About Solaire Direct
Solaire Direct is an Energy & Utilities company based in Paris (France) founded in 2006 by Jean Pascal Pham Ba, and was acquired by Engie in July 2015. Solar IPP and EPC company. Solaire Direct has raised $340.95 million across 7 funding rounds from investors including Schneider Electric, State Bank of India and IDFC First Bank. The company has 1 employees. Its Indian entity Ujjvalatejas Solaire Urja Private Limited reported revenue of ₹26.72 Cr. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers. Its competitors include SPIE, TotalEnergies and NewHeat; 1 of its 3 listed competitors has raised funding.
Company details
Solairedirect was founded in 2006 and is headquartered in Paris, France. Operations focus on the solar energy sector as an independent power producer and engineering, procurement, and construction provider. Solar farms are owned and managed across France, India, the United States, Latin America, and other regions. An investment management division oversees percentage stakes in developed solar assets.
- Headquarters Paris, France
- Employees 1
- Founders Jean Pascal Pham Ba
- Stage Acquired
- SectorsEnergy & Utilities
- Website solairedirect.com
- Social LinkedIn X
- Acquired by Engie (Jul 2015)
- Legal Name Ujjvalatejas Solaire Urja Private Limited
- Date of Incorporation 22 Aug, 2014
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹26.72 Cr
FY 2025 · -17% YoY
- Indian entity net loss-₹32.4 Lakh
FY 2025 · -1% margin
- Indian entity EBITDA₹22.90 Cr
FY 2025 · 86% margin
- Total Equity Funding$340.95M (USD)
in 7 rounds
- Latest Funding Round$100.63M (USD), Debt – Conventional
Feb 2017
- InvestorsSchneider Electric
& 17 more
- Employee Count1
- Acquired byEngie
(Jul 2015)
Associated legal entities of Solaire Direct
Solaire Direct operates through Ujjvalatejas Solaire Urja Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ujjvalatejas Solaire Urja Private Limited CIN U74999MH2014PTC375462 | Active | 22 Aug 2014 | Mumbai, Maharashtra | ₹26.7 Cr | 1 | 5 | View details |
Funding Insights of Solaire Direct
Solaire Direct has successfully raised a total of $340.95M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $100.63 million completed in February 2017. 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 $340.95M
- Total Rounds 7
- Last Round Debt – Conventional — $100.63M
- First Round $8.06M
(Mar 2007)
- Investors Count 17
All 7 funding rounds of Solaire Direct 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 |
|---|---|---|---|---|---|
| Feb 2017 | $100.63M | Debt – Conventional | – | – | |
| Jan 2014 | $51.7M | Debt – Conventional | – | – | |
| Jan 2014 | $227.56M | Series D | – | – | |
| Jun 2013 | $80.29M | Series C | – | – | |
| Jun 2013 | $128.47M | Debt – Conventional | – | – | |
| Nov 2008 | $25.03M | Series B | – | – | |
| Mar 2007 | $8.06M | Series A | – | – | – |
18 investors in total: 18 institutional.
Investors in Solaire Direct
Solaire Direct has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Schneider Electric, State Bank of India and IDFC First Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TechFund is engaged in funding and supporting technology startups. | 2000 | techfund.com | Paris, France | |
Demeter is recognized as a major European investor in venture capital and private equity for energy and ecological transition. | demeter-im.com | Paris, France | ||
Commercial bank | 1997 | idfcfirstbank.com | Mumbai, India | |
Loans and development finance are provided for regional projects. | 1959 | iadb.org | Washington, United States | |
Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors | 1988 | blackrock.com | New York, United States | |
KGAL is engaged in asset management for real assets. | 1968 | kgal.de | Grünwald, Germany | |
Commercial bank offering deposits, loans, and payment services to customers. | 2003 | hcob-bank.com | Hamburg, Germany | |
Investments in infrastructure assets are managed by DIF firm. | 2005 | dif.eu | Amsterdam, Netherlands | |
| kgal-group.com | ||||
| hsh-nordbank.com |
Investor details for Solaire Direct
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Board of directors of Ujjvalatejas Solaire Urja Private Limited (Solaire Direct)
Ujjvalatejas Solaire Urja Private Limited is the primary company behind Solaire Direct. The board of Ujjvalatejas Solaire Urja Private Limited currently have 5 directors; the longest-serving is Rajender Kumar, appointed in 2021. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajender Kumar DIN 08915491 | Director | 08 Sep 2021 | 5 yrs 1 mo | Ujjvalatejas Solaire Urja Private Limited |
| Prakash Balkrishna Morankar DIN 08999935 | Director | 15 Mar 2024 | 2 yrs 7 mo | Ujjvalatejas Solaire Urja Private Limited |
| Nimish Rameshchandra Sheth DIN 07015435 | Director | 30 Nov 2024 | 1 yr 10 mo | Ujjvalatejas Solaire Urja Private Limited |
| Shravan Agarwal DIN 10810916 | Director | 30 Nov 2024 | 1 yr 10 mo | Ujjvalatejas Solaire Urja Private Limited |
| Mayur Kondiba Dhamale DIN 11253535 | Director | 09 Sep 2025 | 1 yr 1 mo | Ujjvalatejas Solaire Urja Private Limited |
People of Solaire Direct
1 people are tracked at Solaire Direct (1 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Jean Pascal Pham Ba | Co-Founder | Leadership |
Complete people profiles for Solaire Direct
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Financials of Solaire Direct
Figures of Ujjvalatejas Solaire Urja Private Limited, the primary company behind Solaire Direct, for FY 2025. Revenue was ₹26.72 Cr (-17% year on year). Net loss was -₹32.4 Lakh (-1% margin). EBITDA was ₹22.90 Cr (86% margin). Revenue has grown at a compounded annual rate of +2% over three years and +2% over five years.
