Company lists
The Karnataka edition · 2026

Energycompanies in Karnataka

Solar, wind & hydro, power equipment, battery storage, bioenergy and more: the companies building energy in Karnataka, with their founders, funding, team size and business models.

460 company profiles212 with reported revenue19 with recorded fundingSeptember 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent energy business events in Karnataka

Funding, M&A, contract wins and launches involving 544 energy companies in Karnataka, last 24 months: 34 Contracts · 14 M&A deals · 5 funding rounds · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

M&AAcquisition · Completed

Thakral acquires TIL Investments Private Limited (TIL)

Thakral Corporation Ltd (TCL) has completed the acquisition of an additional 81.64% equity stake in TIL Investments Private Limited (TIL) through its wholly-owned subsidiary, Paramount…

Healthcare-led real estate development
ContractSupply

Pace Digitek · client: NEC XON Systems Proprietary Limited

Pace Digitek shares rose ~5% after the company signed an Africa-focused BESS distribution deal with NEC XON Systems Proprietary Limited, giving it market access across five countries and…

Energy Storage
ContractSupply

NEC XON Systems Proprietary Ltd · client: Pace Digitek

Telecom passive infrastructure solutions provider Pace Digitek Ltd on Thursday said it has entered into an Original Equipment Manufacturer exclusivity agreement with NEC XON Systems…

Telecommunications
M&AAcquisition · Announced

GAIL (India) acquires Leafiniti Bioenergy

TruAlt Bioenergy today announced a strategic investment of Rs 13 crore by GAIL (India) in its subsidiary, Leafiniti Bioenergy (LBPL), marking a significant step in advancing its…

Compressed Biogas
M&AAcquisition · Announced

Thakral acquires TIL Investments Private Limited

Thakral Corporation Ltd, via its wholly-owned subsidiary Paramount Investments Pte. Ltd. (PIPL), is acquiring an additional 81.64% stake in TIL Investments Private Limited (TIL).

Investment
ContractTechnology

Delta electronics · client: Prostarm info systems

"Prostarm recebtly awarded contracts for its own BESS projects to Delta Electronics for projects worth 110 MW across India, including projects undertaken by the Bihar State Power…

Energy Storage
ContractInfrastructure

Prostarm info systems · client: Solarium Green Energy

"Maharashtra based Prostarm Info Systems has received a Letter of Award (LOA) as a sub-contractor from Gujarat based Solarium Green Energy to execute the Engineering, Procurement, and…

Solar Energy
ContractSupply

Prostarm info systems · client: Mahagenco

Prostarm Info Systems was granted a project in Maharashtra by the Maharashtra State Power Generation Company Limited (MAHAGENCO).

ContractInfrastructure

Pace Digitek · client: North Western Railway

Pace Digitek Limited has announced the receipt of a significant contract valued at ₹226.42 million, inclusive of GST, from North Western Railway.

Infrastructure
ContractTechnology

Insolare energy · client: Versogen

InSolare Energy Ltd. (IEL) has entered into a technology transfer partnership and strategic collaboration with Versogen, a U.S.-based company focused on Anion Exchange Membrane (AEM)…

Renewable Energy
FundingSeed

E-trnl energy

has led a ₹27.4 crore seed round in e-TRNL Energy, a cleantech startup pioneering next-generation battery cell technology, through its 2nd VC Fund, IAN Alpha Fund.

Investors IAN Alpha Fund, Navam Capital, Speciale invest
Cleantech
ContractTechnology

Versogen · client: Insolare energy

Under the deal, InSolare will license Versogen’s stack IP and know-how, while building up its own materials and design capabilities in India, with Versogen supplying its membrane…

Green hydrogen
ContractService

Central Warehousing Corporation (CWC) · client: Mangalore refinery and petrochemicals

MRPL and CWC have entered into a formal agreement to operationalise the logistics arrangement.

