About SunSource Energy
SunSource Energy is an Energy & Utilities company based in Noida (India) founded in 2010, and was acquired by SHV Energy in May 2021. Solar IPP and EPC services are provided for CI clients. SunSource Energy has raised $7.54 million across 2 funding rounds from investors including Neev Fund and SHV Energy. The company has 155 employees. SunSource Energy was last valued at $39.47 million in February 2018. Its chief executive, as recorded, is Santanu Guha. Its Indian entity Sunsource Energy Private Limited reported revenue of ₹59.63 Cr. SunSource Energy offers products and services including Open Access Solar and Solar Projects. Its focus areas include Energy, Solar Energy, Solar-as-a-service and Full-end Services. Its competitors include Avaada Group, Greenko Group and Azure Power; 3 of its 3 listed competitors have raised funding.
Company details
SunSource Energy was founded in 2010 in Noida, India, within the renewable energy sector. End-to-end solar project development and EPC services are offered, encompassing engineering, procurement, construction, financial analysis, capital support, and asset management. Solar-based energy and storage solutions are tailored for commercial, industrial, and institutional clients across operations in India.
- Headquarters Noida, India
- Employees 155
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website sunsource-energy.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by SHV Energy (May 2021)
- Legal Name Sunsource Energy Pvt. Ltd.
- Date of Incorporation 18 Jan, 2010
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹59.63 Cr
FY 2023 · -14% YoY
- Net Loss-₹103 Cr
FY 2023 · -204% margin
- EBITDA-₹47.88 Cr
FY 2023 · -95% margin
- Total Equity Funding$7.54M (USD)
in 2 rounds
- Latest Funding Round$931.77K (USD), Series A
Jan 2021
- InvestorsNeev Fund
& 1 more
- Employee Count155
- Acquired bySHV Energy
(May 2021)
Associated legal entities of SunSource Energy
SunSource Energy is associated with 3 registered companies on The Company Check; the primary company is Sunsource Energy Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sunsource Energy Private Limited CIN U74900UP2010PTC039281 | Active | 18 Jan 2010 | Noida, Uttar Pradesh | ₹59.6 Cr | 155 | 9 | View details |
| Jyotikiran Energy Bhilwara Private Limited CIN U74999UP2018PTC101121 | Active | 19 Feb 2018 | Noida, Uttar Pradesh | ₹11.0 Cr | 1 | 2 | View details |
| Lone Cypress Ventures Private Limited CIN U74999UP2016PTC087882 | Active | 23 Nov 2016 | Noida, Uttar Pradesh | ₹23.9 Cr | 1 | 3 | View details |
Products & Services of SunSource Energy
SunSource Energy offers a comprehensive portfolio of products and services, including Open Access Solar and Solar Projects.
Provides solar power through open access for industrial clients
Develops and commissions solar projects for various sectors
Apps and channels of SunSource Energy
its YouTube channel SunSource Energy has 153 subscribers and 30 videos.
Videos from SunSource Energy
The most watched videos on SunSource Energy's YouTube channel, SunSource Energy (153 subscribers). Click a video to play it here.
More on SunSource Energy.
Funding Insights of SunSource Energy
SunSource Energy has successfully raised a total of $7.54M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $931.77 thousand completed in January 2021. 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 $7.54M
- Total Rounds 2
- Last Round Series A — $931,765
- First Round $6.61M
(Feb 2018)
- Investors Count 1
All 2 funding rounds of SunSource Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Feb 2018 | $39.47M | •••••••• |
Last known valuation $39.47M (Feb 2018). 2 investors in total: 2 institutional.
