About Solar Town
Solar Town was an Energy & Utilities company based in Chennai (India) founded in 2012. It delivers solar solutions and EPC services for energy projects. It operates on a B2B model. Its Indian entity Solartown Energy Solutions Private Limited reported revenue of ₹5.30 Cr. The company is recorded as dissolved. Its focus areas include Energy, Renewable Energy, Solar Solutions and EPC Services. Its competitors include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten; 2 of its 3 listed competitors have raised funding.
Company details
Solar Town operates with a B2B model, focusing on working in the energy sector, promoting renewable energy, solar solutions, and epc services. Delivers solar solutions and EPC services for energy projects. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Chennai, India
- SectorsEnergy & Utilities
- Website solartown.in
- Social X
- Legal Name Solartown Energy Solutions Private Limited
- Date of Incorporation 30 Apr, 2012
- Annual Revenue₹5.30 Cr
FY 2016 · +333% YoY
- Net Profit₹10.7 Lakh
FY 2016 · 2% margin
- EBITDA₹21.9 Lakh
FY 2016 · 4% margin
- Investors
Associated legal entities of Solar Town
Solar Town operates through Solartown Energy Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Solartown Energy Solutions Private Limited CIN U74900TN2012PTC085642 | Active | 30 Apr 2012 | Chennai, Tamil Nadu | ₹5.3 Cr | 37 | 2 | View details |
Funding Insights of Solar Town
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Solar Town 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 |
|---|---|---|---|---|---|
| May 2016 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in Solar Town
Solar Town has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include GREX.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A private market platform for unlisted company securities is operated. | 2014 | grexaim.com | Pune, India |
Investor details for Solar Town
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 Solartown Energy Solutions Private Limited (Solar Town)
Solartown Energy Solutions Private Limited is the primary company behind Solar Town. The board of Solartown Energy Solutions Private Limited currently have 2 directors; the longest-serving is Vikram Dileepan, appointed in 2012. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikram Dileepan DIN 05221266 | Director | 30 Apr 2012 | 14 yrs 6 mo | Solartown Energy Solutions Private Limited |
| Kuttuva Dhanush Nagarajan DIN 07049929 | Director | 31 Jul 2015 | 11 yrs 3 mo | Solartown Energy Solutions Private Limited |
Financials of Solar Town
Figures of Solartown Energy Solutions Private Limited, the primary company behind Solar Town, for FY 2016. Revenue was ₹5.30 Cr (+333% year on year). Net profit was ₹10.7 Lakh (2% margin). EBITDA was ₹21.9 Lakh (4% margin).
- ₹5.30 CrRevenue · FY 2016 · +333% YoY
- ₹10.7 LakhNet profit · 2% margin
- ₹21.9 LakhEBITDA · 4% margin
- ₹75 LakhPaid-up capital
- 37Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Solartown Energy Solutions Private Limited are on its company page.
Detailed financial statements for Solar Town
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 Solar Town
2 dated milestones of Solar Town across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Solar Town is founded.
- Funding First funding round.
Competitors of Solar Town
Solar Town has 3 listed competitors in our database, 2 of them funded. They include Fourth Partner Energy, Sterling And Wilson and Mahindra Susten.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. | |
| mahindrasusten.com | 2010 | Mumbai, India | 180 | Turnkey EPC services for solar power plants are provided. |
Detailed competitors of Solar Town
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.
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Solar Town (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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Frequently Asked Questions about Solar Town
Solar Town was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Solar Town is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
The primary company behind Solar Town, Solartown Energy Solutions Private Limited, reported revenue of ₹5.30 Cr for FY 2016, up 333% year on year.
Solar Town operates with a B2B model, focusing on working in the energy sector, promoting renewable energy, solar solutions, and epc services. Delivers solar solutions and EPC services for energy projects. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Solar Town's top competitors include Fourth Partner Energy, Mahindra Susten and Sterling And Wilson.
Solar Town has 1 investor. Key investors include GREX.
Solar Town operates through Solartown Energy Solutions Private Limited.
The legal entities of Solar Town currently have 2 directors, including Kuttuva Dhanush Nagarajan, Vikram Dileepan.