About GGEL
GGEL is a company based in Raipur (India) founded in 2009 was acquired by Virescent Renewable Energy Trust in February 2022.. The company has 56 employees as of March 28, 2024. GGEL operates in a competitive market with competitors including Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, among others.
- Headquarter Raipur, India
- Employees 56 as on 28 Mar, 2024
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
- Legal Name Godawari Green Energy Private Limited
- Date of Incorporation 16 Jul, 2009
- Jurisdiction New Delhi, Delhi, India
-
Annual Revenue
$11.52 M (USD)-16.65as on Mar 31, 2023
-
Net Profit
$-1.31 M (USD)-176.76as on Mar 31, 2023
-
EBITDA
$8.6 M (USD)-22.14as on Mar 31, 2023
-
Latest Funding Round
- Investors
-
Employee Count
56
as on Mar 28, 2024
-
Acquired by
Virescent Renewable Energy Trust
(Feb 19, 2022)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of GGEL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in GGEL
GGEL has secured backing from 1 investor. Prominent investors backing the company include Virescent Renewable Energy Trust. 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 |
|---|---|---|---|---|
|
Solar energy projects are developed by Virescent Renewable Energy Trust.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by GGEL
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - GGEL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ggel Comparisons
Competitors of GGEL
GGEL 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 Lightsource BP, Freyr Energy, Fourth Partner Energy, Sterling And Wilson and Prozeal Green, 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 |
Solar energy projects are developed and operated by Lightsource BP.
|
|
| domain | founded_year | HQ Location |
Solar energy projects are developed for residential and commercial applications.
|
|
| domain | founded_year | HQ Location |
On-grid and off-grid solar solutions and products are provided.
|
|
| domain | founded_year | HQ Location |
EPC and MEP services are provided across diverse sectors.
|
|
| domain | founded_year | HQ Location |
Provider of solar EPC, IPP services, and battery energy storage systems
|
|
| domain | founded_year | HQ Location |
Provider of a range of solar products and services
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Ggel
Frequently Asked Questions about GGEL
When was GGEL founded?
GGEL was founded in 2009.
Where is GGEL located?
GGEL is headquartered in Raipur, India. It is registered at Raipur, Chhattisgarh, India.
How many employees does GGEL have?
As of Mar 28, 2024, the latest employee count at GGEL is 56.
What is the annual revenue of GGEL?
Annual revenue of GGEL is $11.52M as on Mar 31, 2023.
What does GGEL do?
GGEL was founded in 2009 and is headquartered in Raipur, India. Operations are centered in the renewable energy sector, where solar, wind, and geothermal power generation projects are developed. Services provided include project construction, ongoing operation, and maintenance. Focus is placed on harnessing renewable sources to support power generation activities in the region.
Who are the top competitors of GGEL?
GGEL's top competitors include Lightsource BP, Fourth Partner Energy and Freyr Energy.
Who are GGEL's investors?
GGEL has 1 investor. Key investors include Virescent Renewable Energy Trust.