About Kanoda
Kanoda is a company based in Ahmedabad (India) founded in 2004 was acquired by Reliance Industries in December 2018. Kanoda has raised $68.61 thousand across 1 funding round from investors including Reliance Industries, Jitendra Shah and Dilip Shah. The company has 26 employees as of April 09, 2024. Kanoda offers products and services including Distributed Solar, Microgrids, Smart Transportation, and Remote Metering. Kanoda operates in a competitive market with competitors including Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
- Headquarter Ahmedabad, India
- Employees 26 as on 09 Apr, 2024
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Sectors
Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Kanoda Energy Systems Private Limited
- Date of Incorporation 24 Aug, 2007
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$1.4 M (USD)16.04as on Mar 31, 2023
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Net Profit
$70.58 K (USD)603.63as on Mar 31, 2023
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EBITDA
$224.56 K (USD)-26.28as on Mar 31, 2023
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Total Equity Funding
$68.61 K (USD)
in 1 rounds
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Latest Funding Round
$68.61 K (USD), Angel Round
Sep 27, 2017
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Investors
Reliance Industries
& 3 more
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Employee Count
26
as on Apr 09, 2024
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Acquired by
Reliance Industries
(Dec 31, 2018)
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Products & Services of Kanoda
Kanoda offers a comprehensive portfolio of products and services, including Distributed Solar, Microgrids, Smart Transportation, and Remote Metering.
Provides installations for decentralized solar power generation
Manages interconnected energy sources for local control
Develops upgrades for efficient and less polluting systems
Enables remote tracking of energy usage and distribution
Funding Insights of Kanoda
Kanoda has successfully raised a total of $68.61K through 1 strategic funding round. The most recent funding activity was a Angel Round of $68.61 thousand completed in September 2017. 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.
Investors in Kanoda
Kanoda has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Reliance Industries, Jitendra Shah and Dilip Shah.
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Diversified conglomerate operating across multiple industries
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Jitendra Shah |
Angel investor and entrepreneur, focused on tech startups in India.
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Dilip Shah |
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Investor details for Kanoda
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Investments & Acquisitions by Kanoda
Investment portfolio details for Kanoda
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Financial Statements - Kanoda
Detailed financials for Kanoda
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Kanoda Comparisons
Peer comparison for Kanoda
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Competitors of Kanoda
Kanoda operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fourth Partner Energy, Sterling And Wilson, GREW, Mahindra Susten and Roofsol Energy, among others.
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On-grid and off-grid solar solutions and products are provided.
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EPC and MEP services are provided across diverse sectors.
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Provider of a range of solar products and services
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Turnkey EPC services for solar power plants are provided.
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Provides solar plant installations, providing engineering, procurement, and construction services
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Solar large-scale projects are developed and installed by InSolare Energy.
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Detailed competitors of Kanoda
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Latest news on Kanoda
Complete news archive for Kanoda
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Frequently Asked Questions about Kanoda
Kanoda was founded in 2004 and raised its 1st funding round 13 years after it was founded.
Kanoda is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Kinjal Jani is the current CEO of Kanoda.
Kanoda is a funded company, having raised a total of $68.61K across 1 funding round to date.
As of Apr 09, 2024, the latest employee count at Kanoda is 26.
Annual revenue of Kanoda is $1.4M as on Mar 31, 2023.
Kanoda Energy System was established in 2004 in Ahmedabad, India, focusing on the solar energy sector. Turnkey solutions are delivered, encompassing rooftop solar PV systems, project financing, advisory services, project management, and operations maintenance. Systems have been developed, including a 90kW installation for Swastik Oil Industries and a 30kW setup for the District Agricultural Office in Ahmedabad. Operations are centered in India.
Kanoda's top competitors include Fourth Partner Energy, GREW and Sukhbir Agro Energy.
Kanoda offers Distributed Solar, Microgrids, Smart Transportation, and Remote Metering.
Kanoda has 4 investors. Key investors include Reliance Industries, Jitendra Shah, Dilip Shah, and Tirth Shah.
The valuation of Kanoda is $136.96K as of Sep 2017.