About Titan Energy Systems
Titan Energy Systems is an Energy & Utilities company based in Secunderabad (India) founded in 1995 by Shankar Rao Chodagam. Manufacturer of solar energy modules, and solar EPC company. Its focus areas include Energy, Solar Energy, Hardware Developer and Generation Equipment. Its legal entity in India is Titan Consultants And Services Ltd (U31300TG1991PLC012185). Its competitors include Goldi Solar, Su-Kam Power Systems and Emmvee; 1 of its 3 listed competitors has raised funding.
Company details
Titan manufactures crystalline solar modules which have rated output ranging from 20-300W with various voltage ratings. The company exports its solar modules to USA, Europe and other locations. Its customers include Essar, ONGC, BHEL, SCHOTT solar and many more. In Indian markets, Titan provides EPC and turnkey solutions for both on-grid and off-grid solar systems. The company has a manufacturing facility in Hyderabad. Titan energy systems has commissioned a 2MW solar energy plant along with Beck energy, Germany in West Bengal in 2008.
- Headquarters Secunderabad, India
- Founders Shankar Rao Chodagam
- SectorsEnergy & Utilities
- Website titan-energy.com
- Legal Name Titan Consultants And Services Ltd
- Date of Incorporation 08 Jan, 1991
- Jurisdiction Hyderabad, Telangana, India
- Net Loss-₹1.2 Lakh
FY 2018 · 0% margin
- EBITDA-₹1.1 Lakh
FY 2018 · 0% margin
- Latest Funding Round$6.7M (USD), Unspecified
Oct 2010
- Investors
Associated legal entities of Titan Energy Systems
Titan Energy Systems is associated with 2 registered companies on The Company Check; the primary company is Titan Consultants And Services Ltd. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Titan Consultants And Services Ltd CIN U31300TG1991PLC012185 | Active | 08 Jan 1991 | Hyderabad, Telangana | 3 | View details | ||
| Titan Energy Systems Limited CIN U31200TG1995PLC019206 | Dissolved Under Section 54 | 13 Jan 1995 | Telangana, India | ₹0.2 Cr | 4 | View details |
Funding Insights of Titan Energy Systems
- Total Rounds 1
- Last Round Unspecified — $6.7M
- First Round $6.7M
(Oct 2010)
- Investors Count 1
All 1 funding rounds of Titan Energy Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2010 | $6.7M | Unspecified | – | IFCI Venture Capital Funds | – |
1 investors in total: 1 institutional.
Investors in Titan Energy Systems
Titan Energy Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include IFCI Venture Capital Funds.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offers venture capital funds for enterprises, government schemes, and credit operations in India. | 1975 | ifciventure.com | Delhi, India |
Investor details for Titan Energy Systems
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Board of directors of Titan Consultants And Services Ltd (Titan Energy Systems)
Titan Consultants And Services Ltd is the primary company behind Titan Energy Systems. The boards of the 2 registered companies of Titan Energy Systems currently have 5 directors; the longest-serving is Aruna Chodagam, appointed in 1991. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Aruna Chodagam DIN 00408820 | Director | 08 Jan 1991 | 35 yrs 9 mo | Titan Consultants And Services Ltd, Titan Energy Systems Limited |
| Santhi Yogananda Sankara Rao Chodagam DIN 00408828 | Director | 08 Jan 1991 | 35 yrs 9 mo | Titan Consultants And Services Ltd, Titan Energy Systems Limited |
| Chodagam Ravi Kiran DIN 02539555 | Director | 01 Aug 1991 | 35 yrs 2 mo | Titan Consultants And Services Ltd |
| Chodagam Sasidhar DIN 02671282 | Director | 01 Feb 2005 | 21 yrs 8 mo | Titan Energy Systems Limited |
| Chodagam Aravind DIN 06420009 | Director | 19 Mar 2018 | 8 yrs 7 mo | Titan Energy Systems Limited |
People of Titan Energy Systems
1 people are tracked at Titan Energy Systems (1 in leadership).
| Name | Role | Group |
|---|---|---|
Shankar Rao Chodagam | Founder & Owner | Leadership |
Complete people profiles for Titan Energy Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Titan Energy Systems
Figures of Titan Consultants And Services Ltd, the primary company behind Titan Energy Systems, for FY 2018. Net loss was -₹1.2 Lakh (0% margin). EBITDA was -₹1.1 Lakh (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹1.2 LakhNet loss · 0% margin
- -₹1.1 LakhEBITDA · 0% margin
- ₹5 LakhPaid-up capital
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Titan Consultants And Services Ltd are on its company page.
Detailed financial statements for Titan Energy Systems
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Timeline of Titan Energy Systems
2 dated milestones of Titan Energy Systems across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Titan Energy Systems is founded.
- Funding First funding round of $6.7M.
Competitors of Titan Energy Systems
Titan Energy Systems has 3 listed competitors 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 competitors of Titan Energy Systems
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Titan Energy Systems (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 Titan Energy Systems
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Frequently Asked Questions about Titan Energy Systems
Titan Energy Systems was founded in 1995 and raised its 1st funding round 15 years after it was founded.
Titan Energy Systems is headquartered in Secunderabad, India. It is registered at Secunderabad, Telangana, India.
Titan manufactures crystalline solar modules which have rated output ranging from 20-300W with various voltage ratings. The company exports its solar modules to USA, Europe and other locations. Its customers include Essar, ONGC, BHEL, SCHOTT solar and many more. In Indian markets, Titan provides EPC and turnkey solutions for both on-grid and off-grid solar systems. The company has a manufacturing facility in Hyderabad. Titan energy systems has commissioned a 2MW solar energy plant along with Beck energy, Germany in West Bengal in 2008.
Titan Energy Systems's top competitors include Goldi Solar, Su-Kam Power Systems and Emmvee.
Titan Energy Systems has 1 investor. Key investors include IFCI Venture Capital Funds.
Titan Energy Systems is associated with 2 legal entities: Titan Consultants And Services Ltd, Titan Energy Systems Limited.
The legal entities of Titan Energy Systems currently have 5 directors, including Aruna Chodagam, Santhi Yogananda Sankara Rao Chodagam, Chodagam Ravi Kiran and others.