Company lists
The Pune edition · 2026

Energycompanies in Pune

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

295 company profiles139 with reported revenue10 with recorded fundingSeptember 2026 edition
Pune · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent energy business events in Pune

Funding, M&A, contract wins and launches involving 357 energy companies in Pune, last 24 months: 31 Contracts · 23 M&A deals · 1 funding round · 1 Launch. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

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
M&AAcquisition · Announced

Premier energies acquires Ksolare energy

Premier Energies acquired a 51% stake in transformer manufacturer Transcon and inverter producer KSolare Energy. Premier invested INR5 billion (US$56.96 million) in Transcon and INR1.7…

Inverter Production
M&AAcquisition · Completed

Shell Group acquires Sprng energy

Shell Group acquired Sprng as part of a global clean energy pivot for $1.55 billion in 2022.

Renewable Energy
M&AAcquisition · Pending

National Investment and Infrastructure Fund (NIIF) acquires Sprng energy

National Investment and Infrastructure Fund (NIIF) has emerged as the frontrunner to acquire Sprng Energy from Shell for nearly $1.7 billion, said people in the know, as India’s…

Renewable Power / Energy
M&AAcquisition

Thermax acquires Exactspace

Thermax acquired ExactSpace, a specialist in AI-driven industrial IoT solutions.

M&AAcquisition · Completed

Thermax acquires Exactspace Technologies

Thermax has completed the acquisition of additional 35.83% (on a fully diluted basis) stake in Exactspace Technologies (Exactspace). With this, Company's shareholding has increased to…

Energy and environment solutions
M&AAcquisition · Completed

Premier energies acquires Ksolare energy

Its rival Premier Energies Ltd has gone on a similar track to acquire majority stakes in inverters maker Ksolare Energy Pvt Ltd and transformer maker Transcon Industries Ltd in recent…

Inverters
ContractSupply

Suzlon Group · client: Gas Authority of India Ltd (GAIL)

Suzlon Group on Tuesday said it has secured its sixth wind energy project of 100 MW from state-run Gas Authority of India Ltd (GAIL).

Renewable Energy
ContractSupply

Suzlon energy · client: Gail

Suzlon Energy said that this the fourth PSU order that the company has won in financial year 2026, and that the power generated from this project will support the decarbonization of…

Renewable Energy
M&AAcquisition · Announced

Actis LLP acquires Sprng energy

Mumbai: Actis LLP has unexpectedly entered the fray to buy Sprng Energy from Shell, seeking to re-acquire the clean energy platform it had set up and subsequently sold to the Anglo-Dutch…

Renewable Energy
M&AAcquisition · Pending

Aditya birla group acquires Sprng energy

Aditya Birla Group has joined National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp in the race to acquire renewable energy platform Sprng Energy from the UK-headquartered…

Renewable Energy Generation
M&AAcquisition · Pending

National Investment and Infrastructure Fund (NIIF) acquires Sprng energy

Aditya Birla Group has joined National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp in the race to acquire renewable energy platform Sprng Energy from the UK-headquartered…

Renewable Energy Generation
M&AAcquisition · Rumored

Niif acquires Sprng energy

NEW DELHI: India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc.

Renewable Energy
M&AAcquisition · Rumored

Kkr acquires Sprng energy

NEW DELHI: India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc.

Renewable Energy
M&AAcquisition · Completed

Shell Plc acquires Sprng energy

Shell acquired Sprng from global private equity firm Actis for $1.5 billion three years ago.

Renewable Energy
M&AAcquisition · Rumored

SembCorp acquires Sprng energy

NEW DELHI: India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc.

Renewable Energy
M&AAcquisition

Syrma sgs technology acquires Ksolare

Syrma SGS has strengthened its participation in the clean-energy electronics landscape by acquiring Ksolare in partnership with Premier Energies. Under the joint venture agreement,…

Clean Energy Electronics
M&AAcquisition · Announced

Syrma SGS Technology and Premier Energies acquires Ksolare energy

Syrma SGS Technology and Premier Energies have entered into a joint venture to acquire KSolare Energy Pvt. Ltd., a Pune-based manufacturer of solar inverters, for ₹170 crore. As part of…

M&AAcquisition · Announced

Premier Energies Limited and Syrma SGS Technology Limited acquires Ksolare energy

Premier Energies Limited and Syrma SGS Technology Limited have signed definitive agreements to jointly acquire KSolare Energy Private Limited, a prominent Indian solar inverter manufacturer.

