Company lists
The Surat edition · 2026

Energycompanies in Surat

Solar, electrical equipment, energy efficiency & LED, wind & power producers, oil, gas & lubricants and more: the companies building energy in Surat, Gujarat, with their founders, funding, team size and business models.

74 company profiles36 with reported revenue7 with recorded fundingOctober 2026 edition
Surat · 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: 1470 Contracts · 319 M&A deals · 131 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
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
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
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
ContractTechnology

Sharika enterprises · client: Uttarakhand Power Corporation

Sharika Enterprises has secured a subcontract for the deployment of an Advanced Distribution Management System (ADMS) under Uttarakhand Power Corporation's flagship Ganga Corridor power…

Power Distribution
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 · 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 Surat, by revenue

Browse energy companies in Surat by reported revenue, one-year revenue growth, revenue model, age and stage. The 36 companies below are the largest by their most recent reported revenue among 36 energy companies in Surat, Gujarat 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 36

Power utility company

Utilities
₹17,066.25 crFY 2021-22
Not reported
2,005-2% 12 mo to Sep 2024recorded Sep 2024
23 yr2003
—No postings tracked

Manufacturer of photovoltaic solar modules

Solar energy
₹2,832.89 crFY 2024-25
+122%2024–2025
1,179+37% vs previous recordLinkedIn · Oct 2026
9 yr2017
2postings · last posted Sep 2026

Developer of renewable power plants

Solar energy
₹1,755.16 crFY 2024-25
+70%2024–2025
1,544+135% 12 mo to Jul 2024LinkedIn · Oct 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Manufacturer of solar photovoltaic modules and provider of engineering, procurement, & construction services

Solar energy
₹1,490.93 crFY 2022-23
Not reported
2,422+33% 12 mo to Aug 2024LinkedIn · Oct 2026
15 yr2011
0none in 3 months

Independent thermal, solar & wind power producer

Non- renewable power generation
₹1,325.08 crFY 2024-25
-7%2024–2025
243+30% 12 mo to Aug 2024LinkedIn · Oct 2026
41 yr1985
0none in 3 months

Wind Energy EPC provider

Wind energy
₹958.45 crFY 2024-25
+97%2024–2025
1,544+6% 12 mo to Mar 2023LinkedIn · Oct 2026
32 yr1994
0none in 3 months

Developer of solar energy projects

Solar energy
₹368.96 crFY 2024-25
+119%2024–2025
8recorded Sep 2024
7 yr2019
0none in 3 months

Developer of solar energy projects

Solar energy
₹231.52 crFY 2021-22
Not reported
324+15% 12 mo to Aug 2024recorded Aug 2024
18 yr2008
—No postings tracked

Manufacturer of solar PV modules

Solar energy
₹242.56 crFY 2024-25
+145%2024–2025
199+61% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Manufacturer of solar power systems and solar panels

Solar energy
₹202.27 crFY 2022-23
Not reported
460-32% 12 mo to Sep 2024LinkedIn · Oct 2026
13 yr2013
0none in 3 months

Manufacturer of industrial lubricant additives and packages

Oil & gas downstream
₹182.14 crFY 2021-22
Not reported
8LinkedIn · Jul 2026
10 yr2016
—No postings tracked

Manufacturer of energy efficient and solar inverters

Electricity transmission & distribution equipment
₹182.86 crFY 2024-25
+213%2024–2025
218LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of turnkey EPC services for electrical switchyards, substations, and electrification projects

Electricity transmission & distribution project developer
₹155.75 crFY 2024-25
+532%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of turnkey solutions for wind and solar projects

Solar energy
₹124.68 crFY 2024-25
+370%2024–2025
132LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Nov 2025

Manufacturer of control panels and electrical products

Electricity transmission & distribution equipment
₹65.49 crFY 2024-25
+42%2024–2025
57LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Provider of solar street lights, water pumps, and roof tops

Solar energy
₹60.30 crFY 2024-25
+50%2024–2025
—Not available
12 yr2014
0none in 3 months

Distributor of natural gas

Oil & gas downstream services
₹59.61 crFY 2024-25
+103%2024–2025
191-28% 12 mo to Sep 2024recorded Sep 2024
15 yr2011
0none in 3 months

