Mahindra Solarize Private Limited - Company Profile

It is a environment private limited company based in Mumbai, Maharashtra, India, established in 2021.
2021 Mumbai, Maharashtra, India Active
Last Updated:
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About Mahindra Solarize Private Limited

Mahindra Solarize Private Limited, a active private limited company, was established on 06 April 2021 in Mumbai, Maharashtra, India. Engaging in solar energy solutions within the electricity, gas, steam and air condition supply sector, it holds CIN: U40106MH2021PTC358435. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹42.00 Cr and a paid-up capital of ₹40.21 Cr.

It upholds a compliant status. Employing 69 professional, Its leadership includes Rakesh Khaitan (Director), Ami Goda (Director), Sanjay Jain (Whole-Time Director). Past directors included Rakesh Khaitan, Rakesh Shyamvir Singh, Ami Goda. It holds ₹175.00 Cr open charges and no settled loans. Its latest AGM occurred on 15 July 2025, with the balance sheet filed on 31 March 2025. It is based at Mahindra Towers, Pandurang Budhkar Marg, Nr. Doordarshan Kendra, Worli, Mumbai, Maharashtra, 400018.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U40106MH2021PTC358435

  • Registration Number

    358435

  • Incorporation Date

    06 April 2021

  • Authorized Capital

    ₹42.00 Cr

  • Paid-Up Capital

    ₹40.21 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 42.00 Cr
  • Paid Up Capital ₹ 40.21 Cr
  • Company Age 4 Year, 10 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 175.00 Cr
  • Revenue Growth **** 8.80%
  • Profit Growth **** -22.15%
  • Ebitda **** -30.55%
  • Net Worth 31.21%
  • Total Assets -1.83%
Company report

Mahindra Solarize Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Mahindra Solarize Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Mahindra Solarize Private Limited?
Current Directors
Name Designation Appointment Date Status
Rakesh Khaitan Director 26 Aug 2025 Current
Ami Goda Director 20 Jun 2023 Current
Sanjay Jain Whole-Time Director - Current
Avinash Prabhakar Rao Director 15 Oct 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 14 Oct 2025 Past
Pramod Abcsdd Director 14 May 2021 Past
Pramod Abcsdd Director 19 Jul 2022 Past
Pramod Abcsdd Additional Director 20 Jul 2022 Past
Pramod Abcsdd Additional Director 14 Jul 2025 Past
Pramod Abcsdd Additional Director 16 Jul 2024 Past

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Financial Performance of Mahindra Solarize.

Mahindra Solarize Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.8% increase. The company also saw a substantial fall in profitability, with a 22.15% decrease in profit. The company's net worth Soared by an impressive increase of 31.21%.

Mahindra Solarize revenue growth over time
Mahindra Solarize profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 8.80%
*******
*******
*******
*******
Revenue from Operations
*******
 9.70%
*******
*******
*******
*******
Total Assets
*******
 -1.83%
*******
*******
*******
*******
Profit or Loss
*******
 -22.15%
*******
*******
*******
*******
Net Worth
*******
 31.21%
*******
*******
*******
*******
EBITDA
*******
 -30.55%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Mahindra Solarize?

In 2023, Mahindra Solarize had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,750,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 100.00 Cr
  • Axis Bank Limited : 75.00 Cr
Latest Charge Details
Date Lender Amount Status
11 Jan 2023 Axis Bank Limited ₹75.00 Cr Open
30 Dec 2021 Others ₹100.00 Cr Open

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How Many Employees Work at Mahindra Solarize?

Mahindra Solarize has a workforce of 69 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Mahindra Solarize, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Mahindra Solarize's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Mahindra Solarize
Recent Activity within the Organization
  • Director Appointment

    Progress on Dipu Pandey was appointed as a Company Secretary was appointed as a Company Secretary on 13 Nov 2025 & has been associated with this company since 3 months . was documented.

  • Director Appointment

    Progress on Avinash Prabhakar Rao was appointed as a Director was appointed as a Director on 15 Oct 2025 & has been associated with this company since 3 months 29 days . was documented.

  • Director Appointment

    The activity Rakesh Khaitan was appointed as a Director was appointed as a Director on 26 Aug 2025 & has been associated with this company since 5 months 18 days . was completed.

  • Annual General Meeting

    Progress on Mahindra Solarize Private Limited last Annual general meeting of members was held on 15 Jul 2025 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Mahindra Solarize Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was documented.

  • Director Appointment

    Progress on Ashish Saboo was appointed as a CFO was appointed as a CFO on 14 Aug 2024 & has been associated with this company since 1 year 6 months . was documented.

