About Megasolis Renewables Private Limited
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Megasolis Renewables Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Susten Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 26 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40300MH2010PTC205946. Its GSTIN is 27AAGCM7010H1ZM (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹900 Cr and a paid-up capital of ₹321.63 Cr. It was formerly known as Mahindra Offgrid Services Private Limited. It is led by directors including Devjeet Ghosh and Piyush Pannalal Jain.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹474.54 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹59.37 Cr (net margin -12.5%) and EBITDA of ₹408.38 Cr (EBITDA margin 86.1%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 35% over five years.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹6,391.47 Cr and satisfied charges of ₹3,576.29 Cr on record. The company has 6 deals on record (2 rights issues, 2 secondary share transfers, 2 acquisitions); the latest was in January 2024. Its 3 peer companies in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution) are compared by revenue, 1 larger and 2 smaller; the largest is Ramanagaram Enterprises Private Limited with revenue of ₹482.52 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindra.com.
Company details
Contact details
Megasolis Renewables Private Limited's registered office is in Mumbai, Maharashtra. Its website is mahindra.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCowrks Ground Floor Winchester, South Avenue Road Downtown Powai, Mumbai, Maharashtra, India – 400076
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Megasolis Renewables Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Megasolis Renewables is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Megasolis Renewables Private Limited, buy the company report.
Financials of Megasolis Renewables Private Limited
FY 2025 filings availableMegasolis Renewables Private Limited reported revenue of ₹474.54 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 6% growth in the latest year. EBITDA rose 6% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹408.38 Cr | ||||
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| Net Profit (PAT) | -₹59.37 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 86.1% | ||||
| Net Profit Margin | -12.5% | ||||
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To see the full financial statements and ratios of Megasolis Renewables Private Limited, buy the company report.
Board of directors of Megasolis Renewables Private Limited
Megasolis Renewables has 4 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devjeet Ghosh Also directs: Emergent Solren Private Limited, Mega Suryaurja Private Limited, Brightsolar Renewable Energy Private Limited and 2 more | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Piyush Pannalal Jain | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
| Niraj Bhupendrakumar Shah Also directs: Emergent Solren Private Limited, Mega Suryaurja Private Limited, Brightsolar Renewable Energy Private Limited and 2 more | Director | 26 Apr 2024 | 2 Years 6 Months | Current |
| Gaurav Malhotra Also directs: Emergent Solren Private Limited, Mega Suryaurja Private Limited, Brightsolar Renewable Energy Private Limited and 3 more | Director | 10 Jan 2024 | 2 Years 9 Months | Current |
Peer comparison
Megasolis Renewables Private Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ramanagaram Enterprises Private Limited | ₹482.52 Cr (FY 2023) | 188.0% | Hyderabad, Telangana, India | |||
| Megasolis Renewables Private Limitedthis company | ₹474.54 Cr (FY 2025) | -₹59.37 Cr | -12.5% | 6.0% | Mumbai, Maharashtra, India | |
| Renew Solar Energy (Jharkhand Four) Private Limited | ₹453.6 Cr (FY 2025) | 720.0% | New Delhi, Delhi, India | |||
| TP Saurya Limited | ₹441.22 Cr (FY 2025) | 349.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Megasolis Renewables Private Limited, buy the company report.
