Best Energy Companies in Pune, India
The 191 best Energy companies in Pune, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Sterlite Electric.
Our analysis of 50 Energy companies
$12.0b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy companies in Pune
| # | Company | Revenue | Disclosed funding | Last round | Revenue YoY | Employees | Founder | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Suzlon Wind turbine manufacturer | $1.3B FY2025 | $46M | 30 mo ago | +67% | 1,528 | Tulsi Tanti Founder and Chairman | 3 job openings · 1 partnership |
| 2 | Battrestore Manufacturer of car & two wheeler batteries | $1.1B FY2025 | — | — | +1% | 118 | — | — |
| 3 | Sterlite Electric Manufacturers of high power electric cables 76Funding top 25%Market top 30%Fin. health top 37%Talent top 38% All 7 signals ▾Fundingtop 25% Markettop 30% Fin. healthtop 37% Talenttop 38% Globaltop 40% Growthbottom 49% Techbottom 47% Funding: Raised $814M across 6 rounds · 6 rounds over 6 yrs (1.0/yr) Market: Revenue ~$600M · ~5% of tracked Electricity Transmission & Distribution Equipment revenue (327 cos, FY2025) rank vs industry peers · Fliar Intelligence Index 76/100 | $600M FY2025 | $814M | 18 mo ago | +1% | — | Frederic Trefois CEO | 3 expansions · 1 award |
| 4 | MNGL Fuel distribution company | $426M FY2025 | — | 131 mo ago | +20% | 750 | AM Tambekar CEO & MD | — |
| 5 | Airproducts Provider of industrial gases, technologies, and application expertise | $196M FY2025 | — | — | +4% | 707 | — | — |
| 6 | Syska Diversified electronics brand offering multi-category consumer electronics products | $165M FY2022 | $62M | 54 mo ago | -13% | 46 | — | — |
| 7 | BF Utilities Provider of wind energy infrastructure and investment services | $102M FY2025 | — | — | -13% | 7 | Baba Kalyani CEO & MD | — |
| 8 | ShreeTech Data Provider of power infrastructure, renewable energy, railway, data center, and manufacturing 72Growth top 22%Fin. health top 32%Talent top 38%Funding top 42% All 7 signals ▾Growthtop 22% Fin. healthtop 32% Talenttop 38% Fundingtop 42% Markettop 44% Techtop 45% Globalbottom 36% Growth: Revenue +50% YoY · Web rank 10,000,000 → 5,000,000 YoY Fin. health: Revenue ~$73.2M (FY2018) · Net margin 10.9% rank vs industry peers · Fliar Intelligence Index 72/100 | $73M FY2025 | $15M | 10 mo ago | +50% | — | Vijayanand Choudhury CEO | — |
| 9 | SOPAN Energy solutions company delivering end-to-end EPC services, equipment manufacturing, and operations &… | $53M FY2025 | $169K | 170 mo ago | +13% | 1,001 | Travis Kirkpatrick CEO | 1 job opening |
| 10 | Bnc Power Provider of diesel powered generator sets and power line transmission services | $51M FY2025 | — | — | +28% | 272 272 → 171 (-37%) | Girish Chaudhari Managing Director | — |
| 11 | Kalpa Power Provider of solar planning and designing services 74Fin. health top 21%Growth top 23%Moat top 33%Market top 39% All 10 signals ▾Fin. healthtop 21% Growthtop 23% Moattop 33% Markettop 39% Innovationtop 40% Techtop 40% Productbottom 47% Fundingbottom 42% Talentbottom 39% Globalbottom 25% Fin. health: Revenue ~$32.1M (FY2021) · Net margin 5.6% Growth: Headcount 91 → 113 (+24%) across vintages · Revenue +150% YoY rank vs industry peers · Fliar Intelligence Index 74/100 | $32M FY2025 | $2M | 18 mo ago | +150% | 113 113 → 235 (+108%) | Rounak Muthiyan Co-Founder & Director | 1 partnership · 1 expansion |
| 12 | Autobat Accumulator Manufacturer of tubular stationary, thick plate, and solar batteries | $17M FY2025 | — | — | +60% | — | Hanmant Reddy Founder & MD | — |
| 13 | ADOR Designer and manufacturer of AC & DC power sources & supplies | $15M FY2023 | — | — | — | 201 201 → 501 (+149%) | Deep Ashda Lalvani | — |
