MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-01-0001309
Solar Magic Private Limited - agriculture in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹14.78 Cr
▲ 33% YoY
Net profit · FY 2025
₹1.35 Cr
Net margin 9.1%
EBITDA · FY 2025
₹1.77 Cr
EBITDA margin 12%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹5.45 Cr
Issued & subscribed
Satisfied charges
₹5 Cr
No open charges
Company age
28 yrs
Est. 1998
Employees · EPFO
9
Provident fund records
About Solar Magic Private Limited
Data last updated:
Solar Magic Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Godavari Biorefineries Limited. It operates in the agricultural support and advisory segment of the agriculture sector. It was incorporated on 06 March 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U01100MH1998PTC113856. Its GSTIN is 29AACCP7141G1ZD (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.45 Cr. It was formerly known as Padmanabh Agencies Limited and Padmanabh Agencies Private Limited. It is led by directors including Dharmil Nirupam Sheth and Karan Harshad Mengar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Somaiya Bhavan 45/47 M G Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.78 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹1.35 Cr (net margin 9.1%) and EBITDA of ₹1.77 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 7% over five years.
The company has about 9 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹5 Cr on record. The company has 7 deals on record (2 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹1.9 Cr; the latest was in June 2022.
Solar Magic Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-01-0001309). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website somaiya.com.
Company details
CIN U01100MH1998PTC113856
Registration Number 113856
Incorporation Date 06 March 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Godavari Biorefineries Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-01-0001309
Name history
Solar Magic has undergone 2 name changes throughout its history. The company was previously known as Padmanabh Agencies Limited, and Padmanabh Agencies Private Limited. The current legal name is Solar Magic Private Limited.
| Company Name | Status |
|---|---|
| Solar Magic Private Limited | Current |
| Padmanabh Agencies Limited | Previous |
| Padmanabh Agencies Private Limited | Previous |
CIN history
Solar Magic has one previous CIN (Corporate Identification Number): U51900MH1998PTC113856. The current CIN is U01100MH1998PTC113856, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U01100MH1998PTC113856 | Current |
| U51900MH1998PTC113856 | Previous |
Key People
Dharmil Nirupam Sheth Director Karan Harshad Mengar Director Samir Shantilal Somaiya Director Recognitions & Rankings of Solar Magic
Contact details
Solar Magic Private Limited's registered office is in Mumbai, Maharashtra. Its website is somaiya.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSomaiya Bhavan 45/47 M G Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryAgriculture, Agri Support Services, Agro Retail & Distribution, Crop Production & Distribution
To see the full contact details of Solar Magic Private Limited, buy the company report.
Comprehensive company report
Solar Magic Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Solar Magic are trade and manufacturing. In detail, this covers retail trading and food, beverages and tobacco products. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Solar Magic Private Limited, buy the company report.
Financials of Solar Magic Private Limited
FY 2025 filings availableSolar Magic Private Limited reported revenue of ₹14.78 Cr (up 33% YoY) for FY 2025.
Revenue · FY 2025
₹14.78 Cr ▲ 33%
Net profit · FY 2025
₹1.35 Cr margin 9.1%
EBITDA · FY 2025
₹1.77 Cr margin 12%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 18%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 116%
3 years · compounded
▲ 143%
5 years · compounded
▲ 4%
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 33% growth in the latest year. EBITDA rose 116% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹1.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.35 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 12% | ||||
| Net Profit Margin | 9.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Solar Magic Private Limited, buy the company report.
Board of directors of Solar Magic Private Limited
Solar Magic has 5 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmil Nirupam Sheth Also directs: D Three S Consultancy Services LLP, All Home Bharat Platform Private Limited, Emergent Bharat Finance Private Limited and 1 more | Director | 20 Jun 2020 | 6 Years 4 Months | Current |
| Karan Harshad Mengar | Director | 20 Jun 2020 | 6 Years 4 Months | Current |
| Samir Shantilal Somaiya | Director | 06 Mar 1998 | 28 Years 8 Months | Current |
| Bhalachandra Raghavendra Bakshi Also directs: Godavari Biorefineries Limited | Director | 29 Mar 2011 | 15 Years 7 Months | Current |
| Veerappa Shankrappa Kanabur | Director | 30 Nov 2023 | 2 Years 11 Months | Current |
Auditor
Solar Magic Private Limited is audited by DESAI SAKSENA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DESAI SAKSENA & ASSOCIATES | FY 2023 | 102358W |
Shareholding
The shareholding of Solar Magic Private Limited 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solar Magic Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Nov 2015 | 10607033 | Corporation Bank | ₹5 Cr | Satisfied |
To see the full charge records of Solar Magic Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Solar Magic Private Limited has 7 deals on record (2 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹1.9 Cr; the latest was in June 2022.
