Company lists
The Kerala edition · 2026

Energycompanies in Kerala

Solar, power equipment, energy efficiency, batteries, bioenergy and more: the companies building energy in Kerala, with their founders, funding, team size and business models.

147 company profiles42 with reported revenue1 with recorded fundingOctober 2026 edition
Kerala · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent energy business events in India

Funding, M&A, contract wins and launches involving 6,577 energy companies in India, last 24 months: 1475 Contracts · 321 M&A deals · 133 funding rounds · 17 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Adani energy solutions acquires Intellismart

Adani Group's Adani Energy Solutions (AESL) has announced its 100% acquisition of IntelliSmart Infrastructure Private Limited, playing a big stake in India's smart metering sector. The…

Smart metering
M&AAcquisition · Announced

Adani energy solutions acquires IntelliSmart Infrastructure

Adani Energy Solutions (AESL) has signed a binding securities purchase and subscription agreement to acquire 100% of the equity in smart metering company IntelliSmart Infrastructure.

Smart Metering
ContractInfrastructure

Bharat heavy electricals · client: Meja Urja Nigam

Shares of state-owned Bharat Heavy Electricals Limited went up by over 2 per cent on Friday after the engineering major secured an order worth over Rs 21,000 crore from Meja Urja Nigam…

Power
ContractInfrastructure

Bhel · client: Meja Urja Nigam

BHEL announced it has bagged an order worth Rs 21,000 crore for the development of a thermal power plant in Uttar Pradesh, awarded by Meja Urja Nigam Private (MUNPL).

Energy
ContractSupply

Bharat heavy electricals · client: Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise

Bharat Heavy Electricals Limited (BHEL) signed a contract on 2 June 2026 with Dangote Petroleum Refinery & Petrochemicals Free Zone Enterprise in Nigeria for a refinery and petrochemical…

Energy
M&AAcquisition · Announced

AM Green acquires Assam Bio Refinery

This divestment strategy coincides with AM Green's plans to acquire Fortum Oyj's and Chempolis Oy's 50% stake in their joint venture, Assam Bio Refinery Pvt Ltd, along with the Finnish…

Biotechnology
M&AAcquisition · Completed

Life insurance corporation of india acquires NHPC

Life Insurance Corporation of India (LIC) has increased its holding in state-owned hydropower major NHPC Ltd by acquiring a 0.76 per cent stake through open market transactions on June…

Hydropower
ContractService

BigTrunk Communications · client: Velvex

BigTrunk Communications has added another marquee account to its roster, securing the national digital and social media mandate for Velvex, the lubricant brand owned by Nandan Petrochem…

Advertising
ContractTechnology

Sharika enterprises · client: Uttarakhand Power Corporation (UPCL)

Sharika Enterprises, a power sector and smart infrastructure solution company, has secured a key subcontract for the deployment of an Advanced Distribution Management System (ADMS) under…

Power distribution
ContractSupply

Ganesh Green Bharat · client: NTPC Renewable Energy

Ganesh Green Bharat Ltd bagged a 1,000 MWh Battery Energy Storage System (BESS) engineering, procurement, and construction (EPC) contract from NTPC Renewable Energy Ltd (NTPC REL).

Renewable energy
ContractService

BigTrunk Communications · client: Nandan Petrochem

BigTrunk Communications, an independent integrated advertising agency known for its data-driven and creative approach, has secured the national digital and social media mandate for…

Advertising
ContractInfrastructure

Bajel Projects · client: Datacenter Client

Bajel Projects has received a mega EPC contract from Datacenter Client (Mumbai) for design, engineering, procurement, supply, erection, testing, commissioning and performance testing of…

Infrastructure
ContractService

Power mech projects · client: Adani Infrastructure Management Services Limited

Power Mech Projects Limited has secured a new order worth ₹266.26 crore from Adani Infrastructure Management Services Limited for operations and maintenance services at a thermal power…

Power
FundingQualified Institutional Placement (QIP)

Acme solar

Acme Solar aims to raise up to ₹2,800 crore through the QIP. The issue comprises a base size of ₹2,600 crore, along with a greenshoe option of ₹200 crore.