Transportation/Logistics
ContractSupply

Delta Electronics India · client: Prostarm info systems

Delta Electronics India, a leading provider of power management and smart green solutions, today announced an agreement to supply 100 units of its ‘Make-in-India’ 1.1 MW bi-directional…

Energy Storage
ContractSupply

Emmvee · client: Domestic buyer

Emmvee Photovoltaic Power Limited announced that its material and wholly owned subsidiary, Emmvee Energy Private Limited, has executed a major supply agreement with a domestic buyer for…

Solar/Energy
ContractSupply

Ayana renewable power · client: Indian railways

On November 21, 2025, the power generation firm announced that Ayana Renewable Power Private Limited, a wholly owned subsidiary of ONGC NTPC Green Private Limited, has emerged as a…

Energy
Contract

Emmvee Photovoltaic Power · client: Emmvee Energy

Emmvee Photovoltaic Power: The company signs an agreement to grant an unsecured loan of Rs. 1,900 cr to its arm Emmvee Energy for general corporate purposes.

Finance
ContractTechnology

Ravindra energy · client: Maharashtra state electricity distribution

Ravindra Energy Limited has been awarded two contracts by the Maharashtra State Electricity Distribution Company Limited to develop and operate decentralized solar projects capacity…

Renewable Energy
M&AAcquisition · Announced

ONGC-NTPC Green Pvt Ltd acquires Ayana renewable power

ONGC-NTPC Green Pvt Ltd, an equal joint venture between ONGC Green Ltd and NTPC Green Energy Ltd, on Wednesday signed a share purchase agreement (SPA) to acquire Ayana Renewable Power…

ContractSupply

JSW Renew Energy Forty Five Ltd · client: Bangalore electricity supply

JSW Energy on Thursday said its step-down subsidiary JSW Renew Energy Forty Five has inked a power purchase agreement with Bangalore Electricity Supply Company (BESCOM) for a grid…

Solar
ContractService

Engineers india · client: Mangalore refinery and petrochemicals

Mangalore Refinery and Petrochemicals Ltd (MRPL) and Engineers India Ltd (EIL) have signed a memorandum of agreement (MoA) to accelerate growth in refining, petrochemicals, and renewable…

Engineering Consultancy for Refining, Petrochemicals, Renewable Energy
ContractInfrastructure

Integrum Energy · client: Bharat Petroleum

The Letters of Award have been issued to Suzlon Energy Limited for the Madhya Pradesh project and Integrum Energy Infrastructure Limited for the Maharashtra site.

Renewable Energy
FundingAcquisition

Ayana renewable power

The ONGC NTPC Green partnership has also fully acquired Ayana Renewable Power to enhance its renewable production. The total purchase cost was Rs 6248.50 crore.

Investors ONGC NTPC Green partnership
Renewable Energy
M&AAcquisition · Announced

ONGCNTPC Green acquires Ayana renewable power

According to Grant Thornton Bharat’s Dealtracker for Q1 2025, ONGCNTPC Green’s, a JV of ONGC Green and NTPC Green Energy, acquisition of Ayana Renewable Power for around $2.3 billion is…

Renewable Energy
M&AAcquisition · Completed

ONGC NTPC Green (ONGPL) acquires Ayana renewable power

ONGC NTPC Green (ONGPL), a 50:50 Joint Venture Company of NTPC Green Energy and ONGC Green, has completed the acquisition of 100% equity stake in Ayana Renewable Power on 27th March 2025.

Renewable Energy
M&AAcquisition · Completed

ONGC NTPC Green Private Limited (ONGPL) acquires Ayana renewable power

ONGC NTPC Green Private Limited (ONGPL), a 50:50 Joint Venture Company of NTPC Green Energy Limited and ONGC Green Limited, has completed the acquisition of 100% equity stake in Ayana…

Renewable Energy
M&AAcquisition

Oil & Natural Gas Corporation Ltd. (ONGC) acquires Ayana

ONGC's Ayana acquisition is in line with its strategy of mature asset acquisition with land, grid access and PPAs in place, according to Jefferies, who also added that the management is…

M&AAcquisition · Announced

ONGC Green acquires Ayana renewable power

ONGC Green will use the proceeds to acquire of 100% stake of Ayana Renewable Power.

