About Mynergy
Mynergy is an Energy & Utilities company based in Jaipur (India) founded in 2016. Provider of solar financing solution. Its Indian entity Mynergy Renewables Private Limited reported revenue of ₹49.4 Lakh. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Financing. Its competitors include SolarSquare, ZunRoof and Metafin; 3 of its 3 listed competitors have raised funding.
Company details
Mynergy was founded in 2016 and is headquartered in Jaipur, India. Operations focus on the renewable energy sector, where solar financing solutions are delivered to facilitate installations and adoption. Services include tailored financial products for residential and commercial clients, supporting sustainable energy transitions. The company operates primarily within the Indian market, addressing funding needs for solar initiatives through its online platform at mynergy.co.
- Headquarters Jaipur, India
- SectorsEnergy & Utilities
- Email••••••••
- Website mynergy.co
- Social LinkedIn X
- Legal Name Mynergy Renewables Private Limited
- Date of Incorporation 01 Feb, 2016
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹49.4 Lakh
FY 2024
- Net Loss-₹6.3 Lakh
FY 2024 · -13% margin
- EBITDA-₹5.9 Lakh
FY 2024 · -12% margin
Associated legal entities of Mynergy
Mynergy operates through Mynergy Renewables Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mynergy Renewables Private Limited CIN U40104RJ2016PTC049202 | Active | 01 Feb 2016 | Jaipur, Rajasthan | ₹0.5 Cr | 2 | View details |
Board of directors of Mynergy Renewables Private Limited (Mynergy)
Mynergy Renewables Private Limited is the primary company behind Mynergy. The board of Mynergy Renewables Private Limited currently have 2 directors; the longest-serving is Bhaskar Deol, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhaskar Deol DIN 07399894 | Director | 01 Feb 2016 | 10 yrs 8 mo | Mynergy Renewables Private Limited |
| Pushpa Charan DIN 07966273 | Director | 12 Sep 2017 | 9 yrs 1 mo | Mynergy Renewables Private Limited |
Financials of Mynergy
Figures of Mynergy Renewables Private Limited, the primary company behind Mynergy, for FY 2024. Revenue was ₹49.4 Lakh. Net loss was -₹6.3 Lakh (-13% margin). EBITDA was -₹5.9 Lakh (-12% margin). Revenue has grown at a compounded annual rate of +171% over three years and +43% over five years.
- ₹49.4 LakhRevenue · FY 2024
- -₹6.3 LakhNet loss · -13% margin
- -₹5.9 LakhEBITDA · -12% margin
- ₹1 LakhPaid-up capital
- +171%Revenue CAGR, 3 years
- +43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mynergy Renewables Private Limited are on its company page.
Detailed financial statements for Mynergy
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- Financial ratios
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Competitors of Mynergy
Mynergy has 3 listed competitors in our database, 3 of them funded. They include SolarSquare, ZunRoof and Metafin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| solarsquare.in | 2015 | Mumbai, India | $61.07M | 1,463 | Provider of solar panel installation services | |
| zunroof.com | 2016 | Gurugram, India | $17.97M | 73 | Provider of solar panel installation and O&M services | |
| metafin.in | 2018 | Mumbai, India | $15.66M | 92 | Solar financing platform is offered for residential and retail customers. |
Detailed competitors of Mynergy
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- Operating metrics
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Mynergy (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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Frequently Asked Questions about Mynergy
Mynergy was founded in 2016.
Mynergy is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
The primary company behind Mynergy, Mynergy Renewables Private Limited, reported revenue of ₹49.4 Lakh for FY 2024.
Mynergy was founded in 2016 and is headquartered in Jaipur, India. Operations focus on the renewable energy sector, where solar financing solutions are delivered to facilitate installations and adoption. Services include tailored financial products for residential and commercial clients, supporting sustainable energy transitions. The company operates primarily within the Indian market, addressing funding needs for solar initiatives through its online platform at mynergy.co.
Mynergy's top competitors include SolarSquare, Metafin and ZunRoof.
Mynergy operates through Mynergy Renewables Private Limited.
The legal entities of Mynergy currently have 2 directors, including Pushpa Charan, Bhaskar Deol.