Investors Na
ContractSupply

DEE Development Engineers · client: Bharat Petroleum

The contracts include a INR 386.83 crore order from Bharat Petroleum Corporation (BPCL) for the manufacturing and supply of piping systems

Energy
ContractSupply

Sharika enterprises · client: East india udyog

Smart grid firm Sharika Enterprises Limited has secured a ₹24.90 crore subcontract from East India Udyog Limited for UPCL's Ganga Corridor project.

Power
ContractSupply

United drilling tools · client: Shivganga Drillers

United Drilling Tools has secured a domestic order worth around Rs 16.62 lakh from Shivganga Drillers. The order is for the supply of Stabilizer(s) used in Oil and Gas Industry in the…

Oil and Gas
M&AAcquisition · Announced

Aditya birla group acquires Sprng energy

According to sources to Manicontrol, after collecting binding bids, Aditya Birla Group, led by Kumar Mangalum Birla, has taken the lead in the race to buy Indian Renewable Energy…

Renewable Energy
ContractSupply

Transrail lighting · client: Na

Transrail Lighting, a leading engineering, procurement and construction (EPC) company, has secured fresh orders worth ₹575 crore, further strengthening its presence across the…

Infrastructure
ContractSupply

Hirschvogel Components · client: Hinduja renewables

Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and…

Renewable energy
ContractSupply

Hoganäs India Private Limited · client: Hinduja renewables

Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and…

Renewable energy
ContractSupply

Saatvik Green Energy · client: Domestic independent power producer

Saatvik Green Energy Limited today announced that it has received and accepted an order aggregating to ₹171.45 crore for a domestic independent power producer.

Clean energy / solar
M&AAcquisition · Completed

Power grid corporation of india acquires TUMKUR II RE Transmission Limited

Power Finance Corporation Limited completed the transfer of its wholly owned subsidiary, TUMKUR II RE Transmission Limited, to Power Grid Corporation of India Limited on May 29, 2026,…

Transmission
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
M&AAcquisition · Completed

Man industries acquires National

India-based MAN Industries has completed the acquisition of 100pct equity stake in Saudi Arabia's National Pipe Company Limited (NPC) through its wholly owned Saudi subsidiary Man…

Manufacturing
M&AAcquisition · Pending

Dalmia Bharat Refractories acquires Dalmia

The company is also in talks to acquire Dalmia Magnesite Corporation, pending regulatory approval.

Refractory Industry
M&AAcquisition · Completed

Birla Mutual Fund acquires Adani energy solutions

Qatar Holding LLC, a Qatari investment authority affiliated to the Qatari Investment Authority, sold 48.05 lakh shares of Adani Energy Solutions in a big deal on the open market on…

Energy
M&AAcquisition · Announced

Adani power acquires Jaiprakash power ventures

Adani Power Ltd has also expanded its energy portfolio by acquiring JAL's power assets. This includes a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and a 180 MW thermal power plant…

Power
M&AAcquisition · Announced

Adani power acquires JP Power (Jay Prakash Power Ventures Limited)

Adani Power has announced on Thursday that it has made definitive agreements with Jay Prakash Associates Limited (JP Associates). The agreement is to acquire a 24 per cent stake in JP…

Power
M&AAcquisition · Completed

Man industries acquires Npc

This acquisition represents a strategic move for Man Industries, as NPC possesses a robust balance sheet with cash and liquid assets amounting to USD 83 million.

Energy companies in Kerala, by revenue

Browse energy companies in Kerala by reported revenue, one-year revenue growth, revenue model, age and stage. The 42 companies below are the largest by their most recent reported revenue among 42 energy companies in Kerala 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 42

Power utility company responsible for the transmission, distribution, and supply of electricity, providing services to residential, commercial, and industrial consumers

Utilities
₹22,682.80 crFY 2024-25
+4%2024–2025
3,110LinkedIn · Oct 2026
15 yr2011
0none in 3 months

Indoor and outdoor LED lights manufacturer for domestic & commercial buildings

Energy efficiency
₹485.37 crFY 2024-25
+10%2024–2025
165+88% 12 mo to Sep 2024LinkedIn · Oct 2026
12 yr2014
0none in 3 months

