When was Avaada Group founded?

Avaada Group was founded in 2009 and raised its 1st funding round 10 years after it was founded.

Where is Avaada Group located?

Avaada Group is headquartered in Mumbai, India. It is registered at 406, 4th Floor, Solaris One, N. S. Phadke Marg, Andheri East, Mumbai, Mumbai, Maharashtra, India, 400069.

Which legal entities is Avaada Group associated with?

Avaada Group is associated with AVAADA ENERGY PRIVATE LIMITED and 53 others.

How many employees does Avaada Group have?

As of Feb 28, 2025, the latest employee count at Avaada Group is 2935.

Is Avaada Group a funded company?

Avaada Group is a funded company, having raised a total of $879M across 6 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 09, 2019.

How much is Avaada Group worth?

The latest valuation of Avaada Group is $***** as of Jan 18, 2022.

When was the latest funding round of Avaada Group?

Avaada Group's latest funding was a $***** Conventional Debt round on May 02, 2024, with participation from 1 investor.

What is the annual revenue of Avaada Group?

Annual revenue of Avaada Group is more than ₹1,000 Cr as on Mar 31, 2025

Where does Avaada Group rank among its competitors?

Avaada Group ranks 1st amongst 343 active competitors, of which 27 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Heliogen, which secured $13.9M in Jun, 2025.

Who are the top competitors of Avaada Group?

Avaada Group's top competitors include Abengoa, Heliogen and Absolicon Solar Concentrator. Among them, Heliogen secured the most recent funding round in June, 2025.

Avaada Group - 2026 Company Profile, Team, Funding, Competitors & Financials

Avaada Group is a series A company based in Mumbai (India), founded in 2009 by Vineet Mittal and Sayed Shahzen. It operates as a Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions. Avaada Group has raised $879M in funding from GPSC, with a current valuation of $*****. The company has 343 active competitors, including 27 funded and 19 that have exited. Its top competitors include companies like Abengoa, Heliogen and Absolicon Solar Concentrator.

Company Details

Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions. It develops renewable energy projects, manufactures solar PV modules, and offers solutions for pumped hydro and battery energy storage. The company is also involved in the production of green fuels like green ammonia, green methanol, and sustainable aviation fuel.

Website: www.avaada.com
Social
Email ID: *****@avaada.com
Phone Number: +91 **********
Registered Address: 406, 4th Floor, Solaris One, N. S. Phadke Marg, Andheri East, Mumbai, Mumbai, Maharashtra, India, 400069