Provider of electrical panels, automation systems, power management, and turnkey engineering services

Electricity transmission & distribution equipment
₹56.96 crFY 2024-25
+38%2024–2025
66LinkedIn · Jul 2026
17 yr2009
0none in 3 months · last posted Jul 2026

Developer of solar and wind energy projects

Solar energy
₹52.80 crFY 2024-25
-5%2024–2025
40+31% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Developer of solar energy projects

Solar energy
₹45.24 crFY 2024-25
+298%2024–2025
26LinkedIn · Jul 2026
18 yr2008
0none in 3 months · last posted Jun 2026

Manufacturer of mono & poly crystalline solar PV modules

Solar energy
₹30.15 crFY 2024-25
+9%2024–2025
174LinkedIn · Jul 2026
10 yr2016
0none in 3 months · last posted Jun 2026

Provider of solar energy services for residential & commercial

Solar energy
₹27.55 crFY 2024-25
+266%2024–2025
25LinkedIn · Jul 2026
12 yr2014
0none in 3 months · last posted Jun 2026

Solar solutions provider offering residential, commercial, and industrial solar panel installation services

Solar energy
₹24.10 crFY 2024-25
+316%2024–2025
23LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Apr 2026

Developer of solar energy projects

Solar energy
₹21.83 crFY 2024-25
+62%2024–2025
—Not available
9 yr2017
0none in 3 months

Manufacturer of solar modules

Solar energy
₹20.25 crFY 2023-24
+185%2023–2024
200LinkedIn · Jul 2026
10 yr2016
0none in 3 months
36 of 74 companies shown here · the full list is on Radar
Fliar Radar

Explore all 74 energy companies in Surat on Radar

This page shows the top 36. Radar has the complete, filterable list with contacts and live company signals.

Open energy in Surat on Radar
  • Every company, not just 50All 74 energy companies in Surat, 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 Surat by what you are looking for

Find energy companies in Surat, from solar module makers and wind developers to lighting, electrical and lubricant suppliers. Browse top energy companies in Surat, energy startups and listed energy companies.

8 ways to explore energy in Surat

Solar energy companies & module manufacturersElectrical equipment & power distribution contractorsLED lighting & energy efficiency productsWind energy & renewable power producersOil, gas & lubricant companiesEnergy startups in Surat

Solar energy companies & module manufacturers

Manufacturers and developers of solar panels, modules and solar power plants.

  1. Rayzon Solar

    Manufacturer of photovoltaic solar modules

    Solar energy
    See in list
  2. GIPCL

    Independent thermal, solar & wind power producer

    Non- renewable power generation
    See in list
  3. Sun Drops Energia

    Developer of solar energy projects

    Solar energy
    See in list
  4. Navitas Solar

    Manufacturer of solar power systems and solar panels

    Solar energy
    See in list
  5. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list

Electrical equipment & power distribution contractors

Makers of electrical panels, transformers and contractors for power transmission and distribution.

  1. Sun Drops Energia

    Developer of solar energy projects

    Solar energy
    See in list
  2. Polite PowerTech

    Provider of turnkey EPC services for electrical switchyards, substations, and electrification projects

    Electricity transmission & distribution project developer
    See in list
  3. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  4. Astek Electricals India

    Manufacturer of control panels and electrical products

    Electricity transmission & distribution equipment
    See in list
  5. REM Electromach

    Provider of electrical panels, automation systems, power management, and turnkey engineering services

    Electricity transmission & distribution equipment
    See in list
30 companies in Surat

LED lighting & energy efficiency products

LED lighting makers and energy saving solutions.

  1. CMG

    Provider of LED lighting system

    Energy efficiency
    Website
  2. Adnext Lighting

    Manufacturer of LED lighting fixtures, power supplies, and drivers

    Energy efficiency
    Website
  3. H D Electronics

    Provider of LED lighting products

    Energy efficiency
    Website
  4. Smart Light

    LED lighting products manufacturer

    Energy efficiency
    Website
  5. LUMISTAR

    Manufacturer of LED lighting solutions for residential, commercial, and industrial applications

    Services for energy efficiency
    Website

Wind energy & renewable power producers

Wind energy developers and independent power producers.

