About GrIndMech
GrIndMech is a company based in Bhopal (India) founded in 2017. It operates as a B2B. GrIndMech operates in a competitive market with competitors including Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
- Headquarter Bhopal, India
- SectorsEnergy & Utilities
- Website grindmech.com
- Social X Facebook
- Legal Name Grindmech Technologies Private Limited
- Date of Incorporation 08 Sep, 2018
- Jurisdiction Bhopal, Madhya Pradesh, India
- Annual Revenue₹1.19 Cr
FY 2023 · +2% YoY
- Net Profit₹97,472
FY 2023 · 1% margin
- EBITDA₹1.3 Lakh
FY 2023 · 1% margin
Associated legal entities of GrIndMech
GrIndMech operates through Grindmech Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Grindmech Technologies Private Limited CIN U72900MP2018PTC046501 | Active | 08 Sep 2018 | Bhopal, Madhya Pradesh | ₹1.2 Cr | – | 2 | View details |
Board of directors of Grindmech Technologies Private Limited (GrIndMech)
Grindmech Technologies Private Limited is the primary company behind GrIndMech. The board of Grindmech Technologies Private Limited currently have 2 directors; the longest-serving is Bharti Rayakwar, appointed in 2018. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bharti Rayakwar DIN 07776941 | Director | 08 Sep 2018 | 8 yrs 1 mo | Grindmech Technologies Private Limited |
| Arpana Kumari DIN 07776936 | Director | 08 Sep 2018 | 8 yrs 1 mo | Grindmech Technologies Private Limited |
Financials of GrIndMech
Figures of Grindmech Technologies Private Limited, the primary company behind GrIndMech, for FY 2023. Revenue was ₹1.19 Cr (+2% year on year). Net profit was ₹97,472 (1% margin). EBITDA was ₹1.3 Lakh (1% margin). Revenue has grown at a compounded annual rate of +148% over three years.
- ₹1.19 CrRevenue · FY 2023 · +2% YoY
- ₹97,472Net profit · 1% margin
- ₹1.3 LakhEBITDA · 1% margin
- ₹1 LakhPaid-up capital
- +148%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Grindmech Technologies Private Limited are on its company page.
Detailed financial statements for GrIndMech
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Competitors of GrIndMech
GrIndMech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Borosil Renewables, Servoteh, Nessa, SuKam Solar and HVR Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | – | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | |
| servotech.in | 2004 | Delhi, India | – | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | |
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods | |
| sukam-solar.com | 1998 | Gurugram, India | $10.08M | 97 | Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries | |
| hvrsolar.com | 2016 | Delhi, India | – | 59 | Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | |
| gautamsolar.com | 1997 | Delhi, India | – | 19 | Manufactures solar modules and power plants with high-efficiency technology in India. | |
| ksolare.com | 2012 | Pune, India | – | 52 | Manufactures solar inverters and EV chargers for renewable energy solutions. | |
| dhashtec.com | 2017 | Bengaluru, India | – | 100 | Provides comprehensive solutions for PV junction boxes, connectors, and cables for solar panels. | |
| kosolenergie.com | 2005 | Ahmedabad, India | – | 92 | Manufactures solar products, provides renewable energy systems, and offers EPC services internationally. |
Detailed competitors of GrIndMech
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- Full competitor set
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Similar companies to GrIndMech
10 companies that operate in the same segment as GrIndMech (Renewable Energy Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Manufacturer of smart solar inverters | 2006 | Herzliya, Central District, Israel | USD 96.8 M | USD 1.18 B | 5,630 | |
Solar panel tracking software is provided for monitoring and control. | 2013 | Fremont, California, United States | USD 42.63 M | USD 3.56 B | 1,300 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Full-end solar services are provided to residential and commercial sectors. | 2009 | Charleston, South Carolina, United States | USD 670.36 M | – | – | |
Micro-inverters and energy storage systems are manufactured for solar applications. | 2006 | Fremont, California, United States | USD 100.07 M | USD 1.47 B | 2,780 | |
Producer and supplier of green hydrogen | 2017 | Nantes, Pays De La Loire, France | USD 96.93 M | USD 11.48 M | 199 | |
Online platform for funding solar projects | 2015 | New York, New York, United States | USD 503.95 M | – | 30 | |
Provider of hydrogen production and storage solutions | 1927 | Oslo, Oslo, Norway | – | USD 95.55 M | 409 |
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Frequently Asked Questions about GrIndMech
GrIndMech was founded in 2017.
GrIndMech is headquartered in Bhopal, India. It is registered at Bhopal, Madhya Pradesh, India.
The primary company behind GrIndMech, Grindmech Technologies Private Limited, reported revenue of ₹1.19 Cr for FY 2023, up 2% year on year.
GrIndMech manufactures solar-powered products, including panels and integrated energy systems, focusing on working in the energy sector, promoting renewable energy, solar products, and manufacturing and systems. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
GrIndMech's top competitors include Servoteh, Borosil Renewables and SuKam Solar.
GrIndMech operates through Grindmech Technologies Private Limited.
The legal entities of GrIndMech currently have 2 directors, including Bharti Rayakwar, Arpana Kumari.