Auditor
Megasolis Renewables Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2023 | 117366W/ W-100018 |
Shareholding
The shareholding of Megasolis Renewables Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Megasolis Renewables Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jun 2025 | 101125510 | Axis Bank Limited | ₹13.73 Lakh | Open | |
| 24 Jun 2025 | 101118891 | Axis Bank Limited | ₹28.15 Lakh | Open | |
| 22 Jan 2025 | 101046352 | Axis Bank Limited | ₹6.6 Cr | Open | |
| 17 Jan 2025 | 101037878 | Axis Bank Limited | ₹1.04 Lakh | Open | |
| 23 Jul 2024 | 100953237 | Others | ₹4,900 Cr | Open |
To see the full charge records of Megasolis Renewables Private Limited, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Megasolis Renewables Private Limited has 6 deals on record (2 rights issues, 2 secondary share transfers, 2 acquisitions); the latest was in January 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Sustainable Energy Infra Trust Seller: Mahindra Susten Private Limited , Mahindra Susten Private Limited & Brijbala Batwal |
| Aug 2019 | Rights issue | ₹79.99 Cr | Investors: Mahindra Susten Private Limited |
| Mar 2017 | Rights issue | ₹47.86 Cr | Investors: Mahindra Susten Private Limited |
| Aug 2015 | Acquisition | ₹231.56 Cr | Buyer: Mahindra Susten Private Limited |
| Nov 2014 | Acquisition | ₹6.3 Cr | Buyer: Mahindra Susten Private Limited |
To see the full deal history of Megasolis Renewables Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Megasolis Renewables Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Megasolis Renewables Private Limited was last rated by Indiarating on 28 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 28 Mar 2022 |
To see the full credit ratings and regulatory alerts of Megasolis Renewables Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Megasolis Renewables Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Megasolis Renewables has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Brightsolar Renewable Energy Private Limited | U40108MH2013PTC250683 | |
| Astra Solren Private Limited | U74120MH2015PTC269256 | |
| Neo Solren Private Limited | U74999MH2015PTC266154 |
To see the full group structure of Megasolis Renewables Private Limited, buy the company report.
GST
Megasolis Renewables has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM7010H1ZM | Maharashtra | Active | 01 Jul 2017 |
| 33AAGCM7010H1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 23AAGCM7010H1ZU | Madhya Pradesh | Active | 17 Sep 2017 |
| 08AAGCM7010H1ZM | Rajasthan | Active | 30 Aug 2019 |
To see the full GST registrations and return filing status of Megasolis Renewables Private Limited, buy the company report.
Recent activity
Megasolis Renewables Private Limited has 25 board changes on record since 2013: 4 appointments and 21 cessations. The latest: Devjeet Ghosh ceased to be Additional Director on 08 Aug 2024.
49 earlier events are in the company report.
News
Frequently asked questions
Megasolis Renewables is an active private limited company based in Mumbai, Maharashtra, India. The company works in solar energy solutions, within the environment industry. It was incorporated on 26 July 2010 (16+ years old) and is registered under CIN U40300MH2010PTC205946.
Megasolis Renewables has 4 current directors:
- Devjeet Ghosh - Director
- Piyush Pannalal Jain - Director
- Niraj Bhupendrakumar Shah - Director
- Gaurav Malhotra - Director
The latest financial statements of Megasolis Renewables on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Megasolis Renewables is 27AAGCM7010H1ZM, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 33AAGCM7010H1ZT (Tamil Nadu), 23AAGCM7010H1ZU (Madhya Pradesh), 08AAGCM7010H1ZM (Rajasthan).
The CIN (Corporate Identification Number) of Megasolis Renewables is U40300MH2010PTC205946. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Megasolis Renewables was incorporated on 26 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Megasolis Renewables has 6 deals on record (2 rights issues, 2 secondary share transfers, 2 acquisitions); the latest was in January 2024.
The peers of Megasolis Renewables by revenue are Ramanagaram Enterprises Private Limited, Renew Solar Energy (Jharkhand Four) Private Limited, TP Saurya Limited, all in the Cleantech industry (Solar Power), with the same principal business activity (electric power generation, transmission and distribution).
Devjeet Ghosh ceased to be Additional Director on 08 Aug 2024. Gaurav Malhotra ceased to be Additional Director on 08 Aug 2024. Niraj Bhupendrakumar Shah ceased to be Additional Director on 08 Aug 2024. Megasolis Renewables has 25 board changes on record in total.
Megasolis Renewables can be reached through the website mahindra.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Megasolis Renewables is at Cowrks Ground Floor Winchester, South Avenue Road Downtown Powai, Mumbai, Maharashtra, India – 400076.
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