MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-GA-01-0000282
Solray Solutions LLP
Solray Solutions LLP - energy and power in Mapusa, Goa, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹16.21 Cr
▲ 276% YoY
Net profit · FY 2024
₹56.57 Lakh
Net margin 3.5%
EBITDA · FY 2024
₹1.99 Cr
EBITDA margin 12.3%
Contribution obligation
₹20.41 Lakh
As per LLP agreement
Open charges
₹9.09 Cr
Secured borrowings
LLP age
10 yrs
Est. 2016
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered
About Solray Solutions LLP
Data last updated:
Solray Solutions LLP is a limited liability partnership (LLP) based in Mapusa, Goa, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 01 December 2016 and has been in existence for over 10 years.
The LLP is registered with the Registrar of Companies (ROC), Goa, under LLPIN AAH-9278. Its GSTIN is 30ADGFS0210D1Z1 (Goa).
The LLP has a total obligation of contribution of ₹20.41 Lakh. It is led by designated partners Aruna Subramaniam and Subramaniam Akshay.
Its latest statement of accounts is for the year ended 31 March 2024. The registered office is at Mapusa, Goa.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹16.21 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹56.57 Lakh (net margin 3.5%) and EBITDA of ₹1.99 Cr (EBITDA margin 12.3%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 83% over five years.
As per MCA filings, the LLP has open charges of ₹9.09 Cr on record.
Solray Solutions LLP is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-01-0000282).
Company details
LLPIN AAH-9278
Incorporation Date 01 December 2016
Total Obligation of Contribution ₹20.41 Lakh
ROC Goa
Company Status Active
MSME Classification Small
Udyam Registration UDYAM-GA-01-0000282
Recognitions & Rankings of Solray Solutions
Contact details
Solray Solutions LLP's registered office is in Mapusa, Goa. Its e-mail address is in the company report.
- Email
- Registered Address274/A Satyam Bunglow Near District Hospital, Pedem, Mapusa, Goa, India – 403507
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Solray Solutions LLP, buy the company report.
Comprehensive company report
Solray Solutions LLP - 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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Financials of Solray Solutions LLP
FY 2024 filings availableSolray Solutions LLP reported revenue of ₹16.21 Cr (up 276% YoY) for FY 2024.
Revenue · FY 2024
₹16.21 Cr ▲ 276%
Net profit · FY 2024
₹56.57 Lakh margin 3.5%
EBITDA · FY 2024
₹1.99 Cr margin 12.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 276%
3 years · compounded
▲ 49%
5 years · compounded
▲ 83%
EBITDA CAGR growth
1 year
▲ 860%
3 years · compounded
▲ 83%
5 years · compounded
▲ 158%
Revenue has grown at a compounded annual rate (CAGR) of 83% over five years, including 276% growth in the latest year. EBITDA rose 860% 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
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | |||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹56.57 Lakh | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 3.5% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of Solray Solutions LLP, buy the company report.
Designated partners of Solray Solutions LLP
Solray Solutions has 2 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aruna Subramaniam Also directs: Sanghar-Solray LLP, Vanflow Energy Solutions Private Limited | Designated Partner | 01 Dec 2016 | 9 Years 11 Months | Current |
| Subramaniam Akshay Also directs: Sanghar-Solray LLP | Designated Partner | 01 Oct 2024 | 2 Years 1 Months | Current |
Peer comparison
Solray Solutions LLP is compared with the 10 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Durga Transformers Private Limited | ₹16.32 Cr (FY 2025) | -2.0% | Coimbatore, Tamil Nadu, India | |||
| System Control & Automation Pvt Ltd | ₹16.29 Cr (FY 2024) | 39.0% | Kolkata, West Bengal, India | |||
| Tamura Elcomponics Technologies Private Limited | ₹16.26 Cr (FY 2025) | -19.0% | Noida, Uttar Pradesh, India | |||
| Prei Polar Engineering Private Limited | ₹16.23 Cr (FY 2024) | -22.0% | Sriperumbudur, Tamil Nadu, India | |||
| Eram Magnaflux Systems Private Limited | ₹16.22 Cr (FY 2024) | 10.0% | Pune, Maharashtra, India | |||
| Solray Solutions LLPthis company | ₹16.21 Cr (FY 2024) | ₹56.57 Lakh | 3.5% | 276.0% | Mapusa, Goa, India | |
| Prabhat Powertech Private Limited | ₹16.19 Cr (FY 2025) | 66.0% | Mumbai, Maharashtra, India | |||
| Dewon Electric Private Limited | ₹16.18 Cr (FY 2025) | 134.0% | Dadri, Uttar Pradesh, India | |||
| Olikara Lighting Towers Private Limited | ₹16.16 Cr (FY 2024) | -16.0% | Pune, Maharashtra, India | |||
| Prachi International Private Limited | ₹16.14 Cr (FY 2015) | 5.0% | Delhi, India | |||
| Luno Renewable Limited | ₹16.14 Cr (FY 2024) | 17.0% | Haridwar, Uttarakhand, India |
To see the full peer comparison of Solray Solutions LLP, buy the company report.