Key Metrics

Founded Year

2009

Location

Mumbai, India

Stage

Series A

Total Funding

$879M in 6 rounds

Latest Funding Round

Conventional Debt, May 02, 2024, $*****

Post Money Valuation

$***** as on Jan 18, 2022

Investors

GPSC & 10 more

Ranked

1^st among 343 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

2,935 as on Feb 28, 2025

Similar Companies

Abengoa & 286 more

View Avaada Group's full profile

Avaada Group is associated with 54 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
AVAADA NON-CONVENTIONAL UPPROJECT PRIVATE LIMITED CIN: U40200MH2018PTC436053 , India, Active	May 02, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
KMF NANDINI AVAADA KN PRIVATE LIMITED CIN: U35106UP2023PTC180349 , India, Active	Apr 19, 2023	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
AVAADA MHVIDARBHA PRIVATE LIMITED CIN: U40106UP2021PTC144594 , India, Active	Apr 05, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
AVAADA CLEAN PROJECT PRIVATE LIMITED CIN: U40107DL2018PTC330289 , India, Active	Mar 05, 2018	₹1,000+ Cr (As on Mar 31, 2025)	686 (As on Apr 01, 2026)
AVAADA GREEN APPROJECT PRIVATE LIMITED CIN: U40106DL2018PTC337780 , India, Strike off	Aug 23, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	-
AVAADA SOLAR UPJAMINI PRIVATE LIMITED CIN: U40106DL2018PTC336097 , India, Strike off	Jul 03, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	-
Fermi Solarfarms Private Limited CIN: U40106MH2013FTC440053 , India, Active	Feb 28, 2013	₹50 - ₹100 Cr (As on Mar 31, 2025)	4 (As on May 31, 2025)
Avaada Solar Energy Private Limited CIN: U40104MH2015PTC436170 , India, Active	Jan 12, 2015	₹100 - ₹500 Cr (As on Mar 31, 2025)	4 (As on May 31, 2025)
Avaada Sunrise Energy Private Limited CIN: U40100MH2018PTC436171 , India, Active	Jun 20, 2018	₹100 - ₹500 Cr (As on Mar 31, 2025)	11 (As on May 31, 2025)
AVAADA FOUNDATION CIN: U93090MH2018NPL309597 , India, Active	May 18, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	48 (As on Feb 28, 2025)
AVAADA POWER TRADING PRIVATE LIMITED CIN: U45500DL2018PTC336887 , India, Active	Jul 24, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	1694 (As on Feb 28, 2025)
AVAADA TECHNOLOGIES PRIVATE LIMITED CIN: U75232MH2018PTC305252 , India, Strike off	Feb 20, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	60 (As on Feb 28, 2025)
AVAADA MHGREEN PRIVATE LIMITED CIN: U40100UP2022PTC166749 , India, Active	Jun 29, 2022	₹50 - ₹100 Cr (As on Mar 31, 2025)	-
CLEAN SUSTAINABLE ENERGY PRIVATE LIMITED CIN: U40300MH2013PTC248435 , India, Active	Sep 23, 2013	₹50 - ₹100 Cr (As on Mar 31, 2025)	2 (As on May 31, 2025)
AVAADA FLOATING SOLAR MH PRIVATE LIMITED CIN: U40200MH2018PTC306432 , India, Strike off	Mar 13, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	13 (As on Feb 28, 2025)
AVAADA CLEAN SUSTAINABLE ENERGY PRIVATE LIMITED CIN: U40109MH2017PTC302345 , India, Active	Dec 01, 2017	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
SOLARSYS NON-CONVENTIONAL ENERGY PRIVATE LIMITED CIN: U40108MH2006PTC165672 , India, Active	Nov 20, 2006	₹50 - ₹100 Cr (As on Mar 31, 2025)	3 (As on Feb 28, 2025)
AVAADA SOLAR PROJECT PRIVATE LIMITED CIN: U40106MH2017PTC303169 , India, Strike off	Dec 21, 2017	-	3 (As on Feb 28, 2025)
AVAADA SUNBEAM ENERGY PRIVATE LIMITED CIN: U40100MH2018PTC306827 , India, Active	Mar 20, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	-
AVAADA SUNENERGY PRIVATE LIMITED CIN: U40300UP2022PTC167507 , India, Active	Jul 13, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	1 (As on May 31, 2025)
AVAADA KNGREEN PRIVATE LIMITED CIN: U40100UP2022PTC167379 , India, Active	Jul 11, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-
AVAADA GREENH2 PRIVATE LIMITED CIN: U40100UP2022PTC165292 , India, Active	Jun 02, 2022	₹50 - ₹100 Cr (As on Mar 31, 2025)	-
AVAADA RJSUSTAINABLE PRIVATE LIMITED CIN: U40106UP2022PTC166951 , India, Active	Jul 04, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	-
AVAADA SEMICONDUCTOR PRIVATE LIMITED CIN: U31909MH2018PTC306452 , India, Strike off	Mar 14, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	-
AVAADA INDSOLAR PRIVATE LIMITED CIN: U40108UP2021PTC147972 , India, Active	Jun 29, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
