Solsys Engineering (India) Private Limited
About Solsys Engineering (India) Private Limited
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Solsys Engineering (India) Private Limited is a private limited company based in Sahnewal, Punjab, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 19 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U29100PB2010PTC034102. Its GSTIN is 03AAOCS5325B1ZO (Punjab).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Gaurav Goel and Saurabh Goel.
Its last annual general meeting (AGM) was held on 02 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Village Kanech Adjoining Sportking Near Sahnewal G.T.Road Ludhiana – 141120, Punjab, India – 141120.
As per the financials filed for FY 2020, the company reported a revenue of ₹2.37 Lakh, a decline of 78% compared to the previous year. For the same year it recorded a net profit of ₹82,890 (net margin 34.9%) and EBITDA of -₹1.03 Lakh (EBITDA margin -43.6%). Revenue has declined at a compounded annual rate (CAGR) of 79% over three years.
As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹2 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Solsys Engineering (India) Private Limited's registered office is in Sahnewal, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressVillage Kanech Adjoining Sportking Near Sahnewal G.T.Road Ludhiana – 141120, Punjab, India – 141120
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Solsys Engineering (India) Private Limited, buy the company report.
- 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
Business activity
The main business activity of Solsys Engineering (India) is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment |
Financials of Solsys Engineering (India) Private Limited
FY 2025 filings availableSolsys Engineering (India) Private Limited reported revenue of ₹2.37 Lakh (down 78% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 79% over three years, including a 78% fall 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
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.37 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹82,890 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -43.6% | ||||
| Net Profit Margin | 34.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Solsys Engineering (India) Private Limited, buy the company report.
Board of directors of Solsys Engineering (India) Private Limited
Solsys Engineering (India) has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Goel | Director | 19 Jul 2010 | 16 Years 3 Months | Current |
| Saurabh Goel | Director | 19 Jul 2010 | 16 Years 3 Months | Current |
| Sushil Goel | Director | 01 Dec 2010 | 15 Years 10 Months | Current |
Auditor
Solsys Engineering (India) Private Limited is audited by GOYAL PARUL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GOYAL PARUL & CO | FY 2020 | 016750N |
Shareholding
The shareholding of Solsys Engineering (India) Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Solsys Engineering (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2012 | 10381069 | Bank of India | ₹50 Lakh | Satisfied | |
| 18 Sep 2012 | 10381079 | Bank of India | ₹1.5 Cr | Satisfied |
To see the full charge records of Solsys Engineering (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Solsys Engineering (India) Private Limited 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 Solsys Engineering (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solsys Engineering (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAOCS5325B1ZO | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Solsys Engineering (India) Private Limited, buy the company report.
Recent activity
Solsys Engineering (India) Private Limited has 3 board changes on record since 2010: 3 appointments. The latest: Sushil Goel was appointed as Director on 01 Dec 2010.
Frequently asked questions
Solsys Engineering (India) is an active private limited company based in Sahnewal, Punjab, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 19 July 2010 (16+ years old) and is registered under CIN U29100PB2010PTC034102.
Solsys Engineering (India) has 3 current directors:
- Gaurav Goel - Director
- Saurabh Goel - Director
- Sushil Goel - Director
The latest financial statements of Solsys Engineering (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Solsys Engineering (India) is 03AAOCS5325B1ZO, registered in Punjab.
The CIN (Corporate Identification Number) of Solsys Engineering (India) is U29100PB2010PTC034102. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solsys Engineering (India) was incorporated on 19 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
Sushil Goel was appointed as Director on 01 Dec 2010. Gaurav Goel was appointed as Director on 19 Jul 2010. Saurabh Goel was appointed as Director on 19 Jul 2010.
The registered office of Solsys Engineering (India) is at Village Kanech Adjoining Sportking Near Sahnewal G.T.Road Ludhiana – 141120, Punjab, India – 141120.
Solsys Engineering (India) operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Solsys Engineering (India) has open charges of ₹2 Cr and satisfied charges of ₹2 Cr as per latest MCA filings.