About Simpa Networks
Simpa Networks is an Energy & Utilities company based in Bengaluru (India) founded in 2010, and was acquired by Engie in November 2018. Solar-as-a-Service is provided to rural households in India. Simpa Networks has raised $21.67 million across 13 funding rounds from investors including ENGIE, Asian Development Bank and USAID. The company has 3 employees. Its chief executive, as recorded, is Sanjay Munshi. Its focus areas include Energy, Solar Energy, Independent Power Producer and Distributed. Its competitors include Adani Green Energy, KPI Green Energy and Husk Power Systems; 1 of its 3 listed competitors has raised funding.
Company details
Simpa Networks offers Solar-as-a-service to rural India by accepting a down-payment, and installing Solar PV panels. The customers then pre-pay for the energy used every month, which would finally repay the purchase price of the solar panels. Since its inception the company has delivered over 65 MWh. The company is backed by Asian Development Bank, IFC, Khosla Impact Fund, Sorenson Impact Foundation, Schneider Electric, and more. Simpa Networks, besides other awards won the Impact Award in the renewable energy category by OPIC in May 2015.
- Headquarters Bengaluru, India
- Employees 3
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website simpanetworks.com
- Social LinkedIn X Facebook
- Acquired by Engie (Nov 2018)
Associated legal entities of Simpa Networks
Simpa Networks is associated with 2 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 |
|---|---|---|---|---|---|---|---|
| Newkem Insulations Manufacturers Pvt Ltd CIN U24110MH1982PTC027785 | Active | 12 Jul 1982 | Mumbai, Maharashtra | ₹1.2 Cr | 622 | 3 | View details |
| Simpa Energy India Private Limited CIN U40103DL2011FTC307815 | Under Liquidation | 17 Jun 2011 | Delhi, Delhi | ₹7.4 Cr | 3 | 4 | View details |
Funding Insights of Simpa Networks
Simpa Networks has successfully raised a total of $21.67M across 13 strategic funding rounds. The most recent funding activity was a Series A round of $1.05 million completed in January 2018. 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 $21.67M
- Total Rounds 13
- Last Round Series A — $1.05M
- First Round $1.1M
(Dec 2010)
- Investors Count 5
Latest 10 of 13 funding rounds of Simpa Networks 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 |
|---|---|---|---|---|---|
| Jan 2018 | $1.05M | Series A | – | – | – |
| Apr 2016 | $10.31M | Series A | – | – | – |
| Aug 2015 | $1.75M | Series A | – | – | – |
| Dec 2014 | $4M | Debt – Conventional | – | – | |
| May 2014 | $2.2M | Series A | – | – | – |
| Aug 2013 | $250,000 | Series A | – | – | – |
| May 2013 | $968,000 | Grant | – | – | |
| Mar 2013 | $3.01M | Series A | – | – | – |
| Mar 2013 | $2M | Seed | – | – | |
| Jul 2012 | $807,800 | Debt – Conventional | – | – | – |
5 investors in total: 5 institutional.