Provider of range of products and services including on-grid and off-grid solar systems, with a focus on sustainable energy solutions

Solar energy
₹155.12 crFY 2024-25
+137%2024–2025
—Not available
21 yr2005
0none in 3 months

ESSAY PETROLEUM

Oilfield services
₹81.97 crFY 2024-25
-7%2024–2025
6LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of electricity supply services

Utilities
₹52.99 crFY 2021-22
Not reported
—Not available
18 yr2008
—No postings tracked

Provider of solar panels, lights, water heaters, grid systems, and inverters

Solar energy
₹58.90 crFY 2024-25
+113%2024–2025
1LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of carbon

Electricity transmission & distribution equipment
₹48.15 crFY 2022-23
Not reported
—Not available
6 yr2020
—No postings tracked

Provider of solar energy services and products

Solar energy
₹43.15 crFY 2024-25
+180%2024–2025
36LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Developer of solar energy projects

Solar energy
₹38.40 crFY 2024-25
-10%2024–2025
—Not available
14 yr2012
0none in 3 months

Offers and installs solar products

Solar energy
₹32.79 crFY 2024-25
+26%2024–2025
38LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Manufacturer of power transformers and control devices

Electricity transmission & distribution equipment
₹28.72 crFY 2024-25
+7%2024–2025
27LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of transformers, switchgears, metering panels, and other products

Electricity transmission & distribution equipment
₹20.62 crFY 2021-22
Not reported
39-7% 12 mo to Sep 2024recorded Sep 2024
35 yr1991
—No postings tracked

Provider of solar energy solutions for residential and commercial applications

Solar energy
₹22.00 crFY 2024-25
+28%2024–2025
—Not available
13 yr2013
0none in 3 months

Distributor of solar panels, inverters, batteries, cables, and related solar energy equipment

Solar energy
₹18.54 crFY 2023-24
+200%2023–2024
—Not available
8 yr2018
0none in 3 months

Developers of floating solar power projects

Solar energy
₹15.49 crFY 2024-25
+53%2024–2025
34+0% vs previous recordLinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of power solutions, including generators, UPS systems, batteries, and filters

Electricity transmission & distribution equipment
₹14.26 crFY 2024-25
+8%2024–2025
75-9% 12 mo to Sep 2024LinkedIn · Jul 2026
28 yr1998
2postings · last posted Sep 2026

Solar company specializing in harnessing solar energy using the latest technologies

Solar energy
₹13.02 crFY 2024-25
+60%2024–2025
—Not available
14 yr2012
0none in 3 months

Provider of solar panel installation services

Solar energy
₹10.31 crFY 2024-25
+44%2024–2025
6+21% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Manufacturer of solar powered products

Solar energy
₹8.34 crFY 2024-25
Not reported
—Not available
14 yr2012
0none in 3 months

Provider of solar panel installation services

Solar energy
₹8.18 crFY 2024-25
-3%2024–2025
19+4% vs previous recordLinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufactures solar water heaters

Solar energy
₹7.30 crFY 2024-25
+64%2024–2025
3LinkedIn · Jul 2026
27 yr1999
0none in 3 months

Manufacturer of lead acid battery

Energy storage
₹6.51 crFY 2023-24
Not reported
11LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Manufacturer of solar powered charge controllers

Solar energy
₹6.50 crFY 2024-25
+656%2024–2025
29LinkedIn · Jul 2026
11 yr2015
0none in 3 months · last posted Nov 2025

Solar PV power generation

Solar energy
₹6.23 crFY 2024-25
+84%2024–2025
—Not available
20 yr2006
0none in 3 months

Manufacturer of solar powered products

Solar energy
₹4.06 crFY 2024-25
+190%2024–2025
—Not available
13 yr2013
0none in 3 months
42 of 147 companies shown here · the full list is on Radar
Fliar Radar

Explore all 147 energy companies in Kerala on Radar

This page shows the top 42. Radar has the complete, filterable list with contacts and live company signals.