Total deals
7
Funding rounds
2
Secondary share transfers
2
Acquisitions
2
Rights issue
1
Disclosed funding
₹1.9 Cr
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Rights issue | ₹2 Cr | Investors: Godavari Biorefineries Limited |
| Oct 2016 | Funding round | ₹1.5 Cr | Investors: Godavari Biorefineries Limited |
| Mar 2013 | Funding round | ₹40 Lakh | Investors: Godavari Biorefineries Limited |
| Mar 2011 | Acquisition | ₹1.5 Cr | Buyer: Godavari Biorefineries Limited |
| Mar 2010 | Acquisition | ₹5 Lakh | Buyer: Godavari Biorefineries Limited Seller: Somaiya Properties and Investments Private Limited |
To see the full deal history of Solar Magic Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Solar Magic Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solar Magic Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solar Magic Private Limited has a workforce of 9 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
9
Active EPFO establishments
1
GST
Solar Magic has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCP7141G1ZD | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solar Magic Private Limited, buy the company report.
Recent activity
Solar Magic Private Limited has 25 board changes on record since 1998: 15 appointments and 10 cessations. The latest: Veerappa Shankrappa Kanabur was appointed as Director on 30 Nov 2023.
AGM
Solar Magic Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solar Magic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Veerappa Shankrappa Kanabur was appointed as Director.
Ceased
Atul Kumar Agrawal ceased to be Director.
Ceased
Hukkeri Shrishail Mallappa ceased to be Director.
Charges
A charge registered on 16 Nov 2015 via Charge ID 10607033 with Corporation Bank was fully satisfied on 15 Feb 2023.
Appointed
Hukkeri Shrishail Mallappa was appointed as Director.
Ceased
Virupakshagouda Channabasappagouda Patil ceased to be Director.
Ceased
Vinay Venkatesh Joshi ceased to be Director.
Appointed
Dharmil Nirupam Sheth was appointed as Director.
Appointed
Karan Harshad Mengar was appointed as Director.
Ceased
Saleem Usmansab Jamadar ceased to be Director.
18 earlier events are in the company report.
Frequently asked questions
Solar Magic is an active private limited company based in Mumbai, Maharashtra, India. The company works in agri support services, within the agriculture industry. It was incorporated on 06 March 1998 (28+ years old) and is registered under CIN U01100MH1998PTC113856.
Solar Magic has 5 current directors:
- Dharmil Nirupam Sheth - Director
- Karan Harshad Mengar - Director
- Samir Shantilal Somaiya - Director
- Bhalachandra Raghavendra Bakshi - Director
- Veerappa Shankrappa Kanabur - Director
The latest financial statements of Solar Magic on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Solar Magic is 29AACCP7141G1ZD, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Solar Magic is U01100MH1998PTC113856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solar Magic was incorporated on 06 March 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Solar Magic has 7 deals on record (2 funding rounds, 2 secondary share transfers, 2 acquisitions), with disclosed funding of ₹1.9 Cr; the latest was in June 2022.
Veerappa Shankrappa Kanabur was appointed as Director on 30 Nov 2023. Atul Kumar Agrawal ceased to be Director on 13 Nov 2023. Hukkeri Shrishail Mallappa ceased to be Director on 31 May 2023. Solar Magic has 25 board changes on record in total.
Yes, Solar Magic is registered as a small enterprise under Udyam registration (number: UDYAM-KR-01-0001309).
Solar Magic can be reached through the website somaiya.com. Its registered office is in Mumbai, Maharashtra, India.
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