Mahindra Electric Mobility Limited logo

Mahindra Electric Mobility Limited

Designs and manufactures compact EVs, sells EV kits and vehicles, incorporated in 1996.
1996 | Mumbai, Maharashtra (India) | Merged

Last Updated:

January 18, 2025
HomeCompanyMahindra Electric Mobility Limited

Who are the key members and board of directors at Mahindra Electric Mobility?

Executive Team (3)

NameDesignationAppointment DateStatus
Ashish Lath InCFOCurrent
Jignesh Parikh InCompany Secretary10-May-2021Current
Suman MishraCEO23-Aug-2021Current

Board Members(7)

NameDesignationAppointment DateStatus
Ruzbeh Irani In Director 22-Jan-2018Current
Rajesh Jejurikar In Director 21-Jan-2021Current
Ravindra Dhariwal In Director 19-Apr-2017Current
Nikhilesh Panchal In Director 26-Apr-2022Current
Vijay Nakra In Director 06-May-2020Current
Suman Mishra In Director 13-Jul-2021Current

Financial Performance of Mahindra Electric Mobility.

Mahindra Electric Mobility Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 110.28% increase. The company also saw a substantial improvement in profitability, with a 34.17% increase in profit. The company's net worth observed a substantial decline by a decrease of 26.33%.

Revenue Growth Graph
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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
110.28%
Revenue from Operations
117.15%
Total Assets
25.56%
Profit or Loss
34.17%
Net Worth
-26.33%
EBITDA
85.74%

Related Corporates (Common Directorship)

Charges (Loans)

Satisfied Charges

₹64.85 Cr

LenderAmountStatus

Export-Import Bank Of India

Creation Date: 23 Dec 2010
₹50.00 CrSatisfied

Icici Bank Limited

Creation Date: 03 Aug 2004
₹1.50 CrSatisfied

Karnataka State Financial Coporation

Creation Date: 05 Aug 2002
₹1.20 CrSatisfied

How Many Employees Work at Mahindra Electric Mobility?

Mahindra Electric Mobility has a workforce of 420 employees as of Apr 06, 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.

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Latest Updates, News, and FAQs on Mahindra Electric Mobility

Recent activity within the organization

  • Annual General Meeting

    Mahindra Electric Mobility Limited last Annual general meeting of members was held on 22 Jul 2022 as per latest MCA records.

    22 Jul 2022

  • Director Appointment

    Nikhilesh Natwarlal Panchal was appointed as a Director was appointed as a Director on 26 Apr 2022 & has been associated with this company since 2 years 8 months .

    26 Apr 2022

  • Balance Sheet

    Mahindra Electric Mobility Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Mumbai.

    31 Mar 2022

  • Director Appointment

    Amit Kumar Sinha was appointed as a Director was appointed as a Director on 23 Aug 2021 & has been associated with this company since 3 years 5 months .

    23 Aug 2021

  • Director Appointment

    Suman Laxmidhar Mishra was appointed as a Ceo was appointed as a Ceo on 23 Aug 2021 & has been associated with this company since 3 years 5 months .

    23 Aug 2021

  • Director Appointment

    Suman Laxmidhar Mishra was appointed as a Director was appointed as a Director on 13 Jul 2021 & has been associated with this company since 3 years 6 months .

    13 Jul 2021

Recent News, Updates & Announcement

  • news
  • news
    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
    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
    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
    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

  • news

Frequently asked questions

  • Mahindra Electric Mobility Limited was incorporated on 02 Apr 1996.

  • The authorized share capital of Mahindra Electric Mobility Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 726.17 Cr.

  • Currently 10 directors are associated with Mahindra Electric Mobility Limited.

    • Ashish Lath
    • Ravindra Dhariwal
    • Nikhilesh Natwarlal Panchal
    • Rajesh Ganesh Jejurikar
    • Ruzbeh Baman Irani
    • Vijay Ramswaroop Nakra
    • Suman Laxmidhar Mishra
    • Amit Kumar Sinha
    • Jignesh Ashok Parikh
    • Suman Laxmidhar Mishra
  • As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra Electric Mobility Limited is Mahindra Towers Dr G.M.Bhosale Marg P.K. Kurne Chowk Worli, India, Mumbai, Maharashtra, 400018.

  • The corporate identification number (CIN) of Mahindra Electric Mobility Limited is U34101MH1996PLC325507 and the company number is 325507 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Mahindra Electric Mobility Limited is https://www.mahindraelectric.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Mahindra Electric Mobility Limited has risen by 110.28%.

  • As Per 2022 financial reports, 420 employees are currently employed by Mahindra Electric Mobility Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Mahindra Electric Mobility Limited has experienced an downturn of -26.33%.

  • The most recent Balance Sheet for Mahindra Electric Mobility Limited was filed with the ROC on 31 Mar 2022.

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