About Mahindra Susten Private Limited
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Mahindra Susten Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahindra Holdings Limited. It operates in the plumbing services and construction specialties segment of the construction sector. It was incorporated on 19 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2010PTC207854. Its GSTIN is 27AAGCM8122L1Z6 (Maharashtra). The company holds 25 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹600 Cr and a paid-up capital of ₹556.49 Cr. It was formerly known as Mahindra Epc Services Private Limited. It is led by directors including Avinash Prabhakar Rao (Managing Director) and Diwakar Gupta.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahindra Towers Dr. G. M. Bhosale Marg P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹509.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹64.68 Cr (net margin 12.7%) and EBITDA of ₹100.24 Cr (EBITDA margin 19.7%).
The company has about 184 employees on its provident fund (EPFO) records. Its group structure includes 7 subsidiaries.
The company is associated with 3 brands: Machine Pulse, Mahindra Susten and Mahindra Teqo. As per MCA filings, the company has open charges of ₹4,496.58 Cr and satisfied charges of ₹4,690.45 Cr on record. Court records list 36 cases involving the company, including 14 filed by the company and 23 filed against it; 5 cases are pending. The company has 14 deals on record (7 rights issues, 3 acquisitions, 3 secondary share transfers), with disclosed funding of ₹2.5 Cr; the latest was in August 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mahindrasusten.com.
Company details
Contact details
Mahindra Susten Private Limited's registered office is in Mumbai, Maharashtra. Its website is mahindrasusten.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressMahindra Towers Dr. G. M. Bhosale Marg P.K. Kurne Chowk Worli, Mumbai, Maharashtra, India – 400020
- IndustryConstruction, Plumbing Services & Construction Specialties, Electrical Services, Demolition & Construction Services
To see the full contact details of Mahindra Susten 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
Brands
Mahindra Susten operates multiple associated brands including Machine Pulse, Mahindra Susten, and Mahindra Teqo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers cloud-based big data analytics and decision science solutions. | machinepulse.com | |
| Turnkey EPC services for solar power plants are provided. | mahindrasusten.com | |
| Renewable energy assets are managed via a tech-enabled platform. | mahindrateqo.com |
Business activity
The main business activities of Mahindra Susten are construction and electricity, gas, steam and air condition supply. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities and electric power generation, transmission and distribution. 2 activity segments are registered with the MCA.
| 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 | |
| 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 Mahindra Susten Private Limited, buy the company report.
Financials of Mahindra Susten Private Limited
FY 2025 filings availableMahindra Susten Private Limited reported revenue of ₹509.02 Cr (up 161% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 161% in the latest year. EBITDA fell 90% in the latest 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 | ₹100.24 Cr | ||||
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| Net Profit (PAT) | ₹64.68 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 | 19.7% | ||||
| Net Profit Margin | 12.7% | ||||
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To see the full financial statements and ratios of Mahindra Susten Private Limited, buy the company report.
Board of directors and KMP of Mahindra Susten Private Limited
Mahindra Susten Private Limited currently reports 10 directors and 1 key managerial person. 32 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rakesh Khaitan Also directs: Mahindra Solarize Private Limited, Mahindra Solarize Private Limited, Illuminate Hybren Private Limited and 5 more | Cfo | 01 May 2024 | 2 Years 6 Months | Current |
| Diwakar Gupta Also directs: Resurgence Solarize Urja Private Limited, Alkem Laboratories Limited, Mahindra Holidays & Resorts India Limited and 5 more | Director | 21 Oct 2020 | 6 Years 0 Months | Current |
| Amarjyoti Barua | Director | 17 May 2024 | 2 Years 5 Months | Current |
| Amit Kumar Sinha Also directs: Mahindra Lifespace Developers Limited, Mahindra Blossom Developers Limited, Mahindra Kandivali Developers Limited and 5 more | Director | 28 Jul 2021 | 5 Years 3 Months | Current |
| Avinash Prabhakar Rao Also directs: Resurgence Solarize Urja Private Limited, Mahindra Teqo Private Limited, Mahindra Sustainable Energy Private Limited and 3 more | Managing Director | 24 Sep 2025 | 1 Years 1 Months | Current |
| Anjali Gupta | Director | 25 Feb 2023 | 3 Years 8 Months | Current |
Auditor
Mahindra Susten Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2024 | 117366W/W-100018 |
Shareholding
The shareholding of Mahindra Susten 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mahindra Susten Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2025 | 101042561 | Others | ₹1,448 Cr | Open | |
| 22 Dec 2020 | 100400818 | Others | ₹8.52 Cr | Open | |
| 24 Dec 2019 | 100315312 | Others | ₹250 Cr | Open | |
| 07 Aug 2018 | 100200390 | Hdfc Bank Limited | ₹6 Lakh | Open | |
| 28 Mar 2018 | 100171173 | Yes Bank Limited | ₹350 Cr | Open |
To see the full charge records of Mahindra Susten Private Limited, buy the company report.
