About Sterlite Power
Sterlite Power is an Energy & Utilities company based in Mumbai (India) founded in 2010. Electricity transmission utility projects are developed in India. Sterlite Power has raised $167.58 million across 7 funding rounds from investors including L & T Finance Holdings, IndusInd Bank and Tata Capital. Sterlite Power has completed 3 acquisitions, including MTCIL, Maharashtra Transmission Communication Infrastructure and Neemrana II Kotputli Transmission. Its focus areas include Energy.
Company details
Sterlite Power was founded in 2010 in Mumbai, India, within the power transmission sector. Electricity transmission infrastructure is developed, encompassing projects such as the Lakadia-Vadodara transmission line, Odisha generation phase, and Green Energy Corridor. Conductor supply is handled alongside extra-high-voltage (EHV) solutions. Electric utility services are provided to support power delivery across regions.
- Headquarters Mumbai, India
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website sterlitepower.com
- Social LinkedIn X
- Annual Revenue$603.94 M (USD)51as on Mar 31, 2024
- Net Profit$27.8 M (USD)25as on Mar 31, 2024
- EBITDA$66.57 M (USD)27as on Mar 31, 2024
- Total Equity Funding$167.58M (USD)
in 7 rounds
- Latest Funding Round$85.44M (USD), Private Equity Round
Dec 2024
- InvestorsL & T Finance Holdings
& 8 more
- Investments & AcquisitionsMTCIL
& 2 more
Funding Insights of Sterlite Power
Sterlite Power has successfully raised a total of $167.58M across 7 strategic funding rounds. The most recent funding activity was a Private Equity Round of $85.44 million completed in December 2024. 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 $167.58M
- Total Rounds 7
- Last Round Private Equity Round — $85.44M
- First Round $82.14M
(Jun 2014)
- Investors Count 9
All 7 funding rounds of Sterlite Power 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 |
|---|---|---|---|---|---|
| Dec 2024 | $85.44M | Private Equity Round | – | – | |
| Mar 2022 | $57.16M | Debt – Conventional | – | – | |
| Jun 2021 | $79.06M | Debt – Conventional | – | – | |
| Jan 2021 | $27.21M | Debt – Conventional | – | – | |
| Oct 2020 | $282.07M | Debt – Conventional | – | – | |
| Mar 2020 | $283.38M | Debt – Conventional | – | – | |
| Jun 2014 | $82.14M | Series C | – | Affirma Capital | – |
9 investors in total: 9 institutional.
Investors in Sterlite Power
Sterlite Power has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include L & T Finance Holdings, IndusInd Bank and Tata Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in Indian capital markets and initiatives in asset management and renewable energy. | 1984 | enam.com | Mumbai, India | |
Clean energy infrastructure investments are managed by the fund. | 2018 | gefcapital.com | Sao Paulo, Brazil | |
Acquisitions and buyouts are targeted by the private equity firm. | 2000 | affirmacapital.com | Singapore, Singapore | |
Diversified non-banking financial services are provided by Tata Capital. | 2007 | tatacapital.com | Mumbai, India | |
Infrastructural financing is provided for development projects in India. | 1969 | recindia.nic.in | Delhi, India | |
Global firm providing investment capabilities in equities, fixed income, and multi-asset strategies. | 2012 | allianzgi.com | Boston, United States | |
Real estate and infrastructure projects are financed by the firm. | 1986 | pfcindia.com | Delhi, India | |
Personal and business banking products and services are provided. | 1994 | indusind.com | Pune, India | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | ltfs.com | Mumbai, India |
Investor details for Sterlite Power
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
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People of Sterlite Power
202 people are tracked at Sterlite Power (91 in leadership, 1 in board & advisors, 110 in team).