Solar Inverter Manufacturing
M&AAcquisition · Announced

Syrma sgs technology acquires Ksolare energy

Syrma SGS Technology Limited announced that its board has approved the acquisition of a 49% equity stake in KSolare Energy Private Limited for Rs 83.3 crore.

Funding

First energy

Thermax Ltd recently invested ₹115 crore in its wholly owned renewable energy arm, First Energy Private Ltd (FEPL), which helps customers transition to green energy and offers…

Investors Thermax
Renewable Energy
ContractSupply

Adani Wind · client: First energy

Among the buyers, Fourth Partner Energy has ordered 165 MW, while First Energy and Opera Energy have each placed orders of 69.3 MW.

Renewable Energy
ContractSupply

KSB Limited · client: Thermax

The export business also recorded notable progress, with a significant boiler feed pump order from Thermax

Power
ContractTechnology

Hydrogenpro · client: Thermax

Thermax has entered into a technology licensing and supply agreement with Norway-based HydrogenPro ASA (HydrogenPro), focusing on alkaline water electrolysis solutions for green hydrogen…

Green hydrogen
ContractSupply

Inox Wind · client: First energy

Shares of Inox Wind Ltd. will be in focus on Wednesday, July 23, after the company announced that it has secured a 51 MW order from First Energy, a Thermax Group company, for a project…

Renewable Energy
ContractTechnology

Compal electronics · client: Kalyani Powertrain

its wholly-owned subsidiary, Kalyani Powertrain, entered into a technology licensing agreement with Taiwan's Compal Electronics to manufacture X86 platform servers in India.

Technology
M&AAcquisition · Announced

A major renewable energy solutions provider acquires Scorpius trackers

Gensol Engineering Limited has signed a non-binding Term Sheet for a ₹350 crore strategic transaction involving the sale of its US subsidiary, Scorpius Trackers Inc., to a major…

Solar tracking technology
M&AAcquisition · Announced

Na acquires Scorpius trackers

Gensol Engineering on Tuesday said it has inked a pact for sale of its US subsidiary Scorpius Trackers Inc for Rs 350 crore to a major renewable energy solutions provider in the US.

Solar Tracking
ContractSupply

Ganesh Green Bharat · client: Kirloskar solar

Ganesh Green Bharat Limited, through its latest regulatory filings with NSE, announced receiving a work order valued at Rs. 57.12 crores from Kirloskar Solar Technologies Private Limited.

Solar Energy

Energy companies in Pune, by revenue

Browse energy companies in Pune 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 139 energy companies in Pune, Maharashtra 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

Wind turbine manufacturer

Wind energy
₹10,993.13 crFY 2024-25
+67%2024–2025
9,559+5% 12 mo to Mar 2024LinkedIn · Jul 2026
31 yr1995
1postings · last posted Jul 2026

Manufacturers of high power electric cables

Electricity transmission & distribution equipment
₹5,068.04 crFY 2024-25
+1%2024–2025
1,909LinkedIn · Jul 2026
11 yr2015
5postings · last posted Sep 2026

Fuel distribution company

Oil & gas downstream
₹3,603.70 crFY 2024-25
+20%2024–2025
250LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of bioethanol and waste water treatment services

Bioenergy
₹3,278.88 crFY 2024-25
-7%2024–2025
2,562+18% 12 mo to Mar 2024LinkedIn · Jul 2026
43 yr1983
3postings · last posted Sep 2026

Provider of industrial gases, technologies, and application expertise

Bioenergy
₹1,655.68 crFY 2024-25
+4%2024–2025
452+29% vs previous recordLinkedIn · Jul 2026
17 yr2009
0none in 3 months

Diversified electronics brand offering multi-category consumer electronics products

