About Urmi Solar Systems Limited
Data last updated:
Urmi Solar Systems Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 19 February 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29199GJ1997PLC031749. Its GSTIN is 24AAACU1488P1ZV (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Vijaykumar Rasiklal Joshi and Kiritkumar Hargovanbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No: 5208 G.I.D.C Phase – IV Near Ramol Chokdi & Bridge Vatva, Ahmedabad, Gujarat, India – 382445.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.53 Cr, a growth of 137% compared to the previous year. For the same year it recorded a net profit of ₹1.05 Lakh (net margin 0.2%) and EBITDA of ₹6.94 Lakh (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 43% over five years.
As per MCA filings, the company has open charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website urmisolar.com.
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- Website
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- Registered AddressPlot No: 5208 G.I.D.C Phase – IV Near Ramol Chokdi & Bridge Vatva, Ahmedabad, Gujarat, India – 382445
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Urmi Solar Systems Limited
The main business activity of Urmi Solar Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Urmi Solar Systems Limited FY 2024 filings available
Urmi Solar Systems Limited reported revenue of ₹4.53 Cr (up 137% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Urmi Solar Systems Limited
Revenue has grown at a compounded annual rate (CAGR) of 43% over five years, including 137% growth in the latest year. EBITDA rose 121% 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 of Urmi Solar Systems Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹6.94 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.05 Lakh | •••• | •••• | •••• | •••• |
| 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 of Urmi Solar Systems Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Urmi Solar Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Urmi Solar Systems Limited
Urmi Solar Systems Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Streamline Controls Private Limited | ₹4.56 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Ahmedabad, Gujarat, India |
| Robam Appliances Private Limited | ₹4.55 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Navi Mumbai, Maharashtra, India |
| Velsine Technologies Private Limited | ₹4.54 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Chennai, Tamil Nadu, India |
| Skill Elixiredge Private Limited | ₹4.53 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Noida, Uttar Pradesh, India |
| Ivar Manufacturing Private Limited | ₹4.53 Cr (FY 2022) | •••• | •••• | -32.0% | •••• | Howrah, West Bengal, India |
| Urmi Solar Systems Limited this company | ₹4.53 Cr (FY 2024) | •••• | •••• | 137.0% | •••• | Ahmedabad, Gujarat, India |
| Contact Electrical & Automation Private Limited | ₹4.52 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Nagpur, Maharashtra, India |
| Sunlit Electro Controls Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Puthencruz, Kerala, India |
| Chinnappa Engineering Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Hyderabad, Telangana, India |
| Shankar Techmech Private Limited | ₹4.51 Cr (FY 2025) | •••• | •••• | 49.0% | •••• | Chennai, Tamil Nadu, India |
| Irusu Technologies Private Limited | ₹4.5 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Urmi Solar Systems by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Urmi Solar Systems Limited
Urmi Solar Systems Limited is audited by RAJU P. PATEL & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJU P. PATEL & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Urmi Solar Systems Limited
Urmi Solar Systems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vijaykumar Rasiklal Joshi | Director | 19 Feb 1997 | 29 Years 7 Months | Current |
| Kiritkumar Hargovanbhai Patel | Director | 22 Sep 2020 | 6 Years 0 Months | Current |
| Dipal Pikin Modi | Director | 03 Oct 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of Urmi Solar Systems Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Urmi Solar Systems Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 04 Dec 2020 | Others | ₹1 Cr | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Urmi Solar Systems Limited
Employment history and EPFO contributions of people linked to Urmi Solar Systems.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Urmi Solar Systems Limited
Urmi Solar Systems has one previous CIN (Corporate Identification Number): U29199GJ1997SGC031749. The current CIN is U29199GJ1997PLC031749, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29199GJ1997PLC031749 | Current |
| U29199GJ1997SGC031749 | Previous |
Recent Activity on Urmi Solar Systems Limited
Urmi Solar Systems Limited has 5 board changes on record since 1997: 3 appointments and 2 cessations. The latest: Kiritkumar Hargovanbhai Patel ceased to be Additional Director on 30 Nov 2021.
Credit Ratings, Litigation & Regulatory Alerts for Urmi Solar Systems Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Urmi Solar Systems Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Urmi Solar Systems Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Urmi Solar Systems Limited
Urmi Solar Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACU1488P1ZV | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Urmi Solar Systems Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Urmi Solar Systems Limited
Urmi Solar Systems is an active public limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 19 February 1997 (29+ years old) and is registered under CIN U29199GJ1997PLC031749.
Urmi Solar Systems reported revenue of ₹4.53 Cr for FY 2024 (up 137% YoY).
Urmi Solar Systems has 3 current directors:
- Vijaykumar Rasiklal Joshi - Director
- Kiritkumar Hargovanbhai Patel - Director
- Dipal Pikin Modi - Director
Urmi Solar Systems reported a net profit of ₹1.05 Lakh (net margin 0.2%) and EBITDA of ₹6.94 Lakh (EBITDA margin 1.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Urmi Solar Systems is 48% over three years and 43% over five years. In the latest year (FY 2024) revenue rose 137%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Urmi Solar Systems is 24AAACU1488P1ZV, registered in Gujarat.
The CIN (Corporate Identification Number) of Urmi Solar Systems is U29199GJ1997PLC031749. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Urmi Solar Systems was incorporated on 19 February 1997, making it 29+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Urmi Solar Systems by revenue are Streamline Controls Private Limited, Robam Appliances Private Limited, Velsine Technologies Private Limited, Skill Elixiredge Private Limited, Ivar Manufacturing Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Kiritkumar Hargovanbhai Patel ceased to be Additional Director on 30 Nov 2021. Kiritkumar Hargovanbhai Patel was appointed as Director on 22 Sep 2020. Ranjanben Kiritkumar Patel ceased to be Director on 22 Sep 2020. Urmi Solar Systems has 5 board changes on record in total.
Urmi Solar Systems can be reached through the website urmisolar.com. Its registered office is in Ahmedabad, Gujarat, India.