Renewable Energy

Energy companies in Karnataka, by revenue

Browse energy companies in Karnataka by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 212 energy companies in Karnataka that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Supplier of electricity

Energy regulatory & industry bodies
₹26,466.32 crFY 2022-23
Not reported
—Not available
20 yr2006
0none in 3 months

Independent hydel, thermal, solar and wind power producer

Solar energy
₹11,197.14 crFY 2022-23
Not reported
25,000recorded
56 yr1970
—No postings tracked

Provider of paper recycling services

Solar energy
₹5,034.19 crFY 2024-25
-19%2024–2025
59-3% 12 mo to Feb 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Provider of power management and optic fiber laying solutions

Telecom infrastructure
₹2,462.20 crFY 2024-25
+0%2024–2025
512LinkedIn · Jul 2026
19 yr2007
2postings · last posted Sep 2026

Manufacturer of solar photovoltaic modules and solar water heating systems

Solar energy
₹2,360.33 crFY 2024-25
+147%2024–2025
1,090+11% 12 mo to Jul 2023LinkedIn · Jul 2026
34 yr1992
0none in 3 months

Manufacturer of generators and motors

Non- renewable power generation
₹1,016.73 crFY 2023-24
Not reported
572+4% 12 mo to Mar 2023LinkedIn · Jul 2026
25 yr2001
0none in 3 months · last posted Jun 2026

Provider of electrical contracting, fabrication, and construction services

Services for energy efficiency
₹600.17 crFY 2024-25
+12%2024–2025
126LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer of PV junction boxes, solar PV connectors & cables, and complete DC services

Solar energy
₹558.09 crFY 2024-25
+184%2024–2025
156+24% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer and supplier of enclosure systems

It resellers
₹465.36 crFY 2024-25
+17%2024–2025
104LinkedIn · Jul 2026
45 yr1981
0none in 3 months

Provider of renewable energy solutions, including solar, wind, and hydrogen

Solar energy
₹441.45 crFY 2024-25
+170%2024–2025
415+17% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Apr 2026

Manufacturer of power transmission and renewable energy solutions

Electricity transmission & distribution equipment
₹406.46 crFY 2024-25
+92%2024–2025
141LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of a vast array of speciality lubricants

Oil & gas downstream
₹373.91 crFY 2024-25
+12%2024–2025
192LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Manufacturer of solar powered products

Solar energy
₹352.55 crFY 2024-25
+36%2024–2025
—Not available
18 yr2008
0none in 3 months

Provider of solar power solutions for industrial, commercial, and residential sector

Solar energy
₹341.60 crFY 2024-25
+67%2024–2025
76+33% 12 mo to Nov 2023LinkedIn · Jul 2026
16 yr2010
0none in 3 months · last posted Nov 2024

Manufacturer of panels, transformer tanks, cable box, and other fabricated products

Electricity transmission & distribution equipment
₹271.46 crFY 2021-22
Not reported
430+10% 12 mo to Aug 2024recorded Aug 2024
29 yr1997
—No postings tracked

Renewable energy project developer

Wind energy
₹262.23 crFY 2022-23
Not reported
163-2% 12 mo to May 2023recorded May 2023
40 yr1986
—No postings tracked

EPC company with a focus in Wind Energy sector

Wind energy
₹249.58 crFY 2024-25
+88%2024–2025
—Not available
13 yr2013
0none in 3 months

VR Patil Vividh Vidyuth Nirman Pvt. Limited

Electricity transmission & distribution project developer
₹219.15 crFY 2021-22
Not reported
19-27% 12 mo to Sep 2024recorded Sep 2024
41 yr1985
—No postings tracked

Provider of ethanol, ENA, bio gas, and other services

Bioenergy
₹246.38 crFY 2024-25
-25%2024–2025
283+13% 12 mo to Sep 2024recorded Sep 2024
23 yr2003
0none in 3 months

