About Avaada Group
Avaada Group is a company based in Delhi (India) founded in 2009 by Vineet Mittal. Avaada Group has raised $879.45 million across 6 funding rounds from investors including Asian Development Bank, GPSC and Brookfield Asset Management. Avaada Group offers products and services including Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions. Avaada Group operates in a competitive market with competitors including Octopus Energy, Greenko Group, Acciona Energy, ACME Group and Azure Power, among others.
- Total Equity Funding$879.45M (USD)
in 6 rounds
- Latest Funding Round$535M (USD), Debt – Conventional
May 2024
- InvestorsAsian Development Bank
& 8 more
Associated legal entities of Avaada Group
Avaada Group is associated with 44 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 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avaada Ventures Private Limited CIN U35106MH2007PTC318041 | Active | 27 Jun 2007 | Mumbai, Maharashtra | ₹1,640 Cr | 4 | 6 | View details |
| Avaada Clean Project Private Limited CIN U40107DL2018PTC330289 | Active | 05 Mar 2018 | New Delhi, Delhi | ₹1,821 Cr | 100 | 2 | View details |
| Avaada Green Approject Private Limited CIN U40106DL2018PTC337780 | Strike Off | 23 Aug 2018 | New Delhi, Delhi | – | – | 2 | View details |
| Avaada Solar Upjamini Private Limited CIN U40106DL2018PTC336097 | Strike Off | 03 Jul 2018 | New Delhi, Delhi | – | – | 2 | View details |
| Fermi Solarfarms Private Limited CIN U40106MH2013FTC440053 | Active | 28 Feb 2013 | Mumbai, Maharashtra | ₹77.5 Cr | 4 | 3 | View details |
| Avaada Solar Energy Private Limited CIN U40104MH2015PTC436170 | Active | 12 Jan 2015 | Mumbai, Maharashtra | ₹108 Cr | 3 | 3 | View details |
| Avaada Clean Knproject Private Limited CIN U40100DL2018PTC339548 | Active | 27 Sep 2018 | New Delhi, Delhi, India | – | – | – | View details |
| Avaada Sunrise Energy Private Limited CIN U40100DL2018PTC335579 | Active | 20 Jun 2018 | New Delhi, India | $16.1M | – | – | View details |
| Avaada Technologies Private Limited CIN U75232MH2018PTC305252 | Strike Off | 20 Feb 2018 | Mumbai, Maharashtra, India | – | – | – | View details |
| Clean Sustainable Energy Private Limited CIN U40300MH2013PTC248435 | Active | 23 Sep 2013 | Mumbai, Maharashtra, India | $8.6M | – | – | View details |
| Avaada Floating Solar Mh Private Limited CIN U40200MH2018PTC306432 | Strike Off | 13 Mar 2018 | Mumbai, Maharashtra, India | – | – | – | View details |
| Solarsys Non-Conventional Energy Private Limited CIN U40108MH2006PTC165672 | Active | 20 Nov 2006 | Mumbai, Maharashtra, India | $11.8M | – | – | View details |
| Avaada Solar Project Private Limited CIN U40106MH2017PTC303169 | Strike Off | 21 Dec 2017 | Mumbai, Maharashtra, India | – | – | – | View details |
| Avaada Sunbeam Energy Private Limited CIN U40100MH2018PTC306827 | Active | 20 Mar 2018 | Mumbai, Maharashtra, India | $63,200 | – | – | View details |
| Avaada Sunenergy Private Limited CIN U40300UP2022PTC167507 | Active | 13 Jul 2022 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Kngreen Private Limited CIN U40100UP2022PTC167379 | Active | 11 Jul 2022 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Rjsustainable Private Limited CIN U40106UP2022PTC166951 | Active | 04 Jul 2022 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Semiconductor Private Limited CIN U31909MH2018PTC306452 | Strike Off | 14 Mar 2018 | Mumbai, Maharashtra, India | – | – | – | View details |
| Avaada Solarise Energy Private Limited CIN U40300MH2018PTC440054 | Active | 05 Sep 2018 | New Delhi, India | – | – | – | View details |
| Avaada Green Rjproject Private Limited CIN U40300DL2018PTC337401 | Strike Off | 10 Aug 2018 | New Delhi, Delhi, India | – | – | – | View details |
| Avaada Clean Tnproject Private Limited CIN U40300DL2018PTC337369 | Active | 09 Aug 2018 | New Delhi, Delhi, India | – | – | – | View details |
| Avaada Solar Upkhaprar Private Limited CIN U40300DL2018PTC333609 | Active | 08 May 2018 | New Delhi, Delhi, India | – | – | – | View details |
| Avaada Green Hnproject Private Limited CIN U40300MH2018PTC437445 | Active | 07 May 2018 | Mumbai, Maharashtra, India | – | – | – | View details |
