Solara Active Pharma Sciences Limited

Founded in 2017 and headquartered in Maharashtra, India.

2017 | Thane, Maharashtra (India) | Active
Last Updated:

Solara Active Pharma Sciences Profile

Key Indicators

  • Authorised Capital ₹ 120.00 Cr
  • Paid Up Capital ₹ 36.00 Cr
  • Company Age 8 Year, 6 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 1,724.40 Cr
  • Satisfied Charges ₹ 2,310.69 Cr
  • Revenue Growth 13.90%
  • Profit Growth 62.07%
  • Ebitda 66.82%
  • Net Worth -1.57%
  • Total Assets -1.86%

About Solara Active Pharma Sciences

Solara Active Pharma Sciences Limited (SAPSL) is a Public Limited Indian Non-Government Company incorporated in India on 23 February 2017 (Eight years 6 days old ). Its registered office is in Thane, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 541540 and on the National Stock Exchange(NSE) under SOLARA.

The Corporate was formerly known as Ssl Pharma Sciences Limited. The Company is engaged in the Pharma 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 120.00 Cr and a paid-up capital of Rs 36.00 Cr.

The company currently has active open charges totaling ₹1,724.40 Cr. The company has closed loans amounting to ₹2,310.69 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Solara Active Pharma Sciences Limited India are Arun Baskaran as Cfo, Suddapalli Muralikrishna as Company Secretary, and Poorvank Purohit as Ceo. Arun Pillai, Ramakrishnan Rajagopal, Kartheek Raju, and Six other members serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    solara.co.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L24230MH2017PLC291636

  • Company No.

    291636

  • Stock Symbol

    BSE : 541540 NSE : SOLARA

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    23 Feb 2017

  • Date of AGM

    15 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Mumbai

Industry

Pharma

Who are the key members and board of directors at Solara Active Pharma Sciences?

Executive Team (3)

NameDesignationAppointment DateStatus
Arun Baskaran CFO21-Mar-2024Current
Poorvank Purohit Country flag representing In Managing Director05-Jul-2023Current
Suddapalli Muralikrishna Company Secretary26-Mar-2018Current

Board Members (8)

NameDesignationAppointment DateStatus
Ramakrishnan Rajagopal Country flag representing In Director 11-Apr-2018Current
Rajendra Srivastava Country flag representing Us Director Current
Kausalya Santhanam Country flag representing In Director 11-Apr-2018Current
Ankur Thadani Country flag representing In Director 16-May-2019Current
Arun Pillai Country flag representing In Director 04-Aug-2021Current
Kartheek Raju Country flag representing Us Director 05-Jul-2023Current

Financial Performance of Solara Active Pharma Sciences.

Solara Active Pharma Sciences Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 13.9% increase. The company also saw a substantial improvement in profitability, with a 62.07% increase in profit. The company's net worth dipped by a decrease of 1.57%.

Solara Active Pharma Sciences revenue growth over time
Solara Active Pharma Sciences 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
13.90%
Revenue from Operations
13.83%
Total Assets
-1.86%
Profit or Loss
62.07%
Net Worth
-1.57%
EBITDA
66.82%

What is the Ownership and Shareholding Structure of Solara Active Pharma Sciences?

In 2022, Solara Active Pharma Sciences had a promoter holding of 39.71% and a public holding of 60.29%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,724.40 Cr

Satisfied Charges

₹2,310.69 Cr

Charges Breakdown by Lending Institutions

  • Others : 1584.40 Cr
  • Yes Bank Limited : 140.00 Cr

Latest Charge Details

DateLenderAmountStatus
28 Sep 2022Yes Bank Limited₹75.00 CrOpen
28 Sep 2022Yes Bank Limited₹65.00 CrOpen
22 Nov 2021Others₹150.00 CrOpen
21 Jan 2021Others₹170.00 CrOpen
30 May 2019Others₹1,264.40 CrOpen

How Many Employees Work at Solara Active Pharma Sciences?

