
About IndiGrid
IndiGrid is a publicly listed company based in Delhi (India) founded in 2016. It operates as a power transmission lines, substations, and battery storage systems are operated. IndiGrid has raised $368 million across 5 funding rounds from investors including KKR and GIC. IndiGrid has completed 4 acquisitions, including East-North Interconnection, Raichur Sholapur Transmission and ReNew Solar Urja. Its chief executive is Harsh Shah. Its Indian entity Indigrid Investment Managers Limited reported revenue of βΉ57.64 Cr. IndiGrid offers products and services including Transmission Services and Solar Projects. Its focus areas include Investment Industry, Infrastructure Funds and Funds.
Company details
IndiGrid was founded in 2016 in Delhi, India, as an infrastructure investment trust centered on the power sector. Assets including power transmission lines and substations are managed, alongside battery energy storage systems. Operations support electricity distribution across the country, with a focus on infrastructure development in multiple energy-related areas. Investor returns are generated through these regulated assets.
- Headquarters Delhi, India
- Stage Public
- SectorsFinancial Services
- Emailβ’β’β’β’β’β’β’β’
- Website indigrid.co.in
- Social LinkedIn X
- Legal Name Indigrid Infrastructure Trust
- Annual Revenue₹57.64 Cr
FY 2025 · -32% YoY
- Net Profit₹16.72 Cr
FY 2025 · 29% margin
- EBITDA₹24.64 Cr
FY 2025 · 43% margin
- Total Equity Funding$368M (USD)
in 5 rounds
- Latest Funding Round$163.15M (USD), Post-IPO
Jan 2026
- InvestorsKKR
& 1 more
- Investments & AcquisitionsEast-North Interconnection
& 3 more
Associated legal entities of IndiGrid
IndiGrid operates through Indigrid Investment Managers 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 |
|---|---|---|---|---|---|---|---|
| Indigrid Investment Managers Limited CIN U28113MH2010PLC308857 | Active | 22 Apr 2010 | Mumbai, Maharashtra | ₹57.6 Cr | – | 8 | View details |
Products & Services of IndiGrid
IndiGrid offers a comprehensive portfolio of products and services, including Transmission Services and Solar Projects.
Manages power transmission lines for reliable energy distribution
Operates solar assets to generate clean energy
Funding Insights of IndiGrid
IndiGrid has successfully raised a total of $368M across 5 strategic funding rounds. The most recent funding activity was a Post-IPO round of $163.15 million completed in January 2026. 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 $368M
- Total Rounds 5
- Last Round Post-IPO β $163.15M
- First Round $368M
(May 2019)
- Investors Count 2
All 5 funding rounds of IndiGrid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in IndiGrid
IndiGrid has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include KKR and GIC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Sovereign wealth is managed and private equity investments are facilitated. | – | gic.com.sg | Singapore, Singapore |
Investor details for IndiGrid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Indigrid Investment Managers Limited (IndiGrid)
Indigrid Investment Managers Limited is the primary company behind IndiGrid. The board of Indigrid Investment Managers Limited currently have 6 directors; the longest-serving is Tarun Kataria, appointed in 2016. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Tarun Kataria DIN 00710096 | Director | 29 Oct 2016 | 9 yrs 11 mo | Indigrid Investment Managers Limited |
| Ashok Sethi DIN 01741911 | Director | 20 Oct 2020 | 5 yrs 11 mo | Indigrid Investment Managers Limited |
| Jayashree Vaidhyanthan DIN 07140297 | Director | 30 Nov 2021 | 4 yrs 10 mo | Indigrid Investment Managers Limited |
| Hardik Bhadrik Shah DIN 06648474 | Director | 30 Nov 2021 | 4 yrs 10 mo | Indigrid Investment Managers Limited |
| Harsh Dinesh Shah DIN 02496122 | Managing Director | 10 Apr 2025 | 1 yr 6 mo | Indigrid Investment Managers Limited |