| 14 | Avasa India Provider of automotive, industrial greases, and specialty lubricants for both domestic and international… | $14M FY2022 | — | — | — | 76 | — | — |
| 15 | First Energy First Energy manufactures biomass fueled stove | $13M FY2025 | $5M | 131 mo ago | +21% | — | Mukund Deogaonkar Co-Founder | — |
| 16 | B. U. Bhandari Energy Developer of solar energy projects | $12M FY2025 | — | — | +214% | — | Shailesh Bhandari Managing Director | — |
| 17 | RelyOn Solar Designs and installs solar systems | $6M FY2025 | $1M | 111 mo ago | +28% | 175 | Gundu Sabde Founder & MD | — |
| 18 | Panama wind energy Independently produces energy from wind | $5M FY2022 | — | 185 mo ago | — | 7 | Dinesh Jagdale Director & CEO | — |
| 19 | SgurrEnergy Developer of solar energy projects | $4M FY2025 | $368K | 97 mo ago | +43% | 78 | — | — |
| 20 | Chemdist Manufacturer of facilities for process equipments | $4M FY2025 | — | — | -8% | — | — | — |
| 21 | Sunshot Solar PV project installation and services | $4M FY2021 | $694K | 115 mo ago | -52% | 125 | Indrajeet Dudile Co-Founder & Director | — |
| 22 | Minimac Systems Provider of clean-tech solutions and sector decarbonization solutions 50Product top 32%Innovation top 36%Tech top 39%Fin. health top 42% All 10 signals ▾Producttop 32% Innovationtop 36% Techtop 39% Fin. healthtop 42% Growthtop 50% Marketbottom 45% Talentbottom 45% Moatbottom 37% Fundingbottom 28% Globalbottom 25% Product: 12 distinct product lines · Company stage: Conventional Debt Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 50/100 | $3M FY2025 | $669K | 53 mo ago | +46% | 113 113 → 117 (+4%) | Anshuman Agrawal Founder & CEO & Managing Director | — |
| 23 | AgniSolar Solar rooftop installer | $3M FY2025 | — | — | +66% | — | Ravi Pittie Co-Founder & Managing Director | — |
| 24 | Aeropure Home - Aeropure | $2M FY2021 | — | — | — | — | — | — |
| 25 | Gram Oorja Solutions Microgrids and solar water pumping solutions | $2M FY2025 | $348K | 160 mo ago | -23% | — | Goutam Lath Co-Founder | — |
| 26 | AFM Solar System Solar powered product installer | $1M FY2025 | — | — | +1049% | — | Hanumant Garad Co-Founder | — |
| 27 | Adibspl Solar panel & products installation company | $531K FY2025 | — | — | +6833% | — | — | — |
| 28 | Ambik Harmonic Filters Manufacturer of harmonic filters, series reactor, and switches | $466K FY2022 | — | — | — | — | — | — |
| 29 | Asian Power Controls Provider of power generation, distribution, and management solutions | $397K FY2022 | — | — | — | 65 | — | — |
| 30 | Panama Renewable Developer and operator of wind power plants | $351K FY2025 | — | 163 mo ago | -84% | 7 | Dinesh Jagdale CEO & Director | — |
| 31 | Brise Chemicals Manufacturer of standard gas plants, cryogenic tanks, and related equipment | $334K FY2025 | — | — | -3% | 9 | Suhas Sope Managing Director | — |
| 32 | Amrova Solar Provider of solar solutions, offering integrated solar products such as panels, water heaters, and… | $315K FY2023 | — | — | +112% | — | Amol Shirodkar Founder & CEO & Managing Director | — |
| 33 | Bhagwat Energy Designer, manufacturer and integrator of solar thermal systems | $143K FY2022 | — | — | -4% | — | Prashant Bhagwat CEO | — |
| 34 | Akshay Urja Manufactures bio-gas systems | $41K FY2019 | — | — | — | — | Dilip Ambavanekar Founder | — |
| 35 | CaptureSolar Energy Provides Off-the-Grid Solar Energy Solutions | $25K FY2019 | $125M | 144 mo ago | -14% | 501 | Raju Bhosle Director and CEO | — |
Top 12 Energy companies in Pune
#1
Late Stage · Pune, Maharashtra · founded 2015$814.3Mraised▾
Manufacturers of high power electric cables. The company offers high-performance power conductors, cables, and OPGW (Optical Ground Wire) solutions, reaching global markets. It operates in the electricity transmission sector, providing power transmission and distribution services.