Investors in Simpa Networks
Simpa Networks has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include ENGIE, Asian Development Bank and USAID.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Entrepreneurship support, ecosystem strengthening, and impact investing services are offered by Village Capital. | vilcap.com | |||
Electricity, natural gas, and energy services are provided globally. | 1946 | engie.com | Paris, France | |
| opic.gov | ||||
Advisory services and financial resources are mobilized for development projects. | 1966 | adb.org | Mandaluyong, Philippines | |
Global poverty and development are addressed through USAID initiatives. | 1961 | usaid.gov |
Investor details for Simpa Networks
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Simpa Networks
The boards of the 2 registered companies of Simpa Networks currently have 6 directors; the longest-serving is Nimish Vrajlal Sura, appointed in 1996. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nimish Vrajlal Sura DIN 00450025 | Director | 01 Apr 1996 | 30 yrs 7 mo | Newkem Insulations Manufacturers Pvt Ltd |
| Dolly Nimish Sura DIN 00449982 | Director | 01 Apr 1996 | 30 yrs 7 mo | Newkem Insulations Manufacturers Pvt Ltd |
| Kush Nimish Sura DIN 06500137 | Director | 16 Feb 2013 | 13 yrs 8 mo | Newkem Insulations Manufacturers Pvt Ltd |
| Dhananjay Kumar DIN 09168356 | Director | 13 May 2021 | 5 yrs 5 mo | Simpa Energy India Private Limited |
| Gonzague Florizel Dedrouin Debouville DIN 10060640 | Director | 05 May 2023 | 3 yrs 6 mo | Simpa Energy India Private Limited |
| Bhushan Pratap Kothari DIN 10555233 | Director | 03 Jun 2024 | 2 yrs 5 mo | Simpa Energy India Private Limited |
People of Simpa Networks
1 people are tracked at Simpa Networks (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Sanjay Munshi | CEO | Leadership |
Complete people profiles for Simpa Networks
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Financials of Simpa Networks
Figures of Simpa Energy India Private Limited, the primary company behind Simpa Networks, for FY 2021. Revenue was ₹7.36 Cr (-70% year on year). Net loss was -₹21.56 Cr (-293% margin). EBITDA was -₹20.22 Cr (-275% margin). Revenue has grown at a compounded annual rate of -32% over three years and -5% over five years.
- ₹7.36 CrRevenue · FY 2021 · -70% YoY
- -₹21.56 CrNet loss · -293% margin
- -₹20.22 CrEBITDA · -275% margin
- ₹53.19 CrPaid-up capital
- 3Employees (provident fund records)
- -32%Revenue CAGR, 3 years
- -5%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Simpa Energy India Private Limited are on its company page.
Detailed financial statements for Simpa Networks
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Simpa Networks
4 dated milestones of Simpa Networks across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Simpa Networks is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Series A, of $1.1M.
- Exit Acquired by Engie.
Competitors of Simpa Networks
Simpa Networks has 3 listed competitors in our database, 1 of them funded. They include Adani Green Energy, KPI Green Energy and Husk Power Systems.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| adanigreenenergy.com | 2012 | Ahmedabad, India | 1,112 | Renewable energy power is produced independently by Adani Green Energy. | ||
| kpigreenenergy.com | 2008 | Surat, India | 415 | Solar and hybrid power projects are developed and operated. | ||
| huskpowersystems.com | 2008 | Patna, India | $73.99M | 452 | Hybrid renewable energy solutions are provided for rural communities. |
Detailed competitors of Simpa Networks
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Web traffic of Simpa Networks
Websites that share an audience with Simpa Networks (simpanetworks.com).
Websites whose visitors overlap most with Simpa Networks. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| melbye.com | 100% | #13,120,464 | View details |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Simpa Networks (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 Simpa Networks
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Frequently Asked Questions about Simpa Networks
Simpa Networks was founded in 2010.
Simpa Networks is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sanjay Munshi is the CEO of Simpa Networks, as recorded in our data.
Simpa Networks is a funded company, having raised a total of $21.67M across 13 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $807.8K, raised on Dec 2010.
Simpa Networks has 3 employees.
Simpa Networks offers Solar-as-a-service to rural India by accepting a down-payment, and installing Solar PV panels. The customers then pre-pay for the energy used every month, which would finally repay the purchase price of the solar panels. Since its inception the company has delivered over 65 MWh. The company is backed by Asian Development Bank, IFC, Khosla Impact Fund, Sorenson Impact Foundation, Schneider Electric, and more. Simpa Networks, besides other awards won the Impact Award in the renewable energy category by OPIC in May 2015.
Simpa Networks's top competitors include Husk Power Systems, Adani Green Energy and KPI Green Energy.
Simpa Networks has 5 investors. Key investors include ENGIE, Asian Development Bank, USAID, OPIC, and Village Capital.
Simpa Networks is associated with 2 legal entities: Simpa Energy India Private Limited, Newkem Insulations Manufacturers Pvt Ltd.
Yes. Simpa Networks was acquired by Engie in November 2018.
The legal entities of Simpa Networks currently have 7 directors, including Dhananjay Kumar, Bhushan Pratap Kothari, Gonzague Florizel Dedrouin Debouville and others.