About TPI Composites
TPI Composites is a publicly listed company based in Scottsdale (United States) founded in 1968. Composite wind blades and vehicle structures are manufactured globally. TPI Composites has raised $109.42 million across 11 funding rounds from investors including Bank of America, Capital One and JPMorgan Chase. The company has 11,700 employees. TPI Composites has completed 1 acquisition, including Euros. Its Indian entity Tpi Composites India Private Limited reported revenue of ₹1,780 Cr. TPI Composites offers products and services including Wind Blades, Field Services, and Research and Development. Its focus areas include Energy, Wind Energy, Hardware Developer and Blades.
Company details
TPI Composites was founded in 1968 and is headquartered in Scottsdale, United States. Composite wind blades are produced for wind turbine original equipment manufacturers under long-term supply agreements. Portions of production facilities are dedicated to specific customers in return for purchase commitments. Operations span multiple facilities in the US and international locations. Composite structures for vehicles in the transportation sector are also manufactured.
- Indian entity revenue₹1,780 Cr
FY 2024 · 0% YoY
- Indian entity net profit₹74.48 Cr
FY 2024 · 4% margin
- Indian entity EBITDA₹245 Cr
FY 2024 · 14% margin
- Total Equity Funding$109.42M (USD)
in 11 rounds
- Latest Funding Round$115M (USD), Post-IPO
Feb 2023
- InvestorsBank of America
& 9 more
- Employee Count11,700
- Investments & Acquisitions
Associated legal entities of TPI Composites
TPI Composites operates through Tpi Composites India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tpi Composites India Private Limited CIN U29259TN2020FTC134201 | Active | 03 Feb 2020 | Kancheepuram, Tamil Nadu | ₹1,780 Cr | 865 | 3 | View details |
Products & Services of TPI Composites
TPI Composites offers a comprehensive portfolio of products and services, including Wind Blades, Field Services, and Research and Development.
Components for wind turbines to generate renewable energy
On-site support and inspections for wind energy installations
Processes to improve wind blade technologies and efficiency
Apps and channels of TPI Composites
its YouTube channel TPI Composites has 2.74K subscribers and 30 videos.
Videos from TPI Composites
The most watched videos on TPI Composites's YouTube channel, TPI Composites (2.74K subscribers). Click a video to play it here.
More on TPI Composites.
Funding Insights of TPI Composites
TPI Composites has successfully raised a total of $109.42M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $115 million completed in February 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 $109.42M
- Total Rounds 11
- Last Round Post-IPO — $115M
- First Round $22M
(Oct 2007)
- Investors Count 10
Latest 10 of 11 funding rounds of TPI Composites 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 |
|---|---|---|---|---|---|
| Feb 2023 | $115M | Post-IPO | – | – | – |
| Apr 2018 | $150M | Debt – Conventional | – | – | |
| Dec 2014 | $10M | Series B | – | – | – |
| Jul 2014 | $7.42M | Series B | – | – | – |
| Feb 2014 | $10M | Series B | – | – | – |
| Apr 2011 | $5M | Series B | – | – | – |
| Mar 2011 | $500,000 | Debt – Conventional | – | – | – |
| Jun 2010 | $9M | Series B | – | – | – |
| Nov 2009 | $26M | Series B | – | Element Partners, GE Capital Canada | |
| Jun 2009 | $20M | Series B | – | – |
10 investors in total: 10 institutional.
Investors in TPI Composites
TPI Composites has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Bank of America, Capital One and JPMorgan Chase.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| elementpartners.com | ||||
Diversified private equity and secondary market funds are managed. | 1989 | landmarkpartners.com | Simsbury, United States | |
Live pet air plants are offered for adoption to children. | ngpetp.com | Washington, Dc, United States | ||
Investments are directed toward the US, Asia, and Australia. | angelenogroup.com | Los Angeles, United States | ||
Multiple sectors are invested in by this private equity firm. | gecapital.ca | |||
Financial services are provided to consumers and corporations worldwide. | 2000 | jpmorganchase.com | New York, United States | |
Diverse financial services and online banking are provided to clients. | 1852 | wellsfargo.com | San Francisco, United States | |
Provider of loans, credit cards, and savings services | 1988 | capitalone.com | Mclean, United States | |
Commercial banking and asset management services are offered worldwide. | 1904 | bankofamerica.com | Charlotte, United States | |
Diversified operations are conducted across multiple industries worldwide. | 1892 | ge.com | United States |
Investor details for TPI Composites
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Tpi Composites India Private Limited (TPI Composites)
Tpi Composites India Private Limited is the primary company behind TPI Composites. The board of Tpi Composites India Private Limited currently have 3 directors; the longest-serving is William Eugene Siwek, appointed in 2020. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| William Eugene Siwek DIN 08315185 | Director | 03 Feb 2020 | 6 yrs 8 mo | Tpi Composites India Private Limited |
| Sunil Kumar Srivastava DIN 09473120 | Director | 21 Jan 2022 | 4 yrs 9 mo | Tpi Composites India Private Limited |
| Charles Paul Stroo DIN 10559263 | Director | 23 Apr 2024 | 2 yrs 6 mo | Tpi Composites India Private Limited |
People of TPI Composites
166 people are tracked at TPI Composites (43 in leadership, 9 in board & advisors, 114 in team); the tracked headcount is 11,700.
