MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0030450
Solunaris Private Limited - chemicals and materials in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹45.41 Cr
▲ 13% YoY
Net profit · FY 2024
₹8.94 Cr
Net margin 19.7%
EBITDA · FY 2024
₹13.58 Cr
EBITDA margin 29.9%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹10.95 Lakh
Issued & subscribed
Open charges
₹15 Cr
Satisfied ₹842.9 Cr
Company age
44 yrs
Est. 1982
Employees · EPFO
20
Provident fund records
About Solunaris Private Limited
Data last updated:
Solunaris Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the dyes and pigments segment of the chemicals and materials sector. It was incorporated on 30 March 1982 and has been in existence for over 44 years.
Its director Jayendra H Kharawala is #1,055 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24100GJ1982PTC005114. Its GSTIN is 24AABCJ0436B1ZC (Gujarat). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹10.95 Lakh. It was formerly known as Jhk Pharma Private Limited and Janmejay Trading and Investments Pvt Ltd. It is led by directors including Greeven Jayendrabhai Kharawala (Managing Director) and Jayendrabhai Hiralal Kharawala (Managing Director).
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 Jay House Panchvati Circleambawadi 6, Ahmedabad, Gujarat, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹45.41 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹8.94 Cr (net margin 19.7%) and EBITDA of ₹13.58 Cr (EBITDA margin 29.9%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 83% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹15 Cr and satisfied charges of ₹842.9 Cr on record. Court records list 7 cases involving the company, including 7 filed by the company; 3 cases are pending.
Solunaris Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0030450). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solunarisindia.com.
Company details
CIN U24100GJ1982PTC005114
Registration Number 005114
Incorporation Date 30 March 1982
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0030450
Name history
Solunaris has undergone 4 name changes throughout its history. The current legal name is Solunaris Private Limited.
| Company Name | Status |
|---|---|
| Solunaris Private Limited | Current |
| Jhk Pharma Private Limited | Previous |
| Janmejay Trading And Investments Pvt Ltd | Previous |
| Janmejay Trading And Investmentspvt Ltd | Previous |
| Jay Lifecare Private Limited | Previous |
CIN history
Solunaris has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U24100GJ1982PTC005114, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24100GJ1982PTC005114 | Current |
| U65910GJ1982PTC005114 | Previous |
| U33300GJ1982PTC005114 | Previous |
| U45100GJ1982PTC005114 | Previous |
Key People
Greeven Jayendrabhai Kharawala Managing Director Jayendrabhai Hiralal Kharawala Managing Director Ravi Kabra Babulal Director Recognitions & Rankings of Solunaris
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,055 Jayendra H Kharawala ₹2,500 Cr
Contact details
Solunaris Private Limited's registered office is in Ahmedabad, Gujarat. Its website is solunarisindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressJay House Panchvati Circleambawadi 6, Ahmedabad, Gujarat, India
- IndustryChemicals and Materials, Dyes & Pigments, Colorants
To see the full contact details of Solunaris Private Limited, buy the company report.
Comprehensive company report
Solunaris 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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Secure checkout · GST invoice included
Business activity
The main business activity of Solunaris is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Solunaris Private Limited, buy the company report.
Financials of Solunaris Private Limited
FY 2025 filings availableSolunaris Private Limited reported revenue of ₹45.41 Cr (up 13% YoY) for FY 2024.
Revenue · FY 2024
₹45.41 Cr ▲ 13%
Net profit · FY 2024
₹8.94 Cr margin 19.7%
EBITDA · FY 2024
₹13.58 Cr margin 29.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 16%
5 years · compounded
▲ 83%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 4%
5 years · compounded
▲ 34%
Revenue has grown at a compounded annual rate (CAGR) of 83% over five years, including 13% growth in the latest year. EBITDA fell 18% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹45.41 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹13.58 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.94 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 29.9% | ||||
| Net Profit Margin | 19.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Solunaris Private Limited, buy the company report.
Board of directors of Solunaris Private Limited
Solunaris has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Kabra Babulal | Director | 18 Jun 2020 | 6 Years 4 Months | Current |
| Greeven Jayendrabhai Kharawala Also directs: Kharawala Ventures LLP, Jay Chemical Industries Private Limited, Konkem Industries Private Limited and 4 more | Managing Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Jayendrabhai Hiralal Kharawala Also directs: Kharawala Ventures LLP, Jay Chemical Industries Private Limited, N P Patel Silicons and Chemicals Pvt Ltd and 3 more | Managing Director | 12 Jul 2016 | 10 Years 3 Months | Current |
Peer comparison
Solunaris Private Limited is compared with the 6 companies closest to it by revenue in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliable Dye-Chem Private Limited | ₹46.36 Cr (FY 2024) | 44.0% | Jetpur, Gujarat, India | |||
| Greensea Industries Private Limited | ₹45.52 Cr (FY 2024) | 2.0% | Morbi, Gujarat, India | |||
| Solunaris Private Limitedthis company | ₹45.41 Cr (FY 2024) | ₹8.94 Cr | 19.7% | 13.0% | 20 | Ahmedabad, Gujarat, India |
| Arlex Chemi Private Limited | ₹44.99 Cr (FY 2025) | 30.0% | Mumbai, Maharashtra, India | |||
| Choksi Colours Private Limited | ₹44.06 Cr (FY 2024) | -12.0% | Ahmedabad, Gujarat, India | |||
| Bhanu Dyes Private Limited | ₹42.43 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| United Chemie Private Limited | ₹42.32 Cr (FY 2024) | -30.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Solunaris Private Limited, buy the company report.
