MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0190784
Mahindra Solarize Private Limited - environment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹177.16 Cr
▲ 9% YoY
Authorised capital
₹42 Cr
Registered with MCA
Paid-up capital
₹40.21 Cr
Issued & subscribed
Open charges
₹175 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
69
Provident fund records
Directors on board
3
As per MCA filings
Active GSTINs
13
GST registered
About Mahindra Solarize Private Limited
Data last updated:
Mahindra Solarize Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Sustainable Energy Private Limited. It operates in the solar energy solutions segment of the environmental services sector. It was incorporated on 06 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U40106MH2021PTC358435. Its GSTIN is 27AAOCM4850B1ZG (Maharashtra). The company holds 13 GST registrations, all of them active.
The company has an authorised share capital of ₹42 Cr and a paid-up capital of ₹40.21 Cr. It is led by directors including Ami Goda and Avinash Prabhakar Rao.
Its last annual general meeting (AGM) was held on 15 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers Pandurang Budhkar Marg Nr. Doordarshan Kendra Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2023, the company reported a revenue of ₹177.16 Cr, a growth of 9% compared to the previous year.
The company has about 69 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Mahindra Solarize. As per MCA filings, the company has open charges of ₹175 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in August 2025. The company has 2 MSME Form 1 returns on record between 2023 and 2024, listing 11 overdue payments to 5 micro and small suppliers.
Mahindra Solarize Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0190784). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindrasolarize.com.
Company details
CIN U40106MH2021PTC358435
Registration Number 358435
Incorporation Date 06 April 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Mahindra Sustainable Energy Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0190784
Recognitions & Rankings of Mahindra Solarize
Contact details
Mahindra Solarize Private Limited's registered office is in Mumbai, Maharashtra. Its website is mahindrasolarize.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers Pandurang Budhkar Marg Nr. Doordarshan Kendra Worli, Mumbai, Maharashtra, India – 400018
- IndustryEnvironment, Solar Energy Solutions
To see the full contact details of Mahindra Solarize Private Limited, buy the company report.
Comprehensive company report
Mahindra Solarize Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Mahindra Solarize operates one associated brand: Mahindra Solarize. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers solar rooftop and water pump solutions for sustainable energy needs. | mahindrasolarize.com |
Business activity
The main business activity of Mahindra Solarize is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Mahindra Solarize Private Limited, buy the company report.
Financials of Mahindra Solarize Private Limited
FY 2025 filings availableMahindra Solarize Private Limited reported revenue of ₹177.16 Cr (up 9% YoY) for FY 2023.
Revenue · FY 2023
₹177.16 Cr ▲ 9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
Revenue rose 9% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹177.16 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ||
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| Tax Expense | ||
| Net Profit (PAT) | ||
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
| Short-term Borrowings | ||
| Trade Payables | ||
| Total Liabilities | ||
| Fixed Assets | ||
| Investments | ||
| Inventories | ||
| Trade Receivables | ||
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| Total Assets | ||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | ||
| Net Profit Margin | ||
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
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| Liquidity and Debt | ||
| Current Ratio | ||
| Quick Ratio | ||
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| Efficiency and Growth | ||
| Asset Turnover | ||
| Receivable Days | ||
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| Inventory Days | ||
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| Net Profit Growth | ||
To see the full financial statements and ratios of Mahindra Solarize Private Limited, buy the company report.
Board of directors of Mahindra Solarize Private Limited
Mahindra Solarize has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ami Goda Also directs: Mahindra Solarize Private Limited, Mahindra Epc Irrigation Limited, Mahindra Agri Solutions Limited and 3 more | Director | 20 Jun 2023 | 3 Years 4 Months | Current |
| Avinash Prabhakar Rao Also directs: Mahindra Teqo Private Limited, Mahindra Sustainable Energy Private Limited, Resurgence Solarize Urja Private Limited and 3 more | Director | 15 Oct 2025 | 1 Years 0 Months | Current |
| Rakesh Khaitan Also directs: Mahindra Solarize Private Limited, Mahindra Susten Private Limited, Illuminate Hybren Private Limited and 5 more | Director | 26 Aug 2025 | 1 Years 1 Months | Current |
Auditor
Mahindra Solarize Private Limited is audited by Mukund M. Chitale & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mukund M. Chitale & Co. | FY 2023 | 106655W |
Shareholding
The shareholding of Mahindra Solarize Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Mahindra Solarize Private Limited, buy the company report.
Charges & borrowings
Open charges
₹175 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2023 | 100672408 | Axis Bank Limited | ₹75 Cr | Open | |
| 30 Dec 2021 | 100526186 | Others | ₹100 Cr | Open |
To see the full charge records of Mahindra Solarize Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Mahindra Solarize Private Limited has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in August 2025.
