About Mechatronik
Mechatronik is an Energy & Utilities company based in Ahmedabad (India) founded in 2010 by Nishant Soni, Priyank Parmar, and Niket Shah. It provides solar engineering, procurement, and construction services for renewable projects. It operates on a B2B model. Its chief executive, as recorded, is Nishant Soni. Its Indian entity Mechatronik Renewables Private Limited reported revenue of ₹4.93 Cr. Mechatronik offers products and services including Solar EPC Services, Residential Solar, Commercial Solar, and Industrial Solar. Its focus areas include Energy, Renewable Energy, Solar and Installation and Maintenance. Similar companies include Fourth Partner Energy, Sterling And Wilson and GREW; 3 of its 3 listed similar companies have raised funding.
Company details
Mechatronik Renewables Pvt. Ltd. specializes in solar energy solutions through engineering, procurement, and construction services. They design and implement solar projects for residential, commercial, and industrial clients, focusing on efficient procurement and reliable construction to minimize environmental impact. Based in Ahmedabad, Gujarat, India, the company serves various regions in India, promoting sustainable energy with tailored solar panels and power systems.
- Headquarters Ahmedabad, India
- Founders Nishant Soni, Priyank Parmar, Niket Shah
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website mechatroniksolar.com
- Social X Facebook
- Legal Name Mechatronik Renewables Private Limited
- Date of Incorporation 04 Jul, 2014
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹4.93 Cr
FY 2023 · -6% YoY
- Net Profit₹5.9 Lakh
FY 2023 · 1% margin
- EBITDA₹30.9 Lakh
FY 2023 · 6% margin
Associated legal entities of Mechatronik
Mechatronik operates through Mechatronik Renewables 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 |
|---|---|---|---|---|---|---|---|
| Mechatronik Renewables Private Limited CIN U29296GJ2014PTC080011 | Active | 04 Jul 2014 | Ahmedabad, Gujarat | ₹4.9 Cr | 2 | View details |
Products & Services of Mechatronik
Mechatronik offers a comprehensive portfolio of products and services, including Solar EPC Services, Residential Solar, Commercial Solar, and Industrial Solar.
Engineering, procurement, and construction for solar projects
Solar systems for homes to reduce utility costs
Solar solutions for businesses to enhance energy security
Large-scale solar for industrial energy needs
Board of directors of Mechatronik Renewables Private Limited (Mechatronik)
Mechatronik Renewables Private Limited is the primary company behind Mechatronik. The board of Mechatronik Renewables Private Limited currently have 2 directors; the longest-serving is Niket Rajeshbhai Shah, appointed in 2014. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Niket Rajeshbhai Shah DIN 06889171 | Director | 04 Jul 2014 | 12 yrs 4 mo | Mechatronik Renewables Private Limited |
| Swapna Niket Shah DIN 10615747 | Director | 03 May 2024 | 2 yrs 6 mo | Mechatronik Renewables Private Limited |
People of Mechatronik
3 people are tracked at Mechatronik (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder, CEO | Leadership | |
| Co-Founder, Director | Leadership | |
| Co-Founder, MD | Leadership |
Complete people profiles for Mechatronik
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Financials of Mechatronik
Figures of Mechatronik Renewables Private Limited, the primary company behind Mechatronik, for FY 2023. Revenue was ₹4.93 Cr (-6% year on year). Net profit was ₹5.9 Lakh (1% margin). EBITDA was ₹30.9 Lakh (6% margin). Revenue has grown at a compounded annual rate of -12% over three years and +23% over five years.
- ₹4.93 CrRevenue · FY 2023 · -6% YoY
- ₹5.9 LakhNet profit · 1% margin
- ₹30.9 LakhEBITDA · 6% margin
- ₹50 LakhPaid-up capital
- -12%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mechatronik Renewables Private Limited are on its company page.
Detailed financial statements for Mechatronik
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Similar companies to Mechatronik
Mechatronik has 3 listed similar companies in our database, 3 of them funded. They include Fourth Partner Energy, Sterling And Wilson and GREW.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| grew.one | 2022 | Ahmedabad, India | $4.22M | 1,556 | Provider of a range of solar products and services |
Detailed similar companies of Mechatronik
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Mechatronik (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Mechatronik
Mechatronik was founded in 2010.
Mechatronik is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Nishant Soni is the CEO of Mechatronik, as recorded in our data. They have also founded this company.
The primary company behind Mechatronik, Mechatronik Renewables Private Limited, reported revenue of ₹4.93 Cr for FY 2023, down 6% year on year.
Mechatronik Renewables Pvt. Ltd. specializes in solar energy solutions through engineering, procurement, and construction services. They design and implement solar projects for residential, commercial, and industrial clients, focusing on efficient procurement and reliable construction to minimize environmental impact. Based in Ahmedabad, Gujarat, India, the company serves various regions in India, promoting sustainable energy with tailored solar panels and power systems.
Mechatronik's top competitors include Fourth Partner Energy, GREW and Sterling And Wilson.
Mechatronik offers Solar EPC Services, Residential Solar, Commercial Solar, and Industrial Solar.
Mechatronik operates through Mechatronik Renewables Private Limited.
The legal entities of Mechatronik currently have 2 directors, including Swapna Niket Shah, Niket Rajeshbhai Shah.