Nessa

Ahmedabad, India Founded: 2008 • Age: 18 yrs Minicorn
Offers solar consumer goods
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About Nessa

Nessa is an Energy & Utilities company based in Ahmedabad (India) founded in 2008. It offers solar consumer goods. Nessa has raised $95.28 thousand across 1 funding round from investors including Raghunandan Gangappa, Madhvi Sheth and Tejas Shah. The company has 65 employees. Nessa was last valued at $5.57 million in May 2018. Its Indian entity Nessa Illumination Technologies Private Limited reported revenue of ₹36.51 Cr. Its focus areas include Energy, Solar Energy, Solar Products and Multi-Products. Its competitors include Borosil Renewables, Servoteh and SuKam Solar; 1 of its 3 listed competitors has raised funding.

Company details

Nessa Illumination Technologies was founded in 2008 in Ahmedabad, India, within the renewable energy sector. A selection of solar-powered items is provided, including LED street lights from 8W to 80W, lanterns, tube lights, garden lights, industrial options, and outdoor fixtures. Installation is facilitated through a Pay-as-you-earn model to support consumer adoption in the region.

Operational Areas
Energy & Utilities → Renewable & Sustainable Energy
Key Metrics
  • Annual Revenue
    ₹36.51 Cr

    FY 2025 · +33% YoY

  • Net Profit
    ₹1.69 Cr

    FY 2025 · 5% margin

  • EBITDA
    ₹2.86 Cr

    FY 2025 · 8% margin

  • Total Equity Funding
    $95.28K (USD)

    in 1 rounds

  • Latest Funding Round
    $95.28K (USD), Angel Round

    May 2018

  • Employee Count
    65

Funding Insights of Nessa

Nessa has successfully raised a total of $95.28K through 1 strategic funding round. The most recent funding activity was a Angel Round of $95.28 thousand completed in May 2018. 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 $95,277
  • Total Rounds 1
  • Last Round Angel Round — $95,277
  • First Round $95,277

    (May 2018)

  • Investors Count 4

All 1 funding rounds of Nessa with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
May 2018$95,277Angel Round$5.57MRaghunandan Gangappa
Madhvi Sheth, Tejas Shah
Valuation history
DateValuationStage
May 2018$5.57M••••••••

Last known valuation $5.57M (May 2018). 4 investors in total: 0 institutional and 4 angel.

Investors in Nessa

Nessa has secured backing from 4 investors, including angel investors. Prominent investors backing the company include Raghunandan Gangappa, Madhvi Sheth and Tejas Shah.

All
Angel
InvestorDescriptionFounded YearDomainLocation

Raghunandan Gangappa

Co-founder of Zolve, ex-TaxiForSure, prominent angel investor in Indian startups
unknown_f0728a9e9a5340c68

Madhvi Sheth

unknown_5862f532d01c4ec7b

Tejas Shah

unknown_b6e9a6d02555485d9

Madhvi Sheth

unknown_17a2aaefa1dc44289
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Investor details for Nessa

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

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Verified entity values are shown only after access is granted.

Board of directors of Nessa Illumination Technologies Private Limited (Nessa)

Nessa Illumination Technologies Private Limited is the primary company behind Nessa. The board of Nessa Illumination Technologies Private Limited currently have 2 directors; the longest-serving is Dhaval Hasmukhlal Shah, appointed in 2023. 5 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Dhaval Hasmukhlal Shah
DIN 03598439
Director05 Sep 20233 yrs 2 moNessa Illumination Technologies Private Limited
Hasmukh Dhansukhlal Shah
DIN 10420643
Director19 Dec 20232 yrs 10 moNessa Illumination Technologies Private Limited

Financials of Nessa

Figures of Nessa Illumination Technologies Private Limited, the primary company behind Nessa, for FY 2025. Revenue was ₹36.51 Cr (+33% year on year). Net profit was ₹1.69 Cr (5% margin). EBITDA was ₹2.86 Cr (8% margin). Revenue has grown at a compounded annual rate of +13% over three years and +7% over five years.

