Mahindra Solarize Profile
Key Indicators
- Authorised Capital ₹ 42.00 Cr
- Paid Up Capital ₹ 35.39 Cr
- Company Age 3 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 175.00 Cr
- Revenue Growth 8.80%
- Profit Growth -22.15%
- Ebitda -30.55%
- Net Worth 31.21%
- Total Assets -1.83%
About Mahindra Solarize
Mahindra Solarize Private Limited (MSPL) is a Private Limited Indian Non-Government Company incorporated in India on 06 April 2021 (Three years and ten months 25 days old ). Its registered office is in Mumbai, Maharashtra, India.
The Company is engaged in the Environment 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 42.00 Cr and a paid-up capital of Rs 35.39 Cr.
The company currently has active open charges totaling ₹175.00 Cr.
The Key Managerial Personnel (KMP) at Mahindra Solarize Private Limited India are Sanjay Jain as Ceo, Ashish Saboo as Cfo, and Parul Soni as Company Secretary. Kothandaraman Anusha, Ami Goda, Isha Dalal, and Two other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40106MH2021PTC358435
- Company No.
358435
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
06 Apr 2021
- Date of AGM
17 Jul 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Environment
Who are the key members and board of directors at Mahindra Solarize?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sanjay Jain  | CEO | Current | |
| Ashish Saboo | CFO | 14-Aug-2024 | Current |
| Parul Soni | Company Secretary | 10-May-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Isha Dalal | Additional Director | 31-Oct-2024 | Current |
| Kothandaraman Anusha | Director | Current | |
| Ami Goda | Director | 06-Apr-2021 | Current |
| Sanjay Jain | Whole-Time Director and Ceo | Current | |
| Hemant Sikka | Director | Current |
Financial Performance of Mahindra Solarize.
Mahindra Solarize Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.8% increase. The company also saw a substantial fall in profitability, with a 22.15% decrease in profit. The company's net worth Soared by an impressive increase of 31.21%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mahindra Solarize?
In 2023, Mahindra Solarize 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.
Related Corporates (Common Directorship)
Mahindra Hzpc Private LimitedAmi Goda is a mutual person
Mahindra Epc Irrigation LimitedAmi Goda is a mutual person
Gromax Agri Equipment LimitedHemant Sikka is a mutual person
Indian Council On Global RelationsKothandaraman Anusha is a mutual person
Mahindra Insurance Brokers LimitedHemant Sikka is a mutual person
Classic Legends Private LimitedHemant Sikka is a mutual person
Charges (Loans)
Open Charges
₹175.00 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Others : 100.00 Cr
- Axis Bank Limited : 75.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Jan 2023 | Axis Bank Limited | ₹75.00 Cr | Open |
| 30 Dec 2021 | Others | ₹100.00 Cr | Open |
How Many Employees Work at Mahindra Solarize?
Mahindra Solarize has a workforce of 69 employees as of Mar 31, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Mahindra Solarize, 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 Solarize's trajectory.
Rating
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
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 Solarize
Recent activity within the organization
- Director Appointment
Isha Dalal was appointed as a Additional Director was appointed as a Additional Director on 31 Oct 2024 & has been associated with this company since 4 months 1 day .
- Director Appointment
Ashish Saboo was appointed as a Cfo was appointed as a Cfo on 14 Aug 2024 & has been associated with this company since 6 months 18 days .
- Charges
A charge with Others of Rs. 100.00 Cr registered on 30 Dec 2021 with Charge ID 100526186 was modified on 29 Jul 2024.
- Annual General Meeting
Mahindra Solarize Private Limited last Annual general meeting of members was held on 17 Jul 2024 as per latest MCA records.
- Director Appointment
Parul Soni was appointed as a Company Secretary was appointed as a Company Secretary on 10 May 2024 & has been associated with this company since 9 months 22 days .
- Balance Sheet
Mahindra Solarize Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Recent News, Updates & Announcement
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..
- 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.
- 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.
- 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..
Frequently asked questions
What is the Incorporation or founding date of Mahindra Solarize Private Limited?
Mahindra Solarize Private Limited was incorporated on 06 Apr 2021.
What is authorized share capital and paid-up capital of Mahindra Solarize Private Limited?
The authorized share capital of Mahindra Solarize Private Limited is ₹ 42.00 Cr and paid-up capital is ₹ 35.39 Cr.
Who are the current board members & directors of Mahindra Solarize Private Limited?
Currently 8 directors are associated with Mahindra Solarize Private Limited.
- Kothandaraman Anusha
- Ami Goda
- Isha Dalal
- Sanjay Jain
- Sanjay Jain
- Ashish Saboo
- Parul Soni
- Hemant Sikka
What is the registered address of Mahindra Solarize Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mahindra Solarize Private Limited is Mahindra Towers Pandurang Budhkar Marg Nr. Doordarshan Kendra, Worli India, Mumbai, Maharashtra, 400018.
What is the corporate identification number (CIN) and company number of Mahindra Solarize Private Limited?
The corporate identification number (CIN) of Mahindra Solarize Private Limited is U40106MH2021PTC358435 and the company number is 358435 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mahindra Solarize Private Limited?
The Official website of Mahindra Solarize Private Limited is https://www.mahindrasolarize.com
What has been the recent revenue trend for Mahindra Solarize Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mahindra Solarize Private Limited has risen by 8.80%.
How many employees does Mahindra Solarize Private Limited currently have?
As Per 2023 financial reports, 69 employees are currently employed by Mahindra Solarize Private Limited.
What change has been observed in the net worth of Mahindra Solarize Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mahindra Solarize Private Limited has experienced an upsurge of 31.21%.
What are the total open charges for Mahindra Solarize Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mahindra Solarize Private Limited amount to ₹ 175.00 Cr.
When was the last Balance Sheet of Mahindra Solarize Private Limited filed with the ROC?
The most recent Balance Sheet for Mahindra Solarize Private Limited was filed with the ROC on 31 Mar 2024.
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