Company lists
The Madhya Pradesh edition · 2026

Energycompanies in Madhya Pradesh

Energy efficiency, solar, power equipment, wind, batteries and more: the companies building energy in Madhya Pradesh, with their founders, funding, team size and business models.

103 company profiles45 with reported revenue1 with recorded fundingOctober 2026 edition
Madhya Pradesh · 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
ContractTechnology

Sharika enterprises · client: Uttarakhand power corporation limited (upcl)

Awarded under the Uttarakhand Power Corporation Limited's (UPCL) flagship Ganga Corridor power distribution modernization project, Sharika Enterprises will work with East India Udyog…

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 · 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.

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

Energy companies in Madhya Pradesh, by revenue

Browse energy companies in Madhya Pradesh by reported revenue, one-year revenue growth, revenue model, age and stage. The 45 companies below are the largest by their most recent reported revenue among 45 energy companies in Madhya Pradesh 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 45

Provider of power management solutions

Energy regulatory & industry bodies
₹44,323.35 crFY 2021-22
Not reported
—Not available
20 yr2006
—No postings tracked

Provider of climate change consultancy services

Services for energy efficiency
₹1,299.32 crFY 2022-23
Not reported
186+73% 12 mo to Mar 2023LinkedIn · Oct 2026
18 yr2008
—No postings tracked

Manufacturer of steel wire and plastic films

Electricity transmission & distribution equipment
₹629.83 crFY 2024-25
-38%2024–2025
18-7% 12 mo to Mar 2023LinkedIn · Oct 2026
28 yr1998
0none in 3 months

Provider of services to the oil refinery industry, with a focus on oil seed crushing and refining, as well as offering solutions for data encryption and management

Oil & gas downstream services
₹479.70 crFY 2024-25
+24%2024–2025
—Not available
23 yr2003
0none in 3 months

Company providing safe and uninterrupted natural gas supply to domestic, commercial, industrial, and automotive sectors

Oil & gas downstream services
₹358.29 crFY 2021-22
Not reported
208-8% 12 mo to Sep 2024LinkedIn · Oct 2026
20 yr2006
0none in 3 months · last posted Jun 2026

Manufacturer of power, distribution, and inverter duty transformers for various industries

Electricity transmission & distribution equipment
₹362.37 crFY 2024-25
+43%2024–2025
150LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Company that provides integrated drilling services, offering efficient well delivery and targeting solutions to the oil and gas industry

Oil & gas downstream services
₹359.90 crFY 2024-25
+82%2024–2025
—Not available
21 yr2005
0none in 3 months

Provider of transmission project planning and management services

Electricity transmission & distribution project developer
₹230.96 crFY 2024-25
+53%2024–2025
—Not available
19 yr2007
0none in 3 months

Manufacturer of transformers

Electricity transmission & distribution equipment
₹144.13 crFY 2023-24
Not reported
52+48% 12 mo to Sep 2024LinkedIn · Oct 2026
46 yr1980
—No postings tracked

Provider of solar PV modules, inverters, mounting, and accessories

Solar energy
₹146.46 crFY 2024-25
+147%2024–2025
—Not available
12 yr2014
0none in 3 months

Developer of hydro power projects

Hydro power
₹123.06 crFY 2023-24
Not reported
29+12% 12 mo to Jan 2024recorded Jan 2024
35 yr1991
—No postings tracked

Manufacturer of energy-efficient solutions, specializing in solar-powered water pumping systems and other cost-effective power supply solutions

Solar energy
₹103.61 crFY 2024-25
+27%2024–2025
54LinkedIn · Jul 2026
34 yr1992
0none in 3 months · last posted Jul 2026

Provider of electrical and mechanical engineering solutions for diverse industrial applications

Non- renewable power generation
₹91.03 crFY 2024-25
+17%2024–2025
—Not available
4 yr2022
0none in 3 months

Developer of solar energy projects

Solar energy
₹77.40 crFY 2024-25
+10%2024–2025
76LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Manufacturer of power distribution transformers and DPC aluminium wires

Electricity transmission & distribution equipment
₹77.37 crFY 2024-25
+23%2024–2025
13LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Installer of utility-scale solar PV systems

Solar energy
₹52.87 crFY 2023-24
Not reported
238-14% 12 mo to Mar 2024LinkedIn · Oct 2026
47 yr1979
—No postings tracked

Provider of power generation from coal

Non- renewable power generation
₹52.53 crFY 2024-25
+22%2024–2025
17LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Manufacturer and supplier of transformers

Electricity transmission & distribution equipment
₹42.22 crFY 2021-22
Not reported
—Not available
12 yr2014
—No postings tracked

