About Avi Solar
Avi Solar is an Energy & Utilities company based in Bengaluru (India) founded in 2010, and was acquired by Skyfri in March 2022. Provider of solar energy solutions. Its Indian entity Skyfri Energy Private Limited reported revenue of ₹26.22 Cr. Its focus areas include Energy, Solar Energy, Project Development Services and Operations and Maintenance. Its competitors include Gensol and Inspire Clean Energy.
Company details
Avi Solar was founded in 2010 in Bengaluru, India, within the solar energy sector. Solar power plants are designed, implemented, and commissioned as core operations. Photovoltaic project management is handled alongside the supply of solar PV panels. Residential rooftop installations and industrial solutions are delivered. Operations and maintenance services are extended to support system reliability across installations.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsEnergy & Utilities
- Website avisolar.com
- Social LinkedIn X
- Acquired by Skyfri (Mar 2022)
- Legal Name Skyfri Energy Private Limited
- Date of Incorporation 07 Sep, 2010
Associated legal entities of Avi Solar
Avi Solar operates through Skyfri Energy Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Skyfri Energy Private Limited CIN U40108KA2010PTC055090 | Active | 07 Sep 2010 | Bangalore, Karnataka | ₹26.2 Cr | 127 | 7 | View details |
Investors in Avi Solar
Avi Solar has secured backing from 1 investor. Prominent investors backing the company include Skyfri.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Solar power plant management solutions are provided in real time. | 2021 | skyfri.com | Oslo, Norway |
Investor details for Avi Solar
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Board of directors of Skyfri Energy Private Limited (Avi Solar)
Skyfri Energy Private Limited is the primary company behind Avi Solar. The board of Skyfri Energy Private Limited currently have 5 directors; the longest-serving is Sekar Balaji, appointed in 2022. 20 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sekar Balaji DIN 09524997 | Whole-time director | 20 Apr 2022 | 4 yrs 6 mo | Skyfri Energy Private Limited |
| Kristin Sandtorv DIN 10048583 | Director | 10 Mar 2023 | 3 yrs 7 mo | Skyfri Energy Private Limited |
| Gundappa Subramanya Venkatesh DIN 08590049 | CEO | 01 Oct 2023 | 3 yrs | Skyfri Energy Private Limited |
| Murshid Hugbergali DIN 10920603 | Additional Director | 23 Jan 2025 | 1 yr 9 mo | Skyfri Energy Private Limited |
| Chellappa Thirumalai Velu DIN 02247150 | Director | 26 Mar 2025 | 1 yr 7 mo | Skyfri Energy Private Limited |
People of Avi Solar
4 people are tracked at Avi Solar (3 in leadership, 1 in board & advisors).
| Name | Role | Group |
|---|---|---|
Lakshmikantha B.H. | Director | Leadership |
Naveen Kumar K | Director, Head Services | Leadership |
G.S Venkatesh | Director & CEO | Leadership |
Ashok D.M. | Chairman | Board & advisors |
Complete people profiles for Avi Solar
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Financials of Avi Solar
Figures of Skyfri Energy Private Limited, the primary company behind Avi Solar, for FY 2024. Revenue was ₹26.22 Cr (+34% year on year). Net loss was -₹1.66 Cr (-6% margin). EBITDA was -₹1.18 Cr (-4% margin). Revenue has grown at a compounded annual rate of +29% over three years and +3% over five years.
- ₹26.22 CrRevenue · FY 2024 · +34% YoY
- -₹1.66 CrNet loss · -6% margin
- -₹1.18 CrEBITDA · -4% margin
- ₹2.95 CrPaid-up capital
- 127Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Skyfri Energy Private Limited are on its company page.
Detailed financial statements for Avi Solar
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Timeline of Avi Solar
2 dated milestones of Avi Solar across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Avi Solar is founded.
- Exit Acquired by Skyfri.
Competitors of Avi Solar
Avi Solar has 2 listed competitors in our database. They include Gensol and Inspire Clean Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gensol.in | 2007 | Ahmedabad, India | 300 | Provider of solar advisory and execution services | ||
| inspire-ce.com | 2015 | Mumbai, India | 132 | Provides solar PV asset management and operations & maintenance services. |
Detailed competitors of Avi Solar
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Avi Solar (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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Related news about Avi Solar
Complete news archive for Avi Solar
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Frequently Asked Questions about Avi Solar
Avi Solar was founded in 2010.
Avi Solar is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Avi Solar, Skyfri Energy Private Limited, reported revenue of ₹26.22 Cr for FY 2024, up 34% year on year.
Avi Solar was founded in 2010 in Bengaluru, India, within the solar energy sector. Solar power plants are designed, implemented, and commissioned as core operations. Photovoltaic project management is handled alongside the supply of solar PV panels. Residential rooftop installations and industrial solutions are delivered. Operations and maintenance services are extended to support system reliability across installations.
Avi Solar's top competitors include Gensol and Inspire Clean Energy.
Avi Solar has 1 investor. Key investors include Skyfri.
Avi Solar operates through Skyfri Energy Private Limited.
Yes. Avi Solar was acquired by Skyfri in March 2022.
The legal entities of Avi Solar currently have 6 directors, including Gundappa Venkatesh, Sekar Balaji, Gundappa Subramanya Venkatesh and others.