MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-02-0198628
Solidaire India Limited
Solidaire India Limited - consumer electronics & durables in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹212.58 Cr
▲ 17% YoY
Net profit · FY 2025
₹1.11 Cr
Net margin 0.5%
EBITDA · FY 2025
₹1.68 Cr
EBITDA margin 0.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹12.08 Cr
Issued & subscribed
Satisfied charges
₹4.47 Cr
No open charges
Company age
53 yrs
Est. 1973
Directors on board
3
As per MCA filings
About Solidaire India Limited
Data last updated:
Solidaire India Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Balaji Machine Works Private Limited. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 27 June 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U31900TN1973PLC006379. Its GSTIN is 33AAACS5019G1ZQ (Tamil Nadu).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹12.08 Cr. It is led by directors Ananda Kala Krishnadas (Whole-Time Director) and Arumugam Arunachalam Nadar.
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 New No.63/1 4th Main Road Gandhi Nagar Adyar, Chennai, Tamil Nadu, India – 600020.
As per the financials filed for FY 2025, the company reported a revenue of ₹212.58 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 0.5%) and EBITDA of ₹1.68 Cr (EBITDA margin 0.8%).
As per MCA filings, the company has satisfied charges of ₹4.47 Cr on record. Court records list 74 cases involving the company, including 48 filed by the company and 26 filed against it; 2 cases are pending.
Solidaire India Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-02-0198628). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U31900TN1973PLC006379
Registration Number 006379
Incorporation Date 27 June 1973
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Balaji Machine Works Private Limited
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-02-0198628
CIN history
Solidaire India has one previous CIN (Corporate Identification Number): L31900TN1973PLC006379. The current CIN is U31900TN1973PLC006379, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31900TN1973PLC006379 | Current |
| L31900TN1973PLC006379 | Previous |
Key People
Ananda Kala Krishnadas Whole-Time Director Leo Cfo Arumugam Arunachalam Nadar Additional Director Recognitions & Rankings of Solidaire India
Contact details
Solidaire India Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNew No.63/1 4th Main Road Gandhi Nagar Adyar, Chennai, Tamil Nadu, India – 600020
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Solidaire India Limited, buy the company report.
Comprehensive company report
Solidaire India 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 Solidaire India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Solidaire India Limited, buy the company report.
Financials of Solidaire India Limited
FY 2025 filings availableSolidaire India Limited reported revenue of ₹212.58 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹212.58 Cr ▲ 17%
Net profit · FY 2025
₹1.11 Cr margin 0.5%
EBITDA · FY 2025
₹1.68 Cr margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
EBITDA CAGR growth
1 year
▼ 68%
Revenue rose 17% in the latest year. EBITDA fell 68% in the latest 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 | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.11 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.8% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Solidaire India Limited, buy the company report.
Board of directors and KMP of Solidaire India Limited
Solidaire India Limited currently reports 2 directors and 1 key managerial person. 7 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ananda Kala Krishnadas Also directs: Sun Paper Mill Limited | Whole-Time Director | 20 Mar 2020 | 6 Years 7 Months | Current |
| Leo | Cfo | 20 Oct 2022 | 4 Years 0 Months | Current |
| Arumugam Arunachalam Nadar Also directs: JLR Farms Private Limited, Balaji Machine Works Private Limited | Additional Director | 20 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Solidaire India Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maya Appliances Private Limited | ₹216.95 Cr (FY 2025) | 16.0% | Kanchipuram, Tamil Nadu, India | |||
| KGN Lights Private Limited | ₹213.39 Cr (FY 2024) | 167.0% | Mumbai, Maharashtra, India | |||
| Solidaire India Limitedthis company | ₹212.58 Cr (FY 2025) | ₹1.11 Cr | 0.5% | 17.0% | Chennai, Tamil Nadu, India | |
| Saft India Private Limited | ₹211.36 Cr (FY 2024) | 25.0% | Bangalore, Karnataka, India | |||
| Ledure Lightings Limited | ₹208.52 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Groupe Seb India Private Limited | ₹207.33 Cr (FY 2024) | -4.0% | Delhi, India |
To see the full peer comparison of Solidaire India Limited, buy the company report.
