Promoter holding
64.27%
SB
Solana Biofuels Limited - Due diligence report
A 360° intelligence report on Sol: trust score, financial health, credit view, compliance, directors, growth and distress signals - generate…
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Sol — 360° Intelligence Report
Generated from MCA filings & public records58/100
Trust Score
Moderate
Sol is assessed as Moderate with a Trust Score of 58/100. Sol is an active public limited indian non-government company incorporated in 1998, operating in the Telecom sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Solana Biofuels Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
58/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
40/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
50/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
25/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
90/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Standalone · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 25/100 Caution Indicated
- Liabilities ≈ 38% EBITDA - stretched.
- Open charges exceed net worth - secured lenders rank ahead.
- Elevated gearing (D/E 1.42).
- Working-capital cover adequate.
Charges position: 2 open (77.97 cr) · 16 satisfied (362.39 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Bank Of India | 7 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
| Central Bank Of India | 4 | 48.0 cr |
| Axis Bank | 2 | 48.0 cr |
| Icici Bank Ltd | 1 | 48.0 cr |
| State Bank Of Hyderabad | 1 | 48.0 cr |
Compliance Score: 40/100 Caution Indicated
- Company status is Active as per MCA.
- Balance sheet slightly behind (Mar 2024).
- Flagged by authority: BSE, NCLT.
- 1 auditor resignation(s) filed - latest: PCN & ASSOCIATES on 2021-08-14.
- Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
- 4 active GST registration(s).
05
Director Intelligence
Stability score: 40/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| PALAKUNNATH THEKKADANCHERI SURESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DEVAIAH PAGIDIPATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BRIJMOHAN VENKATA MANDALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SARAT YENIGALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UPADYAYULA UMA VIGHNESWARA RAVIKANTH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BABU RAYAVARAPU NARESH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| UPADYAYULA UMA VIGHNESWARA RAVIKANTH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIVYA SUNITHA RAJ BURRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAHULDEV PAGIDIPATI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Babu Rayavarapu Naresh | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Rayavarapu Naresh Babu | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Shravya Kondapalli | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- UPADYAYULA UMA VIGHNESWARA RAVIKANTH has DIN status "Deactivated due to non-filing of DIR-3 KYC".
- 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
-
Group entities
-
Capital events
2 allotment(s) · 1 transfer(s)
| Group entity | Relationship | % held |
|---|---|---|
| Southern Biofe Biofuels Private Limited | Subsidiary Company | 74.00% |
Key managerial personnel: DEVAIAH PAGIDIPATI (Managing Director) · UPADYAYULA UMA VIGHNESWARA RAVIKANTH (CFO) · UPADYAYULA UMA VIGHNESWARA RAVIKANTH (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 90 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Asset base grew 0.86 - capacity expansion.
EPFO headcount growing - hiring signal.
Operating for 27+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Outside liabilities up 61% in a year.
Compliance score is weak (40/100).
2 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.14 Lakh.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence57/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment36/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 77.97 cr already registered.
- Compliance gaps should be priced into terms.
Investor view68/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management churn warrants questions.
09
MCA Filings & Events Timeline
Latest 15 events14 Nov 2025
Director appointed
Shravya Kondapalli (Additional Director)
30 Sep 2024
Last AGM held
Annual general meeting
29 Sep 2024
Director ceased
PALAKUNNATH THEKKADANCHERI SURESH
03 Sep 2024
Director appointed
PALAKUNNATH THEKKADANCHERI SURESH (Director)
14 Jul 2024
Director ceased
SARAT YENIGALLA
Director ceased
RAHULDEV PAGIDIPATI
30 May 2024
Director appointed
SARAT YENIGALLA (Director)
24 Apr 2024
Director appointed
RAHULDEV PAGIDIPATI (Director)
20 Apr 2024
Director appointed
Babu Rayavarapu Naresh (Company Secretary)
Director appointed
Rayavarapu Naresh Babu (Company Secretary)
10 Apr 2024
Director appointed
BABU RAYAVARAPU NARESH (Company Secretary)
31 Mar 2024
Latest balance sheet
Filed with ROC
29 Jun 2022
Charge created
Hdfc Bank Limited - 77.88 cr
30 Sep 2021
Director ceased
KOLLI SRIKANTH REDDY
31 Dec 2020
Director ceased
DEVAIAH PAGIDIPATI
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
12 active director(s) / partner(s); review board churn before relying on management continuity.
4 active GST registration(s) indicate ongoing business operations.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 2 security allotment(s) - amounts available in the full report.
| Company | CIN | Location |
|---|---|---|
| Ahir Salt And Allied Products Private Limited | U14220GJ1990PTC013645 | Gandhidham, Gujarat, India |
| Pee Cee Cosma Sope | L24241UP1986PLC008344 | Agra, Uttar Pradesh, India |
| Murli Krishna Pharma | U24230PN2004PTC206917 | Pune, Maharashtra, India |
| Lasa Supergenerics | L24233MH2016PLC274202 | Khed, Maharashtra, India |
| Bafna Pharma | L24294TN1995PLC030698 | Madras 600 001, Tamil Nadu, India |
| Prime Pharmaceuticals Private Limited | U24231MH1995PTC092543 | Mumbai, Maharashtra, India |
| Shivalik Rasayan | L24237UR1979PLC005041 | Dehradun, Uttarakhand, India |
| Sanzyme | U24235TG1969PTC001282 | Khairatabad, Telangana, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Sol before audits and certifications: compliance score 40/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Sol: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 25/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 90/100, margin trends, ownership structure and peer set for Sol - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 58/100, distress signals and MSME payment-delay disclosures - know whether Sol pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Sol - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Sol an active company?
Sol has MCA status “Active” with a compliance score of 40/100 (Caution Indicated).
Is Sol financially healthy?
Sol has a Financial Health Score of 50/100 (Moderate) based on its filed financial statements.
Should I do business with Sol?
Its overall Trust Score is 58/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Sol?
See the directors and ownership sections above for board and shareholding detail. 12 active director(s) are on record.
Does Sol have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 16 earlier charge(s) stand satisfied.
Is Sol up to date with its ROC filings?
Balance sheet slightly behind (Mar 2024). Overall compliance score: 40/100 (Caution Indicated).
Is it risky to lend to Sol?
Its Credit Risk Score is 25/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