Auditor
Solunaris Private Limited is audited by Shah & Nagori for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah & Nagori | FY 2024 | 109448W |
Shareholding
The shareholding of Solunaris Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Solunaris Private Limited, buy the company report.
Charges & borrowings
Open charges
₹15 Cr
Satisfied charges
₹842.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 May 2024 | 100937707 | Others | ₹15 Cr | Open | |
| 18 Jan 2014 | 10474053 | Others | ₹382.31 Cr | Satisfied | |
| 14 Mar 2009 | 10153766 | Bank of Baroda | ₹343.01 Cr | Satisfied | |
| 17 Dec 2007 | 10081171 | Bank of Baroda | ₹79.2 Cr | Satisfied | |
| 01 Sep 2003 | 90096855 | Bank of Baroda | ₹11 Cr | Satisfied |
To see the full charge records of Solunaris Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Solunaris Private Limited has 7 court cases on record: 7 filed by Solunaris. 3 cases are pending and 4 are disposed.
Total cases
7
Filed by the company
7
Pending
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 3 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Faridabad, Haryana | Civil suit | Filed by the company against Zoya Textiles | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Nitin Thakur M/S Ntin Enterprise | Disposed |
To see the full case history of Solunaris Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Solunaris Private Limited has 7 MSME Form 1 returns on record between 2020 and 2024, listing 25 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Krishna Pipes & Fittings | |||
| Patel Timber Trading Company | |||
| Accutech Packaging Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Solunaris Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Solunaris Private Limited has a workforce of 20 employees on its EPFO records as of Jan 02, 2025, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-50%
GST
Solunaris has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCJ0436B1ZC | Gujarat | Active | 01 Jul 2017 |
| 24AABCJ0436B2ZB | Gujarat | Active | 29 Mar 2024 |
| 06AABCJ0436B1ZA | Haryana | Active | 28 May 2019 |
| 33AABCJ0436B1ZD | Tamil Nadu | Active | 29 May 2019 |
To see the full GST registrations and return filing status of Solunaris Private Limited, buy the company report.
Recent activity
Solunaris Private Limited has 5 board changes on record since 2016: 3 appointments and 2 cessations. The latest: Ravi Kabra Babulal was appointed as Director on 18 Jun 2020.
AGM
Solunaris Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 1,500.00 Lakh registered on 28 May 2024 with Charge ID 100937707 was modified on 07 May 2025.
Filing
Solunaris Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 1,500.00 Lakh with Charge ID 100937707 was registered on 28 May 2024.
Appointed
Ravi Kabra Babulal was appointed as Director.
Appointed
Greeven Jayendrabhai Kharawala was appointed as Managing Director.
Appointed
Jayendrabhai Hiralal Kharawala was appointed as Managing Director.
Ceased
Mokshada Greeven Kharawala ceased to be Director.
Ceased
Ushaben Jayendrabhai Kharawala ceased to be Director.
Charges
A charge registered on 18 Jan 2014 via Charge ID 10474053 with Others was fully satisfied on 13 Jun 2016.
Charges
A charge with Others of Rs. 38,231.00 Lakh registered on 18 Jan 2014 with Charge ID 10474053 was modified on 16 May 2016.
Charges
A charge registered on 14 Mar 2009 via Charge ID 10153766 with Bank Of Baroda was fully satisfied on 25 Feb 2014.
12 earlier events are in the company report.
Frequently asked questions
Solunaris is an active private limited company based in Ahmedabad, Gujarat, India. The company works in dyes and pigments, within the chemicals and materials industry. It was incorporated on 30 March 1982 (44+ years old) and is registered under CIN U24100GJ1982PTC005114.
Solunaris has 3 current directors:
- Greeven Jayendrabhai Kharawala - Managing Director
- Jayendrabhai Hiralal Kharawala - Managing Director
- Ravi Kabra Babulal - Director
The latest financial statements of Solunaris on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Solunaris is 24AABCJ0436B1ZC, registered in Gujarat. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 24AABCJ0436B2ZB (Gujarat), 06AABCJ0436B1ZA (Haryana), 33AABCJ0436B1ZD (Tamil Nadu).
The CIN (Corporate Identification Number) of Solunaris is U24100GJ1982PTC005114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solunaris has 7 court cases on record: 7 filed by the company. 3 are pending.
Solunaris was incorporated on 30 March 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Solunaris by revenue are Reliable Dye-Chem Private Limited, Greensea Industries Private Limited, Arlex Chemi Private Limited, Choksi Colours Private Limited, Bhanu Dyes Private Limited and 1 more, all in the Chemicals industry (Dyes and Pigments), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Ravi Kabra Babulal was appointed as Director on 18 Jun 2020. Greeven Jayendrabhai Kharawala was appointed as Managing Director on 30 Sep 2016. Jayendrabhai Hiralal Kharawala was appointed as Managing Director on 12 Jul 2016. Solunaris has 5 board changes on record in total.
Yes, Solunaris is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0030450).
Solunaris has 7 MSME Form 1 returns on record between 2020 and 2024, listing 25 overdue payments to 8 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Solunaris can be reached through the website solunarisindia.com. Its registered office is in Ahmedabad, Gujarat, India.