About Coastal Energen
Coastal Energen is a company based in Chennai (India) founded in 2008 was acquired by Adani Power in February 2024.. The company has 65 employees as of March 30, 2024.
- Headquarter Chennai, India
- Employees 65 as on 30 Mar, 2024
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
- Legal Name Coastal Energen Private Limited
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$229.03 M (USD)99.54as on Mar 31, 2023
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Net Profit
$-9.02 M (USD)-25.71as on Mar 31, 2023
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EBITDA
$-4.82 M (USD)-148.81as on Mar 31, 2023
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Latest Funding Round
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Investors
Punjab National Bank
& 6 more
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Employee Count
65
as on Mar 30, 2024
- Acquired by
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Funding Insights of Coastal Energen
| 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 Coastal Energen
Coastal Energen has secured backing from 7 investors, including institutional investors. Prominent investors backing the company include Punjab National Bank, Indian Overseas Bank and State Bank of India. 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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Commercial banking services are offered across India by UCO Bank.
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Founded Year | Domain | Location | |
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Commercial banking services are offered to individuals and businesses.
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Founded Year | Domain | Location | |
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Commercial banking and financial services are provided to diverse clients.
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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 Coastal Energen
| 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 - Coastal Energen
| 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 |
Coastal Energen Comparisons
Competitors of Coastal Energen
| 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 Coastal Energen
Frequently Asked Questions about Coastal Energen
When was Coastal Energen founded?
Coastal Energen was founded in 2008.
Where is Coastal Energen located?
Coastal Energen is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
How many employees does Coastal Energen have?
As of Mar 30, 2024, the latest employee count at Coastal Energen is 65.
What is the annual revenue of Coastal Energen?
Annual revenue of Coastal Energen is $229.03M as on Mar 31, 2023.
What does Coastal Energen do?
Coastal Energen was established in 2008 and is headquartered in Chennai, India. Power projects powered by non-renewable energy sources are developed and managed by the company within the energy sector. Operations encompass project planning, execution, and maintenance for thermal power generation. Services are provided to support electricity production using fossil fuels, with activities centered in southern India to meet regional energy demands. The domain coastalenergen.com is utilized for online presence.
Who are Coastal Energen's investors?
Coastal Energen has 7 investors. Key investors include Punjab National Bank, Indian Overseas Bank, State Bank of India, UCO Bank, and Central Bank of India.
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