Open energy in Kerala on Radar
  • Every company, not just 50All 147 energy companies in Kerala, 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 Kerala by what you are looking for

Browse top energy companies in Kerala, including solar installers, transformer makers and battery manufacturers. You can also find energy startups in Kerala and companies that are hiring.

8 ways to explore energy in Kerala

Solar energy companies & installersTransformer, switchgear & power equipment makersEnergy efficiency & LED lighting companiesBattery & energy storage companiesBioenergy, biogas & waste-to-energy companiesOil, gas & wind energy companies

Solar energy companies & installers

Solar panel, rooftop and turnkey solar system providers.

  1. Kodco Energy India

    Provider of range of products and services including on-grid and off-grid solar systems, with a focus on sustainable energy solutions

    Solar energy
    See in list
  2. Roze Solar Solutions

    Provider of solar panels, lights, water heaters, grid systems, and inverters

    Solar energy
    See in list
  3. CIAL Infra

    Developer of solar energy projects

    Solar energy
    See in list
  4. WattSun Energy

    Offers and installs solar products

    Solar energy
    See in list
  5. Renergyindia

    Provider of solar energy solutions for residential and commercial applications

    Solar energy
    See in list

Transformer, switchgear & power equipment makers

Manufacturers and contractors of transformers and electrical distribution equipment.

  1. Unicorn Power Solutions

    Provider of power solutions, including generators, UPS systems, batteries, and filters

    Electricity transmission & distribution equipment
    See in list
  2. Kerala Electrical & Allied Engineering

    Kerala Electrical & Allied Engineering Company provides engineering services.

    Electricity transmission & distribution project developer
    Website
  3. Relks Electric Power

    Provider of electrical contracting services and panel board manufacturing solutions

    Electricity transmission & distribution project developer
    Website
  4. national trading company

    National Trading Company offers lighting and electrical power solutions.

    Electricity transmission & distribution equipment
    Website
  5. unitech electrical industries

    UNITECH Electrical Industries is an electrical equipment manufacturing company that designs and manufactures transformers and HT panels.

    Electricity transmission & distribution equipment
    Website
26 companies in Kerala

Energy efficiency & LED lighting companies

Companies offering LED lighting and energy-saving solutions.

  1. Luker

    Indoor and outdoor LED lights manufacturer for domestic & commercial buildings

    Energy efficiency
    See in list
  2. Hardoll

    Supplier of lighting system

    Energy efficiency
    Website
  3. Semilon Technologies

    Solar based solutions and LED lights manufacturer

    Solar energy
    See in list
  4. DIGITAL UTILITIES

    Provider of AI-powered industrial utility performance optimization. This company offers a platform that uses digital twins and machine learning to monitor and optimize the performance of industrial utilities, including pumping systems, HVAC, and cooling towers. The platform derives key performance indicators from energy and temperature data, eliminating the need for extensive instrumentation. It provides predictive maintenance capabilities and facilitates integrated performance management across equipment, systems, and processes, leading to improved energy and water efficiency and extended ass

    Digital twin
    Website
  5. Kattaadi

    Manufacturer of patented vertical axis wind turbines

    Energy efficiency
    Website

Battery & energy storage companies

Manufacturers of batteries, inverters and energy storage systems.

  1. Orion

    Manufacturer of lead acid battery

    Energy storage
    See in list
  2. TEG

    Provider of renewable energies using energy efficiency enhancement

    Services for energy storage
    Website
  3. DHANYA BATTERIES

    Manufacturer of car & inverter batteries

    Energy storage
    See in list
  4. Vydyuthi

    Energy consultancy company focused on creating a sustainable world through energy efficiency and renewable energy solutions

    Services for energy storage
    See in list
  5. Star Enerprises

    Manufacturer of SMF & solar batteries

    Energy storage
    Website

Bioenergy, biogas & waste-to-energy companies

Developers of biogas plants, biofuels and bioenergy systems.

