Company Intelligence Profile
Grinntech Motors and Services Private Limited
Grinntech (Grinntech Motors and Services Pvt Ltd) is an IIT-Madras-incubated, Chennai-headquartered lithium-ion battery technology company founded in 2013 by IIT alumni Puneet Jain and Nikhilesh Mishra.
CIN: U29220UR2013PTC000567ActiveRoC UttarakhandConfidence: medium
Last updated 17 August 2026
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AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
Confirmed| Registered name | Grinntech Motors and Services Private Limited |
|---|---|
| CIN | U29220UR2013PTC000567 |
| PAN | AAFCG0872L |
| Status | Active |
| Listing | Unlisted (private limited company) |
| Incorporated | 20 February 2013 |
| ROC | RoC Uttarakhand |
| Sector (NIC) | NIC — Manufacturing (Machinery & Equipment) / Automotive-Auto Parts & Components; engineering consultancy, wholesale trading of electrical equipment and machinery |
| Registered address |
|
| Authorized capital | ₹5,00,000 (₹5 lakh) |
| Paid-up capital | ₹1,96,000 (₹1.96 lakh) |
Business Overview
Confirmed- Grinntech (Grinntech Motors and Services Pvt Ltd) is an IIT-Madras-incubated, Chennai-headquartered lithium-ion battery technology company founded in 2013 by IIT alumni Puneet Jain and Nikhilesh Mishra
- It designs and manufactures Li-ion battery packs and proprietary battery management systems (BMS) for electric vehicles (two-wheelers, trucks) and energy-storage applications, offering everything from off-the-shelf battery packs to custom-engineered solutions and battery/cell analytics
- It won the Qualcomm Design in India Challenge in 2019 and has been described in media as an "investor-backed, growth-phase start-up." EPFO data shows an employee headcount of 42 as of 1 April 2024
- In February 2025, the company was acquired by Yuma Energy, a Battery-as-a-Service (BaaS) company, reported by EVReporter and EVTechNews around 20-21 Feb 2025 — this date lines up exactly with director Matteo Del Sorbo's appointment date (19 Feb 2025) on the MCA-linked registry pages, corroborating the deal
Directors
Partial / conflicting| Name | DIN | Role | Appointed |
|---|---|---|---|
| Matteo Del Sorbo | 09683937 | Director | 19 Feb 2025 |
| Pankaj Chowdhary | 07284001 | Nominee Director | 13 Sep 2023 |
Financials
Partial / conflicting- FY2024-25 (standalone, unaudited/aggregator-reported): Revenue ≈ ₹15.6 Cr, marked as +274.92%/+275% YoY growth — this figure is corroborated across two aggregator views, so treated as confirmed for revenue only
- EBITDA and PAT are paywalled on both aggregators ("Locked"/"GET PRO") — not obtained
- Net worth: aggregator flagged "Assets -30.63%" YoY but no absolute net-worth figure was retrievable — not obtained
- Borrowings: aggregator showed "+94.43%" YoY change but no absolute figure beyond the charges data below — partial
- No standalone vs consolidated distinction could be confirmed (likely standalone, single-entity filing, given no subsidiaries were found)
Funding
Partial / conflicting- Partial/not obtained in detail
- Company is described in aggregator/news commentary as "investor-backed, growth-phase start-up." One source (grinntech.com company narrative, via search-engine summary) mentioned the company had "recently raised $2 million in bridge funding," but no round name, date, or investor list could be confirmed — treat as partial/unconfirmed
- No Tracxn round-name data could be retrieved
- The clearest, best-corroborated corporate event is the February 2025 acquisition by Yuma Energy (BaaS company) — see related_parties
Charges & Borrowings
Partial / conflicting- Total charges: ₹6 Cr opened, ₹6 Cr since satisfied
- Lenders on the satisfied charges: Yes Bank Limited (₹3 Cr) and an unnamed "Others" lender (₹3 Cr)
- Marked partial given single primary source for the exact rupee breakdown
Competitors
ConfirmedLog9 Materials
Bengaluru, cell/battery manufacturer, larger scale/more funded
Exicom Tele-Systems
established EV charger + battery maker, larger/listed-adjacent scale
battery-as-a-service, comparable early/growth stage
Battery Smart
battery-swapping network, larger scale/more funded
Frequently Asked Questions
What does Grinntech Motors and Services Private Limited do?
Grinntech (Grinntech Motors and Services Pvt Ltd) is an IIT-Madras-incubated, Chennai-headquartered lithium-ion battery technology company founded in 2013 by IIT alumni Puneet Jain and Nikhilesh Mishra (founder names per company/media coverage — not independently confirmed via a registry filing, so treated as partial).
What is the CIN of Grinntech Motors and Services Private Limited?
The Corporate Identification Number (CIN) of Grinntech Motors and Services Private Limited is U29220UR2013PTC000567.
Where is Grinntech Motors and Services Private Limited registered?
Grinntech Motors and Services Private Limited is registered with RoC Uttarakhand (current registered office jurisdiction; company appears to have originally been registered under RoC Karnataka as CIN U29220KA2013PTC216456 — same incorporation date and same directo…. Registered address: 31/3 Rajpur Road-I, Dehradun, Uttarakhand, India – 248001 (Tofler, TheCompanyCheck — confirmed).
When was Grinntech Motors and Services Private Limited incorporated?
Grinntech Motors and Services Private Limited was incorporated on 20 February 2013 (Tofler, TheCompanyCheck — confirmed, 2 sources agree).
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