About Bhilwara Energy
Bhilwara Energy is an Energy & Utilities company based in Noida (India) founded in 2006. Hydel power assets are operated in India and Nepal. Bhilwara Energy has raised $312.92 million across 8 funding rounds from investors including International Finance Corporation, LNJ Bhilwara Group and HEG Limited. The company has 5 employees. Bhilwara Energy was last valued at $389.26 million in July 2014. Its Indian entity Bhilwara Energy Limited reported revenue of ₹616 Cr. Bhilwara Energy offers products and services including Hydro Power Generation and Wind Power Generation. Its focus areas include Energy, Hydro Power, Services and Project Development.
Company details
Bhilwara Energy is a part of the LNJ Bhilwara Group. The company owns and operates hydel power assets in India and Nepal and is planning a foray into geothermal and solar energy. Holds 51 stake in power consultancy firm Indo-Canadian Consultancy Services - a joint venture with RSW Inc. of Canada. As of Jan 2013, IFC provided 7.5 million in debt funding to develop its 20 MW wind power project under LNJ Power Ventures Ltd in Jaisalmer, Rajasthan. They also hold a 51 equity stake in Malana Power Company, a joint venture with Statkraft, Norway which owns and operates the Allain Duhangan hydropower project.
- Headquarters Noida, India
- Employees 5
- Stage Minicorn
- SectorsEnergy & Utilities
- Website bhilwaraenergy.com
- Social LinkedIn
- Legal Name Bhilwara Energy Limited
- Date of Incorporation 17 May, 2006
- Jurisdiction Bhopal, Madhya Pradesh, India
- Annual Revenue₹616 Cr
FY 2025 · +11% YoY
- Net Profit₹120 Cr
FY 2025 · 19% margin
- EBITDA₹307 Cr
FY 2025 · 50% margin
- Total Equity Funding$312.92M (USD)
in 8 rounds
- Latest Funding Round$57.38M (USD), Series C
Mar 2025
- InvestorsInternational Finance Corporation
& 16 more
- Employee Count5
Associated legal entities of Bhilwara Energy
Bhilwara Energy operates through Bhilwara Energy Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bhilwara Energy Limited CIN U31101MP2006PLC071693 | Active | 17 May 2006 | Bhopal, Madhya Pradesh | ₹616 Cr | 5 | 9 | View details |
Products & Services of Bhilwara Energy
Bhilwara Energy offers a comprehensive portfolio of products and services, including Hydro Power Generation and Wind Power Generation.
Hydro power generation is carried out by Bhilwara Energy Limited through the use of various sources to produce electrical power.
Wind power generation is handled by Bhilwara Energy Limited via its 14 MW project located in Bhendwade, Maharashtra.
Funding Insights of Bhilwara Energy
Bhilwara Energy has successfully raised a total of $312.92M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $57.38 million completed in March 2025. 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 $312.92M
- Total Rounds 8
- Last Round Series C — $57.38M
- First Round $150M
(Jul 2007)
- Investors Count 17
All 8 funding rounds of Bhilwara Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2025 | $57.38M | Series C | – | Singularity Ventures AMC | – |
| Jul 2014 | $5.36M | Series B | $389.26M | HEG | |
| Jun 2013 | $16.17M | Series B | $389.37M | HEG | |
| Jan 2013 | $7.5M | Debt – Conventional | – | – | |
| Jul 2010 | $50M | Series B | $••••• | FE Global Clean Energy | |
| May 2009 | $8.42M | Series B | $••••• | HEG | – |
| Aug 2007 | $25.59M | Series A | – | – | |
| Jul 2007 | $150M | Series B | – | Jacob Ballas Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2014 | $389.26M | •••••••• |
| Jun 2013 | $389.37M | •••••••• |
| Jul 2010 | $••••• | •••••••• |
| May 2009 | $••••• | •••••••• |
Full valuation and stage history of Bhilwara Energy
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $389.26M (Jul 2014). 17 investors in total: 17 institutional.
