About INOX Renewables
INOX Renewables is an Energy & Utilities company based in Noida (India) founded in 2006. Wind power producing arm of the INOX Group. INOX Renewables has raised $130 million across 1 funding round from investors including International Finance Corporation. Its chief executive, as recorded, is Deepak Asher. Its Indian entity Inox Renewables Limited reported revenue of ₹11.09 Cr. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include Avaada Group, Greenko Group and Adani Green Energy; 2 of its 3 listed competitors have raised funding.
Company details
INOX Renewables was founded in 2006 and is based in Noida, India. Operations are focused on wind power production in the renewable energy sector, with more than 200 MW of assets currently operational, over 300 MW under construction, and a development pipeline surpassing 1000 MW. Wind resource assessment, land acquisition, infrastructure setup, turbine supply, and maintenance services are managed through sister company Inox Wind.
- Headquarters Noida, India
- SectorsEnergy & Utilities
- Website inoxrenewables.com
- Social LinkedIn
- Legal Name Inox Renewables Limited
- Date of Incorporation 11 Nov, 2010
- Jurisdiction Vadodara, Gujarat, India
- Annual Revenue₹11.09 Cr
FY 2020 · -52% YoY
- Net Loss-₹15.41 Cr
FY 2020 · -139% margin
- EBITDA₹2.01 Cr
FY 2020 · 18% margin
- Total Equity Funding$130M (USD)
in 1 rounds
- Latest Funding Round$130M (USD), Private Equity Round
Apr 2012
- Investors
Associated legal entities of INOX Renewables
INOX Renewables operates through Inox Renewables Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inox Renewables Limited CIN U40100GJ2010PLC062869 | Amalgamated | 11 Nov 2010 | Vadodara, Gujarat | ₹11.1 Cr | 7 | 6 | View details |
Funding Insights of INOX Renewables
INOX Renewables has successfully raised a total of $130M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $130 million completed in April 2012. 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 $130M
- Total Rounds 1
- Last Round Private Equity Round — $130M
- First Round $130M
(Apr 2012)
- Investors Count 1
All 1 funding rounds of INOX Renewables 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 2012 | $130M | Private Equity Round | – | – |
1 investors in total: 1 institutional.
Investors in INOX Renewables
INOX Renewables has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include International Finance Corporation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
IFC is focused on private sector development in emerging markets. | 1956 | ifc.org |
Investor details for INOX Renewables
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Board of directors of Inox Renewables Limited (INOX Renewables)
Inox Renewables Limited is the primary company behind INOX Renewables. The board of Inox Renewables Limited currently have 6 directors; the longest-serving is Vivek Kumar Jain, appointed in 2010. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Kumar Jain DIN 00029968 | Director | 11 Nov 2010 | 15 yrs 11 mo | Inox Renewables Limited |
| Pavan Kumar Jain DIN 00030098 | Director | 11 Nov 2010 | 15 yrs 11 mo | Inox Renewables Limited |
| Devansh Jain DIN 01819331 | Director | 19 May 2011 | 15 yrs 5 mo | Inox Renewables Limited |
| Bhupesh Kumar Juneja DIN 03526996 | Whole-time director | 19 May 2011 | 15 yrs 5 mo | Inox Renewables Limited |
| Shanti Prashad Jain DIN 00023379 | Director | 29 May 2014 | 12 yrs 5 mo | Inox Renewables Limited |
| Venkatanarayanan Sankaranarayanan DIN 01184654 | Director | 10 Aug 2016 | 10 yrs 2 mo | Inox Renewables Limited |
People of INOX Renewables
1 people are tracked at INOX Renewables (1 in leadership).
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for INOX Renewables
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Financials of INOX Renewables
Figures of Inox Renewables Limited, the primary company behind INOX Renewables, for FY 2020. Revenue was ₹11.09 Cr (-52% year on year). Net loss was -₹15.41 Cr (-139% margin). EBITDA was ₹2.01 Cr (18% margin). Revenue has grown at a compounded annual rate of -64% over three years and -44% over five years.
- ₹11.09 CrRevenue · FY 2020 · -52% YoY
- -₹15.41 CrNet loss · -139% margin
- ₹2.01 CrEBITDA · 18% margin
- ₹3.38 CrPaid-up capital
- 7Employees (provident fund records)
- -64%Revenue CAGR, 3 years
- -44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Inox Renewables Limited are on its company page.
Detailed financial statements for INOX Renewables
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of INOX Renewables
2 dated milestones of INOX Renewables across 6 years, from founding to its latest funding, stage changes and deals.
- Founded INOX Renewables is founded.
- Funding First funding round of $130.0M.
Competitors of INOX Renewables
INOX Renewables has 3 listed competitors in our database, 2 of them funded. They include Avaada Group, Greenko Group and Adani Green Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avaada.com | 2009 | Delhi, India | $879.45M | 2,935 | Renewable energy projects in solar, wind, and storage are developed. | |
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| adanigreenenergy.com | 2012 | Ahmedabad, India | 1,112 | Renewable energy power is produced independently by Adani Green Energy. |
Detailed competitors of INOX Renewables
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as INOX Renewables (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 Inox Renewables
Complete news archive for INOX Renewables
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Frequently Asked Questions about INOX Renewables
INOX Renewables was founded in 2006 and raised its 1st funding round 6 years after it was founded.
INOX Renewables is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Deepak Asher is the CEO of INOX Renewables, as recorded in our data.
INOX Renewables is a funded company, having raised a total of $130M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $130M, raised on Apr 2012.
The primary company behind INOX Renewables, Inox Renewables Limited, reported revenue of ₹11.09 Cr for FY 2020, down 52% year on year.
INOX Renewables was founded in 2006 and is based in Noida, India. Operations are focused on wind power production in the renewable energy sector, with more than 200 MW of assets currently operational, over 300 MW under construction, and a development pipeline surpassing 1000 MW. Wind resource assessment, land acquisition, infrastructure setup, turbine supply, and maintenance services are managed through sister company Inox Wind.
INOX Renewables's top competitors include Avaada Group, Adani Green Energy and Greenko Group.
INOX Renewables has 1 investor. Key investors include International Finance Corporation.
INOX Renewables operates through Inox Renewables Limited.
The legal entities of INOX Renewables currently have 6 directors, including Devansh Jain, Venkatanarayanan Sankaranarayanan, Shanti Prashad Jain and others.