

Solar Industries India Profile
Key Indicators
- Authorised Capital ₹ 27.00 Cr
- Paid Up Capital ₹ 18.10 Cr
- Company Age 30 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 1,290.70 Cr
- Satisfied Charges ₹ 378.07 Cr
- Revenue Growth 64.48%
- Profit Growth 70.31%
- Ebitda 67.63%
- Net Worth 29.43%
- Total Assets 37.83%
About Solar Industries India
Solar Industries India Limited (SIIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 February 1995 and has a history of 30 years and two months. Its registered office is in Nagpur, Maharashtra, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532725 and on the National Stock Exchange(NSE) under SOLARINDS.
The Corporate was formerly known as Solar Explosives Limited. The Company is engaged in the Musical Instruments Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 27.00 Cr and a paid-up capital of Rs 18.10 Cr.
The company currently has active open charges totaling ₹1,290.70 Cr. The company has closed loans amounting to ₹378.07 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Solar Industries India Limited India are Shalinee Mandhana as Cfo, Khushboo Rai as Company Secretary, and Moneesh Agrawal as Cfo. Satyanarayan Nuwal, Jagdish Belwal, Dinesh Batra, and Five other members serve as directors at the Company.
Company Details
- Location
Nagpur, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
- Apps
Corporate Identity Details
Industry
What products or services does Solar Industries India Limited offer?
Solar Industries India Limited offers a wide range of products and services, including Industrial Chemicals & Supplies, Water Treatment Chemicals, Product Engineering and Prototyping, Electronics Manufacturing Service.
Who are the key members and board of directors at Solar Industries India?
Executive Team (4)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Shalinee Mandhana ![]() | CFO | 27-May-2021 | Current |
Khushboo Rai ![]() | Company Secretary | 11-Oct-2007 | Current |
Manish Nuwal ![]() | Managing Director | 25-Oct-2008 | Current |
Moneesh Agrawal | CFO | 27-May-2021 | Current |
Board Members (7)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Suresh Menon ![]() | Whole-Time Director | 11-May-2018 | Current |
Satyanarayan Nuwal ![]() | Director | 24-Feb-1995 | Current |
Jagdish Belwal ![]() | Director | 05-Dec-2022 | Current |
Dinesh Batra ![]() | Director | 01-Apr-2024 | Current |
Rashmi Prasad ![]() | Director | 21-Sep-2023 | Current |
Natrajh Ramakrishna ![]() | Director | 19-Oct-2022 | Current |
Financial Performance of Solar Industries India.
Solar Industries India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 64.48% increase. The company also saw a substantial improvement in profitability, with a 70.31% increase in profit. The company's net worth Soared by an impressive increase of 29.43%.


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What is the Ownership and Shareholding Structure of Solar Industries India?
In 2023, Solar Industries India had a promoter holding of 73.15% and a public holding of 26.85%. The company had 6 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Related Corporates (Common Directorship)
- Vastu Finserve India Private Limited
Natrajh Ramakrishna is a mutual person
- Phd Chamber Of Commerce And Industry
Satyanarayan Nuwal is a mutual person
- India1 Payments Limited
Natrajh Ramakrishna is a mutual person
- Som Distilleries And Breweries Limited
Dinesh Batra is a mutual person
- Vastu Housing Finance Corporation Limited
Natrajh Ramakrishna is a mutual person
- Economic Explosives Limited
Satyanarayan Nuwal, Manish Nuwal and 1 more are mutual person
Charges (Loans)
₹1,290.70 Cr
₹378.07 Cr
Charges Breakdown by Lending Institutions
- Others : 1290.70 Cr
Latest Charge Details
Date | Lender | Amount | Status |
---|---|---|---|
01 Sep 2010 | Others | ₹1,290.70 Cr | Open |
12 Jan 2017 | State Bank Of India | ₹50.00 Cr | Satisfied |
03 May 2006 | Citicorp Finance (India) Limited | ₹1.82 Cr | Satisfied |
25 Apr 2006 | Citicorp Finance (India) Ltd | ₹8.29 M | Satisfied |
17 Jan 2004 | Bank Of India | ₹90.00 Cr | Satisfied |
How Many Employees Work at Solar Industries India?
Solar Industries India has a workforce of 1946 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Solar Industries India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Solar Industries India's trajectory.
Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Solar Industries India
Recent activity within the organization
- Annual General Meeting
Solar Industries India Limited last Annual general meeting of members was held on 18 Jul 2024 as per latest MCA records.
- Charges
A charge with Others of Rs. 1,290.70 Cr registered on 01 Sep 2010 with Charge ID 10240188 was modified on 19 Jun 2024.
- Director Appointment
Dinesh Kumar Batra was appointed as a Director was appointed as a Director on 01 Apr 2024 & has been associated with this company since 1 year 1 month .
- Balance Sheet
Solar Industries India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Director Appointment
Rashmi Prasad was appointed as a Director was appointed as a Director on 21 Sep 2023 & has been associated with this company since 1 year 7 months .
- Director Appointment
Jagdish Chandra Belwal was appointed as a Director was appointed as a Director on 05 Dec 2022 & has been associated with this company since 2 years 5 months .
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Solar Industries India Limited?
Solar Industries India Limited was incorporated on 24 Feb 1995.
What is authorized share capital and paid-up capital of Solar Industries India Limited?
The authorized share capital of Solar Industries India Limited is ₹ 27.00 Cr and paid-up capital is ₹ 18.10 Cr.
Who are the current board members & directors of Solar Industries India Limited?
Currently 11 directors are associated with Solar Industries India Limited.
- Satyanarayan Nandlal Nuwal
- Jagdish Chandra Belwal
- Dinesh Kumar Batra
- Rashmi Prasad
- Shalinee Manish Mandhana
- Khushboo Ashok Rai
- Manish Satyanarayan Nuwal
- Natrajh Ramakrishna
- Suresh Menon
- Milind Bhalchandra Deshmukh
- Moneesh Agrawal
What is the registered address of Solar Industries India Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Solar Industries India Limited is Solarhouse14 Kachimet, Amravatiroad India, Nagpur, Maharashtra, 440023.
What is the corporate identification number (CIN) and company number of Solar Industries India Limited?
The corporate identification number (CIN) of Solar Industries India Limited is L74999MH1995PLC085878 and the company number is 085878 as per Ministry of Corporate Affairs (MCA).
Is Solar Industries India Limited registered with any stock exchange in India?
Yes, Solar Industries India Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SOLARINDS.
What is the official website of Solar Industries India Limited?
The Official website of Solar Industries India Limited is https://www.solargroup.com
What has been the recent revenue trend for Solar Industries India Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Solar Industries India Limited has risen by 64.48%.
How many employees does Solar Industries India Limited currently have?
As Per 2023 financial reports, 1946 employees are currently employed by Solar Industries India Limited.
What change has been observed in the net worth of Solar Industries India Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Solar Industries India Limited has experienced an upsurge of 29.43%.
What are the total open charges for Solar Industries India Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Solar Industries India Limited amount to ₹ 1,290.70 Cr.
When was the last Balance Sheet of Solar Industries India Limited filed with the ROC?
The most recent Balance Sheet for Solar Industries India Limited was filed with the ROC on 31 Mar 2024.
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