Solar Magic Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 5.45 Cr
- Company Age 26 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 5.00 Cr
- Revenue Growth 4.48%
- Profit Growth 89.94%
- Ebitda 108.70%
- Net Worth 1520.23%
- Total Assets -13.97%
About Solar Magic
Solar Magic Private Limited (SMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 06 March 1998 and has a history of 26 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Padmanabh Agencies Private Limited. The Company is engaged in the Agriculture 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 10.00 Cr and a paid-up capital of Rs 5.45 Cr.
The company has closed loans amounting to ₹5.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Samir Somaiya, Karan Mengar, Veerappa Kanabur, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U01100MH1998PTC113856
- Company No.
113856
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Mar 1998
- Date of AGM
18 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Agriculture
Who are the key members and board of directors at Solar Magic?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Samir Somaiya  | Director | 06-Mar-1998 | Current |
| Dharmil Sheth | Director | 20-Jun-2020 | Current |
| Karan Mengar | Director | 20-Jun-2020 | Current |
| Veerappa Kanabur | Additional Director | 28-Dec-2023 | Current |
| Bhalachandra Bakshi | Director | 29-Mar-2011 | Current |
Financial Performance of Solar Magic.
Solar Magic Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.48% increase. The company also saw a substantial improvement in profitability, with a 89.94% increase in profit. The company's net worth Soared by an impressive increase of 1520.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Solar Magic?
In 2023, Solar Magic had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Somaiya FoundationSamir Somaiya is a mutual person
Thyrocare Technologies LimitedDharmil Sheth is a mutual person
Nueclear Healthcare LimitedDharmil Sheth is a mutual person
Sakarwadi Trading Company Private LimitedSamir Somaiya and Karan Mengar are mutual person
- K J Somaiya And Sons Private Limited
Samir Somaiya is a mutual person
- Somaiya Agencies Private Limited
Samir Somaiya and Karan Mengar are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹5.00 Cr
Charges Breakdown by Lending Institutions
- Corporation Bank : 5.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 Nov 2015 | Corporation Bank | ₹5.00 Cr | Satisfied |
How Many Employees Work at Solar Magic?
Solar Magic has a workforce of 9 employees as of Apr 08, 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 Magic, 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 Magic'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 Magic
Recent activity within the organization
- Director Appointment
Veerappa Shankrappa Kanabur was appointed as a Additional Director was appointed as a Additional Director on 28 Dec 2023 & has been associated with this company since 1 year 2 months .
- Annual General Meeting
Solar Magic Private Limited last Annual general meeting of members was held on 18 Sep 2023 as per latest MCA records.
- Balance Sheet
Solar Magic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
- Charges
A charge registered on 16 Nov 2015 via Charge ID 10607033 with Corporation Bank was fully satisfied on 15 Feb 2023.
- Director Appointment
Dharmil Nirupam Sheth was appointed as a Director was appointed as a Director on 20 Jun 2020 & has been associated with this company since 4 years 8 months .
- Director Appointment
Karan Harshad Mengar was appointed as a Director was appointed as a Director on 20 Jun 2020 & has been associated with this company since 4 years 8 months .
Frequently asked questions
What is the Incorporation or founding date of Solar Magic Private Limited?
Solar Magic Private Limited was incorporated on 06 Mar 1998.
What is authorized share capital and paid-up capital of Solar Magic Private Limited?
The authorized share capital of Solar Magic Private Limited is ₹ 10.00 Cr and paid-up capital is ₹ 5.45 Cr.
Who are the current board members & directors of Solar Magic Private Limited?
Currently 5 directors are associated with Solar Magic Private Limited.
- Samir Shantilal Somaiya
- Karan Harshad Mengar
- Veerappa Shankrappa Kanabur
- Bhalachandra Raghavendra Bakshi
- Dharmil Nirupam Sheth
What is the registered address of Solar Magic Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Solar Magic Private Limited is Somaiya Bhavan45/47 M G RoadFort, Mumbai, Maharashtra, India, 400001.
What is the corporate identification number (CIN) and company number of Solar Magic Private Limited?
The corporate identification number (CIN) of Solar Magic Private Limited is U01100MH1998PTC113856 and the company number is 113856 as per Ministry of Corporate Affairs (MCA).
What is the official website of Solar Magic Private Limited?
The Official website of Solar Magic Private Limited is https://www.somaiya.com
What has been the recent revenue trend for Solar Magic Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Solar Magic Private Limited has risen by 4.48%.
How many employees does Solar Magic Private Limited currently have?
As Per 2023 financial reports, 9 employees are currently employed by Solar Magic Private Limited.
What change has been observed in the net worth of Solar Magic Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Solar Magic Private Limited has experienced an upsurge of 1520.23%.
When was the last Balance Sheet of Solar Magic Private Limited filed with the ROC?
The most recent Balance Sheet for Solar Magic Private Limited was filed with the ROC on 31 Mar 2023.
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