Azure Power - About the company
Azure Power is an acquired company based in Delhi (India), founded in 2008. It operates as a Provider of independent power producer in the utility scale renewable energy. Azure Power has raised $174M in funding from investors like Foundation Capital, Proparco and IFC, with last known valuation of ₹*****. The company has 112 active competitors, including 15 funded and 24 that have exited. Its top competitors include companies like Acciona Energy, Greenko Group and Adani Green Energy.
Company Details
Provider of independent power producer in the utility scale renewable energy. It has a portfolio of over 7.2 GWs of high-quality renewable energy assets, including some of the largest grid-scale renewable power projects. It supplies the generated power to government utilities, and independent industrial & commercial customers on long-term fixed price contracts.
- Website
- www.azurepower.com/
- Social
- Email ID
- *****@azurepower.com
- Phone Number
- +91 **********, +91 **********
- Registered Address
- DSC-304, Second Floor, DLF South Court, Saket District Centre, Saket (South Delhi), South Delhi, New Delhi, Delhi, India, 110017
Key Metrics
Founded Year
2008
Location
Delhi, India
Stage
Acquired
Total Funding
$174M in 16 rounds
Latest Funding Round
Last Known Valuation
₹***** as on Jul 17, 2014
Investors
Ranked
3rd among 112 active competitors
Annual Revenue
₹56.8Cr as on Mar 31, 2025
Employee Count
818 as on Mar 31, 2026
Exit Details
Acquired by CDPQ (Mar 09, 2020)
Legal entities associated with Azure Power
Azure Power is associated with 65 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
AZURE POWER SATURN PRIVATE LIMITED CIN: U40300DL2014PTC274382 , India, Active | Dec 20, 2014 | $847K (As on Mar 31, 2025) | - | |
RADIANCE SUNLIGHT PRIVATE LIMITED CIN: U40106DL2012PTC236099 , India, Active | May 18, 2012 | $110K (As on Mar 31, 2025) | - | |
AZURE POWER INFRASTRUCTURE PRIVATE LIMITED CIN: U40102DL2010PTC208927 , India, Active | Sep 30, 2010 | $4.59M (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY THREE PRIVATE LIMITED CIN: U40106DL2020PTC359765 , India, Active | Jan 03, 2020 | $3.12M (As on Mar 31, 2025) | - | |
AZURE POWER THIRTY FOUR PRIVATE LIMITED CIN: U40106DL2016PTC300663 , India, Active | May 31, 2016 | $11.9M (As on Mar 31, 2025) | - | |
AZURE POWER INDIA PRIVATE LIMITED CIN: U40106DL2008PTC174774 , India, Active | Feb 29, 2008 | $284M (As on Mar 31, 2025) | 326 (As on Aug 01, 2025) | |
AZURE POWER FORTY THREE PRIVATE LIMITED CIN: U40100DL2017PTC310862 , India, Active | Jan 20, 2017 | $45.8M (As on Mar 31, 2025) | 18 (As on Nov 30, 2024) | |
AZURE POWER FORTY PRIVATE LIMITED CIN: U40107DL2016PTC302018 , India, Active | Jun 24, 2016 | $7.21M (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY EIGHT PRIVATE LIMITED CIN: U40106DL2020PTC368395 , India, Active | Aug 22, 2020 | $4.48K (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY SIX PRIVATE LIMITED CIN: U40106DL2020PTC368173 , India, Active | Aug 18, 2020 | $414 (As on Mar 31, 2025) | - | |
