About Enelek Power
Enelek Power is an Energy & Utilities company based in Mumbai (India) founded in 2011, and was acquired by Blue Circle Services in February 2012. It operates as a solar thermal systems were developed for residential and commercial use. Its Indian entity Enelek Power Private Limited reported revenue of ₹23.2 Lakh. Its focus areas include Energy, Solar Energy, Solar Products and Multi-Products. Its competitors include Borosil Renewables, Servoteh, Ksolare Energy, Nessa and HVR Solar and 4 more; 2 of its 9 listed competitors have raised funding.
Company details
Enelek Power was founded in 2011 in Mumbai, India, within the renewable energy sector. Solar thermal systems were developed by the company for residential and commercial applications. Incubation occurred at SINE - IIT Bombay to support its operations. Acquisition by Blue Circle Services took place in February 2012, marking the end of independent activities.
- Headquarters Mumbai, India
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website enelek.com
- Social LinkedIn Facebook
- Acquired by Blue Circle Services (Feb 2012)
- Legal Name Enelek Power Private Limited
- Date of Incorporation 29 Jan, 2011
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹23.2 Lakh
FY 2020 · +2476% YoY
- Net Profit₹2.8 Lakh
FY 2020 · 12% margin
- EBITDA-₹20.3 Lakh
FY 2020 · -88% margin
- Investors
- Acquired byBlue Circle Services
(Feb 2012)
Associated legal entities of Enelek Power
Enelek Power operates through Enelek Power Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Enelek Power Private Limited CIN U40300MH2011PTC212820 | Strike Off | 29 Jan 2011 | Mumbai, Maharashtra | ₹0.2 Cr | – | 2 | View details |
Investors in Enelek Power
Enelek Power has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Blue Circle Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
BPO services in finance and insurance sectors are delivered. | – | bluecircleservices.com | Mumbai, India |
Investor details for Enelek Power
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Verified entity values are shown only after access is granted.
Board of directors of Enelek Power Private Limited (Enelek Power)
Enelek Power Private Limited is the primary company behind Enelek Power. The board of Enelek Power Private Limited currently have 2 directors; the longest-serving is Sumit Chhazed, appointed in 2011. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumit Chhazed DIN 03300948 | Managing Director | 29 Jan 2011 | 15 yrs 8 mo | Enelek Power Private Limited |
| Nikhil Ashok Jain DIN 03300874 | Director | 29 Jan 2011 | 15 yrs 8 mo | Enelek Power Private Limited |
Financials of Enelek Power
Figures of Enelek Power Private Limited, the primary company behind Enelek Power, for FY 2020. Revenue was ₹23.2 Lakh (+2476% year on year). Net profit was ₹2.8 Lakh (12% margin). EBITDA was -₹20.3 Lakh (-88% margin). Revenue has grown at a compounded annual rate of -8% over five years.
- ₹23.2 LakhRevenue · FY 2020 · +2476% YoY
- ₹2.8 LakhNet profit · 12% margin
- -₹20.3 LakhEBITDA · -88% margin
- ₹1 LakhPaid-up capital
- -8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Enelek Power Private Limited are on its company page.
Detailed financial statements for Enelek Power
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Enelek Power
2 dated milestones of Enelek Power across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Enelek Power is founded.
- Exit Acquired by Blue Circle Services.
Competitors of Enelek Power
Enelek Power has 9 listed competitors in our database, 2 of them funded. They include Borosil Renewables, Servoteh, Ksolare Energy, Nessa and HVR Solar, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| borosilrenewables.com | 1962 | Mumbai, India | – | 762 | Solar glass is manufactured by Borosil Renewables for photovoltaic applications. | |
| servotech.in | 2004 | Delhi, India | – | 178 | Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs | |
| ksolare.com | 2012 | Pune, India | – | 52 | Manufactures solar inverters and EV chargers for renewable energy solutions. | |
| nessa.in | 2008 | Ahmedabad, India | $95,277 | 84 | Offers solar consumer goods | |
| hvrsolar.com | 2016 | Delhi, India | – | 59 | Manufactures solar panels, batteries, and modules for renewable energy solutions in India. | |
| dhashtec.com | 2017 | Bengaluru, India | – | 100 | Provides comprehensive solutions for PV junction boxes, connectors, and cables for solar panels. | |
| sukam-solar.com | 1998 | Gurugram, India | $10.08M | 97 | Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries | |
| kosolenergie.com | 2005 | Ahmedabad, India | – | 92 | Manufactures solar products, provides renewable energy systems, and offers EPC services internationally. | |
| avi-products.com | 1994 | Ahmedabad, India | – | 34 | Offers solar water pumping systems and renewable energy products for Indian farmers and businesses. |
Detailed competitors of Enelek Power
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as Enelek Power (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
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 and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Frequently Asked Questions about Enelek Power
Enelek Power was founded in 2011.
Enelek Power is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Enelek Power, Enelek Power Private Limited, reported revenue of ₹23.2 Lakh for FY 2020, up 2476% year on year.
Enelek Power was founded in 2011 in Mumbai, India, within the renewable energy sector. Solar thermal systems were developed by the company for residential and commercial applications. Incubation occurred at SINE - IIT Bombay to support its operations. Acquisition by Blue Circle Services took place in February 2012, marking the end of independent activities.
Enelek Power's top competitors include Servoteh, Borosil Renewables and SuKam Solar.
Enelek Power has 1 investor. Key investors include Blue Circle Services.
Enelek Power operates through Enelek Power Private Limited.
Yes. Enelek Power was acquired by Blue Circle Services in February 2012.
The legal entities of Enelek Power currently have 2 directors, including Sumit Chhazed, Nikhil Ashok Jain.