  1. DGVCL

    Power utility company

    Utilities
    See in list
  2. GIPCL

    Independent thermal, solar & wind power producer

    Non- renewable power generation
    See in list
  3. K P Energy

    Wind Energy EPC provider

    Wind energy
    See in list
  4. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  5. Swev India

    Provider of solar, wind, electric vehicle, and fire safety products.

    Solar energy
    See in list

Oil, gas & lubricant companies

Makers and suppliers of lubricants, engine oils and oil and gas equipment.

  1. United Petrofer

    Manufacturer of industrial lubricant additives and packages

    Oil & gas downstream
    See in list
  2. Desco Infratech

    Distributor of natural gas

    Oil & gas downstream services
    See in list
  3. Cristal Lubes

    Manufacturer and supplier of a range of engine oils, including multi purpose greases, hydraulic oils, and stroke motorcycle oils, catering to the demands of the automotive industry

    Oil & gas equipment
    Website
  4. Axabull

    Lubricant company that specializes in manufacturing and marketing a range of automotive and industrial lubricants, as well as batteries, catering to various industries and applications

    Oil & gas downstream services
    Website
  5. Niox Lubricants

    Manufacturer of diesel car engine, gear, and bike engine oils

    Oil & gas downstream
    Website
6 companies in Surat

Energy startups in Surat

Newer energy companies founded in recent years.

  1. Vsole

    Manufacturer of energy efficient and solar inverters

    Electricity transmission & distribution equipment
    See in list
  2. Polite PowerTech

    Provider of turnkey EPC services for electrical switchyards, substations, and electrification projects

    Electricity transmission & distribution project developer
    See in list
  3. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  4. ASOTE

    Provider of solar installation services

    Solar energy
    See in list
  5. Solark InfraSolutions

    Provider of solar energy services for business

    Solar energy
    See in list
16 companies in Surat

Energy companies hiring in Surat

Energy companies currently recruiting.

  1. Rayzon Solar

    Manufacturer of photovoltaic solar modules

    Solar energy
    See in list
  2. KPI Green Energy

    Developer of renewable power plants

    Solar energy
    See in list
  3. BA Prerna

    Provider of turnkey solutions for wind and solar projects

    Solar energy
    See in list
  4. REM Electromach

    Provider of electrical panels, automation systems, power management, and turnkey engineering services

    Electricity transmission & distribution equipment
    See in list
  5. Kashyap Solar

    Developer of solar energy projects

    Solar energy
    See in list
7 companies in Surat

Listed energy companies in Surat

Publicly listed energy companies.

  1. KPI Green Energy

    Developer of renewable power plants

    Solar energy
    See in list
  2. GIPCL

    Independent thermal, solar & wind power producer

    Non- renewable power generation
    See in list
  3. K P Energy

    Wind Energy EPC provider

    Wind energy
    See in list
  4. Desco Infratech

    Distributor of natural gas

    Oil & gas downstream services
    See in list
4 companies in Surat
Mobile reach

Top 8 energy apps from Surat

The most-installed Android apps published by energy companies headquartered in Surat — 312K 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

DGVCL Smart Meter

by DGVCL

Installs304K
Rating4.012K ratings
Last updatedMay 2026
View on Google Play ↗
DGVCL Smart Meter screenshot 1DGVCL Smart Meter screenshot 2DGVCL Smart Meter screenshot 3DGVCL Smart Meter screenshot 4DGVCL Smart Meter screenshot 5DGVCL Smart Meter screenshot 6
4

Vsole Pulse

by Vsole

Installs2K
Rating—
Last updatedJun 2026
View on Google Play ↗
Vsole Pulse screenshot 1Vsole Pulse screenshot 2Vsole Pulse screenshot 3Vsole Pulse screenshot 4
The business behind the activity

Energy financials in Surat

Revenue, profit and growth from the filed annual accounts of 30 energy companies in Surat, Gujarat for FY24-25 — 34 of the 74 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 93% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹36,281.84 cr

