About CORE Energy Systems
CORE Energy Systems is an Energy & Utilities company based in Mumbai (India) founded in 2000 by Nagesh Basarkar. Provider of engineered package systems and turnkey project solutions. It operates in the Energy & Utilities and Industrial Goods & Manufacturing sectors. CORE Energy Systems has raised $52 million across 8 funding rounds from investors including IDBI Capital, Pankaj Prasoon and Ashish Kacholia. The company has 999 employees. Its chief executive, as recorded, is Kumar Pranay. Its Indian entity Core Energy Systems Limited reported revenue of ₹225 Cr. CORE Energy Systems offers products and services including Engineered Package Systems, Operations and Maintenance, Industrial Products, and Nuclear Engineering Solutions. Its focus areas include Energy, Industrial Goods and Manufacturing, Manufacturing Services and Diversified.
Company details
CORE Energy Systems was founded in 2000 and is based in Mumbai, India. Engineered package systems and turnkey project solutions are offered across nuclear, oil and gas, defense, and industrial sectors. Services include operations and maintenance, shutdown maintenance, erection and commissioning, and equipment overhauls. Industrial products are also supplied, with project execution handled on a turnkey basis.
- Headquarters Mumbai, India
- Employees 999
- Founders Nagesh Basarkar
- SectorsEnergy & UtilitiesIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website core.co.in
- Social LinkedIn Facebook Instagram
- Legal Name Core Energy Systems Ltd
- Date of Incorporation 04 Jun, 2004
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹225 Cr
FY 2025 · +95% YoY
- Net Profit₹18.53 Cr
FY 2025 · 8% margin
- EBITDA₹35.10 Cr
FY 2025 · 16% margin
- Total Equity Funding$52M (USD)
in 8 rounds
- Latest Funding Round$23M (USD), Series B
Aug 2025
- InvestorsIDBI Capital
& 45 more
- Employee Count999
Associated legal entities of CORE Energy Systems
CORE Energy Systems is associated with 3 registered companies on The Company Check; the primary company is Core Energy Systems Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Core Energy Systems Limited CIN U43121MH2004PLC146779 | Active | 04 Jun 2004 | Mumbai, Maharashtra | ₹225 Cr | 999 | 10 | View details |
| Core Mahathi Projects India Private Limited CIN U29308MH2022PTC393406 | Strike Off | 13 Nov 2022 | Mumbai, Maharashtra | 5 | View details | ||
| Pompetravaini Core India Private Limited CIN U74999MH2018PTC308718 | Active | 01 May 2018 | Dombivli, Maharashtra | ₹1.2 Cr | 2 | View details |
Products & Services of CORE Energy Systems
CORE Energy Systems offers a comprehensive portfolio of products and services, including Engineered Package Systems, Operations and Maintenance, Industrial Products, and Nuclear Engineering Solutions.
Provides turnkey solutions for energy infrastructure projects
Offers overhaul and commissioning for industrial equipment
Supplies spares and systems for energy sectors
Handles nuclear waste and decommissioning tasks
Funding Insights of CORE Energy Systems
CORE Energy Systems has successfully raised a total of $52M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $23 million completed in August 2025. 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 $52M
- Total Rounds 8
- Last Round Series B — $23M
- First Round $150,012
(Mar 2016)
- Investors Count 46
All 8 funding rounds of CORE Energy Systems 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 |
|---|---|---|---|---|---|
| Aug 2025 | $23M | Series B | – | Pankaj Prasoon, Ashish Kacholia | – |
| Sep 2024 | $23.72M | Series B | – | Praful Kumar | |
| Mar 2023 | $243,159 | Series A | – | – | – |
| Feb 2022 | $4.25M | Unspecified | – | IDBI Capital | – |
| Jan 2022 | $294,045 | Angel Round | – | – | – |
| Apr 2021 | $34,372 | Seed | – | – | – |
| Jan 2021 | $315,244 | Angel Round | – | – | – |
| Mar 2016 | $150,012 | Angel Round | – | – |
46 investors in total: 4 institutional and 42 angel.
