About Coastal Energen
Coastal Energen is an Energy & Utilities company based in Chennai (India) founded in 2008, and was acquired by Adani Power in February 2024. Non-renewable energy-based power projects are developed in India. The company has 65 employees. Its Indian entity Coastal Energen Private Limited reported revenue of ₹3,640 Cr. Its focus areas include Energy and Non- Renewable Power Generation.
Company details
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.
- Headquarters Chennai, India
- Employees 65
- Stage Acquired
- SectorsEnergy & Utilities
- Website coastalenergen.com
- Acquired by SBI (Jan 2019)
- Legal Name Coastal Energen Private Limited
- Date of Incorporation 29 May, 2006
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹3,640 Cr
FY 2024 · +91% YoY
- Net Loss-₹23.90 Cr
FY 2024 · -1% margin
- EBITDA₹299 Cr
FY 2024 · 8% margin
- InvestorsPunjab National Bank
& 6 more
- Employee Count65
- Acquired by
Associated legal entities of Coastal Energen
Coastal Energen operates through Coastal Energen Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Coastal Energen Private Limited CIN U40102TN2006PTC060009 | Active | 29 May 2006 | Chennai, Tamil Nadu | ₹3,640 Cr | 65 | 2 | View details |
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commercial banking services are offered across India by UCO Bank. | 1943 | ucobank.com | Kolkata, India | |
Commercial banking services are offered to individuals and businesses. | 1894 | pnbindia.in | Delhi, India | |
Commercial banking and financial services are provided to diverse clients. | 1806 | sbi.co.in | Mumbai, India | |
Commercial bank | 1911 | centralbankofindia.co.in | Mumbai, India | |
Commercial banking services are offered to individuals and corporates. | 1937 | iob.in | Chennai, India | |
Commercial banking services are offered to individuals and corporates. | 1907 | indianbank.in | Chennai, India | |
Coal-powered thermal plants are operated for electricity generation in India. | 2006 | adanipower.com | Ahmedabad, India |
Investor details for Coastal Energen
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Board of directors of Coastal Energen Private Limited (Coastal Energen)
Coastal Energen Private Limited is the primary company behind Coastal Energen. The board of Coastal Energen Private Limited currently have 2 directors; the longest-serving is Sandeep Jain, appointed in 2024. 21 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Jain DIN 03445998 | Additional Director | 31 Aug 2024 | 2 yrs 2 mo | Coastal Energen Private Limited |
| Nishit Harshadrai Dave DIN 09518433 | Additional Director | 31 Aug 2024 | 2 yrs 2 mo | Coastal Energen Private Limited |
Financials of Coastal Energen
Figures of Coastal Energen Private Limited, the primary company behind Coastal Energen, for FY 2024. Revenue was ₹3,640 Cr (+91% year on year). Net loss was -₹23.90 Cr (-1% margin). EBITDA was ₹299 Cr (8% margin). Revenue has grown at a compounded annual rate of +23% over three years and +18% over five years.
- ₹3,640 CrRevenue · FY 2024 · +91% YoY
- -₹23.90 CrNet loss · -1% margin
- ₹299 CrEBITDA · 8% margin
- ₹211 CrPaid-up capital
- 65Employees (provident fund records)
- +23%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Coastal Energen Private Limited are on its company page.
Detailed financial statements for Coastal Energen
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Timeline of Coastal Energen
3 dated milestones of Coastal Energen across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Coastal Energen is founded.
- Exit Acquired by SBI.
- Exit Acquired by Adani Power.
Top companies in Non-Renewable Power Generation
3 companies that operate in the same segment as Coastal Energen (Non-Renewable Power Generation) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electricity generation and allied activities are conducted by NTPC. | 1975 | Delhi, Delhi, India | USD 22.95 B | 12,843 | ||
Operations in power, retail, IT services, and other sectors across India and globally. | 1820 | Kolkata, West Bengal, India | USD 59.84 M | |||
Engineering and construction services for power generation infrastructure are offered. | 1999 | Hyderabad, Telangana, India | USD 8.59 M | USD 650.93 M | 4,643 |
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Frequently Asked Questions about Coastal Energen
Coastal Energen was founded in 2008.
Coastal Energen is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Coastal Energen has 65 employees.
The primary company behind Coastal Energen, Coastal Energen Private Limited, reported revenue of ₹3,640 Cr for FY 2024, up 91% year on year.
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.
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.
Coastal Energen operates through Coastal Energen Private Limited.
Yes. Coastal Energen was acquired by SBI in January 2019.
The legal entities of Coastal Energen currently have 2 directors, including Sandeep Jain, Nishit Harshadrai Dave.