Total charge records: 22 View all charges
Deals & funding
Mahindra Susten Private Limited has 14 deals on record (7 rights issues, 3 acquisitions, 3 secondary share transfers), with disclosed funding of ₹2.5 Cr; the latest was in August 2025.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2025 | Rights issue | ₹1,000 Cr | Investors: Mahindra Holdings Limited , Ontario Teachers' Pension Plan |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Ontario Teachers' Pension Plan Seller: Mahindra Holdings Limited |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Ontario Teachers' Pension Plan Seller: Mahindra Holdings Limited |
| Feb 2021 | Acquisition | ₹4,500 Cr | Buyer: Brookfield Seller: Mahindra Susten Private Limited |
| Sep 2018 | Rights issue | ₹286 Cr | Investors: Mahindra Holdings Limited |
To see the full deal history of Mahindra Susten 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
Mahindra Susten Private Limited has 36 court cases on record: 14 filed by Mahindra Susten, 23 filed against it. 5 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 8 | 1 |
| District courts | 12 | 10 | 3 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 2 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0401-Indirect Taxes Matters : Interpretation of the Customs Act, Rules & Regulations) | Filed against the company by Hindustan Zinc Limited Through Authorised Representative Deputy Manager Registered Office at Yashad Bhawan, Swaroop Nagar, ,Udaipur , Rajasthan | Pending |
| High Court, RAJASTHAN | Writ petition | Filed against the company by Hindustan Zinc Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Hindustan Zinc Limited and 1 other | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Hindustan Zinc Limited and 1 other | Disposed |
| High Court of Delhi | Arbitration matter | Filed against the company by NHPC Ltd. | Disposed |
To see the full case history of Mahindra Susten 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.
Credit ratings & regulatory alerts
Mahindra Susten Private Limited was last rated by Indiarating on 08 Dec 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 08 Dec 2022 |
To see the full credit ratings and regulatory alerts of Mahindra Susten Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mahindra Susten Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Mahindra Susten has 7 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 |
|---|---|---|
| Mega Suryaurja Private Limited | U40103MH2012PTC226016 | |
| Brightsolar Renewable Energy Private Limited | U40108MH2013PTC250683 | |
| Martial Solren Private Limited | U40108MH2020PTC344712 | |
| Megasolis Renewables Private Limited | U40300MH2010PTC205946 | |
| Marvel Solren Private Limited | U74120MH2015PTC269074 | |
| Astra Solren Private Limited | U74120MH2015PTC269256 |
To see the full group structure of Mahindra Susten Private Limited, buy the company report.
Employees & EPFO
Mahindra Susten Private Limited has a workforce of 184 employees on its EPFO records as of Feb 07, 2025, across 1 active EPFO establishment.
GST
Mahindra Susten has 25 GST registrations: 22 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM8122L1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AAGCM8122L2Z5 | Maharashtra | Active | 08 Aug 2017 |
| 03AAGCM8122L1ZG | Punjab | Active | 01 Jul 2017 |
| 06AAGCM8122L1ZA | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahindra Susten Private Limited, buy the company report.
Recent activity
Mahindra Susten Private Limited has 42 board changes on record since 2011: 11 appointments and 31 cessations. The latest: Avinash Prabhakar Rao ceased to be Additional Director on 25 Sep 2025.
80 earlier events are in the company report.
News
Frequently asked questions
Mahindra Susten is an active private limited company based in Mumbai, Maharashtra, India. The company works in plumbing services and construction specialties, within the construction industry. It was incorporated on 19 September 2010 (16+ years old) and is registered under CIN U74990MH2010PTC207854.
Mahindra Susten has 11 current directors and KMP:
- Avinash Prabhakar Rao - Managing Director
- Diwakar Gupta - Director
- Amarjyoti Barua - Director
- Amit Kumar Sinha - Director
- Anjali Gupta - Director
- Debapratim Hajara - Director
- Saurabh Rastogi - Director
- Puneet Renjhen - Director
- Ramesh Ganesh Iyer - Director
- Bruce Ross Crane - Director
- Rakesh Khaitan - Cfo
The latest financial statements of Mahindra Susten on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mahindra Susten is 27AAGCM8122L1Z6, registered in Maharashtra. The company has 25 GST registrations in all, of which 22 are active and 3 are cancelled or inactive. Other active GSTINs include 27AAGCM8122L2Z5 (Maharashtra), 03AAGCM8122L1ZG (Punjab), 06AAGCM8122L1ZA (Haryana).
The CIN (Corporate Identification Number) of Mahindra Susten is U74990MH2010PTC207854. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahindra Susten has 36 court cases on record: 14 filed by the company and 23 filed against it. 5 are pending. Most are in the high courts.
Mahindra Susten was incorporated on 19 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Mahindra Susten has 14 deals on record (7 rights issues, 3 acquisitions, 3 secondary share transfers), with disclosed funding of ₹2.5 Cr; the latest was in August 2025.
Avinash Prabhakar Rao ceased to be Additional Director on 25 Sep 2025. Avinash Prabhakar Rao was appointed as Managing Director on 24 Sep 2025. Amarjyoti Barua ceased to be Additional Director on 21 Jul 2024. Mahindra Susten has 42 board changes on record in total.
Mahindra Susten can be reached through the website mahindrasusten.com. Its registered office is in Mumbai, Maharashtra, India.
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