Depth bar: LOW.
[~]= estimate,[!]= unverified. Company financials are shared with 05 Jose Mathew; this file focuses on Automotive / Haridwar / Uttarakhand suppliers, not Farm.
1. Company overview & snapshot
1.0 The connection — Sagar Hirapure
- Title: DGM, Product Planning, Mahindra Automotive (Thane). Portfolio covers Scorpio, powertrain and ePowertrain planning, EV commercial vehicles, and BS6 / CAFE regulatory planning. ~21 years’ experience.
- Energy interest: his LinkedIn shows he’s studying solar energy at GERMI (Gujarat Energy Research and Management Institute). A good personal opener.
- Authority: product strategy, not plants or the electricity bill. He knows powertrain and EV supplier sourcing (where new suppliers are being onboarded) and plant teams that build Scorpio.
- Connection status: 1st-degree LinkedIn connection.
- Best use: introductions to Haridwar plant operations and to the supplier-development / SSU people who manage Uttarakhand Tier-1 and Tier-2 suppliers.
Revenue range (all figures found)
| FY | Basis | Figure | Source |
|---|---|---|---|
| FY26 | Standalone revenue from operations | ₹1,45,576 Cr | FY26 audited results |
| FY26 | Consolidated revenue from operations | ₹1,97,793 Cr | FY26 audited results |
| FY26 | Segment: Automotive (consolidated) | ₹1,17,834 Cr | segment note |
| FY26 | Vehicle volumes | 11.18 lakh | results release |
Working revenue range: ₹1.46 lakh Cr standalone (FY26). Confidence: high. Far outside the ICP band; the angle is suppliers.
1.3 Footprint (Automotive, North India)
- Haridwar (SIDCUL, Uttarakhand, UPCL): Bolero, Scorpio, Alfa and Gio lines per plant staff profiles. Mahindra’s BRSR CSR data references Haridwar and Udham Singh Nagar.
- Other automotive plants (Chakan, Nashik, Kandivali, Zaheerabad) are in MSEDCL/TGSPDCL areas, outside the core geography.
1.4 Champion map (Automotive / Haridwar angle)
| Name | Role | Base | Why they matter | ||
|---|---|---|---|---|---|
| Sagar Hirapure | DGM Product Planning (connection) | Thane | https://www.linkedin.com/in/sagar-hirapure-21277328 | hirapure.sagar@mahindra.com (inferred) | Warm router; solar interest |
| Rajesh Makkar | GM Operations / Delivery Lead Projects | Haridwar | https://www.linkedin.com/in/rajesh-makkar-150b1319 | inferred | Plant door; knows local suppliers |
| Ashish Jangale | SSU Head, Auto E&E / ePowertrain sourcing | Mumbai/Pune | https://www.linkedin.com/in/ashishsj | inferred | New EV suppliers, some in North India |
| Satyavir Singh Choudhary | Former Haridwar plant head (to Apr 2024) | n/a | search | n/a | Network to Haridwar suppliers |
| Haridwar Plant Head | name TBD — search | Haridwar | search | unknown | Plant sponsor |
| Haridwar supplier development | name TBD — search | Haridwar | search | unknown | Cluster supplier list |
| R Velusamy | President, Automotive | Mumbai | search | n/a | Context only; not an outreach target |
Decision path: Sagar → Rajesh Makkar / supplier development → list of 3–5 Haridwar-cluster suppliers with ₹30 L+ bills → each supplier runs its own 60-Day Proof.
1.5 Timing
FY26 supplier programmes emphasise MSME supplier RE adoption. The Haridwar plant runs a mix of older UVs (Bolero) and newer platforms; Haridwar suppliers face Mahindra’s cost-down targets.
2. Energy profile
DISCOM / supply: UPCL for the Haridwar plant and its SIDCUL supplier cluster.
- Haridwar plant bill: ₹80 L–2 Cr/month
[~](press shop, weld shop, paint shop, assembly; not disclosed). - Company-wide grid electricity ~374 GWh/yr (BRSR FY26), ~₹25 Cr/month
[~]. - Supplier targets: Haridwar-cluster Tier-1s (sheet-metal pressings, plastics, paint, machining) typically ₹20 L–1 Cr/month
[~].
3. Operations, equipment & digital stack
Haridwar is a vehicle assembly plant with press, body-in-white welding, paint and final assembly. Mahindra plants have EMS and energy cells; ISO 50001 is listed among group frameworks. Supplier plants are less instrumented, which is where Stamped’s read-only approach on existing meters and bills fits.
4. Stamped Energy fit analysis
Fit 3/10. M&M isn’t a buyer. Sagar’s role is far from plants and sourcing, so the intro chain has two hops. The upside is the UPCL supplier cluster around Haridwar, adjacent to Stamped’s existing Uttarakhand pipeline.
The strongest wedge is: an introduction from Haridwar operations to two or three SIDCUL Haridwar suppliers (pressings, plastics or paint) with ₹30 L+ UPCL bills, each running a 60-Day Proof where Stamped assigns demand-charge and idle-load actions and verifies the savings with evidence on our ledger.
5. Before you reach out
- Open on his GERMI solar course; it’s a natural energy conversation
- Ask whether he still has working ties with Haridwar operations
- Ask who runs supplier development for the Haridwar cluster
- Ask which EV/ePowertrain suppliers are setting up in North India
- Do not lead with M&M as a customer or with ESG targets
- Do not lead with solar; Stamped isn’t a solar company, even though he’s studying it
- Do not overlap asks with kit 05 (Farm sourcing); keep this to Automotive / Haridwar
6. Risks, flags, controversies & sources
6.1 Integrity / controversy / regulatory
- Weak authority chain: product planning is two steps from any plant or supplier decision; expect a slow or polite no.
- GST penalty: ₹8.84 lakh e-way bill penalty on goods consigned to the Haridwar plant (Dec 2023), under appeal. Minor.
- NGT / pollution / labour at Haridwar: none found (searched: “Mahindra Haridwar plant NGT”, “pollution”, “strike” 2023–2026).
6.2 Data quality flags
- Haridwar plant head after April 2024 not confirmed.
- Email format split between last.first and first.last.
- Haridwar bill band is modelled.
6.3 Sources consulted
- Mahindra & Mahindra FY26 audited results and BRSR FY26 (NSE/BSE, mahindra.com)
- GST appellate order on the Haridwar e-way bill penalty (Dec 2023)
- https://www.linkedin.com/in/sagar-hirapure-21277328
- https://www.linkedin.com/in/rajesh-makkar-150b1319
- https://www.linkedin.com/in/ashishsj