About GREW
GREW is an Energy & Utilities company based in Ahmedabad (India) founded in 2022. Provider of a range of solar products and services. GREW has raised $4.22 million across 2 funding rounds from investors including Vishal Fabrics, Chiripal Group and NOVA Dynamic Media. GREW was last valued at $11.27 million in April 2023. Its chief executive, as recorded, is Vinay Thadani. Its Indian entity Grew Energy Private Limited reported revenue of ₹1,430 Cr. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its competitors include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten; 2 of its 3 listed competitors have raised funding.
Company details
GREW was founded in 2022 and is based in Ahmedabad, India. Solar energy solutions are offered by the company, including rooftop and ground-mounted installations for homes and businesses. Cutting-edge technology is utilized in these services, which cover a full spectrum from products to complete setups. Operations focus on the renewable energy sector within the Indian market.
- Annual Revenue₹1,430 Cr
FY 2025 · +605% YoY
- Net Profit₹80.18 Cr
FY 2025 · 6% margin
- EBITDA₹207 Cr
FY 2025 · 15% margin
- Total Equity Funding$4.22M (USD)
in 2 rounds
- Latest Funding Round$3.46M (USD), Series A
Apr 2023
- InvestorsVishal Fabrics
& 3 more
Associated legal entities of GREW
GREW operates through Grew Energy 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 |
|---|---|---|---|---|---|---|---|
| Grew Energy Private Limited CIN U40108GJ2022PTC129655 | Active | 25 Feb 2022 | Ahmedabad, Gujarat | ₹1,430 Cr | 9 | 4 | View details |
Funding Insights of GREW
GREW has successfully raised a total of $4.22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.46 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 $4.22M
- Total Rounds 2
- Last Round Series A — $3.46M
- First Round $753,191
(Jan 2023)
- Investors Count 4
All 2 funding rounds of GREW 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 | $3.46M | Series A | $11.27M | Chiripal Group | |
| Jan 2023 | $753,191 | Seed | $2.37M | Vishal Fabrics, Dholispintex | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2023 | $11.27M | •••••••• |
| Jan 2023 | $2.37M | •••••••• |
Last known valuation $11.27M (Apr 2023). 4 investors in total: 4 institutional.
Investors in GREW
GREW has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Vishal Fabrics, Chiripal Group and NOVA Dynamic Media.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple industries are operated by the diversified Chiripal Group. | 1972 | chiripalgroup.com | Ahmedabad, India | |
Limited information is provided about NOVA Dynamic Media. | novaweblive.com | |||
Denim fabrics are manufactured under contract in India. | 1985 | vishalfabricsltd.com | Ahmedabad, India | |
Investor details for GREW
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Grew Energy Private Limited (GREW)
Grew Energy Private Limited is the primary company behind GREW. The board of Grew Energy Private Limited currently have 3 directors; the longest-serving is Vinay Thadani, appointed in 2022.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinay Thadani DIN 09516173 | Whole-time director | 25 Feb 2022 | 4 yrs 8 mo | Grew Energy Private Limited |
| Brijmohan Devkinandan Chiripal DIN 00290426 | Director | 25 Feb 2022 | 4 yrs 8 mo | Grew Energy Private Limited |
| Sankar Ray DIN 07922510 | Director | 03 Feb 2023 | 3 yrs 9 mo | Grew Energy Private Limited |
People of GREW
1 people are tracked at GREW (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO & Director | Leadership |
Complete people profiles for GREW
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of GREW
Figures of Grew Energy Private Limited, the primary company behind GREW, for FY 2025. Revenue was ₹1,430 Cr (+605% year on year). Net profit was ₹80.18 Cr (6% margin). EBITDA was ₹207 Cr (15% margin).
- ₹1,430 CrRevenue · FY 2025 · +605% YoY
- ₹80.18 CrNet profit · 6% margin
- ₹207 CrEBITDA · 15% margin
- ₹23.28 CrPaid-up capital
- 9Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Grew Energy Private Limited are on its company page.
Detailed financial statements for GREW
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Timeline of GREW
4 dated milestones of GREW across 1 years, from founding to its latest funding, stage changes and deals.
- Founded GREW is founded.
- Funding First funding round of $753K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $3.5M.
Competitors of GREW
GREW has 3 listed competitors in our database, 2 of them funded. They include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| mahindrasusten.com | 2010 | Mumbai, India | 180 | Turnkey EPC services for solar power plants are provided. |
Detailed competitors of GREW
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as GREW (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 Grew
Complete news archive for GREW
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Frequently Asked Questions about GREW
GREW was founded in 2022 and raised its 1st funding round 1 year after it was founded.
GREW is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Vinay Thadani is the CEO of GREW, as recorded in our data.
GREW is a funded company, having raised a total of $4.22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $753.19K, raised on Jan 2023.
The primary company behind GREW, Grew Energy Private Limited, reported revenue of ₹1,430 Cr for FY 2025, up 605% year on year.
GREW was founded in 2022 and is based in Ahmedabad, India. Solar energy solutions are offered by the company, including rooftop and ground-mounted installations for homes and businesses. Cutting-edge technology is utilized in these services, which cover a full spectrum from products to complete setups. Operations focus on the renewable energy sector within the Indian market.
GREW's top competitors include Fourth Partner Energy, Mahindra Susten and Sterling And Wilson.
GREW has 4 investors. Key investors include Vishal Fabrics, Chiripal Group, NOVA Dynamic Media, and Dholispintex.
The valuation of GREW is $11.27M as of Apr 2023.
GREW operates through Grew Energy Private Limited.
The legal entities of GREW currently have 4 directors, including Vinay Thadani, Brijmohan Devkinandan Chiripal, Sankar Ray and others.