Solex Energy Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
- Paid Up Capital ₹ 10.80 Cr
- Company Age 10 Year, 4 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 four 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
- Profit and Loss
- Cash Flow
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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 LimitedVipul Shah is a mutual person
V Serve Consultants Private LimitedChetan Shah is a mutual person
Palsana Enviro Protection LimitedAnil Rathi is a mutual person
Nemji Evpv Private LimitedChetan Shah is a mutual person
Micro Informations Private LimitedKamlesh Yagnik is a mutual person
Ventura Airconnect LimitedKamlesh 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.