| Vaibhav Vaidya DIN 10631897 | Additional Director | 24 Jul 2025 | 1 yr 2 mo | Indigrid Investment Managers Limited |
People of IndiGrid
31 people are tracked at IndiGrid (13 in leadership, 5 in board & advisors, 13 in team).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
Meghana Pandit | Chief Financial Officer | Leadership |
Kundan Kishore | Vice President Human Resources | Leadership |
Aditya Kislay | Vice President And Project Director | Leadership |
Shubham Garg | Head - Investor Relations & Corporate Communication | Leadership |
Apoorv Darji | Head Solar Business Unit | Leadership |
Ramneek Teng | Head /vp Opex Asset Management Strategy,digitization,reliability And Sustainability(ehs ESG )-coe | Leadership |
Suman Sah | Project Director | Leadership |
Navin Sharma | Chief Financial Officer | Leadership |
Ayush Goyal | Vice President - M&a | Leadership |
Ramil Gupta | General Manager | Leadership |
Giriraj Ajmera | Head Of Corporate Finance & Treasury | Leadership |
Sanil Namboodiripad | Chief Operating Officer | Leadership |
| Non-Executive Director | Board & advisors | |
| Independent Director | Board & advisors | |
Ami Momaya | Non-Executive Director | Board & advisors |
Jayashree Vaidhyanathan | Independent Director | Board & advisors |
| Independent Director | Board & advisors | |
Hansraj Gurjar | CCR Senior Engineer | Team |
Anandkumar Vinayakam | Substation In Charge - Manager | Team |
11 more people are available in the full profile.
Complete people profiles for IndiGrid
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IPO & Listings of IndiGrid
IndiGrid is a publicly listed company on the NSE with ticker symbol INDIGRID in India. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date10 May 2021
- Listed onNSE: INDIGRID
- Listed entityIndiGrid Infrastructure Trust
- ISININE219X23014
- Share price₹168.50 (-0.04% on the day) · 2026-10-14
- Market capitalisation₹16,067 Cr
- Price to earnings27.3
- EPS (diluted, trailing year)₹6.16
- Dividend yield9.58%
- Volume (last session)340,630
Financials of IndiGrid
Figures of Indigrid Investment Managers Limited, the primary company behind IndiGrid, for FY 2025. Revenue was ₹57.64 Cr (-32% year on year). Net profit was ₹16.72 Cr (29% margin). EBITDA was ₹24.64 Cr (43% margin). Revenue has grown at a compounded annual rate of +14% over three years and +23% over five years.
- ₹57.64 CrRevenue · FY 2025 · -32% YoY
- ₹16.72 CrNet profit · 29% margin
- ₹24.64 CrEBITDA · 43% margin
- ₹1.25 CrPaid-up capital
- +14%Revenue CAGR, 3 years
- +23%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹4,768 Cr | ₹394 Cr | ₹3,078 Cr |
| 2024 | ₹3,288 Cr | ₹398 Cr | ₹2,893 Cr |
| 2023 | ₹2,864 Cr | ₹285 Cr | ₹2,440 Cr |
| 2022 | ₹2,332 Cr | ₹456 Cr | ₹2,091 Cr |
| 2021 | ₹2,222 Cr | ₹348 Cr | ₹2,011 Cr |
Balance sheet, profit and loss, cash flow and ratios of Indigrid Investment Managers Limited are on its company page.
Detailed financial statements for IndiGrid
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by IndiGrid
IndiGrid has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include East-North Interconnection, Raichur Sholapur Transmission and ReNew Solar Urja.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar renewable energy power projects are developed by the company. | renewsolarurja.tcc.mode | Jaisalmer, India | 2021 | Jan 2024 | β’β’β’β’ | |
Solar energy projects are developed by Virescent Renewable Energy Trust. | virescent.co.in | Mumbai, India | 2020 | May 2023 | $482.83M | |
Renewable electricity is produced and distributed via transmission networks. | raichursholapurtransmission.tcc.mode | Mumbai, India | 2009 | Jul 2022 | $31.5M | |
Electricity transmission utility projects are developed in India. | enicl.co.in | Delhi, India | 2007 | Jan 2020 | $142.98M |
Complete acquisition details for IndiGrid
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Timeline of IndiGrid
8 dated milestones of IndiGrid across 10 years, from founding to its latest funding, stage changes and deals.
