About Greenway Appliances
Greenway Appliances is an Energy & Utilities company based in Mumbai (India) founded in 2010 by Neha Juneja. Eco-friendly smart stoves are developed for rural consumers worldwide. Greenway Appliances has raised $2.57 million across 2 funding rounds from investors including Acumen, Vikram Gandhi and Pramod Bhasin. The company has 142 employees. Greenway Appliances was last valued at $11.17 million in December 2015. Its chief executive, as recorded, is Neha Juneja. Its Indian entity Greenway Grameen Infra Private Limited reported revenue of ₹68.09 Cr. Its focus areas include Energy, Solar Energy, Solar Products and Lighting. Its competitors include Boond, Lokozo and Hygrid Solar; 2 of its 3 listed competitors have raised funding.
Company details
Greenway Grameen aims to create BoP products for rural consumers that are low cost as well as pro-health and productivity and environmentally friendly. The companys flagship product the Greenway Smart Stove forms an ideal replacement for traditional mud stoves used by over 3 billion people worldwide, delivering 65 fuel savings and 70 smoke reduction. In May 2014, the organization was awarded the International Ashden Award. The company is a part of UnLtd India. Raises 2.5M from Acumen, Vikram Gandhi and Pramod Bhasin in Feb 2016
- Headquarters Mumbai, India
- Employees 142
- Founders Neha Juneja
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website greenwayappliances.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Greenway Grameen Infra Private Limited
- Date of Incorporation 02 Dec, 2010
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹68.09 Cr
FY 2025 · -44% YoY
- Net Profit₹11.98 Cr
FY 2025 · 18% margin
- EBITDA₹18.96 Cr
FY 2025 · 28% margin
- Total Equity Funding$2.57M (USD)
in 2 rounds
- Latest Funding Round$2.5M (USD), Series A
Dec 2015
- InvestorsAcumen
& 4 more
- Employee Count142
Associated legal entities of Greenway Appliances
Greenway Appliances operates through Greenway Grameen Infra 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 |
|---|---|---|---|---|---|---|---|
| Greenway Grameen Infra Private Limited CIN U70102MH2010PTC210549 | Active | 02 Dec 2010 | Navi Mumbai, Maharashtra | ₹68.1 Cr | 142 | 3 | View details |
Apps and channels of Greenway Appliances
its YouTube channel Greenway Appliances Channel has 4.76K subscribers and 20 videos.
Videos from Greenway Appliances
The most watched videos on Greenway Appliances's YouTube channel, Greenway Appliances Channel (4.76K subscribers). Click a video to play it here.
More on Greenway Appliances Channel.
Funding Insights of Greenway Appliances
Greenway Appliances has successfully raised a total of $2.57M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in December 2015. 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 $2.57M
- Total Rounds 2
- Last Round Series A — $2.5M
- First Round $65,682
(Oct 2013)
- Investors Count 5
All 2 funding rounds of Greenway Appliances 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 |
|---|---|---|---|---|---|
| Dec 2015 | $2.5M | Series A | $11.17M | Acumen | |
| Oct 2013 | $65,682 | Seed | $5.59M | CIIE, Sunder Hemrajani | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2015 | $11.17M | •••••••• |
| Oct 2013 | $5.59M | •••••••• |
Last known valuation $11.17M (Dec 2015). 5 investors in total: 2 institutional and 3 angel.
