About Thrive Solar Energy
Thrive Solar Energy was an Energy & Utilities company based in Hyderabad (India). Installs and manufactures solar energy solutions to promote sustainable power in rural communities. It operates on a B2B model. The company has 63 employees. Its Indian entity Thrive Solar Energy Private Limited reported revenue of ₹2.99 Cr. The company is recorded as dissolved. Its focus areas include Energy, Renewable Energy, Solar Power and Installation and Manufacturing. Similar companies include Goldi Solar, Su-Kam Power Systems and Emmvee; 1 of its 3 listed similar companies has raised funding.
Company details
Thrive Solar Energy installs and manufactures solar energy solutions to promote sustainable power in rural communities through working in the energy sector, promoting renewable energy, solar power, and installation and manufacturing. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
- Headquarters Hyderabad, India
- Employees 63
- SectorsEnergy & Utilities
- Website thriveenergy.co.in
- Social X Facebook
- Legal Name Thrive Solar Energy Private Limited
- Date of Incorporation 24 Feb, 2007
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹2.99 Cr
FY 2018 · -92% YoY
- Net Loss-₹9.91 Cr
FY 2018 · -331% margin
- EBITDA-₹9.18 Cr
FY 2018 · -307% margin
- Employee Count63
Associated legal entities of Thrive Solar Energy
Thrive Solar Energy operates through Thrive Solar Energy Private Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Thrive Solar Energy Private Limited CIN U72200TG2007PTC052954 | Under Liquidation | 24 Feb 2007 | Hyderabad, Telangana | ₹3.0 Cr | 63 | 2 | View details |
Board of directors of Thrive Solar Energy Private Limited (Thrive Solar Energy)
Thrive Solar Energy Private Limited is the primary company behind Thrive Solar Energy. The board of Thrive Solar Energy Private Limited currently have 2 directors; the longest-serving is Ranganayakulu Bodavala, appointed in 2007. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ranganayakulu Bodavala DIN 00495414 | Managing Director | 24 Feb 2007 | 19 yrs 8 mo | Thrive Solar Energy Private Limited |
| Banda Lal Korra DIN 06604642 | Director | 08 Jun 2018 | 8 yrs 4 mo | Thrive Solar Energy Private Limited |
Financials of Thrive Solar Energy
Figures of Thrive Solar Energy Private Limited, the primary company behind Thrive Solar Energy, for FY 2018. Revenue was ₹2.99 Cr (-92% year on year). Net loss was -₹9.91 Cr (-331% margin). EBITDA was -₹9.18 Cr (-307% margin). Revenue has grown at a compounded annual rate of -64% over three years.
- ₹2.99 CrRevenue · FY 2018 · -92% YoY
- -₹9.91 CrNet loss · -331% margin
- -₹9.18 CrEBITDA · -307% margin
- ₹1.18 CrPaid-up capital
- 63Employees (provident fund records)
- -64%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Thrive Solar Energy Private Limited are on its company page.
Detailed financial statements for Thrive Solar Energy
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- Financial ratios
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Similar companies to Thrive Solar Energy
Thrive Solar Energy has 3 listed similar companies in our database, 1 of them funded. They include Goldi Solar, Su-Kam Power Systems and Emmvee.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| goldisolar.com | 2011 | Surat, India | $230.96M | 1,583 | Manufacturer of solar PV modules | |
| su-kam.com | 1988 | Gurugram, India | 288 | Solar panels and power storage products are manufactured. | ||
| emmvee.com | 1992 | Bengaluru, India | 530 | Manufactures solar panels, water heaters, and turnkey solutions for renewable energy. |
Detailed similar companies of Thrive Solar Energy
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Thrive Solar 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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Frequently Asked Questions about Thrive Solar Energy
Thrive Solar Energy is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Thrive Solar Energy has 63 employees.
The primary company behind Thrive Solar Energy, Thrive Solar Energy Private Limited, reported revenue of ₹2.99 Cr for FY 2018, down 92% year on year.
Thrive Solar Energy installs and manufactures solar energy solutions to promote sustainable power in rural communities through working in the energy sector, promoting renewable energy, solar power, and installation and manufacturing. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field.
Thrive Solar Energy's top competitors include Goldi Solar, Su-Kam Power Systems and Emmvee.
Thrive Solar Energy operates through Thrive Solar Energy Private Limited.
The legal entities of Thrive Solar Energy currently have 2 directors, including Banda Lal Korra, Ranganayakulu Bodavala.