Charges & borrowings
Open charges
₹9.09 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2024 | 100930191 | Sidbi | ₹2 Cr | Open | |
| 13 Apr 2022 | 100632424 | Hdfc Bank Limited | ₹10.23 Lakh | Open | |
| 03 Feb 2021 | 100446958 | Hdfc Bank Limited | ₹10.59 Lakh | Open | |
| 04 Dec 2020 | 100412960 | Hdfc Bank Limited | ₹6.88 Cr | Open |
To see the full charge records of Solray Solutions LLP, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Solray Solutions LLP are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Solray Solutions LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solray Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30ADGFS0210D1Z1 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solray Solutions LLP, buy the company report.
Recent activity
Solray Solutions LLP has 3 designated partner changes on record since 2016: 2 appointments and 1 cessation. The latest: Gaurapriya Atul Pai Kane ceased to be Designated Partner on 01 Oct 2024.
AGM
Solray Solutions Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Ceased
Gaurapriya Atul Pai Kane ceased to be Designated Partner.
Appointed
Subramaniam Akshay was appointed as Designated Partner.
Charges
A charge with Sidbi amounted to Rs. 200.00 Lakh with Charge ID 100930191 was registered on 28 May 2024.
Filing
Solray Solutions Llp has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Goa.
Charges
A charge with Hdfc Bank Limited of Rs. 688.00 Lakh registered on 04 Dec 2020 with Charge ID 100412960 was modified on 11 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.23 Lakh with Charge ID 100632424 was registered on 13 Apr 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 10.59 Lakh with Charge ID 100446958 was registered on 03 Feb 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 688.00 Lakh with Charge ID 100412960 was registered on 04 Dec 2020.
Appointed
Aruna Subramaniam was appointed as Designated Partner.
Incorporation
01 Dec 2016
Solray Solutions Llp was registered on 01 Dec 2016 with Roc Goa & aged 9 years 11 months as per MCA records.
Frequently asked questions
Solray Solutions is an active limited liability partnership based in Mapusa, Goa, India. The LLP works in power equipment manufacturers, within the energy and power industry. It was incorporated on 01 December 2016 (10+ years old) and is registered under LLPIN AAH-9278.
Solray Solutions has 2 current designated partners:
- Aruna Subramaniam - Designated Partner
- Subramaniam Akshay - Designated Partner
The latest financial statements of Solray Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Solray Solutions is 30ADGFS0210D1Z1, registered in Goa.
The LLPIN (Limited Liability Partnership Identification Number) of Solray Solutions is AAH-9278. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Solray Solutions was incorporated on 01 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Solray Solutions by revenue are Durga Transformers Private Limited, System Control & Automation Pvt Ltd, Tamura Elcomponics Technologies Private Limited, Prei Polar Engineering Private Limited, Eram Magnaflux Systems Private Limited and 5 more, all in the Power industry (Power Equipment Manufacturers).
Gaurapriya Atul Pai Kane ceased to be Designated Partner on 01 Oct 2024. Subramaniam Akshay was appointed as Designated Partner on 01 Oct 2024. Aruna Subramaniam was appointed as Designated Partner on 01 Dec 2016.
Yes, Solray Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-GA-01-0000282).
The registered office of Solray Solutions is at 274A Satyam Bunglow Near District Hospital, Pedem, Mapusa, Goa, India – 403507.
Solray Solutions operates in the energy and power industry, in the power equipment manufacturers segment.
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