Electricity, power transmission, government utilities, water & waste, power equipment & storage and more: the companies building utilities in India, with their founders, funding, team size and business models.
Funding, M&A, contract wins and launches involving 125 utilities companies in India, last 24 months: 162 Contracts · 50 M&A deals · 12 funding rounds · 2 launches. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.
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,…
Adani Power Ltd has also expanded its energy portfolio by acquiring JAL's power assets. This includes a 24% stake in Jaiprakash Power Ventures Ltd (JPVL) and a 180 MW thermal power plant…
Power
M&AAcquisition · Announced
Adani power acquires JP Power (Jay Prakash Power Ventures Limited)
Adani Power has announced on Thursday that it has made definitive agreements with Jay Prakash Associates Limited (JP Associates). The agreement is to acquire a 24 per cent stake in JP…
Power
M&AMerger · Announced
Power grid corporation of india acquires 28 wholly owned subsidiaries
The board of Power Grid Corporation of India Ltd has approved a revised plan to consolidate its subsidiary structure, paving the way for the merger of 28 wholly owned subsidiaries into…
The company recently secured a contract from Tata Power for the 1000MW Bhivpuri pumped storage project in India, a flagship scheme aimed at supporting large-scale renewable integration.
Tata Power has announced the enterprise-wide adoption of the Databricks platform to enhance its data and AI transformation across all business clusters, focusing on operational…
Data and AI platform
ContractSupply
Diamond Power Infrastructure · client: Adani power
This Rs 43.26 crore contract involves supplying distinct sizes of power and control cables for the Raipur Ph-II Thermal Power Projects in Chhattisgarh, with a completion deadline set for…
ContractSupply
Tata power · client: Gujarat Urja Vikas Nigam Limited (GUVNL)
According to a stock exchange filing on Tuesday, Tata Power revealed that it has officially executed a supplementary PPA for its Tata Power Mundra Plant with Gujarat Urja Vikas Nigam…
Tata Power Company awarded a significant EPC order for transmission line works to Bajel Projects. It involves construction of 220 kV Transmission Line on Monopoles. The order is worth Rs…
RailTel Corporation of India Limited announced that it has received a Letter of Intent from Power Grid Corporation of India Limited for a services-related contract.
Mumbai : Beralia Roadlines Pvt Ltd (Jet Roadways) today announced the signing of a long-term LNG supply agreement with Ultra Gas & Energy Limited (UGEL), as it continues to expand its…
Kirloskar Brothers Limited (KBL) has secured a significant domestic contract worth ₹214 Crores from Adani Power Limited and its subsidiaries for the supply of advanced pump packages for…
In a statement, Torrent Power Ltd (Torrent) said it 'has entered into a definitive agreement with L&TPDL to acquire 100 per cent of equity stake and convertible instruments in NPL for an…
GRIDCO Limited has issued Corrigendum-2 for its ongoing tender for short-term power procurement from Intra-State Captive Generating Stations (CGPs) for the period April 2026 to July 2026.
Engineering and construction major BGR Energy Systems Ltd on Tuesday (February 3) said Tamil Nadu Transmission Corporation Ltd (TANTRANSCO) has terminated the EPC contract it had awarded…
Infrastructure
ContractSupply
Volks energie · client: Power grid corporation of india
Energy solutions and execution-focused infrastructure provider Volks Energie has completed a high-altitude, multi-location project for Power Grid Corporation of India Limited (PGCIL) at…
JSW Thermal Energy Two Limited, a subsidiary of JSW Energy Ltd, has signed a power purchase agreement (PPA) with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for…
Earlier, GEVTD also received an order from Power Grid Corporation (PGCIL) for refurbishment of 2x500 Mw HVDC Chandrapur line, which involved design, supply and refurbishment of line…
Transmission & Distribution
ContractMaintenance
GE Vernova T&D India · client: Power grid corporation of india
Earlier, the company secured another order from Power Grid Corporation of India (PGCIL) for the refurbishment of 2x 500 MW HVDC Chandrapur back-to-back link between Northern & Southern…
Tata Power has received a Letter of Intent (LOI) from REC Power Development and Consultancy Limited for acquiring a special purpose vehicle called Jejuri Hinjewadi Power Transmission…
Japan's top power generator JERA has signed its first long-term liquefied natural gas export deal with India's Torrent Power to deliver 4 LNG cargoes annually for 10 years from 2027.
Energy
ContractService
Transformers and Rectifiers (India) Limited (TARIL) · client: Power grid corporation of india
Transformers and Rectifiers (India) Limited (TARIL) has informed that it has received an order valued at ₹53.33 crore from Power Grid Corporation of India Limited.
Transformers & Rectifiers (India) Ltd. has taken a major step forward by winning a prestigious project from Power Grid Corporation of India. The order involves repair, erection, testing,…
Power & Energy
ContractInfrastructure
Kpi green energy · client: Gujarat State Electricity Corporation Ltd.
KPI Green Energy has bagged a major contract from Gujarat State Electricity Corporation Ltd. (GSECL) to build a 142 MW (DC) / 110 MW (AC) floating solar project at the Kadana Dam reservoir.
