MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0011052
Solvo Elevators Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.6 Cr
▲ 95% YoY
Net profit · FY 2024
₹2.41 Lakh
Net margin 1.5%
EBITDA · FY 2024
₹3.56 Lakh
EBITDA margin 2.2%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Solvo Elevators Private Limited
Data last updated:
Solvo Elevators Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 31 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29308GJ2019PTC108440. Its GSTIN is 24ABCCS1505Q1Z9 (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ruchirkumar Janakkumar Oza and Janakkumar Balkrishnabhai Oza.
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 A – 203 Satyamev – 1 Opp. Gujarat High Court S.G Highway, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.6 Cr, a growth of 95% compared to the previous year. For the same year it recorded a net profit of ₹2.41 Lakh (net margin 1.5%) and EBITDA of ₹3.56 Lakh (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years.
The company is associated with 1 brand: Solvo Elevators. As per MCA filings, the company has open charges of ₹25 Lakh on record.
Solvo Elevators Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0011052). For more details, the company can be reached via its website solvoelevators.in.
Company details
CIN U29308GJ2019PTC108440
Registration Number 108440
Incorporation Date 31 May 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0011052
Recognitions & Rankings of Solvo Elevators
Contact details
Solvo Elevators Private Limited's registered office is in Ahmedabad, Gujarat. Its website is solvoelevators.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered AddressA – 203 Satyamev – 1 Opp. Gujarat High Court S.G Highway, Ahmedabad, Gujarat, India – 380060
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Solvo Elevators Private Limited, buy the company report.
Comprehensive company report
Solvo Elevators 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Solvo Elevators operates one associated brand: Solvo Elevators. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Elevator manufacturing, installation, and maintenance services in India. | solvoelevators.in |
Business activity
The main business activity of Solvo Elevators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Solvo Elevators Private Limited, buy the company report.
Financials of Solvo Elevators Private Limited
FY 2025 filings availableSolvo Elevators Private Limited reported revenue of ₹1.6 Cr (up 95% YoY) for FY 2024.
Revenue · FY 2024
₹1.6 Cr ▲ 95%
Net profit · FY 2024
₹2.41 Lakh margin 1.5%
EBITDA · FY 2024
₹3.56 Lakh margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 95%
3 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 18% over three years, including 95% growth in the latest year. EBITDA rose 44% 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 |
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| EBITDA | ₹3.56 Lakh | ||||
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| Net Profit (PAT) | ₹2.41 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Solvo Elevators Private Limited, buy the company report.
Board of directors of Solvo Elevators Private Limited
Solvo Elevators has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ruchirkumar Janakkumar Oza Also directs: Solvo Energy Private Limited, Solvo Industries Private Limited | Director | 31 May 2019 | 7 Years 4 Months | Current |
| Janakkumar Balkrishnabhai Oza Also directs: Solvo Industries Private Limited | Director | 31 May 2019 | 7 Years 4 Months | Current |
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Dec 2024 | 101024509 | Idbi Bank Limited | ₹25 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Solvo Elevators 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 Solvo Elevators Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solvo Elevators has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABCCS1505Q1Z9 | Gujarat | Active | 04 Jun 2019 |
To see the full GST registrations and return filing status of Solvo Elevators Private Limited, buy the company report.
Recent activity
Solvo Elevators Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Janakkumar Balkrishnabhai Oza was appointed as Director on 31 May 2019.
AGM
Solvo Elevators Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Solvo Elevators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Idbi Bank Limited amounted to Rs. 25.00 Lakh with Charge ID 101024509 was registered on 17 Dec 2024.
Appointed
Janakkumar Balkrishnabhai Oza was appointed as Director.
Appointed
Ruchirkumar Janakkumar Oza was appointed as Director.
Incorporation
31 May 2019
Solvo Elevators Private Limited was registered on 31 May 2019 with Roc Ahmedabad & aged 7 years 4 months as per MCA records.
Frequently asked questions
Solvo Elevators is an active private limited company based in Ahmedabad, Gujarat, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 31 May 2019 (7+ years old) and is registered under CIN U29308GJ2019PTC108440.
Solvo Elevators has 2 current directors:
- Ruchirkumar Janakkumar Oza - Director
- Janakkumar Balkrishnabhai Oza - Director
The latest financial statements of Solvo Elevators 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 FY 2020 are in the company report.
The GSTIN of Solvo Elevators is 24ABCCS1505Q1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Solvo Elevators is U29308GJ2019PTC108440. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solvo Elevators was incorporated on 31 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Janakkumar Balkrishnabhai Oza was appointed as Director on 31 May 2019. Ruchirkumar Janakkumar Oza was appointed as Director on 31 May 2019.
Yes, Solvo Elevators is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0011052).
Solvo Elevators can be reached through the website solvoelevators.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Solvo Elevators is at A – 203 Satyamev – 1 Opp. Gujarat High Court S.G Highway, Ahmedabad, Gujarat, India – 380060.