About Onix Renewable
Onix Renewable is an Energy & Utilities company based in Rajkot (India) founded in 2007. Renewable energy solutions for solar and wind projects are provided. Onix Renewable has raised $71.86 million across 4 funding rounds from investors including Ebisu Global Opportunities Fund, Al Maha Investment Fund and Bengal Finance and Investment. Onix Renewable was last valued at $121.96 million in August 2024. Its website onixrenewable.com draws about 14 thousand monthly visits. Its Indian entity Onix Renewable Limited reported revenue of ₹326 Cr. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include Mytrah Energy, Greenko Group and Azure Power; 2 of its 3 listed competitors have raised funding.
Company details
Provider of renewable energy solutions focused on solar and wind energy projects, including both utility-scale and residential applications. It offers a range of products such as solar modules, vertical axis wind turbines, energy storage systems, powerwall, inverters, and BESS. The companys end-to-end services span project development, system design, land acquisition, grid analysis, procurement, construction, installation, commissioning, and operations maintenance.
- Headquarters Rajkot, India
- Stage Minicorn
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website onixrenewable.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Onix Renewable Limited
- Date of Incorporation 07 Oct, 2014
- Annual Revenue₹326 Cr
FY 2024 · +140% YoY
- Net Profit₹39.39 Cr
FY 2024 · 11% margin
- EBITDA₹58.35 Cr
FY 2024 · 17% margin
- Total Equity Funding$71.86M (USD)
in 4 rounds
- Latest Funding Round$8.83M (USD), Series B
Aug 2025
- InvestorsEbisu Global Opportunities Fund
& 63 more
Associated legal entities of Onix Renewable
Onix Renewable is associated with 2 registered companies on The Company Check; the primary company is Onix Renewable Limited. 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 |
|---|---|---|---|---|---|---|---|
| Onix Renewable Limited CIN U35105GJ2014PLC080979 | Active | 07 Oct 2014 | Metoda, Gujarat | ₹326 Cr | 1,385 | 3 | View details |
| Onix Renewable Limited CIN U31501GJ2014PLC080979 | Active | 07 Oct 2014 | Rajkot, Gujarat, India | $42.5M | View details |
Apps and channels of Onix Renewable
its YouTube channel Onix Renewable has 1.37K subscribers and 30 videos.
Videos from Onix Renewable
The most watched videos on Onix Renewable's YouTube channel, Onix Renewable (1.37K subscribers). Click a video to play it here.
More on Onix Renewable.
Funding Insights of Onix Renewable
Onix Renewable has successfully raised a total of $71.86M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.83 million completed in August 2025. 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 $71.86M
- Total Rounds 4
- Last Round Series B — $8.83M
- First Round $4.91M
(Mar 2024)
- Investors Count 64
All 4 funding rounds of Onix Renewable 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 |
|---|---|---|---|---|---|
| Aug 2025 | $8.83M | Series B | – | – | – |
| Jan 2025 | $24.73M | Series A | – | Ebisu Global Opportunities Fund | |
| Aug 2024 | $33.4M | Series B | $121.96M | Kurjibhai Premjibhai Rupareliya | |
| Mar 2024 | $4.91M | Series A | $68.18M | Arixcapital |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2024 | $121.96M | •••••••• |
| Mar 2024 | $68.18M | •••••••• |
Last known valuation $121.96M (Aug 2024). 64 investors in total: 12 institutional and 52 angel.