AZURE POWER SIXTY PRIVATE LIMITED CIN: U40106DL2021PTC388805 , India, Active | Oct 23, 2021 | $3.12M (As on Mar 31, 2025) | - | |
AZURE CLEAN ENERGY PRIVATE LIMITED CIN: U40105DL2012PTC236882 , India, Active | Jun 04, 2012 | $5.18M (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY SEVEN PRIVATE LIMITED CIN: U40108DL2020PTC368374 , India, Active | Aug 22, 2020 | $189 (As on Mar 31, 2025) | - | |
AZURE POWER (KARNATAKA) PRIVATE LIMITED CIN: U40107DL2010PTC291031 , India, Active | May 12, 2010 | $1.94M (As on Mar 31, 2025) | - | |
AZURE POWER FORTY TWO PRIVATE LIMITED CIN: U40106DL2016PTC301848 , India, Strike off | Jun 22, 2016 | $108 (As on Mar 31, 2021) | - | |
AZURE POWER EARTH PRIVATE LIMITED CIN: U40300DL2014PTC273940 , India, Active | Dec 09, 2014 | $8.94M (As on Mar 31, 2025) | 1 (As on Mar 31, 2023) | |
AZURE GREEN TECH PRIVATE LIMITED CIN: U40106DL2012PTC237073 , India, Active | Jun 07, 2012 | $6.72M (As on Mar 31, 2025) | - | |
RADIANCE SUNENERGY PRIVATE LIMITED CIN: U40101DL2010PTC209417 , India, Active | Oct 18, 2010 | $353K (As on Mar 31, 2025) | - | |
AZURE POWER THIRTY NINE PRIVATE LIMITED CIN: U40101DL2016PTC301060 , India, Active | Jun 08, 2016 | $875 (As on Mar 31, 2025) | - | |
AZURE POWER ( PUNJAB ) PRIVATE LIMITED CIN: U40106DL2009PTC290476 , India, Active | Jan 27, 2009 | $910K (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY TWO PRIVATE LIMITED CIN: U40100DL2020PTC360279 , India, Active | Jan 15, 2020 | $4.73M (As on Mar 31, 2025) | - | |
AZURE POWER ROOFTOP ONE PRIVATE LIMITED CIN: U40300DL2017PTC316260 , India, Active | Apr 18, 2017 | $2.88M (As on Mar 31, 2025) | - | |
AZURE SUNRISE PRIVATE LIMITED CIN: U40106DL2012PTC236103 , India, Active | May 18, 2012 | $23.5M (As on Mar 31, 2025) | - | |
AZURE SURYA PRIVATE LIMITED CIN: U40300DL2010PTC209423 , India, Active | Oct 18, 2010 | $1.93M (As on Mar 31, 2025) | - | |
Azure Power Fifty Five Private Limited CIN: U40300DL2020PTC368144 , India, Active | Aug 17, 2020 | - | 552 (As on Dec 31, 2024) | |
AZURE POWER FORTY FOUR PRIVATE LIMITED CIN: U40300DL2017PTC311196 , India, Active | Feb 01, 2017 | $1.2M (As on Mar 31, 2025) | - | |
AZURE SUNSHINE PRIVATE LIMITED CIN: U40106DL2012PTC237070 , India, Active | Jun 07, 2012 | $3.64M (As on Mar 31, 2025) | - | |
AZURE POWER THIRTY SEVEN PRIVATE LIMITED CIN: U40300DL2016PTC299122 , India, Active | May 05, 2016 | $11.9M (As on Mar 31, 2025) | - | |
AZURE POWER MERCURY PRIVATE LIMITED CIN: U40100DL2014PTC273986 , India, Active | Dec 10, 2014 | $412K (As on Mar 31, 2025) | - | |
AZURE POWER VENUS PRIVATE LIMITED CIN: U40106DL2015PTC275034 , India, Active | Jan 05, 2015 | $3.98M (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY ONE PRIVATE LIMITED CIN: U40106DL2019PTC359448 , India, Active | Dec 27, 2019 | $1.97M (As on Mar 31, 2025) | - | |
AZURE POWER THIRTY EIGHT PRIVATE LIMITED CIN: U40300DL2016PTC301837 , India, Active | Jun 22, 2016 | $888K (As on Mar 31, 2025) | - | |
AZURE POWER PLUTO PRIVATE LIMITED CIN: U40300DL2014PTC273942 , India, Active | Dec 09, 2014 | $16.4M (As on Mar 31, 2025) | - | |
AZURE POWER MARS PRIVATE LIMITED CIN: U40300DL2014PTC273939 , India, Active | Dec 09, 2014 | $691K (As on Mar 31, 2025) | - | |