- Dec 2024PE$85.4M
- Mar 2022Conventional Debt$57.2M
- Jun 2021Conventional Debt$79.1M
- Jan 2021Conventional Debt$27.2M
#2
Series B · Pune, Maharashtra · founded 1998$15.1Mraised▾
Provider of power infrastructure, renewable energy, railway, data center, and manufacturing. The company delivers solutions for power projects, renewable energy initiatives, railway electrification, and data centers. It offers manufacturing services with fabrication capabilities and quality assurance processes. The company focuses on delivering practical and reliable solutions across diverse sectors. It provides electrical solutions for rail networks and cost-effective data center services.
- Jul 2025Series B$4.5M
- Dec 2024Series B$10.6M
#3
Seed · Pune, Maharashtra · founded 2017 · 113 employees$1.5Mraised▾
Solar energy solutions provider, promoting renewable energy and sustainability in India. The company specializes in designing and installing solar power systems, offering renewable energy solutions to businesses and consumers. They focus on energy management, prioritizing efficiency, cost-effectiveness, and environmental responsibility. Their offerings include expert planning, implementation, and optimization of sustainable energy infrastructure projects, along with energy storage solutions. They provide customized solutions to minimize energy wastage and offer both on-site and off-site renewable energy access. The company also provides asset management and infrastructure management services, ensuring optimal operational performance. They are committed to making power more reliable, affordable, and environmentally friendly, supporting a transition to clean energy sources and minimizing environmental impact. They offer services like remote monitoring and solar panel cleaning.
- Dec 2024Angel$1.2M
- Mar 2024Seed$360K
#4
Public · Pune, Maharashtra · founded 1995 · 1528 employees$45.8Mraised▾
Wind turbine manufacturer. It offers a total installed capacity of   almost 15000 MW spread across six continents. Suzlon is a market leader in India with a global footprint across Asia, Australia, Europe, Africa, and North and South America. Over the past two decades, they have built and consolidated their presence in 19 countries. In India, the company has more than 100 wind farms with an installed capacity of 9,000 MW. Suzlon is credited with developing a few of Asia's largest operational onshore wind farms in Gujarat Rajasthan, Maharashtra, and Tamil Nadu. The Kutch (Gujarat) and Jaisalmer (Rajasthan) Wind farms of Suzlon to date have a cumulative installation of over 1,100 MW each. Suzlon also offers services apart from having its own SCADA system for power monitoring and management.
- Nov 2023Post IPO—
- Sep 2022Post IPO—
- Feb 2020Post IPO$55.8M
- Jan 2019Grant (prize money)—
#5
Seed · Pune, Maharashtra · founded 2020$2.5Mraised▾
Manufacturer of embedded systems and smart energy meter. It product includes single phase energy meter and three-phase smart energy meters, enabling protection against malicious shutdowns using geofencing in case of denial-of-service attacks.
