About Solidus Hi-Tech Product Private Limited
Data last updated:
Solidus Hi-Tech Product Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial tools and components segment of the machinery and industrial equipment sector. It was incorporated on 19 August 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U31200PN2004PTC019656. Its GSTIN is 27AAICS3670B1ZG (Maharashtra). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹1.75 Cr. It was formerly known as Solidus Hi-Tech Products Private Limited. It is led by directors including Ashok Manohar Musale and Vaibhav Musale Ashok.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at T 116 M I D C Bhosariindustrial Area, Pune, Maharashtra, India – 411026.
As per the financials filed for FY 2025, the company reported a revenue of ₹750.4 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net profit of ₹60.3 Cr (net margin 8%) and EBITDA of ₹106.18 Cr (EBITDA margin 14.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 29% over five years.
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Solidus Hi-Tech Products. As per MCA filings, the company has open charges of ₹108.84 Cr and satisfied charges of ₹72.96 Cr on record. Court records list 6 cases involving the company, including 5 filed by the company and 1 filed against it. The company has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.8 Cr; the latest was in March 2024. Its 10 peer companies in the Machinery and Equipment industry (Tools and Components) are compared by revenue, 5 larger and 5 smaller; the largest is Indutch Composites Technology Private Limited with revenue of ₹802.48 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 789 overdue payments to 52 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solidushitech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressT 116 M I D C Bhosariindustrial Area, Pune, Maharashtra, India – 411026
- IndustryMachinery and Equipment, Industrial Tools & Components
- 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
Business Activity of Solidus Hi-Tech Product Private Limited
The main business activity of Solidus Hi-Tech Product is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Solidus Hi-Tech Product Private Limited FY 2024 filings available
Solidus Hi-Tech Product Private Limited reported revenue of ₹750.4 Cr (up 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solidus Hi-Tech Product Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 45% growth in the latest year. EBITDA rose 34% 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 Solidus Hi-Tech Product Private Limited
| 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 | ₹106.18 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60.3 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 of Solidus Hi-Tech Product Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 8% | •••• | •••• | •••• | •••• |
| 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 Solidus Hi-Tech Product are in the company report.
Financial statements from 2015
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 Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Tools and Components). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indutch Composites Technology Private Limited | ₹802.48 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Vadodara, Gujarat, India |
| Araymond India Private Limited | ₹790.21 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Pune, Maharashtra, India |
| BTL Epc Limited | ₹786.04 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Kolkata, West Bengal, India |
| Dipty Lal Judge Mal Pvt Ltd | ₹783.45 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Noida, Uttar Pradesh, India |
| Eagleburgmann India Private Limited | ₹764.13 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Pune, Maharashtra, India |
| Solidus Hi-Tech Product Private Limited this company | ₹750.4 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Pune, Maharashtra, India |
| Veer-O-Metals Private Limited | ₹745.76 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| R.N.Gupta and Company Limited | ₹745.67 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Doraha, Punjab, India |
| Arcelormittal Neel Tailored Blanks Private Limited | ₹723.15 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Sriperumpudur, Tamil Nadu, India |
| Right Tight Fastners Private Limited | ₹720.29 Cr (FY 2024) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Premium Transmission Limited | ₹709.8 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Solidus Hi-Tech Product by revenue in the Machinery and Equipment industry (Tools and Components), 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 Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited is audited by Chandorkar & Limaye for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Chandorkar & Limaye | 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 Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product 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 |
|---|---|---|---|---|
| Ashok Manohar Musale | Director | 19 Aug 2004 | 22 Years 1 Months | Current |
| Vaibhav Musale Ashok | Director | 07 Dec 2018 | 7 Years 10 Months | Current |
| Bhushan Ashok Musale Also directs: Enpack Plastics LLP, Solidus Finefab Private Limited, Vaibhav Screen Plast Pvt Ltd and 2 more | Director | 10 Apr 2006 | 20 Years 5 Months | Current |
Ownership and Shareholding of Solidus Hi-Tech Product 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 Solidus Hi-Tech Product Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Jun 2025 | Others | ₹1.35 Cr | Open |
| 09 Oct 2024 | Others | ₹11 Lakh | Open |
| 09 Oct 2024 | Others | ₹74.8 Lakh | Open |
| 05 Oct 2024 | Axis Bank Limited | ₹29.41 Lakh | Open |
| 05 Oct 2023 | Axis Bank Limited | ₹37.17 Cr | Open |
Total charge records: 18 View all charges
Deals & Funding of Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.8 Cr; the latest was in March 2024.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Vaibhav Screen Plast Pvt Ltd , an individual |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Enpack Plastics Pvt Ltd |
| Mar 2013 | Funding round | ₹4.5 Cr | Investors: Vaibhav Screen Plast Pvt Ltd |
| Mar 2012 | Funding round | ₹3.19 Cr | Investors: Enpack Plastics Pvt Ltd , an individual |
| Mar 2009 | Funding round | ₹25 Lakh | Investors: Enpack Plastics Pvt Ltd |
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.
