MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0056039
Solas Fire Safety Equipment Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹15.64 Cr
▼ 46% YoY
Net loss · FY 2025
₹5.61 Cr
Net margin -35.9%
EBITDA · FY 2025
-₹4.69 Cr
EBITDA margin -30%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹1.5 Cr
Issued & subscribed
Open charges
₹11.58 Cr
Satisfied ₹2.51 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
79
Provident fund records
About Solas Fire Safety Equipment Private Limited
Data last updated:
Solas Fire Safety Equipment Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the fire safety and firefighting equipment segment of the machinery and industrial equipment sector. It was incorporated on 18 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29299KA2002PTC030780. Its GSTIN is 29AAGCS6993R1Z1 (Karnataka). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.5 Cr. It is led by directors Nagraj Ramesh Shenoy (Managing Director) and Kavitha Shenoy (Whole-Time Director).
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.64 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹5.61 Cr (net margin -35.9%) and EBITDA of -₹4.69 Cr (EBITDA margin -30%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 11% over five years.
The company has about 79 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solas Fire. As per MCA filings, the company has open charges of ₹11.58 Cr and satisfied charges of ₹2.51 Cr on record. Court records list 52 cases involving the company, including 1 filed by the company and 51 filed against it; 1 case is pending.
Solas Fire Safety Equipment Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0056039). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solasfire.net.
Company details
CIN U29299KA2002PTC030780
Registration Number 030780
Incorporation Date 18 July 2002
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0056039
Recognitions & Rankings of Solas Fire Safety Equipment
Contact details
Solas Fire Safety Equipment Private Limited's registered office is in Bangalore, Karnataka. Its website is solasfire.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo. 52/3 Madanayakanahalli, Tumkur Road, Bangalore, Karnataka, India – 562162
- IndustryMachinery and Equipment, Fire Safety & Firefighting Equipment
To see the full contact details of Solas Fire Safety Equipment Private Limited, buy the company report.
Comprehensive company report
Solas Fire Safety Equipment 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Solas Fire Safety Equipment operates one associated brand: Solas Fire. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides fire protection and security systems for various industries. | solasfire.net |
Business activity
The main business activity of Solas Fire Safety Equipment is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Solas Fire Safety Equipment Private Limited, buy the company report.
Financials of Solas Fire Safety Equipment Private Limited
FY 2025 filings availableSolas Fire Safety Equipment Private Limited reported revenue of ₹15.64 Cr (down 46% YoY) for FY 2025.
Revenue · FY 2025
₹15.64 Cr ▼ 46%
Net loss · FY 2025
₹5.61 Cr margin -35.9%
EBITDA · FY 2025
-₹4.69 Cr margin -30%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 46%
3 years · compounded
▲ 11%
5 years · compounded
▼ 11%
EBITDA CAGR growth
1 year
▼ 438%
3 years · compounded
▼ 80%
5 years · compounded
▼ 31%
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 46% fall in the latest year. EBITDA fell 438% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹4.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.61 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | -30% | ||||
| Net Profit Margin | -35.9% | ||||
| 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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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Solas Fire Safety Equipment Private Limited, buy the company report.
Board of directors of Solas Fire Safety Equipment Private Limited
Solas Fire Safety Equipment has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nagraj Ramesh Shenoy Also directs: Vermicast Organic Solutions LLP, V-Tronik Innovation LLP | Managing Director | 18 Jul 2002 | 24 Years 3 Months | Current |
| Kavitha Shenoy | Whole-Time Director | 18 Jul 2002 | 24 Years 3 Months | Current |
Auditor
Solas Fire Safety Equipment Private Limited is audited by K. G. ACHARYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K. G. ACHARYA & CO | FY 2023 | 008019S |
Shareholding
The shareholding of Solas Fire Safety Equipment 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 Solas Fire Safety Equipment Private Limited, buy the company report.
Charges & borrowings
Open charges
₹11.58 Cr
Satisfied charges
₹2.51 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Nov 2021 | 100547568 | Canara Bank | ₹59 Lakh | Open | |
| 15 Jun 2020 | 100342159 | Canara Bank | ₹89 Lakh | Open | |
| 26 May 2016 | 100040571 | Syndicate Bank | ₹14.5 Lakh | Open | |
| 09 Feb 2009 | 10147826 | Syndicate Bank | ₹9.95 Cr | Open | |
| 10 Jan 2006 | 80065732 | Syndicate Bank | ₹32.35 Lakh | Satisfied |
To see the full charge records of Solas Fire Safety Equipment Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Solas Fire Safety Equipment Private Limited has 52 court cases on record: 1 filed by Solas Fire Safety Equipment, 51 filed against it. 1 case is pending and 51 are disposed.