Provider of solar solutions

Solar energy
US$28.72mFY 2024-25
-17%2024–2025
405-2% 12 mo to Aug 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months · last posted Nov 2024

Manufacturer of ethanol products, CO2 gas, and livestock feed by-products

Bioenergy
₹236.08 crFY 2024-25
+21%2024–2025
19LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Largest independent service provider in jet fuel management at airports

Oil & gas downstream services
₹187.04 crFY 2021-22
Not reported
197-2% 12 mo to Sep 2024recorded Sep 2024
20 yr2006
0none in 3 months

Provider of infrastructure services to telecommunications industry

Electricity transmission & distribution project developer
₹204.48 crFY 2024-25
-23%2024–2025
41-12% 12 mo to Sep 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of Engineering Solutions for FPSO/FLNG, Turret Mooring System, TLPs, and Semi Submersibles

Oilfield services
₹189.79 crFY 2024-25
+27%2024–2025
478LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Manufacturer of electrical products

Electricity transmission & distribution equipment
₹184.25 crFY 2024-25
+61%2024–2025
134LinkedIn · Jul 2026
5 yr2021
0none in 3 months
50 of 460 companies shown here · the full list is on Radar
Fliar Radar

Explore all 460 energy companies in Karnataka on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open energy in Karnataka on Radar
  • Every company, not just 50All 460 energy companies in Karnataka, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore energy companies in Karnataka by what you are looking for

Browse energy companies in Karnataka, including solar, wind, battery storage and bioenergy firms. You can also find renewable energy companies, top energy companies and listed energy stocks in Karnataka.

9 ways to explore energy in Karnataka

Solar energy companiesWind & hydro power companiesPower transmission & electrical equipment makersBattery & energy storage companiesBioenergy, biofuel & waste-to-energy companiesEnergy efficiency & energy conservation companies

Solar energy companies

Solar module makers, installers and solar project developers.

  1. KPCL

    Independent hydel, thermal, solar and wind power producer

    Solar energy
    See in list
  2. Emmvee

    Manufacturer of solar photovoltaic modules and solar water heating systems

    Solar energy
    See in list
  3. DhaSh PV Technologies

    Manufacturer of PV junction boxes, solar PV connectors & cables, and complete DC services

    Solar energy
    See in list
  4. InSolare Energy

    Provider of renewable energy solutions, including solar, wind, and hydrogen

    Solar energy
    See in list
  5. ProstarM

    Manufacturer of solar powered products

    Solar energy
    See in list

Wind & hydro power companies

Developers and equipment makers for wind and hydro power.

  1. Enerfra

    EPC company with a focus in Wind Energy sector

    Wind energy
    See in list
  2. BFL

    Small hydro turbine developer

    Hydro power
    See in list
  3. Integrum Energy

    Provider of hybrid renewable energy solutions integrating wind and solar power

    Renewable energy tech
    See in list
  4. Soham Renewable Energy

    Small hydel power plant operator

    Hydro power
    Website
  5. Doddanavar Global Energy

    Developer of wind energy projects

    Wind energy
    Website

Power transmission & electrical equipment makers

Manufacturers of transformers, panels and power distribution equipment.

  1. Advait Group

    Manufacturer of power transmission and renewable energy solutions

    Electricity transmission & distribution equipment
    See in list
  2. MPP Technologies

    Manufacturer of panels, transformer tanks, cable box, and other fabricated products

    Electricity transmission & distribution equipment
    See in list
  3. Legion Energy

    Manufacturer of electrical products

    Electricity transmission & distribution equipment
    See in list
  4. Viji Power Transformers

    Manufacturer of power transformers for the electrical industry

    Electricity transmission & distribution equipment
    See in list
  5. Greenesol power System

    Engineering procurement construction company

    Electricity transmission & distribution project developer
    See in list
89 companies in Karnataka

Battery & energy storage companies

Makers of batteries, UPS systems and energy storage solutions.

