Mindra Green Energy LLP
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.
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- Registered AddressPlot No. 160 Devraj Industrial Park, Piplaj – Pirana Road, Ahmedabad, Gujarat, India – 382405
- IndustryAutomotive, Electrical and Bio Fuel Vehicles
- 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
Financials of Mindra Green Energy LLP FY 2025 filings available
Mindra Green Energy LLP reported revenue of ₹35.5 Cr for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mindra Green Energy LLP
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 of Mindra Green Energy LLP
| 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 of Mindra Green Energy LLP
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form 8. The full year-wise statements and ratios of Mindra Green Energy are in the company report.
Financial statements from FY 2018
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 Green Energy LLP
Mindra Green Energy LLP is compared with the companies closest to it by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles, Green Energy). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mindra Green Energy LLP this company | ₹35.5 Cr (FY 2024) | •••• | •••• | •••• | 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 Listed | ₹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 |
Peers are the five companies nearest above and the five nearest below Mindra Green Energy by revenue in the Automobiles industry (Electric and Bio Fuel Vehicles, Green Energy), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jainam Miteshbhai Shah Also directs: Mindra New Energy Private Limited | Designated Partner | 28 Dec 2017 | 8 Years 9 Months | Current |
| Khushbu Dhavalbhai Shah Also directs: Unixo Servtech LLP, Fapp Entertainment LLP | Designated Partner | 25 May 2020 | 6 Years 4 Months | Current |
| Dhairya Miteshbhai Shah | Designated Partner | 30 Jun 2021 | 5 Years 3 Months | Current |
Ownership and Shareholding of Mindra Green Energy LLP
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 Green Energy LLP
| Date | Lender | Amount | Status |
|---|---|---|---|
| 18 Nov 2024 | Hdfc Bank Limited | ₹10.36 Lakh | Open |
| 31 Jul 2024 | Icici Bank Limited | ₹8 Cr | Open |
| 27 Dec 2019 | Hdfc Bank Limited | ₹6.5 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Mindra Green Energy LLP
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. Status as checked between 21 Sep 2026 and 04 Oct 2026.
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 |
|---|---|---|---|
| High Court of Delhi | Court case (C.O. (COMM.IPD-TM)) | Filed against the company by Minda Spectrum Advisory Limited. | Pending |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by Bajaj Finance Limited | Pending |
| District court, Anand, Gujarat | Commercial matter | Filed against the company by Solex Energy Limited | 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 |
Full case history
All 9 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 Green Energy LLP
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 |
Employees and EPFO Compliance at Mindra Green Energy LLP
Mindra Green Energy LLP has a workforce of 19 employees as of Sep 24, 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 Green Energy LLP
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.
Credit Ratings, Litigation & Regulatory Alerts for Mindra Green Energy LLP
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 Green Energy LLP
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 Green Energy LLP
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 Green Energy LLP
Mindra Green Energy has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABHFM6198B1Z8 | Gujarat | Active | 20 Feb 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.
MCA Filings & Documents of Mindra Green Energy LLP
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 Green Energy LLP
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 reported revenue of ₹35.5 Cr for FY 2024.
Mindra Green Energy has 3 current designated partners:
- Jainam Miteshbhai Shah - Designated Partner
- Khushbu Dhavalbhai Shah - Designated Partner
- Dhairya Miteshbhai Shah - Designated Partner
Mindra Green Energy reported a net profit of ₹58.93 Lakh (net margin 1.7%) and EBITDA of ₹28.98 Lakh (EBITDA margin 0.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mindra Green Energy is 37% over three years and 46% over five years. CAGR is the steady yearly rate that links the first and the last year.
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.