DPIIT recognised startup Government of India
Startup India
Mindra Green Energy LLP
Mindra Green Energy LLP - automotive in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹35.5 Cr
Latest filing
Net profit · FY 2024
₹58.93 Lakh
Net margin 1.7%
EBITDA · FY 2024
₹28.98 Lakh
EBITDA margin 0.8%
Contribution obligation
₹2.29 Cr
As per LLP agreement
Open charges
₹8.1 Cr
Satisfied ₹6.5 Cr
LLP age
9 yrs
Est. 2017
Employees · EPFO
19
Provident fund records
Designated partners
3
As per MCA filings
About Mindra Green Energy LLP
Data last updated:
Mindra Green Energy LLP is a limited liability partnership (LLP) based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the electrical and bio fuel vehicles segment of the automotive sector. It was incorporated on 28 December 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAL-5264. Its GSTIN is 24ABHFM6198B1Z8 (Gujarat).
The LLP has a total obligation of contribution of ₹2.29 Cr. It is led by designated partners including Jainam Miteshbhai Shah and Khushbu Dhavalbhai Shah.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 160 Devraj Industrial Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹35.5 Cr. For the same year it recorded a net profit of ₹58.93 Lakh (net margin 1.7%) and EBITDA of ₹28.98 Lakh (EBITDA margin 0.8%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 46% over five years.
The LLP has about 19 employees on its provident fund (EPFO) records.
The LLP is associated with 1 brand: Mindra. As per MCA filings, the LLP has open charges of ₹8.1 Cr and satisfied charges of ₹6.5 Cr on record. Court records list 9 cases involving the LLP, including 4 filed by the LLP and 5 filed against it; 5 cases are pending.
Mindra Green Energy LLP is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0018469).
Company details
LLPIN AAL-5264
Incorporation Date 28 December 2017
Total Obligation of Contribution ₹2.29 Cr
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0018469
Key People
Jainam Miteshbhai Shah Designated Partner Khushbu Dhavalbhai Shah Designated Partner Dhairya Miteshbhai Shah Designated Partner Recognitions & Rankings of Mindra Green Energy
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0018469
Contact details
Mindra Green Energy LLP's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No. 160 Devraj Industrial Park, Piplaj – Pirana Road, Ahmedabad, Gujarat, India – 382405
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
To see the full contact details of Mindra Green Energy LLP, buy the company report.
Comprehensive company report
Mindra Green Energy LLP - one report that includes everything
- 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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Brands
Mindra Green Energy operates one associated brand: Mindra. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Solar inverters are provided by Mindra for renewable energy applications. | mindragreen.com |
Financials of Mindra Green Energy LLP
FY 2025 filings availableMindra Green Energy LLP reported revenue of ₹35.5 Cr for FY 2024.
Revenue · FY 2024
₹35.5 Cr
Net profit · FY 2024
₹58.93 Lakh margin 1.7%
EBITDA · FY 2024
₹28.98 Lakh margin 0.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▲ 37%
5 years · compounded
▲ 46%
EBITDA CAGR growth
3 years · compounded
▼ 14%
Revenue has grown at a compounded annual rate (CAGR) of 46% over five years. 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
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹35.5 Cr | ||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹58.93 Lakh | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 1.7% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of Mindra Green Energy LLP, buy the company report.
Designated partners of Mindra Green Energy LLP
Mindra Green Energy has 3 current designated partners and 1 former designated partner. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jainam Miteshbhai Shah Also directs: Mindra New Energy Private Limited | Designated Partner | 28 Dec 2017 | 8 Years 10 Months | Current |
| Khushbu Dhavalbhai Shah Also directs: Unixo Servtech LLP, Fapp Entertainment LLP | Designated Partner | 25 May 2020 | 6 Years 5 Months | Current |
| Dhairya Miteshbhai Shah | Designated Partner | 30 Jun 2021 | 5 Years 4 Months | Current |
Peer comparison
Mindra Green Energy LLP is compared with the 10 companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles, Green Energy), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mindra Green Energy LLPthis company | ₹35.5 Cr (FY 2024) | ₹58.93 Lakh | 1.7% | 19 | Ahmedabad, Gujarat, India | |
| Shubh Mandhan Automotive Private Limited | ₹23.71 Cr (FY 2024) | 248.0% | Raipur, Chhattisgarh, India | |||
| JS Mobileon Private Limited | ₹23.4 Cr (FY 2025) | 3.0% | Delhi, India | |||
| Ins Automobiles Private Limited | ₹23.19 Cr (FY 2025) | 5455.0% | Azamgarh, Uttar Pradesh, India | |||
| Altigreen Propulsion Labs Private Limited | ₹23.19 Cr (FY 2025) | -81.0% | Malur, Karnataka, India | |||
| Dial E- Vahan Private Limited | ₹22.97 Cr (FY 2025) | 128.0% | Hisar, Haryana, India | |||
| Mercury Ev-Tech Limited | ₹22.53 Cr (FY 2024) | 40.0% | Karjan, Gujarat, India | |||
| Bhumi Green Energy Private Limited | ₹22.26 Cr (FY 2025) | -26.0% | Pune, Maharashtra, India | |||
| Nysha Mobility Tech Private Limited | ₹22.24 Cr (FY 2024) | 595.0% | Nelamangala, Karnataka, India | |||
| Zivah International Private Limited | ₹22.04 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Ashma-Motors Private Limited | ₹21.95 Cr (FY 2024) | 517.0% | Hooghly, West Bengal, India |
To see the full peer comparison of Mindra Green Energy LLP, buy the company report.
