About MYSUN
MYSUN is an Energy & Utilities company based in Noida (India) founded in 2016 by Ashit Maru, Gyan Prakash Tiwari, and Gagan Vermani. Solar installation matching and customer services are provided to users. MYSUN has raised $9.37 million across 4 funding rounds from investors including Tata Capital, SunBorne Energy and Hemant Taneja. The company has 58 employees. MYSUN was last valued at $5.95 million in July 2016. Its chief executive, as recorded, is Gagan Vermani. Its website itsmysun.com draws about 31 thousand monthly visits. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Full-end Services. Its competitors include SolarSquare, ZunRoof and Oorjan; 3 of its 3 listed competitors have raised funding.
Company details
MYSUN was founded in 2016 in Noida, India, within the solar energy sector. Assistance is offered to users in assessing solar needs, conducting site checks, and obtaining pre-screened quotes from qualified installers. Drone-based 3D rooftop mapping and shadow analysis are utilized for generation profiling. Consumer energy patterns are tracked, and demand forecasting is performed to support operations.
- Headquarters Noida, India
- Employees 58
- Founders Ashit Maru, Gyan Prakash Tiwari, Gagan Vermani
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website itsmysun.com
- Social LinkedIn X Facebook
- Annual Revenue$2.49 M (USD)17as on Mar 31, 2024
- Net Profit-$58.01 K (USD)78as on Mar 31, 2024
- EBITDA-$71.15 K (USD)76as on Mar 31, 2024
- Total Equity Funding$9.37M (USD)
in 4 rounds
- Latest Funding Round$2.67M (USD), Debt – Conventional
Jul 2021
- InvestorsTata Capital
& 2 more
- Employee Count58
Associated legal entities of MYSUN
MYSUN is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Elp Solar One Private Limited CIN U40100DL2019PTC356739 | Active | 25 Oct 2019 | Delhi, Delhi | ₹1.3 Cr | 29 | 2 | View details |
| Eastern Light And Power Private Limited CIN U74140DL2015PTC285635 | Active | 23 Sep 2015 | Delhi, Delhi | ₹20.7 Cr | 32 | 4 | View details |
Funding Insights of MYSUN
MYSUN has successfully raised a total of $9.37M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.67 million completed in July 2021. 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 $9.37M
- Total Rounds 4
- Last Round Debt – Conventional — $2.67M
- First Round $2.47M
(Jul 2016)
- Investors Count 3
All 4 funding rounds of MYSUN 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 |
|---|---|---|---|---|---|
| Jul 2021 | $2.67M | Debt – Conventional | – | – | |
| Apr 2020 | $4.24M | Seed | – | – | – |
| Oct 2016 | $2.66M | Angel Round | – | Hemant Taneja | – |
| Jul 2016 | $2.47M | Seed | $5.95M | SunBorne Energy | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2016 | $5.95M | •••••••• |
Last known valuation $5.95M (Jul 2016). 3 investors in total: 2 institutional and 1 angel.
Investors in MYSUN
MYSUN has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Tata Capital, SunBorne Energy and Hemant Taneja.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified non-banking financial services are provided by Tata Capital. | 2007 | tatacapital.com | Mumbai, India | |
Produces solar PV and thermal energy solutions in India. | 2008 | sunborneenergy.com | Gurugram, India | |
HT Hemant Taneja | Venture capitalist at General Catalyst, angel investor, and author | unknown_bd59ebd220cf46c0b |
Investor details for MYSUN
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Board of directors of MYSUN
The boards of the 2 registered companies of MYSUN currently have 3 directors; the longest-serving is Gagan Vermani, appointed in 2015. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gagan Vermani DIN 05177769 | Director | 23 Sep 2015 | 11 yrs 1 mo | Eastern Light And Power Private Limited, Elp Solar One Private Limited |
| Deeksha Anand DIN 08630961 | Director | 04 Mar 2022 | 4 yrs 7 mo | Eastern Light And Power Private Limited |
| Kumar Mausam DIN 07281674 | Director | 10 Jun 2024 | 2 yrs 4 mo | Eastern Light And Power Private Limited, Elp Solar One Private Limited |
People of MYSUN
3 people are tracked at MYSUN (3 in leadership); the tracked headcount is 58.
| Name | Role | Group |
|---|---|---|
Ashit Maru | Co-Founder | Leadership |
Gyan Prakash Tiwari | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for MYSUN
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Financials of MYSUN
Figures of Eastern Light And Power Private Limited, the primary company behind MYSUN, for FY 2024. Revenue was ₹20.65 Cr (+15% year on year). Net loss was -₹80.2 Lakh (-4% margin). EBITDA was ₹33.4 Lakh (2% margin). Revenue has grown at a compounded annual rate of +90% over three years and +4% over five years.
- ₹20.65 CrRevenue · FY 2024 · +15% YoY
- -₹80.2 LakhNet loss · -4% margin
- ₹33.4 LakhEBITDA · 2% margin
- ₹10 LakhPaid-up capital
- 32Employees (provident fund records)
- +90%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Eastern Light And Power Private Limited are on its company page.
Detailed financial statements for MYSUN
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Timeline of MYSUN
4 dated milestones of MYSUN across 5 years, from founding to its latest funding, stage changes and deals.
- Founded MYSUN is founded.
- Funding First funding round of $2.5M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Debt – Conventional, of $2.7M.
Competitors of MYSUN
MYSUN has 3 listed competitors in our database, 3 of them funded. They include SolarSquare, ZunRoof and Oorjan.
| 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 | |
| oorjan.com | 2014 | Mumbai, India | $655,037 | 85 | Solar project financing and development |
Detailed competitors of MYSUN
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Web traffic of MYSUN
The website of MYSUN (itsmysun.com) receives about 31.1K visits a month.
- Monthly visits31.1K
▲ 21.8% vs previous month
Websites whose visitors overlap most with MYSUN. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
shop.waaree.com | shop.waaree.com | 100% | #200,753 | – | |
| orbenergy.com | 100% | 6.9K | #2,988,873 | View details | |
| goldisolar.com | 100% | 27.7K | #1,184,466 | View details | |
| vikramsolar.com | 97% | 37.9K | View details | ||
| freyrenergy.com | 95% | 65.2K | #570,688 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MYSUN
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as MYSUN (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 Mysun
Complete news archive for MYSUN
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Frequently Asked Questions about MYSUN
MYSUN was founded in 2016.
MYSUN is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Gagan Vermani is the CEO of MYSUN, as recorded in our data. They have also founded this company.
MYSUN is a funded company, having raised a total of $9.37M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.47M, raised on Jul 2016.
MYSUN has 58 employees.
Annual revenue of MYSUN is $2.49M as on Mar 31, 2024.
MYSUN was founded in 2016 in Noida, India, within the solar energy sector. Assistance is offered to users in assessing solar needs, conducting site checks, and obtaining pre-screened quotes from qualified installers. Drone-based 3D rooftop mapping and shadow analysis are utilized for generation profiling. Consumer energy patterns are tracked, and demand forecasting is performed to support operations.
MYSUN's top competitors include SolarSquare, Oorjan and ZunRoof.
MYSUN has 3 investors. Key investors include Tata Capital, SunBorne Energy, and Hemant Taneja.
The valuation of MYSUN is $5.95M as of Jul 2016.
MYSUN is associated with 2 legal entities: Eastern Light And Power Private Limited, Elp Solar One Private Limited.
The legal entities of MYSUN currently have 4 directors, including Deeksha Anand, Kumar Mausam, Amit Johri and others.