About Virtuous Energy
Virtuous Energy is an Energy & Utilities company based in Delhi (India) founded in 2010. It develops solar energy projects, including design, installation, and operations. It operates on a B2B model. Its Indian entity Virtuous Energy Private Limited reported revenue of ₹3.82 Cr. Its focus areas include Energy, Renewable Energy, Solar Projects and Design and Installation. Similar companies include Freyr Energy, Fourth Partner Energy and Sterling And Wilson; 3 of its 3 listed similar companies have raised funding.
Company details
Virtuous Energy develops solar energy projects, including design, installation, and operations, focusing on working in the energy sector, promoting renewable energy, solar projects, and design and installation. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Delhi, India
- SectorsEnergy & Utilities
- Website virtuousenergy.com
- Legal Name Virtuous Energy Private Limited
- Date of Incorporation 20 May, 2010
- Jurisdiction Delhi, India
- Annual Revenue₹3.82 Cr
FY 2024 · -4% YoY
- Net Profit₹24.7 Lakh
FY 2024 · 6% margin
- EBITDA₹11.1 Lakh
FY 2024 · 3% margin
Associated legal entities of Virtuous Energy
Virtuous Energy is associated with 3 registered companies on The Company Check; the primary company is Virtuous Energy Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Virtuous Energy Private Limited CIN U40101DL2010PTC202936 | Active | 20 May 2010 | Delhi, Delhi | ₹3.8 Cr | 43 | 3 | View details |
| Essel Infraprojects Limited CIN U74999MH1987PLC044006 | Under Cirp | 07 Jul 1987 | Mumbai, Maharashtra | ₹16.0 Cr | 6 | 6 | View details |
| Smart Power Grid Limited CIN U40300DL2016PLC292264 | Active | 08 Mar 2016 | Delhi, Delhi | ₹0.0 Cr | 3 | 3 | View details |
Board of directors of Virtuous Energy Private Limited (Virtuous Energy)
Virtuous Energy Private Limited is the primary company behind Virtuous Energy. The boards of the 3 registered companies of Virtuous Energy currently have 11 directors; the longest-serving is Chaudhari Anjali Atmaram, appointed in 2010. 78 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chaudhari Anjali Atmaram DIN 02949328 | Director | 20 May 2010 | 16 yrs 5 mo | Virtuous Energy Private Limited |
| Bharat Atmaram Chaudhari DIN 03217339 | Managing Director | 01 Sep 2010 | 16 yrs 2 mo | Virtuous Energy Private Limited |
| Abhinav Bharat Chaudhari DIN 08216344 | Director | 29 Sep 2018 | 8 yrs 1 mo | Virtuous Energy Private Limited |
| Sundeep Kumar Rai DIN 08661593 | Whole-time director | 08 Jan 2020 | 6 yrs 10 mo | Essel Infraprojects Limited |
| Pooja Ramesh Singh DIN 08692412 | Director | 11 Feb 2020 | 6 yrs 9 mo | Essel Infraprojects Limited |
| Amit Kumar Vyas DIN 08273205 | Director | 01 May 2021 | 5 yrs 6 mo | Essel Infraprojects Limited |
| Mansha DIN 09247690 | Director | 31 Jul 2021 | 5 yrs 3 mo | Smart Power Grid Limited |
| Kairav Anil Trivedi DIN 07893708 | IRP/RP/Liquidator | 11 Apr 2023 | 3 yrs 7 mo | Essel Infraprojects Limited |
| Bikramjit Singh DIN 09691355 | Director | 28 Feb 2024 | 2 yrs 8 mo | Smart Power Grid Limited |
| Ankur Kumar DIN 09240363 | Director | 01 Apr 2024 | 2 yrs 7 mo | Smart Power Grid Limited |
| Hemant Jitendrarai Mehta DIN 02647068 | IRP/RP/Liquidator | 16 Dec 2024 | 1 yr 10 mo | Essel Infraprojects Limited |
Financials of Virtuous Energy
Figures of Virtuous Energy Private Limited, the primary company behind Virtuous Energy, for FY 2024. Revenue was ₹3.82 Cr (-4% year on year). Net profit was ₹24.7 Lakh (6% margin). EBITDA was ₹11.1 Lakh (3% margin). Revenue has grown at a compounded annual rate of +43% over three years and -3% over five years.
- ₹3.82 CrRevenue · FY 2024 · -4% YoY
- ₹24.7 LakhNet profit · 6% margin
- ₹11.1 LakhEBITDA · 3% margin
- ₹1 LakhPaid-up capital
- 43Employees (provident fund records)
- +43%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Virtuous Energy Private Limited are on its company page.
Detailed financial statements for Virtuous Energy
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Similar companies to Virtuous Energy
Virtuous Energy has 3 listed similar companies in our database, 3 of them funded. They include Freyr Energy, Fourth Partner Energy and Sterling And Wilson.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| freyrenergy.com | 2014 | Hyderabad, India | $13.23M | 370 | Solar energy projects are developed for residential and commercial applications. | |
| fourthpartner.co | 2010 | Hyderabad, India | $564.02M | 425 | On-grid and off-grid solar solutions and products are provided. | |
| sterlingandwilson.com | 1927 | Mumbai, India | $50M | 6,013 | EPC and MEP services are provided across diverse sectors. |
Detailed similar companies of Virtuous Energy
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Top companies in Renewable & Sustainable Energy
3 companies that operate in the same segment as Virtuous 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 Virtuous Energy
Virtuous Energy was founded in 2010.
Virtuous Energy is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Virtuous Energy, Virtuous Energy Private Limited, reported revenue of ₹3.82 Cr for FY 2024, down 4% year on year.
Virtuous Energy develops solar energy projects, including design, installation, and operations, focusing on working in the energy sector, promoting renewable energy, solar projects, and design and installation. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Virtuous Energy's top competitors include Fourth Partner Energy, Freyr Energy and Sterling And Wilson.
Virtuous Energy is associated with 3 legal entities: Virtuous Energy Private Limited, Smart Power Grid Limited, Essel Infraprojects Limited.
The legal entities of Virtuous Energy currently have 12 directors, including Mansha, Ankur Kumar, Bikramjit Singh and others.