| Avaada Green Knproject Private Limited CIN U40300DL2018PTC333010 | Active | 24 Apr 2018 | New Delhi, Delhi, India | – | – | – | View details |
| Avaada Non-Conventional Upprojectprivate Limited CIN U40200MH2018PTC436053 | Active | 02 May 2018 | New Delhi, Delhi, India | – | – | – | View details |
| Avaada Renewable Energy Private Limited CIN U40106GJ2018PTC103885 | Strike Off | 04 Sep 2018 | Ahmedabad, Gujarat, India | – | – | – | View details |
| Avaada Mhkhamgaon Private Limited CIN U40300UP2019PTC124398 | Active | 11 Dec 2019 | Noida, Uttar Pradesh, India | $2.6M | – | – | View details |
| Avaada Sunrays Energy Private Limited CIN U40300UP2019PTC123689 | Active | 21 Nov 2019 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Sunce Energy Private Limited CIN U40300UP2018PTC128633 | Active | 05 Apr 2018 | Ghaziabad, Uttar Pradesh, India | $3.5M | – | – | View details |
| Avaada Knsolar Private Limited CIN U40106UP2021PTC143855 | Active | 19 Mar 2021 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Hnsirsa Private Limited CIN U40106UP2019PTC124061 | Active | 03 Dec 2019 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Upproject Private Limited CIN U40106UP2019PTC124014 | Active | 02 Dec 2019 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Mhsustainable Private Limited CIN U35105UP2023PTC187524 | Active | 18 Aug 2023 | Noida, Uttar Pradesh, India | $7.4M | – | – | View details |
| Avaada Bankabihar Private Limited CIN U40106UP2019PTC123956 | Active | 28 Nov 2019 | Noida, Uttar Pradesh, India | $10,100 | – | – | View details |
| Avaada Hnadampur Private Limited CIN U40106UP2019PTC123910 | Active | 27 Nov 2019 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Mhbuldhana Private Limited CIN U40106UP2019PTC123909 | Active | 27 Nov 2019 | Noida, Uttar Pradesh, India | $2.3M | – | – | View details |
| Avaada Rjhn Private Limited CIN U40106UP2019PTC123855 | Active | 26 Nov 2019 | Noida, Uttar Pradesh, India | $1.9M | – | – | View details |
| Avaada Sustainable Rjproject Private Limited CIN U40106UP2019PTC123601 | Active | 20 Nov 2019 | Noida, Uttar Pradesh, India | $1.6M | – | – | View details |
| Avaada Mhsolar Private Limited CIN U40100UP2020PTC135375 | Active | 29 Sep 2020 | Noida, Uttar Pradesh, India | – | – | – | View details |
| Avaada Sataramh Private Limited CIN U40100UP2019PTC124019 | Active | 02 Dec 2019 | Noida, Uttar Pradesh, India | $6.8M | – | – | View details |
| Avaada Sustainable Energy Private Limited CIN U40106MH2015PTC436052 | Active | 27 Jan 2015 | Mumbai, Maharashtra, India | $3.9M | – | – | View details |
| Avaada Clean Energy Private Limited CIN U40106MH2015PTC436054 | Active | 12 Jan 2015 | Mumbai, Maharashtra, India | $606,000 | – | – | View details |
| Avaada Non-Conventional Energy Private Limited CIN U40106MH2015PTC437169 | Active | 23 Jan 2015 | Mumbai, Maharashtra, India | $4.1M | – | – | View details |
| Avaada Energy Private Limited CIN U80221MH2007PTC336458 | Active | 29 Dec 2007 | Mumbai, Maharashtra, India | $253.0M | – | – | View details |
Products & Services of Avaada Group
Avaada Group offers a comprehensive portfolio of products and services, including Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions.
Produces world-class solar technology for energy projects.
Develops sustainable fuels like ammonia for clean energy transition.
Offers solar and wind projects for sustainable power generation.
Provides pumped storage for efficient energy management systems.
Apps and channels of Avaada Group
its YouTube channel Avaada Group has 5.27K subscribers and 30 videos.
Videos from Avaada Group
The most watched videos on Avaada Group's YouTube channel, Avaada Group (5.27K subscribers). Click a video to play it here.
More on Avaada Group.
Funding Insights of Avaada Group
Avaada Group has successfully raised a total of $879.45M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $535 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $879.45M
- Total Rounds 6
- Last Round Debt – Conventional — $535M
- First Round $143.7M
(Apr 2019)
- Investors Count 9
All 6 funding rounds of Avaada Group with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Jul 2021 | $1.12B | •••••••• |
Last known valuation $1.12B (Jul 2021). 9 investors in total: 9 institutional.
