IndiGrid

Delhi, India Founded: 2016 • Age: 10 yrs Listed
Power transmission lines, substations, and battery storage systems are operated.

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 β‚Ή57.64 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
  • Sectors
    Financial Services
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website indigrid.co.in
  • Social LinkedIn X
  • Legal Name Indigrid Infrastructure Trust
Key Metrics
  • 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

  • Investors
    KKR

    & 1 more

  • Investments & Acquisitions

Products & Services of IndiGrid

IndiGrid offers a comprehensive portfolio of products and services, including Transmission Services and Solar Projects.

Transmission Services
Infrastructure Management

Manages power transmission lines for reliable energy distribution

Solar Projects
Renewable Energy Services

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.

DateAmountTransaction NameValuationLead InvestorsInvestors
Jan 2026$163.15MPost-IPO––
–
Nov 2025$47.64MPost-IPO––
–
Dec 2023$80.33MPost-IPO––
–
Sep 2023$48.38MPost-IPO––
–
May 2019$368MPrivate Equity Round–KKR, GIC
–
Valuation history

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.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Multiple sectors are invested in by this private equity firm.
1976kkr.comNew York, United States
Sovereign wealth is managed and private equity investments are facilitated.
–gic.com.sgSingapore, Singapore
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Investor details for IndiGrid

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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.

DirectorDesignationAppointedTenureEntity
Tarun Kataria
DIN 00710096
Director29 Oct 20169 yrs 11 moIndigrid Investment Managers Limited
Ashok Sethi
DIN 01741911
Director20 Oct 20205 yrs 11 moIndigrid Investment Managers Limited
Jayashree Vaidhyanthan
DIN 07140297
Director30 Nov 20214 yrs 10 moIndigrid Investment Managers Limited
Hardik Bhadrik Shah
DIN 06648474
Director30 Nov 20214 yrs 10 moIndigrid Investment Managers Limited
Harsh Dinesh Shah
DIN 02496122
Managing Director10 Apr 20251 yr 6 moIndigrid Investment Managers Limited
Vaibhav Vaidya
DIN 10631897
Additional Director24 Jul 20251 yr 2 moIndigrid Investment Managers Limited

People of IndiGrid

31 people are tracked at IndiGrid (13 in leadership, 5 in board & advisors, 13 in team).

NameRoleGroup
CEOLeadership
Meghana Pandit
Chief Financial OfficerLeadership
Kundan Kishore
Vice President Human ResourcesLeadership
Aditya Kislay
Vice President And Project DirectorLeadership
Shubham Garg
Head - Investor Relations & Corporate CommunicationLeadership
Apoorv Darji
Head Solar Business UnitLeadership
Ramneek Teng
Head /vp Opex Asset Management Strategy,digitization,reliability And Sustainability(ehs ESG )-coeLeadership
Suman Sah
Project DirectorLeadership
Navin Sharma
Chief Financial OfficerLeadership
Ayush Goyal
Vice President - M&aLeadership
Ramil Gupta
General ManagerLeadership
Giriraj Ajmera
Head Of Corporate Finance & TreasuryLeadership
Sanil Namboodiripad
Chief Operating OfficerLeadership
Non-Executive DirectorBoard & advisors
Independent DirectorBoard & advisors
Ami Momaya
Non-Executive DirectorBoard & advisors
Jayashree Vaidhyanathan
Independent DirectorBoard & advisors
Independent DirectorBoard & advisors
Hansraj Gurjar
CCR Senior EngineerTeam
Anandkumar Vinayakam
Substation In Charge - ManagerTeam

11 more people are available in the full profile.

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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
Exchange-reported annual figures
YearRevenueNet incomeEBITDA
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.

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Detailed financial statements for IndiGrid

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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.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Solar renewable energy power projects are developed by the company.
renewsolarurja.tcc.modeJaisalmer, India2021Jan 2024β€’β€’β€’β€’
Solar energy projects are developed by Virescent Renewable Energy Trust.
virescent.co.inMumbai, India2020May 2023$482.83M
Renewable electricity is produced and distributed via transmission networks.
raichursholapurtransmission.tcc.modeMumbai, India2009Jul 2022$31.5M
Electricity transmission utility projects are developed in India.
enicl.co.inDelhi, India2007Jan 2020$142.98M
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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.

  1. Founded IndiGrid is founded.
  2. Funding First funding round of $368.0M.
  3. Acquisition Acquires East-North Interconnection.
  4. IPO Lists on the stock exchange (IPO).
  5. Acquisition Acquires Raichur Sholapur Transmission.
  6. Acquisition Acquires Virescent Renewable Energy Trust.
  7. Acquisition Acquires ReNew Solar Urja.
  8. 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 visits
    7.2K

    ▼ 17.2% vs previous month

Similar websites

Websites whose visitors overlap most with IndiGrid. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
irbinvit.co.in
100%
10.9K#2,436,251View details
finbox.com
finbox.com
80%
–#141,949–
crisil.com
80%
443.3K#125,844View details
pcaobus.org
48%
–#348,730View details
cserc.gov.in
24%
–#3,990,676View 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.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Alternative asset investment management firm
1997Los Angeles, California, United States–USD 6.2 B3,200
Engelhart is engaged in global commodities and renewable energy trading.
2013London, England, United KingdomUSD 500 MUSD 25.09 M52
Energy sector infrastructure investments are managed by the fund.
2011Nairobi, KenyaUSD 158 M––
Investments are focused on infrastructure sectors like energy and transport.
2012Miami, Florida, United States–USD 54.26 M31
Renewable energy infrastructure investments are managed by Generate Capital.
2014San Francisco, California, United States––156
Provider of gas production and distribution services
1862Hong Kong, China–USD 6.98 B2,170
Infrastructure fund focused on energy sectors
2005Melbourne, Victoria, AustraliaUSD 7.44 M––
Infrastructure fund investing across multiple sectors
1995London, England, United Kingdom––156
Infrastructure fund focused on power generation & transmission
1990New York, New York, United StatesUSD 900 M–309
Infrastructure investments are directed across transportation and logistics sectors.
1999Tokyo, Tokyo, Japan–USD 4.89 M71
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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 β‚Ή57.64 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 has 2 investors. Key investors include KKR, and GIC.

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.

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