The Mahindra Group has established Steer Hybren Private Limited as a wholly owned subsidiary of Mahindra Susten Private Limited. Incorporated on November 29, 2024, in Mumbai, the new entity is designed to enhance the group’s presence in renewable energy solutions. Steer Hybren will operate as an Independent Power Producer (IPP), focusing on rooftop solar systems for commercial, industrial, institutional, and residential applications.
Its portfolio will also include energy storage systems and other renewable energy projects. The subsidiary has an initial paid-up capital of ₹15 lakh, comprising 1,50,000 equity shares entirely subscribed by Mahindra Susten. Through Steer Hybren, the Mahindra Group aims to address the rising demand for sustainable energy across diverse sectors.
Steer Hybren Private Limited is a renewable energy-focused entity recently established as a wholly owned subsidiary of Mahindra Susten Private Limited. The company aims to contribute to the growing demand for sustainable energy by operating as an Independent Power Producer (IPP).
Steer Hybren’s offerings include rooftop solar installations for commercial, industrial, institutional, and residential sectors, as well as advanced energy storage solutions and other renewable energy technologies. By leveraging Mahindra’s expertise in sustainable practices, Steer Hybren is poised to drive innovation and deliver efficient, clean energy solutions across diverse markets.
Mahindra Susten Private Limited is the renewable energy arm of the Mahindra Group, specializing in solar power projects and sustainable energy solutions. The company provides a wide range of services, including engineering, procurement, and construction (EPC) of utility-scale solar power plants, operations and maintenance, rooftop solar solutions, and energy storage systems. With a strong emphasis on innovation, Mahindra Susten is committed to fostering a green energy transition in India and globally. Its initiatives align with the Mahindra Group’s larger vision of sustainability and environmental stewardship, positioning it as a leader in the renewable energy sector.
