About Tata Power Renewable Energy
Tata Power Renewable Energy is a company based in Mumbai (India) founded in 2007.. Tata Power Renewable Energy has raised $766.16 million across 2 funding rounds from investors including BlackRock, Mubadala and GreenForest New Energies Bidco. The company has 476 employees as of April 05, 2024. Tata Power Renewable Energy offers products and services including Solar Energy, Wind Energy, EZ CHARGE, and Microgrids. Tata Power Renewable Energy operates in a competitive market with competitors including Acciona Energy, Avaada Group, Greenko Group, Azure Power and Adani Green Energy, among others.
- Headquarter Mumbai, India
- Employees 476 as on 05 Apr, 2024
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tata Power Renewable Energy Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.02 B (USD)192.26as on Mar 31, 2023
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Net Profit
$87.76 M (USD)21.34as on Mar 31, 2023
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EBITDA
$350.65 M (USD)22.31as on Mar 31, 2023
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Total Equity Funding
$766.16 M (USD)
in 2 rounds
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Latest Funding Round
$241.9 M (USD), Series D
Mar 01, 2023
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Investors
BlackRock
& 2 more
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Employee Count
476
as on Apr 05, 2024
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Products & Services of Tata Power Renewable Energy
Tata Power Renewable Energy offers a comprehensive portfolio of products and services, including Solar Energy, Wind Energy, EZ CHARGE, and Microgrids. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers solar power solutions for residential and commercial use.
Provides wind power generation for large-scale projects.
Delivers electric vehicle charging infrastructure services.
Supplies decentralized energy grids for reliable power.
Funding Insights of Tata Power Renewable Energy
Tata Power Renewable Energy has successfully raised a total of $766.16M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $241.9 million completed in March 2023. 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 2
- Last Round Series D — $241.9M
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First Round
First Round
(14 Apr 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series D - Tata Power Renewable Energy | Valuation |
investors |
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| Apr, 2022 | Amount | Series D - Tata Power Renewable Energy | Valuation | Mubadala , BlackRock |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tata Power Renewable Energy
Tata Power Renewable Energy has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include BlackRock, Mubadala and GreenForest New Energies Bidco. 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 |
|---|---|---|---|---|
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Solar energy projects are developed by GreenForest New Energies Bidco.
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Founded Year | Domain | Location | |
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Sovereign wealth fund of United Arab Emirates
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Founded Year | Domain | Location | |
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Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tata Power Renewable Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tata Power Renewable Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tata Power Renewable Energy Comparisons
Competitors of Tata Power Renewable Energy
Tata Power Renewable Energy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acciona Energy, Avaada Group, Greenko Group, Azure Power and Adani Green Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Renewable energy projects in solar, wind, and storage are developed.
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| domain | founded_year | HQ Location |
Energy transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Provider of independent power producer in the utility scale renewable energy
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| domain | founded_year | HQ Location |
Renewable energy power is produced independently by Adani Green Energy.
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| domain | founded_year | HQ Location |
Renewable energy solutions including solar EPC and PPAs are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tata Power Renewable Energy
Frequently Asked Questions about Tata Power Renewable Energy
When was Tata Power Renewable Energy founded?
Tata Power Renewable Energy was founded in 2007 and raised its 1st funding round 15 years after it was founded.
Where is Tata Power Renewable Energy located?
Tata Power Renewable Energy is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Tata Power Renewable Energy?
Ashwinikumar Patil is the current CEO of Tata Power Renewable Energy.
Is Tata Power Renewable Energy a funded company?
Tata Power Renewable Energy is a funded company, having raised a total of $766.16M across 2 funding rounds to date. The company's 1st funding round was a Series D of $524.25M, raised on Apr 14, 2022.
How many employees does Tata Power Renewable Energy have?
As of Apr 05, 2024, the latest employee count at Tata Power Renewable Energy is 476.
What is the annual revenue of Tata Power Renewable Energy?
Annual revenue of Tata Power Renewable Energy is $1.02B as on Mar 31, 2023.
What does Tata Power Renewable Energy do?
Tata Power Renewable Energy was founded in 2007 and is headquartered in Mumbai, India. Operations are centered on the renewable energy sector, where solar and wind power plants are developed and electricity is generated. Services include project development, plant construction, and energy production, with a focus on sustainable power solutions across India. The company contributes to the national grid through its renewable assets.
Who are the top competitors of Tata Power Renewable Energy?
Tata Power Renewable Energy's top competitors include Avaada Group, Hero Future Energies and Azure Power.
What products or services does Tata Power Renewable Energy offer?
Tata Power Renewable Energy offers Solar Energy, Wind Energy, EZ CHARGE, and Microgrids.
Who are Tata Power Renewable Energy's investors?
Tata Power Renewable Energy has 3 investors. Key investors include BlackRock, Mubadala, and GreenForest New Energies Bidco.