  • ₹36.51 CrRevenue · FY 2025 · +33% YoY
  • ₹1.69 CrNet profit · 5% margin
  • ₹2.86 CrEBITDA · 8% margin
  • ₹30.5 LakhPaid-up capital
  • 65Employees (provident fund records)
  • +13%Revenue CAGR, 3 years
  • +7%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Nessa Illumination Technologies Private Limited are on its company page.

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Detailed financial statements for Nessa

Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.

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Timeline of Nessa

3 dated milestones of Nessa across 10 years, from founding to its latest funding, stage changes and deals.

  1. Founded Nessa is founded.
  2. Funding First funding round of $95K.
  3. Milestone Reaches Minicorn status.

Competitors of Nessa

Nessa has 3 listed competitors in our database, 1 of them funded. They include Borosil Renewables, Servoteh and SuKam Solar.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Borosil Renewables
borosilrenewables.com1962Mumbai, India762
Solar glass is manufactured by Borosil Renewables for photovoltaic applications.
Servoteh
servotech.in2004Delhi, India178
Manufacturer of EV chargers, solar inverters, solar panels, batteries, servo stabilizers, UPS, and LEDs
SuKam Solar
sukam-solar.com1998Gurugram, India$10.08M97
Provider of range of products and services, including solar panels, inverters, and LED street lights for homes and industries
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Detailed competitors of Nessa

The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.

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Web traffic of Nessa

The website of Nessa (nessa.in) receives about 2.3K visits a month.

  • Monthly visits
    2.3K

    ▲ 39.5% vs previous month

Similar websites

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

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Sigma Search Lights
sigma-lights.co.in
100%
#4,350,689View details
pyrotechelectronics.in
pyrotechelectronics.in
80%
–
systellar.in
systellar.in
77%
#7,867,477–
Stanjo
stanjo.in
73%
1.4K#10,458,601View details

Top companies in Renewable & Sustainable Energy

3 companies that operate in the same segment as Nessa (Renewable & Sustainable Energy) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Husk Power Systems
Hybrid renewable energy solutions are provided for rural communities.
2008Patna, Bihar, IndiaUSD 73.99 MUSD 3.46 M294
CleanMax
Solar energy projects are developed for commercial and industrial clients.
2011Mumbai, Maharashtra, IndiaUSD 442.67 MUSD 166.51 M365
Waaree Energies
Manufacturer of solar PV modules
1990Mumbai, Maharashtra, IndiaUSD 111.38 MUSD 2.77 B8,690
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Related news about Nessa

Nessa Illumination Technologies Pvt Ltd Launched Smart Light and Hybrid Solar High Mast at REI Expo 2024
Aninews • 2 years ago
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Complete news archive for Nessa

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Frequently Asked Questions about Nessa

Nessa was founded in 2008 and raised its 1st funding round 10 years after it was founded.

Nessa is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.

Nessa is a funded company, having raised a total of $95.28K across 1 funding round to date. The company's 1st funding round was a Angel Round of $95.28K, raised on May 2018.

Nessa has 65 employees.

The primary company behind Nessa, Nessa Illumination Technologies Private Limited, reported revenue of ₹36.51 Cr for FY 2025, up 33% year on year.

Nessa Illumination Technologies was founded in 2008 in Ahmedabad, India, within the renewable energy sector. A selection of solar-powered items is provided, including LED street lights from 8W to 80W, lanterns, tube lights, garden lights, industrial options, and outdoor fixtures. Installation is facilitated through a Pay-as-you-earn model to support consumer adoption in the region.

Nessa's top competitors include Servoteh, Borosil Renewables and SuKam Solar.

Nessa has 4 investors. Key investors include Raghunandan Gangappa, Madhvi Sheth, Tejas Shah, and Madhvi Sheth.

The valuation of Nessa is $5.57M as of May 2018.

Nessa operates through Nessa Illumination Technologies Private Limited.

The legal entities of Nessa currently have 2 directors, including Hasmukh Dhansukhlal Shah, Dhaval Hasmukhlal Shah.

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