Solitaire Retail Private Limited
About Solitaire Retail Private Limited
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Solitaire Retail Private Limited is a private limited company based in Kalyan, Maharashtra, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 06 October 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U52609MH2022PTC391647. Its GSTIN is 27ABJCS5236M1ZS (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Shubh Mahesh Gala and Navin Tikamdas Makhija.
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 Shop No 102 Vaishnavi Chambers Opp Surya Kiran Hotel Agra Road, Kalyan, Maharashtra, India – 421301.
As per the financials filed for FY 2025, the company reported a revenue of ₹53.33 Cr, a growth of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.98 Cr (net margin 3.7%) and EBITDA of ₹4.16 Cr (EBITDA margin 7.8%).
As per MCA filings, the company has open charges of ₹17 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressShop No 102 Vaishnavi Chambers Opp Surya Kiran Hotel Agra Road, Kalyan, Maharashtra, India – 421301
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
- 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 Solitaire Retail Private Limited
The main business activity of Solitaire Retail is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Solitaire Retail Private Limited FY 2025 filings available
Solitaire Retail Private Limited reported revenue of ₹53.33 Cr (up 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solitaire Retail Private Limited
Revenue rose 46% in the latest year. EBITDA rose 620% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Solitaire Retail Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | ₹4.16 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.98 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 Solitaire Retail Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.8% | •••• | •••• |
| Net Profit Margin | 3.7% | •••• | •••• |
| 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 Solitaire Retail are in the company report.
Financial statements from FY 2023
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 Solitaire Retail Private Limited
Solitaire Retail Private Limited is compared with the companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Akriti Gupta Jewellers Private Limited | ₹54.11 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Kolkata, West Bengal, India |
| Su-Dev Group Private Limited | ₹54.03 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Ahmedabad, Gujarat, India |
| Cheni International Private Limited | ₹53.82 Cr (FY 2022) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| Dhawan Jewellers Private Limited | ₹53.7 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Delhi, India |
| Accufox Enterprises Private Limited | ₹53.69 Cr (FY 2025) | •••• | •••• | 97.0% | •••• | New Delhi, Delhi, India |
| Solitaire Retail Private Limited this company | ₹53.33 Cr (FY 2025) | •••• | •••• | 46.0% | •••• | Kalyan, Maharashtra, India |
| Prem Kripa Udyog Private Limited | ₹53.25 Cr (FY 2024) | •••• | •••• | 35.0% | •••• | Jaipur, Rajasthan, India |
| Ram Kumar Jewellers Private Limited | ₹53.18 Cr (FY 2025) | •••• | •••• | 185.0% | •••• | Uttar Pradesh, India |
| Gehna Precious Metals Limited | ₹52.85 Cr (FY 2017) | •••• | •••• | -82.0% | •••• | New Delhi, Delhi, India |
| Akshaykrish Jewellers Private Limited | ₹52.81 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Coimbatore, Tamil Nadu, India |
| Omshilpi Jewels and Gems Private Limited | ₹52.79 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Solitaire Retail by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), 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 Solitaire Retail Private Limited
Solitaire Retail Private Limited is audited by M.MGalaandassociates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.MGalaandassociates | 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 Solitaire Retail Private Limited
Solitaire Retail has 7 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shubh Mahesh Gala Also directs: Shaurya Trends Private Limited, Kagath Infra LLP, SM Life Space Private Limited and 1 more | Director | 06 Oct 2022 | 4 Years 0 Months | Current |
| Navin Tikamdas Makhija | Director | 06 Oct 2022 | 4 Years 0 Months | Current |
| Megh Amit Karia Also directs: Assetra Hospitality LLP | Director | 06 Oct 2022 | 4 Years 0 Months | Current |
| Kapil Menghraj Makhija | Director | 06 Oct 2022 | 4 Years 0 Months | Current |
| Het Hitesh Fariya | Director | 06 Oct 2022 | 4 Years 0 Months | Current |
| Pushpa Mahesh Gala | Director | 06 Oct 2022 | 4 Years 0 Months | Current |
Ownership and Shareholding of Solitaire Retail 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 Solitaire Retail Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Feb 2023 | Tata Capital Financial Services Limited | ₹17 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Solitaire Retail Private Limited
Solitaire Retail Private Limited has a workforce of 0 employees as of Apr 09, 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 Solitaire Retail Private Limited
Solitaire Retail Private Limited has 7 board changes on record since 2022: 7 appointments. The latest: Het Hitesh Fariya was appointed as Director on 06 Oct 2022.
Credit Ratings, Litigation & Regulatory Alerts for Solitaire Retail 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.
MSME Payment Delays by Solitaire Retail Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Solitaire Retail 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 Solitaire Retail Private Limited
Solitaire Retail has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABJCS5236M1ZS | Maharashtra | Active | 30 Jan 2023 |
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 Solitaire Retail 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 Solitaire Retail Private Limited
Solitaire Retail is an active private limited company based in Kalyan, Maharashtra, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 06 October 2022 (4+ years old) and is registered under CIN U52609MH2022PTC391647.
Solitaire Retail reported revenue of ₹53.33 Cr for FY 2025 (up 46% YoY).
Solitaire Retail has 7 current directors:
- Shubh Mahesh Gala - Director
- Navin Tikamdas Makhija - Director
- Megh Amit Karia - Director
- Kapil Menghraj Makhija - Director
- Het Hitesh Fariya - Director
- Pushpa Mahesh Gala - Director
- Sandhya Amit Karia - Director
Solitaire Retail reported a net profit of ₹1.98 Cr (net margin 3.7%) and EBITDA of ₹4.16 Cr (EBITDA margin 7.8%) for FY 2025, as per its filed financial statements.
The GSTIN of Solitaire Retail is 27ABJCS5236M1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Solitaire Retail is U52609MH2022PTC391647. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solitaire Retail was incorporated on 06 October 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Solitaire Retail by revenue are Akriti Gupta Jewellers Private Limited, Su-Dev Group Private Limited, Cheni International Private Limited, Dhawan Jewellers Private Limited, Accufox Enterprises Private Limited and 5 more, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution).
Het Hitesh Fariya was appointed as Director on 06 Oct 2022. Kapil Menghraj Makhija was appointed as Director on 06 Oct 2022. Megh Amit Karia was appointed as Director on 06 Oct 2022. Solitaire Retail has 7 board changes on record in total.
The registered office of Solitaire Retail is at Shop No 102 Vaishnavi Chambers Opp Surya Kiran Hotel Agra Road, Kalyan, Maharashtra, India – 421301.
Solitaire Retail has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.