About EverSource Capital
EverSource Capital is a Financial Services company based in Mumbai (India) founded in 2018. Infrastructure investment and management are conducted in India. The company has 26 employees. EverSource Capital has completed 3 acquisitions, including GreenCell Mobility, Lithium Urban Technologies and Origin Renewables. Its chief executive, as recorded, is Dhanpal Jhaveri. Its Indian entity Eversource Capital Private Limited reported revenue of ₹64.37 Cr. EverSource Capital offers products and services including Renewable Energy Investments and Electric Mobility Solutions. Its focus areas include Investment Industry, Infrastructure Funds, Funds and Sustainable Funds.
Company details
EverSource Capital was established in 2018 as a joint venture between Everstone Capital and Lightsource BP. Based in Mumbai, India, the firm is focused on infrastructure sectors, including social infrastructure and energy. Investments are directed toward these areas, with management services provided for assets. Operations are centered in India, supported by a leadership team comprising a CEO and several managing directors.
- Headquarters Mumbai, India
- Employees 26
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website eversourcecapital.com
- Social LinkedIn X
- Legal Name Eversource Capital Private Limited
- Date of Incorporation 12 Mar, 2018
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹64.37 Cr
FY 2025 · +21% YoY
- Net Loss-₹19.9 Lakh
FY 2025 · 0% margin
- EBITDA₹28.4 Lakh
FY 2025 · 0% margin
- Investors
- Employee Count26
- Investments & AcquisitionsGreenCell Mobility
& 2 more
Associated legal entities of EverSource Capital
EverSource Capital operates through Eversource Capital Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Eversource Capital Private Limited CIN U65990MH2018PTC306339 | Active | 12 Mar 2018 | Mumbai, Maharashtra | ₹64.4 Cr | 26 | 5 | View details |
Products & Services of EverSource Capital
EverSource Capital offers a comprehensive portfolio of products and services, including Renewable Energy Investments and Electric Mobility Solutions.
Investments in renewable energy infrastructure are managed to ensure sustainable economic growth and accessibility for businesses and communities.
Solutions for electric vehicle transportation are supported through investments that promote cost-effective and non-polluting mobility services.
Funding Insights of EverSource Capital
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of EverSource Capital 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 2024 | Private Equity Round | – | FMO | – |
1 investors in total: 1 institutional.
Investors in EverSource Capital
EverSource Capital has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include FMO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands |
Investor details for EverSource Capital
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Board of directors of Eversource Capital Private Limited (EverSource Capital)
Eversource Capital Private Limited is the primary company behind EverSource Capital. The board of Eversource Capital Private Limited currently have 5 directors; the longest-serving is Dhanpal Arvind Jhaveri, appointed in 2018. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Dhanpal Arvind Jhaveri DIN 02018124 | Managing Director | 12 Mar 2018 | 8 yrs 8 mo | Eversource Capital Private Limited |
| Bahram Navroz Vakil DIN 00283980 | Director | 12 Jun 2019 | 7 yrs 5 mo | Eversource Capital Private Limited |
| Ranjan Mathai DIN 07572976 | Director | 13 Aug 2019 | 7 yrs 2 mo | Eversource Capital Private Limited |
| Rajesh Shashikant Mehta DIN 02564583 | Director | 25 Mar 2022 | 4 yrs 7 mo | Eversource Capital Private Limited |
| Nicholas Thomson Boyle DIN 11103148 | Director | 25 Sep 2025 | 1 yr 1 mo | Eversource Capital Private Limited |
People of EverSource Capital
5 people are tracked at EverSource Capital (5 in leadership); the tracked headcount is 26.
| Name | Role | Group |
|---|---|---|
| Managing Director & COO | Leadership | |
| Senior Managing Director & CIO | Leadership | |
Rupali Gupta | Managing Director | Leadership |
Anoop Poddar | Managing Director | Leadership |
| CEO | Leadership |
Complete people profiles for EverSource Capital
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of EverSource Capital
Figures of Eversource Capital Private Limited, the primary company behind EverSource Capital, for FY 2025. Revenue was ₹64.37 Cr (+21% year on year). Net loss was -₹19.9 Lakh (0% margin). EBITDA was ₹28.4 Lakh (0% margin). Revenue has grown at a compounded annual rate of -13% over three years and +22% over five years.
