About SkyPower
SkyPower is an Energy & Utilities company based in Toronto (Canada) founded in 2003. Solar energy projects are developed globally by SkyPower. The company has 81 employees. Its focus areas include Energy, Solar Energy, Independent Power Producer and Utility. Its competitors include Boralex, Innergex and JCM Power; 1 of its 3 listed competitors has raised funding.
Company details
SkyPower was founded in 2003 in Toronto, Canada, as an independent power producer focused on the solar energy sector. Multiple utility-scale projects are developed worldwide, with over 30 power purchase agreements secured. These agreements represent approximately US 80 billion in long-term renewable energy sales to utilities and governments across various regions. Operations emphasize project development in the renewable energy field.
- Headquarters Toronto, Canada
- Employees 81
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website skypower.com
- Social LinkedIn X
- Annual Revenue$6.57 M (USD)-2as on Mar 31, 2023
- Net Profit$2.16 M (USD)189as on Mar 31, 2023
- EBITDA$4.71 M (USD)42as on Mar 31, 2023
- Investors
- Employee Count81
Associated legal entities of SkyPower
SkyPower is associated with 4 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 |
|---|---|---|---|---|---|---|---|
| Skypower Southeast Solar India Private Limited CIN U74900DL2015PTC279511 | Active | 27 Apr 2015 | New Delhi, Delhi | ₹0.6 Cr | 2 | View details | |
| Skypower Solar India Private Limited CIN U74900DL2015PTC276295 | Active | 04 Feb 2015 | New Delhi, Delhi | ₹56.6 Cr | 2 | View details | |
| Skypower Solar Southeast Asia One Private Limited CIN U74140DL2014PTC274598 | Active | 24 Dec 2014 | New Delhi, Delhi | ₹0.1 Cr | 2 | View details | |
| Sunshakti Solar Power Projects Private Limited CIN U74900GJ2015PTC145661 | Active | 11 Aug 2015 | Ahmedabad, Gujarat | ₹52.2 Cr | 3 | View details |
Funding Insights of SkyPower
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of SkyPower 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 |
|---|---|---|---|---|---|
| Jun 2007 | Series A | – | Lehman Brothers | – |
1 investors in total: 1 institutional.
Investors in SkyPower
SkyPower has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Lehman Brothers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global financial advisory services are provided by the firm. | lehman.com | New York, United States |
Investor details for SkyPower
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of SkyPower
The boards of the 4 registered companies of SkyPower currently have 9 directors; the longest-serving is Kerry Evan Adler, appointed in 2016. 33 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kerry Evan Adler DIN 07514626 | Director | 28 May 2016 | 10 yrs 5 mo | Skypower Solar Southeast Asia One Private Limited |
| Rajib Mukhapadhyay DIN 08397329 | Director | 28 Mar 2019 | 7 yrs 7 mo | Skypower Solar Southeast Asia One Private Limited |
| Naresh Kalidas Joshi DIN 09070112 | Director | 13 Jun 2022 | 4 yrs 4 mo | Sunshakti Solar Power Projects Private Limited |
| Nisarg Bimal Shah DIN 08812336 | Director | 13 Jun 2022 | 4 yrs 4 mo | Sunshakti Solar Power Projects Private Limited |
| Jigish Bhogilal Mehta DIN 09054778 | Director | 13 Jun 2022 | 4 yrs 4 mo | Sunshakti Solar Power Projects Private Limited |
| Rajesh Kumar Goel DIN 10657030 | Additional Director | 27 Jun 2025 | 1 yr 4 mo | Skypower Solar India Private Limited |
| Bharat Nareshkumar Saxena DIN 08040929 | Additional Director | 27 Jun 2025 | 1 yr 4 mo | Skypower Solar India Private Limited |
| Magan Singh Thakur DIN 11448435 | Additional Director | 08 Jan 2026 | 10 mo | Skypower Southeast Solar India Private Limited |
| Shailendra Rastogi DIN 11444642 | Additional Director | 08 Jan 2026 | 10 mo | Skypower Southeast Solar India Private Limited |
People of SkyPower
32 people are tracked at SkyPower (25 in leadership, 7 in team); the tracked headcount is 81.
