About The Sparrows Group
The Sparrows Group is a company based in Shoreview (United States) founded in 1975 was acquired by Altrad in March 2022.. The company has 52 employees as of April 05, 2024. The Sparrows Group has completed 1 acquisition, including Altrad Alpha Wind Services. The Sparrows Group offers products and services including Engineering Services and Inspection Services.
- Headquarter Shoreview, United States
- Employees 52 as on 05 Apr, 2024
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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 Sparrows Offshore Services India Private Limited
- Date of Incorporation 10 May, 2010
- Jurisdiction Navi Mumbai, Maharashtra, India
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Annual Revenue
$7.33 M (USD)196.55as on Mar 31, 2023
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Net Profit
$-664.25 K (USD)32.86as on Mar 31, 2023
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EBITDA
$-875.2 K (USD)-184.97as on Mar 31, 2023
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Latest Funding Round
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Investors
Altrad
& 3 more
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Employee Count
52
as on Apr 05, 2024
- Investments & Acquisitions
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Acquired by
Altrad
(Mar 02, 2022)
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Products & Services of The Sparrows Group
The Sparrows Group offers a comprehensive portfolio of products and services, including Engineering Services and Inspection Services. 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.
Specialist engineering services are delivered for equipment in oil and gas operations.
Equipment inspection is performed for industrial and offshore energy markets.
Funding Insights of The Sparrows Group
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Debt – Conventional - The Sparrows Group | Valuation |
investors |
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| Oct, 2012 | Amount | Private Equity Round - The Sparrows Group | Valuation |
investors |
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| Mar, 2008 | Amount | Private Equity Round - The Sparrows Group | Valuation |
investors |
| 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 The Sparrows Group
The Sparrows Group has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Altrad, Epiris and CBPE 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 |
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PE firm investing in the UK
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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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 The Sparrows Group
The Sparrows Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Altrad Alpha Wind Services. 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 |
|---|---|---|---|---|---|
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Specialist technical personnel and services are provided to the wind energy sector by Altrad Alpha.
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Sparrows Group
| 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 |
The Sparrows Group Comparisons
Competitors of The Sparrows Group
| 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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Frequently Asked Questions about The Sparrows Group
When was The Sparrows Group founded?
The Sparrows Group was founded in 1975 and raised its 1st funding round 33 years after it was founded.
Where is The Sparrows Group located?
The Sparrows Group is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
How many employees does The Sparrows Group have?
As of Apr 05, 2024, the latest employee count at The Sparrows Group is 52.
What is the annual revenue of The Sparrows Group?
Annual revenue of The Sparrows Group is $7.33M as on Mar 31, 2023.
What does The Sparrows Group do?
Provider of engineering, inspection, and maintenance services for energy and industrial sectors. It offers services encompassing equipment inspection, maintenance, refurbishment, and specialist mechanical handling. These services are provided to owners and operators of plant and equipment, original equipment manufacturers (OEMs), and entities within the upstream oil and gas sector, including operators, engineering, procurement, and construction (EPC) companies, drillers, and vessel owners. Additionally, it provides services to the renewables sector, supporting onshore and offshore wind turbine OEMs and operators with blade integrity, balance of plant maintenance, and component exchange. The company also offers training programs to develop competence and reduce risk in the energy and industrial markets.
What products or services does The Sparrows Group offer?
The Sparrows Group offers Engineering Services and Inspection Services.
How many acquisitions has The Sparrows Group made?
The Sparrows Group has made 1 acquisition, including Altrad Alpha Wind Services.
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