Diversified consumer electronics brands
₹1,229.67 crFY 2021-22
-13%2021–2022
1,231+28% 12 mo to Jun 2021LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of energy conservation and automation solutions

Energy efficiency
₹1,139.84 crFY 2022-23
Not reported
1,001recorded
100 yr1926
2postings · last posted Sep 2026

Provider of wind energy infrastructure and investment services

Electricity transmission & distribution project developer
₹861.70 crFY 2024-25
-13%2024–2025
12LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of power infrastructure, renewable energy, railway, data center, and manufacturing

Real estate & infrastructure developers
₹619.09 crFY 2024-25
+50%2024–2025
224LinkedIn · Jul 2026
28 yr1998
1postings · last posted Aug 2026

Manufacturers of bio-ethanol plants, and alcohol plants

Bioenergy
₹585.10 crFY 2022-23
Not reported
280-35% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
0none in 3 months

Solar EPC company

Solar energy
₹522.74 crFY 2024-25
+44%2024–2025
358+29% 12 mo to Jul 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months · last posted Apr 2026

Energy solutions company delivering end-to-end EPC services, equipment manufacturing, and operations & maintenance

Oilfield services
₹449.13 crFY 2024-25
+13%2024–2025
1,132LinkedIn · Jul 2026
25 yr2001
0none in 3 months · last posted Jun 2026

Enpro Industries is a global leader in engineered skids and process equipment

Oil & gas equipment
₹394.19 crFY 2022-23
Not reported
819+14% 12 mo to Aug 2024LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of solar grid-tie inverter & EV charger

Solar energy
₹344.34 crFY 2024-25
+51%2024–2025
126+29% 12 mo to Sep 2024LinkedIn · Jul 2026
14 yr2012
1postings · last posted Jul 2026

Provider of solar planning and designing services

Solar energy
₹271.74 crFY 2024-25
+150%2024–2025
235+24% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jan 2025

Developer of bio-energy projects

Bioenergy
₹260.44 crFY 2024-25
-28%2024–2025
176LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of diesel powered generator sets and power line transmission services

Electricity transmission & distribution project developer
₹205.38 crFY 2021-22
Not reported
171+1% 12 mo to Sep 2024LinkedIn · Jul 2026
59 yr1967
0none in 3 months

Provider of solar water and pumps

Solar energy
₹196.16 crFY 2024-25
+80%2024–2025
141+23% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
1postings · last posted Jul 2026

Provider of biofuel solutions, including trading, consulting, and manufacturing

Bioenergy
₹172.72 crFY 2024-25
+850%2024–2025
—Not available
3 yr2023
0none in 3 months

Manufacturer of fluid control products with experience in making process plants safer and more efficient

Oil & gas equipment
₹141.26 crFY 2021-22
Not reported
251-4% 12 mo to Sep 2024recorded Sep 2024
43 yr1983
—No postings tracked

Manufacturer of switchgears and machined components

Electricity transmission & distribution equipment
₹137.33 crFY 2021-22
Not reported
—Not available
52 yr1974
—No postings tracked

Provider of solar power plants, inverters, and modules with a focus on innovation and customer progress

Solar energy
₹130.29 crFY 2021-22
Not reported
58+16% 12 mo to Sep 2024LinkedIn · Jul 2026
138 yr1888
0none in 3 months

Manufacturer of tubular stationary, thick plate, and solar batteries

Energy storage
₹144.97 crFY 2024-25
+60%2024–2025
32LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Solar products distributor and solutions provider, offering a range of products and services including solar panels, inverters, and consulting services for residential and commercial customers

Solar energy
₹139.97 crFY 2024-25
+7%2024–2025
42LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Designer and manufacturer of AC & DC power sources & supplies

Manufacturing services
₹116.51 crFY 2022-23
Not reported
501+15% 12 mo to Jul 2024LinkedIn · Jul 2026
31 yr1995
0none in 3 months
50 of 295 companies shown here · the full list is on Radar
Fliar Radar

Explore all 295 energy companies in Pune on Radar

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

Open energy in Pune on Radar
  • Every company, not just 50All 295 energy companies in Pune, 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 Pune by what you are looking for

Find top energy companies in Pune, from solar and wind developers to battery makers and oil and gas equipment suppliers. Browse renewable energy companies in Pune, listed energy companies and startups.

