Mahindra Defence Systems Limited

Develops, manufactures, and trades up-armor products for vehicles, providing security and comfort for VIPs and security forces.

2012 | Mumbai, Maharashtra (India) | Active
Last Updated: November 16, 2024

Mahindra Defence Systems Profile

Key Indicators

  • Authorised Capital ₹ 315.00 Cr
  • Paid Up Capital ₹ 16.72 Cr
  • Company Age 12 Year, 6 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 850.00 Cr
  • Satisfied Charges ₹ 338.00 Cr
  • Revenue Growth -14.03%
  • Profit Growth -24.72%
  • Ebitda -25.39%
  • Net Worth 11.30%
  • Total Assets 12.02%

About Mahindra Defence Systems

Mahindra Defence Systems Limited (MDSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 30 July 2012 and has a history of 12 years and six months. Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Aerospace, Maritime And Defense 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 315.00 Cr and a paid-up capital of Rs 16.72 Cr.

The company currently has active open charges totaling ₹850.00 Cr. The company has closed loans amounting to ₹338.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Mahindra Defence Systems Limited India are Mukul Verma as CFO and Ashvin Patni as Company Secretary. Abanti Sankaranarayanan, Ruzbeh Irani, Devendra Bhatnagar, and Two other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U75220MH2012PLC233889

  • Company No.

    233889

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 Jul 2012

  • Date of AGM

    16 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Aerospace, Maritime and Defense
Business Outsourcing
Information Technology

Who are the key members and board of directors at Mahindra Defence Systems?

Executive Team (3)

NameDesignationAppointment DateStatus
Vinod Sahay Country flag representing In Managing Director13-Feb-2024Current
Mukul Verma Country flag representing In CFO26-Mar-2014Current
Ashvin Patni Company Secretary25-Jan-2023Current

Board Members (4)

NameDesignationAppointment DateStatus
Ruzbeh Irani Country flag representing In Director 16-Mar-2018Current
Devendra Bhatnagar Country flag representing In Whole-Time Director 01-Oct-2019Current
Abanti Sankaranarayanan Country flag representing In Director 28-Oct-2022Current
Raveeswaran Nagarajan Whole-Time Director 12-Aug-2024Current

Financial Performance of Mahindra Defence Systems.

Mahindra Defence Systems Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 14.03% decrease. The company also saw a substantial fall in profitability, with a 24.72% decrease in profit. The company's net worth Soared by an impressive increase of 11.3%.

Graph illustrating revenue growth over time
Graph showing 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
-14.03%
Revenue from Operations
-14.85%
Total Assets
12.02%
Profit or Loss
-24.72%
Net Worth
11.30%
EBITDA
-25.39%

What is the Ownership and Shareholding Structure of Mahindra Defence Systems?

In 2023, Mahindra Defence Systems had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹850.00 Cr

Satisfied Charges

₹338.00 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 650.00 Cr
  • Axis Bank Limited : 200.00 Cr

Latest Charge Details

DateLenderAmountStatus
13 Sep 2021Axis Bank Limited₹200.00 CrOpen
01 Nov 2013Hdfc Bank Limited₹650.00 CrOpen
11 Jan 2016Hdfc Bank Limited₹292.00 CrSatisfied
14 Nov 2013Hdfc Bank Limited₹26.00 CrSatisfied
25 Nov 2010Hdfc Bank Limited₹20.00 CrSatisfied

How Many Employees Work at Mahindra Defence Systems?

Mahindra Defence Systems has a workforce of 523 employees as of Apr 09, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mahindra Defence Systems, 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 Mahindra Defence Systems'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 Mahindra Defence Systems

Recent activity within the organization

  • Director Appointment

    Raveeswaran Nagarajan was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 12 Aug 2024 & has been associated with this company since 5 months 20 days .

    12 Aug 2024

  • Annual General Meeting

    Mahindra Defence Systems Limited last Annual general meeting of members was held on 16 Jul 2024 as per latest MCA records.

    16 Jul 2024

  • Charges

    A charge registered on 14 Nov 2013 via Charge ID 10469448 with Hdfc Bank Limited was fully satisfied on 03 Jun 2024.

    03 Jun 2024

  • Charges

    A charge registered on 25 Nov 2010 via Charge ID 10258928 with Hdfc Bank Limited was fully satisfied on 03 Jun 2024.