Investors in Onix Renewable
Onix Renewable has secured backing from 64 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Ebisu Global Opportunities Fund, Al Maha Investment Fund and Bengal Finance and Investment.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| almahainvestmentfund.tcc.mode | ||||
Private equity firm focused on multiple sectors | bengalfinanceandinvestment.tcc.mode | Mumbai, India | ||
| devanshtrademart.tcc.mode | ||||
Growth capital is provided to companies by Samedh Trinity Partners. | samedhtrinitypartners.tcc.mode | Mumbai, India | ||
| ebisuglobalopportunitiesfund.tcc.mode | ||||
| arixcapital.in | ||||
Diversified conglomerate specializing in equity investments, manufacturing, and upscale food services. | 2019 | viney.co.in | Delhi, India | |
| stockmineholdings.tcc.mode | ||||
| arohanaventures.tcc.mode | ||||
| incipiencedealers.tcc.mode |
Investor details for Onix Renewable
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Onix Renewable Limited (Onix Renewable)
Onix Renewable Limited is the primary company behind Onix Renewable. The board of Onix Renewable Limited currently have 3 directors; the longest-serving is Divyesh Mansukhbhai Savalia, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Divyesh Mansukhbhai Savalia DIN 06464431 | Director | 01 Dec 2022 | 3 yrs 10 mo | Onix Renewable Limited |
| Piyush Mansukhbhai Savalia DIN 06464445 | Additional Director | 01 Sep 2025 | 1 yr 1 mo | Onix Renewable Limited |
| Madhuri Divyesh Savaliya DIN 06464439 | Additional Director | 01 Dec 2025 | 10 mo | Onix Renewable Limited |
People of Onix Renewable
8 people are tracked at Onix Renewable (4 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Nikhil Savaliya | Managing Director | Leadership |
Piyush Patel | Chief Executive Officer | Leadership |
Ca Gopal Baldha | Group Finance Director | Leadership |
Khilan Savaliya | Vice President - Renewable Energy | Leadership |
Rinkal Kachhadiya | AGM | Team |
Maneesh Singh | Production Engineer | Team |
Lokesh Madala | Planning Manager | Team |
Prachi Patel Das | HR Manager | Team |
Complete people profiles for Onix Renewable
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Onix Renewable
Figures of Onix Renewable Limited, the primary company behind Onix Renewable, for FY 2024. Revenue was ₹326 Cr (+140% year on year). Net profit was ₹39.39 Cr (11% margin). EBITDA was ₹58.35 Cr (17% margin). Revenue has grown at a compounded annual rate of +75% over three years and +69% over five years.
- ₹326 CrRevenue · FY 2024 · +140% YoY
- ₹39.39 CrNet profit · 11% margin
- ₹58.35 CrEBITDA · 17% margin
- ₹109 CrPaid-up capital
- 1,385Employees (provident fund records)
- +75%Revenue CAGR, 3 years
- +69%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Onix Renewable Limited are on its company page.
Detailed financial statements for Onix Renewable
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Onix Renewable
4 dated milestones of Onix Renewable across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Onix Renewable is founded.
- Funding First funding round of $4.9M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $8.8M.
Competitors of Onix Renewable
Onix Renewable has 3 listed competitors in our database, 2 of them funded. They include Mytrah Energy, Greenko Group and Azure Power.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mytrah.com | 2009 | Hyderabad, India | 188 | Wind and solar power projects are developed, owned, and operated. | ||
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| azurepower.com | 2008 | Delhi, India | $174.06M | 902 | Provider of independent power producer in the utility scale renewable energy |
Detailed competitors of Onix Renewable
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Onix Renewable
The website of Onix Renewable (onixrenewable.com) receives about 14.4K visits a month.
- Monthly visits14.4K
▲ 21.6% vs previous month
Websites whose visitors overlap most with Onix Renewable. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| onixnet.com | 100% | 21.5K | #1,234,032 | View details | |
| mtinews.in | 97% | 680.7K | #5,028,522 | View details | |
projectexports.com | projectexports.com | 91% | #3,235,654 | – |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Onix Renewable (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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Onix Renewable
Complete news archive for Onix Renewable
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Onix Renewable
Onix Renewable was founded in 2007 and raised its 1st funding round 17 years after it was founded.
Onix Renewable is headquartered in Rajkot, India. It is registered at Rajkot, Gujarat, India.
Onix Renewable is a funded company, having raised a total of $71.86M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4.91M, raised on Mar 2024.
The primary company behind Onix Renewable, Onix Renewable Limited, reported revenue of ₹326 Cr for FY 2024, up 140% year on year.
Provider of renewable energy solutions focused on solar and wind energy projects, including both utility-scale and residential applications. It offers a range of products such as solar modules, vertical axis wind turbines, energy storage systems, powerwall, inverters, and BESS. The companys end-to-end services span project development, system design, land acquisition, grid analysis, procurement, construction, installation, commissioning, and operations maintenance.
Onix Renewable's top competitors include Azure Power, Greenko Group and Mytrah Energy.
Onix Renewable has 64 investors. Key investors include Ebisu Global Opportunities Fund, Al Maha Investment Fund, Bengal Finance and Investment, Century India Opportunity Fund, and Jaydeep Nitinbhai Karia.
The valuation of Onix Renewable is $121.96M as of Aug 2024.
Onix Renewable operates through Onix Renewable Limited.
The legal entities of Onix Renewable currently have 3 directors, including Divyesh Mansukhbhai Savalia, Piyush Mansukhbhai Savalia, Madhuri Divyesh Savaliya.