Solex Energy Limited - Company Profile

Q: Who are the current directors of Solex Energy Limited?

The current directors of Solex Energy Limited are Rajeshbhai Tulsibhai Patel, Kalpeshkumar Ramanbhai Patel, Sanjay Bhagvandas Punjabi, Kamlesh Pravin Yagnik, Kiran Ritesh Shah, Piyush Kailashchandra Chandak, Amitkumar Dalpatram Trivedi, Vipul Mulchand Shah, Chetan Sureshchandra Shah, Anil Rathi, Azmin Mehrzin Chiniwala, Jayesh Jayantilal Gajjar, Sanjay Srivastava, Hemal Chandrakant Kachiwala.

It is a consumer electronics & durables public limited company based in Surat City, Gujarat, India, established in 2014.

2014 Surat City, Gujarat, India Active

Last Updated: December 30, 2025

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About Solex Energy Limited

Solex Energy Limited, a active public limited company, was established on 13 October 2014 in Surat City, Gujarat, India. Engaging in electronics manufacturing within the manufacturing sector, it holds CIN: L40106GJ2014PLC081036. Registered under ROC Roc Ahmedabad. it is listed on NSE: SOLEX. It has an authorized capital of ₹11.00 Cr and a paid-up capital of ₹10.80 Cr.

Formerly known as Solex Energy Private Limited. It upholds a compliant status. In 2023, it reported revenue of ₹164.39 Cr and a net worth of ₹37.63 Cr. Employing 38 professional, Its leadership includes Rajeshbhai Tulsibhai Patel (Director), Kalpeshkumar Ramanbhai Patel (Whole-Time Director), Sanjay Bhagvandas Punjabi (Director). Past directors included Kamlesh Narendrabhai Patel, Kalpeshkumar Ramanbhai Patel, Arpitaben Upendrabhai Shelat. It holds ₹622.76 Cr open charges and ₹162.26 Cr settled loans. Its latest AGM occurred on 29 September 2025, with the balance sheet filed on 31 March 2025. It is based at 8Th Floor, 801-812, Rio Empire, Opp. R.T.O Pal, Surat City, Gujarat, 395009.

Company Details

CIN/LLPIN
L40106GJ2014PLC081036
Registration Number
081036
Incorporation Date
13 October 2014
Authorized Capital
₹11.00 Cr
Paid-Up Capital
₹10.80 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (NSE: SOLEX)
Company Status
Active

Key Metrics

Authorised Capital ₹ 11.00 Cr as on 30-12-2025
Paid Up Capital ₹ 10.80 Cr as on 30-12-2025
Company Age 11 Year, 4 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 622.76 Cr as on 30-12-2025
Satisfied Charges ₹ 162.26 Cr as on 30-12-2025
Revenue Growth **** 126.11% (FY 2023)
Profit Growth **** 174.39% (FY 2023)
Ebitda **** 510.06% (FY 2023)
Net Worth 7.39% (FY 2023)
Total Assets **** 88.62% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Solex Energy Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Solex Energy Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rajeshbhai Tulsibhai Patel	Director	24 Oct 2017	Current
Kalpeshkumar Ramanbhai Patel	Whole-Time Director	13 Oct 2014	Current
Sanjay Bhagvandas Punjabi	Director	07 Apr 2025	Current
Kamlesh Pravin Yagnik	Director	03 Mar 2021	Current
Kiran Ritesh Shah	Director	03 Mar 2021	Current
Piyush Kailashchandra Chandak	Whole-Time Director	08 Jun 2021	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	11 Feb 2021	Past
Pramod Abcsdd	Managing Director	02 Sep 2021	Past
Pramod Abcsdd	Additional Director	31 Mar 2017	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Director	11 Jan 2025	Past
Pramod Abcsdd	Company Secretary	24 Nov 2023	Past

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Financial Performance of Solex Energy.

Solex Energy Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 126.11% increase. The company also saw a substantial improvement in profitability, with a 174.39% increase in profit. The company's net worth moved up by a moderate rise of 7.39%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

126.11%

*******

Revenue from Operations

*******

123.58%

*******

Total Assets

*******

88.62%

*******

Profit or Loss

*******

174.39%

*******

Net Worth

*******

7.39%

*******

EBITDA

*******

510.06%

*******

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What is the Ownership and Shareholding Structure of Solex Energy?

In 2023, Solex Energy had a promoter holding of 70.65% and a public holding of 29.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹6,227,587,000.00

Satisfied Charges

₹1,622,588,000.00

Charges Breakdown by Lending Institutions

Sbicap Trustee Company Limited : 610.44 Cr
Others : 6.13 Cr
Tata Capital Financial Services Limited : 5.00 Cr
The South Indian Bank Limited : 1.14 Cr
Hdfc Bank Limited : 0.05 Cr

Latest Charge Details

Date	Lender	Amount	Status
28 Jul 2025	Others	₹2.80 M	Open
14 Jul 2025	Others	₹1.08 M	Open
11 Jun 2025	Others	₹3.10 M	Open
11 Jun 2025	Others	₹1.07 M	Open
24 Dec 2024	The South Indian Bank Limited	₹1.00 M	Open

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How Many Employees Work at Solex Energy?

Solex Energy has a workforce of 38 employees as of Oct 21, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Solex Energy, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Solex Energy's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Solex Energy

Recent Activity within the Organization

Charges

Progress on A charge with Sbicap Trustee Company Limited of Rs. 610.44 Cr registered on 02 Jun 2022 with Charge ID 100586559 was modified on 15 Oct 2025. was documented.
15 Oct 2025
Annual General Meeting

The activity Solex Energy Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records. was completed.
29 Sep 2025
Director Appointment

The activity Hemal Chandrakant Kachiwala was appointed as a Cfo was appointed as a Cfo on 19 Aug 2025 & has been associated with this company since 5 months 25 days . was completed.
19 Aug 2025
Charges

Progress on A charge with Others amounted to Rs. 0.28 Cr with Charge ID 101136404 was registered on 28 Jul 2025. was documented.
28 Jul 2025
Charges

Progress on A charge with Others amounted to Rs. 0.11 Cr with Charge ID 101129421 was registered on 14 Jul 2025. was documented.
14 Jul 2025
Charges

The activity A charge with Others amounted to Rs. 0.31 Cr with Charge ID 101109739 was registered on 11 Jun 2025. was completed.
11 Jun 2025

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