9 ways to explore energy in Pune

Solar energy companies & EPC developersPower transmission & electrical equipment companiesBioenergy, biofuel & biogas companiesEnergy efficiency & LED lighting companiesBattery & energy storage companiesWind & hydro power companies

Solar energy companies & EPC developers

Solar panel, inverter and solar project developers.

  1. Enrich Energy

    Solar EPC company

    Solar energy
    See in list
  2. Ksolare Energy

    Manufacturer of solar grid-tie inverter & EV charger

    Solar energy
    See in list
  3. Kalpa Power

    Provider of solar planning and designing services

    Solar energy
    See in list
  4. Skeiron

    Wind power producer and solar project developer

    Solar energy
    Website
  5. Span Pumps

    Provider of solar water and pumps

    Solar energy
    See in list

Power transmission & electrical equipment companies

Makers of cables, switchgear and power distribution equipment, and power project developers.

  1. Sterlite Electric

    Manufacturers of high power electric cables

    Electricity transmission & distribution equipment
    See in list
  2. ShreeTech Data

    Provider of power infrastructure, renewable energy, railway, data center, and manufacturing

    Real estate & infrastructure developers
    See in list
  3. Bnc Power

    Provider of diesel powered generator sets and power line transmission services

    Electricity transmission & distribution project developer
    See in list
  4. Ovi Engineers

    Company specializing in the production of electrical equipment, including LT panels, distribution boards, and cable trays

    Electricity transmission & distribution equipment
    See in list
  5. Perennial Technologies

    Provider of diesel generator rental services and power solutions for various industries

    Non- renewable power generation
    See in list

Bioenergy, biofuel & biogas companies

Bioethanol, biodiesel, biogas and biomass energy companies.

  1. Praj

    Provider of bioethanol and waste water treatment services

    Bioenergy
    See in list
  2. MOJJ Engineering System

    Manufacturers of bio-ethanol plants, and alcohol plants

    Bioenergy
    See in list
  3. Uttamenergy

    Developer of bio-energy projects

    Bioenergy
    See in list
  4. Fuelbrains

    Provider of biofuel solutions, including trading, consulting, and manufacturing

    Bioenergy
    See in list
  5. Rajganga Biorefineries

    Provider of biorefinery solutions with a focus on sustainability and biofuel production

    Crop trading
    Website

Energy efficiency & LED lighting companies

Energy saving, LED lighting and energy management solutions.

  1. Syska

    Diversified electronics brand offering multi-category consumer electronics products

    Diversified consumer electronics brands
    See in list
  2. Forbes Marshall

    Provider of energy conservation and automation solutions

    Energy efficiency
    See in list
  3. ADOR

    Designer and manufacturer of AC & DC power sources & supplies

    Manufacturing services
    See in list
  4. Yantra harvest energy

    Limited information available

    Services for energy efficiency
    See in list
  5. Silvolite

    Manufacturer of rechargeable LED lighting products and solar panels

    Energy efficiency
    See in list

Battery & energy storage companies

Battery manufacturers, energy storage systems and EV charging providers.

  1. Autobat Accumulator

    Manufacturer of tubular stationary, thick plate, and solar batteries

    Energy storage
    See in list
  2. Panacea Alloys

    Manufacturer of lead acid batteries

    Energy storage
    Website
  3. AR Power Equipments

    Provider of energy storage systems

    Energy storage
    Website
  4. JustGrow Technologies

    Manufacturer & supplier of MPPT solar street light charge controller and battery chargers

    Services for energy storage
    Website
  5. Technovision Energy

    Manufacturer of inverter, battery chargers, stabilizers, UPS, and other power electrical equipment

    Manufacturing services
    Website

Wind & hydro power companies

Wind turbine makers, wind farm developers and hydro power companies.

