Mindra EV Private Limited
About Mindra EV Private Limited
Data last updated:
Mindra EV Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 31 May 2022.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U32309GJ2022PTC132525. Its GSTIN is 24AAPCM8339J1ZW (Gujarat).
The company has an authorised share capital of ₹1.15 Lakh and a paid-up capital of ₹1.07 Lakh. It is led by directors including Dhaval Hasmukhlal Shah and Jainam Miteshbhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No 160 Devraj Industrial Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.28 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹64.03 Lakh (net margin 2.2%) and EBITDA of ₹2.01 Cr (EBITDA margin 6.9%).
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Mindra EV. As per MCA filings, the company has open charges of ₹9.26 Cr and satisfied charges of ₹5 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.5 Cr; the latest was in March 2024. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing) are compared by revenue, 5 larger and 5 smaller; the largest is Demont Home Appliances Manufacturing Private Limited with revenue of ₹30.22 Cr.
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- Registered AddressPlot No 160 Devraj Industrial Park, Piplaj – Pirana Road, Ahmedabad, Gujarat, India – 382405
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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
Business Activity of Mindra EV Private Limited
The main business activity of Mindra EV is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | 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.
Financials of Mindra EV Private Limited FY 2025 filings available
Mindra EV Private Limited reported revenue of ₹29.28 Cr (up 463% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mindra EV Private Limited
Revenue rose 463% in the latest year. EBITDA rose 669% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Mindra EV Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹29.28 Cr | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹2.01 Cr | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹64.03 Lakh | •••• |
| 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 | •••• | •••• |
| Cash and Bank Balance | •••• | •••• |
| Total Assets | •••• | •••• |
Financial Ratios of Mindra EV Private Limited
| Metrics | FY 2023-24 | FY 2022-23 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6.9% | •••• |
| Net Profit Margin | 2.2% | •••• |
| 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 Mindra EV are in the company report.
Financial statements from FY 2023
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 Mindra EV Private Limited
Mindra EV Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Demont Home Appliances Manufacturing Private Limited | ₹30.22 Cr (FY 2017) | •••• | •••• | 987.0% | •••• | Mumbai, Maharashtra, India |
| Sage Automation Group (India) Private Limited | ₹29.82 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Pune, Maharashtra, India |
| MSR India Limited Listed | ₹29.66 Cr (FY 2021) | •••• | •••• | -41.0% | •••• | Telangana, India |
| Mindbowser Infosolutions Private Limited | ₹29.39 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Pune, Maharashtra, India |
| Shivam Electronics India Private Limited | ₹29.34 Cr (FY 2024) | •••• | •••• | 56.0% | •••• | New Delhi, Delhi, India |
| Mindra EV Private Limited this company | ₹29.28 Cr (FY 2024) | •••• | •••• | 463.0% | •••• | Ahmedabad, Gujarat, India |
| Neuation Technologies Private Limited | ₹29.24 Cr (FY 2021) | •••• | •••• | 43.0% | •••• | Kalol, Gujarat, India |
| Aura Bright Light India Private Limited | ₹29.22 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ahmedabad, Gujarat, India |
| Europlak SV Cucine India Limited | ₹29.19 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Pune, Maharashtra, India |
| Samudra Electronic System Private Limited | ₹29.18 Cr (FY 2024) | •••• | •••• | 66.0% | •••• | Pune, Maharashtra, India |
| Modern Electrofab Private Limited | ₹29.1 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Mindra EV by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mindra EV Private Limited
Mindra EV Private Limited is audited by Manan Shah & Co. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Manan Shah & 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 Mindra EV Private Limited
Mindra EV has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dhaval Hasmukhlal Shah Also directs: Oliva Battery Technologies Private Limited, Nessa Illumination Technologies Private Limited, Swasemi Private Limited and 1 more | Director | 25 Jan 2023 | 3 Years 8 Months | As last reported |
| Jainam Miteshbhai Shah Also directs: Mindra Green Energy LLP, Mindra New Energy Private Limited | Director | 31 May 2022 | 4 Years 4 Months | As last reported |
| Khushbu Dhavalbhai Shah | Director | 31 May 2022 | 4 Years 4 Months | As last reported |
| Dhairya Miteshbhai Shah | Director | 31 May 2022 | 4 Years 4 Months | As last reported |
Ownership and Shareholding of Mindra EV 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 Mindra EV Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jul 2024 | Others | ₹9 Cr | Open |
| 07 Nov 2022 | Hdfc Bank Limited | ₹26 Lakh | Open |
| 11 Sep 2023 | Hdfc Bank Limited | ₹5 Cr | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Mindra EV Private Limited
Mindra EV Private Limited has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.5 Cr; the latest was in March 2024.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2023 | Funding round | ₹1.5 Cr | Investors: 4 individuals |
| Oct 2022 | Rights issue | ₹74.2 Lakh | Investors: Sanghvi Infotech Private Limited |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: 2 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.
Legal Cases of Mindra EV Private Limited
Mindra EV Private Limited has 3 court cases on record: 2 filed by Mindra EV, 1 filed against it. 2 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
| High courts | 1 | 1 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Minda Spectrum Advisory Limited. | Pending |
| District court, Ahmedabad, Gujarat | Court case (SPCS) | Filed by the company against an individual | Pending |
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against an individual | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Mindra EV Private Limited
Mindra EV operates one associated brand: Mindra EV. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality electric vehicle chargers for commercial use. | mindraev.com |
Employees and EPFO Compliance at Mindra EV Private Limited
Mindra EV Private Limited has a workforce of 31 employees as of Sep 25, 2025.
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.
Recent Activity on Mindra EV Private Limited
Mindra EV Private Limited has 5 board changes on record since 2022: 4 appointments and 1 cessation. The latest: Dhaval Hasmukhlal Shah ceased to be Additional Director on 29 Sep 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mindra EV 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 Mindra EV 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 Mindra EV 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.
GST Compliance of Mindra EV Private Limited
Mindra EV has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCM8339J1ZW | Gujarat | Active | 28 Jul 2022 |
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 Mindra EV 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.
Frequently Asked Questions about Mindra EV Private Limited
Mindra EV is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Mindra EV is a company under insolvency, formerly operating as a private limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 31 May 2022 and is registered under CIN U32309GJ2022PTC132525. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Mindra EV reported revenue of ₹29.28 Cr for FY 2024 (up 463% YoY).
Mindra EV has 4 current directors:
- Dhaval Hasmukhlal Shah - Director
- Jainam Miteshbhai Shah - Director
- Khushbu Dhavalbhai Shah - Director
- Dhairya Miteshbhai Shah - Director
Mindra EV reported a net profit of ₹64.03 Lakh (net margin 2.2%) and EBITDA of ₹2.01 Cr (EBITDA margin 6.9%) for FY 2024, as per its filed financial statements.
The CIN (Corporate Identification Number) of Mindra EV is U32309GJ2022PTC132525. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mindra EV has open charges of ₹9.26 Cr and satisfied charges of ₹5 Cr as per latest MCA filings.
Mindra EV has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the nclt.
Mindra EV was incorporated on 31 May 2022. It is registered with the Registrar of Companies, Ahmedabad.
Mindra EV has 4 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹1.5 Cr; the latest was in March 2024.
The peers of Mindra EV by revenue are Demont Home Appliances Manufacturing Private Limited, Sage Automation Group (India) Private Limited, MSR India Limited, Mindbowser Infosolutions Private Limited, Shivam Electronics India Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).