Solar Industries India Limited

Explosives manufacturer for mining, infrastructure, and construction industries with global presence.

1995 | Nagpur, Maharashtra (India) | Active
Last Updated:

Solar Industries India Profile

Key Indicators

  • Authorised Capital ₹ 27.00 Cr
  • Paid Up Capital ₹ 18.10 Cr
  • Company Age 30 Year, 8 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,338.77 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. 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 2023. 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 ₹1,338.77 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, Moneesh Agrawal as Cfo, and Khushboo Rai as Company Secretary. Manish Nuwal, Satyanarayan Nuwal, Natrajh Ramakrishna, and Five other members serve as directors at the Company.

Company Details

  • Location

    Nagpur, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    solargroup.com

  • Social Media
  • Apps

Corporate Identity Details

  • CIN/LLPIN

    L74999MH1995PLC085878

  • Company No.

    085878

  • Stock Symbol

    BSE : 532725 NSE : SOLARINDS

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Feb 1995

  • Date of AGM

    21 Jun 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Musical Instruments

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)

NameDesignationAppointment DateStatus
Manish Nuwal Country flag representing In Managing Director25-Oct-2008Current
Shalinee Mandhana Country flag representing In CFO27-May-2021Current
Moneesh Agrawal CFO27-May-2021Current
Khushboo Rai Country flag representing In Company Secretary11-Oct-2007Current

Board Members (7)

NameDesignationAppointment DateStatus
Suresh Menon Country flag representing In Whole-Time Director 11-May-2018Current
Satyanarayan Nuwal Country flag representing In Director 24-Feb-1995Current
Natrajh Ramakrishna Country flag representing In Director 19-Oct-2022Current
Jagdish Belwal Country flag representing In Director 05-Dec-2022Current
Dinesh Batra Country flag representing In Additional Director 10-Apr-2024Current
Milind Deshmukh Country flag representing In Whole-Time Director 29-Jul-2021Current

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%.

Solar Industries India revenue growth over time
Solar Industries India profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
64.48%
Revenue from Operations
64.62%
Total Assets
37.83%
Profit or Loss
70.31%
Net Worth
29.43%
EBITDA
67.63%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,338.77 Cr

Satisfied Charges

₹378.07 Cr

Charges Breakdown by Lending Institutions

  • Others : 1338.77 Cr

Latest Charge Details

DateLenderAmountStatus
01 Sep 2010Others₹1,338.77 CrOpen
12 Jan 2017State Bank Of India₹50.00 CrSatisfied
03 May 2006Citicorp Finance (India) Limited₹1.82 CrSatisfied
25 Apr 2006Citicorp Finance (India) Ltd₹8.29 MSatisfied
17 Jan 2004Bank Of India₹90.00 CrSatisfied

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.

Employee growth trends for Solar Industries India Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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

  • Director Appointment

    Dinesh Kumar Batra was appointed as a Additional Director was appointed as a Additional Director on 10 Apr 2024 & has been associated with this company since 10 months 23 days .

  • Annual General Meeting

    Solar Industries India Limited last Annual general meeting of members was held on 21 Jun 2023 as per latest MCA records.

  • Charges

    A charge with Others of Rs. 1,338.77 Cr registered on 01 Sep 2010 with Charge ID 10240188 was modified on 18 May 2023.

  • Balance Sheet

    Solar Industries India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.

  • 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 2 months .

  • Director Appointment

    Natrajh Ramakrishna was appointed as a Director was appointed as a Director on 19 Oct 2022 & has been associated with this company since 2 years 4 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.

    • Manish Satyanarayan Nuwal
    • Satyanarayan Nandlal Nuwal
    • Natrajh Ramakrishna
    • Suresh Menon
    • Jagdish Chandra Belwal
    • Dinesh Kumar Batra
    • Milind Bhalchandra Deshmukh
    • Rashmi Prasad
    • Shalinee Manish Mandhana
    • Moneesh Agrawal
    • Khushboo Ashok Rai

  • 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 "Solar" House, 14 Kachimet Amravati Road, Nagpur, Maharashtra, India, 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 ₹ 1,338.77 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 2023.

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