| Name | Role | Group |
|---|---|---|
Gordon Davis | Sr. Vice President Of Operations | Leadership |
Josh Syhlman | Vice President Of Global Services | Leadership |
Sarah Betterton | Senior Director Of Global Organizational Development | Leadership |
Glenn Thomas | Vice President Global Program Management | Leadership |
Ryan Miller | CFO | Leadership |
Jerry Jiang | TPI Yangzhou Plant General Manager | Leadership |
| President, CEO | Leadership | |
Neil Jones | Chief Quality Officer | Leadership |
Ender Yavuz | Director Of Quality | Leadership |
Todd Smith | Vp, Corporate Controller | Leadership |
Seçi̇l Çeti̇n | Director Global Supplier Quality | Leadership |
Rajaram K | Director - Human Resources India | Leadership |
Sathish Jayaraj | Director Operations | Leadership |
Yıldızfer Altın | VP Of Global Quality | Leadership |
Kyle Riley | Vice President, Financial Planning And Analysis | Leadership |
Tim Lockhart | Director - HR Global Operations | Leadership |
Abhijeet Kumar | Director Of Quality | Leadership |
Colleen J. Ruyter | Vice President, Global Tax | Leadership |
Doug Noblitt | Vice President, Treasurer | Leadership |
Alejandra Santillana | Vice President Human Resources, North America | Leadership |
146 more people are available in the full profile.
Complete people profiles for TPI Composites
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of TPI Composites
TPI Composites is a publicly listed company on the OTC with ticker symbol TPICQ in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date22 Jul 2016
- Listed onNASDAQ: TPIC
- Listed entityTPI Composites, Inc.
- Exchange sectorProducer manufacturing
- ISINUS87266J1043
- Share price$0.01 (+32.38% on the day) · 2026-05-11
- Market capitalisation$677,845.00
- EPS (diluted, trailing year)$-7.23
- Volume (last session)30,078
- Analyst consensusNo rating
Financials of TPI Composites
Figures of Tpi Composites India Private Limited, the primary company behind TPI Composites, for FY 2024. Revenue was ₹1,780 Cr (0% year on year). Net profit was ₹74.48 Cr (4% margin). EBITDA was ₹245 Cr (14% margin). Revenue has grown at a compounded annual rate of +23% over three years.
- ₹1,780 CrRevenue · FY 2024 · 0% YoY
- ₹74.48 CrNet profit · 4% margin
- ₹245 CrEBITDA · 14% margin
- ₹219 CrPaid-up capital
- 865Employees (provident fund records)
- +23%Revenue CAGR, 3 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2024 | $1.33B | -$240.7M | -$50.0M |
| 2023 | $1.43B | -$201.8M | -$55.3M |
| 2022 | $1.52B | -$65.3M | $25.7M |
| 2021 | $1.47B | -$159.6M | -$17.3M |
| 2020 | $1.67B | -$19.0M | $79.3M |
Balance sheet, profit and loss, cash flow and ratios of Tpi Composites India Private Limited are on its company page.
Detailed financial statements for TPI Composites
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by TPI Composites
TPI Composites has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Euros.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Solar and wind energy projects are developed by Euros. | euros.de | Berlin, Germany | 1996 | Jul 2019 | •••• |
Complete acquisition details for TPI Composites
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Verified entity values are shown only after access is granted.
Timeline of TPI Composites
5 dated milestones of TPI Composites across 55 years, from founding to its latest funding, stage changes and deals.
- Founded TPI Composites is founded.
- Funding First funding round of $22.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Euros.
- Funding Latest funding round, Post-IPO, of $115.0M.
Web traffic of TPI Composites
The website of TPI Composites (tpicomposites.com) receives about 7.4K visits a month.
- Monthly visits7.4K
▼ 28.6% vs previous month
Websites whose visitors overlap most with TPI Composites. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ambercomposites.co.uk | ambercomposites.co.uk | 100% | – | ||
rhwhite.com | rhwhite.com | 95% | #7,029,225 | – | |
| rotorooter.com | 95% | 377K | #139,737 | View details | |
| fabricdevelopment.com | 51% | 1.2K | #11,300,874 | View details |
Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as TPI Composites (Renewable & Sustainable Energy) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168.67 M | |||
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | 1,276 | ||
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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Related news about Tpi Composites
Complete news archive for TPI Composites
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Frequently Asked Questions about TPI Composites
TPI Composites was founded in 1968 and raised its 1st funding round 39 years after it was founded.
TPI Composites is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
TPI Composites is a funded company, having raised a total of $109.42M across 11 funding rounds to date. The company's 1st funding round was a Series B of $20M, raised on Oct 2007.
TPI Composites has 11,700 employees.
The primary company behind TPI Composites, Tpi Composites India Private Limited, reported revenue of ₹1,780 Cr for FY 2024, down 0% year on year.
TPI Composites was founded in 1968 and is headquartered in Scottsdale, United States. Composite wind blades are produced for wind turbine original equipment manufacturers under long-term supply agreements. Portions of production facilities are dedicated to specific customers in return for purchase commitments. Operations span multiple facilities in the US and international locations. Composite structures for vehicles in the transportation sector are also manufactured.
TPI Composites offers Wind Blades, Field Services, and Research and Development.
Yes, TPI Composites is publicly traded on OTC under the ticker symbol TPICQ.
TPI Composites has made 1 acquisition, including Euros.
TPI Composites has 10 investors. Key investors include Bank of America, Capital One, JPMorgan Chase, Wells Fargo, and General Electric.
TPI Composites operates through Tpi Composites India Private Limited.
The legal entities of TPI Composites currently have 3 directors, including William Eugene Siwek, Sunil Kumar Srivastava, Charles Paul Stroo.