Investors in Avaada Group
Avaada Group has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Asian Development Bank, GPSC and Brookfield Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Focus is placed on real estate and renewable energy investments. | 1899 | brookfield.com | Toronto, Canada | |
Private equity firm focused on multiple sectors | – | deginvest-investments.de | Kolnes, Norway | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Private equity firm focused on growth equities | – | deginvest.de | Cologne, Germany | |
Economic development investments are financed through specialized solutions by Proparco. | 1977 | proparco.fr | Paris, France | |
Infrastructure financing is provided by NaBFID in India. | 2021 | nabfid.org | Mumbai, India | |
Solar and hydro power are produced independently in Thailand. | 2013 | gpscgroup.com | Chatuchak, Thailand | |
Consumer and SME loans are provided across Germany. | 1948 | kfw.de | Frankfurt Am Main, Germany | |
Advisory services and financial resources are mobilized for development projects. | 1966 | adb.org | Mandaluyong, Philippines |
Investor details for Avaada Group
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Board of directors of Avaada Group
The boards of the 6 registered companies of Avaada Group currently have 11 directors; the longest-serving is Vinoo George, appointed in 2017. 42 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinoo George DIN 00993702 | Director | 01 Apr 2017 | 9 yrs 6 mo | Avaada Ventures Private Limited |
| Prashant Choubey DIN 08072225 | Director | 24 May 2018 | 8 yrs 4 mo | Avaada Ventures Private Limited, Fermi Solarfarms Private Limited |
| Ravi Kant Verma DIN 07299159 | Director | 03 Jul 2018 | 8 yrs 3 mo | Avaada Solar Upjamini Private Limited, Avaada Green Approject Private Limited, Fermi Solarfarms Private Limited |
| Thozhutharathu Ramachandran Kishor Nair DIN 05112576 | Director | 23 Aug 2018 | 8 yrs 1 mo | Avaada Green Approject Private Limited |
| Radha Malayil Saraswathi Amma DIN 08037734 | Director | 04 Aug 2020 | 6 yrs 2 mo | Avaada Solar Energy Private Limited |
| Sandeep Mahesh DIN 08193555 | Director | 04 Aug 2020 | 6 yrs 2 mo | Avaada Solar Energy Private Limited, Avaada Solar Upjamini Private Limited |
| Nawal Saini DIN 08259154 | Director | 29 Mar 2023 | 3 yrs 6 mo | Avaada Ventures Private Limited |
| Sindoor Vineet Mittal DIN 00292184 | Director | 29 Mar 2023 | 3 yrs 6 mo | Avaada Ventures Private Limited |
| Vineet Mittal DIN 00058552 | Director | 29 Mar 2023 | 3 yrs 6 mo | Avaada Ventures Private Limited |
| Manoj Kumar DIN 10696488 | Director | 05 Jul 2024 | 2 yrs 3 mo | Avaada Clean Project Private Limited |
| Som Bansal Parkash DIN 06871521 | Director | 18 Jul 2024 | 2 yrs 2 mo | Avaada Clean Project Private Limited |
People of Avaada Group
44 people are tracked at Avaada Group (24 in leadership, 20 in team).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| CEO | Leadership | |
Snehalrao Kadam | General Manager | Leadership |
Sanjeev Singh | Senior General Manager | Leadership |
Subhasish Paul | Deputy General Manager-design & Engineering | Leadership |
Paridhi Khetan | Assistant Vice President | Leadership |
Yasir Wajih | Dy. General Manager-human Resources | Leadership |
Charu Sehgal | General Manager - Global || Corporate Communications || Marketing || PR || CSR | Leadership |
Shailendra Mishra | Senior General Manager | Leadership |
Samir Kumar Singh | General Manager | Leadership |
| President | Leadership | |
Abhinav Kumar | General Manager | Leadership |
Abhishek Saxena | General Manager | Leadership |
Jitendra Singh | Asstt Vice President | Leadership |
Yuvaraj Tripathi | Assistant Vice President | Leadership |
Narinder Goyal | President - New Initiatives / Ammonia | Leadership |
Radha | Sr. Vice President | Leadership |
Sandeep Thakur | General Manager | Leadership |
Shivani Bedekar | Deputy General Manager - Equity & Investor Relations | Leadership |
Navin Singh | Vice President | Leadership |
24 more people are available in the full profile.
