About Ushdev Power
Ushdev Power is an Energy & Utilities company based in Mumbai (India) founded in 2010. IPP in wind sector. Ushdev Power has raised $8.89 million across 1 funding round from investors including Gujarat Venture Finance. Its Indian entity Ultravolt Power Private Limited reported revenue of ₹55.86 Cr. Its focus areas include Energy, Wind Energy, Independent Power Producer and Utility. Its competitors include Avaada Group, Greenko Group and Adani Green Energy; 2 of its 3 listed competitors have raised funding.
Company details
Ushdev Power Holdings Was Established In 2010 In Mumbai, India, Functioning As The Holding Company For Ushdev Power. Wind Farms Totaling 61.75 Mw Operational Capacity Are Maintained In The Wind Energy Sector. A Subsidiary Named Hurricane Windfarms Contributes An Additional 2.55 Mw To The Portfolio. Operations Focus On Independent Power Production Within Indias Renewable Energy Landscape.
- Headquarters Mumbai, India
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website ushdevpower.com
- Legal Name Ultravolt Power Private Limited
- Date of Incorporation 05 Feb, 2010
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹55.86 Cr
FY 2024 · -3% YoY
- Net Loss-₹56.73 Cr
FY 2024 · -102% margin
- EBITDA-₹41.32 Cr
FY 2024 · -74% margin
- Total Equity Funding$8.89M (USD)
in 1 rounds
- Latest Funding Round$8.89M (USD), Series A
Feb 2015
- Investors
Associated legal entities of Ushdev Power
Ushdev Power operates through Ultravolt Power 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 |
|---|---|---|---|---|---|---|---|
| Ultravolt Power Private Limited CIN U40105TN2010PTC090229 | Active | 05 Feb 2010 | Palayamkottai, Tamil Nadu | ₹55.9 Cr | 2 | View details |
Funding Insights of Ushdev Power
Ushdev Power has successfully raised a total of $8.89M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.89 million completed in February 2015. 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 $8.89M
- Total Rounds 1
- Last Round Series A — $8.89M
- First Round $8.89M
(Feb 2015)
- Investors Count 1
All 1 funding rounds of Ushdev Power 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 2015 | $8.89M | Series A | – | Gujarat Venture Finance | – |
1 investors in total: 1 institutional.
Investors in Ushdev Power
Ushdev Power has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Gujarat Venture Finance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are made in Indian startups across multiple sectors. | 1990 | gvfl.com | Ahmedabad, India |
Investor details for Ushdev Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ultravolt Power Private Limited (Ushdev Power)
Ultravolt Power Private Limited is the primary company behind Ushdev Power. The board of Ultravolt Power Private Limited currently have 2 directors; the longest-serving is Prateek Vijay Gupta, appointed in 2010. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Prateek Vijay Gupta DIN 00166108 | Nominee Director | 05 Feb 2010 | 16 yrs 8 mo | Ultravolt Power Private Limited |
| Arvind Prasad DIN 01654899 | Nominee Director | 01 Oct 2013 | 13 yrs 1 mo | Ultravolt Power Private Limited |
Financials of Ushdev Power
Figures of Ultravolt Power Private Limited, the primary company behind Ushdev Power, for FY 2024. Revenue was ₹55.86 Cr (-3% year on year). Net loss was -₹56.73 Cr (-102% margin). EBITDA was -₹41.32 Cr (-74% margin). Revenue has grown at a compounded annual rate of +5% over three years and -1% over five years.
- ₹55.86 CrRevenue · FY 2024 · -3% YoY
- -₹56.73 CrNet loss · -102% margin
- -₹41.32 CrEBITDA · -74% margin
- ₹56.72 CrPaid-up capital
- +5%Revenue CAGR, 3 years
- -1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ultravolt Power Private Limited are on its company page.
Detailed financial statements for Ushdev Power
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Ushdev Power
2 dated milestones of Ushdev Power across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Ushdev Power is founded.
- Funding First funding round of $8.9M.
Competitors of Ushdev Power
Ushdev Power has 3 listed competitors in our database, 2 of them funded. They include Avaada Group, Greenko Group and Adani Green Energy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| avaada.com | 2009 | Delhi, India | $879.45M | 2,935 | Renewable energy projects in solar, wind, and storage are developed. | |
| greenkogroup.com | 2006 | Hyderabad, India | $942.81M | 160 | Energy transition and decarbonization solutions are provided by Greenko Group. | |
| adanigreenenergy.com | 2012 | Ahmedabad, India | 1,112 | Renewable energy power is produced independently by Adani Green Energy. |
Detailed competitors of Ushdev Power
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Ushdev Power (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 Ushdev Power
Ushdev Power was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Ushdev Power is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ushdev Power is a funded company, having raised a total of $8.89M across 1 funding round to date. The company's 1st funding round was a Series A of $8.89M, raised on Feb 2015.
The primary company behind Ushdev Power, Ultravolt Power Private Limited, reported revenue of ₹55.86 Cr for FY 2024, down 3% year on year.
Ushdev Power Holdings Was Established In 2010 In Mumbai, India, Functioning As The Holding Company For Ushdev Power. Wind Farms Totaling 61.75 Mw Operational Capacity Are Maintained In The Wind Energy Sector. A Subsidiary Named Hurricane Windfarms Contributes An Additional 2.55 Mw To The Portfolio. Operations Focus On Independent Power Production Within Indias Renewable Energy Landscape.
Ushdev Power's top competitors include Avaada Group, Adani Green Energy and Greenko Group.
Ushdev Power has 1 investor. Key investors include Gujarat Venture Finance.
Ushdev Power operates through Ultravolt Power Private Limited.
The legal entities of Ushdev Power currently have 2 directors, including Prateek Vijay Gupta, Arvind Prasad.