Solara Active Pharma Sciences Limited - Due diligence report

A 360° intelligence report on Solara: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…

2017-02-23 Thane, Maharashtra Active Listed Active Compliant
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Solara — 360° Intelligence Report

Generated from MCA filings & public records
64/100
Trust Score
Moderate

Solara is assessed as Moderate with a Trust Score of 64/100. Solara is an active public limited indian non-government company incorporated in 2017, operating in the Pharma sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and low financial risk profile.

Report generated on 16 Nov 2026 from the latest processed filings. Solara Active Pharma Sciences Limited snapshot & full profile →

Overall Assessment CautionWeakNeutralGoodStrong Good

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 & explainable
Trust ScoreModerate
64/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
30/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores 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: 70/100 Moderate
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 38%).
  • Profitable - internal accruals available.
  • Externally credit-rated (A2).

Charges position: 6 open (1,199.02 cr) · 21 satisfied (2,480.69 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others18 48.0 cr
Hdfc Bank Limited3 48.0 cr
State Bank Of India2 48.0 cr
Yes Bank Limited3 48.0 cr
Axis Bank Limited1 48.0 cr
Compliance Score: 30/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2025).
  • Flagged by authority: BSE.
  • Litigation present in 4 court forum(s).
  • Delayed payments to MSME suppliers disclosed (1 disclosure(s)).
  • 6 active GST registration(s).
Legal cases on record (4)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
Rajiv Vijay Nabar 01234567 Director 01/04/2018 6 yrs Approved
RAMAKRISHNAN RAJAGOPAL 01234567 Director 01/04/2018 6 yrs Approved
MOHANRAJ SANJEEVI 01234567 Director 01/04/2018 6 yrs Approved
Poorvank Purohit 01234567 Director 01/04/2018 6 yrs Approved
SUDDAPALLI MURALIKRISHNA 01234567 Director 01/04/2018 6 yrs Approved
MANISH GUPTA 01234567 Director 01/04/2018 6 yrs Approved
RAJENDRA KUMAR SRIVASTAVA 01234567 Director 01/04/2018 6 yrs Approved
KAUSALYA SANTHANAM 01234567 Director 01/04/2018 6 yrs Approved
ARUN KUMAR PILLAI 01234567 Director 01/04/2018 6 yrs Approved
Sandeep Shashikantha Rao 01234567 Director 01/04/2018 6 yrs Approved
Sandeep Shashikantha Rao 01234567 Director 01/04/2018 6 yrs Approved
Sarat Kumar Asuri 01234567 Director 01/04/2018 6 yrs Approved
Sarat Kumar Asuri 01234567 Director 01/04/2018 6 yrs Approved
  • 13 directors on the board.
  • No disqualified or deactivated DINs.
  • 3 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2025 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
2
Group entities
2
Capital events
15 allotment(s) · 0 transfer(s)

Promoters hold the largest single block of equity - exact percentages are part of the full report.

Group entityRelationship% held
CHEMSYNTH LABORATORIES PRIVATE LIMITED Subsidiary Company 74.00%

Key managerial personnel: MOHANRAJ SANJEEVI (Whole-time director) · Poorvank Purohit (CEO) · Sandeep Shashikantha Rao (Managing Director) · Sarat Kumar Asuri (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 75
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Net margin improved to 2.1x.
EPFO headcount growing - hiring signal.
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (30/100).
6 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 2.47 cr.
4 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence54/100
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 assessment62/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 6 open charge(s) of 1,199.02 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view66/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
24 Jul 2026
Charge created
Others - 31.52 cr
11 May 2026
Charge satisfied
Others
01 Jan 2026
Director appointed
MOHANRAJ SANJEEVI (Whole-time director)
25 Sep 2025
Last AGM held
Annual general meeting
02 Apr 2025
Director appointed
Sandeep Shashikantha Rao (Ceo)
Director appointed
Sarat Kumar Asuri (Cfo)
31 Mar 2025
Latest balance sheet
Filed with ROC
21 Feb 2025
Director appointed
Sandeep Shashikantha Rao (Managing Director)
Director appointed
Sarat Kumar Asuri (CFO)
Director ceased
POORVANK PUROHIT
30 Jan 2025
Charge created
Others - 75.00 cr
22 Jul 2024
Director appointed
MANISH GUPTA (Director)
05 Apr 2024
Director ceased
MOHAN MUTHUNARAYANAN
15 Feb 2024
Director ceased
PATRI VENKAT RAGHAVENDRA RAO
14 Nov 2023
Director appointed
Rajiv Vijay Nabar (Director)
10

Key Observations

Auto-generated from the data above
Revenue declined 24% over the last 4 financial year(s).
Net profit margin moved from 0.86 to 61%.
Debt-to-equity stands at 38% - manageable leverage.
Net worth is positive.
13 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 2 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A2 from Crisil.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold the largest single block of equity as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 15 security allotment(s) - amounts available in the full report.
Approximately 15 employees on EPFO payroll records.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Nocil L99999MH1961PLC012003 Mumbai, Maharashtra, India
Grauer & Weil India L74999MH1957PLC010975 Mumbai, Maharashtra, India
Asianpaintsppg U24110MH2011PTC220557 Goregaon West, Maharashtra, India
Adventz U52202GA2019PLC014150 Zuaringar, Goa, India
Ami L24100GJ2007PLC051093 Surat, Gujarat, India
Coronaremedies L24231GJ2004PLC044656 Daskroi, Gujarat, India
Indigo Paints L24114PN2000PLC014669 Pune, Maharashtra, India
Pocl Enterprises L52599TN1988PLC015731 Chennai, Tamil Nadu, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Solara before audits and certifications: compliance score 30/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Solara: 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: Mixed indicators - deeper appraisal suggested. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Solara - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 64/100, distress signals and MSME payment-delay disclosures - know whether Solara pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Solara - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Solara an active company?

Solara has MCA status “Active” with a compliance score of 30/100 (Caution Indicated).

Is Solara financially healthy?

Solara has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.

Should I do business with Solara?

Its overall Trust Score is 64/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Solara?

Promoters hold the largest single block of equity - exact percentages are in the full report. 13 active director(s) are on record.

Does Solara have loans or charges against its assets?

6 open charge(s) are registered against its assets, and 21 earlier charge(s) stand satisfied.

Is Solara up to date with its ROC filings?

Balance sheet slightly behind (Mar 2025). Overall compliance score: 30/100 (Caution Indicated).

Is it risky to lend to Solara?

Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

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.