What we do IND Renewable Energy Limited specializes in rooftop solar power solutions, fostering clean energy adoption in India with a focus on sustainable electricity generation. |
Founded in 2,011 |
Market share Niche player in rooftop solar sector with growing presence in Mumbai and diversified funding portfolio. |
Problem solved Provides clean, renewable energy alternatives to reduce reliance on fossil fuels and lower carbon footprint for commercial and residential buildings. |
Top clients or who we serve B2B and corporate clients seeking rooftop solar installations for energy sustainability. |
Key management - |
Our journey and innovations Commissioned a 100 KW rooftop solar plant in Mumbai in 2016-17, shifting from investment holding to renewable energy deployment. |
Where we operate Primarily operates within India, focusing on Mumbai and Maharashtra regions. |
Top products or what we offer Rooftop solar power plants and related renewable energy services. |
Top brands - |
Raw materials needed Solar panels, photovoltaic cells, mounting structures, electrical components. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from project-based installations; some recurring income through power purchase agreements. |
Our industry position Positioned as a small but focused renewable energy company with steady growth potential. |
Financial highlights Total income Rs. 37.96 Lakhs in FY 2024; profit Rs. 4.54 Lakhs, showing positive turnaround from previous year's loss. |
Geographical revenue split Revenue mainly from operations in Maharashtra state, India. |
Order book - |
Whats driving growth Increasing demand for renewable energy, government incentives, and corporate sustainability mandates. |
Our future plans Expansion in rooftop solar installations and diversifying funding to reduce borrowing costs. |
Our green promise Committed to environmental sustainability through promoting solar power and reducing carbon emissions. |
Our people and values Small employee base emphasizing integrity, compliance, and sustainable business values. |
Key challenges ahead Scaling operations, competition from large solar firms, and regulatory compliance. |
Interesting facts Evolved from an investment holding subsidiary to active renewable energy project developer. |
Risks and strategy Market competition and regulation risks mitigated by diversified funding and strategic project focus. |
