About Mecwin
Mecwin is an Energy & Utilities company based in Bengaluru (India) founded in 2017 by Asha Rani and Shiva Kumar HM. EV motors, solar pumps, controllers, and IoT products are manufactured. Mecwin has raised $2.53 million across 7 funding rounds from investors including Steer Advisors, Starlit Technologies and Shilpa V Ganna. The company has 85 employees. Mecwin was last valued at $13.85 million in September 2023. Its chief executive, as recorded, is Jitendra Dugar. Its focus areas include Energy, Solar Energy, Solar Products and Pumps. Its legal entity in India is Mecwin Technologies India Private Limited (U35999KA2020PTC137824). Its competitors include Ecozen Solutions, Claro Energy and Oswal Pumps; 2 of its 3 listed competitors have raised funding.
Company details
Mecwin was founded in 2017 and is based in Bengaluru, India. Operations focus on the renewable energy and electric vehicle sectors, where EV motors, solar pumps, controllers, and IoT products are produced. Green propulsion solutions are provided through these offerings, which are designed to meet industry standards for quality and reliability. The company is led by co-founders Asha Rani and Shiva Kumar HM as directors, alongside CEO Jitendra Dugar.
- Headquarters Bengaluru, India
- Employees 85
- Founders Asha Rani, Shiva Kumar HM
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website mecwinindia.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Mecwin Technologies India Private Limited
- Date of Incorporation 28 Aug, 2020
- Jurisdiction Bangalore, Karnataka, India
- Net Profit₹1.38 Cr
FY 2025 · 0% margin
- EBITDA₹1.62 Cr
FY 2025 · 0% margin
- Total Equity Funding$2.53M (USD)
in 7 rounds
- Latest Funding Round$135.39K (USD), Seed
Dec 2024
- InvestorsSteer Advisors
& 55 more
- Employee Count85
Associated legal entities of Mecwin
Mecwin operates through Mecwin Technologies India 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 |
|---|---|---|---|---|---|---|---|
| Mecwin Technologies India Private Limited CIN U35999KA2020PTC137824 | Active | 28 Aug 2020 | Bangalore, Karnataka | 85 | 2 | View details |
Apps and channels of Mecwin
its YouTube channel Mecwin Solar Pumps Bangalore has 6.28K subscribers and 30 videos.
Videos from Mecwin
The most watched videos on Mecwin's YouTube channel, Mecwin Solar Pumps Bangalore (6.28K subscribers). Click a video to play it here.
More on Mecwin Solar Pumps Bangalore.
Funding Insights of Mecwin
Mecwin has successfully raised a total of $2.53M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $135.39 thousand completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.53M
- Total Rounds 7
- Last Round Seed — $135,386
- First Round $107,471
(Nov 2021)
- Investors Count 56
All 7 funding rounds of Mecwin with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $135,386 | Seed | – | Shilpa V Ganna | |
| Dec 2024 | $660,342 | Seed | – | Evergrow | |
| Dec 2024 | $389,591 | Seed | – | Chitresh Kumar Lunawat, Aakash Jain | |
| Dec 2024 | $258,729 | Seed | – | Pritesh Vora, Sksd Partners | |
| Sep 2023 | $936,900 | Seed | $13.85M | – | |
| Feb 2022 | $43,918 | Seed | $4.35M | Steer Advisors | – |
| Nov 2021 | $107,471 | Seed | $••••• | Starlit Technologies, Akash Deep Goyal |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2023 | $13.85M | •••••••• |
| Feb 2022 | $4.35M | •••••••• |
| Nov 2021 | $••••• | •••••••• |
Full valuation and stage history of Mecwin
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Verified entity values are shown only after access is granted.
Last known valuation $13.85M (Sep 2023). 56 investors in total: 14 institutional and 42 angel.