30 companies filing accounts

combined net profit₹2,364.58 cr

6.5% aggregate margin

are profitable90%

27 of 30 companies

median revenue~₹49.0 cr

the typical company

median revenue growth+96%

into FY24-25

earned by the top five93%

revenue concentration

Six-year view

Combined revenue of filing companies

₹16,324.63 crFY19-2016 filers
₹14,547.86 crFY20-2120 filers
₹20,054.65 crFY21-2226 filers
₹25,355.10 crFY22-2329 filers
₹31,514.62 crFY23-2431 filers
₹36,281.84 crFY24-2530 filers

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

Like-for-like

The same 25 companies over three years

+31%
FY22-23₹25,330.35 cr₹376.78 cr net
FY23-24₹30,101.83 cr₹1,403.11 cr net
FY24-25₹33,080.56 cr₹2,018.03 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 cr1100% profitable
₹1–10 cr450% profitable
₹10–100 cr1593% profitable
₹100–1,000 cr5100% profitable
Over ₹1,000 cr5100% profitable

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%1
20–50%3
50–100%4
Doubled+14

29 companies with accounts for both years; median growth +96%.

Profitability

Profit is concentrated at the top

27profitable
3loss-making
6.5%aggregate margin
2.5%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
ASOTEASOTE SOLUTIONS PRIVATE LIMITED
Polite PowerTechPOLITE POWERTECH LIMITED+532%₹155.75 cr
Fourcell EnergyFOURCELL ENERGY PRIVATE LIMITED+316%₹24.10 cr
Kashyap SolarKASHYAP INFRAPROJECTS PRIVATE LIMITED+298%₹45.24 cr
Anany UrjaANANY URJA PRIVATE LIMITED+266%₹27.55 cr
VsoleVSOLE SOLAR ENERGY PRIVATE LIMITED+213%₹182.86 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Sunora SolarES SUN POWER PRIVATE LIMITED23.5%₹30.15 cr
GIPCLGUJARAT INDUSTRIES POWER COMPANY LTD.16.0%₹1,325.08 cr
KPI Green EnergyKPI GREEN ENERGY LIMITED15.7%₹1,607.48 cr
Desco InfratechDESCO INFRATECH LIMITED15.2%₹59.61 cr
Sun Drops EnergiaSUN DROPS ENERGIA LIMITED13.9%₹368.96 cr
K P EnergyK.P. ENERGY LIMITED11.9%₹943.32 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Solar energy17₹7,394.18 cr~₹30.1 cr88%10.1%
Electricity transmission & distribution equipment5₹335.38 cr~₹57.0 cr100%2.2%
Leaders

Largest energy companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
DGVCLDAKSHIN GUJARAT VIJ COMPANY LIMITED₹26,041.49 cr₹1,260.26 cr4.8%-0%
Rayzon SolarRAYZON SOLAR LIMITED₹2,832.89 cr₹329.57 cr11.6%+122%
Goldi SolarGOLDI SOLAR PRIVATE LIMITED₹2,051.39 cr₹83.72 cr4.1%+183%
KPI Green EnergyKPI GREEN ENERGY LIMITED₹1,607.48 cr₹252.35 cr15.7%+120%
GIPCLGUJARAT INDUSTRIES POWER COMPANY LTD.₹1,325.08 cr₹211.43 cr16.0%-7%
K P EnergyK.P. ENERGY LIMITED₹943.32 cr₹112.07 cr11.9%+96%
Sun Drops EnergiaSUN DROPS ENERGIA LIMITED₹368.96 cr₹51.25 cr13.9%+119%
Cosmic Pv PowerCOSMIC PV POWER LIMITED₹242.56 cr₹23.67 cr9.8%+145%
VsoleVSOLE SOLAR ENERGY PRIVATE LIMITED₹182.86 cr₹3.01 cr1.6%+213%
Polite PowerTechPOLITE POWERTECH LIMITED₹155.75 cr₹14.74 cr9.5%+532%
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 Surat 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 Surat
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 Surat 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, India319

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

296Acquisition
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

Energy funding in Surat

7 energy companies in Surat have recorded equity funding, US$209.12m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Surat

Meet the people behind energy companies in Surat. 32 of 74 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Surat energy companies by sub-sector

The most common specialisations among energy companies in Surat. 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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