  1. Suzlon

    Wind turbine manufacturer

    Wind energy
    See in list
  2. Skeiron

    Wind power producer and solar project developer

    Solar energy
    Website
  3. Continual

    Developer of solar & wind energy projects

    Wind energy
    See in list
  4. Unitron Energy

    Manufactures small wind turbines

    Wind energy
    Website
  5. Wudmin

    Provider of energy education, solutions, project finance, and expert consultation

    Hydro power
    Website

Oil & gas equipment and services companies

Oilfield services, process equipment and fuel distribution companies.

  1. MNGL

    Fuel distribution company

    Oil & gas downstream
    See in list
  2. Enpro Industries

    Enpro Industries is a global leader in engineered skids and process equipment

    Oil & gas equipment
    See in list
  3. UniKlinger

    Manufacturer of fluid control products with experience in making process plants safer and more efficient

    Oil & gas equipment
    See in list
  4. Pietro Fiorentini

    Manufacturer of components, systems, and services for oilfield sector

    Oilfield services
    See in list
  5. Chemdist

    Manufacturer of facilities for process equipments

    Oil & gas equipment
    Website

Listed energy companies in Pune

Publicly listed energy companies in Pune.

  1. Suzlon

    Wind turbine manufacturer

    Wind energy
    See in list
  2. Praj

    Provider of bioethanol and waste water treatment services

    Bioenergy
    See in list
  3. BF Utilities

    Provider of wind energy infrastructure and investment services

    Electricity transmission & distribution project developer
    See in list
  4. Mitcon Consultancy & Engineering Services

    Consultancy and Engineering services to corporates

    Solar energy
    See in list
  5. Thermax

    Water & waste management solution provider

    Solar energy
    See in list
8 companies in Pune

Energy startups in Pune

Recently founded energy companies in Pune.

  1. Fuelbrains

    Provider of biofuel solutions, including trading, consulting, and manufacturing

    Bioenergy
    See in list
  2. Sorigin

    Provider of business strategy, financing, logistics, and other consulting services

    Management consulting services
    See in list
  3. Pietro Fiorentini

    Manufacturer of components, systems, and services for oilfield sector

    Oilfield services
    See in list
  4. Rajganga Biorefineries

    Provider of biorefinery solutions with a focus on sustainability and biofuel production

    Crop trading
    Website
  5. Myriad Energy

    Provider of design, manufacture, and installation of solar energy solutions

    Solar energy
    Website
42 companies in Pune
Mobile reach

Top 10 energy apps from Pune

The most-installed Android apps published by energy companies headquartered in Pune — 386K installs between them. 13 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

MEDA Beneficiary

by MEDA

Installs350K
Rating—
Last updatedJan 2026
View on Google Play ↗
MEDA Beneficiary screenshot 1MEDA Beneficiary screenshot 2MEDA Beneficiary screenshot 3MEDA Beneficiary screenshot 4MEDA Beneficiary screenshot 5MEDA Beneficiary screenshot 6
7

SunArth EV Charging

by SunArth

Installs1K
Rating—
Last updatedSep 2024
View on Google Play ↗
SunArth EV Charging screenshot 1SunArth EV Charging screenshot 2SunArth EV Charging screenshot 3SunArth EV Charging screenshot 4SunArth EV Charging screenshot 5SunArth EV Charging screenshot 6
The business behind the activity

Energy financials in Pune

Revenue, profit and growth from the filed annual accounts of 120 energy companies in Pune, Maharashtra for FY24-25 — 152 of the 295 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 75% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹37,624.86 cr

120 companies filing accounts

combined net profit₹4,389.27 cr

11.7% aggregate margin

are profitable78%

94 of 120 companies

median revenue~₹13.4 cr

the typical company

median revenue growth+17%

into FY24-25

earned by the top five75%

revenue concentration

Six-year view

Combined revenue of filing companies

₹13,705.26 crFY19-20107 filers
₹14,602.49 crFY20-21113 filers
₹21,865.41 crFY21-22117 filers
₹24,574.66 crFY22-23123 filers
₹31,205.00 crFY23-24128 filers
₹37,624.86 crFY24-25120 filers

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

Like-for-like

The same 108 companies over three years

+51%
FY22-23₹24,394.73 cr₹3,977.72 cr net
FY23-24₹30,617.56 cr₹3,007.98 cr net
FY24-25₹36,936.62 cr₹4,348.08 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 cr1315% profitable
₹1–10 cr3974% profitable
₹10–100 cr3990% profitable
₹100–1,000 cr2396% profitable
Over ₹1,000 cr6100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking42
0–20%21
20–50%22
50–100%14
Doubled+18

117 companies with accounts for both years; median growth +17%.

