About Mecpower Solutions Limited
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Mecpower Solutions Limited is a public limited company based in Vadodara, Gujarat, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 03 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35105GJ2016PLC093940. Its GSTIN is 24AAKCM5935D1ZI (Gujarat).
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.05 Cr. It was formerly known as Mecpower Solutions Private Limited. It is led by directors including Manoj Narendrabhai Shah and Kanchanlal Nemchand Shah.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Vadodara, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹101.61 Cr, a growth of 54% compared to the previous year. For the same year it recorded a net profit of ₹4.18 Cr (net margin 4.1%) and EBITDA of ₹7.65 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 46% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The company is associated with 1 brand: MECpower Solutions. As per MCA filings, the company has open charges of ₹105.64 Cr and satisfied charges of ₹15.48 Cr on record. The company has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.09 Cr; the latest was in February 2025. Its 10 peer companies in the Power industry (EPC, BoP and BTG, Electronic Appliances Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Spontaneous Communications Private Limited with revenue of ₹102.83 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 mecpower.in.
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- Registered AddressFourth Floor Office Number 02/03, Landmark Nr. Priya Cinema Sevasi Canal Road Tp – 02, Vadodara, Gujarat, India – 391101
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
- 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
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Financials of Mecpower Solutions Limited FY 2024 filings available
Mecpower Solutions Limited reported revenue of ₹101.61 Cr (up 54% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mecpower Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years, including 54% growth in the latest year. EBITDA rose 374% 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 Mecpower Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹7.65 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.18 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mecpower Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
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 Mecpower Solutions are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Mecpower Solutions Limited
Mecpower Solutions Limited is compared with the companies closest to it by revenue in the Power industry (EPC, BoP and BTG, Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spontaneous Communications Private Limited | ₹102.83 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Delhi, India |
| Instant Consumer Tech Private Limited | ₹102.59 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Jaipur, Rajasthan, India |
| Axis Energy Ventures India Private Limited | ₹102.01 Cr (FY 2025) | •••• | •••• | 91.0% | •••• | Hyderabad, Telangana, India |
| Snehanjali Electronics and Trading Private Limited | ₹101.86 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Mumbai, Maharashtra, India |
| Amar Communication Private Limited | ₹101.65 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Chennai, Tamil Nadu, India |
| Mecpower Solutions Limited this company | ₹101.61 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Vadodara, Gujarat, India |
| Temflo Systems Private Limited | ₹101.5 Cr (FY 2022) | •••• | •••• | 407.0% | •••• | Uttar Pradesh, India |
| Accurate Powertech India Private Limited | ₹101.45 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Pune, Maharashtra, India |
| Gridfree Solar Energy Limited | ₹101.44 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Bhilwara, Rajasthan, India |
| Hensel Electric India Private Limited | ₹101.42 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| HVR Solar Limited | ₹101.37 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Mecpower Solutions by revenue in the Power industry (EPC, BoP and BTG, Electronic Appliances Retail and Distribution), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Mecpower Solutions Limited
Mecpower Solutions has 6 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Narendrabhai Shah Also directs: Mecpower Mobility Private Limited, Mecrenewables Energy Private Limited, Reewaa Energies and Infra Private Limited and 1 more | Director | 03 Oct 2016 | 10 Years 0 Months | Current |
| Kanchanlal Nemchand Shah | Director | 03 Oct 2016 | 10 Years 0 Months | Current |
| Setul Kanchanlal Shah | Director | 03 Oct 2016 | 10 Years 0 Months | Current |
| Kiran Rajesh Mishra | Director | 21 Apr 2023 | 3 Years 5 Months | Current |
