About Borosil Renewables
Borosil Renewables is a company based in Mumbai (India) founded in 1962.. The company has 1,730 employees as of March 31, 2024. Borosil Renewables has completed 2 acquisitions, including GMB Glasmanufaktur Brandenburg and Interfloat. Borosil Renewables operates in a competitive market with competitors including Servoteh, Nessa, SuKam Solar, HVR Solar and Gautam Solar, among others.
- Headquarter Mumbai, India
- Employees 1730 as on 31 Mar, 2024
- 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 Borosil Renewables Limited
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Annual Revenue
$172.78 M (USD)7.69as on Mar 31, 2024
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Net Profit
$-8.13 M (USD)-48.35as on Mar 31, 2024
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EBITDA
$7.07 M (USD)-2.89as on Mar 31, 2024
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Latest Funding Round
$27.2 M (USD), Post-IPO
Dec 18, 2020
- Investors
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Employee Count
1730
as on Mar 31, 2024
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Investments & Acquisitions
GMB Glasmanufaktur Brandenburg
& 1 more
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IPO & Listings of Borosil Renewables
Borosil Renewables is a publicly listed company on the NSE with ticker symbol BORORENEW in India, operating in the Process industries 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.
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Funding Insights of Borosil Renewables
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $27.2M
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First Round
First Round
(18 Dec 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Post-IPO - Borosil Renewables | 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 Borosil Renewables
Borosil Renewables has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Convergent Finance. 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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Convergent Finance is engaged in private equity investments in India.
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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 Borosil Renewables
Borosil Renewables has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include GMB Glasmanufaktur Brandenburg and Interfloat. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of solar powered products
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2007 | ||||
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Solar glass for photovoltaics and solar thermal applications is manufactured.
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Borosil Renewables
| 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 |
Borosil Renewables Comparisons
Competitors of Borosil Renewables
Borosil Renewables 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 Servoteh, Nessa, SuKam Solar, HVR Solar and Gautam Solar, 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 |
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
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| domain | founded_year | HQ Location |
Offers solar consumer goods
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| domain | founded_year | HQ Location |
Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries
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| domain | founded_year | HQ Location |
Manufactures solar panels, batteries, and modules for renewable energy solutions in India.
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| domain | founded_year | HQ Location |
Manufactures solar modules and power plants with high-efficiency technology in India.
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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 Borosil Renewables
Frequently Asked Questions about Borosil Renewables
When was Borosil Renewables founded?
Borosil Renewables was founded in 1962 and raised its 1st funding round 58 years after it was founded.
Where is Borosil Renewables located?
Borosil Renewables is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Borosil Renewables?
Shreevar Kheruka is the current CEO of Borosil Renewables.
How many employees does Borosil Renewables have?
As of Mar 31, 2024, the latest employee count at Borosil Renewables is 1,730.
What is the annual revenue of Borosil Renewables?
Annual revenue of Borosil Renewables is $172.78M as on Mar 31, 2024.
What does Borosil Renewables do?
Borosil Renewables was established in 1962 and is based in Mumbai, India. Solar glass is produced by the company for integration into solar panels within the renewable energy sector. Manufacturing operations are centered on high-quality glass solutions essential for photovoltaic modules. The firm is led by Shreevar Kheruka, who serves as CEO and Managing Director, with activities focused on supporting solar technology deployment across India and beyond.
Who are the top competitors of Borosil Renewables?
Borosil Renewables's top competitors include Servoteh, SuKam Solar and Gautam Solar.
Is Borosil Renewables publicly traded?
Yes, Borosil Renewables is publicly traded on NSE under the ticker symbol BORORENEW.
How many acquisitions has Borosil Renewables made?
Borosil Renewables has made 2 acquisitions, including GMB Glasmanufaktur Brandenburg, and Interfloat.
Who are Borosil Renewables's investors?
Borosil Renewables has 1 investor. Key investors include Convergent Finance.
What is Borosil Renewables's ticker symbol?
The ticker symbol of Borosil Renewables is BORORENEW on NSE.
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