Complete people profiles for Avaada Group
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Financials of Avaada Group
Figures of Avaada Ventures Private Limited, the primary company behind Avaada Group, for FY 2023. Revenue was ₹1,640 Cr (+91% year on year). Net loss was -₹396 Cr. EBITDA was ₹335 Cr. Revenue has grown at a compounded annual rate of +53% over three years and +85% over five years.
- ₹1,640 CrRevenue · FY 2023 · +91% YoY
- -₹396 CrNet loss
- ₹335 CrEBITDA
- ₹84.19 CrPaid-up capital
- 4Employees (provident fund records)
- +53%Revenue CAGR, 3 years
- +85%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avaada Ventures Private Limited are on its company page.
Detailed financial statements for Avaada Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Avaada Group
4 dated milestones of Avaada Group across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Avaada Group is founded.
- Funding First funding round of $143.7M.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $535.0M.
Competitors of Avaada Group
Avaada Group 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 Octopus Energy, Greenko Group, Acciona Energy, ACME Group and Azure Power, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| octopus.energy | 2015 | London, United Kingdom | $1.96B | 8,177 | Utility bill management platform is provided for tracking and billing. | |
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| acciona-energia.com | 1997 | Madrid, Spain | $567M | – | Renewable energy is developed, constructed, and marketed globally. | |
| acme.in | 2003 | Gurugram, India | $212.19M | 202 | Solar energy projects are developed for sustainable energy solutions. | |
| azurepower.com | 2008 | Delhi, India | $174.06M | 902 | Provider of independent power producer in the utility scale renewable energy | |
| herofutureenergies.com | 2012 | London, United Kingdom | $725M | 584 | Renewable energy projects are developed for utility-scale and commercial use. | |
| tatapowerrenewables.com | 2007 | Mumbai, India | $766.16M | 2,877 | Power producer and plant developer in the solar and wind energy sector | |
| solararise.com | 2009 | Gurugram, India | $65.13M | 29 | Solar energy projects are developed and managed across India. | |
| atriapower.com | 1999 | Bengaluru, India | $8.6M | 24 | Renewable energy is produced via wind, solar, and hybrid systems. |
Detailed competitors of Avaada Group
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Web traffic of Avaada Group
The website of Avaada Group (avaada.com) receives about 147.8K visits a month and ranks #300,882 among all websites worldwide, #3,357 in Energy Industry.
- Monthly visits147.8K
▲ 8.9% vs previous month
- Unique visitors94.7K
per month
- Global rank#300,882
among all websites
- Category rank#3,357
Heavy Industry and Engineering · Energy Industry
- Bounce rate42%
- Pages per visit2.0
- Average visit46 sec
- DevicesDesktop 14% · Mobile 86%
Websites whose visitors overlap most with Avaada Group. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| soleosenergy.com | 100% | 11.4K | #2,138,428 | View details | |
| bluebirdsolar.com | 100% | 29K | #1,076,489 | View details | |
| amplussolar.com | 99% | 44.8K | #811,332 | View details | |
| ornatesolar.com | 97% | 31.1K | #1,033,326 | View details | |
| solex.in | 94% | 9.9K | #2,515,447 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Avaada Group
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
Latest news on Avaada Group
Complete news archive for Avaada Group
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Similar companies to Avaada Group
10 companies that operate in the same segment as Avaada Group (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 Avaada Group
Avaada Group was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Avaada Group is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Kishor Nair is the current CEO of Avaada Group.
Avaada Group is a funded company, having raised a total of $879.45M across 6 funding rounds to date. The company's 1st funding round was a Series A of $143.7M, raised on Apr 2019.
Founded in 2009 and based in Delhi, India, operations in the renewable energy sector are conducted by the company. Solar PV modules are manufactured, while projects in solar and wind energy are developed. Solutions for pumped hydro and battery energy storage are offered, alongside production of green fuels such as ammonia, methanol, and sustainable aviation fuel.
Avaada Group's top competitors include Octopus Energy, Hero Future Energies and Azure Power.
Avaada Group offers Solar PV Manufacturing, Green Fuels, Renewable Energy Solutions, and Energy Storage Solutions.
Avaada Group has 9 investors. Key investors include Asian Development Bank, GPSC, Brookfield Asset Management, FMO, and KfW.
The valuation of Avaada Group is $1.12B as of Jul 2021.
Avaada Group is associated with 6 legal entities: Avaada Ventures Private Limited, Avaada Solar Energy Private Limited, Avaada Solar Upjamini Private Limited and others.
The legal entities of Avaada Group currently have 14 directors, including Nawal Saini, Vinoo George, Sindoor Vineet Mittal and others.
The website of Avaada Group receives about 148 thousand visits a month and ranks #300,882 among all websites worldwide.