About SITAC Renewable energy
SITAC Renewable energy is a company based in Delhi (India) founded in 2006 by Bharat Singh. SITAC Renewable energy has raised $175.96 million across 2 funding rounds from investors including Gujarat Venture Finance and EDF Renewable. The company has 111 employees as of June 30, 2023. SITAC Renewable energy offers products and services including Real Estate Development and Renewable Energy Projects. SITAC Renewable energy operates in a competitive market with competitors including Acciona Energy, Avaada Group, Greenko Group, Adani Green Energy and Atria Power, among others.
- Headquarter Delhi, India
- Employees 111 as on 30 Jun, 2023
- Founders Bharat Singh
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
- Legal Name Sitac Ltd
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Annual Revenue
$6.67 M (USD)115as on Mar 31, 2024
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Net Profit
-$5.25 M (USD)-27as on Mar 31, 2024
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EBITDA
-$4.21 M (USD)-21as on Mar 31, 2024
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Total Equity Funding
$175.96 M (USD)
in 2 rounds
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Latest Funding Round
$168.5 M (USD), Private Equity Round
Jan 28, 2016
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Investors
Gujarat Venture Finance
& 1 more
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Employee Count
111
as on Jun 30, 2023
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Products & Services of SITAC Renewable energy
SITAC Renewable energy offers a comprehensive portfolio of products and services, including Real Estate Development and Renewable Energy Projects.
Provides large-scale real estate project development and management services.
Manages utility-scale renewable energy initiatives across various regions.
Funding Insights of SITAC Renewable energy
SITAC Renewable energy has successfully raised a total of $175.96M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $168.5 million completed in January 2016. 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 Total Funding
- Total Rounds 2
- Last Round Private Equity Round — $168.5M
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First Round
First Round
(23 Jan 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Private Equity Round - SITAC Renewable energy | Valuation |
investors |
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| Jan, 2013 | Amount | Series A - SITAC Renewable energy | Valuation | Gujarat Venture Finance |
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Investors in SITAC Renewable energy
SITAC Renewable energy has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Gujarat Venture Finance and EDF Renewable.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are made in Indian startups across multiple sectors.
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Founded Year | Domain | Location | |
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Develops, builds, and operates wind, solar, and storage projects internationally.
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Founded Year | Domain | Location |
Investments & Acquisitions by SITAC Renewable energy
Financial Statements - SITAC Renewable energy
Sitac Renewable Energy Comparisons
Competitors of SITAC Renewable energy
SITAC Renewable energy 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 Acciona Energy, Avaada Group, Greenko Group, Adani Green Energy and Atria Power, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Renewable energy projects in solar, wind, and storage are developed.
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| domain | founded_year | HQ Location |
Energy transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Renewable energy power is produced independently by Adani Green Energy.
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| domain | founded_year | HQ Location |
Renewable energy is produced via wind, solar, and hybrid systems.
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| domain | founded_year | HQ Location |
Power producer and plant developer in the solar and wind energy sector
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Frequently Asked Questions about SITAC Renewable energy
SITAC Renewable energy was founded in 2006 and raised its 1st funding round 7 years after it was founded.
SITAC Renewable energy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
SITAC Renewable energy is a funded company, having raised a total of $175.96M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7.46M, raised on Jan 23, 2013.
As of Jun 30, 2023, the latest employee count at SITAC Renewable energy is 111.
Annual revenue of SITAC Renewable energy is $6.67M as on Mar 31, 2024.
SITAC RE has set up wind farms in Gujarat, Maharashtra and Rajasthan. Has projects with combined capacity of 830 MW under different stages of development. The company has signed contract with Inox Wind for the supply, erection commissioning of wind turbine generators for wind energy projects with a capacity in excess of 100MW at sites comprising part of its wind power projects pipeline.. The company raised INR 400M from Gujarat ventures Finance Ltd to execute 36 MW wind farm in Gujarat.The company aims to be an Independent Power Producer in the near future. SITAC RE is an independent wind energy company exclusively focused on the development, financing, construction, ownership and operation of utility-scale wind energy projects in India. Based out of New Delhi, SITAC RE is in the process of developing and operating wind energy projects across India with a project pipeline of circa 830 MW.
SITAC Renewable energy's top competitors include Avaada Group, Acciona Energy and Adani Green Energy.
SITAC Renewable energy offers Real Estate Development and Renewable Energy Projects.
SITAC Renewable energy has 2 investors. Key investors include Gujarat Venture Finance, and EDF Renewable.