| Name | Role | Group |
|---|---|---|
Daria Gorina | Senior Director Of Strategic Communications And Digital Presence | Leadership |
Jae Ryu | Director of Corporate Reporting & Accounting | Leadership |
| Founder & Chief Executive Officer | Leadership | |
Giorgio Mauro | Associate Vice President | Leadership |
Charles Cohen | Chief Comercial Officer / CCO | Leadership |
Dan Walter | Vice President of Development, Office of the President | Leadership |
Hando Kang | Vice President, Global Affairs | Leadership |
Sook-Ying Cojita, CPA, CA, CIA, MBA, PMP | Vice President Corporate Accounting & Financial Compliance | Leadership |
Alex Mukisa | Senior Director Strategic Growth Africa | Leadership |
Robert Foran, CPA, CA, BSc | Chief Operating Officer | Leadership |
Stella Wagner | Director of Project Development | Leadership |
Raman Kandala | Director of Electrical Engineering | Leadership |
Yelena Patyutko | Executive Vice President | Leadership |
Navid Seifkar | Senior Vice President - Global Innovation and Strategic Implementations | Leadership |
Amit De | Senior Vice President, Finance & Strategy | Leadership |
Yanna Kameir (Esterleyn), MBA | Director Of Global Development And Integration | Leadership |
Hamza Tursunov | VP Global Integration & Strategy | Leadership |
Maria Vorobieva | Associate Vice President, International Public Affairs | Leadership |
Kshitij Kaushik | Senior Vice President - Global Asset Management | Leadership |
Vikas Verma | Director Business Development | Leadership |
12 more people are available in the full profile.
Complete people profiles for SkyPower
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of SkyPower
Figures of Skypower Solar India Private Limited, the primary company behind SkyPower, for FY 2024. Revenue was ₹56.60 Cr (+3% year on year). Net profit was ₹15.05 Cr (27% margin). EBITDA was ₹29.98 Cr (53% margin). Revenue has grown at a compounded annual rate of -3% over three years and +1% over five years.
- ₹56.60 CrRevenue · FY 2024 · +3% YoY
- ₹15.05 CrNet profit · 27% margin
- ₹29.98 CrEBITDA · 53% margin
- ₹1.2 LakhPaid-up capital
- -3%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Skypower Solar India Private Limited are on its company page.
Detailed financial statements for SkyPower
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of SkyPower
2 dated milestones of SkyPower across 4 years, from founding to its latest funding, stage changes and deals.
- Founded SkyPower is founded.
- Funding First funding round.
Competitors of SkyPower
SkyPower has 3 listed competitors in our database, 1 of them funded. They include Boralex, Innergex and JCM Power.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boralex.com | 1982 | Kingsey Falls, Canada | Developer of renewable energy projects | |||
| innergex.com | 1990 | Longueuil, Canada | Renewable energy facilities are developed, owned, and operated by Innergex. | |||
| jcmpower.ca | 2009 | Toronto, Canada | $15.12M | Renewable energy projects are developed and operated internationally. |
Detailed competitors of SkyPower
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SkyPower
Websites that share an audience with SkyPower (skypower.com).
Websites whose visitors overlap most with SkyPower. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
southern-energy.com | southern-energy.com | 100% | #2,359,346 | – | |
solardesign.com | solardesign.com | 100% | #10,659,952 | – | |
| evergreensolar.com | 99% | View details |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Skypower
Complete news archive for SkyPower
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about SkyPower
SkyPower was founded in 2003 and raised its 1st funding round 4 years after it was founded.
SkyPower is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
SkyPower has 81 employees.
Annual revenue of SkyPower is $6.57M as on Mar 31, 2023.
SkyPower was founded in 2003 in Toronto, Canada, as an independent power producer focused on the solar energy sector. Multiple utility-scale projects are developed worldwide, with over 30 power purchase agreements secured. These agreements represent approximately US 80 billion in long-term renewable energy sales to utilities and governments across various regions. Operations emphasize project development in the renewable energy field.
SkyPower has 1 investor. Key investors include Lehman Brothers.
SkyPower is associated with 4 legal entities: Skypower Solar India Private Limited, Skypower Southeast Solar India Private Limited, Skypower Solar Southeast Asia One Private Limited and others.
The legal entities of SkyPower currently have 9 directors, including Rajesh Kumar Goel, Bharat Nareshkumar Saxena, Magan Singh Thakur and others.