executive Director · CEO-MD 2008-10-25 1
Suresh Menon Executive Director 2018-05-11 1
Milind Deshmukh Executive Director 2021-07-29 1
Girija Balakrishnan Non-Executive - Independent Director 2025-09-18 5
Viswanathan Lakshmanan Non-Executive - Independent Director 2025-10-18 3
Ramesh Bhujang Non-Executive - Independent Director 2025-12-03 1
Dinesh Kumar Batra Non-Executive - Independent Director 2024-04-01 3
Board Committees
CommitteeMembers
Audit Committee Manish Nuwal, Girija Balakrishnan, Viswanathan Lakshmanan, Dinesh Kumar Batra (Chairperson)
Nomination and remuneration committee Viswanathan Lakshmanan, Girija Balakrishnan, Dinesh Kumar Batra (Chairperson)
Stakeholders Relationship Committee Viswanathan Lakshmanan (Chairperson), Manish Nuwal, Suresh Menon
Risk Management Committee Manish Nuwal (Chairperson), Suresh Menon, Milind Deshmukh, Dinesh Kumar Batra, Girija Balakrishnan, Ramesh Bhujang, Moneesh Agrawal, Shalinee Mandhana, Ashish Khole, Paresh Patel
Corporate Social Responsibility Committee Satyanarayan Nuwal (Chairperson), Manish Nuwal, Girija Balakrishnan

Group Structure of Solar Industries India Limited

Solar Industries India Limited has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The corporate group structure reflects Solar Industries India Limited's business expansion strategy and organizational complexity.

7
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Solar Explochem Limited U24290MH2022PLC381746 -
Rajasthan Explosives And Chemicals Limited U24292MH1979PLC409419 -
Economic Explosives Limited U24292MH1995PLC091808 -
Emul Tek Private Limited U24292MH2000PTC274027 -
Solar Defence Limited U29220MH2016PLC274147 -
Solar Defence Systems Limited U29253MH2016PLC274677 -

Showing major subsidiaries. Total: 7.

Charges & Borrowings of Solar Industries India Limited

Open charges
₹1,290.7 Cr
Satisfied charges
₹378.07 Cr
Breakdown by lending institutions
Others₹1,290.70 Cr
Latest charge details
DateLenderAmountStatus
01 Sep 2010 Others ₹1,290.7 Cr Open
12 Jan 2017 State Bank of India ₹50 Cr Satisfied
03 May 2006 Citicorp Finance (India) Limited ₹1.82 Cr Satisfied
25 Apr 2006 Citicorp Finance (India) Ltd ₹82.87 Lakh Satisfied
17 Jan 2004 Bank of India ₹90 Cr Satisfied

Total charge records: 54 View all charges

Employees and EPFO Compliance at Solar Industries India Limited

Solar Industries India Limited has a workforce of 2,442 employees as of Jan 31, 2026.

Employee count
2,442
Active EPFO establishments
1
Employee growth
7.81%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Solar Industries India Limited

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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 Industries India Limited

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

GSTIN & GST Filing Data of Solar Industries India Limited

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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 Industries India 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 Industries India Limited

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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 Industries India Limited

MSME Payment Delays by Solar Industries India 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 Industries India Limited

Subsidiaries & Group Companies of Solar Industries India Limited

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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 Industries India Limited

MCA Filings & Documents of Solar Industries India 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 Industries India Limited

Directors
03 Dec 2025
Ramesh Madhavrao Bhujang was appointed as a Additional Director on 03 Dec 2025 & has been associated with this company since 7 months 5 days.
Directors
18 Oct 2025
Viswanathan Lakshmanan was appointed as a Director on 18 Oct 2025 & has been associated with this company since 8 months 20 days.
Directors
18 Sep 2025
Girija Balakrishnan was appointed as a Director on 18 Sep 2025 & has been associated with this company since 9 months 20 days.
Activity
22 Jul 2025
Solar Industries India Limited last Annual general meeting of members was held on 22 Jul 2025 as per latest MCA records.
Activity
31 Mar 2025
Solar Industries India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
19 Jun 2024
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.

Recent News on Solar Industries India Limited

Frequently Asked Questions about Solar Industries India Limited

Solar Industries India Limited is an active public limited company in the musical instruments sector based in Nagpur, Maharashtra, India. It was incorporated on 24 February 1995 (31+ years old) and is registered under CIN L74999MH1995PLC085878. Listed on BSE: 532725 and NSE: SOLARINDS. The company has 2,442 employees.

Solar Industries India Limited reported revenue of ₹7,611.09 Cr for FY 2025 (up 24.00% YoY).

The current directors of Solar Industries India Limited are:

The primary industry of Solar Industries India Limited is musical instruments. The company specifically operates in jewellery. The company is currently active in this sector.

Yes. Solar Industries India Limited is listed on both BSE (code: 532725) and NSE (symbol: SOLARINDS).

Solar Industries India Limited can be reached at the registered office: Solarhouse14 Kachimet Amravatiroad, Nagpur, Maharashtra, India – 440023, or through the website solargroup.com.

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