Renewable Energy
ContractSupply
Advait energy · client: Power grid corporation of india
The company received one domestic order worth Rs. 21.3 crore, from Power Grid Corporation of India Ltd. (PGCIL) for Package ERS-1 involving the procurement of Emergency Restoration…
Operational performance in Q2 FY26, the company secured a Rs. 90 crore ERS order from PGCIL and Rs. 100 crore EPC order from DGVCL.
EPC
Utilities companies in India, by revenue
Browse utilities companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 46 companies below are the largest by their most recent reported revenue among 46 utilities companies in India 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 46
Company & businessRevenueRevenue growthHeadcount & growthAgeJobs · last 3 months
Diversified conglomerate operating across multiple industries
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Power utility company responsible for the transmission, distribution, and supply of electricity, providing services to residential, commercial, and industrial consumers
Commission on transaction, E-commerce - product, Physical commerce
Team size
Not available
Recorded funding
None recorded
Founded
2014 · about 12 years old
Stage
Unfunded
Focus
Diversified, Utility supplier
Revenue over time
in FY24-25 · net · since FY2018
Filed standalone accounts · Pothigai Power Solutions Private Limited
Leadership · 1
PA
Palani AnanthanManaging Director
Technology
PHP
MySQL
WordPress
Bootstrap
jQuery
Detected on the company website
Each tile appears only where data is on record. Founder photos and LinkedIn links appear where a profile matches exactly.
Software development company offering utility solutions, including water distribution management software, and providing services in automation, networking, and digital transformation
Every company, not just 50All 108 utilities companies in India, filterable by stage, funding, team size, revenue model and age.
Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
Save and exportBuild lists, compare companies side by side and export them from your Radar account.
Explore utilities companies in India by what you are looking for
Find utilities companies in India, from electricity generation and distribution to transmission operators, water treatment and power equipment makers. Browse top utilities companies in India, listed utilities and utility startups.
A company specializing in exporting activated carbon for various applications, including gold recovery, water treatment, and air and water purification
The most-installed Android apps published by utilities companies headquartered in India — 22.5M installs between them. 17 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.
Revenue, profit and growth from the filed annual accounts of 36 utilities companies in India for FY24-25 — 41 of the 108 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 94% of the revenue, so medians describe the typical company better than totals.
combined revenue, FY24-25₹174,238.60 cr
36 companies filing accounts
combined net profit₹28,889.70 cr
16.6% aggregate margin
are profitable97%
35 of 36 companies
median revenue~₹101.4 cr
the typical company
median revenue growth+16%
into FY24-25
earned by the top five94%
revenue concentration
Six-year view
Combined revenue of filing companies
₹39,233.84 crFY19-2034 filers
₹51,884.61 crFY20-2137 filers
₹92,405.37 crFY21-2236 filers
₹157,998.67 crFY22-2338 filers
₹186,745.83 crFY23-2440 filers
₹174,238.60 crFY24-2536 filers
The number of companies filing changes each year; the three-year cohort below compares like with like.
Like-for-like
The same 34 companies over three years
+16%
FY22-23₹149,976.73 cr₹23,507.33 cr net
FY23-24₹176,860.68 cr₹36,322.54 cr net
FY24-25₹174,143.71 cr₹28,854.83 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 cr3100% profitable
₹1–10 cr3100% profitable
₹10–100 cr11100% profitable
₹100–1,000 cr1191% profitable
Over ₹1,000 cr8100% profitable
Companies by FY24-25 revenue. Bars show how many companies sit in each band.
Momentum
How fast revenue moved into FY24-25
Shrinking9
0–20%10
20–50%9
50–100%5
Doubled+3
36 companies with accounts for both years; median growth +16%.
Profitability
Profit is concentrated at the top
35profitable
1loss-making
16.6%aggregate margin
3.6%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
Company
Growth
Revenue
Laxmi Solar Power SystemsLAXMI SOLAR POWER SYSTEMS PRIVATE LIMITED
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
Accounting and Tax Software Industry Landscape of India
The financials above are one chapter. The full utilities landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.
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
Utilities funding and M&A across India
1 recorded equity rounds have gone to 125 utilities companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.
equity rounds, last 12 months0
US$0k
equity rounds, last 24 months0
US$0k
raised over five yearsUS$0k
0 rounds in India
M&A deals, India50
last 24 months
Capital by year
Equity funding into utilities in India
amount rounds
Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date.
Corporate activity · last 24 months
M&A in India
43Acquisition
7Merger
Most active acquirers
Power grid corporation of india17
Adani power9
Tata power7
Torrent Power6
Adani new industries5
Most acquired or merged
TUMKUR II RE Transmission Limited1
Jaiprakash power ventures1
JP Power (Jay Prakash Power Ventures Limited)1
28 wholly owned subsidiaries1
NES Pune East New Transmission Limited1
Each deal appears in the events strip at the top of the page.
Meet the people behind utilities companies in India. 46 of 108 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.
Fastest revenue growth
Utilities companies in India with the highest one-year revenue growth among those reporting at least ₹5 crore in revenue. Growth is the reported one-year change for the period shown.
Utilities
Provider of solar power systems and products for residential and commercial use
Revenue growth · 2024–2025Revenue · FY 2024-25
Founders
Details not available
Utilities
Manufacturer and exporter of coconut based steam activated carbon products
Power utility company responsible for the transmission, distribution, and supply of electricity, providing services to residential, commercial, and industrial consumers
News events · last 24 months4Across tracked business press
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