About Solavio Labs Private Limited
Data last updated:
Solavio Labs Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the non-metallic mineral products segment of the plastics and polymers sector. It was incorporated on 10 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U40106TZ2016PTC040231. Its GSTIN is 07AAKCM3768Q1ZK (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹7.64 Lakh. It was formerly known as Mulbagal Solar Private Limited. It is led by directors including Monika Divyang Kumar Dave and Goel Prashant.
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 8A Captain Palaniswamy Layout R.S. Puram, Coimbatore Tamil Nadu, Tamil Nadu, India – 641002.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.21 Cr, a growth of 33% compared to the previous year. For the same year it recorded EBITDA of ₹4.38 Lakh (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 133% over three years.
The company is associated with 1 brand: Solavio labs. The company has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹2.13 Cr; the latest was in February 2021. Its 10 peer companies in the Power industry (EPC, BoP and BTG) are compared by revenue, 5 larger and 5 smaller; the largest is Venkateswara Wind Energy Private Limited with revenue of ₹2.24 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solavio.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address8A Captain Palaniswamy Layout R.S. Puram, Coimbatore Tamil Nadu, Tamil Nadu, India – 641002
- IndustryPlastics, Non-Metallic Mineral Products, Fabricated Metal Products, Rubber Products, Plastic Products
- 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
- One PDF report, delivered after checkout
Financials of Solavio Labs Private Limited FY 2025 filings available
Solavio Labs Private Limited reported revenue of ₹2.21 Cr (up 33% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Solavio Labs Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 133% over three years, including 33% growth in the latest year. EBITDA rose 45% 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 of Solavio Labs Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | •••• | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Solavio Labs Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Solavio Labs are in the company report.
Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Solavio Labs Private Limited
Solavio Labs Private Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Venkateswara Wind Energy Private Limited | ₹2.24 Cr (FY 2025) | •••• | •••• | 1975.0% | •••• | Pollachi, Tamil Nadu, India |
| G.Kumar Power Private Limited | ₹2.23 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Ridhiyana Energy Private Limited | ₹2.23 Cr (FY 2025) | •••• | •••• | 54.0% | •••• | Gurugram, Haryana, India |
| Voltech Engineers Global (India) Private Limited | ₹2.22 Cr (FY 2019) | •••• | •••• | 42.0% | •••• | New Delhi, Delhi, India |
| Solareos Renewable India Private Limited | ₹2.22 Cr (FY 2023) | •••• | •••• | 74.0% | •••• | Mumbai, Maharashtra, India |
| Solavio Labs Private Limited this company | ₹2.21 Cr (FY 2023) | •••• | •••• | 33.0% | •••• | Coimbatore, Tamil Nadu, India |
| Western Electricals Private Limited | ₹2.21 Cr (FY 2025) | •••• | •••• | -37.0% | •••• | Mumbai, Maharashtra, India |
| Three Star Engineers Private Limited | ₹2.2 Cr (FY 2019) | •••• | •••• | 19.0% | •••• | Navi Mumbai, Maharashtra, India |
| Komplett Electrical Solutions Private Limited | ₹2.2 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Faridabad, Haryana, India |
| Swastik Genpower Private Limited | ₹2.2 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Pune, Maharashtra, India |
| Jangleshwar Electricals Private Limited | ₹2.19 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Solavio Labs by revenue in the Power industry (EPC, BoP and BTG), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Solavio Labs Private Limited
Solavio Labs Private Limited is audited by H M P S & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H M P S & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Solavio Labs Private Limited
Solavio Labs has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Monika Divyang Kumar Dave Also directs: Revolv Energy LLP | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Goel Prashant | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
| Suraj Mohan | Director | 31 Dec 2020 | 5 Years 9 Months | Current |
Ownership and Shareholding of Solavio Labs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Solavio Labs Private Limited
Solavio Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Solavio Labs Private Limited
Solavio Labs Private Limited has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹2.13 Cr; the latest was in February 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Funding round | ₹40.6 Lakh | Investors: Energia Ventures |
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Jun 2019 | Funding round | ₹5.7 Lakh | Investors: an individual |
| Oct 2018 | Funding round | ₹1 Lakh | Investors: an individual |
| Apr 2018 | Funding round | ₹9.7 Lakh | Investors: Instill Technologies Private Limited , an individual |
Full deal history
All 8 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Solavio Labs Private Limited
Solavio Labs operates one associated brand: Solavio labs. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of solar cleaning bots | solavio.com |
Employees and EPFO Compliance at Solavio Labs Private Limited
Employment history and EPFO contributions of people linked to Solavio Labs.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Solavio Labs Private Limited
Solavio Labs has one previous CIN (Corporate Identification Number): U40106DL2016PTC299379. The current CIN is U40106TZ2016PTC040231, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U40106TZ2016PTC040231 | Current |
| U40106DL2016PTC299379 | Previous |
Recent Activity on Solavio Labs Private Limited
Solavio Labs Private Limited has 3 board changes on record since 2020: 3 appointments. The latest: Goel Prashant was appointed as Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Solavio Labs Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Solavio Labs Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solavio Labs Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Solavio Labs Private Limited
Solavio Labs has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAKCM3768Q1ZK | Delhi | Active | 11 Jul 2018 |
| 33AAKCM3768Q1ZP | Tamil Nadu | Active | 11 Jan 2020 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Solavio Labs Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Solavio Labs Private Limited
Solavio Labs is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in non-metallic mineral products, within the plastics industry. It was incorporated on 10 May 2016 (10+ years old) and is registered under CIN U40106TZ2016PTC040231.
Solavio Labs reported revenue of ₹2.21 Cr for FY 2023 (up 33% YoY).
Solavio Labs has 3 current directors:
- Monika Divyang Kumar Dave - Director
- Goel Prashant - Director
- Suraj Mohan - Director
Solavio Labs reported EBITDA of ₹4.38 Lakh (EBITDA margin 2%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solavio Labs is 133% over three years. In the latest year (FY 2023) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solavio Labs is 07AAKCM3768Q1ZK, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAKCM3768Q1ZP (Tamil Nadu).
The CIN (Corporate Identification Number) of Solavio Labs is U40106TZ2016PTC040231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solavio Labs was incorporated on 10 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Coimbatore.
Solavio Labs has 8 deals on record (5 funding rounds, 2 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹2.13 Cr; the latest was in February 2021.
The peers of Solavio Labs by revenue are Venkateswara Wind Energy Private Limited, G.Kumar Power Private Limited, Ridhiyana Energy Private Limited, Voltech Engineers Global (India) Private Limited, Solareos Renewable India Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG).
Goel Prashant was appointed as Director on 31 Dec 2020. Monika Divyang Kumar Dave was appointed as Director on 31 Dec 2020. Suraj Mohan was appointed as Director on 31 Dec 2020.