- Founded IndiGrid is founded.
- Funding First funding round of $368.0M.
- Acquisition Acquires East-North Interconnection.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Raichur Sholapur Transmission.
- Acquisition Acquires Virescent Renewable Energy Trust.
- Acquisition Acquires ReNew Solar Urja.
- Funding Latest funding round, Post-IPO, of $163.2M.
Web traffic of IndiGrid
The website of IndiGrid (indigrid.co.in) receives about 7.2K visits a month.
- Monthly visits7.2K
▼ 17.2% vs previous month
Websites whose visitors overlap most with IndiGrid. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| irbinvit.co.in | 100% | 10.9K | #2,436,251 | View details | |
finbox.com | finbox.com | 80% | – | #141,949 | β |
| crisil.com | 80% | 443.3K | #125,844 | View details | |
| pcaobus.org | 48% | – | #348,730 | View details | |
| cserc.gov.in | 24% | – | #3,990,676 | View details |
Top companies in Infrastructure Funds
10 companies that operate in the same segment as IndiGrid (Infrastructure Funds), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alternative asset investment management firm | 1997 | Los Angeles, California, United States | – | USD 6.2 B | 3,200 | |
Engelhart is engaged in global commodities and renewable energy trading. | 2013 | London, England, United Kingdom | USD 500 M | USD 25.09 M | 52 | |
Energy sector infrastructure investments are managed by the fund. | 2011 | Nairobi, Kenya | USD 158 M | – | – | |
Investments are focused on infrastructure sectors like energy and transport. | 2012 | Miami, Florida, United States | – | USD 54.26 M | 31 | |
Renewable energy infrastructure investments are managed by Generate Capital. | 2014 | San Francisco, California, United States | – | – | 156 | |
Provider of gas production and distribution services | 1862 | Hong Kong, China | – | USD 6.98 B | 2,170 | |
Infrastructure fund focused on energy sectors | 2005 | Melbourne, Victoria, Australia | USD 7.44 M | – | – | |
Infrastructure fund investing across multiple sectors | 1995 | London, England, United Kingdom | – | – | 156 | |
Infrastructure fund focused on power generation & transmission | 1990 | New York, New York, United States | USD 900 M | – | 309 | |
Infrastructure investments are directed across transportation and logistics sectors. | 1999 | Tokyo, Tokyo, Japan | – | USD 4.89 M | 71 |
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Related news about Indigrid
Complete news archive for IndiGrid
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Frequently Asked Questions about IndiGrid
IndiGrid was founded in 2016 and raised its 1st funding round 3 years after it was founded.
IndiGrid is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Harsh Shah is the current CEO of IndiGrid.
IndiGrid is a funded company, having raised a total of $368M across 5 funding rounds to date. The company's 1st funding round was a Private Equity Round of $368M, raised on May 2019.
The primary company behind IndiGrid, Indigrid Investment Managers Limited, reported revenue of βΉ57.64 Cr for FY 2025, down 32% year on year.
IndiGrid was founded in 2016 in Delhi, India, as an infrastructure investment trust centered on the power sector. Assets including power transmission lines and substations are managed, alongside battery energy storage systems. Operations support electricity distribution across the country, with a focus on infrastructure development in multiple energy-related areas. Investor returns are generated through these regulated assets.
IndiGrid offers Transmission Services and Solar Projects.
Yes, IndiGrid is publicly traded on NSE under the ticker symbol INDIGRID.
IndiGrid has made 4 acquisitions, including East-North Interconnection, Raichur Sholapur Transmission, and ReNew Solar Urja.
IndiGrid operates through Indigrid Investment Managers Limited.
The legal entities of IndiGrid currently have 8 directors, including Tarun Kataria, Jayashree Vaidhyanthan, Hardik Bhadrik Shah and others.