Charges & borrowings
Open charges
₹8.1 Cr
Satisfied charges
₹6.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2024 | 101002123 | Hdfc Bank Limited | ₹10.36 Lakh | Open | |
| 31 Jul 2024 | 100982517 | Icici Bank Limited | ₹8 Cr | Open | |
| 27 Dec 2019 | 100311693 | Hdfc Bank Limited | ₹6.5 Cr | Satisfied |
To see the full charge records of Mindra Green Energy LLP, buy the company report.
Total charge records: 3 View all charges
Legal cases
Mindra Green Energy LLP has 9 court cases on record: 4 filed by Mindra Green Energy, 5 filed against it. 5 cases are pending and 4 are disposed.
Total cases
9
Filed by the company
4
Filed against the company
5
Pending
5
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 3 | 3 |
| High courts | 2 | 2 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Anand, Gujarat | Commercial matter | Filed against the company by Sureshbhai Manibhai Prajapati Authorised Signalory Solex Energy Ltd | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Bajajfinancelimited Rep by A Arun | Pending |
| High Court of Delhi | Court case (C.O. (COMM.IPD-TM)) | Filed against the company by Minda Spectrum Advisory Limited & Ors. | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed by the company against an individual | Disposed |
To see the full case history of Mindra Green Energy LLP, 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Mindra Green Energy LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mindra Green Energy LLP has a workforce of 19 employees on its EPFO records as of Sep 24, 2025, across 1 active EPFO establishment.
Employee count
19
Active EPFO establishments
1
Employee growth
11.76%
GST
Mindra Green Energy has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABHFM6198B1Z8 | Gujarat | Active | 20 Feb 2018 |
To see the full GST registrations and return filing status of Mindra Green Energy LLP, buy the company report.
Recent activity
Mindra Green Energy LLP has 4 designated partner changes on record since 2017: 4 appointments. The latest: Dhairya Miteshbhai Shah was appointed as Designated Partner on 30 Jun 2021.
AGM
Mindra Green Energy Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Mindra Green Energy Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101002123 was registered on 18 Nov 2024.
Charges
A charge registered on 27 Dec 2019 via Charge ID 100311693 with Hdfc Bank Limited was fully satisfied on 23 Oct 2024.
Charges
A charge with Icici Bank Limited amounted to Rs. 8.00 Cr with Charge ID 100982517 was registered on 31 Jul 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 6.50 Cr registered on 27 Dec 2019 with Charge ID 100311693 was modified on 16 Jan 2024.
Appointed
Dhairya Miteshbhai Shah was appointed as Designated Partner.
Appointed
Khushbu Dhavalbhai Shah was appointed as Designated Partner.
Appointed
Sanjay Gunvantlal Mehta was appointed as Partner.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 6.50 Cr with Charge ID 100311693 was registered on 27 Dec 2019.
Appointed
Jainam Miteshbhai Shah was appointed as Designated Partner.
Incorporation
28 Dec 2017
Mindra Green Energy Llp was registered on 28 Dec 2017 with Roc Ahmedabad & aged 8 years 10 months as per MCA records.
Frequently asked questions
Mindra Green Energy is an active limited liability partnership based in Ahmedabad, Gujarat, India. The LLP works in electrical and bio fuel vehicles, within the automotive industry. It was incorporated on 28 December 2017 (9+ years old) and is registered under LLPIN AAL-5264.
Mindra Green Energy has 3 current designated partners:
- Jainam Miteshbhai Shah - Designated Partner
- Khushbu Dhavalbhai Shah - Designated Partner
- Dhairya Miteshbhai Shah - Designated Partner
The latest financial statements of Mindra Green Energy on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Mindra Green Energy is 24ABHFM6198B1Z8, registered in Gujarat.
The LLPIN (Limited Liability Partnership Identification Number) of Mindra Green Energy is AAL-5264. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Mindra Green Energy has 9 court cases on record: 4 filed by the LLP and 5 filed against it. 5 are pending. Most are in the district courts.
Mindra Green Energy was incorporated on 28 December 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Mindra Green Energy by revenue are Shubh Mandhan Automotive Private Limited, JS Mobileon Private Limited, Ins Automobiles Private Limited, Altigreen Propulsion Labs Private Limited, Dial E- Vahan Private Limited and 5 more, all in the Automobiles industry (Electric and Bio Fuel Vehicles, Green Energy).
Dhairya Miteshbhai Shah was appointed as Designated Partner on 30 Jun 2021. Khushbu Dhavalbhai Shah was appointed as Designated Partner on 25 May 2020. Sanjay Gunvantlal Mehta was appointed as Partner on 25 May 2020. Mindra Green Energy has 4 designated partner changes on record in total.
Yes, Mindra Green Energy is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Mindra Green Energy is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0018469).
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