MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0103394
Solas Marine India Private Limited - professional services in Salcete, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹205.15 Cr
▲ 2% YoY
Net profit · FY 2026
₹38.9 Cr
Net margin 19%
EBITDA · FY 2026
₹57.84 Cr
EBITDA margin 28.2%
Authorised capital
₹6.75 Cr
Registered with MCA
Paid-up capital
₹6.73 Cr
Issued & subscribed
Open charges
₹120 Cr
Satisfied ₹100.82 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
180
Provident fund records
About Solas Marine India Private Limited
Data last updated:
Solas Marine India Private Limited is a private limited company based in Salcete, Goa, India. It operates in the scientific services segment of the professional services sector. It was incorporated on 14 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U35111GA2005PTC016713. Its GSTIN is 30AAJCS4726K1ZA (Goa). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹6.75 Cr and a paid-up capital of ₹6.73 Cr. It is led by directors including Prashant Kamath (Managing Director) and Pandurang Subraya Kamath.
Its last annual general meeting (AGM) was held on 31 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Salcete, Goa.
As per the financials filed for FY 2026, the company reported a revenue of ₹205.15 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹38.9 Cr (net margin 19%) and EBITDA of ₹57.84 Cr (EBITDA margin 28.2%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 34% over five years.
The company has about 180 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹120 Cr and satisfied charges of ₹100.82 Cr on record.
Solas Marine India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0103394). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solasmarine.com.
Company details
CIN U35111GA2005PTC016713
Registration Number 016713
Incorporation Date 14 December 2005
ROC Goa
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 July 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0103394
CIN history
Solas Marine India has one previous CIN (Corporate Identification Number): U35111MH2005PTC158044. The current CIN is U35111GA2005PTC016713, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35111GA2005PTC016713 | Current |
| U35111MH2005PTC158044 | Previous |
Key People
Prashant Kamath Managing Director Pandurang Subraya Kamath Director Praveen Katpadikar Shenoy Director Recognitions & Rankings of Solas Marine India
Contact details
Solas Marine India Private Limited's registered office is in Salcete, Goa. Its website is solasmarine.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No C – 7 And C – 9 Phase I – A Survey No 166, Verna Industrial Estate Of GIDC, Salcete, Goa, India – 403722
- IndustryProfessional Services, Scientific, Technical, Personal
To see the full contact details of Solas Marine India Private Limited, buy the company report.
Comprehensive company report
Solas Marine India 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 Solas Marine India are trade and professional, scientific and technical. In detail, this covers retail trading and other professional, scientific and technical activities. 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 | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Solas Marine India Private Limited, buy the company report.
Financials of Solas Marine India Private Limited
FY 2026 filings availableSolas Marine India Private Limited reported revenue of ₹205.15 Cr (up 2% YoY) for FY 2026.
Revenue · FY 2026
₹205.15 Cr ▲ 2%
Net profit · FY 2026
₹38.9 Cr margin 19%
EBITDA · FY 2026
₹57.84 Cr margin 28.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 25%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 17%
5 years · compounded
▲ 31%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 2% growth in the latest year. EBITDA fell 3% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹57.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹38.9 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.2% | ||||
| Net Profit Margin | 19% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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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 Solas Marine India Private Limited, buy the company report.
Board of directors of Solas Marine India Private Limited
Solas Marine India has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prashant Kamath | Managing Director | 14 Dec 2005 | 20 Years 10 Months | Current |
| Pandurang Subraya Kamath | Director | 14 Dec 2005 | 20 Years 10 Months | Current |
| Praveen Katpadikar Shenoy Also directs: Marine Holdings Private Limited | Director | 26 Feb 2016 | 10 Years 8 Months | Current |
Auditor
Solas Marine India Private Limited is audited by S.P. DEDHIA AND ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.P. DEDHIA AND ASSOCIATES | FY 2025 | 115410W |
Shareholding
The shareholding of Solas Marine India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solas Marine India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹120 Cr
Satisfied charges
₹100.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jul 2026 | 101347562 | Others | ₹120 Cr | Open | |
| 11 May 2021 | 100445784 | Others | ₹11.56 Lakh | Satisfied | |
| 20 Mar 2021 | 100444553 | Others | ₹2 Cr | Satisfied | |
| 20 Mar 2021 | 100444768 | Others | ₹3.5 Cr | Satisfied | |
| 18 Nov 2020 | 100395493 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Solas Marine India Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving Solas Marine India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Solas Marine India Private Limited was last rated by Indiarating on 17 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 17 Nov 2021 |
To see the full credit ratings and regulatory alerts of Solas Marine India Private Limited, buy the company report.