| Devansh Shah Also directs: Mecpower Mobility Private Limited, Kahn Mecpower Energy Private Limited, MSL Solar Projects-2 Private Limited and 5 more | Director | 21 Apr 2023 | 3 Years 5 Months | Current |
| Ashokkumar Jivaraj Chavda Also directs: Deon Energy Limited | Additional Director | 22 May 2025 | 1 Years 4 Months | Current |
Charges & Borrowings of Mecpower Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Oct 2025 | Axis Bank Limited | ₹40 Cr | Open |
| 08 Aug 2025 | Others | ₹6 Cr | Open |
| 09 Aug 2024 | Hdfc Bank Limited | ₹14.4 Lakh | Open |
| 22 Aug 2023 | Hdfc Bank Limited | ₹59.5 Cr | Open |
| 09 Sep 2022 | Axis Bank Limited | ₹6.5 Cr | Satisfied |
Total charge records: 8 View all charges
Deals & Funding of Mecpower Solutions Limited
Mecpower Solutions Limited has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.09 Cr; the latest was in February 2025.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Funding round | ₹2 Cr | Investors: Niveshaay Hedgehogs LLP , Jignesh V Shah HUF, 2 individuals |
| Oct 2024 | Funding round | ₹6 Cr | Investors: Dhanesha Advisory LLP , an individual |
| Oct 2021 | Funding round | ₹9 Lakh | Investors: 4 individuals |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Mecpower Solutions Limited
Mecpower Solutions operates one associated brand: MECpower Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers end-to-end power solutions and EPC services for the renewable energy sector. | mecpower.in |
Employees and EPFO Compliance at Mecpower Solutions Limited
Employment history and EPFO contributions of people linked to Mecpower Solutions.
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.
CIN History of Mecpower Solutions Limited
Mecpower Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U35105GJ2016PLC093940, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35105GJ2016PLC093940 | Current |
| U74999GJ2016PLC093940 | Previous |
| U74999GJ2016PTC093940 | Previous |
News related to Mecpower Solutions Limited
Recent Activity on Mecpower Solutions Limited
Mecpower Solutions Limited has 8 board changes on record since 2016: 6 appointments and 2 cessations. The latest: Bharat Vadilal Shah ceased to be Director on 31 May 2025.
14 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mecpower Solutions 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 Mecpower Solutions 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 Mecpower Solutions 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.
GST Compliance of Mecpower Solutions Limited
Mecpower Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM5935D1ZI | Gujarat | Active | 01 Jul 2017 |
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.
MCA Filings & Documents of Mecpower Solutions 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.
Frequently Asked Questions about Mecpower Solutions Limited
Mecpower Solutions is an active public limited company based in Vadodara, Gujarat, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 03 October 2016 (10+ years old) and is registered under CIN U35105GJ2016PLC093940.
Mecpower Solutions reported revenue of ₹101.61 Cr for FY 2024 (up 54% YoY).
Mecpower Solutions has 6 current directors:
- Manoj Narendrabhai Shah - Director
- Kanchanlal Nemchand Shah - Director
- Setul Kanchanlal Shah - Director
- Kiran Rajesh Mishra - Director
- Devansh Shah - Director
- Ashokkumar Jivaraj Chavda - Additional Director
Mecpower Solutions reported a net profit of ₹4.18 Cr (net margin 4.1%) and EBITDA of ₹7.65 Cr (EBITDA margin 7.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mecpower Solutions is -4% over three years and 46% over five years. In the latest year (FY 2024) revenue rose 54%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mecpower Solutions is 24AAKCM5935D1ZI, registered in Gujarat.
The CIN (Corporate Identification Number) of Mecpower Solutions is U35105GJ2016PLC093940. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mecpower Solutions was incorporated on 03 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Mecpower Solutions has 4 deals on record (3 funding rounds, 1 secondary share transfer), with disclosed funding of ₹8.09 Cr; the latest was in February 2025.
The peers of Mecpower Solutions by revenue are Spontaneous Communications Private Limited, Instant Consumer Tech Private Limited, Axis Energy Ventures India Private Limited, Snehanjali Electronics and Trading Private Limited, Amar Communication Private Limited and 5 more, all in the Power industry (EPC, BoP and BTG, Electronic Appliances Retail and Distribution).
Bharat Vadilal Shah ceased to be Director on 31 May 2025. Ashokkumar Jivaraj Chavda was appointed as Additional Director on 22 May 2025. Devansh Shah was appointed as Director on 21 Apr 2023. Mecpower Solutions has 8 board changes on record in total.