About Algo Engines
Algo Engines was an Energy & Utilities company based in Mumbai (India) founded in 2012. It provides IoT-based technology solutions for wind turbines and solar plants. It operates on a B2B model. Its Indian entity Algo Engines Private Limited reported revenue of ₹52.3 Lakh. The company is recorded as dissolved. Its focus areas include Technology, IoT, Renewable Energy and Wind and Solar.
Company details
Algo Engines provides iot-based technology solutions for wind turbines and solar plants through leveraging cutting-edge technology, iot, promoting renewable energy, and wind and solar. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- SectorsEnergy & Utilities
- Website algoengines.com
- Social X
- Legal Name Algo Engines Private Limited
- Date of Incorporation 25 Oct, 2012
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹52.3 Lakh
FY 2015 · +5130% YoY
- Net Loss-₹68,909
FY 2015 · -1% margin
- EBITDA₹1.9 Lakh
FY 2015 · 4% margin
- Latest Funding Round$10K (USD), Grant
Jun 2016
- InvestorsCisco
& 1 more
Associated legal entities of Algo Engines
Algo Engines operates through Algo Engines Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2015) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Algo Engines Private Limited CIN U72900MH2012PTC237203 | Active | 25 Oct 2012 | Mumbai, Maharashtra | ₹0.5 Cr | 4 | View details |
Funding Insights of Algo Engines
- Total Rounds 2
- Last Round Grant — $10,000
- Investors Count 2
All 2 funding rounds of Algo Engines with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $10,000 | Grant | – | – | |
| Oct 2014 | Grant | – | – |
2 investors in total: 2 institutional.
Investors in Algo Engines
Algo Engines has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Cisco and IBM Global Entrepreneur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI and saas based cloud security solutions | 1984 | cisco.com | San Jose, United States | |
Provider of fin tech event services | 2020 | ibmgepindia.com | Mumbai, India |
Investor details for Algo Engines
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Board of directors of Algo Engines Private Limited (Algo Engines)
Algo Engines Private Limited is the primary company behind Algo Engines. The board of Algo Engines Private Limited currently have 4 directors; the longest-serving is Rambabu Buchibabu Paravastu, appointed in 2012. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rambabu Buchibabu Paravastu DIN 02714468 | Director | 25 Oct 2012 | 13 yrs 11 mo | Algo Engines Private Limited |
| Satish Venkat Kashyap DIN 02786545 | Director | 25 Oct 2012 | 13 yrs 11 mo | Algo Engines Private Limited |
| Nikhil Vasant Halgeri DIN 06451987 | Director | 01 Nov 2013 | 12 yrs 11 mo | Algo Engines Private Limited |
| Pallavi Chandrakant Narvekar DIN 06852850 | Director | 05 Jun 2014 | 12 yrs 4 mo | Algo Engines Private Limited |
Financials of Algo Engines
Figures of Algo Engines Private Limited, the primary company behind Algo Engines, for FY 2015. Revenue was ₹52.3 Lakh (+5130% year on year). Net loss was -₹68,909 (-1% margin). EBITDA was ₹1.9 Lakh (4% margin).
- ₹52.3 LakhRevenue · FY 2015 · +5130% YoY
- -₹68,909Net loss · -1% margin
- ₹1.9 LakhEBITDA · 4% margin
- ₹10 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Algo Engines Private Limited are on its company page.
Detailed financial statements for Algo Engines
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Algo Engines
3 dated milestones of Algo Engines across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Algo Engines is founded.
- Funding First funding round.
- Funding Latest funding round, Grant, of $10K.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Algo Engines (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Frequently Asked Questions about Algo Engines
Algo Engines was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Algo Engines is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Algo Engines, Algo Engines Private Limited, reported revenue of ₹52.3 Lakh for FY 2015, up 5130% year on year.
Algo Engines provides iot-based technology solutions for wind turbines and solar plants through leveraging cutting-edge technology, iot, promoting renewable energy, and wind and solar. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Algo Engines has 2 investors. Key investors include Cisco, and IBM Global Entrepreneur.
Algo Engines operates through Algo Engines Private Limited.
The legal entities of Algo Engines currently have 4 directors, including Rambabu Buchibabu Paravastu, Pallavi Chandrakant Narvekar, Satish Venkat Kashyap and others.