MSME payment delays
Solas Marine India Private Limited has 5 MSME Form 1 returns on record between 2019 and 2022, listing 53 overdue payments to 14 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 (5 of 14)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Betal Engineering Private Limited | |||
| SHM Shipcare Offshore Division | |||
| Universal Calibration Services Private Limited |
To see the full MSME payment records of Solas Marine India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solas Marine India Private Limited has a workforce of 180 employees on its EPFO records as of Sep 25, 2025, across 1 active EPFO establishment.
Employee count
180
Active EPFO establishments
1
Employee growth
9.76%
GST
Solas Marine India has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
10
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAJCS4726K1ZA | Goa | Active | 02 Sep 2020 |
| 27AAJCS4726K1ZX | Maharashtra | Active | 01 Jul 2017 |
| 07AAJCS4726K1ZZ | Delhi | Active | 27 Apr 2019 |
| 35AAJCS4726K1Z0 | Andaman and Nicobar Islands | Active | 06 Dec 2021 |
To see the full GST registrations and return filing status of Solas Marine India Private Limited, buy the company report.
Recent activity
Solas Marine India Private Limited has 7 board changes on record since 2005: 3 appointments and 4 cessations. The latest: Jayawant Subraya Kmath ceased to be Director on 17 Sep 2018.
Charges
A charge registered on 28 Jan 2020 via Charge ID 100330173 with Others was fully satisfied on 10 Sep 2026.
AGM
Solas Marine India Private Limited last Annual general meeting of members was held on 31 Jul 2026 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 120.00 Cr with Charge ID 101347562 was registered on 21 Jul 2026.
Filing
Solas Marine India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Goa.
Charges
A charge with Others of Rs. 75.00 Cr registered on 28 Jan 2020 with Charge ID 100330173 was modified on 29 Jul 2025.
Charges
A charge registered on 11 May 2021 via Charge ID 100445784 with Others was fully satisfied on 09 Oct 2023.
Charges
A charge registered on 20 Mar 2021 via Charge ID 100444553 with Others was fully satisfied on 19 Apr 2023.
Charges
A charge registered on 20 Mar 2021 via Charge ID 100444768 with Others was fully satisfied on 19 Apr 2023.
Charges
A charge registered on 18 Nov 2020 via Charge ID 100395493 with Others was fully satisfied on 15 Dec 2021.
Charges
A charge registered on 15 Jan 2018 via Charge ID 100148106 with Others was fully satisfied on 15 Dec 2021.
Charges
A charge registered on 27 Nov 2018 via Charge ID 100220495 with Hdfc Bank Limited was fully satisfied on 11 Nov 2021.
Charges
A charge registered on 03 Dec 2015 via Charge ID 10607793 with Hdfc Bank Limited was fully satisfied on 11 Nov 2021.
17 earlier events are in the company report.
Frequently asked questions
Solas Marine India is an active private limited company based in Salcete, Goa, India. The company works in scientific, within the professional services industry. It was incorporated on 14 December 2005 (21+ years old) and is registered under CIN U35111GA2005PTC016713.
Solas Marine India has 3 current directors:
- Prashant Kamath - Managing Director
- Pandurang Subraya Kamath - Director
- Praveen Katpadikar Shenoy - Director
The latest financial statements of Solas Marine India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Solas Marine India is 30AAJCS4726K1ZA, registered in Goa. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 27AAJCS4726K1ZX (Maharashtra), 07AAJCS4726K1ZZ (Delhi), 35AAJCS4726K1Z0 (Andaman and Nicobar Islands).
The CIN (Corporate Identification Number) of Solas Marine India is U35111GA2005PTC016713. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solas Marine India was incorporated on 14 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Goa.
Jayawant Subraya Kmath ceased to be Director on 17 Sep 2018. Pandurang Subraya Kamath ceased to be Managing Director on 31 Mar 2016. Praveen Katpadikar Shenoy was appointed as Director on 26 Feb 2016. Solas Marine India has 7 board changes on record in total.
Yes, Solas Marine India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0103394).
Solas Marine India has 5 MSME Form 1 returns on record between 2019 and 2022, listing 53 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 Apr 2022.
Solas Marine India can be reached through the website solasmarine.com. Its registered office is in Salcete, Goa, India.
The registered office of Solas Marine India is at Plot No C – 7 And C – 9 Phase I – A Survey No 166, Verna Industrial Estate Of GIDC, Salcete, Goa, India – 403722.
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