About Solaris Ceramics Private Limited
Data last updated:
Solaris Ceramics Private Limited was a private limited company based in Sartanpar, Gujarat, India, operated as a subsidiary of Varmora Granito Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 03 August 2009.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26914GJ2009PTC057698. Its GSTIN is 24AANCS2491M1ZT (Gujarat).
The company had an authorised share capital of ₹20.1 Cr and a paid-up capital of ₹16.68 Cr. It was led by directors including Ashokkumar Naranbhai Patel and Hiren Ramanbhai Varmora.
Its last annual general meeting (AGM) was held on 28 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Sartanpar, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹124.56 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹10.97 Cr (net margin 8.8%) and EBITDA of ₹22.7 Cr (EBITDA margin 18.2%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
The company had about 26 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Varmora Granito. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it. The company has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹9.98 Cr; the latest was in July 2022. Its 3 peer companies in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products) are compared by revenue, 1 larger and 2 smaller; the largest is Solostone Tiles Private Limited with revenue of ₹125.18 Cr. The company has 3 MSME Form 1 returns on record between 2019 and 2023, listing 20 overdue payments to 4 micro and small suppliers.
The last known website on record is varmora.com.
Company details
Contact details
Solaris Ceramics Private Limited's registered office is in Sartanpar, Gujarat. Its website is varmora.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressS. No. 123/P1 123/1P1 122/P1, Tal. Wankaner Nr. Makansar Vid India, Sartanpar, Gujarat, India – 363622
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Solaris Ceramics Private Limited, 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
Brands
Solaris Ceramics operates one associated brand: Varmora Granito. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Ceramic flooring tiles are manufactured for construction applications. | varmora.com |
Business activity
The main business activity of Solaris Ceramics is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Solaris Ceramics Private Limited, buy the company report.
Financials of Solaris Ceramics Private Limited
FY 2023 filings availableSolaris Ceramics Private Limited reported revenue of ₹124.56 Cr (down 3% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA rose 140% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹22.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.97 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18.2% | ||||
| Net Profit Margin | 8.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Solaris Ceramics Private Limited, buy the company report.
Board of directors and KMP of Solaris Ceramics Private Limited
Solaris Ceramics Private Limited currently reports 3 directors and 1 key managerial person. 7 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashokkumar Naranbhai Patel Also directs: Sentosa Granito Private Limited | Director | 27 Feb 2017 | 9 Years 8 Months | As last reported |
| Hiren Ramanbhai Varmora Also directs: Varmora Granito Limited | Director | 17 Jun 2015 | 11 Years 4 Months | As last reported |
| Ravi Prakashbhai Ranpura Also directs: Skse Securities Limited | Company Secretary | 01 Jan 2022 | 4 Years 10 Months | As last reported |
| Manishkumar Vallabhbhai Varmora | Director | 03 Aug 2009 | 17 Years 3 Months | As last reported |
Peer comparison
Solaris Ceramics Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Solostone Tiles Private Limited | ₹125.18 Cr (FY 2025) | -5.0% | Morbi, Gujarat, India | |||
| Solaris Ceramics Private Limitedthis company | ₹124.56 Cr (FY 2023) | ₹10.97 Cr | 8.8% | -3.0% | 26 | Sartanpar, Gujarat, India |
| Vintage Tiles Private Limited | ₹124.17 Cr (FY 2025) | -17.0% | Morbi, Gujarat, India | |||
| Spentagon Ceramic Private Limited | ₹120.07 Cr (FY 2025) | 14.0% | Rangpar, Gujarat, India |
To see the full peer comparison of Solaris Ceramics Private Limited, buy the company report.
Auditor
Solaris Ceramics Private Limited is audited by GHETIYA M.C & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GHETIYA M.C & CO. | FY 2022 | 131273W |
Shareholding
The shareholding of Solaris Ceramics 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 Solaris Ceramics Private Limited, buy the company report.
Deals & funding
Solaris Ceramics Private Limited has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹9.98 Cr; the latest was in July 2022.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Jun 2022 | Acquisition | Undisclosed | Buyer: Varmora Granito Limited Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Varmora Granito Limited Seller: 4 individuals |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| May 2011 | Funding round | ₹2 Cr | Investors: 4 individuals |
To see the full deal history of Solaris Ceramics 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
Solaris Ceramics Private Limited has 10 court cases on record: 2 filed by Solaris Ceramics, 8 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 0 |
| High courts | 1 | 0 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, RAJKOT, Gujarat | Court case (WC MIS LC) | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (DST LC) | Filed against the company by an individual | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against State of Gujarat | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
| District court, RAJKOT, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
To see the full case history of Solaris Ceramics Private Limited, 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.
Credit ratings & regulatory alerts
Solaris Ceramics Private Limited was last rated by Care on 07 Feb 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Feb 2023 |
To see the full credit ratings and regulatory alerts of Solaris Ceramics Private Limited, buy the company report.
MSME payment delays
Solaris Ceramics Private Limited has 3 MSME Form 1 returns on record between 2019 and 2023, listing 20 overdue payments to 4 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prime Polymers | |||
| Techno Craft | |||
| Swastik Timber | |||
| Dynamic Abrasives LLP |
To see the full MSME payment records of Solaris Ceramics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solaris Ceramics Private Limited has a workforce of 26 employees on its EPFO records as of Oct 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 26 |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Solaris Ceramics Private Limited, buy the company report.
GST
Solaris Ceramics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AANCS2491M1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solaris Ceramics Private Limited, buy the company report.
Recent activity
Solaris Ceramics Private Limited has 10 board changes on record since 2009: 4 appointments and 6 cessations. The latest: Bharatkumar Hargovindbhai Zalariya ceased to be Director on 22 Jul 2023.
1 earlier event is in the company report.
News
Frequently asked questions
Solaris Ceramics has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Solaris Ceramics was a private limited company based in Sartanpar, Gujarat, India. The company worked in sanitaryware and tile, within the manufacturing industry. It was incorporated on 03 August 2009 and is registered under CIN U26914GJ2009PTC057698. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Solaris Ceramics was incorporated on 03 August 2009. It is registered with the Registrar of Companies, Ahmedabad.
Solaris Ceramics had 4 directors and KMP:
- Ashokkumar Naranbhai Patel - Director
- Hiren Ramanbhai Varmora - Director
- Manishkumar Vallabhbhai Varmora - Director
- Ravi Prakashbhai Ranpura - Company Secretary
The CIN (Corporate Identification Number) of Solaris Ceramics is U26914GJ2009PTC057698. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Solaris Ceramics is at S. No. 123P1 1231P1 122P1, Tal. Wankaner Nr. Makansar Vid India, Sartanpar, Gujarat, India – 363622.
Solaris Ceramics can be reached through the website varmora.com. Its registered office is in Sartanpar, Gujarat, India.
The latest financial statements of Solaris Ceramics on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 28 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Solaris Ceramics is 24AANCS2491M1ZT, registered in Gujarat.
Solaris Ceramics operated in the manufacturing industry, in the sanitaryware and tile segment.
Solaris Ceramics has 8 deals on record (4 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹9.98 Cr; the latest was in July 2022.
The peers of Solaris Ceramics by revenue are Solostone Tiles Private Limited, Vintage Tiles Private Limited, Spentagon Ceramic Private Limited, all in the Manufacturing industry (Ceramics, Sanitaryware and Tiles), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
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