  1. CG Carbon

    Manufacturer of carbon

    Electricity transmission & distribution equipment
    See in list
  2. Synod Bioscience

    Manufacturer of autoclaves for laboratory sterilization and composites processing

    Waste & water management
    Website
  3. Emerald Enterprises

    Provider of online directory services

    Bioenergy
    Website
  4. GJ Eco Power

    Developer of bio energy plants

    Bioenergy
    Website
  5. Pavoor Biogas

    Provider of bio-gas digester systems and services that convert organic waste into biogas, offering portable and concealed models for various applications

    Bioenergy
    Website

Oil, gas & wind energy companies

Oilfield service providers and wind turbine developers.

  1. ESSAY PETROLEUM

    ESSAY PETROLEUM

    Oilfield services
    See in list
  2. Avatar Renewables

    Developer of turbines for wind energy sector

    Wind energy
    Website
  3. Archer Oilfield

    Company providing design, engineering, and project management services to the oil and gas industry

    Oilfield services
    Website
  4. comtrol industries

    ComTrol Industries is a manufacturer of PAGA systems, signaling devices, and accessories for the oil and gas sectors.

    Oil & gas equipment
    Website
  5. smartlogix

    SMARTLogix, a leading provider of petroleum management, inventory and transportation logistics solutions.

    Oil & gas midstream
    Website

Energy startups in Kerala

Newer energy companies founded in recent years.

  1. Narrow Ray Innovations

    Developer of solar power plants

    Solar energy
    See in list
  2. KSEBRS Services

    Provider of solar energy solutions with a focus on innovation and sustainability

    Solar energy
    See in list
  3. GNOWGEN

    Provider of sustainability solutions using technology

    Solar energy
    Website
  4. Electricbuy

    Provider of solar panels, lights, inverters, and cables

    Solar energy
    Website
  5. Futuretech Energy Solutions

    Provider of solar panel installation services

    Solar energy
    Website
13 companies in Kerala

Energy companies hiring in Kerala

Energy companies with open roles right now.

  1. Unicorn Power Solutions

    Provider of power solutions, including generators, UPS systems, batteries, and filters

    Electricity transmission & distribution equipment
    See in list
  2. ASHAPOWER

    Manufacturer of solar powered charge controllers

    Solar energy
    See in list
  3. TeamSustain

    Turnkey solar PV system project developer on a residential and commercial scale

    Solar energy
    See in list
  4. GNOWGEN

    Provider of sustainability solutions using technology

    Solar energy
    Website
  5. bionix engineering

    Bionix Engineering provides trading, contracting and construction services.

    Bioenergy
    Website
6 companies in Kerala
Mobile reach

Top 8 energy apps from Kerala

The most-installed Android apps published by energy companies headquartered in Kerala — 1.5M installs between them. 8 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 8
1

KSEB

by KSEB

Installs1.5M
Rating3.536K ratings
Last updatedDec 2025
View on Google Play ↗
KSEB screenshot 1KSEB screenshot 2KSEB screenshot 3KSEB screenshot 4KSEB screenshot 5KSEB screenshot 6
7

AMSECC Attendance Application

by amsecc

Installs23
Rating—
Last updatedApr 2026
View on Google Play ↗
AMSECC Attendance Application screenshot 1AMSECC Attendance Application screenshot 2AMSECC Attendance Application screenshot 3
The business behind the activity

Energy financials in Kerala

Revenue, profit and growth from the filed annual accounts of 35 energy companies in Kerala for FY24-25 — 53 of the 147 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 72% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹1,229.36 cr

35 companies filing accounts

combined net profit₹69.78 cr

5.7% aggregate margin

are profitable83%

29 of 35 companies

median revenue~₹8.2 cr

the typical company

median revenue growth+22%

into FY24-25

earned by the top five72%

revenue concentration

Six-year view

Combined revenue of filing companies

₹654.03 crFY19-2032 filers
₹572.64 crFY20-2135 filers
₹700.08 crFY21-2236 filers
₹938.30 crFY22-2337 filers
₹1,029.22 crFY23-2441 filers
₹1,229.36 crFY24-2535 filers

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

Like-for-like

The same 30 companies over three years

+59%
FY22-23₹763.49 cr₹48.18 cr net
FY23-24₹982.15 cr₹68.23 cr net
FY24-25₹1,211.95 cr₹72.16 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 cr540% profitable
₹1–10 cr1479% profitable
₹10–100 cr13100% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%9
20–50%6
50–100%6
Doubled+6

34 companies with accounts for both years; median growth +22%.