Explore recent activity and updates - View Recent Activity

Recent News, Updates & Announcement
  • Mahindra Solarize news update on market trends
    Mahindra & Adani Partner to Expand EV Charging Network Across India, Tata Power and Oil Companies Join In.

    Mahindra & Mahindra, a car company, teamed up with Adani Total Energies E-Mobility to build electric vehicle charging stations all over India. This will make it easier for people to charge their electric cars and help India reach its climate goals. Mahindra XUV400 owners can now access over 1,100 chargers through the Bluesense+ app. Tata Power is also installing over 500 charging points across India, with a market share of 60%. Oil companies are also starting to offer EV charging at their petrol pumps..

    Business Today

  • Mahindra Solarize news update on market trends
    Mahindra & Mahindra and Adani Total Energies Team Up to Bring Electric SUVs to India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.

    Mahindra & Mahindra + Adani Total Energies = SUVs go electric in India! 🚗⚡️ #EcoFriendlyGoals #PartnershipGoals #SustainableRides.

    Blogger

  • Mahindra Solarize news update on market trends
    Bandhan Bank and M&M sign MoU to offer attractive commercial vehicle and equipment financing solutions.

    Mumbai, March 19, 2024:  Bandhan Bank, one of India’s fastest-growing private sector banks has signed a Memorandum of Understanding (MoU) with Mahindra & Mahindra, a leading commercial vehicle manufacturer of the country, to offer convenient fina.

    OdishaDiary

  • Mahindra Solarize news update on market trends
    Thrust Zone.

    Mahindra, which has recently spent a lot of time at the trademark office, has registered other names, which could be used for its upcoming electric cars. XUV 7XO, XUV 1X0, XUV 5XO, XUV 3XO. The XUV 3XO can be used for the Mahindra XUV400 facelift scheduled to launch this year. But since this model is already in the market, Mahindra can launch a sub-4 meter version of the XUV400 and use the new name, which is said to be in the making. The above names refer to electric vehicle models already on the market (XUV400) or introduced by the car manufacturer (XUV e8). But the remaining two names – XUV 5XO and XUV 1XO – could indicate upcoming electric models from Mahindra. The XUV 5XO is expected to be a Creta-sized electric SUV, a rival to the upcoming MG ZS EV and Tata Curvv EV. The only electric SUV in India. With these 4 models, Mahindra will have an electric SUV in all popular SUV segments. XUV 1X0 will be the KUV 100 Electric which almost saw a launch and was forgotten entirely after 2021. Also announced and launched in 2022, Mahindra has announced a new line of all-electric SUVs – the BE series. They must have the same name assigned to them at presentation time. The BE 05, BE 07 and BE 09 will be stand-alone models and will be different from other Mahindra electric vehicles as they will be built on a new dedicated platform as part of the Born Electric range. The electric version of the Mahindra XUV700 is expected to launch later this year. As for the BE series, BE 05, scheduled to launch at the end of 2025, will be the first product in this product line to enter the market..

    Thrust Zone

  • Mahindra Solarize news update on market trends
    Shares worth Rs 2,184 crore change hands; promoter likely seller.

    Moneycontrol

  • Mahindra Solarize news update on market trends
    Exclusive: M&M promoter entity looking to sell stake worth $215 mn via block deal.

    Moneycontrol

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Frequently Asked Questions
What is the CIN of Mahindra Solarize Private Limited?

The CIN of Mahindra Solarize Private Limited is U40106MH2021PTC358435.

Where is Mahindra Solarize Private Limited headquartered?

Mahindra Solarize Private Limited is headquartered at Mahindra Towers, Pandurang Budhkar Marg, Nr. Doordarshan Kendra, Worli, Mumbai, Maharashtra, 400018.

When was Mahindra Solarize Private Limited incorporated?

Mahindra Solarize Private Limited was incorporated on 06 April 2021.

Who are the current directors of Mahindra Solarize Private Limited?

The current directors of Mahindra Solarize Private Limited are

What is the primary industry of Mahindra Solarize Private Limited?

The primary industry of Mahindra Solarize Private Limited is Electricity, Gas, Steam And Air Condition Supply.

Is Mahindra Solarize Private Limited a listed company?

Mahindra Solarize Private Limited is unlisted.

What is the capital structure of Mahindra Solarize Private Limited?

The authorized capital of Mahindra Solarize Private Limited is ₹42.00 Cr, and the paid-up capital is ₹40.21 Cr.

What is the compliance status of Mahindra Solarize Private Limited?

The compliance status of Mahindra Solarize Private Limited is Compliant.

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