About MNM Solar Power Systems
MNM Solar Power Systems is an Energy & Utilities company based in Mumbai (India) founded in 2016. It offers solar power systems, installation, and maintenance for residential and commercial clients. It operates on a B2B and B2C model. The company has 1,253 employees. Its Indian entity Tata Power Solar Systems Limited reported revenue of ₹11,748 Cr. MNM Solar Power Systems offers products and services including On Grid Solar Power System, Off Grid Solar Power System, Hybrid Solar Power System, Captive Solar Power System, and Open Access System. Its focus areas include Energy, Renewable Energy, Solar and Ground Systems. Similar companies include Freyr Energy, Fourth Partner Energy and Sterling And Wilson; 3 of its 3 listed similar companies have raised funding.
Company details
MNM Solar Power Systems, based in Mumbai, India, is an authorized dealer for Tata Power Solar, specializing in ground and rooftop solar power systems. They customize end-to-end solutions for industrial, commercial, and residential sectors across Maharashtra. Services include installation, financing options like OPEXRESCO, maintenance, and power optimization to ensure high performance over 25 years. The firm serves diverse clients such as housing societies, factories, and hospitals with reliable, sustainable energy solutions.
- Headquarters Mumbai, India
- Employees 1,253
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website mnmsolar.com
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- Legal Name Tata Power Solar Systems Ltd'
- Date of Incorporation 27 Nov, 1989
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹11,748 Cr
FY 2024 · +70% YoY
- Net Profit₹391 Cr
FY 2024 · 3% margin
- EBITDA₹720 Cr
FY 2024 · 6% margin
- Employee Count1,253
Associated legal entities of MNM Solar Power Systems
MNM Solar Power Systems operates through Tata Power Solar Systems Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tata Power Solar Systems Limited CIN U40106MH1989PLC330738 | Amalgamated | 27 Nov 1989 | Mumbai, Maharashtra | ₹11,748 Cr | 1,253 | 13 | View details |
Products & Services of MNM Solar Power Systems
MNM Solar Power Systems offers a comprehensive portfolio of products and services, including On Grid Solar Power System, Off Grid Solar Power System, Hybrid Solar Power System, Captive Solar Power System, and Open Access System.
System for grid-connected solar power generation and usage.
Standalone system for off-grid energy production and storage.
Combines solar with other sources for reliable power supply.
Dedicated system for on-site consumption in facilities.
Enables sharing of generated solar power with the grid.
Board of directors of Tata Power Solar Systems Limited (MNM Solar Power Systems)
Tata Power Solar Systems Limited is the primary company behind MNM Solar Power Systems. The board of Tata Power Solar Systems Limited currently have 10 directors; the longest-serving is Praveer Sinha, appointed in 2018. 53 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Praveer Sinha DIN 01785164 | Director | 04 May 2018 | 8 yrs 5 mo | Tata Power Solar Systems Limited |
| Seethapathy Chander DIN 02336635 | Director | 27 Mar 2020 | 6 yrs 7 mo | Tata Power Solar Systems Limited |
| Aditi Raja DIN 00164313 | Director | 01 Apr 2021 | 5 yrs 6 mo | Tata Power Solar Systems Limited |
| Rajeev Sharma DIN 00973413 | Director | 06 Oct 2021 | 5 yrs | Tata Power Solar Systems Limited |
| Sanjeev Churiwala DIN 00489556 | Director | 13 Jun 2022 | 4 yrs 4 mo | Tata Power Solar Systems Limited |
| Bipin Narayan Kulkarni DIN 09649229 | CFO | 14 Oct 2022 | 4 yrs | Tata Power Solar Systems Limited |
| Sanjay Vijay Bhandarkar DIN 01260274 | Director | 16 Jan 2023 | 3 yrs 9 mo | Tata Power Solar Systems Limited |
| Edward Winter DIN 10110377 | Director | 14 Apr 2023 | 3 yrs 6 mo | Tata Power Solar Systems Limited |
| Mahesh Dinkar Paranjpe DIN 03530639 | CEO | 13 Jun 2023 | 3 yrs 4 mo | Tata Power Solar Systems Limited |
| Deepesh Kiranchandra Nanda DIN 03151401 | Director | 21 Nov 2023 | 2 yrs 11 mo | Tata Power Solar Systems Limited |
Financials of MNM Solar Power Systems
Figures of Tata Power Solar Systems Limited, the primary company behind MNM Solar Power Systems, for FY 2024. Revenue was ₹11,748 Cr (+70% year on year). Net profit was ₹391 Cr (3% margin). EBITDA was ₹720 Cr (6% margin). Revenue has grown at a compounded annual rate of +32% over three years and +30% over five years.
- ₹11,748 CrRevenue · FY 2024 · +70% YoY
- ₹391 CrNet profit · 3% margin
- ₹720 CrEBITDA · 6% margin
- ₹230 CrPaid-up capital
- 1,253Employees (provident fund records)
- +32%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tata Power Solar Systems Limited are on its company page.
Detailed financial statements for MNM Solar Power Systems
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Similar companies to MNM Solar Power Systems
MNM Solar Power Systems has 3 listed similar companies in our database, 3 of them funded. They include Freyr Energy, Fourth Partner Energy and Sterling And Wilson.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| 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. |
Detailed similar companies of MNM Solar Power Systems
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Frequently Asked Questions about MNM Solar Power Systems
MNM Solar Power Systems was founded in 2016.
MNM Solar Power Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
MNM Solar Power Systems has 1,253 employees.
The primary company behind MNM Solar Power Systems, Tata Power Solar Systems Limited, reported revenue of ₹11,748 Cr for FY 2024, up 70% year on year.
MNM Solar Power Systems, based in Mumbai, India, is an authorized dealer for Tata Power Solar, specializing in ground and rooftop solar power systems. They customize end-to-end solutions for industrial, commercial, and residential sectors across Maharashtra. Services include installation, financing options like OPEXRESCO, maintenance, and power optimization to ensure high performance over 25 years. The firm serves diverse clients such as housing societies, factories, and hospitals with reliable, sustainable energy solutions.
MNM Solar Power Systems's top competitors include Fourth Partner Energy, Freyr Energy and Sterling And Wilson.
MNM Solar Power Systems offers On Grid Solar Power System, Off Grid Solar Power System, Hybrid Solar Power System, Captive Solar Power System, and Open Access System.
MNM Solar Power Systems operates through Tata Power Solar Systems Limited.
The legal entities of MNM Solar Power Systems currently have 11 directors, including Seethapathy Chander, Praveer Sinha, Rajeev Sharma and others.