About SITAC Renewable energy
SITAC Renewable energy is an Energy & Utilities company based in Delhi (India) founded in 2006 by Bharat Singh. It operates as a wind energy projects are developed, financed, and operated in India. 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. Its Indian entity Edf Power Solutions India Private Limited reported revenue of ₹49.30 Cr. SITAC Renewable energy offers products and services including Real Estate Development and Renewable Energy Projects. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include Acciona Energy, Avaada Group, Greenko Group, Adani Green Energy and Atria Power and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 111
- Founders Bharat Singh
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website sitacltd.com/RE
- Legal Name Sitac Ltd
- Date of Incorporation 28 Oct, 2015
- Annual Revenue₹49.30 Cr
FY 2025 · -11% YoY
- Net Loss-₹63.32 Cr
FY 2025 · -128% margin
- EBITDA-₹55.41 Cr
FY 2025 · -112% margin
- Total Equity Funding$175.96M (USD)
in 2 rounds
- Latest Funding Round$168.5M (USD), Private Equity Round
Jan 2016
- InvestorsGujarat Venture Finance
& 1 more
- Employee Count111
Associated legal entities of SITAC Renewable energy
SITAC Renewable energy is associated with 2 registered companies on The Company Check; the primary company is Edf Power Solutions India Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Edf Power Solutions India Private Limited CIN U35106GJ2015PTC084905 | Active | 28 Oct 2015 | Rajkot, Gujarat | ₹49.3 Cr | 120 | 3 | View details |
| Edf Renewables India Private Limited CIN U40106GJ2015PTC084905 | Active | 28 Oct 2015 | Rajkot, Gujarat, India | – | – | – | View details |
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 $175.96M
- Total Rounds 2
- Last Round Private Equity Round — $168.5M
- First Round $7.46M
(Jan 2013)
- Investors Count 2
All 2 funding rounds of SITAC Renewable energy 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 2016 | $168.5M | Private Equity Round | – | – | |
| Jan 2013 | $7.46M | Series A | – | Gujarat Venture Finance | – |
2 investors in total: 2 institutional.
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 |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India | |
Develops, builds, and operates wind, solar, and storage projects internationally. | 2012 | edf-renouvelables.com | Paris, France |
Investor details for SITAC Renewable energy
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Board of directors of Edf Power Solutions India Private Limited (SITAC Renewable energy)
Edf Power Solutions India Private Limited is the primary company behind SITAC Renewable energy. The board of Edf Power Solutions India Private Limited currently have 3 directors; the longest-serving is Guirec Servan, appointed in 2020. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Guirec Servan DIN 09000249 | Director | 22 Dec 2020 | 5 yrs 9 mo | Edf Power Solutions India Private Limited |
| Fabrice Jean Michael Tencaramadon DIN 09286750 | Director | 29 Sep 2021 | 5 yrs | Edf Power Solutions India Private Limited |
| Rajesh Kumar DIN 08140435 | Company Secretary | 30 Mar 2023 | 3 yrs 6 mo | Edf Power Solutions India Private Limited |
People of SITAC Renewable energy
1 people are tracked at SITAC Renewable energy (1 in leadership); the tracked headcount is 111.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership |
Complete people profiles for SITAC Renewable energy
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Financials of SITAC Renewable energy
Figures of Edf Power Solutions India Private Limited, the primary company behind SITAC Renewable energy, for FY 2025. Revenue was ₹49.30 Cr (-11% year on year). Net loss was -₹63.32 Cr (-128% margin). EBITDA was -₹55.41 Cr (-112% margin). Revenue has grown at a compounded annual rate of +27% over three years and 0% over five years.
- ₹49.30 CrRevenue · FY 2025 · -11% YoY
- -₹63.32 CrNet loss · -128% margin
- -₹55.41 CrEBITDA · -112% margin
- ₹138 CrPaid-up capital
- 120Employees (provident fund records)
- +27%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Edf Power Solutions India Private Limited are on its company page.
Detailed financial statements for SITAC Renewable energy
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Timeline of SITAC Renewable energy
3 dated milestones of SITAC Renewable energy across 10 years, from founding to its latest funding, stage changes and deals.
- Founded SITAC Renewable energy is founded.
- Funding First funding round of $7.5M.
- Funding Latest funding round, Private Equity Round, of $168.5M.
Competitors of SITAC Renewable energy
SITAC Renewable energy has 8 listed competitors in our database, 6 of them funded. They include Acciona Energy, Avaada Group, Greenko Group, Adani Green Energy and Atria Power, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| acciona-energia.com | 1997 | Madrid, Spain | $567M | – | Renewable energy is developed, constructed, and marketed globally. | |
| avaada.com | 2009 | Delhi, India | $879.45M | 2,935 | Renewable energy projects in solar, wind, and storage are developed. | |
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| adanigreenenergy.com | 2012 | Ahmedabad, India | – | 1,112 | Renewable energy power is produced independently by Adani Green Energy. | |
| atriapower.com | 1999 | Bengaluru, India | $8.6M | 24 | Renewable energy is produced via wind, solar, and hybrid systems. | |
| tatapowerrenewables.com | 2007 | Mumbai, India | $766.16M | 2,877 | Power producer and plant developer in the solar and wind energy sector | |
| sprngenergy.com | 2017 | Pune, India | – | 154 | Power is produced in the solar and wind energy sectors. | |
| welspunrenewables.com | 1985 | Delhi, India | $215M | – | Solar and wind power generation company |
Detailed competitors of SITAC Renewable energy
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Top companies in Renewable & Sustainable Energy
10 companies that operate in the same segment as SITAC Renewable energy (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
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 and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 111.38 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Sitac Renewable Energy
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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 2013.
SITAC Renewable energy has 111 employees.
The primary company behind SITAC Renewable energy, Edf Power Solutions India Private Limited, reported revenue of ₹49.30 Cr for FY 2025, down 11% year on year.
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.
SITAC Renewable energy operates through Edf Power Solutions India Private Limited.
The legal entities of SITAC Renewable energy currently have 3 directors, including Guirec Servan, Fabrice Jean Michael Tencaramadon, Rajesh Kumar.