Investors in SunSource Energy
SunSource Energy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Neev Fund and SHV Energy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on multiple sectors | 2015 | neevfund.com | Mumbai, India | |
Distributes decentralized energy solutions including LPG, LNG, and sustainable fuels worldwide. | 1897 | shvenergy.com | Hoofddorp, Netherlands |
Investor details for SunSource Energy
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Board of directors of Sunsource Energy Private Limited (SunSource Energy)
Sunsource Energy Private Limited is the primary company behind SunSource Energy. The boards of the 3 registered companies of SunSource Energy currently have 8 directors; the longest-serving is Ajay Kumar, appointed in 2021. 40 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Kumar DIN 00833469 | Director | 28 May 2021 | 5 yrs 5 mo | Sunsource Energy Private Limited |
| Georgina Jessica Silvia Debenham DIN 09827102 | Director | 25 Jan 2023 | 3 yrs 9 mo | Sunsource Energy Private Limited |
| Steven Lizy L Sels DIN 08498733 | Director | 24 Nov 2023 | 2 yrs 11 mo | Sunsource Energy Private Limited |
| Santanu Subinoy Guha DIN 08482808 | CEO | 15 Feb 2024 | 2 yrs 8 mo | Sunsource Energy Private Limited, Lone Cypress Ventures Private Limited |
| Nishant Shukla DIN 10435376 | Nominee Director | 05 Jul 2024 | 2 yrs 3 mo | Jyotikiran Energy Bhilwara Private Limited |
| Patrick Johannes Arnoldus Van Der Voort DIN 10818979 | Additional Director | 13 Nov 2024 | 1 yr 11 mo | Sunsource Energy Private Limited |
| Tarun Kumar DIN 10886008 | CFO | 01 Jan 2025 | 1 yr 9 mo | Sunsource Energy Private Limited |
| Vivek Agarwal DIN 06677232 | Nominee Director | 17 Jan 2025 | 1 yr 9 mo | Lone Cypress Ventures Private Limited |
People of SunSource Energy
2 people are tracked at SunSource Energy (2 in leadership); the tracked headcount is 155.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership | |
| Director | Leadership |
Complete people profiles for SunSource Energy
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Financials of SunSource Energy
Figures of Sunsource Energy Private Limited, the primary company behind SunSource Energy, for FY 2023. Revenue was ₹59.63 Cr (-14% year on year). Net loss was -₹103 Cr (-204% margin). EBITDA was -₹47.88 Cr (-95% margin).
- ₹59.63 CrRevenue · FY 2023 · -14% YoY
- -₹103 CrNet loss · -204% margin
- -₹47.88 CrEBITDA · -95% margin
- ₹2.64 CrPaid-up capital
- 155Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Sunsource Energy Private Limited are on its company page.
Detailed financial statements for SunSource Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of SunSource Energy
5 dated milestones of SunSource Energy across 11 years, from founding to its latest funding, stage changes and deals.
- Founded SunSource Energy is founded.
- Funding First funding round of $6.6M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $932K.
- Exit Acquired by SHV Energy.
Competitors of SunSource Energy
SunSource Energy has 3 listed competitors in our database, 3 of them funded. They include Avaada Group, Greenko Group and Azure Power.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avaada.com | 2009 | Delhi, India | $879.45M | 2,935 | Renewable energy projects in solar, wind, and storage are developed. | |
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| azurepower.com | 2008 | Delhi, India | $174.06M | 902 | Provider of independent power producer in the utility scale renewable energy |
Detailed competitors of SunSource Energy
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- Full competitor set
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Web traffic of SunSource Energy
The website of SunSource Energy (sunsource-energy.com) receives about 5.9K visits a month.
- Monthly visits5.9K
▲ 364% vs previous month
Websites whose visitors overlap most with SunSource Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zodiacenergy.com | 100% | 6.3K | #3,264,667 | View details | |
| fourthpartner.co | 99% | 9K | #2,157,898 | View details | |
| mahindrasusten.com | 98% | 2.9K | #6,000,369 | View details | |
| orbenergy.com | 98% | 6.9K | #2,988,873 | View details | |
| sunsourceproducts.com | 88% | 2.9K | #5,797,245 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 23 similar websites and full traffic analytics for SunSource Energy
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- 23 similar websites
- Audience overlap
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- Traffic by brand
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 SunSource Energy (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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Related news about Sunsource Energy
Complete news archive for SunSource Energy
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Frequently Asked Questions about SunSource Energy
SunSource Energy was founded in 2010 and raised its 1st funding round 8 years after it was founded.
SunSource Energy is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Santanu Guha is the CEO of SunSource Energy, as recorded in our data.
SunSource Energy is a funded company, having raised a total of $7.54M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.61M, raised on Feb 2018.
SunSource Energy has 155 employees.
The primary company behind SunSource Energy, Sunsource Energy Private Limited, reported revenue of ₹59.63 Cr for FY 2023, down 14% year on year.
SunSource Energy was founded in 2010 in Noida, India, within the renewable energy sector. End-to-end solar project development and EPC services are offered, encompassing engineering, procurement, construction, financial analysis, capital support, and asset management. Solar-based energy and storage solutions are tailored for commercial, industrial, and institutional clients across operations in India.
SunSource Energy's top competitors include Avaada Group, Azure Power and Greenko Group.
SunSource Energy offers Open Access Solar and Solar Projects.
SunSource Energy has 2 investors. Key investors include Neev Fund, and SHV Energy.
The valuation of SunSource Energy is $39.47M as of Feb 2018.
SunSource Energy is associated with 3 legal entities: Sunsource Energy Private Limited, Jyotikiran Energy Bhilwara Private Limited, Lone Cypress Ventures Private Limited.