AVAADA SUNSHINE ENERGY PRIVATE LIMITED CIN: U40106MH2021PTC436602 , India, Active	Jun 21, 2021	₹100 - ₹500 Cr (As on Mar 31, 2025)	-
Avaada Solarise Energy Private Limited CIN: U40300MH2018PTC440054 , India, Active	Sep 05, 2018	₹100 - ₹500 Cr (As on Mar 31, 2025)	4 (As on May 31, 2025)
AVAADA GREEN RJPROJECT PRIVATE LIMITED CIN: U40300DL2018PTC337401 , India, Strike off	Aug 10, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	-
AVAADA CLEAN TNPROJECT PRIVATE LIMITED CIN: U40300DL2018PTC337369 , India, Active	Aug 09, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	2 (As on May 31, 2025)
AVAADA SOLAR UPKHAPRAR PRIVATE LIMITED CIN: U40300DL2018PTC333609 , India, Active	May 08, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	72 (As on Feb 28, 2025)
Avaada Green Hnproject Private Limited CIN: U40300MH2018PTC437445 , India, Active	May 07, 2018	₹10 - ₹50 Cr (As on Mar 31, 2025)	2 (As on May 31, 2025)
AVAADA GREEN KNPROJECT PRIVATE LIMITED CIN: U40300DL2018PTC333010 , India, Active	Apr 24, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	42 (As on Feb 28, 2025)
Avaada Non-conventional Upprojectprivate Limited CIN: U40200DL2018PTC333311 , India, Active	May 01, 2018	-	3 (As on Feb 28, 2025)
AVAADA RENEWABLE ENERGY PRIVATE LIMITED CIN: U40106GJ2018PTC103885 , India, Strike off	Sep 04, 2018	0 - ₹10 Cr (As on Mar 31, 2020)	-
AVAADA MHKHAMGAON PRIVATE LIMITED CIN: U40300UP2019PTC124398 , India, Active	Dec 11, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	1 (As on May 31, 2025)
AVAADA SUNRAYS ENERGY PRIVATE LIMITED CIN: U40300UP2019PTC123689 , India, Active	Nov 21, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	3 (As on May 31, 2025)
AVAADA SUNCE ENERGY PRIVATE LIMITED CIN: U40300UP2018PTC128633 , India, Active	Apr 05, 2018	₹100 - ₹500 Cr (As on Mar 31, 2025)	5 (As on May 31, 2025)
AVAADA KNSOLAR PRIVATE LIMITED CIN: U40106UP2021PTC143855 , India, Active	Mar 19, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	1 (As on Nov 30, 2023)
AVAADA MHYAVAT PRIVATE LIMITED CIN: U40106UP2019PTC124061 , India, Active	Dec 03, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	51 (As on Feb 28, 2025)
AVAADA MHAMRAVATI PRIVATE LIMITED CIN: U40106UP2019PTC124014 , India, Active	Dec 02, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
AVAADA MHSUSTAINABLE PRIVATE LIMITED CIN: U40106UP2019PTC123961 , India, Active	Nov 28, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	9 (As on May 31, 2025)
AVAADA BANKABIHAR PRIVATE LIMITED CIN: U40106UP2019PTC123956 , India, Active	Nov 28, 2019	0 - ₹10 Cr (As on Mar 31, 2025)	3 (As on May 31, 2025)
AVAADA HNADAMPUR PRIVATE LIMITED CIN: U40106UP2019PTC123910 , India, Active	Nov 27, 2019	0 - ₹10 Cr (As on Mar 31, 2025)	-
AVAADA MHBULDHANA PRIVATE LIMITED CIN: U40106UP2019PTC123909 , India, Active	Nov 27, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	1 (As on May 31, 2025)
AVAADA RJHN PRIVATE LIMITED CIN: U40106UP2019PTC123855 , India, Active	Nov 26, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	2 (As on May 31, 2025)
AVAADA SUSTAINABLE RJPROJECT PRIVATE LIMITED CIN: U40106UP2019PTC123601 , India, Active	Nov 20, 2019	₹100 - ₹500 Cr (As on Mar 31, 2025)	3 (As on Apr 30, 2025)
AVAADA MHSOLAR PRIVATE LIMITED CIN: U40100UP2020PTC135375 , India, Active	Sep 29, 2020	0 - ₹10 Cr (As on Mar 31, 2025)	-
AVAADA SATARAMH PRIVATE LIMITED CIN: U40100UP2019PTC124019 , India, Active	Dec 02, 2019	₹50 - ₹100 Cr (As on Mar 31, 2025)	3 (As on May 31, 2025)
AVAADA SUSTAINABLE ENERGY PRIVATE LIMITED CIN: U40106MH2015PTC436052 , India, Active	Jan 27, 2015	₹10 - ₹50 Cr (As on Mar 31, 2025)	2 (As on May 31, 2025)
Avaada Clean Energy Private Limited CIN: U40106MH2015PTC436054 , India, Active	Jan 12, 2015	0 - ₹10 Cr (As on Mar 31, 2025)	1 (As on May 31, 2025)
Avaada Non-conventional Energy Private Limited CIN: U40106MH2015PTC437169 , India, Active	Jan 23, 2015	₹10 - ₹50 Cr (As on Mar 31, 2025)	1 (As on Feb 28, 2025)
Avaada Ventures Private Limited CIN: U40106MH2007PTC318041 , India, Active	Jun 26, 2007	-	133 (As on Feb 28, 2025)
AVAADA ENERGY PRIVATE LIMITED CIN: U80221MH2007PTC336458 , India, Active	Dec 29, 2007	₹1,000+ Cr (As on Mar 31, 2025)	610 (As on Mar 01, 2026)
Avaada Power Private Limited CIN: U35106MH2007PTC318041 , India, Active	Jun 27, 2007	₹1,000+ Cr (As on Mar 31, 2025)	3 (As on Apr 30, 2025)