| Name | Role | Group |
|---|---|---|
Pratik Pravin Agarwal | Managing Director | Leadership |
Sejal Amlani | Group Head - Organisation Talent Development | Leadership |
Anup Allewar | Corporate QHSE And ESG Chief Manager | Leadership |
Vijay Pachupate | Head -quality (opgw) | Leadership |
Divyanshu Asthana | Head - Human Resources (transmission Business) | Leadership |
Ankit Bhardwaj | Business Head | Leadership |
Kumar Vikrant | Assistant Vice President | Leadership |
Rajesh Suri | Sr. Vice President | Leadership |
Ankitesh Nilay | Chief Manager (cm2) | Leadership |
Sumeet Kapila | VP - Sales & Business Development | Leadership |
R. K. Pradhan | Vertical Head - India | Leadership |
Kamaljeet Kaur | Chief Manager (cm1) | Leadership |
Avadhesh Tripathi | Vice President | Leadership |
Nabo Gopal Roy | Senior Vice President | Leadership |
Neeraj Rao | Assistant Vice President - SAP Transformation | Leadership |
Vibhor Gupta | Head Of Sales - Export Markets (power Cables) | Leadership |
Ishan Shukla | Chief Manager-strategy & Governance | Leadership |
Pradeep S | Chief Manager - QHSE | Leadership |
Jayant Khurana | Chief Manager HRBP Business Enabling Functions EPC Engineering Procurement Construction | Leadership |
Sanjeev Bhatia | Group CFO | Leadership |
182 more people are available in the full profile.
Complete people profiles for Sterlite Power
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
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Investments & Acquisitions by Sterlite Power
Sterlite Power has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MTCIL, Maharashtra Transmission Communication Infrastructure and Neemrana II Kotputli Transmission.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Power transmission services are delivered through dedicated infrastructure networks. | 2023 | Dec 2023 | •••• | |||
Telecommunication infrastructure services are provided in Mumbai, India. | Mumbai, India | 2012 | Apr 2022 | •••• | ||
Transmission and communication infrastructure is developed in Maharashtra. | mtcil.com | Mumbai, India | 2012 | Apr 2022 | •••• |
Complete acquisition details for Sterlite Power
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Complete history
- Exports
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Timeline of Sterlite Power
6 dated milestones of Sterlite Power across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Sterlite Power is founded.
- Funding First funding round of $82.1M.
- Acquisition Acquires MTCIL.
- Acquisition Acquires Maharashtra Transmission Communication Infrastructure.
- Acquisition Acquires Neemrana II Kotputli Transmission.
- Funding Latest funding round, Private Equity Round, of $85.4M.
Web traffic of Sterlite Power
The website of Sterlite Power (sterlitepower.com) receives about 9.6K visits a month.
- Monthly visits9.6K
▼ 4% vs previous month
Websites whose visitors overlap most with Sterlite Power. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| midalcable.com | 100% | 9.8K | #2,416,512 | View details | |
| sterlingandwilsonre.com | 95% | 9.4K | #2,270,836 | View details | |
| jskindia.in | 87% | 2.5K | #5,957,910 | View details | |
tndindia.com | tndindia.com | 87% | #1,601,457 | – | |
| solarquarter.com | 87% | 109.6K | #331,720 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Sterlite Power
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 9 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Power Transmission & Distribution
3 companies that operate in the same segment as Sterlite Power (Power Transmission & Distribution) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Power distribution and secure services in Telangana. | 2014 | Hyderabad, Telangana, India | USD 4.12 B | 16,102 | ||
Single- and three-phase transformers are manufactured in Mumbai. | 1993 | Mumbai, Maharashtra, India | USD 114.37 M | 618 | ||
Electricity is supplied with integrated services for power infrastructure projects. | 2008 | Thane, Maharashtra, India | USD 18.47 M | USD 133.02 M | 1,045 |
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Frequently Asked Questions about Sterlite Power
Sterlite Power was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Sterlite Power is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sterlite Power is a funded company, having raised a total of $167.58M across 7 funding rounds to date. The company's 1st funding round was a Series C of $82.14M, raised on Jun 2014.
Annual revenue of Sterlite Power is $603.94M as on Mar 31, 2024.
Sterlite Power was founded in 2010 in Mumbai, India, within the power transmission sector. Electricity transmission infrastructure is developed, encompassing projects such as the Lakadia-Vadodara transmission line, Odisha generation phase, and Green Energy Corridor. Conductor supply is handled alongside extra-high-voltage (EHV) solutions. Electric utility services are provided to support power delivery across regions.
Sterlite Power has made 3 acquisitions, including MTCIL, Maharashtra Transmission Communication Infrastructure, and Neemrana II Kotputli Transmission.
Sterlite Power has 9 investors. Key investors include L & T Finance Holdings, IndusInd Bank, Tata Capital, Power Finance Corporation India, and Affirma Capital.