- ₹64.37 CrRevenue · FY 2025 · +21% YoY
- -₹19.9 LakhNet loss · 0% margin
- ₹28.4 LakhEBITDA · 0% margin
- ₹3.16 CrPaid-up capital
- 26Employees (provident fund records)
- -13%Revenue CAGR, 3 years
- +22%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eversource Capital Private Limited are on its company page.
Detailed financial statements for EverSource Capital
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Five-year trends
- Downloads
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Investments & Acquisitions by EverSource Capital
EverSource Capital has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include GreenCell Mobility, Lithium Urban Technologies and Origin Renewables.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of e-mobility solutions for commercial transport | greencellmobility.com | Mumbai, India | 2019 | Oct 2024 | $131M | |
Ride-hailing services are booked via an online platform for corporates. | project-lithium.com | Bengaluru, India | 2015 | Mar 2022 | $50M | |
Solar panels and products are installed in Mumbai. | originrenew.com | Mumbai, India | 2015 | Feb 2020 | •••• |
Complete acquisition details for EverSource Capital
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- Acquired stakes
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Timeline of EverSource Capital
5 dated milestones of EverSource Capital across 6 years, from founding to its latest funding, stage changes and deals.
- Founded EverSource Capital is founded.
- Acquisition Acquires Origin Renewables.
- Acquisition Acquires Lithium Urban Technologies.
- Funding First funding round.
- Acquisition Acquires GreenCell Mobility.
Web traffic of EverSource Capital
The website of EverSource Capital (eversourcecapital.com) receives about 2.4K visits a month.
- Monthly visits2.4K
▲ 66.6% vs previous month
Websites whose visitors overlap most with EverSource Capital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
globalrenewablenews.com | globalrenewablenews.com | 100% | #3,176,586 | – | |
newbostonnh.gov | newbostonnh.gov | 93% | #2,541,022 | – | |
| sherbornma.org | 93% | 6K | #3,307,420 | View details | |
trumbulltimes.com | trumbulltimes.com | 89% | #3,021,688 | – | |
| piclo.energy | 82% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for EverSource Capital
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- 11 similar websites
- Audience overlap
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Verified entity values are shown only after access is granted.
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Related news about Eversource Capital
Complete news archive for EverSource Capital
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Frequently Asked Questions about EverSource Capital
EverSource Capital was founded in 2018 and raised its 1st funding round 6 years after it was founded.
EverSource Capital is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Dhanpal Jhaveri is the CEO of EverSource Capital, as recorded in our data.
EverSource Capital has 26 employees.
The primary company behind EverSource Capital, Eversource Capital Private Limited, reported revenue of ₹64.37 Cr for FY 2025, up 21% year on year.
EverSource Capital was established in 2018 as a joint venture between Everstone Capital and Lightsource BP. Based in Mumbai, India, the firm is focused on infrastructure sectors, including social infrastructure and energy. Investments are directed toward these areas, with management services provided for assets. Operations are centered in India, supported by a leadership team comprising a CEO and several managing directors.
EverSource Capital offers Renewable Energy Investments and Electric Mobility Solutions.
EverSource Capital has made 3 acquisitions, including GreenCell Mobility, Lithium Urban Technologies, and Origin Renewables.
EverSource Capital has 1 investor. Key investors include FMO.
EverSource Capital operates through Eversource Capital Private Limited.
The legal entities of EverSource Capital currently have 5 directors, including Bahram Navroz Vakil, Ranjan Mathai, Dhanpal Arvind Jhaveri and others.