- Aug 2024Seed$2.5M
#6
Seed · Pune, Maharashtra · founded 2012 · 46 employees$62Mraised▾
Diversified electronics brand offering multi-category consumer electronics products
- Dec 2021Seed$62M
#7
Late Stage · Pune, Maharashtra · founded 2013 · 501 employees$125Mraised▾
Capture Solar Energy offers services for the installation of solar farms on a DBFO model (Design, Built, Finance and Operate). Raised $125 million from the Cyprus-based photovoltaic solar solutions provider Concept Solutions & Innovation to set up a plant (90 MW solar park) in Pune. Concept Solutions will not only provide finance but also technology solutions for the project as a mandate holder of Danish turnkey PV firm DanSolar International, which already has a technology tie-up with CaptureSolar.
- Jun 2014PE$125M
#8
Acquired · Pune, Maharashtra · founded 2005$4.7Mraised▾
First Energy manufactures biomass fueled stove. It is an investor-owned electric utility company serving customers across the country. The company operates as largest electric systems through its various regulated distribution companies. It prioritizes safety, reliability, and operational excellence in its operations.
- Jul 2015Series A$3.2M
- Jan 2011Seed$1.5M
#9
Funding Raised · Pune, Maharashtra · founded 2012 · 113 employees$669Kraised▾
Provider of clean-tech solutions and sector decarbonization solutions. The company provides global standardized and customized solutions for oil purification, filtration, and flushing systems, OEM filter replacements, oil testing devices, and minimac operations & maintenance services for lube oils, hydraulic oils, control fluids, turbine oils, transformer oils, and gear oils.
- Dec 2021Conventional Debt$669K
#10
Seed · Pune, Maharashtra · founded 2010 · 175 employees$1.2Mraised▾
RelyOn Solar designs and installs solar systems which includes solar street lights, rooftop solar for domestic use, off-grid solar power plant, DC solar pumps etc. The company has completed projects of total capacity of more than 870KW as of August 2015.
- Feb 2017Angel$74.6K
- Aug 2015Angel$15.6K
- Jul 2015Angel$299.2K
- Sep 2014Angel$447.4K
#11
Deadpooled · Pune, Maharashtra · founded 2010 · 125 employees$694.4Kraised▾
Sunshot offers the services of site evaluation, cost assessment of the projects, solar PV modules installation. The company also carries out the monitoring and maintenance of the installation. The company is experienced in designing and engineering solar energy plants, project implementation, and monitoring and maintenance activities.
- Nov 2016Angel$375.8K
- Jul 2014Seed$318.6K
#12
Seed · Pune, Maharashtra · founded 2008$348.4Kraised▾
Gram oorja offers metered solar power to off-grid villages. The company get corporates to donate funds for setting up projects and charge Rs 100-150 a month for operations and maintenance. The company offer EPC services for solar plants (1-5KW for running schools and offices) and biogas power plants. Gram oorja has also setup solar water pumping solutions for drinking water supply and piped biogas network for heating and cooking. Gram Oorja has also established and powered a rural BPO using 50 computers from solar power.
- Feb 2013Seed$68.7K
- Mar 2011Seed$146K
- Mar 2011Angel$32.7K
- Feb 2010Angel$101.1K
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Energy Storage in Pune is moving
A read on the academic research around Energy Storage in Pune — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 81 papers.
Pune's Symbiosis International University, Savitribai Phule Pune University, and National Chemical Laboratory predominantly research supercapacitor materials and advanced battery technologies, with a strongly optimistic tone.
- Symbiosis International University23
- Savitribai Phule Pune University23
- National Chemical Laboratory16
- Defence Institute of Advanced Technology11
- Indian Institute of Science Education and Research Pune8
- Supercapacitor9
- Electrolyte8
- Electrochemistry7
- Anode7
- Cathode7
- Supercapacitor1→14
- Anode1→3
- Renewable energy1
- Natural resource economics1
- Greenhouse gas1
- Environmental economics1
- Wind power1
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.