About Pennar
Pennar is a company based in Hyderabad (India) founded in 1988 by Nrupendra Rao.. The company has 5,800 employees as of March 31, 2024. Pennar has completed 3 acquisitions, including Cadnum SARL, One Works BIM Technologies and Pennar Enviro. Pennar operates in a competitive market with competitors including SINTEF, Hanwha, Astronergy, SGL Carbon and ET Solar, among others.
- Headquarter Hyderabad, India
- Employees 5800 as on 31 Mar, 2024
- Founders Nrupendra Rao
- Stage Public
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Sectors
Industrial Goods & ManufacturingEnergy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Pennar Industries Limited
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Annual Revenue
$376.64 M (USD)3.1as on Mar 31, 2024
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Net Profit
$13.9 M (USD)21.28as on Mar 31, 2024
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EBITDA
$37.03 M (USD)17.42as on Mar 31, 2024
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Latest Funding Round
$29.3 M (USD), Post-IPO
Oct 23, 2012
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Investors
Eight Capital Management
& 2 more
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Employee Count
5800
as on Mar 31, 2024
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Investments & Acquisitions
Cadnum SARL
& 2 more
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IPO & Listings of Pennar
Pennar is a publicly listed company on the NSE with ticker symbol PENIND in India, operating in the Non-energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Pennar
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $29.3M
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First Round
First Round
(15 Dec 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2012 | Amount | Post-IPO - Pennar | Valuation |
investors |
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| Dec, 2011 | Amount | Post-IPO - Pennar | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pennar
Pennar has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Eight Capital Management, Elevation Capital and Investor Growth Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in tech startups, leveraging financial expertise for innovation.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital firm focused on fintech, energy, and multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pennar
Pennar has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Cadnum SARL, One Works BIM Technologies and Pennar Enviro. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of engineering & precision machining services
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2009 | ||||
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Wastewater treatment turnkey projects and chemical services are provided.
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1992 | ||||
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Architectural and engineering services are provided by the firm.
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pennar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pennar Comparisons
Competitors of Pennar
Pennar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SINTEF, Hanwha, Astronergy, SGL Carbon and ET Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Applied research organization providing technology and innovation services across diverse sectors
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| domain | founded_year | HQ Location |
Manufacturer of solar cells, modules, and other related components
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured by Astronergy in Haining, China.
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| domain | founded_year | HQ Location |
Graphite and composites-based materials and components are developed.
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| domain | founded_year | HQ Location |
Solar PV modules are manufactured by ET Solar.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pennar
Frequently Asked Questions about Pennar
When was Pennar founded?
Pennar was founded in 1988 and raised its 1st funding round 23 years after it was founded.
Where is Pennar located?
Pennar is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Pennar?
Murali Krishnan D is the current CEO of Pennar.
How many employees does Pennar have?
As of Mar 31, 2024, the latest employee count at Pennar is 5,800.
What is the annual revenue of Pennar?
Annual revenue of Pennar is $376.64M as on Mar 31, 2024.
What does Pennar do?
Founded in 1988 in Hyderabad, India, the company operates in the engineering and manufacturing sector. Precision-engineered products, including tubes and custom components for railway, aerospace, automotive, and general manufacturing applications, are produced. Building solutions such as pre-engineered structures and steel profiles are offered, alongside process heating equipment like boilers and hydraulic services. Industrial automation and building information modeling support are also provided across operations.
Who are the top competitors of Pennar?
Pennar's top competitors include SINTEF, Astronergy and SGL Carbon.
Is Pennar publicly traded?
Yes, Pennar is publicly traded on NSE under the ticker symbol PENIND.
How many acquisitions has Pennar made?
Pennar has made 3 acquisitions, including Cadnum SARL, One Works BIM Technologies, and Pennar Enviro.
Who are Pennar's investors?
Pennar has 3 investors. Key investors include Eight Capital Management, Elevation Capital, and Investor Growth Capital.
What is Pennar's ticker symbol?
The ticker symbol of Pennar is PENIND on NSE.
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