Investors in Mecwin
Mecwin has secured backing from 56 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Steer Advisors, Starlit Technologies and Shilpa V Ganna.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on early-stage investments | vmspice.tcc.mode | Guntur, India | ||
Venture capital fund investing in multiple sectors | gjnxventures.tcc.mode | |||
Seed-stage venture capital investments are targeted by Singhvi Heritage. | sanghviherirtage.tcc.mode | Chennai, India | ||
| rishabintermediates.tcc.mode | ||||
Provides financial planning and advisory services to clients. | 2000 | shaguncapital.com | Udaipur, India | |
Management consulting services are provided to businesses. | cerametconsultants.tcc.mode | Mumbai, India | ||
| starlitfinance.tcc.mode | ||||
| lumosadvisors.tcc.mode | ||||
| caprizeinvestmentmanagers.tcc.mode | ||||
Corporate advisory services in finance, mergers, and various sectors. | 2013 | steeradvisors.in | Mumbai, India |
Investor details for Mecwin
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Board of directors of Mecwin Technologies India Private Limited (Mecwin)
Mecwin Technologies India Private Limited is the primary company behind Mecwin. The board of Mecwin Technologies India Private Limited currently have 2 directors; the longest-serving is Sanabaghatta Savandaiah Asharani, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanabaghatta Savandaiah Asharani DIN 08853068 | Whole-time director | 28 Aug 2020 | 6 yrs 1 mo | Mecwin Technologies India Private Limited |
| Halenahally Mallesha Shiva Kumar DIN 08853067 | Managing Director | 28 Aug 2020 | 6 yrs 1 mo | Mecwin Technologies India Private Limited |
People of Mecwin
3 people are tracked at Mecwin (3 in leadership); the tracked headcount is 85.
| Name | Role | Group |
|---|---|---|
Asha Rani | Co-Founder & Director | Leadership |
Shiva Kumar HM | Co-Founder & Director | Leadership |
Jitendra Dugar | Chief Executive Officer | Leadership |
Complete people profiles for Mecwin
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Mecwin
Figures of Mecwin Technologies India Private Limited, the primary company behind Mecwin, for FY 2025. Net profit was ₹1.38 Cr (0% margin). EBITDA was ₹1.62 Cr (0% margin).
- ₹1.38 CrNet profit · 0% margin
- ₹1.62 CrEBITDA · 0% margin
- ₹14.6 LakhPaid-up capital
- 85Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Mecwin Technologies India Private Limited are on its company page.
Detailed financial statements for Mecwin
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Mecwin
4 dated milestones of Mecwin across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Mecwin is founded.
- Funding First funding round of $107K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $135K.
Competitors of Mecwin
Mecwin has 3 listed competitors in our database, 2 of them funded. They include Ecozen Solutions, Claro Energy and Oswal Pumps.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ecozensolutions.com | 2010 | Pune, India | $76.38M | 702 | Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | |
| claroenergy.in | 2011 | Delhi, India | $1.37M | 34 | Solar powered water pumping solutions | |
| oswalpumps.com | 2000 | Karnal, India | 514 | Energy-efficient stainless steel pumps and motors are manufactured. |
Detailed competitors of Mecwin
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Mecwin
The website of Mecwin (mecwinindia.com) receives about 1.1K visits a month.
- Monthly visits1.1K
▲ 33.4% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Mecwin (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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Related news about Mecwin
Complete news archive for Mecwin
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Frequently Asked Questions about Mecwin
Mecwin was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Mecwin is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Jitendra Dugar is the CEO of Mecwin, as recorded in our data.
Mecwin is a funded company, having raised a total of $2.53M across 7 funding rounds to date. The company's 1st funding round was a Seed of $107.47K, raised on Nov 2021.
Mecwin has 85 employees.
Annual revenue of Mecwin is $3.7M as on Mar 31, 2023.
Mecwin was founded in 2017 and is based in Bengaluru, India. Operations focus on the renewable energy and electric vehicle sectors, where EV motors, solar pumps, controllers, and IoT products are produced. Green propulsion solutions are provided through these offerings, which are designed to meet industry standards for quality and reliability. The company is led by co-founders Asha Rani and Shiva Kumar HM as directors, alongside CEO Jitendra Dugar.
Mecwin's top competitors include Ecozen Solutions, Oswal Pumps and Claro Energy.
Mecwin has 56 investors. Key investors include Steer Advisors, Starlit Technologies, Shilpa V Ganna, Sun Associates, and Gayatri Ramamurthy.
The valuation of Mecwin is $13.85M as of Sep 2023.
Mecwin operates through Mecwin Technologies India Private Limited.
The legal entities of Mecwin currently have 2 directors, including Sanabaghatta Savandaiah Asharani, Halenahally Mallesha Shiva Kumar.