About Consul NeoWatt
Consul NeoWatt is a company based in Chennai (India) founded in 1981 was acquired by Fuji Electric in June 2019. Consul NeoWatt has raised $25 million across 1 funding round from investors including Fuji Electric and Peepul Capital. The company has 1,173 employees as of May 17, 2024. Consul NeoWatt has completed 1 acquisition, including Megatech Power Equipments. Consul NeoWatt operates in a competitive market with competitors including Sungrow, Fronius, MRO-TEK, Hoymiles Converter Technology and Bentek, among others.
- Headquarter Chennai, India
- Employees 1173 as on 17 May, 2024
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
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Social
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- Legal Name Consul Neowatt Power Solutions Private Limited
- Date of Incorporation 20 May, 1985
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$131.41 M (USD)37.61as on Mar 31, 2023
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Net Profit
$5.23 M (USD)132.27as on Mar 31, 2023
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EBITDA
$8.33 M (USD)161.91as on Mar 31, 2023
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Private Equity Round
Feb 01, 2012
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Investors
Fuji Electric
& 1 more
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Employee Count
1173
as on May 17, 2024
- Investments & Acquisitions
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Acquired by
Fuji Electric
(Jun 20, 2019)
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Funding Insights of Consul NeoWatt
Consul NeoWatt has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $25 million completed in February 2012. 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.
Investors in Consul NeoWatt
Consul NeoWatt has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Fuji Electric and Peepul Capital.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm engaged in growth investments across India.
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Consumer electronics products are manufactured and supplied by Fuji Electric.
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Investor details for Consul NeoWatt
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Investments & Acquisitions by Consul NeoWatt
Consul NeoWatt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Megatech Power Equipments.
Investment portfolio details for Consul NeoWatt
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Power backup and conditioning solutions are provided globally.
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Complete acquisition details for Consul NeoWatt
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Financial Statements - Consul NeoWatt
Detailed financials for Consul NeoWatt
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Consul Neowatt Comparisons
Peer comparison for Consul NeoWatt
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Competitors of Consul NeoWatt
Consul NeoWatt 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 Sungrow, Fronius, MRO-TEK, Hoymiles Converter Technology and Bentek, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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PV Inverter and Power Storage developer
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BoS units and grid-integrated inverters for solar plants are developed.
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Solar UPS, inverters, and charge controllers are manufactured by MRO-TEK.
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Hoymiles Converter Technology produces high-quality microinverters and power electronics for the solar industry.
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BoS products for solar systems are designed and manufactured.
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Detailed competitors of Consul NeoWatt
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Latest news on Consul Neowatt
Complete news archive for Consul NeoWatt
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Frequently Asked Questions about Consul NeoWatt
Consul NeoWatt was founded in 1981 and raised its 1st funding round 31 years after it was founded.
Consul NeoWatt is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Consul NeoWatt is a funded company, having raised a total of $25M across 1 funding round to date.
As of May 17, 2024, the latest employee count at Consul NeoWatt is 1,173.
Annual revenue of Consul NeoWatt is $131.41M as on Mar 31, 2023.
The merger of Consul Consolidated and Neowatt Energy in June 2014 led to the creation of Consul NeoWatt, with origins dating to 1981. Electronic power products, such as solar inverters, stabilizers, transformers, and UPS units, are produced by the company. Services extend to sectors including banking, healthcare, telecommunications, and education. Operations are centered in Chennai, India, within the power electronics industry.
Consul NeoWatt has made 1 acquisition, including Megatech Power Equipments.
Consul NeoWatt has 2 investors. Key investors include Fuji Electric, and Peepul Capital.