Avaada Group has raised a total funding of $879M over 6 rounds. Its first funding round was on Apr 09, 2019. Its latest funding round was a Conventional Debt round on May 02, 2024 for $*****. 1 investor participated in its latest round. Avaada Group has 7 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Avaada Group:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 02, 2024	5249360	Conventional Debt	1387216	1683681	6740013	6448385
Jun 28, 2023	8516828	Series A	8040525	1526028	5658600	Brookfield Asset Management
Jul 11, 2021	5412190	Series A	6080643	2206067	GPSC	2493819

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View details of Avaada Group's funding rounds and investors

The founders of Avaada Group are Vineet Mittal and Sayed Shahzen. Angshuman Rudra and Kishor Nair are the CEOs of Avaada Group.

Here are the details of Avaada Group's key team members:

Vineet Mittal: Founder of Avaada Group and founder of 3 other companies, Avaada Foundation, Avaada Solar and Avaada. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Sayed Shahzen: Business Owner of Avaada Group.
Kishor Nair: CEO of Avaada Group. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number

Avaada Group's Board of Directors

Avaada Group's board has 10 active members. Vineet Mittal, Sindoor Vineet Mittal, Thozhutharathu Ramachandran Kishor Nair, Vineet Mittal and Kishor Nair are part of team and Sirobon Boontaworn, Panporn Sasananan ., Rosaya Teinwan, Thitipong Jurapornsiridee and Sindoor Mittal are independent board members.

Here is the list of Avaada Group's board of directors:

Name	Type	Representing	Status	Duration
xzgkicx	Team	-	Past	6y 6m
sjhlaut	Team	-	Current	7y 4m
mhhziny	Team	-	Current	6y 8m
tankq{x	Team	-	Current	1y 4m
yftibwp	Team	-	Past	3y 8m
Panporn Sasananan .	Independent board member	-	Current	1y 9m
dnpqdkk	Independent board member	-	Current	2y 4m
teeueo{	Independent board member	-	Current	2y 4m
qnovwjv	Independent board member	-	Current	9y 2m
ytarzzq	Independent board member	-	Past	2y 2m
ijlvict	Independent board member	-	Past	3y 7m
rrywa{v	Independent board member	-	Past	7y 5m
lgpqxlw	Independent board member	-	Past	5y 9m
mwpvxvv	Independent board member	-	Past	9y 4m
qhncxhf	Independent board member	-	Past	6y 2m
butqyym	Independent board member	-	Past	2y 3m
im{wloi	Independent board member	-	Past	3y 4m
eautpyf	Independent board member	-	Past	8y 3m
szlhdra	Independent board member	-	Past	6y 4m
ezcostn	Independent board member	-	Past	3y 6m

View details of Avaada Group's Founder profiles and Board Members

Avaada Group's employee count trend

Avaada Group has 2,935 employees as of Feb 25. Here is Avaada Group's employee count trend over the years:

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Top competitors of Avaada Group include Abengoa, Heliogen and Absolicon Solar Concentrator. Here is the list of Top 10 competitors of Avaada Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avaada Group 2009, Mumbai (India), Series A	Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions	$879M	Brookfield Asset Management, Proparco & 9 others	66/100
2nd	Abengoa 1941, Seville (Spain), Public	Provider of energy and water & waste management services	-	EIG Global Energy Partners, First Reserve ... & 4 others	65/100
3rd	Heliogen 2013, Pasadena (United States), Acquired	Producer of hydrogen and syngas using sunlight	$111M	Prime Movers Lab, ArcelorMittal & 24 others	56/100
4th	Absolicon Solar Concentrator 2007, Harnosand (Sweden), Seed	Manufactures solar concentrator	$1.33M	Europa, Investa & 2 others	47/100
5th	Ausra 2000, Mountain View (United States), Acquired	Solar energy technologies	$126M	Azimuth Capital Management, Generation Investment Management ... & 4 others	43/100
6th	TVP Solar 2008, Geneva (Switzerland), Series B	Manufactures high temperature to low temperature solar thermal products	$19M	Agility, Europa & 1 others	43/100
7th	Hyperlight Energy 2007, San Diego (United States), Series A	Solar fresnel and CSP technology developer	$2.02M	California Energy Commission, EvoNexus & 1 others	42/100
8th	Space Solar 2022, Didcot (United Kingdom), Seed	Developer of space-based solar power technology for clean energy generation	$508K	Plug and Play Tech Center	41/100
9th	Aalborg CSP 1987, Aalborg (Denmark), Funding Raised	Industrial solar heating solutions developer	-	Europa	41/100
10th	eSolar 2007, Pasadena (United States), Deadpooled	Constructs solar thermal power plant	$240M	Oak Investment Partners, NRG Energy & 4 others	40/100