Developer of power transmission and distribution based projects

Electricity transmission & distribution project developer
₹23.56 crFY 2022-23
Not reported
154+5% 12 mo to Jul 2024LinkedIn · Oct 2026
41 yr1985
2postings · last posted Aug 2026

Provider of O&M services for solar power plants

Solar energy
₹23.61 crFY 2024-25
+248%2024–2025
—Not available
6 yr2020
0none in 3 months

Manufacturer of technical plastic sheets of EVA production an extrudable random copolymer

Solar energy
₹21.35 crFY 2024-25
+229%2024–2025
18LinkedIn · Jul 2026
5 yr2021
0none in 3 months

Manufacturer of transformers, offering a range of products including amorphous core type transformers, distribution transformers, and special purpose transformers

Electricity transmission & distribution equipment
₹19.70 crFY 2024-25
+27%2024–2025
—Not available
3 yr2023
0none in 3 months

Trader and wholesaler of silent diesel generators and solar power products.

Solar energy
₹15.67 crFY 2024-25
+45%2024–2025
—Not available
25 yr2001
0none in 3 months

Manfuacturer and distributor of electrical products

Electricity transmission & distribution equipment
₹12.77 crFY 2021-22
Not reported
—Not available
33 yr1993
—No postings tracked

Provider of solar solutions for residential and commercial properties

Solar energy
₹9.89 crFY 2024-25
+193%2024–2025
—Not available
5 yr2021
0none in 3 months
45 of 103 companies shown here · the full list is on Radar
Fliar Radar

Explore all 103 energy companies in Madhya Pradesh on Radar

This page shows the top 45. Radar has the complete, filterable list with contacts and live company signals.

Open energy in Madhya Pradesh on Radar
  • Every company, not just 50All 103 energy companies in Madhya Pradesh, 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.
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Explore energy companies in Madhya Pradesh by what you are looking for

Find top energy companies in Madhya Pradesh, from solar energy companies to transformer makers and biofuel producers. Browse energy startups in Madhya Pradesh, energy efficiency suppliers and energy companies hiring in the state.

9 ways to explore energy in Madhya Pradesh

Energy efficiency & energy saving productsSolar energy companiesTransformer & power distribution equipment makersWind energy companiesBattery & energy storage companiesBiofuel, bioenergy & fuel distribution companies

Energy efficiency & energy saving products

Makers of energy-efficient lighting, fans and air handling equipment.

  1. MP Power Management Company

    Provider of power management solutions

    Energy regulatory & industry bodies
    See in list
  2. EnKing

    Provider of climate change consultancy services

    Services for energy efficiency
    See in list
  3. Vaayu India

    Designer and manufacturer of energy-efficient hybrid air handling units

    Energy efficiency
    See in list
  4. Prudent Systems

    Solar and LED lighting products manufacturer

    Energy efficiency
    See in list
  5. Amrut Nature Solutions

    Provider of carbon credit production services dedicated to providing nature-based solutions to industries

    Services for energy efficiency
    Website

Solar energy companies

Solar panel suppliers, installers and solar power plant developers.

  1. Trade Plus

    Provider of solar PV modules, inverters, mounting, and accessories

    Solar energy
    See in list
  2. Dynamech Electropower

    Manufacturer of energy-efficient solutions, specializing in solar-powered water pumping systems and other cost-effective power supply solutions

    Solar energy
    See in list
  3. Pickrenew Energy

    Developer of solar energy projects

    Solar energy
    See in list
  4. Ujaas

    Installer of utility-scale solar PV systems

    Solar energy
    See in list
  5. Khare Energy

    Provider of O&M services for solar power plants

    Solar energy
    See in list
28 companies in Madhya PradeshAll 1,263 solar energy companies in India →

Transformer & power distribution equipment makers

Manufacturers of transformers, wires and power distribution gear, plus transmission project developers.

  1. Agrawal Power

    Provider of transmission project planning and management services

    Electricity transmission & distribution project developer
    See in list
  2. Star Delta Transformers

    Manufacturer of transformers

    Electricity transmission & distribution equipment
    See in list
  3. Electro-Tech Transmission

    Manufacturer of power distribution transformers and DPC aluminium wires

    Electricity transmission & distribution equipment
    See in list
  4. Aartech Solonics

    Developer of power transmission and distribution based projects

    Electricity transmission & distribution project developer
    See in list
  5. indtools sales & services

    Indtools Sales & Services is a distributor of power transmission, motion control, and automation products to MNC companies.

    Electricity transmission & distribution equipment
    Website
17 companies in Madhya Pradesh

Wind energy companies

Wind turbine makers, wind project developers and consultants.

