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 (USD)-5.68as on Mar 31, 2024
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Net Profit
-$37.03 M (USD)8.34as on Mar 31, 2024
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EBITDA
$139 M (USD)-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.
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.
People of Azure Power
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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 |
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.
| 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 |
Investments & Acquisitions by Azure Power
Financial Statements - Azure Power
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.
| 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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Frequently Asked Questions about Azure Power
Azure Power was founded in 2008.
Azure Power is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Sunil Gupta is the current CEO of Azure Power.
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.
Annual revenue of Azure Power is $242.74M as on Mar 31, 2024.
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.
Azure Power's top competitors include Avaada Group, Hero Future Energies and ACME Group.
Azure Power offers Solar Power Projects, Energy Transition Services, and Wind and Hybrid Projects.
Yes, Azure Power is publicly traded on OTC under the ticker symbol AZREF.
Azure Power has 13 investors. Key investors include International Finance Corporation, FMO, Caisse de depot et placement du Quebec, Proparco, and Foundation Capital.
The ticker symbol of Azure Power is AZREF on OTC.
The valuation of Azure Power is $16.23M as of Mar 2010.