Solis Health Private Limited

Solis Health Private Limited - healthcare in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U85310KA2019PTC122392 Incorporated 14 March 2019 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company healthcare MSME · Small
Data last updated
Revenue · FY 2025
₹5.94 Cr
▲ 130% YoY
Net loss · FY 2025
₹13.94 Cr
Net margin -234.6%
EBITDA · FY 2025
-₹11.29 Cr
EBITDA margin -190.1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Employees · EPFO
21
Provident fund records
Directors on board
3
As per MCA filings

About Solis Health Private Limited

Data last updated:

Solis Health Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the oncology clinics and cancer treatment segment of the healthcare sector. It was incorporated on 14 March 2019 and has been in existence for over 7 years.

Its director SD Shibulal and family are #278 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85310KA2019PTC122392. Its GSTIN is 29ABBCS7443L1ZT (Karnataka).

The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Sowparnika Healthcare Enterprises Private Limited. It is led by directors including Sarojini Shibulal Damodaran and Shreyas Shibulal.

Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 58 15th Cross 2nd Phase Jp Nagar, Bangalore, Karnataka, India – 560078.

As per the financials filed for FY 2025, the company reported a revenue of ₹5.94 Cr, a growth of 130% compared to the previous year. For the same year it recorded a net loss of ₹13.94 Cr (net margin -234.6%) and EBITDA of -₹11.29 Cr (EBITDA margin -190.1%).

The company has about 21 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Solis Health and Innovations. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending.

Solis Health Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0175107). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iinnovations.com.

Company details

CIN U85310KA2019PTC122392
Registration Number 122392
Incorporation Date 14 March 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 04 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0175107
Key People
Sarojini Shibulal Damodaran Director Shreyas Shibulal Director Bhairavi Shibulal Madhusudhan Director

Recognitions & Rankings of Solis Health

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0175107
India's Richest People 2026 edition · 1 director · Source: Hurun India

Contact details

Solis Health Private Limited's registered office is in Bangalore, Karnataka. Its website is iinnovations.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    iinnovations.com
  • Registered Address
    58 15th Cross 2nd Phase Jp Nagar, Bangalore, Karnataka, India – 560078
  • Industry
    Healthcare, Oncology Clinics & Cancer Treatment

To see the full contact details of Solis Health Private Limited, buy the company report.

Comprehensive company report
Solis Health 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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Brands

Solis Health operates two associated brands: Solis Health and Innovations. Each brand links to its own profile.

BrandDescriptionWebsite
Solis Health
Solis Health is an online portal delivering health and wellness information.solis.health
Innovations
Multiple investments are managed by this single-family office.iinnovations.com

Business activity

The main business activity of Solis Health is hospital and medical care. In detail, this covers other hospital and medical care activities.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
QHospital and Medical CareQ6Other Hospital and Medical Care Activities

To see the full business activity and turnover split of Solis Health Private Limited, buy the company report.

Financials of Solis Health Private Limited

FY 2025 filings available

Solis Health Private Limited reported revenue of ₹5.94 Cr (up 130% YoY) for FY 2025.

Revenue · FY 2025
₹5.94 Cr ▲ 130%
Net loss · FY 2025
₹13.94 Cr margin -234.6%
EBITDA · FY 2025
-₹11.29 Cr margin -190.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 130%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▼ 63%
5 years · compounded
▼ 22%

Revenue rose 130% in the latest year. EBITDA fell 13% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹11.29 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹13.94 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin-190.1%
Net Profit Margin-234.6%
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 Solis Health Private Limited, buy the company report.

Board of directors of Solis Health Private Limited

Solis Health has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Sarojini Shibulal Damodaran
Also directs: Nimida Digital LLP, Sowparnika Integrated Farms Private Limited, Banyan Tree Farms Private Limited and 5 more
Director14 Mar 20197 Years 7 MonthsCurrent
Shreyas Shibulal
Also directs: Tamara Leisure Experiences Private Limited, Numeros Motors Private Limited, Numeros Motors Sales Private Limited and 5 more
Director10 May 20242 Years 6 MonthsCurrent
Bhairavi Shibulal Madhusudhan
Also directs: Moholoholo Farms Private Limited, Sowparnika Education Solutions Private Limited, Trilokesh Smart Spaces Private Limited and 1 more
Director14 Mar 20197 Years 7 MonthsCurrent
View all directors

Auditor

Solis Health Private Limited is audited by Rajendra Rao & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Rajendra Rao & AssociatesFY 20230003460S

Shareholding

The shareholding of Solis Health Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Solis Health Private Limited, buy the company report.

MSME payment delays

Solis Health Private Limited has 6 MSME Form 1 returns on record between 2020 and 2024, listing 16 overdue payments to 9 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 9)

SupplierAmount dueDue sinceReported on
Altruist Technologies Private Limited
Integrated Brandcom Private Limited
Izaap Technologies Private Limited
an individual supplier
Meta16labs Healthcare and Analytics Private Limited

To see the full MSME payment records of Solis Health Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Solis Health Private Limited has a workforce of 21 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.

Employee count
21
Active EPFO establishments
1
Employee growth
23.53%

GST

Solis Health has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29ABBCS7443L1ZTKarnatakaActive01 Jun 2022

To see the full GST registrations and return filing status of Solis Health Private Limited, buy the company report.

Recent activity

Solis Health Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Shreyas Shibulal ceased to be Additional Director on 25 Jun 2024.

AGM
Solis Health Private Limited last Annual general meeting of members was held on 04 Sep 2025 as per latest MCA records.
Filing
Solis Health Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Shreyas Shibulal ceased to be Additional Director.
Appointed
Shreyas Shibulal was appointed as Director.
Appointed
Bhairavi Shibulal Madhusudhan was appointed as Director.
Appointed
Sarojini Shibulal Damodaran was appointed as Director.
Incorporation
14 Mar 2019
Solis Health Private Limited was registered on 14 Mar 2019 with Roc Bangalore & aged 7 years 7 months as per MCA records.

News

Frequently asked questions

Solis Health is an active private limited company based in Bangalore, Karnataka, India. The company works in oncology clinics and cancer treatment, within the healthcare industry. It was incorporated on 14 March 2019 (7+ years old) and is registered under CIN U85310KA2019PTC122392.

Solis Health has 3 current directors:

The latest financial statements of Solis Health on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from FY 2019 are in the company report.

The GSTIN of Solis Health is 29ABBCS7443L1ZT, registered in Karnataka.

The CIN (Corporate Identification Number) of Solis Health is U85310KA2019PTC122392. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Solis Health has 2 court cases on record: 2 filed by the company. 1 is pending.

Solis Health was incorporated on 14 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.

Shreyas Shibulal ceased to be Additional Director on 25 Jun 2024. Shreyas Shibulal was appointed as Director on 10 May 2024. Bhairavi Shibulal Madhusudhan was appointed as Director on 14 Mar 2019. Solis Health has 4 board changes on record in total.

Yes, Solis Health is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0175107).

Solis Health has 6 MSME Form 1 returns on record between 2020 and 2024, listing 16 overdue payments to 9 micro and small suppliers. The latest return was filed on 01 May 2024.

Solis Health can be reached through the website iinnovations.com. Its registered office is in Bangalore, Karnataka, India.