  1. Sanwaliya Wind Tech

    Provider of wind energy solutions

    Wind energy
    See in list
  2. Consolidated Energy Consultants

    Wind Energy Engineering Consultancy provider

    Wind energy
    See in list
  3. Extol Wind

    Utility scale wind turbine manufacturers

    Wind energy
    See in list
  4. SunCarrier Omega

    Manufactures sun tracking systems

    Solar energy
    Website
  5. Wind Power India

    Provider of wind power consulting and project transaction services

    Wind energy
    Website
7 companies in Madhya PradeshAll 233 wind energy companies in India →

Battery & energy storage companies

Manufacturers of lead acid, lithium and solar batteries.

  1. Jain Batteries

    Manufacturer of VRLA batteries

    Energy storage
    See in list
  2. VigorVolt

    Manufacturer of lead acid & lithium ion batteries

    Energy storage
    See in list
  3. BharatNex

    Company that provides electric vehicle charging solutions, enabling real estate owners, charge point operators, and EV fleet operators to connect and facilitate the adoption of EVs

    Services for energy storage
    See in list
  4. Excel Power Industries

    Manufacturer of solar batteries

    Energy storage
    Website
  5. EZBatteries

    Manufacturer of inverter, tractor, and car batteries

    Energy storage
    Website

Biofuel, bioenergy & fuel distribution companies

Biodiesel and biomass producers, LPG and fuel distributors, oil and gas downstream services.

  1. Idea International

    Provider of services to the oil refinery industry, with a focus on oil seed crushing and refining, as well as offering solutions for data encryption and management

    Oil & gas downstream services
    See in list
  2. Agonline

    Company providing safe and uninterrupted natural gas supply to domestic, commercial, industrial, and automotive sectors

    Oil & gas downstream services
    See in list
  3. Shivganga

    Company that provides integrated drilling services, offering efficient well delivery and targeting solutions to the oil and gas industry

    Oil & gas downstream services
    See in list
  4. Gagan Gases

    LPG distribution company

    Oil & gas downstream
    See in list
  5. Krishi Oils

    Manufacturer of processed linseed oils and biodiesel

    Bioenergy
    See in list
12 companies in Madhya PradeshAll 245 bioenergy companies in India →

Energy startups in Madhya Pradesh

Recently founded energy companies in the state.

  1. Powerlux Industries

    Provider of electrical and mechanical engineering solutions for diverse industrial applications

    Non- renewable power generation
    See in list
  2. Solar-Speciality Films

    Manufacturer of technical plastic sheets of EVA production an extrudable random copolymer

    Solar energy
    See in list
  3. LuxSun Energy

    Provider of solar solutions for residential and commercial properties

    Solar energy
    See in list
  4. Zxsolar Energies

    Provider of rooftop solar panel installation services

    Solar energy
    See in list
  5. BharatNex

    Company that provides electric vehicle charging solutions, enabling real estate owners, charge point operators, and EV fleet operators to connect and facilitate the adoption of EVs

    Services for energy storage
    See in list
18 companies in Madhya Pradesh

Energy companies hiring in Madhya Pradesh

Energy companies in the state with open roles.

  1. Agonline

    Company providing safe and uninterrupted natural gas supply to domestic, commercial, industrial, and automotive sectors

    Oil & gas downstream services
    See in list
  2. Dynamech Electropower

    Manufacturer of energy-efficient solutions, specializing in solar-powered water pumping systems and other cost-effective power supply solutions

    Solar energy
    See in list
  3. Aartech Solonics

    Developer of power transmission and distribution based projects

    Electricity transmission & distribution project developer
    See in list
  4. Surayay Namah Energy

    Provider of solar energy services for residential & commercial

    Solar energy
    See in list
  5. BharatNex

    Company that provides electric vehicle charging solutions, enabling real estate owners, charge point operators, and EV fleet operators to connect and facilitate the adoption of EVs

    Services for energy storage
    See in list
5 companies in Madhya Pradesh

Listed energy companies in Madhya Pradesh

Publicly listed energy companies in the state.

  1. EnKing

    Provider of climate change consultancy services

    Services for energy efficiency
    See in list
  2. D P Wires

    Manufacturer of steel wire and plastic films

    Electricity transmission & distribution equipment
    See in list
  3. Star Delta Transformers

    Manufacturer of transformers

    Electricity transmission & distribution equipment
    See in list
  4. GTV

    Developer of hydro power projects

    Hydro power
    See in list
  5. Ujaas

    Installer of utility-scale solar PV systems

    Solar energy
    See in list
8 companies in Madhya Pradesh
Mobile reach

Top 5 energy apps from Madhya Pradesh

The most-installed Android apps published by energy companies headquartered in Madhya Pradesh — 197K installs between them. 5 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 5
1

My AGL

by Agonline

Installs112K
Rating—
Installs, year on year+17%
Last updatedNov 2025
View on Google Play ↗
My AGL screenshot 1My AGL screenshot 2My AGL screenshot 3My AGL screenshot 4My AGL screenshot 5My AGL screenshot 6
3