    03 Jun 2024

  • Balance Sheet

    Mahindra Defence Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Director Appointment

    Vinod Kumar Sahay was appointed as a Managing Director was appointed as a Managing Director on 13 Feb 2024 & has been associated with this company since 11 months 18 days .

    13 Feb 2024

Recent News, Updates & Announcement

  • News icon
    Mahindra & Adani Partner to Expand EV Charging Network Across India, Tata Power and Oil Companies Join In.

    Mahindra & Mahindra, a car company, teamed up with Adani Total Energies E-Mobility to build electric vehicle charging stations all over India. This will make it easier for people to charge their electric cars and help India reach its climate goals. Mahindra XUV400 owners can now access over 1,100 chargers through the Bluesense+ app. Tata Power is also installing over 500 charging points across India, with a market share of 60%. Oil companies are also starting to offer EV charging at their petrol pumps..

    21 Mar 2024 Business Today

  • News icon
    Mahindra & Mahindra and Adani Total Energies Team Up to Bring Electric SUVs to India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.

    Mahindra & Mahindra + Adani Total Energies = SUVs go electric in India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.

    21 Mar 2024 Blogger

  • News icon
    Bandhan Bank and M&M sign MoU to offer attractive commercial vehicle and equipment financing solutions.

    Mumbai, March 19, 2024:  Bandhan Bank, one of India’s fastest-growing private sector banks has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra, a leading commercial vehicle manufacturer of the country, to offer convenient fina.

    20 Mar 2024 OdishaDiary

  • News icon
    Thrust Zone.

    Mahindra, which has recently spent a lot of time at the trademark office, has registered other names, which could be used for its upcoming electric cars. XUV 7XO, XUV 1X0, XUV 5XO, XUV 3XO. The XUV 3XO can be used for the Mahindra XUV400 facelift scheduled to launch this year. But since this model is already in the market, Mahindra can launch a sub-4 meter version of the XUV400 and use the new name, which is said to be in the making. The above names refer to electric vehicle models already on the market (XUV400) or introduced by the car manufacturer (XUV e8). But the remaining two names – XUV 5XO and XUV 1XO – could indicate upcoming electric models from Mahindra. The XUV 5XO is expected to be a Creta-sized electric SUV, a rival to the upcoming MG ZS EV and Tata Curvv EV. The only electric SUV in India. With these 4 models, Mahindra will have an electric SUV in all popular SUV segments. XUV 1X0 will be the KUV 100 Electric which almost saw a launch and was forgotten entirely after 2021. Also announced and launched in 2022, Mahindra has announced a new line of all-electric SUVs – the BE series. They must have the same name assigned to them at presentation time. The BE 05, BE 07 and BE 09 will be stand-alone models and will be different from other Mahindra electric vehicles as they will be built on a new dedicated platform as part of the Born Electric range. The electric version of the Mahindra XUV700 is expected to launch later this year. As for the BE series, BE 05, scheduled to launch at the end of 2025, will be the first product in this product line to enter the market..

    14 Mar 2024 Thrust Zone

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Frequently asked questions

  • Mahindra Defence Systems Limited was incorporated on 30 Jul 2012.

  • The authorized share capital of Mahindra Defence Systems Limited is ₹ 315.00 Cr and paid-up capital is ₹ 16.72 Cr.

  • Currently 7 directors are associated with Mahindra Defence Systems Limited.

    • Abanti Sankaranarayanan
    • Ruzbeh Baman Irani
    • Devendra Bhatnagar
    • Vinod Kumar Sahay
    • Raveeswaran Nagarajan
    • Mukul Verma
    • Ashvin Patni
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra Defence Systems Limited is Mahindra Towers P.K. Kurne Chowk Dr. G. M. Bhosale Marg, Worli India, Mumbai, Maharashtra, 400018.

  • The corporate identification number (CIN) of Mahindra Defence Systems Limited is U75220MH2012PLC233889 and the company number is 233889 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mahindra Defence Systems Limited is https://www.mahindra.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Mahindra Defence Systems Limited has fallen by -14.03%.

  • As Per 2023 financial reports, 523 employees are currently employed by Mahindra Defence Systems Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Mahindra Defence Systems Limited has experienced an upsurge of 11.30%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Mahindra Defence Systems Limited amount to ₹ 850.00 Cr.

  • The most recent Balance Sheet for Mahindra Defence Systems Limited was filed with the ROC on 31 Mar 2024.

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