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
***********
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Phone
*********
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Website
*********
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Social
*********
- 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 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 Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $25.0M
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First Round
First Round
(01 Feb 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2012 | Amount | Private Equity Round - Consul NeoWatt | Valuation | Peepul Capital |
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| 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 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. 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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Private equity firm engaged in growth investments across India.
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Founded Year | Domain | Location | |
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Consumer electronics products are manufactured and supplied by Fuji Electric.
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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 Consul NeoWatt
Consul NeoWatt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Megatech Power Equipments. 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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Power backup and conditioning solutions are provided globally.
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1989 |
| 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 - Consul NeoWatt
| 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 |
Consul Neowatt Comparisons
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. 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 |
PV Inverter and Power Storage developer
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| domain | founded_year | HQ Location |
BoS units and grid-integrated inverters for solar plants are developed.
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| domain | founded_year | HQ Location |
Solar UPS, inverters, and charge controllers are manufactured by MRO-TEK.
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| domain | founded_year | HQ Location |
Hoymiles Converter Technology produces high-quality microinverters and power electronics for the solar industry.
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| domain | founded_year | HQ Location |
BoS products for solar systems are designed and manufactured.
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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 Consul Neowatt
Frequently Asked Questions about Consul NeoWatt
When was Consul NeoWatt founded?
Consul NeoWatt was founded in 1981 and raised its 1st funding round 31 years after it was founded.
Where is Consul NeoWatt located?
Consul NeoWatt is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Consul NeoWatt a funded company?
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 01, 2012.
How many employees does Consul NeoWatt have?
As of May 17, 2024, the latest employee count at Consul NeoWatt is 1,173.
What is the annual revenue of Consul NeoWatt?
Annual revenue of Consul NeoWatt is $131.41M as on Mar 31, 2023.
What does Consul NeoWatt do?
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.
Who are the top competitors of Consul NeoWatt?
How many acquisitions has Consul NeoWatt made?
Consul NeoWatt has made 1 acquisition, including Megatech Power Equipments.
Who are Consul NeoWatt's investors?
Consul NeoWatt has 2 investors. Key investors include Fuji Electric, and Peepul Capital.