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

Mahindra Electric Mobility Profile

Key Indicators

  • Authorised Capital ₹ 1,000.00 Cr
  • Paid Up Capital ₹ 726.17 Cr
  • Company Age 28 Year, 10 Months
  • Last Filing with ROC 31 Mar 2022
  • Satisfied Charges ₹ 64.85 Cr
  • Revenue Growth 110.28%
  • Profit Growth 34.17%
  • Ebitda 85.74%
  • Net Worth -26.33%
  • Total Assets 25.56%

About Mahindra Electric Mobility

Mahindra Electric Mobility Limited (MEML) is Amalgamated company established on 02 Apr 1996 with its office registered at Mumbai, Maharashtra, India and has been running since 28 Year, 10 Months with a paid up capital of 726.17 Cr. According to MCA records, 7 Directors and 3 Signatories are linked to this company as of 18 Jan 2025.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    U34101MH1996PLC325507

  • Company No.

    325507

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    02 Apr 1996

  • Date of AGM

    22 Jul 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Automotive

What products or services does Mahindra Electric Mobility Limited offer?

Mahindra Electric Mobility Limited offers a wide range of products and services, including E Vehicles, Electric Three Wheeler, Parts and Kits, Motorcycles and Cars, Cars, Commercial Vehicles & Three Wheelers, Mini Truck.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Ashish Lath Country flag representing In CFOCurrent
Jignesh Parikh Country flag representing In Company Secretary10-May-2021Current
Suman Mishra CEO23-Aug-2021Current

Board Members (7)

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

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
110.28%
Revenue from Operations
117.15%
Total Assets
25.56%
Profit or Loss
34.17%
Net Worth
-26.33%
EBITDA
85.74%

What is the Ownership and Shareholding Structure of Mahindra Electric Mobility?

In 2022, Mahindra Electric Mobility had a promoter holding of 98.98% and a public holding of 1.02%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹64.85 Cr

Charges Breakdown by Lending Institutions

  • Export-Import Bank Of India : 50.00 Cr
  • Icici Limited : 7.50 Cr
  • Technology Development Board : 4.65 Cr
  • Icici Bank Limited : 1.50 Cr
  • Karnataka State Financial Coporation : 1.20 Cr

Latest Charge Details

DateLenderAmountStatus
23 Dec 2010Export-Import Bank Of India₹50.00 CrSatisfied
03 Aug 2004Icici Bank Limited₹1.50 CrSatisfied
05 Aug 2002Karnataka State Financial Coporation₹1.20 CrSatisfied
30 Dec 2000Technology Development Board₹4.65 CrSatisfied
13 Mar 2000Icici Limited₹7.50 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mahindra Electric Mobility, 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 Electric Mobility'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 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 9 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 6 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 6 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 7 months .

    13 Jul 2021

Recent News, Updates & Announcement

  • News icon
  • 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

  • News icon

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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