About Marvel Solren Private Limited
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Marvel Solren 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 10 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2015PTC269074. Its GSTIN is 27AAJCM9843R1ZD (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹27.82 Cr. It is led by directors including Sriram Ramachandran and Manaswini Goel.
Its last annual general meeting (AGM) was held on 14 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 2025, the company reported a revenue of ₹21.36 Cr. For the same year it recorded a net profit of ₹46.91 Lakh (net margin 2.2%) and EBITDA of ₹16.45 Cr (EBITDA margin 77%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 13% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mahindra and Mahindra Susten. As per MCA filings, the company has open charges of ₹111.7 Cr on record.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressMahindra Towers Pandurang Budhkar Marg Nr.Doordarshan Kendra Worli, Mumbai, Maharashtra, India – 400018
- IndustryEnvironment, Solar Energy Solutions
- 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
- One PDF report, delivered after checkout
Associated Brands with Marvel Solren Private Limited
Marvel Solren operates two associated brands: Mahindra and Mahindra Susten. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations span automotive, agriculture, and financial services. | mahindra.com | |
| Turnkey EPC services for solar power plants are provided. | mahindrasusten.com |
Competitors & Alternatives of Marvel Solren Private Limited
Brands and companies operating in the same space as Marvel Solren Private Limited include Fourth Partner Energy, Tata Motors, Ford and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Fourth Partner Energy | On-grid and off-grid solar solutions and products are provided. | Hyderabad, India | 2010 |
 Tata Motors | Cars, trucks, buses, and electric vehicles are manufactured. | Mumbai, India | 1868 |
 Ford | Automobiles and commercial vehicles are manufactured by Ford. | United States | 1903 |
 Eicher Motors | Commercial vehicles and two-wheelers are manufactured by Eicher Motors. | Gurugram, India | 1948 |
 GREW | Provider of a range of solar products and services | Ahmedabad, India | 2022 |
 Sukhbir Agro Energy | Renewable energy solutions are provided via solar and waste-to-energy initiatives. | Delhi, India | 1999 |
 Greaves Electric Mobility | Manufacturer of electric two and three-wheelers for personal and commercial use | Bengaluru, India | 2008 |
 Sterling And Wilson | EPC and MEP services are provided across diverse sectors. | Mumbai, India | 1927 |
 Motovolt | Electric bicycles with advanced features are developed by Motovolt. | Kolkata, India | 2019 |
 Bajaj Auto | Bikes, mopeds, and three-wheelers are manufactured as core products. | Pune, India | 1945 |
Business Activity of Marvel Solren Private Limited
The main business activity of Marvel Solren is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Marvel Solren Private Limited
Marvel Solren Private Limited is audited by B. K. Khare & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B. K. Khare & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Marvel Solren Private Limited
Marvel Solren has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sriram Ramachandran Also directs: Jade Hybren Private Limited, Neon Hybren Private Limited, Orion Hybren Private Limited and 5 more | Director | 09 Nov 2017 | 8 Years 10 Months | Current |
| Manaswini Goel Also directs: Mahindra Summit Agriscience Limited, Novavayu Aerospace Limited, Mahindra Advanced Technologies Limited and 4 more | Director | 29 Sep 2023 | 3 Years 0 Months | Current |
| Avinash Prabhakar Rao Also directs: Mahindra Sustainable Energy Private Limited, Mahindra Teqo Private Limited, Mahindra Solarize Private Limited and 3 more | Additional Director | 27 Oct 2025 | 0 Years 11 Months | Current |
Financials of Marvel Solren Private Limited FY 2025 filings available
Marvel Solren Private Limited reported revenue of ₹21.36 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR) of Marvel Solren Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years. EBITDA fell 4% 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 of Marvel Solren Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹16.45 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹46.91 Lakh | •••• | •••• | •••• | •••• |
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Financial Ratios of Marvel Solren Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 77% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
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| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
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Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Marvel Solren are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Marvel Solren Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Marvel Solren Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2021 | Others | ₹43.72 Cr | Open |
| 26 Feb 2020 | Others | ₹8.52 Cr | Open |
| 14 Jun 2018 | Others | ₹59.46 Cr | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Marvel Solren Private Limited
Marvel Solren Private Limited has a workforce of 2 employees as of Apr 04, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Marvel Solren Private Limited
Marvel Solren has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCM9843R1ZD | Maharashtra | Active | 29 Jan 2018 |
| 29AAJCM9843R1Z9 | Karnataka | Active | 14 Oct 2017 |
| 36AAJCM9843R1ZE | Telangana | Active | 29 Jan 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Marvel Solren Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Marvel Solren Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Marvel Solren Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Marvel Solren Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Marvel Solren Private Limited
Frequently Asked Questions about Marvel Solren Private Limited
Marvel Solren 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 10 October 2015 (11+ years old) and is registered under CIN U74120MH2015PTC269074.
Marvel Solren reported revenue of ₹21.36 Cr for FY 2025.
Marvel Solren has 3 current directors:
- Sriram Ramachandran - Director
- Manaswini Goel - Director
- Avinash Prabhakar Rao - Additional Director
Marvel Solren reported a net profit of ₹46.91 Lakh (net margin 2.2%) and EBITDA of ₹16.45 Cr (EBITDA margin 77%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Marvel Solren is 4% over three years and 13% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Marvel Solren is 27AAJCM9843R1ZD, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAJCM9843R1Z9 (Karnataka), 36AAJCM9843R1ZE (Telangana).
The CIN (Corporate Identification Number) of Marvel Solren is U74120MH2015PTC269074. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Marvel Solren was incorporated on 10 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
Marvel Solren can be reached through the website mahindrasusten.com. Its registered office is in Mumbai, Maharashtra, India.