About Athena
Athena is a company based in Mumbai (India) founded in 2020 was acquired by Actis in August 2020. It operates as a Green Energy-as-a-Service. Athena offers products and services including Solar Power Plants. Athena operates in a competitive market with competitors including Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
- Headquarter Mumbai, India
- SectorsEnergy & Utilities
- Website athenare.in
- Acquired by Actis (Aug 2020)
- Legal Name Athena Jaipur Solar Power Pvt Ltd
Associated legal entities of Athena
Athena is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Athena Renewable Energy India Private Limited CIN U40105DL2020FTC437256 | Active | 21 Nov 2020 | New Delhi, Delhi | ₹0.0 Cr | – | 3 | View details |
| Athena Jaipur Solar Power Private Limited CIN U40106DL2010PTC420004 | Active | 31 May 2010 | New Delhi, Delhi | ₹170 Cr | – | 5 | View details |
Products & Services of Athena
Athena offers a comprehensive portfolio of products and services, including Solar Power Plants.
Solar power plants are operated for sustainable energy.
Investors in Athena
Athena has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Actis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable infrastructure projects are invested in for essential services. | 1987 | act.is | London, United Kingdom |
Investor details for Athena
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Board of directors of Athena
The boards of the 2 registered companies of Athena currently have 3 directors; the longest-serving is Sumit Sen, appointed in 2020. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumit Sen DIN 06734410 | Director | 21 Nov 2020 | 5 yrs 10 mo | Athena Renewable Energy India Private Limited, Athena Jaipur Solar Power Private Limited |
| Venkata Ram Mohan DIN 08897186 | Director | 16 Dec 2020 | 5 yrs 9 mo | Athena Renewable Energy India Private Limited, Athena Jaipur Solar Power Private Limited |
| Ralf Winfried Friedrich Nowack DIN 09518088 | Director | 25 Feb 2022 | 4 yrs 7 mo | Athena Renewable Energy India Private Limited, Athena Jaipur Solar Power Private Limited |
Financials of Athena
Figures of Athena Renewable Energy India Private Limited, the primary company behind Athena, for FY 2025. Revenue was ₹3.4 Lakh (+2180% year on year). Net loss was -₹78,000 (-23% margin). EBITDA was -₹78,000 (-23% margin).
- ₹3.4 LakhRevenue · FY 2025 · +2180% YoY
- -₹78,000Net loss · -23% margin
- -₹78,000EBITDA · -23% margin
- ₹41 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Athena Renewable Energy India Private Limited are on its company page.
Detailed financial statements for Athena
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Timeline of Athena
2 dated milestones of Athena, from founding to its latest funding, stage changes and deals.
- Founded Athena is founded.
- Exit Acquired by Actis.
Competitors of Athena
Athena operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| grew.one | 2022 | Ahmedabad, India | $4.22M | 1,556 | Provider of a range of solar products and services | |
| mahindrasusten.com | 2010 | Mumbai, India | – | 180 | Turnkey EPC services for solar power plants are provided. | |
| roofsol.com | 2016 | Mumbai, India | $31.23M | 168 | Provides solar plant installations, providing engineering, procurement, and construction services | |
| sael.co | 1999 | Delhi, India | $61.45M | 153 | Renewable energy solutions are provided via solar and waste-to-energy initiatives. | |
| insolare.com | 2008 | Bengaluru, India | $8.72M | 406 | Solar large-scale projects are developed and installed by InSolare Energy. | |
| worldsolar.in | 2013 | Noida, India | $7.64M | – | Solar and wind energy projects are developed across various scales. | |
| kiranenergy.com | 2010 | Mumbai, India | $44.4M | – | Grid-connected solar PV plants are developed and operated. | |
| enerparc.in | 2013 | Bengaluru, India | – | 88 | Develops solar energy projects to promote sustainable power solutions. |
Detailed competitors of Athena
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Similar companies to Athena
10 companies that operate in the same segment as Athena (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
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 and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Athena
Athena was founded in 2020.
Athena is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Athena is engaged in the development and operation of renewable energy projects, primarily solar power plants, across India. The company is supported as an investment platform by Actis Long Life Infrastructure Fund, targeting sustainable energy solutions. Operations are conducted in multiple regions, aiming to create socio-economic impact while ensuring environmental responsibility. Focus is placed on sustainability-first approaches to benefit local ecosystems and communities.
Athena's top competitors include Fourth Partner Energy, GREW and Sukhbir Agro Energy.
Athena offers Solar Power Plants.
Athena has 1 investor. Key investors include Actis.
Athena is associated with 2 legal entities: Athena Renewable Energy India Private Limited, Athena Jaipur Solar Power Private Limited.
Yes. Athena was acquired by Actis in August 2020.
The legal entities of Athena currently have 5 directors, including Venkata Ram Mohan, Ralf Winfried Friedrich Nowack, Sumit Sen and others.