About Orange Renewable
Orange Renewable is an Energy & Utilities company based in Delhi (India) founded in 2008, and was acquired by Greenko Group in May 2018. It develops and operates renewable energy projects. The company has 12 employees. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its competitors include Avaada Group, Greenko Group and Azure Power; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2008 and based in Delhi, India, Orange Renewable functions as a wholly-owned subsidiary of AT Holdings Pte Ltd in Singapore. Operations center on the renewable energy sector, where wind and solar projects are developed, constructed, and managed across multiple Indian states, including Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, and Rajasthan.
- Headquarters Delhi, India
- Employees 12
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website orangerenewable.net
- Social LinkedIn
- Acquired by Greenko Group (May 2018)
- Annual Revenue$114.34 M (USD)5as on Mar 31, 2024
- Net Profit-$11.5 M (USD)26as on Mar 31, 2024
- EBITDA$91.91 M (USD)1as on Mar 31, 2024
- InvestorsGreenko Group
& 1 more
- Employee Count12
- Acquired byGreenko Group
(May 2018)
Associated legal entities of Orange Renewable
Orange Renewable is associated with 4 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 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Orange Powergen Private Limited CIN U40107HR2010PTC040098 | Active | 17 Feb 2010 | Gurgaon, Haryana | ₹0.0 Cr | 2 | View details | |
| Orange Jagat Wind Power Private Limited CIN U40108DL2011PTC274907 | Strike Off | 04 May 2011 | New Delhi, Delhi | 2 | View details | ||
| Orange Kendra Wind Power Private Limited CIN U40102DL2011PTC275168 | Strike Off | 03 May 2011 | New Delhi, Delhi | 2 | View details | ||
| Greenko Renewable Power Private Limited CIN U40106TS2010PTC195812 | Active | 01 Oct 2010 | Hyderabad, Telangana | ₹946 Cr | 17 | 2 | View details |
Funding Insights of Orange Renewable
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Orange 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 |
|---|---|---|---|---|---|
| Jun 2012 | Series B | – | – |
2 investors in total: 2 institutional.
Investors in Orange Renewable
Orange Renewable has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Greenko Group and AT Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in multiple sectors are managed by AT Capital Group. | atcapital.com.sg | Singapore, Singapore | ||
Energy transition and decarbonization solutions are provided by Greenko Group. | 2006 | greenkogroup.com | Hyderabad, India |
Investor details for Orange Renewable
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Board of directors of Orange Renewable
The boards of the 4 registered companies of Orange Renewable currently have 6 directors; the longest-serving is Murali Subramanian, appointed in 2010. 34 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Murali Subramanian DIN 01795377 | Director | 17 Feb 2010 | 16 yrs 8 mo | Orange Powergen Private Limited |
| Ranjit Gupta DIN 00100872 | Director | 20 Jun 2017 | 9 yrs 4 mo | Orange Powergen Private Limited |
| Ankush Malik DIN 07978604 | Director | 23 Aug 2018 | 8 yrs 2 mo | Orange Kendra Wind Power Private Limited, Orange Jagat Wind Power Private Limited |
| Robin Batra DIN 07688793 | Director | 23 Aug 2018 | 8 yrs 2 mo | Orange Kendra Wind Power Private Limited, Orange Jagat Wind Power Private Limited |
| Jampana Venkata Satyadurgaprasada Raju DIN 07465899 | Director | 31 Mar 2023 | 3 yrs 7 mo | Greenko Renewable Power Private Limited |
| Pradeep Kumar Kalitkar DIN 10400973 | Director | 22 Nov 2023 | 2 yrs 11 mo | Greenko Renewable Power Private Limited |
Financials of Orange Renewable
Figures of Greenko Renewable Power Private Limited, the primary company behind Orange Renewable, for FY 2024. Revenue was ₹946 Cr (+5% year on year). Net loss was -₹95.23 Cr (-10% margin). EBITDA was ₹761 Cr (80% margin). Revenue has grown at a compounded annual rate of +2% over three years and +1% over five years.
- ₹946 CrRevenue · FY 2024 · +5% YoY
- -₹95.23 CrNet loss · -10% margin
- ₹761 CrEBITDA · 80% margin
- ₹9.25 CrPaid-up capital
- 17Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Greenko Renewable Power Private Limited are on its company page.
Detailed financial statements for Orange Renewable
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Orange Renewable
3 dated milestones of Orange Renewable across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Orange Renewable is founded.
- Funding First funding round.
- Exit Acquired by Greenko Group.
Competitors of Orange Renewable
Orange Renewable has 3 listed competitors in our database, 3 of them funded. They include Avaada Group, Greenko Group and Azure Power.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avaada.com | 2009 | Delhi, India | $879.45M | 2,935 | Renewable energy projects in solar, wind, and storage are developed. | |
| 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 Orange Renewable
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Orange 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 |
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Related news about Orange Renewable
Complete news archive for Orange Renewable
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Frequently Asked Questions about Orange Renewable
Orange Renewable was founded in 2008 and raised its 1st funding round 4 years after it was founded.
Orange Renewable is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Orange Renewable has 12 employees.
Annual revenue of Orange Renewable is $114.34M as on Mar 31, 2024.
Founded in 2008 and based in Delhi, India, Orange Renewable functions as a wholly-owned subsidiary of AT Holdings Pte Ltd in Singapore. Operations center on the renewable energy sector, where wind and solar projects are developed, constructed, and managed across multiple Indian states, including Andhra Pradesh, Karnataka, Madhya Pradesh, Maharashtra, and Rajasthan.
Orange Renewable's top competitors include Avaada Group, Azure Power and Greenko Group.
Orange Renewable has 2 investors. Key investors include Greenko Group, and AT Capital.
Orange Renewable is associated with 4 legal entities: Orange Kendra Wind Power Private Limited, Greenko Renewable Power Private Limited, Orange Jagat Wind Power Private Limited and others.
Yes. Orange Renewable was acquired by Greenko Group in May 2018.
The legal entities of Orange Renewable currently have 6 directors, including Ankush Malik, Robin Batra, Pradeep Kumar Kalitkar and others.