About Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions is a company based in Bengaluru (India) founded in 1998 by Veera Joshy and Joshy Poulose Panamkoodan was acquired by Havells in April 2015. Promptec Renewable Energy Solutions has raised $710.77 thousand across 1 funding round from investors including Havells, Blume Ventures and Cyprian Dsouza. The company has 8 employees as of April 04, 2024.
- Headquarter Bengaluru, India
- Employees 8 as on 04 Apr, 2024
- Founders Veera Joshy, Joshy Poulose Panamkoodan
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Sectors
Energy & Utilities
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Promptec Renewable Energy Solutions Private Limited
- Date of Incorporation 04 Sep, 2008
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$7.99 M (USD)-34.95as on Mar 31, 2018
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Net Profit
-$646.48 K (USD)-235.04as on Mar 31, 2018
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EBITDA
-$167.03 K (USD)-48.03as on Mar 31, 2018
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Total Equity Funding
$710.77 K (USD)
in 1 rounds
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Latest Funding Round
$710.77 K (USD), Unspecified
Nov 01, 2011
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Investors
Havells
& 2 more
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Employee Count
8
as on Apr 04, 2024
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Acquired by
Havells
(Apr 20, 2015)
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Funding Insights of Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions has successfully raised a total of $710.77K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $710.77 thousand completed in November 2011. 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.
Investors in Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Havells, Blume Ventures and Cyprian Dsouza.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage investments are made across sectors in India.
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Electrical equipment for domestic and industrial applications is manufactured.
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CD
Cyprian Dsouza |
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Investor details for Promptec Renewable Energy Solutions
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Investments & Acquisitions by Promptec Renewable Energy Solutions
Investment portfolio details for Promptec Renewable Energy Solutions
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Financial Statements - Promptec Renewable Energy Solutions
Detailed financials for Promptec Renewable Energy Solutions
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Promptec Renewable Energy Solutions Comparisons
Peer comparison for Promptec Renewable Energy Solutions
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Competitors of Promptec Renewable Energy Solutions
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Latest news on Promptec Renewable Energy Solutions
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Frequently Asked Questions about Promptec Renewable Energy Solutions
Promptec Renewable Energy Solutions was founded in 1998 and raised its 1st funding round 13 years after it was founded.
Promptec Renewable Energy Solutions is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Promptec Renewable Energy Solutions is a funded company, having raised a total of $710.77K across 1 funding round to date.
As of Apr 04, 2024, the latest employee count at Promptec Renewable Energy Solutions is 8.
Annual revenue of Promptec Renewable Energy Solutions is $7.99M as on Mar 31, 2018.
Promptec Renewable Energy Solutions was founded in 1998 in Bengaluru, India. LED lighting products are manufactured by the company, focusing on energy-efficient solutions within the renewable energy sector. Operations are centered in Bengaluru, where design, production, and distribution activities are conducted. Co-founders Veera Joshy and Joshy Poulose Panamkoodan oversee key aspects of the business. The domain promptec.in is utilized for online presence and information dissemination.
Promptec Renewable Energy Solutions has 3 investors. Key investors include Havells, Blume Ventures, and Cyprian Dsouza.