Total deals
3
Rights issues
2
Secondary share transfer
1
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Rights issue | ₹4.82 Cr | Investors: Mahindra Sustainable Energy Private Limited |
| Mar 2022 | Rights issue | ₹35.34 Cr | Investors: Mahindra Sustainable Energy Private Limited |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Mahindra Telecom Energy Management Services Private Limited & Brijbala Batwal, Mahindra Telecom Energy Management Services Private Limited & Anita Halbe, Mahindra Telecom Energy Management Services Private Limited & Narayan Shankar Seller: Mahindra Susten Private Limited & Sumeet Maheshwari, Mahindra Susten Private Limited , Mahindra Susten Private Limited & Anita Halbe |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mahindra Solarize Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Ms VS Motors | Pending |
To see the full case history of Mahindra Solarize Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Mahindra Solarize Private Limited has 2 MSME Form 1 returns on record between 2023 and 2024, listing 11 overdue payments to 5 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Winsol Renewable Solutions | |||
| an individual supplier | |||
| Abhimanhan Energy Private Limited |
To see the full MSME payment records of Mahindra Solarize Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Mahindra Solarize has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Resurgence Solarize Urja Private Limited | U40106MH2022PTC389552 |
To see the full group structure of Mahindra Solarize Private Limited, buy the company report.
Employees & EPFO
Mahindra Solarize Private Limited has a workforce of 69 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
Employee count
69
Active EPFO establishments
1
Employee growth
6.15%
GST
Mahindra Solarize has 13 GST registrations: 13 active. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
13
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCM4850B1ZG | Maharashtra | Active | 05 May 2021 |
| 22AAOCM4850B1ZQ | Chhattisgarh | Active | 08 May 2021 |
| 37AAOCM4850B1ZF | Andhra Pradesh | Active | 20 Jun 2021 |
| 24AAOCM4850B1ZM | Gujarat | Active | 30 Jun 2021 |
To see the full GST registrations and return filing status of Mahindra Solarize Private Limited, buy the company report.
Recent activity
Mahindra Solarize Private Limited has 23 board changes on record since 2021: 13 appointments and 10 cessations. The latest: Isha Dalal ceased to be Director on 10 Nov 2025.
Ceased
Isha Dalal ceased to be Director.
Appointed
Avinash Prabhakar Rao was appointed as Director.
Appointed
Rakesh Khaitan was appointed as Director.
Ceased
Deepaksingh Chandrasingh Thakur ceased to be Director.
AGM
Mahindra Solarize Private Limited last Annual general meeting of members was held on 15 Jul 2025 as per latest MCA records.
Ceased
Kothandaraman Anusha ceased to be Director.
Ceased
Sanjay Jain ceased to be CEO.
Ceased
Hemant Sikka ceased to be Director.
Filing
Mahindra Solarize Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Isha Dalal was appointed as Director.
Ceased
Bharat Goenka ceased to be Director.
Charges
A charge with Others of Rs. 100.00 Cr registered on 30 Dec 2021 with Charge ID 100526186 was modified on 29 Jul 2024.
18 earlier events are in the company report.
News
Frequently asked questions
Mahindra Solarize 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 06 April 2021 (5+ years old) and is registered under CIN U40106MH2021PTC358435.
Mahindra Solarize has 3 current directors:
- Ami Goda - Director
- Avinash Prabhakar Rao - Director
- Rakesh Khaitan - Director
The latest financial statements of Mahindra Solarize on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 July 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Mahindra Solarize is 27AAOCM4850B1ZG, registered in Maharashtra. The company has 13 GST registrations in all, of which 13 are active. Other active GSTINs include 22AAOCM4850B1ZQ (Chhattisgarh), 37AAOCM4850B1ZF (Andhra Pradesh), 24AAOCM4850B1ZM (Gujarat).
The CIN (Corporate Identification Number) of Mahindra Solarize is U40106MH2021PTC358435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Solarize has 1 court case on record: 1 filed against it. 1 is pending.
Mahindra Solarize was incorporated on 06 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Solarize has 3 deals on record (2 rights issues, 1 secondary share transfer); the latest was in August 2025.
Isha Dalal ceased to be Director on 10 Nov 2025. Avinash Prabhakar Rao was appointed as Director on 15 Oct 2025. Rakesh Khaitan was appointed as Director on 26 Aug 2025. Mahindra Solarize has 23 board changes on record in total.
Yes, Mahindra Solarize is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0190784).
Mahindra Solarize has 2 MSME Form 1 returns on record between 2023 and 2024, listing 11 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.