Profitability

Profit is concentrated at the top

94profitable
26loss-making
11.7%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
Ecodhara MagnatekECODHARA MAGNATEK PRIVATE LIMITED+640%₹20.71 cr
SoledifySOLEDIFY SYSTEMS PRIVATE LIMITED₹26.67 cr
Younity EnergyYOUNITY ENERGY PRIVATE LIMITED
Myriad EnergyMYRIAD ENERGY PRIVATE LIMITED+235%₹28.63 cr
B. U. Bhandari EnergyB.U.BHANDARI ENERGY PRIVATE LIMITED
RelyOn SolarRELYON SOLAR PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
KirloskarKIRLOSKAR INDUSTRIES LIMITED65.0%₹120.57 cr
BF UtilitiesBF UTILITIES LIMITED38.4%₹41.68 cr
Manas MicrosystemsMANAS MICROSYSTEMS PRIVATE LIMITED28.6%
Enpro IndustriesENPRO INDUSTRIES PRIVATE LIMITED27.0%₹701.78 cr
SuzlonSUZLON ENERGY LIMITED20.4%₹10,300.03 cr
MNGLMAHARASHTRA NATURAL GAS LIMITED18.1%₹3,603.70 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Wind energy5₹10,486.35 cr~₹62.6 cr80%20.9%
Solar energy45₹9,477.67 cr~₹12.8 cr89%8.2%
Electricity transmission & distribution equipment17₹5,474.74 cr~₹10.6 cr82%6.1%
Bioenergy15₹5,416.92 cr~₹20.7 cr60%6.6%
Electricity transmission & distribution project developer5₹501.11 cr~₹17.9 cr80%10.8%
Energy storage5₹244.79 cr~₹34.8 cr80%2.9%
Leaders

Largest energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
SuzlonSUZLON ENERGY LIMITED₹10,300.03 cr₹2,104.72 cr20.4%+74%
ThermaxTHERMAX LIMITED.
Sterlite ElectricSTERLITE ELECTRIC LIMITED₹5,047.24 cr₹315.55 cr6.3%+1%
MNGLMAHARASHTRA NATURAL GAS LIMITED₹3,603.70 cr₹652.53 cr18.1%+20%
PrajPRAJ INDUSTRIES LIMITED₹2,805.60 cr₹264.43 cr9.4%-8%
AirproductsPRODAIR AIR PRODUCTS INDIA PRIVATE LIMITED₹1,655.68 cr₹116.15 cr7.0%+4%
Enpro IndustriesENPRO INDUSTRIES PRIVATE LIMITED₹701.78 cr₹189.40 cr27.0%+38%
Indian Cables & ElectricalsINDIAN CABLES AND ELECTRICALS PRIVATE LIMITED₹669.86 cr₹21.79 cr3.3%+41%
ShreeTech DataSHREETECH DATA LIMITED₹619.12 cr₹66.70 cr10.8%+49%
Enrich EnergyENRICH ENERGY PRIVATE LIMITED₹522.74 cr₹54.36 cr10.4%+44%
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 Pune 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 Pune
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 Pune 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, Pune23

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 Pune

23Acquisition

Most active acquirers

  1. Thermax4
  2. Premier energies3
  3. Aditya birla group2
  4. Shell Group2
  5. National Investment and Infrastructure Fund (NIIF)2

Most acquired or merged

  1. Sprng energy10
  2. Ksolare energy6
  3. Exactspace2
  4. Scorpius trackers2
  5. Exactspace Technologies1

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

Energy funding in Pune

10 energy companies in Pune have recorded equity funding, US$339.06m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Pune

Meet the people behind energy companies in Pune. 96 of 295 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Pune energy companies by sub-sector

The most common specialisations among energy companies in Pune. 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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