Investors in Bhilwara Energy
Bhilwara Energy has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, LNJ Bhilwara Group and HEG Limited.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment management services in growth equity and public investments in India. | 2016 | singularityamc.com | Mumbai, India | |
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org | ||
PE firm invests in Asia, Europe and North America | fecleanenergy.com | Darien, United States | ||
Private equity investments are managed from Cameroon base. | wirfoninvestment.com | |||
Graphite electrodes are manufactured by HEG for industrial applications. | 1972 | hegltd.com | Bhopal, India | |
Yarns and fabrics for the textile industry are manufactured. | 1961 | rswm.in | Noida, India | |
Provides comprehensive asset management solutions for clients and firms. | purvivanijya.com | India | ||
| bharatinvestment.com | ||||
Diversified conglomerate operating across multiple industries | 1960 | lnjbhilwara.com | Noida, India | |
Investor details for Bhilwara Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Bhilwara Energy Limited (Bhilwara Energy)
Bhilwara Energy Limited is the primary company behind Bhilwara Energy. The board of Bhilwara Energy Limited currently have 7 directors; the longest-serving is Rishabh Jhunjhunwala, appointed in 2010. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rishabh Jhunjhunwala DIN 03104458 | Managing Director | 03 Jun 2010 | 16 yrs 5 mo | Bhilwara Energy Limited |
| Riju Jhunjhunwala DIN 00061060 | Managing Director | 03 Jun 2010 | 16 yrs 5 mo | Bhilwara Energy Limited |
| Ravi Jhunjhunwala DIN 00060972 | Director | 03 Jun 2010 | 16 yrs 5 mo | Bhilwara Energy Limited |
| Pradeep Agarwal DIN 02370420 | Director | 27 Dec 2024 | 1 yr 10 mo | Bhilwara Energy Limited |
| Yash Kela DIN 06987721 | Nominee Director | 22 Apr 2025 | 1 yr 6 mo | Bhilwara Energy Limited |
| Niharika Bindra DIN 07183905 | Director | 25 Jul 2025 | 1 yr 3 mo | Bhilwara Energy Limited |
| Basant Kumar Jain DIN 00220395 | CEO | 01 Dec 2025 | 11 mo | Bhilwara Energy Limited |
Financials of Bhilwara Energy
Figures of Bhilwara Energy Limited, the primary company behind Bhilwara Energy, for FY 2025. Revenue was ₹616 Cr (+11% year on year). Net profit was ₹120 Cr (19% margin). EBITDA was ₹307 Cr (50% margin). Revenue has grown at a compounded annual rate of +12% over three years and +11% over five years.
- ₹616 CrRevenue · FY 2025 · +11% YoY
- ₹120 CrNet profit · 19% margin
- ₹307 CrEBITDA · 50% margin
- ₹169 CrPaid-up capital
- 5Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +11%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Bhilwara Energy Limited are on its company page.
Detailed financial statements for Bhilwara Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Bhilwara Energy
4 dated milestones of Bhilwara Energy across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Bhilwara Energy is founded.
- Funding First funding round of $150.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $57.4M.
Web traffic of Bhilwara Energy
The website of Bhilwara Energy (bhilwaraenergy.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▼ 35.9% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Bhilwara Energy (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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Bhilwara Energy
Complete news archive for Bhilwara Energy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bhilwara Energy
Bhilwara Energy was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Bhilwara Energy is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Bhilwara Energy is a funded company, having raised a total of $312.92M across 8 funding rounds to date. The company's 1st funding round was a Series B of $150M, raised on Jul 2007.
Bhilwara Energy has 5 employees.
The primary company behind Bhilwara Energy, Bhilwara Energy Limited, reported revenue of ₹616 Cr for FY 2025, up 11% year on year.
Bhilwara Energy is a part of the LNJ Bhilwara Group. The company owns and operates hydel power assets in India and Nepal and is planning a foray into geothermal and solar energy. Holds 51 stake in power consultancy firm Indo-Canadian Consultancy Services - a joint venture with RSW Inc. of Canada. As of Jan 2013, IFC provided 7.5 million in debt funding to develop its 20 MW wind power project under LNJ Power Ventures Ltd in Jaisalmer, Rajasthan. They also hold a 51 equity stake in Malana Power Company, a joint venture with Statkraft, Norway which owns and operates the Allain Duhangan hydropower project.
Bhilwara Energy offers Hydro Power Generation and Wind Power Generation.
Bhilwara Energy has 17 investors. Key investors include International Finance Corporation, LNJ Bhilwara Group, HEG Limited, RSWM, and Jacob Ballas Capital.
The valuation of Bhilwara Energy is $389.26M as of Jul 2014.
Bhilwara Energy operates through Bhilwara Energy Limited.
The legal entities of Bhilwara Energy currently have 9 directors, including Basant Kumar Jain, Pradeep Agarwal, Rishabh Jhunjhunwala and others.