About Solmax Power Solutions Private Limited
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Solmax Power Solutions Private Limited is a private limited company based in Dehradun, Uttarakhand, India. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 18 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN U74999UR2016PTC001970. Its GSTIN is 05AAWCS9510L1ZO (Uttarakhand).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors including Rakesh Madhwal and Ravi Pant.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1st Floor Rr Tower Kargi Chowk, Dehradun, Uttarakhand, India – 248001.
As per the financials filed for FY 2025, the company reported a revenue of ₹51,560, a decline of 95% compared to the previous year. For the same year it recorded a net profit of ₹4,020 (net margin 7.8%) and EBITDA of ₹45,560 (EBITDA margin 88.4%). Revenue has declined at a compounded annual rate (CAGR) of 72% over three years and 63% over five years.
As per MCA filings, the company has open charges of ₹36 Lakh and satisfied charges of ₹30 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solmax.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address1st Floor Rr Tower Kargi Chowk, Dehradun, Uttarakhand, India – 248001
- IndustryEnvironment, Solar Energy Solutions
- 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 Solmax Power Solutions Private Limited
The main business activity of Solmax Power Solutions is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale 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 Solmax Power Solutions Private Limited FY 2025 filings available
Solmax Power Solutions Private Limited reported revenue of ₹51,560 (down 95% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solmax Power Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 63% over five years, including a 95% fall in the latest year. EBITDA rose 79% 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 Solmax Power Solutions 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 | ₹45,560 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4,020 | •••• | •••• | •••• | •••• |
| 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 Solmax Power Solutions Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 88.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| 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 Solmax Power Solutions are in the company report.
Financial statements from FY 2016
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 Solmax Power Solutions Private Limited
Solmax Power Solutions Private Limited is compared with the companies closest to it by revenue in the Cleantech industry (Solar Power). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Global Solar Energy (India) Limited | ₹53,000 (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Sri Bhanu Teja Solar Power Industry Private Limited | ₹52,199 (FY 2017) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Azure Power Sixty One Private Limited | ₹52,000 (FY 2025) | •••• | •••• | 21.0% | •••• | New Delhi, Delhi, India |
| Kandan Solar Power India Private Limited | ₹51,750 (FY 2024) | •••• | •••• | •••• | Coimbatore, Tamil Nadu, India | |
| Thar Solar Private Limited | ₹51,671 (FY 2025) | •••• | •••• | 3.0% | •••• | Jaipur, Rajasthan, India |
| Solmax Power Solutions Private Limited this company | ₹51,560 (FY 2025) | •••• | •••• | -95.0% | •••• | Dehradun, Uttarakhand, India |
| Infolink Solutions Private Limited | ₹51,000 (FY 2019) | •••• | •••• | -83.0% | •••• | Mumbai, Maharashtra, India |
| Capricia Green Technologies Private Limited | ₹50,990 (FY 2016) | •••• | •••• | 20.0% | •••• | New Delhi, Delhi, India |
| Vavin Renewable Private Limited | ₹49,810 (FY 2025) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
| Apn's Solar Power Panel Private Limited | ₹49,390 (FY 2025) | •••• | •••• | 6.0% | •••• | Sivakasi, Tamil Nadu, India |
| Solaron Homepay Private Limited | ₹49,175 (FY 2025) | •••• | •••• | -70.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Solmax Power Solutions by revenue in the Cleantech industry (Solar Power), 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 Solmax Power Solutions Private Limited
Solmax Power Solutions Private Limited is audited by NANAK NARANG & CO for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NANAK NARANG & CO | 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 Solmax Power Solutions Private Limited
Solmax Power Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Madhwal | Director | 01 Apr 2018 | 8 Years 6 Months | Current |
| Ravi Pant | Director | 18 Mar 2016 | 10 Years 6 Months | Current |
| Alok Bahuguna Also directs: Plan My Destination Private Limited | Director | 18 Mar 2016 | 10 Years 6 Months | Current |
Ownership and Shareholding of Solmax Power Solutions 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 Solmax Power Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jun 2018 | Canara Bank | ₹36 Lakh | Open |
| 14 May 2018 | Canara Bank | ₹30 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Solmax Power Solutions Private Limited
Employment history and EPFO contributions of people linked to Solmax Power Solutions.
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 Solmax Power Solutions Private Limited
Solmax Power Solutions Private Limited has 3 board changes on record since 2016: 3 appointments. The latest: Rakesh Madhwal was appointed as Director on 01 Apr 2018.
Credit Ratings, Litigation & Regulatory Alerts for Solmax Power Solutions 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 Solmax Power Solutions 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 Solmax Power Solutions 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 Solmax Power Solutions Private Limited
Solmax Power Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 05AAWCS9510L1ZO | Uttarakhand | Active | 01 Jul 2017 |
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 Solmax Power Solutions 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 Solmax Power Solutions Private Limited
Solmax Power Solutions is an active private limited company based in Dehradun, Uttarakhand, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 18 March 2016 (10+ years old) and is registered under CIN U74999UR2016PTC001970.
Solmax Power Solutions reported revenue of ₹51,560 for FY 2025 (down 95% YoY).
Solmax Power Solutions has 3 current directors:
- Rakesh Madhwal - Director
- Ravi Pant - Director
- Alok Bahuguna - Director
Solmax Power Solutions reported a net profit of ₹4,020 (net margin 7.8%) and EBITDA of ₹45,560 (EBITDA margin 88.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solmax Power Solutions is -72% over three years and -63% over five years. In the latest year (FY 2025) revenue fell 95%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Solmax Power Solutions is 05AAWCS9510L1ZO, registered in Uttarakhand.
The CIN (Corporate Identification Number) of Solmax Power Solutions is U74999UR2016PTC001970. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solmax Power Solutions was incorporated on 18 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Uttarakhand.
The peers of Solmax Power Solutions by revenue are Global Solar Energy (India) Limited, Sri Bhanu Teja Solar Power Industry Private Limited, Azure Power Sixty One Private Limited, Kandan Solar Power India Private Limited, Thar Solar Private Limited and 5 more, all in the Cleantech industry (Solar Power).
Rakesh Madhwal was appointed as Director on 01 Apr 2018. Alok Bahuguna was appointed as Director on 18 Mar 2016. Ravi Pant was appointed as Director on 18 Mar 2016.
Solmax Power Solutions can be reached through the website solmax.in. Its registered office is in Dehradun, Uttarakhand, India.