About Welspun Renewables
Welspun Renewables is a company based in Delhi (India) founded in 1985 was acquired by Tata Power in June 2016. Welspun Renewables has raised $215 million across 4 funding rounds from investors including Asian Development Bank, Tata Power and GE Capital. Welspun Renewables operates in a competitive market with competitors including Acciona Energy, Avaada Group, Greenko Group, Azure Power and Adani Green Energy, among others.
- Headquarter Delhi, India
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Welspun Energy Private Limited
- Date of Incorporation 19 Aug, 2002
- Jurisdiction Kutch, Gujarat, India
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Annual Revenue
$123 M (USD)168.38as on Mar 31, 2015
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Net Profit
$593.17 K (USD)-85.84as on Mar 31, 2015
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EBITDA
$62.11 M (USD)80as on Mar 31, 2015
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Total Equity Funding
$215 M (USD)
in 4 rounds
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Latest Funding Round
$452 M (USD), Debt – Venture
Oct 14, 2015
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Investors
Asian Development Bank
& 2 more
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Employee Count
Employee Count
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Acquired by
Tata Power
(Jun 01, 2016)
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Funding Insights of Welspun Renewables
Welspun Renewables has successfully raised a total of $215M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $452 million completed in October 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 Total Funding
- Total Rounds 4
- Last Round Debt – Venture — $452.0M
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First Round
First Round
(25 Apr 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Private Equity Round - Welspun Renewables | Valuation |
investors |
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| Oct, 2015 | Amount | Debt – Venture - Welspun Renewables | Valuation |
investors |
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| Jun, 2014 | Amount | Private Equity Round - Welspun Renewables | Valuation |
investors |
Investors in Welspun Renewables
Welspun Renewables has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Asian Development Bank, Tata Power and GE Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Advisory services and financial resources are mobilized for development projects.
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Founded Year | Domain | Location | |
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Commercial aircraft and equipment leasing and lending services are provided.
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Founded Year | Domain | Location | |
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Electricity generation, transmission, and distribution services are provided.
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Founded Year | Domain | Location |
Investments & Acquisitions by Welspun Renewables
Financial Statements - Welspun Renewables
Welspun Renewables Comparisons
Competitors of Welspun Renewables
Welspun Renewables operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acciona Energy, Avaada Group, Greenko Group, Azure Power and Adani Green Energy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Renewable energy projects in solar, wind, and storage are developed.
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| domain | founded_year | HQ Location |
Energy transition and decarbonization solutions are provided by Greenko Group.
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| domain | founded_year | HQ Location |
Provider of independent power producer in the utility scale renewable energy
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| domain | founded_year | HQ Location |
Renewable energy power is produced independently by Adani Green Energy.
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| domain | founded_year | HQ Location |
Renewable energy solutions including solar EPC and PPAs are provided.
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Frequently Asked Questions about Welspun Renewables
Welspun Renewables was founded in 1985 and raised its 1st funding round 29 years after it was founded.
Welspun Renewables is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Welspun Renewables is a funded company, having raised a total of $215M across 4 funding rounds to date. The company's 1st funding round was a Private Equity Round of $50M, raised on Apr 25, 2014.
Annual revenue of Welspun Renewables is $123M as on Mar 31, 2015.
Welspun Renewables has commissioned 366 MW of solar and wind power projects. It has projects with a combined capacity of 978 MW under different stages of development all over India. Welspun aims to commission more than 1GW of solar and wind capacity within fiscal 2015 and wants to set up 5 GW of renewable capacity in next few years. The company is planning to raise around INR 10bn through IPO in 2016.
Welspun Renewables's top competitors include Avaada Group, Hero Future Energies and Azure Power.
Welspun Renewables has 3 investors. Key investors include Asian Development Bank, Tata Power, and GE Capital.