About Sterlite Power
Sterlite Power is a company based in Mumbai (India) founded in 2010.. 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.
- Headquarter Mumbai, India
-
Sectors
Energy & Utilities
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
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
$167.58 M (USD)
in 7 rounds
-
Latest Funding Round
$85.44 M (USD), Private Equity Round
Dec 16, 2024
-
Investors
L & T Finance Holdings
& 8 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
MTCIL
& 2 more
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
Unlock access to complete
Leadership Team
47 people
Software Development Team
26 people
Human Resources and Administration
24 people
Sales and Marketing
19 people
Project Team
15 people
Manager Team
13 people
Product Management Team
8 people
Head Team
7 people
Unlock access to complete
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 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 Total Funding
- Total Rounds 7
- Last Round Private Equity Round — $85.4M
-
First Round
First Round
(01 Jun 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Private Equity Round - Sterlite Power | Valuation |
investors |
|
| Mar, 2022 | Amount | Debt – Conventional - Sterlite Power | Valuation |
investors |
|
| Jun, 2021 | Amount | Debt – Conventional - Sterlite Power | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investment in Indian capital markets and initiatives in asset management and renewable energy.
|
Founded Year | Domain | Location | |
|
Clean energy infrastructure investments are managed by the fund.
|
Founded Year | Domain | Location | |
|
Acquisitions and buyouts are targeted by the private equity firm.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Power transmission services are delivered through dedicated infrastructure networks.
|
2023 | ||||
|
Transmission and communication infrastructure is developed in Maharashtra.
|
2012 | ||||
|
Telecommunication infrastructure services are provided in Mumbai, India.
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Sterlite Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sterlite Power Comparisons
Competitors of Sterlite Power
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sterlite Power
Frequently Asked Questions about Sterlite Power
When was Sterlite Power founded?
Sterlite Power was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is Sterlite Power located?
Sterlite Power is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Sterlite Power a funded company?
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 Debt – Conventional of $79.06M, raised on Jun 01, 2014.
What is the annual revenue of Sterlite Power?
Annual revenue of Sterlite Power is $603.94M as on Mar 31, 2024.
What does Sterlite Power do?
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.
How many acquisitions has Sterlite Power made?
Sterlite Power has made 3 acquisitions, including MTCIL, Maharashtra Transmission Communication Infrastructure, and Neemrana II Kotputli Transmission.
Who are Sterlite Power's investors?
Sterlite Power has 9 investors. Key investors include L & T Finance Holdings, IndusInd Bank, Tata Capital, Power Finance Corporation India, and Affirma Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.