Solartrade -B2B for Installers

by Solartrade

Installs18K
Rating—
Last updatedMay 2023
View on Google Play ↗
Solartrade -B2B for Installers screenshot 1Solartrade -B2B for Installers screenshot 2Solartrade -B2B for Installers screenshot 3Solartrade -B2B for Installers screenshot 4
The business behind the activity

Energy financials in Madhya Pradesh

Revenue, profit and growth from the filed annual accounts of 42 energy companies in Madhya Pradesh for FY24-25 — 49 of the 103 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 67% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹3,744.02 cr

42 companies filing accounts

combined net profit₹249.43 cr

6.7% aggregate margin

are profitable81%

34 of 42 companies

median revenue~₹10.6 cr

the typical company

median revenue growth+23%

into FY24-25

earned by the top five67%

revenue concentration

Six-year view

Combined revenue of filing companies

₹32,188.85 crFY19-2032 filers
₹34,639.50 crFY20-2133 filers
₹39,228.25 crFY21-2237 filers
₹46,853.67 crFY22-2338 filers
₹48,993.36 crFY23-2443 filers
₹3,744.02 crFY24-2542 filers

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

Like-for-like

The same 35 companies over three years

-19%
FY22-23₹4,461.14 cr₹226.31 cr net
FY23-24₹3,522.32 cr₹82.53 cr net
FY24-25₹3,625.44 cr₹246.56 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 cr838% profitable
₹1–10 cr1385% profitable
₹10–100 cr1191% profitable
₹100–1,000 cr10100% 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

Shrinking10
0–20%6
20–50%9
50–100%4
Doubled+9

38 companies with accounts for both years; median growth +23%.

Profitability

Profit is concentrated at the top

34profitable
8loss-making
6.7%aggregate margin
3.3%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
Khare EnergyKHARE ENERGY PRIVATE LIMITED+248%₹23.61 cr
Trade PlusTRADE PLUS RESOURCES AND SOLUTIONS PRIVATE LIMITED+147%₹146.46 cr
ShivgangaSHIVGANGA DRILLERS LIMITED+82%₹359.90 cr
Agrawal PowerAGRAWAL POWER PRIVATE LIMITED+53%₹230.96 cr
Onward EnergiesONWARD ENERGIES PRIVATE LIMITED+45%₹15.67 cr
TransvickTRANSVICK INDUSTRIES PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
UjaasUJAAS ENERGY LIMITED25.8%₹34.36 cr
ShivgangaSHIVGANGA DRILLERS LIMITED17.3%₹359.90 cr
Naveriya GasNAVERIYA GAS PRIVATE LIMITED11.5%₹41.11 cr
Pickrenew EnergyPICKRENEW ENERGY PRIVATE LIMITED10.9%₹77.40 cr
GTVGTV ENGINEERING LIMITED10.7%₹102.95 cr
AgonlineAAVANTIKA GAS LIMITED9.8%₹818.25 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electricity transmission & distribution equipment7₹886.07 cr~₹19.7 cr86%4.2%
Solar energy13₹425.84 cr~₹9.9 cr85%5.4%
Leaders

Largest energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
AgonlineAAVANTIKA GAS LIMITED₹818.25 cr₹80.18 cr9.8%+13%
D P WiresD P WIRES LIMITED₹629.83 cr₹22.20 cr3.5%-38%
Idea InternationalIDEA INTERNATIONAL PRIVATE LIMITED₹479.70 cr₹4.60 cr1.0%+24%
ShivgangaSHIVGANGA DRILLERS LIMITED₹359.90 cr₹62.32 cr17.3%+82%
Agrawal PowerAGRAWAL POWER PRIVATE LIMITED₹230.96 cr₹11.23 cr4.9%+53%
EnKingEKI ENERGY SERVICES LIMITED₹181.54 cr₹15.26 cr8.4%-33%
Trade PlusTRADE PLUS RESOURCES AND SOLUTIONS PRIVATE LIMITED₹146.46 cr₹1.03 cr0.7%+147%
Star Delta TransformersSTAR DELTA TRANSFORMERS LIMITED₹143.21 cr₹10.63 cr7.4%-1%
Dynamech ElectropowerDynamech Electropower Private Limited₹103.61 cr₹5.54 cr5.3%+27%
GTVGTV ENGINEERING LIMITED₹102.95 cr₹11.05 cr10.7%-16%
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 Madhya Pradesh 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 Madhya Pradesh
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 Madhya Pradesh 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 Madhya Pradesh

Meet the people behind energy companies in Madhya Pradesh. 30 of 103 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Madhya Pradesh energy companies by sub-sector

The most common specialisations among energy companies in Madhya Pradesh. 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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