About Consul NeoWatt
Consul NeoWatt is an Energy & Utilities company based in Chennai (India) founded in 1981, and was acquired by Fuji Electric in June 2019. Power backup products and solutions are manufactured for multiple sectors. Consul NeoWatt has raised $25 million across 1 funding round from investors including Fuji Electric and Peepul Capital. The company has 1,173 employees. Consul NeoWatt has completed 1 acquisition, including Megatech Power Equipments. Its Indian entity Fuji Electric India Private Limited reported revenue of ₹1,208 Cr. Its focus areas include Energy, Solar Energy, Hardware Developer and Balance of Systems.
Company details
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.
- Headquarters Chennai, India
- Employees 1,173
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website consulindia.com
- Social LinkedIn X
- Acquired by Fuji Electric (Jun 2019)
- Legal Name Consul Neowatt Power Solutions Private Limited
- Date of Incorporation 20 May, 1985
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1,208 Cr
FY 2024 · +11% YoY
- Net Profit₹49.62 Cr
FY 2024 · 4% margin
- EBITDA₹99.39 Cr
FY 2024 · 8% margin
- Total Equity Funding$25M (USD)
in 1 rounds
- Latest Funding Round$25M (USD), Private Equity Round
Feb 2012
- InvestorsFuji Electric
& 1 more
- Employee Count1,173
- Investments & Acquisitions
- Acquired byFuji Electric
(Jun 2019)
Associated legal entities of Consul NeoWatt
Consul NeoWatt operates through Fuji Electric India 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 |
|---|---|---|---|---|---|---|---|
| Fuji Electric India Private Limited CIN U31900TN1985PTC011866 | Active | 20 May 1985 | Chennai, Tamil Nadu | ₹1,208 Cr | 1,173 | 10 | View details |
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.
- Total Funding $25M
- Total Rounds 1
- Last Round Private Equity Round — $25M
- First Round $25M
(Feb 2012)
- Investors Count 1
All 1 funding rounds of Consul NeoWatt 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 |
|---|---|---|---|---|---|
| Feb 2012 | $25M | Private Equity Round | – | Peepul Capital | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Private equity firm engaged in growth investments across India. | 2000 | peepulcapital.com | Port Louis, Mauritius | |
Consumer electronics products are manufactured and supplied by Fuji Electric. | 1923 | fujielectric.com | Tokyo, Japan |
Investor details for Consul NeoWatt
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Board of directors of Fuji Electric India Private Limited (Consul NeoWatt)
Fuji Electric India Private Limited is the primary company behind Consul NeoWatt. The board of Fuji Electric India Private Limited currently have 9 directors; the longest-serving is Hiroshi Tetsutani, appointed in 2019. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hiroshi Tetsutani DIN 07270238 | Director | 23 Sep 2019 | 7 yrs 1 mo | Fuji Electric India Private Limited |
| Masatsugu Tomotaka DIN 08553924 | Director | 23 Sep 2019 | 7 yrs 1 mo | Fuji Electric India Private Limited |
| Yosuke Ishizaka DIN 08479835 | Managing Director | 28 Oct 2019 | 6 yrs 11 mo | Fuji Electric India Private Limited |
| Mahesh Sachdeva DIN 00480494 | Director | 23 Jun 2022 | 4 yrs 4 mo | Fuji Electric India Private Limited |
| Hidekatsu Kuroda DIN 09746686 | Director | 28 Sep 2022 | 4 yrs | Fuji Electric India Private Limited |
| Ashes Nandi DIN 10154956 | Director | 26 Jun 2023 | 3 yrs 3 mo | Fuji Electric India Private Limited |
| Hiroshi Ishimatsu DIN 10666465 | Director | 25 Jun 2024 | 2 yrs 3 mo | Fuji Electric India Private Limited |
| Masaki Miyawaki DIN 10783667 | Director | 25 Sep 2024 | 2 yrs | Fuji Electric India Private Limited |
| Govindaraju Deenathayalan Krishnaswamy DIN 10945911 | Director | 25 Mar 2025 | 1 yr 7 mo | Fuji Electric India Private Limited |
Financials of Consul NeoWatt
Figures of Fuji Electric India Private Limited, the primary company behind Consul NeoWatt, for FY 2024. Revenue was ₹1,208 Cr (+11% year on year). Net profit was ₹49.62 Cr (4% margin). EBITDA was ₹99.39 Cr (8% margin). Revenue has grown at a compounded annual rate of +43% over three years and +23% over five years.
- ₹1,208 CrRevenue · FY 2024 · +11% YoY
- ₹49.62 CrNet profit · 4% margin
- ₹99.39 CrEBITDA · 8% margin
- ₹2.33 CrPaid-up capital
- 1,173Employees (provident fund records)
- +43%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fuji Electric India Private Limited are on its company page.
Detailed financial statements for Consul NeoWatt
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Power backup and conditioning solutions are provided globally. | megatechups.com | Kanchipuram, India | 1989 | Jan 2013 | •••• |
Complete acquisition details for Consul NeoWatt
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Timeline of Consul NeoWatt
4 dated milestones of Consul NeoWatt across 38 years, from founding to its latest funding, stage changes and deals.
- Founded Consul NeoWatt is founded.
- Funding First funding round of $25.0M.
- Acquisition Acquires Megatech Power Equipments.
- Exit Acquired by Fuji Electric.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Consul NeoWatt (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 |
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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. The company's 1st funding round was a Private Equity Round of $25M, raised on Feb 2012.
Consul NeoWatt has 1,173 employees.
The primary company behind Consul NeoWatt, Fuji Electric India Private Limited, reported revenue of ₹1,208 Cr for FY 2024, up 11% year on year.
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.
Consul NeoWatt operates through Fuji Electric India Private Limited.
Yes. Consul NeoWatt was acquired by Fuji Electric in June 2019.
The legal entities of Consul NeoWatt currently have 10 directors, including Hiroshi Tetsutani, Ashes Nandi, Masatsugu Tomotaka and others.