Solex Energy Limited

Founded in 2014 and headquartered in Gujarat, India.

2014 | Anand, Gujarat (India) | Active
Last Updated:

Solex Energy Profile

Key Indicators

  • Authorised Capital ₹ 11.00 Cr
  • Paid Up Capital ₹ 10.80 Cr
  • Company Age 10 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 130.76 Cr
  • Satisfied Charges ₹ 162.26 Cr
  • Revenue Growth 126.11%
  • Profit Growth 174.39%
  • Ebitda 510.06%
  • Net Worth 7.39%
  • Total Assets 88.62%

About Solex Energy

Solex Energy Limited (SEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 13 October 2014 and has a history of Ten years and five months. Its registered office is in Anand, Gujarat, India.

It is listed on the National Stock Exchange(NSE) under the ticker symbol SOLEX.

The Corporate was formerly known as Solex Energy Private Limited. The Company is engaged in the Consumer Electronics & Durables 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 11.00 Cr and a paid-up capital of Rs 10.80 Cr.

The company currently has active open charges totaling ₹130.76 Cr. The company has closed loans amounting to ₹162.26 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Solex Energy Limited India are Kiran Shah as CFO and Azmin Chiniwala as Company Secretary. Kalpeshkumar Patel, Vipul Shah, Kamlesh Yagnik, and Six other members serve as directors at the Company.

Company Details

  • Location

    Anand, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

  • Apps

Corporate Identity Details

  • CIN/LLPIN

    L40106GJ2014PLC081036

  • Company No.

    081036

  • Stock Symbol

    NSE : SOLEX

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Oct 2014

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Ahmedabad

Industry

Consumer Electronics & Durables
Energy and Power

What products or services does Solex Energy Limited offer?

Solex Energy Limited offers a wide range of products and services, including Street, Flood and Commercial Lights, Street Lights, Solar & Renewable Energy Products, Solar Lighting, Solar System Components.

Company report

Solex Energy Limited

Explore comprehensive data for Solex Energy Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Solex Energy?

Executive Team (3)

NameDesignationAppointment DateStatus
Kiran Shah Country flag representing In CFO08-Jun-2021Current
Chetan Shah Country flag representing In Managing Director08-Jun-2021Current
Azmin Chiniwala Company Secretary13-Feb-2024Current

Board Members (7)

NameDesignationAppointment DateStatus
Vipul Shah Country flag representing In Director 15-Jul-2021Current
Kamlesh Yagnik Country flag representing In Director 03-Mar-2021Current
Kalpeshkumar Patel Country flag representing In Whole-Time Director 13-Oct-2014Current
Rajeshbhai Patel Country flag representing In Director 24-Oct-2017Current
Piyush Chandak Country flag representing In Whole-Time Director 08-Jun-2021Current
Amitkumar Trivedi Country flag representing In Director 12-Dec-2022Current

Financial Performance of Solex Energy.

Solex Energy Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 126.11% increase. The company also saw a substantial improvement in profitability, with a 174.39% increase in profit. The company's net worth moved up by a moderate rise of 7.39%.

Solex Energy revenue growth over time
Solex Energy 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
126.11%
Revenue from Operations
123.58%
Total Assets
88.62%
Profit or Loss
174.39%
Net Worth
7.39%
EBITDA
510.06%

What is the Ownership and Shareholding Structure of Solex Energy?

In 2023, Solex Energy had a promoter holding of 70.65% and a public holding of 29.35%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹130.76 Cr

Satisfied Charges

₹162.26 Cr

Charges Breakdown by Lending Institutions

  • Sbicap Trustee Company Limited : 120.39 Cr
  • Others : 5.32 Cr
  • Tata Capital Financial Services Limited : 5.00 Cr
  • Hdfc Bank Limited : 0.05 Cr

Latest Charge Details

DateLenderAmountStatus
27 Dec 2023Tata Capital Financial Services Limited₹5.00 CrOpen
22 Mar 2023Others₹3.24 MOpen
30 Dec 2022Others₹5.00 CrOpen
02 Jun 2022Sbicap Trustee Company Limited₹120.39 CrOpen
20 May 2022Hdfc Bank Limited₹0.50 MOpen

How Many Employees Work at Solex Energy?

Solex Energy has a workforce of 38 employees as of Oct 21, 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 Solex Energy Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Solex Energy, 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 Solex Energy'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 Solex Energy

Recent activity within the organization

  • Annual General Meeting

    Solex Energy Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Solex Energy Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge registered on 05 Dec 2023 via Charge ID 100830207 with State Bank Of India was fully satisfied on 18 Mar 2024.

  • Charges

    A charge with Sbicap Trustee Company Limited of Rs. 120.39 Cr registered on 02 Jun 2022 with Charge ID 100586559 was modified on 13 Feb 2024.

  • Director Appointment

    Azmin Mehrzin Chiniwala was appointed as a Company Secretary was appointed as a Company Secretary on 13 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Charges

    A charge registered on 11 Dec 2023 via Charge ID 100837873 with Others was fully satisfied on 08 Feb 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Solex Energy Limited?

    Solex Energy Limited was incorporated on 13 Oct 2014.

  • What is authorized share capital and paid-up capital of Solex Energy Limited?

    The authorized share capital of Solex Energy Limited is ₹ 11.00 Cr and paid-up capital is ₹ 10.80 Cr.

  • Who are the current board members & directors of Solex Energy Limited?

    Currently 11 directors are associated with Solex Energy Limited.

    • Kalpeshkumar Ramanbhai Patel
    • Vipul Mulchand Shah
    • Kamlesh Pravin Yagnik
    • Rajeshbhai Tulsibhai Patel
    • Piyush Kailashchandra Chandak
    • Kiran Ritesh Shah
    • Kiran Ritesh Shah
    • Amitkumar Dalpatram Trivedi
    • Chetan Sureshchandra Shah
    • Anil Rathi
    • Azmin Mehrzin Chiniwala

  • What is the registered address of Solex Energy Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Solex Energy Limited is Plot No. 131/A Phase 1 Nr. Krimy Industries, Gidc India, Vithal Udyognagar, Gujarat, 388121.

  • What is the corporate identification number (CIN) and company number of Solex Energy Limited?

    The corporate identification number (CIN) of Solex Energy Limited is L40106GJ2014PLC081036 and the company number is 081036 as per Ministry of Corporate Affairs (MCA).

  • Is Solex Energy Limited registered with any stock exchange in India?

    Yes, Solex Energy Limited is registered on National Stock Exchange (NSE).

  • What is the official website of Solex Energy Limited?

    The Official website of Solex Energy Limited is https://www.solex.in

  • What has been the recent revenue trend for Solex Energy Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Solex Energy Limited has risen by 126.11%.

  • How many employees does Solex Energy Limited currently have?

    As Per 2023 financial reports, 38 employees are currently employed by Solex Energy Limited.

  • What change has been observed in the net worth of Solex Energy Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Solex Energy Limited has experienced an upsurge of 7.39%.

  • What are the total open charges for Solex Energy Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Solex Energy Limited amount to ₹ 130.76 Cr.

  • When was the last Balance Sheet of Solex Energy Limited filed with the ROC?

    The most recent Balance Sheet for Solex Energy Limited was filed with the ROC on 31 Mar 2024.

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