About Origin Renewables
Origin Renewables is an Energy & Utilities company based in Mumbai (India) founded in 2015 by Naveen Kumar Patam, and was acquired by EverSource Capital in February 2020. Solar panels and products are installed in Mumbai. Its chief executive, as recorded, is Naveen Kumar Patam. Its Indian entity Origin Renewables Private Limited reported revenue of ₹1.88 Cr. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include Freyr Energy, Fourth Partner Energy and Sterling And Wilson; 3 of its 3 listed competitors have raised funding.
Company details
Origin Renewables was established in 2015 as a company focused on the renewable energy sector. Operations are centered in Mumbai, India, where solar panel installations and related products are provided. Services include setup and maintenance for residential and commercial clients. The company is led by Co-Founder and CEO Naveen Kumar Patam, with activities confined to the Indian market.
- Headquarters Mumbai, India
- Founders Naveen Kumar Patam
- Stage Acquired
- SectorsEnergy & Utilities
- Website originrenew.com
- Acquired by EverSource Capital (Feb 2020)
- Legal Name Origin Renewables Private Limited
- Date of Incorporation 09 Nov, 2015
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹1.88 Cr
FY 2025 · -58% YoY
- Net Loss-₹47.8 Lakh
FY 2025 · -25% margin
- EBITDA₹56 Lakh
FY 2025 · 30% margin
- Investors
- Acquired byEverSource Capital
(Feb 2020)
Associated legal entities of Origin Renewables
Origin Renewables operates through Origin Renewables Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Origin Renewables Private Limited CIN U74120MH2015PTC270041 | Active | 09 Nov 2015 | Mumbai, Maharashtra | ₹1.9 Cr | 2 | View details |
Investors in Origin Renewables
Origin Renewables has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include EverSource Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Infrastructure investment and management are conducted in India. | 2018 | eversourcecapital.com | Mumbai, India |
Investor details for Origin Renewables
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Board of directors of Origin Renewables Private Limited (Origin Renewables)
Origin Renewables Private Limited is the primary company behind Origin Renewables. The board of Origin Renewables Private Limited currently have 2 directors; the longest-serving is Mallikarjuna Ukkadala, appointed in 2022. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mallikarjuna Ukkadala DIN 09520682 | Director | 14 Mar 2022 | 4 yrs 7 mo | Origin Renewables Private Limited |
| Urvi Nitesh Shah DIN 09481393 | Director | 14 Mar 2022 | 4 yrs 7 mo | Origin Renewables Private Limited |
People of Origin Renewables
1 people are tracked at Origin Renewables (1 in leadership).
| Name | Role | Group |
|---|---|---|
Naveen Kumar Patam | Co-Founder & CEO | Leadership |
Complete people profiles for Origin Renewables
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Financials of Origin Renewables
Figures of Origin Renewables Private Limited, the primary company behind Origin Renewables, for FY 2025. Revenue was ₹1.88 Cr (-58% year on year). Net loss was -₹47.8 Lakh (-25% margin). EBITDA was ₹56 Lakh (30% margin). Revenue has grown at a compounded annual rate of +3% over three years and +33% over five years.
- ₹1.88 CrRevenue · FY 2025 · -58% YoY
- -₹47.8 LakhNet loss · -25% margin
- ₹56 LakhEBITDA · 30% margin
- ₹2.31 CrPaid-up capital
- +3%Revenue CAGR, 3 years
- +33%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Origin Renewables Private Limited are on its company page.
Detailed financial statements for Origin Renewables
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Timeline of Origin Renewables
2 dated milestones of Origin Renewables across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Origin Renewables is founded.
- Exit Acquired by EverSource Capital.
Competitors of Origin Renewables
Origin Renewables has 3 listed competitors in our database, 3 of them funded. They include Freyr Energy, Fourth Partner Energy and Sterling And Wilson.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. |
Detailed competitors of Origin Renewables
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Origin Renewables (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 Origin Renewables
Origin Renewables was founded in 2015.
Origin Renewables is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Naveen Kumar Patam is the CEO of Origin Renewables, as recorded in our data. They have also founded this company.
The primary company behind Origin Renewables, Origin Renewables Private Limited, reported revenue of ₹1.88 Cr for FY 2025, down 58% year on year.
Origin Renewables was established in 2015 as a company focused on the renewable energy sector. Operations are centered in Mumbai, India, where solar panel installations and related products are provided. Services include setup and maintenance for residential and commercial clients. The company is led by Co-Founder and CEO Naveen Kumar Patam, with activities confined to the Indian market.
Origin Renewables's top competitors include Fourth Partner Energy, Freyr Energy and Sterling And Wilson.
Origin Renewables has 1 investor. Key investors include EverSource Capital.
Origin Renewables operates through Origin Renewables Private Limited.
Yes. Origin Renewables was acquired by EverSource Capital in February 2020.
The legal entities of Origin Renewables currently have 2 directors, including Mallikarjuna Ukkadala, Urvi Nitesh Shah.