Investors in CORE Energy Systems
CORE Energy Systems has secured backing from 46 investors, including institutional and angel investors. Prominent investors backing the company include IDBI Capital, Pankaj Prasoon and Ashish Kacholia.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services including M&A advisory and financing are provided. | idbicapital.com | Mumbai, India | ||
| aamaracapital.com | ||||
PP Pankaj Prasoon | unknown_e39ceba13e1e46509 | |||
AK Ashish Kacholia | unknown_5ecfcf03078a4bafa | |||
PK Praful Kumar | unknown_d40df2c686a64d29b | |||
RD Ritesh Dalmia | unknown_c59180cf6541459bb | |||
JJ Jyothivardan Jaipuria | unknown_0800715dc4664a779 | |||
NS Naresh Saraaf | unknown_4ff49063450e4070b | |||
SM Satyabrata Mohanty | unknown_61665bd5a2ab48f6a | |||
SP Satyen Patel | unknown_693cf1709b74476b9 |
Investor details for CORE Energy Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Core Energy Systems Limited (CORE Energy Systems)
Core Energy Systems Limited is the primary company behind CORE Energy Systems. The boards of the 3 registered companies of CORE Energy Systems currently have 14 directors; the longest-serving is Draupadi Narayan Basarkar, appointed in 2004. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Draupadi Narayan Basarkar DIN 01215814 | Director | 04 Jun 2004 | 22 yrs 5 mo | Core Energy Systems Limited |
| Fabrizio Tiani DIN 08122862 | Director | 01 May 2018 | 8 yrs 6 mo | Pompetravaini Core India Private Limited |
| Paresh Yashwant Mahadik DIN 08295762 | Director | 07 Dec 2018 | 7 yrs 11 mo | Core Energy Systems Limited |
| Tarakad Ramaseshan Ramanathan DIN 08434513 | Whole-time director | 01 Jul 2020 | 6 yrs 4 mo | Core Energy Systems Limited |
| Sriram Narayan Iyer DIN 09075904 | Director | 31 Dec 2020 | 5 yrs 10 mo | Core Energy Systems Limited |
| Raja Sekhar Jonnalagadda DIN 09789469 | Director | 13 Nov 2022 | 4 yrs | Core Mahathi Projects India Private Limited |
| Sunayana Nagesh Basarkar DIN 01214211 | Director | 13 Nov 2022 | 4 yrs | Core Mahathi Projects India Private Limited, Core Energy Systems Limited |
| Yandapalli Kalyan Swaroop DIN 06380842 | Director | 13 Nov 2022 | 4 yrs | Core Mahathi Projects India Private Limited |
| Nagesh Narayan Basarkar DIN 01214157 | Managing Director | 13 Nov 2022 | 4 yrs | Core Mahathi Projects India Private Limited, Pompetravaini Core India Private Limited, Core Energy Systems Limited |
| Ravishankar Yandapalli DIN 02692070 | Director | 13 Nov 2022 | 4 yrs | Core Mahathi Projects India Private Limited |
| Yakub Daudbhai Bhetasiwala DIN 00973001 | Director | 18 Sep 2023 | 3 yrs 1 mo | Core Energy Systems Limited |
| Priyesh Bharat Somaiya DIN 08664781 | Director | 18 Sep 2023 | 3 yrs 1 mo | Core Energy Systems Limited |
| Pankaj Prasoon DIN 06529561 | Director | 17 Feb 2025 | 1 yr 8 mo | Core Energy Systems Limited |
| Anantapadmanabhan Anantaram Sarma DIN 00624900 | Director | 01 Oct 2025 | 1 yr 1 mo | Core Energy Systems Limited |
People of CORE Energy Systems
5 people are tracked at CORE Energy Systems (4 in leadership, 1 in team); the tracked headcount is 999.
| Name | Role | Group |
|---|---|---|
| Founder & Managing Director | Leadership | |
| Director | Leadership | |
Kumar Pranay | CEO | Leadership |
Pawan Goswami | OU Head- Asset Management (o&m) Business | Leadership |
Jagruti Pirankar | Project & Sales Manager | Team |
Complete people profiles for CORE Energy Systems
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Verified entity values are shown only after access is granted.
Financials of CORE Energy Systems
Figures of Core Energy Systems Limited, the primary company behind CORE Energy Systems, for FY 2025. Revenue was ₹225 Cr (+95% year on year). Net profit was ₹18.53 Cr (8% margin). EBITDA was ₹35.10 Cr (16% margin). Revenue has grown at a compounded annual rate of +51% over three years and +45% over five years.
- ₹225 CrRevenue · FY 2025 · +95% YoY
- ₹18.53 CrNet profit · 8% margin
- ₹35.10 CrEBITDA · 16% margin
- ₹2.45 CrPaid-up capital
- 999Employees (provident fund records)
- +51%Revenue CAGR, 3 years
- +45%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Core Energy Systems Limited are on its company page.
Detailed financial statements for CORE Energy Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of CORE Energy Systems
3 dated milestones of CORE Energy Systems across 25 years, from founding to its latest funding, stage changes and deals.
- Founded CORE Energy Systems is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Series B, of $23.0M.
Web traffic of CORE Energy Systems
The website of CORE Energy Systems (core.co.in) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 8% vs previous month
Top companies in Power Transmission & Distribution
3 companies that operate in the same segment as CORE Energy Systems (Power Transmission & Distribution) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Power distribution and secure services in Telangana. | 2014 | Hyderabad, Telangana, India | USD 5.41 B | 19,439 | ||
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Electricity transmission utility projects are developed in India. | 2010 | Mumbai, Maharashtra, India | USD 167.58 M | USD 603.94 M |
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Frequently Asked Questions about CORE Energy Systems
CORE Energy Systems was founded in 2000 and raised its 1st funding round 16 years after it was founded.
CORE Energy Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kumar Pranay is the CEO of CORE Energy Systems, as recorded in our data.
CORE Energy Systems is a funded company, having raised a total of $52M across 8 funding rounds to date. The company's 1st funding round was a Angel Round of $150.01K, raised on Mar 2016.
CORE Energy Systems has 999 employees.
The primary company behind CORE Energy Systems, Core Energy Systems Limited, reported revenue of ₹225 Cr for FY 2025, up 95% year on year.
CORE Energy Systems was founded in 2000 and is based in Mumbai, India. Engineered package systems and turnkey project solutions are offered across nuclear, oil and gas, defense, and industrial sectors. Services include operations and maintenance, shutdown maintenance, erection and commissioning, and equipment overhauls. Industrial products are also supplied, with project execution handled on a turnkey basis.
CORE Energy Systems offers Engineered Package Systems, Operations and Maintenance, Industrial Products, and Nuclear Engineering Solutions.
CORE Energy Systems has 46 investors. Key investors include IDBI Capital, Pankaj Prasoon, Ashish Kacholia, Praful Kumar, and Ritesh Dalmia.
CORE Energy Systems is associated with 3 legal entities: Core Energy Systems Limited, Core Mahathi Projects India Private Limited, Pompetravaini Core India Private Limited.
The legal entities of CORE Energy Systems currently have 14 directors, including Raja Sekhar Jonnalagadda, Sunayana Nagesh Basarkar, Yandapalli Kalyan Swaroop and others.