  1. Relicell Battery

    Manufacturer of batteries for electric vehicles, UPS, solar, and telecommunications

    Energy storage
    See in list
  2. Maniranjan Group

    Provider of energy solutions with core businesses including diesel generator sales and services, engine oil, and solar EPC projects

    Services for energy storage
    See in list
  3. Gravity India

    Provider of sustainable, dependable, UPS systems & cost-effective power conditioning, HVAC, data center, AV, IOT monitoring products, and Services

    Energy storage
    Website
  4. Sirius

    Manufacturer of battery charger

    Energy storage
    Website
  5. Aaron Batteries

    Manufacturer of batteries

    Energy storage
    Website

Bioenergy, biofuel & waste-to-energy companies

Producers of ethanol, biogas, biodiesel and energy from waste.

  1. SDL Siddapur

    Provider of ethanol, ENA, bio gas, and other services

    Bioenergy
    See in list
  2. Dalvkot Biofuels

    Manufacturer of ethanol products, CO2 gas, and livestock feed by-products

    Bioenergy
    See in list
  3. Leafiniti Bioenergy

    Offering efficient waste-to-energy solutions

    Bioenergy
    Website
  4. Arsta Eco

    Company specializing in converting agricultural residues into biochar, clean energy, and carbon products

    Bioenergy
    Website
  5. SLPP Re

    Developer of biogas project

    Bioenergy
    Website

Energy efficiency & energy conservation companies

LED lighting, energy management and energy saving solutions.

  1. Asian Fab Tec

    Provider of electrical contracting, fabrication, and construction services

    Services for energy efficiency
    See in list
  2. Avni Energy Solutions

    Offer lighting products and solutions

    Energy efficiency
    Website
  3. Canara Lighting

    Lighting equipment and systems manufacturer

    Energy efficiency
    Website
  4. Techno Sphere Engineering

    Brand of LED lights and solar products

    Solar energy
    Website
  5. VAR Enegry & Infra

    Provider of energy engineering and testing services

    Energy efficiency
    Website

Utilities, oil & gas companies

Power utilities, fuel distributors and oilfield service firms.

  1. BECHEM

    Provider of a vast array of speciality lubricants

    Oil & gas downstream
    See in list
  2. IOSL

    Largest independent service provider in jet fuel management at airports

    Oil & gas downstream services
    See in list
  3. Jyothi Gas

    Provider of LPG gas cylinders services

    Oil & gas downstream
    See in list
  4. Eta Engineers

    Company that designs, manufactures, and supplies industrial solutions, including air pollution control systems, ventilation systems, and mechanical equipment

    Oil & gas downstream
    Website
  5. Taurus Powertronics

    Provider of power transmission products and services for the EHV and UHV segments

    Utilities
    Website

Energy startups in Karnataka

Newer energy companies founded in recent years.

  1. Legion Energy

    Manufacturer of electrical products

    Electricity transmission & distribution equipment
    See in list
  2. Integrum Energy

    Provider of hybrid renewable energy solutions integrating wind and solar power

    Renewable energy tech
    See in list
  3. NeoGreen Power

    Provider of renewable energy project development, management, and related services

    Solar energy
    See in list
  4. Elecroom

    Manufacturer of cables and switchgear to appliances, fans, conduits, switches, lighting, and accessories

    Electricity transmission & distribution equipment
    Website
  5. Vayu Shakti Renewable Energy

    Provider of advanced solutions for improved turbine reliability and operator safety, catering to the renewable energy sector

    Wind energy
    Website
47 companies in Karnataka

Energy companies hiring in Karnataka

Energy companies with open jobs.

