About Azure Power
Azure Power is a company based in Delhi (India) founded in 2008 was acquired by Caisse de depot et placement du Quebec in March 2020.. Azure Power has raised $174.06 million across 16 funding rounds from investors including International Finance Corporation, FMO and Caisse de depot et placement du Quebec. Azure Power offers products and services including Solar Power Projects, Energy Transition Services, and Wind and Hybrid Projects. Azure Power operates in a competitive market with competitors including Acciona Energy, Mytrah Energy, Greenko Group, Avaada Group and Adani Green Energy, among others.
- Headquarter Delhi, India
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Azure Power Global Limited
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Annual Revenue
$242.74 M-5.68as on Mar 31, 2024
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Net Profit
$-37.03 M8.34as on Mar 31, 2024
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EBITDA
$139 M-8.43as on Mar 31, 2024
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Total Equity Funding
$174.06 M (USD)
in 16 rounds
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Latest Funding Round
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Investors
International Finance Corporation
& 12 more
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Employee Count
Employee Count
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Acquired by
Caisse de depot et placement du Quebec
(Mar 09, 2020)
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IPO & Listings of Azure Power
Azure Power is a publicly listed company on the OTC with ticker symbol AZREF in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Azure Power
Azure Power offers a comprehensive portfolio of products and services, including Solar Power Projects, Energy Transition Services, and Wind and Hybrid Projects. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Builds and operates grid-scale solar projects for power supply to utilities.
Assists businesses in planning and achieving clean energy transitions.
Develops wind and hybrid systems for sustainable energy provision.
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Funding Insights of Azure Power
Azure Power has successfully raised a total of $174.06M across 16 strategic funding rounds. 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 Total Funding
- Total Rounds 16
- Last Round Last Round
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First Round
First Round
(18 Nov 2008)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Azure Power | Valuation |
investors |
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| Nov, 2019 | Amount | Post-IPO - Azure Power | Valuation |
investors |
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| Oct, 2018 | Amount | Post-IPO - Azure Power | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Azure Power
Azure Power has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, FMO and Caisse de depot et placement du Quebec. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on clean energy investments
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Founded Year | Domain | Location | |
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Investment strategies are provided across diverse asset classes and markets.
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Founded Year | Domain | Location | |
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Development financing is provided for entrepreneurial ventures in emerging markets.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Azure Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Azure Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Azure Power Comparisons
Competitors of Azure Power
Azure Power 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 Acciona Energy, Mytrah Energy, Greenko Group, Avaada Group and Adani Green Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Wind and solar power projects are developed, owned, and operated.
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| domain | founded_year | HQ Location |
Energy transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Renewable energy projects in solar, wind, and storage are developed.
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| domain | founded_year | HQ Location |
Renewable energy power is produced independently by Adani Green Energy.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Azure Power
Frequently Asked Questions about Azure Power
When was Azure Power founded?
Azure Power was founded in 2008.
Where is Azure Power located?
Azure Power is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Azure Power?
Sunil Gupta is the current CEO of Azure Power.
Is Azure Power a funded company?
Azure Power is a funded company, having raised a total of $174.06M across 16 funding rounds to date. The company's 1st funding round was a Post-IPO of $185M, raised on Nov 18, 2008.
What is the annual revenue of Azure Power?
Annual revenue of Azure Power is $242.74M as on Mar 31, 2024.
What does Azure Power do?
Azure Power was founded in 2008 and is headquartered in Delhi, India. Operations are focused on the renewable energy sector as an independent power producer. A portfolio exceeding 7.2 GW of assets is maintained, encompassing large grid-scale solar and wind projects. Electricity is delivered to government utilities as well as industrial and commercial clients through long-term, fixed-price agreements.
Who are the top competitors of Azure Power?
Azure Power's top competitors include Avaada Group, Hero Future Energies and ACME Group.
What products or services does Azure Power offer?
Azure Power offers Solar Power Projects, Energy Transition Services, and Wind and Hybrid Projects.
Is Azure Power publicly traded?
Yes, Azure Power is publicly traded on OTC under the ticker symbol AZREF.
Who are Azure Power's investors?
Azure Power has 13 investors. Key investors include International Finance Corporation, FMO, Caisse de depot et placement du Quebec, Proparco, and Foundation Capital.
What is Azure Power's ticker symbol?
The ticker symbol of Azure Power is AZREF on OTC.
What is Azure Power's valuation?
The valuation of Azure Power is $16.23M as of Mar 2010.
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