Profitability

Profit is concentrated at the top

29profitable
6loss-making
5.7%aggregate margin
2.4%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
Virgin Power & EngineeringVIRGIN POWER AND ENGINEERING PRIVATE LIMITED+180%₹43.15 cr
Kodco Energy IndiaKODCO ENERGY INDIA PRIVATE LIMITED+137%₹155.12 cr
Roze Solar SolutionsROZE SOLAR SOLUTIONS PRIVATE LIMITED+113%₹58.90 cr
Recon EnergyRECON ENERGY INDIA PRIVATE LIMITED+60%₹13.02 cr
Vatsaa EnergyVATSAA ENERGY PRIVATE LIMITED+53%₹15.49 cr
TerrapaxXSASHMA GLOBAL PRIVATE LIMITED+44%₹10.31 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
CIAL InfraCIAL INFRASTRUCTURES LIMITED21.2%₹38.40 cr
Vatsaa EnergyVATSAA ENERGY PRIVATE LIMITED18.6%₹15.49 cr
LukerLUKER ELECTRIC TECHNOLOGIES PRIVATE LIMITED8.0%₹485.37 cr
MACPOWERMACPOWER SWITCHGEAR PRIVATE LIMITED6.0%₹28.72 cr
Kodco Energy IndiaKODCO ENERGY INDIA PRIVATE LIMITED5.4%₹155.12 cr
Moopens Energy SolutionsMOOPENS ENERGY SOLUTIONS PRIVATE LIMITED4.3%₹47.03 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy28₹498.67 cr~₹6.4 cr82%4.5%
Leaders

Largest energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
LukerLUKER ELECTRIC TECHNOLOGIES PRIVATE LIMITED₹485.37 cr₹38.90 cr8.0%+10%
Kodco Energy IndiaKODCO ENERGY INDIA PRIVATE LIMITED₹155.12 cr₹8.44 cr5.4%+137%
KINESCOKINESCO POWER AND UTILITIES PRIVATE LIMITED₹102.22 cr₹3.89 cr3.8%+17%
ESSAY PETROLEUMESSAY PETROLEUM INDIA PRIVATE LIMITED₹81.97 cr₹2.15 cr2.6%-7%
Roze Solar SolutionsROZE SOLAR SOLUTIONS PRIVATE LIMITED₹58.90 cr₹97.87 lakh1.7%+113%
Moopens Energy SolutionsMOOPENS ENERGY SOLUTIONS PRIVATE LIMITED₹47.03 cr4.3%-24%
Virgin Power & EngineeringVIRGIN POWER AND ENGINEERING PRIVATE LIMITED₹43.15 cr₹1.27 cr2.9%+180%
CIAL InfraCIAL INFRASTRUCTURES LIMITED₹38.40 cr₹8.15 cr21.2%-10%
WattSun EnergyWATTSUN ENERGY INDIA PRIVATE LIMITED₹32.79 cr₹79.02 lakh2.4%+26%
MACPOWERMACPOWER SWITCHGEAR PRIVATE LIMITED₹28.72 cr₹1.73 cr6.0%+7%
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 Kerala 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 Kerala
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 Kerala compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months18

US$781.34m

equity rounds, last 24 months69

US$1.46bn

raised over five yearsUS$5.37bn

219 rounds in India

M&A deals, India321

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 India

298Acquisition
18Merger
2Takeover

Most active acquirers

  1. Adani group36
  2. Power grid corporation of india17
  3. Waaree energies14
  4. Inox Clean Energy11
  5. Premier energies10

Most acquired or merged

  1. Sprng energy10
  2. Ayana renewable power9
  3. Wind World India7
  4. Castrol india7
  5. Vibrant energy6

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

Founders and momentum in Kerala

Meet the people behind energy companies in Kerala. 30 of 147 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Kerala energy companies by sub-sector

The most common specialisations among energy companies in Kerala. 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.

Coming soon