  1. Balaji Malts

    Provider of paper recycling services

    Solar energy
    See in list
  2. Pace Digitek

    Provider of power management and optic fiber laying solutions

    Telecom infrastructure
    See in list
  3. T D Power Systems

    Manufacturer of generators and motors

    Non- renewable power generation
    See in list
  4. InSolare Energy

    Provider of renewable energy solutions, including solar, wind, and hydrogen

    Solar energy
    See in list
  5. BECHEM

    Provider of a vast array of speciality lubricants

    Oil & gas downstream
    See in list
20 companies in Karnataka
Mobile reach

Top 10 energy apps from Karnataka

The most-installed Android apps published by energy companies headquartered in Karnataka — 19K installs between them. 12 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
4

Tecell - EV Charging

by Tecell

Installs1K
Rating—
Last updatedMay 2026
View on Google Play ↗
Tecell - EV Charging screenshot 1Tecell - EV Charging screenshot 2Tecell - EV Charging screenshot 3Tecell - EV Charging screenshot 4Tecell - EV Charging screenshot 5Tecell - EV Charging screenshot 6
9

SOG-CB App

by BECHEM

Installs130
Rating—
Last updatedMay 2026
View on Google Play ↗
SOG-CB App screenshot 1SOG-CB App screenshot 2SOG-CB App screenshot 3
The business behind the activity

Energy financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 191 energy companies in Karnataka for FY24-25 — 238 of the 460 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 84% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹66,542.93 cr

191 companies filing accounts

combined net profit−₹3,793.03 cr

-5.7% aggregate margin

are profitable76%

145 of 191 companies

median revenue~₹11.8 cr

the typical company

median revenue growth+16%

into FY24-25

earned by the top five84%

revenue concentration

Six-year view

Combined revenue of filing companies

₹37,554.66 crFY19-20173 filers
₹33,797.80 crFY20-21184 filers
₹41,594.85 crFY21-22198 filers
₹51,905.69 crFY22-23201 filers
₹52,948.04 crFY23-24194 filers
₹66,542.93 crFY24-25191 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 169 companies over three years

+29%
FY22-23₹40,099.59 cr−₹1,401.48 cr net
FY23-24₹52,140.56 cr−₹3,069.49 cr net
FY24-25₹51,742.23 cr−₹4,340.48 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr3631% profitable
₹1–10 cr5684% profitable
₹10–100 cr6488% profitable
₹100–1,000 cr3090% profitable
Over ₹1,000 cr580% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking56
0–20%42
20–50%44
50–100%12
Doubled+27

181 companies with accounts for both years; median growth +16%.

Profitability

Profit is concentrated at the top

145profitable
46loss-making
-5.7%aggregate margin
2.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
USEIPLUNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED+687%₹18.58 cr
DynalektricDYNALEKTRIC EQUIPMENT PRIVATE LIMITED+378%₹43.51 cr
POM Systems & ServicesPOM SYSTEMS AND SERVICES PRIVATE LIMITED+286%₹25.63 cr
DhaSh PV TechnologiesDHASH PV TECHNOLOGIES LIMITED+184%₹557.70 cr
SharavathySHARAVATHY CONDUCTORS PRIVATE LIMITED
InSolare EnergyINSOLARE ENERGY LIMITED+166%₹434.19 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
USEIPLUNITED SUSTAINABLE ENERGY INDIA PRIVATE LIMITED97.3%₹18.58 cr
GreenergyGREENERGY WIND CORPORATION PRIVATE LIMITED44.3%₹35.36 cr
Atria PowerATRIA POWER CORPORATION PRIVATE LIMITED40.5%
Doddanavar Global EnergyDODDANAVAR GLOBAL ENERGY PRIVATE LIMITED
MPP TechnologiesMPP TECHNOLOGIES PRIVATE LIMITED19.0%₹588.34 cr
R.S. GroupRSA TURBOTECH PRIVATE LIMITED16.6%₹31.90 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy90₹24,335.13 cr~₹7.8 cr77%4.1%
Electricity transmission & distribution equipment23₹2,235.31 cr~₹41.4 cr91%8.4%
Electricity transmission & distribution project developer6₹532.13 cr~₹93.0 cr100%6.5%
Wind energy7₹338.39 cr~₹18.6 cr71%14.4%
Energy storage13₹337.68 cr~₹10.0 cr62%-7.2%
Energy efficiency11₹270.60 cr~₹17.8 cr64%0.5%
Leaders