Solara Active Pharma Sciences has a workforce of 1656 employees as of Mar 25, 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 Solara Active Pharma Sciences Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Solara Active Pharma Sciences, 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 Solara Active Pharma Sciences'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 Solara Active Pharma Sciences

Recent activity within the organization

  • Director Appointment

    Arun Kumar Baskaran was appointed as a Cfo was appointed as a Cfo on 21 Mar 2024 & has been associated with this company since 11 months 11 days .

  • Director Appointment

    Mohan Muthunarayanan was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 05 Mar 2024 & has been associated with this company since 11 months 27 days .

  • Charges

    A charge registered on 29 Nov 2021 via Charge ID 100519331 with Others was fully satisfied on 15 Sep 2023.

  • Annual General Meeting

    Solara Active Pharma Sciences Limited last Annual general meeting of members was held on 15 Sep 2023 as per latest MCA records.

  • Charges

    A charge registered on 22 Jul 2021 via Charge ID 100466097 with Hdfc Bank Limited was fully satisfied on 30 Jun 2023.

  • Charges

    A charge registered on 07 Nov 2020 via Charge ID 100386099 with Hdfc Bank Limited was fully satisfied on 30 Jun 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Solara Active Pharma Sciences Limited?

    Solara Active Pharma Sciences Limited was incorporated on 23 Feb 2017.

  • What is authorized share capital and paid-up capital of Solara Active Pharma Sciences Limited?

    The authorized share capital of Solara Active Pharma Sciences Limited is ₹ 120.00 Cr and paid-up capital is ₹ 36.00 Cr.

  • Who are the current board members & directors of Solara Active Pharma Sciences Limited?

    Currently 12 directors are associated with Solara Active Pharma Sciences Limited.

    • Arun Kumar Baskaran
    • Arun Kumar Pillai
    • Ramakrishnan Rajagopal
    • Kartheek Chintalapati Raju
    • Ankur Nand Thadani
    • Mohan Muthunarayanan
    • Kausalya Santhanam
    • Rajendra Kumar Srivastava
    • Poorvank Purohit
    • Rajiv Vijay Nabar
    • Suddapalli Muralikrishna
    • Poorvank Purohit

  • What is the registered address of Solara Active Pharma Sciences Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Solara Active Pharma Sciences Limited is 201 Devavrata, Sector 17 Vashi, Navi Mumbai, Maharashtra, India, 400703.

  • What is the corporate identification number (CIN) and company number of Solara Active Pharma Sciences Limited?

    The corporate identification number (CIN) of Solara Active Pharma Sciences Limited is L24230MH2017PLC291636 and the company number is 291636 as per Ministry of Corporate Affairs (MCA).

  • Is Solara Active Pharma Sciences Limited registered with any stock exchange in India?

    Yes, Solara Active Pharma Sciences Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SOLARA.

  • What is the official website of Solara Active Pharma Sciences Limited?

    The Official website of Solara Active Pharma Sciences Limited is https://www.solara.co.in

  • What has been the recent revenue trend for Solara Active Pharma Sciences Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Solara Active Pharma Sciences Limited has risen by 13.90%.

  • How many employees does Solara Active Pharma Sciences Limited currently have?

    As Per 2023 financial reports, 1656 employees are currently employed by Solara Active Pharma Sciences Limited.

  • What change has been observed in the net worth of Solara Active Pharma Sciences Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Solara Active Pharma Sciences Limited has experienced an downturn of -1.57%.

  • What are the total open charges for Solara Active Pharma Sciences Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Solara Active Pharma Sciences Limited amount to ₹ 1,724.40 Cr.

  • When was the last Balance Sheet of Solara Active Pharma Sciences Limited filed with the ROC?

    The most recent Balance Sheet for Solara Active Pharma Sciences Limited was filed with the ROC on 31 Mar 2023.

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