About Mars Associates
Mars Associates is a Transportation, Automotive & Logistics company based in Gurugram (India). It manufactures automotive components and home appliances using precision techniques. It operates on a B2B and Manufacturing Contracts model in Transportation, Automotive & Logistics and Chemicals & Materials sectors. The company has 88 employees. Its Indian entity Mars Associates Private Limited reported revenue of ₹60.31 Cr. Mars Associates offers products and services including Die Mould Making, Pressure Die Casting, Precision Machining, Surface Treatment, and Solid Carbide Tools. Its focus areas include Industrial Manufacturing, Automotive Components, Precision Parts and Die Casting. Its competitors include UNO Minda and Rane Group; 1 of its 2 listed competitors has raised funding.
Company details
Mars Associates Produces Diverse Components For The Automobile Industry, Auto Electricals, And Home Appliances Through Processes Like Die Mould Making, Pressure Die Casting, And Precision Machining. Based In Gurugram, Haryana, India, They Focus On Quality Manufacturing And Serve Industrial Clients With Reliable Services.
- Headquarters Gurugram, India
- Employees 88
- SectorsTransportation, Automotive & LogisticsChemicals & Materials
- Email••••••••
- Website marsautocomponents.com
- Legal Name Mars Associates Private Limited
- Date of Incorporation 24 May, 1983
- Jurisdiction Delhi, India
- Annual Revenue₹60.31 Cr
FY 2025 · +40% YoY
- Net Profit₹8.49 Cr
FY 2025 · 14% margin
- EBITDA₹12.00 Cr
FY 2025 · 20% margin
- Employee Count88
Associated legal entities of Mars Associates
Mars Associates operates through Mars Associates Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mars Associates Private Limited CIN U74899DL1983PTC015786 | Active | 24 May 1983 | Delhi, Delhi | ₹60.3 Cr | 88 | 4 | View details |
Products & Services of Mars Associates
Mars Associates offers a comprehensive portfolio of products and services, including Die Mould Making, Pressure Die Casting, Precision Machining, Surface Treatment, and Solid Carbide Tools.
Service for creating dies and moulds for industrial components
Process for producing metal components with high precision
Technique for accurate shaping of automotive parts
Method for enhancing component durability and appearance
Production of durable tools for machining applications
Process for casting materials into continuous forms
Board of directors of Mars Associates Private Limited (Mars Associates)
Mars Associates Private Limited is the primary company behind Mars Associates. The board of Mars Associates Private Limited currently have 4 directors; the longest-serving is Mukesh Goel, appointed in 1983. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mukesh Goel DIN 00810820 | Director | 24 May 1983 | 43 yrs 5 mo | Mars Associates Private Limited |
| Lakshmi Narain Goel DIN 02425369 | Director | 24 May 1983 | 43 yrs 5 mo | Mars Associates Private Limited |
| Parvati Goel DIN 02448495 | Director | 24 May 1983 | 43 yrs 5 mo | Mars Associates Private Limited |
| Lakshay Goel DIN 08888950 | Whole-time director | 22 Sep 2020 | 6 yrs 1 mo | Mars Associates Private Limited |
Financials of Mars Associates
Figures of Mars Associates Private Limited, the primary company behind Mars Associates, for FY 2025. Revenue was ₹60.31 Cr (+40% year on year). Net profit was ₹8.49 Cr (14% margin). EBITDA was ₹12.00 Cr (20% margin). Revenue has grown at a compounded annual rate of +28% over three years and +20% over five years.
- ₹60.31 CrRevenue · FY 2025 · +40% YoY
- ₹8.49 CrNet profit · 14% margin
- ₹12.00 CrEBITDA · 20% margin
- ₹43.4 LakhPaid-up capital
- 88Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- +20%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mars Associates Private Limited are on its company page.
Detailed financial statements for Mars Associates
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Mars Associates
Mars Associates has 2 listed competitors in our database, 1 of them funded. They include UNO Minda and Rane Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| unominda.com | 1958 | Gurugram, India | $259.53M | 2,509 | Manufacturer and supplier of major auto components to OEMs and tier 1 companies | |
| ranegroup.com | 1929 | Chennai, India | 172 | Major auto components are manufactured and supplied to OEMs. |
Detailed competitors of Mars Associates
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Mars Associates (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Frequently Asked Questions about Mars Associates
Mars Associates is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Mars Associates has 88 employees.
The primary company behind Mars Associates, Mars Associates Private Limited, reported revenue of ₹60.31 Cr for FY 2025, up 40% year on year.
Mars Associates Produces Diverse Components For The Automobile Industry, Auto Electricals, And Home Appliances Through Processes Like Die Mould Making, Pressure Die Casting, And Precision Machining. Based In Gurugram, Haryana, India, They Focus On Quality Manufacturing And Serve Industrial Clients With Reliable Services.
Mars Associates's top competitors include UNO Minda and Rane Group.
Mars Associates offers Die Mould Making, Pressure Die Casting, Precision Machining, Surface Treatment, and 2 more products and services.
Mars Associates operates through Mars Associates Private Limited.
The legal entities of Mars Associates currently have 4 directors, including Mukesh Goel, Lakshmi Narain Goel, Parvati Goel and others.