MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-14-0002244
Solco Biomedical Co. India Private Limited - musical instruments in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.91 Cr
▲ 47% YoY
Net profit · FY 2024
₹6.07 Cr
Net margin 24.4%
EBITDA · FY 2024
₹11.26 Cr
EBITDA margin 45.2%
Authorised capital
₹4.75 Cr
Registered with MCA
Paid-up capital
₹4.21 Cr
Issued & subscribed
Open charges
₹18.58 Cr
Satisfied ₹18.87 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
93
Provident fund records
About Solco Biomedical Co. India Private Limited
Data last updated:
Solco Biomedical Co. India Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the jewellery segment of the musical instruments sector. It was incorporated on 25 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U33110GJ2010PTC062113. Its GSTIN is 24AAPCS0053F1ZK (Gujarat).
The company has an authorised share capital of ₹4.75 Cr and a paid-up capital of ₹4.21 Cr. It is led by directors including Darshak Atulbhai Shah and Biral Darshak Shah.
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 5 – 6 3rd Floor B.Jadav Chembers Above Sales India Ashram Road, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.91 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹6.07 Cr (net margin 24.4%) and EBITDA of ₹11.26 Cr (EBITDA margin 45.2%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 34% over five years.
The company has about 93 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹18.58 Cr and satisfied charges of ₹18.87 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹4.21 Cr; the latest was in March 2023. Its 4 peer companies in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities) are compared by revenue, 3 larger and 1 smaller; the largest is Zeal Medical Private Limited with revenue of ₹25.42 Cr.
Solco Biomedical Co. India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-14-0002244). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solco.co.in.
Company details
CIN U33110GJ2010PTC062113
Registration Number 062113
Incorporation Date 25 August 2010
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-14-0002244
Key People
Darshak Atulbhai Shah Director Biral Darshak Shah Director Atulkumar Vadilal Shah Director Recognitions & Rankings of Solco Biomedical Co. India
Contact details
Solco Biomedical Co. India Private Limited's registered office is in Ahmedabad, Gujarat. Its website is solco.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address5 – 6 3rd Floor B.Jadav Chembers Above Sales India Ashram Road, Ahmedabad, Gujarat, India – 380009
- IndustryMusical Instruments, Jewellery, Manufacturing, Musical Instrument, Sports Goods
To see the full contact details of Solco Biomedical Co. India Private Limited, buy the company report.
Comprehensive company report
Solco Biomedical Co. 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 activity of Solco Biomedical Co. India is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Solco Biomedical Co. India Private Limited, buy the company report.
Financials of Solco Biomedical Co. India Private Limited
FY 2025 filings availableSolco Biomedical Co. India Private Limited reported revenue of ₹24.91 Cr (up 47% YoY) for FY 2024.
Revenue · FY 2024
₹24.91 Cr ▲ 47%
Net profit · FY 2024
₹6.07 Cr margin 24.4%
EBITDA · FY 2024
₹11.26 Cr margin 45.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 59%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▲ 115%
3 years · compounded
▲ 71%
5 years · compounded
▲ 42%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 47% growth in the latest year. EBITDA rose 115% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹11.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.07 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 45.2% | ||||
| Net Profit Margin | 24.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Solco Biomedical Co. India Private Limited, buy the company report.
Board of directors of Solco Biomedical Co. India Private Limited
Solco Biomedical Co. India has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Darshak Atulbhai Shah | Director | 25 Aug 2010 | 16 Years 2 Months | Current |
| Biral Darshak Shah | Director | 31 Mar 2022 | 4 Years 7 Months | Current |
| Atulkumar Vadilal Shah Also directs: Voxe Orthopaedics Private Limited | Director | 25 Aug 2010 | 16 Years 2 Months | Current |
Peer comparison
Solco Biomedical Co. India Private Limited is compared with the 4 companies closest to it by revenue in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zeal Medical Private Limited | ₹25.42 Cr (FY 2024) | 2.0% | Mumbai, Maharashtra, India | |||
| Advanced Lifesciences Private Limited | ₹25.27 Cr (FY 2024) | -2.0% | New Delhi, Delhi, India | |||
| G3 Medical Systems Private Limited | ₹25.03 Cr (FY 2025) | -3.0% | Chennai, Tamil Nadu, India | |||
| Solco Biomedical Co. India Private Limitedthis company | ₹24.91 Cr (FY 2024) | ₹6.07 Cr | 24.4% | 47.0% | Ahmedabad, Gujarat, India | |
| Orthotech India Private Limited | ₹24.41 Cr (FY 2024) | 9.0% | Valsad, Gujarat, India |
To see the full peer comparison of Solco Biomedical Co. India Private Limited, buy the company report.
