About Eastern Electrolyser
Eastern Electrolyser is a company based in Noida (India) founded in 1994 by Chintan Tewari. Eastern Electrolyser has raised $1 million across 1 funding round from investors including De Gournay. The company has 74 employees. Eastern Electrolyser offers products and services including Hydrogen Gas Plants, Electrolysers, Compressors, and Storage Systems. Eastern Electrolyser operates in a competitive market with competitors including Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
- Headquarter Noida, India
- Employees 74
- Founders Chintan Tewari
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Website eeltdh2.com
- Social LinkedIn
- Legal Name Eastern Electrolyser Limited
- Date of Incorporation 20 May, 1987
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹24.40 Cr
FY 2024 · +42% YoY
- Net Profit₹3.50 Cr
FY 2024 · 14% margin
- EBITDA₹6.51 Cr
FY 2024 · 27% margin
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Unspecified
Apr 2023
- Investors
- Employee Count74
Associated legal entities of Eastern Electrolyser
Eastern Electrolyser operates through Eastern Electrolyser 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 |
|---|---|---|---|---|---|---|---|
| Eastern Electrolyser Limited CIN U32109UP1987PLC113324 | Active | 20 May 1987 | Noida, Uttar Pradesh | ₹24.4 Cr | 74 | 3 | View details |
Products & Services of Eastern Electrolyser
Eastern Electrolyser offers a comprehensive portfolio of products and services, including Hydrogen Gas Plants, Electrolysers, Compressors, and Storage Systems.
Systems for producing hydrogen via water electrolysis
Devices that generate hydrogen through water electrolysis
Equipment for compressing hydrogen gas in plants
Solutions for safely storing hydrogen gas
Funding Insights of Eastern Electrolyser
Eastern Electrolyser has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $1 million completed in April 2023. 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 $1M
- Total Rounds 1
- Last Round Unspecified — $1M
- First Round $1M
(Apr 2023)
- Investors Count 1
All 1 funding rounds of Eastern Electrolyser 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 |
|---|---|---|---|---|---|
| Apr 2023 | $1M | Unspecified | $9.04M | De Gournay | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $9.04M | •••••••• |
Last known valuation $9.04M (Apr 2023). 1 investors in total: 1 institutional.
Investors in Eastern Electrolyser
Eastern Electrolyser has secured backing from 1 investor. Prominent investors backing the company include De Gournay.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A premier brand specializing in high-quality wall decor products. | 1997 | degournay.com | London, United Kingdom |
Investor details for Eastern Electrolyser
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Board of directors of Eastern Electrolyser Limited (Eastern Electrolyser)
Eastern Electrolyser Limited is the primary company behind Eastern Electrolyser. The board of Eastern Electrolyser Limited currently have 3 directors; the longest-serving is Chintan Tewari, appointed in 1987. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chintan Tewari DIN 01308665 | Managing Director | 20 May 1987 | 39 yrs 4 mo | Eastern Electrolyser Limited |
| Shivam Tewari DIN 02661193 | Director | 31 Oct 2010 | 15 yrs 11 mo | Eastern Electrolyser Limited |
| Raja Ram Kumar DIN 08152597 | Director | 09 Jun 2018 | 8 yrs 4 mo | Eastern Electrolyser Limited |
People of Eastern Electrolyser
1 people are tracked at Eastern Electrolyser (1 in leadership); the tracked headcount is 74.
| Name | Role | Group |
|---|---|---|
| Founder& MD | Leadership |
Complete people profiles for Eastern Electrolyser
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Verified entity values are shown only after access is granted.
Financials of Eastern Electrolyser
Figures of Eastern Electrolyser Limited, the primary company behind Eastern Electrolyser, for FY 2024. Revenue was ₹24.40 Cr (+42% year on year). Net profit was ₹3.50 Cr (14% margin). EBITDA was ₹6.51 Cr (27% margin). Revenue has grown at a compounded annual rate of +58% over three years and +10% over five years.
- ₹24.40 CrRevenue · FY 2024 · +42% YoY
- ₹3.50 CrNet profit · 14% margin
- ₹6.51 CrEBITDA · 27% margin
- ₹47.6 LakhPaid-up capital
- 74Employees (provident fund records)
- +58%Revenue CAGR, 3 years
- +10%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eastern Electrolyser Limited are on its company page.