Total cases
52
Filed by the company
1
Filed against the company
51
Pending
1
Disposed
51
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 50 | 49 | 0 |
| NCLT | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 52)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Ms Ceasefire Industries Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Poonawalla Fincorp Ltd. | Disposed |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Neo Growth Credit Private Limited | Disposed |
| NCLT, Bengaluru | Insolvency matter | Filed against the company by M/S Aster Technologies Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Bajaj Electricals Ltd | Disposed |
To see the full case history of Solas Fire Safety Equipment 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
Solas Fire Safety Equipment Private Limited was last rated by Crisil on 24 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Dec 2019 |
To see the full credit ratings and regulatory alerts of Solas Fire Safety Equipment Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solas Fire Safety Equipment Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Solas Fire Safety Equipment Private Limited has a workforce of 79 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
79
Active EPFO establishments
1
Employee growth
54.9%
GST
Solas Fire Safety Equipment has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCS6993R1Z1 | Karnataka | Active | 01 Jul 2017 |
| 27AAGCS6993R1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 33AAGCS6993R1ZC | Tamil Nadu | Active | 01 Jul 2017 |
| 36AAGCS6993R1Z6 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solas Fire Safety Equipment Private Limited, buy the company report.
Recent activity
Solas Fire Safety Equipment Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Kavitha Shenoy was appointed as Whole-Time Director on 18 Jul 2002.
AGM
Solas Fire Safety Equipment Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solas Fire Safety Equipment Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Canara Bank amounted to Rs. 0.59 Cr with Charge ID 100547568 was registered on 23 Nov 2021.
Charges
A charge with Canara Bank amounted to Rs. 0.89 Cr with Charge ID 100342159 was registered on 15 Jun 2020.
Charges
A charge with Syndicate Bank amounted to Rs. 0.15 Cr with Charge ID 100040571 was registered on 26 May 2016.
Charges
A charge with Syndicate Bank of Rs. 9.95 Cr registered on 09 Feb 2009 with Charge ID 10147826 was modified on 19 May 2015.
Charges
A charge registered on 10 Jan 2006 via Charge ID 80065732 with Syndicate Bank was fully satisfied on 20 Sep 2012.
Charges
A charge registered on 26 Dec 2005 via Charge ID 80065734 with Syndicate Bank was fully satisfied on 20 Sep 2012.
Charges
A charge registered on 14 Dec 2005 via Charge ID 80065733 with Syndicate Bank was fully satisfied on 20 Sep 2012.
Charges
A charge registered on 08 Sep 2004 via Charge ID 90200947 with Syndicate Bank was fully satisfied on 20 Sep 2012.
Charges
A charge registered on 13 Feb 2003 via Charge ID 90198251 with Karnataka Bank Ltd was fully satisfied on 20 May 2009.
Charges
A charge with Syndicate Bank amounted to Rs. 9.95 Cr with Charge ID 10147826 was registered on 09 Feb 2009.
9 earlier events are in the company report.
Frequently asked questions
Solas Fire Safety Equipment is an active private limited company based in Bangalore, Karnataka, India. The company works in fire safety and firefighting equipment, within the machinery and equipment industry. It was incorporated on 18 July 2002 (24+ years old) and is registered under CIN U29299KA2002PTC030780.
Solas Fire Safety Equipment has 2 current directors:
- Nagraj Ramesh Shenoy - Managing Director
- Kavitha Shenoy - Whole-Time Director
The latest financial statements of Solas Fire Safety Equipment 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 Solas Fire Safety Equipment is 29AAGCS6993R1Z1, registered in Karnataka. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAGCS6993R1Z5 (Maharashtra), 33AAGCS6993R1ZC (Tamil Nadu), 36AAGCS6993R1Z6 (Telangana).
The CIN (Corporate Identification Number) of Solas Fire Safety Equipment is U29299KA2002PTC030780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solas Fire Safety Equipment has 52 court cases on record: 1 filed by the company and 51 filed against it. 1 is pending. Most are in the district courts.
Solas Fire Safety Equipment was incorporated on 18 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Bangalore.
Kavitha Shenoy was appointed as Whole-Time Director on 18 Jul 2002. Nagraj Ramesh Shenoy was appointed as Managing Director on 18 Jul 2002.
Yes, Solas Fire Safety Equipment is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0056039).
Solas Fire Safety Equipment can be reached through the website solasfire.net. Its registered office is in Bangalore, Karnataka, India.
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