Auditor
Solco Biomedical Co. India Private Limited is audited by ANIL N SHAH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIL N SHAH & CO | FY 2022 | 114131W |
Shareholding
The shareholding of Solco Biomedical Co. India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solco Biomedical Co. India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹18.58 Cr
Satisfied charges
₹18.87 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Mar 2023 | 100689574 | Sidbi | ₹1.22 Cr | Open | |
| 27 Jan 2022 | 100528781 | Sidbi | ₹1.28 Cr | Open | |
| 09 Sep 2021 | 100484977 | Others | ₹8.5 Lakh | Open | |
| 26 Mar 2021 | 100428159 | Sidbi | ₹88.33 Lakh | Open | |
| 12 Feb 2020 | 100335175 | Canara Bank | ₹15.11 Cr | Open |
To see the full charge records of Solco Biomedical Co. India Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Solco Biomedical Co. India Private Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹4.21 Cr; the latest was in March 2023.
Total deals
10
Secondary share transfers
6
Funding rounds
4
Disclosed funding
₹4.21 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2022 | Funding round | ₹12.1 Lakh | Investors: an individual |
| Feb 2020 | Funding round | ₹1.2 Cr | Investors: an individual |
| May 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Solco Biomedical Co. India 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
Solco Biomedical Co. India Private Limited has 2 court cases on record: 1 filed by Solco Biomedical Co. India, 1 filed against it. All cases are pending.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal miscellaneous application | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against an individual | Pending |
To see the full case history of Solco Biomedical Co. India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solco Biomedical Co. India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solco Biomedical Co. India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCS0053F1ZK | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solco Biomedical Co. India Private Limited, buy the company report.
Recent activity
Solco Biomedical Co. India Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Biral Darshak Shah was appointed as Director on 31 Mar 2022.
AGM
Solco Biomedical Co. India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solco Biomedical Co. India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 19 Jun 2020 via Charge ID 100342854 with Sidbi was fully satisfied on 22 Jan 2025.
Charges
A charge registered on 22 Nov 2019 via Charge ID 100302501 with Sidbi was fully satisfied on 22 Jan 2025.
Charges
A charge with Canara Bank of Rs. 15.11 Cr registered on 12 Feb 2020 with Charge ID 100335175 was modified on 01 Dec 2023.
Charges
A charge registered on 10 Apr 2019 via Charge ID 100272699 with Others was fully satisfied on 31 Mar 2023.
Charges
A charge with Sidbi amounted to Rs. 1.22 Cr with Charge ID 100689574 was registered on 23 Mar 2023.
Appointed
Biral Darshak Shah was appointed as Director.
Charges
A charge with Sidbi amounted to Rs. 1.28 Cr with Charge ID 100528781 was registered on 27 Jan 2022.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100484977 was registered on 09 Sep 2021.
Charges
A charge with Sidbi amounted to Rs. 0.88 Cr with Charge ID 100428159 was registered on 26 Mar 2021.
Charges
A charge with Sidbi amounted to Rs. 0.16 Cr with Charge ID 100342854 was registered on 19 Jun 2020.
16 earlier events are in the company report.
Frequently asked questions
Solco Biomedical Co. India is an active private limited company based in Ahmedabad, Gujarat, India. The company works in jewellery, within the musical instruments industry. It was incorporated on 25 August 2010 (16+ years old) and is registered under CIN U33110GJ2010PTC062113.
Solco Biomedical Co. India has 3 current directors:
- Darshak Atulbhai Shah - Director
- Biral Darshak Shah - Director
- Atulkumar Vadilal Shah - Director
The latest financial statements of Solco Biomedical Co. India 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 Solco Biomedical Co. India is 24AAPCS0053F1ZK, registered in Gujarat.
The CIN (Corporate Identification Number) of Solco Biomedical Co. India is U33110GJ2010PTC062113. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solco Biomedical Co. India has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Solco Biomedical Co. India was incorporated on 25 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Solco Biomedical Co. India has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹4.21 Cr; the latest was in March 2023.
The peers of Solco Biomedical Co. India by revenue are Zeal Medical Private Limited, Advanced Lifesciences Private Limited, G3 Medical Systems Private Limited, Orthotech India Private Limited, all in the Healthcare industry (Medical and Laboratory Equipment), with the same principal business activity (other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities).
Biral Darshak Shah was appointed as Director on 31 Mar 2022. Atulkumar Vadilal Shah was appointed as Director on 25 Aug 2010. Darshak Atulbhai Shah was appointed as Director on 25 Aug 2010.
Yes, Solco Biomedical Co. India is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-14-0002244).
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