About Sri Ambika Solvex Limited
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Sri Ambika Solvex Limited is a public limited company based in Mandsaur, Madhya Pradesh, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 16 October 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15141MP1992PLC007363. Its GSTIN is 23AACCA5958N4Z9 (Madhya Pradesh). The company holds 8 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.63 Cr. It was formerly known as Ambika Solvex Limited and Ambika Solvex Private Limited. It is led by directors including Kailash Chandra Garg (Whole-Time Director) and Arjun Das Hotwani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14 Mulla Ji Ka Nohra Ram Mohalla, Mandsaur, Madhya Pradesh, India – 458001.
As per the financials filed for FY 2025, the company reported a revenue of ₹55.27 Cr, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹5.29 Cr (net margin -9.6%) and EBITDA of -₹2.6 Cr (EBITDA margin -4.7%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 36% over five years.
The company has about 30 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹681.53 Cr and satisfied charges of ₹122 Cr on record. Court records list 424 cases involving the company, including 149 filed by the company and 275 filed against it; 101 cases are pending. The company has 15 deals on record (8 secondary share transfers, 7 funding rounds), with disclosed funding of ₹48.88 Cr; the latest was in November 2017. Its 3 peer companies in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 2 larger and 1 smaller; the largest is Maharaja Oil Products Private Limited with revenue of ₹55.51 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ambikagroup.net.
Company details
Name history
Sri Ambika Solvex has undergone 2 name changes throughout its history. The company was previously known as Ambika Solvex Limited, and Ambika Solvex Private Limited. The current legal name is Sri Ambika Solvex Limited.
| Company Name | Status |
|---|---|
| Sri Ambika Solvex Limited | Current |
| Ambika Solvex Limited | Previous |
| Ambika Solvex Private Limited | Previous |
Contact details
Sri Ambika Solvex Limited's registered office is in Mandsaur, Madhya Pradesh. Its website is ambikagroup.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address14 Mulla Ji Ka Nohra Ram Mohalla, Mandsaur, Madhya Pradesh, India – 458001
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Sri Ambika Solvex 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 Sri Ambika Solvex is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Sri Ambika Solvex Limited, buy the company report.
Financials of Sri Ambika Solvex Limited
FY 2025 filings availableSri Ambika Solvex Limited reported revenue of ₹55.27 Cr (down 91% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 91% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹2.6 Cr | ||||
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| Net Profit (PAT) | -₹5.29 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.7% | ||||
| Net Profit Margin | -9.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Sri Ambika Solvex Limited, buy the company report.
Board of directors of Sri Ambika Solvex Limited
Sri Ambika Solvex has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailash Chandra Garg | Whole-Time Director | 16 Oct 1992 | 34 Years 0 Months | Current |
| Arjun Das Hotwani Also directs: BBPS Trading Private Limited | Whole-Time Director | 16 Oct 1992 | 34 Years 0 Months | Current |
| Premlata Devi Garg | Whole-Time Director | 01 Sep 2020 | 6 Years 1 Months | Current |
Peer comparison
Sri Ambika Solvex Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maharaja Oil Products Private Limited | ₹55.51 Cr (FY 2024) | -4.0% | Karaikudi, Tamil Nadu, India | |||
| Shreenathji Vegitable Oil Industries Private Limited | ₹55.36 Cr (FY 2025) | 64.0% | Indore, Madhya Pradesh, India | |||
| Sri Ambika Solvex Limitedthis company | ₹55.27 Cr (FY 2025) | -₹5.29 Cr | -9.6% | -91.0% | 30 | Mandsaur, Madhya Pradesh, India |
| Harwin Agro Enterprise Private Limited | ₹54.69 Cr (FY 2018) | 3.0% | Tiruchirappalli, Tamil Nadu, India |
To see the full peer comparison of Sri Ambika Solvex Limited, buy the company report.
Shareholding
The shareholding of Sri Ambika Solvex Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sri Ambika Solvex Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2010 | 10257425 | Uco Bank (Lead Bank) | ₹110.5 Cr | Open | |
| 20 Apr 2009 | 10158250 | State Bank of India | ₹10 Cr | Open | |
| 20 Apr 2009 | 10158251 | State Bank of India | ₹195 Cr | Open | |
| 06 Dec 2008 | 10136748 | Asset Reconstruction Company (India) Limited | ₹3 Cr | Open | |
| 14 Oct 2008 | 10128119 | Dena Bank | ₹219 Cr | Open |
To see the full charge records of Sri Ambika Solvex Limited, buy the company report.