Investors in Greenway Appliances
Greenway Appliances has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Acumen, Vikram Gandhi and Pramod Bhasin.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | 2001 | acumen.org | New York, United States | |
Startup incubator | ciie.co | Ahmedabad, India | ||
VG Vikram Gandhi | Founder of VSG Capital, veteran banker, active angel investor in Indian startups | unknown_a14fdbbdb96f432b9 | ||
PB Pramod Bhasin | Founder of Genpact, angel investor, pioneer in Indian BPO industry | unknown_485315ec05974828a | ||
SH Sunder Hemrajani | unknown_ee7f01ead6cc44f2a |
Investor details for Greenway Appliances
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Board of directors of Greenway Grameen Infra Private Limited (Greenway Appliances)
Greenway Grameen Infra Private Limited is the primary company behind Greenway Appliances. The board of Greenway Grameen Infra Private Limited currently have 3 directors; the longest-serving is Mohammed Shoeb Kazi, appointed in 2018. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohammed Shoeb Kazi DIN 07938161 | Director | 05 Mar 2018 | 8 yrs 8 mo | Greenway Grameen Infra Private Limited |
| Ankit Mathur DIN 02058198 | Director | 20 Jan 2022 | 4 yrs 9 mo | Greenway Grameen Infra Private Limited |
| Saurabh Saraf DIN 10092498 | Whole-time director | 23 Aug 2025 | 1 yr 2 mo | Greenway Grameen Infra Private Limited |
People of Greenway Appliances
10 people are tracked at Greenway Appliances (6 in leadership, 4 in team); the tracked headcount is 142.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
sacchit Naik | COO | Leadership |
Rajeev Singh | Regional Sales Head | Leadership |
| Chief Operating Officer | Leadership | |
Shiji Pavithran | Chief Revenue Officer (CRO) | Leadership |
Sudipta Banerjee | Vice President Supply Chain | Leadership |
Paraag Sabhlok | Portfolio Manager | Team |
Salim Khan | Sales Officer | Team |
VEDIYAPPAN M | Sales offier | Team |
Ronak Bhavsar | Production Manager | Team |
Complete people profiles for Greenway Appliances
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Financials of Greenway Appliances
Figures of Greenway Grameen Infra Private Limited, the primary company behind Greenway Appliances, for FY 2025. Revenue was ₹68.09 Cr (-44% year on year). Net profit was ₹11.98 Cr (18% margin). EBITDA was ₹18.96 Cr (28% margin). Revenue has grown at a compounded annual rate of +12% over three years and +17% over five years.
- ₹68.09 CrRevenue · FY 2025 · -44% YoY
- ₹11.98 CrNet profit · 18% margin
- ₹18.96 CrEBITDA · 28% margin
- ₹1.2 LakhPaid-up capital
- 142Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- +17%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Greenway Grameen Infra Private Limited are on its company page.
Detailed financial statements for Greenway Appliances
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Greenway Appliances
4 dated milestones of Greenway Appliances across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Greenway Appliances is founded.
- Funding First funding round of $66K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $2.5M.
Competitors of Greenway Appliances
Greenway Appliances has 3 listed competitors in our database, 2 of them funded. They include Boond, Lokozo and Hygrid Solar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boond.net | 2010 | Delhi, India | $452,430 | 27 | Solar products are supplied to rural poor in Indian villages. | |
| lokozo.com | 2013 | Bengaluru, India | $119,201 | 34 | LED lighting, solar products, and waste management systems are manufactured. | |
| hygridsolar.com | 2014 | Delhi, India | 8 | Distributor and installer of solar products, panels, and systems for energy solutions. |
Detailed competitors of Greenway Appliances
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Verified entity values are shown only after access is granted.
Web traffic of Greenway Appliances
The website of Greenway Appliances (greenwayappliances.com) receives about 1.8K visits a month.
- Monthly visits1.8K
▼ 85.2% vs previous month
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Greenway Appliances (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 |
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Related news about Greenway Appliances
Complete news archive for Greenway Appliances
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Frequently Asked Questions about Greenway Appliances
Greenway Appliances was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Greenway Appliances is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Neha Juneja is the CEO of Greenway Appliances, as recorded in our data. They have also founded this company.
Greenway Appliances is a funded company, having raised a total of $2.57M across 2 funding rounds to date. The company's 1st funding round was a Seed of $65.68K, raised on Oct 2013.
Greenway Appliances has 142 employees.
The primary company behind Greenway Appliances, Greenway Grameen Infra Private Limited, reported revenue of ₹68.09 Cr for FY 2025, down 44% year on year.
Greenway Grameen aims to create BoP products for rural consumers that are low cost as well as pro-health and productivity and environmentally friendly. The companys flagship product the Greenway Smart Stove forms an ideal replacement for traditional mud stoves used by over 3 billion people worldwide, delivering 65 fuel savings and 70 smoke reduction. In May 2014, the organization was awarded the International Ashden Award. The company is a part of UnLtd India. Raises 2.5M from Acumen, Vikram Gandhi and Pramod Bhasin in Feb 2016.
Greenway Appliances's top competitors include Boond, Lokozo and Hygrid Solar.
The valuation of Greenway Appliances is $11.17M as of Dec 2015.
Greenway Appliances operates through Greenway Grameen Infra Private Limited.
The legal entities of Greenway Appliances currently have 3 directors, including Saurabh Saraf, Ankit Mathur, Mohammed Shoeb Kazi.