Mahindra Susten

Mahindra Susten is a renewable energy company. It is involved in investment in solar power production and the development of renewable energy assets. The company also provides EPC projects from solar panel installation, sit survey, and feasibility report to the lifetime maintenance of the plan. Besides, it delivers solar rooftop systems for municipalities, universities, schools, and hospitals.

Employee Rating

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TypeSubsidiary
Parent CompanyMahindra & Mahindra
HQMumbai, IN
Founded2010
Websitemahindrasusten.com
Cybersecurity ratingAMore
Mahindra Susten was founded in 2010 and is headquartered in Mumbai, IN

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Key People/Management at Mahindra Susten

Basant Jain

Basant Jain

MD & Chief Executive Officer
Rakesh Singh

Rakesh Singh

CEO Utility and C&I Business
Pramod Kalyanshetti

Pramod Kalyanshetti

Chief Commercial Officer
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Mahindra Susten Office Locations

Mahindra Susten has offices in Mumbai, Chennai and New Delhi
Mumbai, IN (HQ)
7th floor, Raheja Platinum, Sag Baug Road, off, Andheri – Kurla Rd, Marol, Andheri East
Chennai, IN
Mahindra Towers, Door No. 17/18, Mahindra Towers, 1st Floor, Patullos Road, Mount Road
New Delhi, IN
7th Floor, 701, DLF Courtyard, Office Block, Saket
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Mahindra Susten Financials and Metrics

Summary Metrics

Founding Date

2010
Mahindra Susten is a subsidiary of Mahindra & Mahindra

Mahindra Susten Revenue

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Mahindra Susten's revenue was reported to be ₹11.53 b in FY, 2018 which is a 6.2% decrease from the previous period.
INRFY, 2016FY, 2017FY, 2018

Revenue

10.0b12.3b11.5b

Revenue growth, %

23%(6%)

Cost of goods sold

7.7b10.7b9.3b

Gross profit

2.3b1.6b2.3b
INRFY, 2016FY, 2017FY, 2018

Cash

62.6m23.2m1.9b

Accounts Receivable

3.4b5.6b3.0b

Inventories

285.1m18.9m516.5m

Current Assets

3.9b6.2b6.4b
INRFY, 2016FY, 2017FY, 2018

Net Income

210.6m418.9m469.7m

Depreciation and Amortization

27.9m46.0m210.1m

Inventories

(33.0m)15.1m(497.5m)

Accounts Payable

1.6b(327.7m)432.7m
INRFY, 2016

Financial Leverage

2.4 x
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Mahindra Susten Revenue Breakdown

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Mahindra Susten revenue breakdown by business segment: 85.2% from EPC Contracts, 6.2% from Construction contracts and 8.6% from Other

Mahindra Susten Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Mahindra Susten Online and Social Media Presence

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Mahindra Susten News and Updates

Brookfield nears deal for Mahindra’s EPC biz, solar units

Canada’s Brookfield Asset Management Inc. has signed an exclusivity agreement to buy Mahindra Susten’s engineering, procurement and construction (EPC) business, besides 1,200 megawatts (MW) of solar assets, at an enterprise value of around ₹5,000 crore, two people aware of the development said.

Mahindra Susten Blogs

Marrying the forces of the Sun and the Wind

Read all about Wind-Solar Hybrid: India’s Next Wave of Renewable Energy Growth It’s 2021…already!! A lot has transpired in the year gone by and while we are all eager to move over the past, there are some important learnings from this decade that require our urgent attention. Climate change is perha…

Opportunities and challenges in the Solar Industry

Many regions in India are blessed with abundant sunlight for more than 200 days of the year – a luxury that most countries in the world are able to enjoy for much lesser number of days. This is due to India’s prominent location near the Equator which makes it possible for the country to receive […] …

Amazing Solar Solutions

Solar energy is all about harnessing the goodness of the sun’s energy to power modern civilization on Earth. Solar energy has the potential to contribute positively towards almost everything that requires power to function. Today we have the technology to ably capture and utilize direct sunlight to …

Advantage: Rooftop Solar

Highlights of Rooftop Solar  Rooftop solar systems require lesser water when compared to ground-mounted solar power plants (for cleaning purposes). Plus, additional land acquisition, which is always the bane of any project, is not an issue with rooftop solar solutions. Off grid rooftop solar solutio…

Did you know that a carport can also be a potential Solar Panel hub? Here’s a look at what they are and how they work

The increasing adoption of Solar Technology has led to some innovative inventions and practical applications. One such application is found in solar carports. Solar Carports are an offshoot of traditional carports that provide shade and protection to a vehicle.  Solar carports use similar equipment …

Thinking about going Solar efficient? Here’s how to start with a Solar EPC Company

Since the industrial revolution, human activities have been impacting the environment negatively by burning fossil fuels for energy, releasing CO2 into the atmosphere causing climate change. Nature has its way to mend itself so it is obvious that our planet will survive. The main question is will hu…
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Mahindra Susten Frequently Asked Questions

  • When was Mahindra Susten founded?

    Mahindra Susten was founded in 2010.

  • Who are Mahindra Susten key executives?

    Mahindra Susten's key executives are Basant Jain, Rakesh Singh and Pramod Kalyanshetti.

  • How many employees does Mahindra Susten have?

    Mahindra Susten has 610 employees.

  • What is Mahindra Susten revenue?

    Latest Mahindra Susten annual revenue is ₹11.5 b.

  • What is Mahindra Susten revenue per employee?

    Latest Mahindra Susten revenue per employee is ₹18.9 m.

  • Who are Mahindra Susten competitors?

    Competitors of Mahindra Susten include Tata Power Solar, SunBorne Energy and Refex Energy.

  • Where is Mahindra Susten headquarters?

    Mahindra Susten headquarters is located at 7th floor, Raheja Platinum, Sag Baug Road, off, Andheri – Kurla Rd, Marol, Andheri East, Mumbai.

  • Where are Mahindra Susten offices?

    Mahindra Susten has offices in Mumbai, Chennai and New Delhi.

  • How many offices does Mahindra Susten have?

    Mahindra Susten has 3 offices.