Auditor
Solidaire India Limited is audited by KVSS & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KVSS & Co. | FY 2022 | 136784W |
Shareholding
The shareholding of Solidaire India Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solidaire India Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹4.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Oct 1989 | 80066409 | Indian Bank | ₹2.97 Cr | Satisfied | |
| 18 Apr 1989 | 80064360 | International Asset Reconstruction Company Private Limited | ₹24 Lakh | Satisfied | |
| 10 Apr 1989 | 80064361 | International Asset Reconstruction Company Private Limited | ₹1.26 Cr | Satisfied |
To see the full charge records of Solidaire India Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Solidaire India Limited has 74 court cases on record: 48 filed by Solidaire India, 26 filed against it. 2 cases are pending and 72 are disposed.
Total cases
74
Filed by the company
48
Filed against the company
26
Pending
2
Disposed
72
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 64 | 21 | 2 |
| Supreme Court | 5 | 2 | 0 |
| District courts | 4 | 2 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 74)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SPMA) | Filed against the company by Fairgrowth Financial Services Ltd. | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by M/S Jayorcee Electronics Pvt Ltd | Disposed |
| Bombay High Court | Court case (SPMP) | Filed against the company by Fairgrowth Financial Services Ltd. | Disposed |
| High Court, TAMIL NADU | Company petition | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Company petition | Filed against the company by M/S.Vigneswara Industries, | Pending |
To see the full case history of Solidaire India 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 Solidaire India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solidaire India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACS5019G1ZQ | Tamil Nadu | Active | 28 Sep 2021 |
To see the full GST registrations and return filing status of Solidaire India Limited, buy the company report.
Recent activity
Solidaire India Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Leo was appointed as CFO on 20 Oct 2022.
AGM
Solidaire India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solidaire India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 10 Oct 1989 via Charge ID 80066409 with Indian Bank was fully satisfied on 05 Aug 2023.
Charges
A charge registered on 18 Apr 1989 via Charge ID 80064360 with International Asset Reconstruction Company Private Limited was fully satisfied on 03 Aug 2023.
Charges
A charge registered on 10 Apr 1989 via Charge ID 80064361 with International Asset Reconstruction Company Private Limited was fully satisfied on 03 Aug 2023.
Appointed
Leo was appointed as CFO.
Ceased
Abludu Srinivasa Rao Ramanaprasad ceased to be Director.
Appointed
Ananda Kala Krishnadas was appointed as Whole-Time Director.
Appointed
Arumugam Arunachalam Nadar was appointed as Additional Director.
Ceased
Badri Narayanan Raman ceased to be Additional Director.
Ceased
Rajkumar ceased to be Additional Director.
Ceased
Abludu Narayana Rao Srinivasa Rao ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
Solidaire India is an active public limited company based in Chennai, Tamil Nadu, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 27 June 1973 (53+ years old) and is registered under CIN U31900TN1973PLC006379.
Solidaire India has 3 current directors and KMP:
- Ananda Kala Krishnadas - Whole-Time Director
- Arumugam Arunachalam Nadar - Additional Director
- Leo - Cfo
The latest financial statements of Solidaire 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 Solidaire India is 33AAACS5019G1ZQ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Solidaire India is U31900TN1973PLC006379. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solidaire India has 74 court cases on record: 48 filed by the company and 26 filed against it. 2 are pending. Most are in the high courts.
Solidaire India was incorporated on 27 June 1973, making it 53+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Solidaire India by revenue are Maya Appliances Private Limited, KGN Lights Private Limited, Saft India Private Limited, Ledure Lightings Limited, Groupe Seb India Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Leo was appointed as CFO on 20 Oct 2022. Abludu Srinivasa Rao Ramanaprasad ceased to be Director on 20 Mar 2020. Ananda Kala Krishnadas was appointed as Whole-Time Director on 20 Mar 2020. Solidaire India has 8 board changes on record in total.
Yes, Solidaire India is registered as an MSME under Udyam registration (number: UDYAM-TN-02-0198628).
The registered office of Solidaire India is at New No.631 4th Main Road Gandhi Nagar Adyar, Chennai, Tamil Nadu, India – 600020.
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