- ₹26.72 CrRevenue · FY 2025 · -17% YoY
- -₹32.4 LakhNet loss · -1% margin
- ₹22.90 CrEBITDA · 86% margin
- ₹9.00 CrPaid-up capital
- 1Employees (provident fund records)
- +2%Revenue CAGR, 3 years
- +2%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ujjvalatejas Solaire Urja Private Limited are on its company page.
Detailed financial statements for Solaire Direct
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Solaire Direct
4 dated milestones of Solaire Direct across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Solaire Direct is founded.
- Funding First funding round of $8.1M.
- Exit Acquired by Engie.
- Funding Latest funding round, Debt – Conventional, of $100.6M.
Competitors of Solaire Direct
Solaire Direct has 3 listed competitors in our database, 1 of them funded. They include SPIE, TotalEnergies and NewHeat.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spie.com | 1998 | Cergy, France | SPIE is recognized as a leading European provider of multi-technical services in energy and communications. | |||
| totalenergies.com | 1924 | Paris, France | 105,476 | TotalEnergies is engaged in producing and marketing multi-energy solutions. | ||
| newheat.com | 2015 | Bordeaux, France | $56.09M | Solar heat and waste heat recovery solutions are provided. |
Detailed competitors of Solaire Direct
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Web traffic of Solaire Direct
Websites that share an audience with Solaire Direct (solairedirect.com).
Websites whose visitors overlap most with Solaire Direct. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
atlassolaire.com | atlassolaire.com | 100% | – | ||
elfa-solaire.com | elfa-solaire.com | 99% | – | ||
tecsol.blogs.com | tecsol.blogs.com | 85% | – | ||
| evasol.fr | 84% | View details | |||
| abengoasolar.com | 84% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Solaire Direct
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Related news about Solaire Direct
Complete news archive for Solaire Direct
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Frequently Asked Questions about Solaire Direct
Solaire Direct was founded in 2006 and raised its 1st funding round 1 year after it was founded.
Solaire Direct is headquartered in Paris, France.
Solaire Direct is a funded company, having raised a total of $340.95M across 7 funding rounds to date. The company's 1st funding round was a Series A of $8.06M, raised on Mar 2007.
Solaire Direct has 1 employees.
The primary company behind Solaire Direct, Ujjvalatejas Solaire Urja Private Limited, reported revenue of ₹26.72 Cr for FY 2025, down 17% year on year.
Solairedirect was founded in 2006 and is headquartered in Paris, France. Operations focus on the solar energy sector as an independent power producer and engineering, procurement, and construction provider. Solar farms are owned and managed across France, India, the United States, Latin America, and other regions. An investment management division oversees percentage stakes in developed solar assets.
Solaire Direct's top competitors include TotalEnergies, SPIE and NewHeat.
Solaire Direct has 18 investors. Key investors include Schneider Electric, State Bank of India, IDFC First Bank, Macif, and ENGIE.
Solaire Direct operates through Ujjvalatejas Solaire Urja Private Limited.
Yes. Solaire Direct was acquired by Engie in July 2015.
The legal entities of Solaire Direct currently have 5 directors, including Rajender Kumar, Prakash Balkrishna Morankar, Nimish Rameshchandra Sheth and others.