Largest energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
BESCOMBANGALORE ELECTRICITY SUPPLY COMPANY LIMITED₹33,048.24 cr−₹5,476.14 cr-16.6%-3%
KPCLKARNATAKA POWER CORPORATION LIMITED₹14,509.67 cr₹563.40 cr3.9%—
Balaji MaltsBALAJI MALTS PRIVATE LIMITED₹4,395.83 cr₹80.69 cr1.8%-27%
Pace DigitekPACE DIGITEK LIMITED₹2,309.32 cr₹233.33 cr10.1%-1%
EmmveeEMMVEE PHOTOVOLTAIC POWER LIMITED₹1,792.57 cr₹161.92 cr9.0%+44%
Asian Fab TecASIAN FAB TEC LIMITED₹600.17 cr₹41.03 cr6.8%+12%
MPP TechnologiesMPP TECHNOLOGIES PRIVATE LIMITED₹588.34 cr₹111.91 cr19.0%+26%
DhaSh PV TechnologiesDHASH PV TECHNOLOGIES LIMITED₹557.70 cr₹82.01 cr14.7%+184%
Kirloskar ElectricKIRLOSKAR ELECTRIC COMPANY LIMITED₹550.75 cr₹17.24 cr
Schneider Electric President SystemsSCHNEIDER ELECTRIC PRESIDENT SYSTEMS LIMITED₹465.36 cr₹48.03 cr10.3%+17%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Energy Industry Landscape of India

The financials above are one chapter. The full energy landscape of Karnataka maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the energy landscape of Karnataka
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Energy funding and M&A across India

545 recorded equity rounds have gone to 6,577 energy companies in India — how much, at which stage, into which sub-sectors, from whom, and how Karnataka compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months23

US$796.81m

equity rounds, last 24 months71

US$1.47bn

raised over five yearsUS$5.37bn

219 rounds in India

M&A deals, Karnataka14

last 24 months

Capital by year

Equity funding into energy in India

amount rounds
$998m201829
$1.3bn201919
$443m202016
$668m202130
$1.3bn202234
$1.1bn202338
$984m202463
$900m202540
$406m202614

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2022, with US$1.31bn across 34 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$102.98m26 rounds · median US$326k
SeedUS$142.06m82 rounds · median US$407k
Series AUS$430.28m42 rounds · median US$4.54m
Series BUS$717.57m25 rounds · median US$13.32m
Series CUS$601.70m16 rounds · median US$35.61m
Series D+US$2.17bn20 rounds · median US$58.75m
Private equityUS$1.20bn8 rounds · median US$100.00m
Where the money went · five years

Most-funded sub-sectors

Solar energyUS$3.38bn122 rounds · 64 companies
Wind energyUS$771.24m11 rounds · 4 companies
Renewable energy techUS$661.80m5 rounds · 3 companies
Electricity transmission & distribution equipmentUS$125.84m4 rounds · 4 companies
Diversified consumer electronics brandsUS$62.00m1 rounds · 1 companies
Hydro powerUS$57.58m2 rounds · 2 companies
Alternative lendingUS$54.61m4 rounds · 1 companies
Corporate activity · last 24 months

M&A in Karnataka

14Acquisition

Most active acquirers

  1. ONGC NTPC Green Private Limited (ONGPL)8
  2. Thakral2
  3. GAIL (India)1
  4. ONGCNTPC Green1
  5. Oil & Natural Gas Corporation Ltd. (ONGC)1

Most acquired or merged

  1. Ayana renewable power9
  2. TIL Investments Private Limited (TIL)1
  3. Leafiniti Bioenergy1
  4. TIL Investments Private Limited1
  5. Ayana1

Each deal appears in the events strip at the top of the page.

Go deeper in the energy landscape reports:

Energy Industry Landscape of India

Energy funding in Karnataka

19 energy companies in Karnataka have recorded equity funding, US$117.19m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Karnataka

Meet the people behind energy companies in Karnataka. 145 of 460 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Karnataka energy companies by sub-sector

The most common specialisations among energy companies in Karnataka. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring energy in India and nearby markets.

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