Legal Cases of Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited has 6 court cases on record: 5 filed by Solidus Hi-Tech Product, 1 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 3 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Ace Coating India Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Jewels Metals Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Jewels Metals Pvt Ltd | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against State of Karnataka | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
Full case history
All 6 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 789 overdue payments to 52 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 52)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bharat Iron Syndicate | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Om Plastics | •••• | •••• | •••• |
| Chintamani Engineering | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product operates one associated brand: Solidus Hi-Tech Products. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies high-quality automotive sheet metal components. | solidushitech.com |
Employees and EPFO Compliance at Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited has a workforce of 99 employees as of Apr 06, 2024.
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.
Recent Activity on Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product Private Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Vaibhav Musale Ashok ceased to be Additional Director on 30 Sep 2019.
29 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solidus Hi-Tech Product 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.
Subsidiaries & Group Companies of Solidus Hi-Tech Product 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 Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS3670B1ZG | Maharashtra | Active | 01 Jul 2017 |
| 29AAICS3670B1ZC | Karnataka | Active | 01 Jul 2017 |
| 27AAICS3670B2ZF | Maharashtra | Active | 26 Mar 2025 |
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 Solidus Hi-Tech Product 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 Solidus Hi-Tech Product Private Limited
Solidus Hi-Tech Product is an active private limited company based in Pune, Maharashtra, India. The company works in industrial tools and components, within the machinery and equipment industry. It was incorporated on 19 August 2004 (22+ years old) and is registered under CIN U31200PN2004PTC019656.
Solidus Hi-Tech Product reported revenue of ₹750.4 Cr for FY 2025 (up 45% YoY).
Solidus Hi-Tech Product has 3 current directors:
- Ashok Manohar Musale - Director
- Vaibhav Musale Ashok - Director
- Bhushan Ashok Musale - Director
Solidus Hi-Tech Product reported a net profit of ₹60.3 Cr (net margin 8%) and EBITDA of ₹106.18 Cr (EBITDA margin 14.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solidus Hi-Tech Product is 32% over three years and 29% over five years. In the latest year (FY 2025) revenue rose 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solidus Hi-Tech Product is 27AAICS3670B1ZG, registered in Maharashtra. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAICS3670B1ZC (Karnataka), 27AAICS3670B2ZF (Maharashtra).
The CIN (Corporate Identification Number) of Solidus Hi-Tech Product is U31200PN2004PTC019656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solidus Hi-Tech Product has 6 court cases on record: 5 filed by the company and 1 filed against it. Most are in the high courts.
Solidus Hi-Tech Product was incorporated on 19 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
Solidus Hi-Tech Product has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹9.8 Cr; the latest was in March 2024.
The peers of Solidus Hi-Tech Product by revenue are Indutch Composites Technology Private Limited, Araymond India Private Limited, BTL Epc Limited, Dipty Lal Judge Mal Pvt Ltd, Eagleburgmann India Private Limited and 5 more, all in the Machinery and Equipment industry (Tools and Components).
Vaibhav Musale Ashok ceased to be Additional Director on 30 Sep 2019. Vaibhav Musale Ashok was appointed as Director on 07 Dec 2018. Bhushan Ashok Musale was appointed as Director on 10 Apr 2006. Solidus Hi-Tech Product has 4 board changes on record in total.