Total charge records: 21 View all charges
Deals & funding
Sri Ambika Solvex Limited has 15 deals on record (8 secondary share transfers, 7 funding rounds), with disclosed funding of ₹48.88 Cr; the latest was in November 2017.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2010 | Secondary share transfer | Undisclosed | Buyer: Medariya Medical Tourism Private Limited , 3 individuals Seller: Gurukul Dealers Pvt Ltd , Bonus Dealcom Private Limited , Variety Dealcom Private Limited |
| Apr 2010 | Funding round | ₹5.96 Cr | Investors: Blue Valley Trading and Investment Private Limited , 3 individuals |
| Oct 2009 | Funding round | ₹23.96 Cr | Investors: Dhulatawala Exim Private Limited , Vardhman Solvent Extraction Industries Ltd |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Top Ten Inestment Private Limited, Blue Valley Leasing Private Limited, 2 individuals Seller: 4 individuals |
| Mar 2008 | Funding round | ₹6.55 Cr | Investors: Vardhman Solvent Extraction Industries Ltd , Dhulatawala Exim Private Limited , Gurukul Dealers Pvt Ltd |
To see the full deal history of Sri Ambika Solvex Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sri Ambika Solvex Limited has 424 court cases on record: 149 filed by Sri Ambika Solvex, 275 filed against it. 101 cases are pending and 323 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 359 | 253 | 85 |
| High courts | 54 | 18 | 15 |
| Supreme Court | 11 | 4 | 1 |
Cases on record (5 of 424)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1101-Compensation : Motor vehicle accident compensation) | Filed against the company by Icici Lombard General Insurance Co. Ltd | Pending |
| Supreme Court | Court case (2402-Indirect Taxation : Central Excise Act, Central Excise Tariff Act) | Filed against the company by Union of India and 2 others | Disposed |
| Supreme Court | Court case (3002-Land Acquisition and Requisition : Compensation for land acquisition) | Filed against the company by Karnataka Neeravari Nigama Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Creditaccess Grameen Ltd Rep by Its Assistant Manager Harish M | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Vistaar Financial Services Pvt Ltd | Pending |
To see the full case history of Sri Ambika Solvex 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
No delayed payments to MSME suppliers are on our record for Sri Ambika Solvex Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sri Ambika Solvex has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Narayan Niryat India Private Limited | U15142MP2000PTC014409 | |
| Ramkrishna Solvex Private Limited | U15143MP2007PTC019232 |
To see the full group structure of Sri Ambika Solvex Limited, buy the company report.
Employees & EPFO
Sri Ambika Solvex Limited has a workforce of 30 employees on its EPFO records as of Apr 04, 2024, across 4 active EPFO establishments.
GST
Sri Ambika Solvex has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCA5958N4Z9 | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AACCA5958N5Z8 | Madhya Pradesh | Active | 15 Jul 2017 |
| 23AACCA5958N6Z7 | Madhya Pradesh | Active | 21 Jul 2017 |
| 27AACCA5958N1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sri Ambika Solvex Limited, buy the company report.
Recent activity
Sri Ambika Solvex Limited has 6 board changes on record since 1992: 3 appointments and 3 cessations. The latest: Premlata Devi Garg was appointed as Whole-Time Director on 01 Sep 2020.
36 earlier events are in the company report.
Frequently asked questions
Sri Ambika Solvex is an active public limited company based in Mandsaur, Madhya Pradesh, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 16 October 1992 (34+ years old) and is registered under CIN U15141MP1992PLC007363.
Sri Ambika Solvex has 3 current directors:
- Kailash Chandra Garg - Whole-Time Director
- Arjun Das Hotwani - Whole-Time Director
- Premlata Devi Garg - Whole-Time Director
The latest financial statements of Sri Ambika Solvex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sri Ambika Solvex is 23AACCA5958N4Z9, registered in Madhya Pradesh. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 23AACCA5958N5Z8 (Madhya Pradesh), 23AACCA5958N6Z7 (Madhya Pradesh), 27AACCA5958N1Z4 (Maharashtra).
The CIN (Corporate Identification Number) of Sri Ambika Solvex is U15141MP1992PLC007363. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sri Ambika Solvex has 424 court cases on record: 149 filed by the company and 275 filed against it. 101 are pending. Most are in the district courts.
Sri Ambika Solvex was incorporated on 16 October 1992, making it 34+ years old. It is registered with the Registrar of Companies, Gwalior.
Sri Ambika Solvex has 15 deals on record (8 secondary share transfers, 7 funding rounds), with disclosed funding of ₹48.88 Cr; the latest was in November 2017.
The peers of Sri Ambika Solvex by revenue are Maharaja Oil Products Private Limited, Shreenathji Vegitable Oil Industries Private Limited, Harwin Agro Enterprise Private Limited, all in the Food and Beverages industry (Edible Oils), with the same principal business activity (food, beverages and tobacco products).
Premlata Devi Garg was appointed as Whole-Time Director on 01 Sep 2020. Sureshchandra Bapulalji Garg ceased to be Whole-Time Director on 27 Jul 2020. Arjun Das Hotwani ceased to be Director on 02 Feb 2010. Sri Ambika Solvex has 6 board changes on record in total.
Sri Ambika Solvex can be reached through the website ambikagroup.net. Its registered office is in Mandsaur, Madhya Pradesh, India.