Detailed financial statements for Eastern Electrolyser
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Eastern Electrolyser
3 dated milestones of Eastern Electrolyser across 29 years, from founding to its latest funding, stage changes and deals.
- Founded Eastern Electrolyser is founded.
- Funding First funding round of $1.0M.
- Milestone Reaches Minicorn status.
Competitors of Eastern Electrolyser
Eastern Electrolyser 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 Nel Hydrogen, Orsted, Lhyfe, Sunfire and H3 Dynamics, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nelhydrogen.com | 1927 | Oslo, Norway | – | 673 | Provider of hydrogen production and storage solutions | |
| orsted.com | 2006 | Fredericia, Denmark | – | 5,638 | Power generation via bioenergy, thermal, and wind sources is offered. | |
| lhyfe.com | 2017 | Nantes, France | $96.93M | 195 | Producer and supplier of green hydrogen | |
| sunfire.de | 2010 | Dresden, Germany | $693.37M | 64 | Pressurized alkaline and solid oxide electrolysis products are manufactured. | |
| h3dynamics.com | 2015 | Singapore | $39M | – | Aerial inspection services are delivered using automated drones. | |
| eh2.com | 2020 | San Carlos, United States | $602.65M | 146 | Solutions for hydrogen generation via electrolysis are provided. | |
| verdagy.com | 2021 | Moss Landing, United States | $98M | 42 | Electrolyzers for hydrogen production are supplied by Verdagy. | |
| greenhydrogen.dk | 2007 | Kolding, Denmark | $259.35M | 298 | On-site hydrogen production solutions for energy applications are developed. | |
| stargatehydrogen.com | 2020 | Tallinn, Estonia | $56.34M | 57 | Green hydrogen is produced via electrolysis using alkaline technology. |
Detailed competitors of Eastern Electrolyser
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Similar companies to Eastern Electrolyser
10 companies that operate in the same segment as Eastern Electrolyser (Energy Storage Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
EV charging station network is operated for vehicle users. | 2017 | Munchen, Bayern, Germany | USD 791 M | – | – | |
Platform offering smart electric vehicle charging solutions | 2018 | London, England, United Kingdom | USD 63.18 M | – | – | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 1.88 B | – | – | |
Provider of electric vehicle charging solutions | 2009 | London, England, United Kingdom | USD 58.39 M | – | – | |
Monta is recognized as a provider of EV charging software solutions. | 2020 | Copenhagen, Denmark | USD 134.51 M | – | – | |
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Portable electric vehicle charging solutions are developed and provided. | 2014 | Boston, Massachusetts, United States | USD 104.86 M | – | 50 | |
Provider of solar integrated power storage system | 2010 | Wildpoldsried, Bavaria, Germany | USD 168.42 M | USD 132.91 M | – | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | – | USD 34.18 M | 177 |
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Frequently Asked Questions about Eastern Electrolyser
Eastern Electrolyser was founded in 1994 and raised its 1st funding round 29 years after it was founded.
Eastern Electrolyser is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Eastern Electrolyser is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Unspecified of $1M, raised on Apr 2023.
Eastern Electrolyser has 74 employees.
The primary company behind Eastern Electrolyser, Eastern Electrolyser Limited, reported revenue of ₹24.40 Cr for FY 2024, up 42% year on year.
Eastern Electrolyser was founded in 1994 and is headquartered in Noida, India. Electrolysis-based hydrogen generation solutions are developed and manufactured by the company for various industries. Alkaline and PEM technologies form the basis of these systems, which support applications in energy and manufacturing sectors. Operations focus on providing reliable hydrogen production equipment to meet industrial demands.
Eastern Electrolyser's top competitors include Lhyfe, Nel Hydrogen and Orsted.
Eastern Electrolyser offers Hydrogen Gas Plants, Electrolysers, Compressors, and Storage Systems.
Eastern Electrolyser has 1 investor. Key investors include De Gournay.
The valuation of Eastern Electrolyser is $9.04M as of Apr 2023.
Eastern Electrolyser operates through Eastern Electrolyser Limited.
The legal entities of Eastern Electrolyser currently have 3 directors, including Raja Ram Kumar, Chintan Tewari, Shivam Tewari.