

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
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.
Who are the key members and board of directors at Solex Energy?
Executive Team (3)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Kiran Shah ![]() | CFO | 08-Jun-2021 | Current |
Chetan Shah ![]() | Managing Director | 08-Jun-2021 | Current |
Azmin Chiniwala | Company Secretary | 13-Feb-2024 | Current |
Board Members (7)
Name | Designation | Appointment Date | Status |
---|---|---|---|
Vipul Shah ![]() | Director | 15-Jul-2021 | Current |
Kamlesh Yagnik ![]() | Director | 03-Mar-2021 | Current |
Kalpeshkumar Patel ![]() | Whole-Time Director | 13-Oct-2014 | Current |
Rajeshbhai Patel ![]() | Director | 24-Oct-2017 | Current |
Piyush Chandak ![]() | Whole-Time Director | 08-Jun-2021 | Current |
Amitkumar Trivedi ![]() | Director | 12-Dec-2022 | Current |
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%.


- Key Matrics
- Balance Sheet
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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.

Related Corporates (Common Directorship)
- Vssk Corpadvise Private Limited
Vipul Shah is a mutual person
- V Serve Consultants Private Limited
Chetan Shah is a mutual person
- Palsana Enviro Protection Limited
Anil Rathi is a mutual person
- Nemji Evpv Private Limited
Chetan Shah is a mutual person
- Micro Informations Private Limited
Kamlesh Yagnik is a mutual person
- Ventura Airconnect Limited
Kamlesh Yagnik is a mutual person
Charges (Loans)
₹130.76 Cr
₹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
Date | Lender | Amount | Status |
---|---|---|---|
27 Dec 2023 | Tata Capital Financial Services Limited | ₹5.00 Cr | Open |
22 Mar 2023 | Others | ₹3.24 M | Open |
30 Dec 2022 | Others | ₹5.00 Cr | Open |
02 Jun 2022 | Sbicap Trustee Company Limited | ₹120.39 Cr | Open |
20 May 2022 | Hdfc Bank Limited | ₹0.50 M | Open |
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.

Deals i

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

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 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.
Recent News, Updates & Announcement
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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