AZURE POWER ROOFTOP FIVE PRIVATE LIMITED CIN: U40106DL2017PTC317611 , India, Active | May 17, 2017 | $1.98M (As on Mar 31, 2025) | - | |
AZURE POWER SIXTY THREE PRIVATE LIMITED CIN: U40106DL2022PTC394361 , India, Active | Feb 25, 2022 | $14.5K (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY FOUR PRIVATE LIMITED CIN: U40106DL2020PTC360303 , India, Active | Jan 15, 2020 | $3.12M (As on Mar 31, 2025) | - | |
AZURE POWER THIRTY SIX PRIVATE LIMITED CIN: U40108DL2016PTC299126 , India, Active | May 05, 2016 | $5.44M (As on Mar 31, 2025) | - | |
AZURE POWER ROOFTOP (GENCO.) PRIVATE LIMITED CIN: U40100DL2017PTC315765 , India, Active | Apr 07, 2017 | $4.82M (As on Mar 31, 2025) | 28 (As on Feb 28, 2022) | |
RADIANCE SUNSHINE POWER PRIVATE LIMITED CIN: U40106DL2012PTC236146 , India, Active | May 18, 2012 | $366K (As on Mar 31, 2025) | 1 (As on Jan 31, 2022) | |
AZURE POWER THIRTY THREE PRIVATE LIMITED CIN: U40300DL2016PTC298811 , India, Active | Apr 30, 2016 | $17.7M (As on Mar 31, 2025) | 19 (As on Nov 30, 2024) | |
AZURE POWER URANUS PRIVATE LIMITED CIN: U40108DL2015PTC275032 , India, Active | Jan 05, 2015 | $712K (As on Mar 31, 2025) | - | |
AZURE POWER FIFTY NINE PRIVATE LIMITED CIN: U40100DL2021PTC388833 , India, Active | Oct 23, 2021 | $3.12M (As on Mar 31, 2025) | - | |
AZURE SOLAR PRIVATE LIMITED CIN: U40106DL2010PTC209414 , India, Active | Oct 18, 2010 | $5.9M (As on Mar 31, 2025) | 17 (As on Apr 30, 2019) | |
AZURE POWER ROOFTOP SIX PRIVATE LIMITED CIN: U40106DL2017PTC317742 , India, Active | May 18, 2017 | $509 (As on Mar 31, 2025) | - | |
AZURE POWER FORTY ONE PRIVATE LIMITED CIN: U40300DL2016PTC301090 , India, Active | Jun 08, 2016 | $22.9M (As on Mar 31, 2025) | 6 (As on Dec 31, 2024) | |
AZURE POWER ROOFTOP PRIVATE LIMITED CIN: U40108DL2017FTC315574 , India, Active | Apr 05, 2017 | $7.81M (As on Mar 31, 2025) | 28 (As on Feb 28, 2022) | |
AZURE POWER ( HARYANA ) PRIVATE LIMITED CIN: U40108DL2009PTC291351 , India, Active | Feb 20, 2009 | $3.54M (As on Mar 31, 2025) | - | |
AZURE POWER SIXTY FOUR PRIVATE LIMITED CIN: U40106DL2022PTC394302 , India, Active | Feb 24, 2022 | $781 (As on Mar 31, 2025) | - | |
Azure Power Forty Six Private Limited CIN: U40300DL2017PTC311198 , India, Active | Jan 31, 2017 | - | 2 (As on Feb 28, 2021) | |
AZURE POWER (RAJASTHAN) PRIVATE LIMITED CIN: U40101DL2010PTC204588 , India, Active | Jun 24, 2010 | $1.13M (As on Mar 31, 2025) | - | |
AZURE POWER THIRTY FIVE PRIVATE LIMITED CIN: U40300DL2016PTC299507 , India, Strike off | May 11, 2016 | $889 (As on Mar 31, 2021) | - | |
AZURE POWER ROOFTOP FOUR PRIVATE LIMITED CIN: U40106DL2017PTC317843 , India, Active | May 19, 2017 | $2.26M (As on Mar 31, 2025) | - | |
AZURE POWER ROOFTOP TWO PRIVATE LIMITED CIN: U40300DL2017PTC316102 , India, Active | Apr 13, 2017 | $63.1K (As on Mar 31, 2025) | - | |
AZURE PHOTOVOLTAIC PRIVATE LIMITED CIN: U40300DL2010PTC209803 , India, Active | Oct 25, 2010 | $6.31M (As on Mar 31, 2025) | - | |
AZURE POWER JUPITER PRIVATE LIMITED CIN: U40104DL2015PTC274952 , India, Active | Jan 03, 2015 | $4.35M (As on Mar 31, 2025) | - | |
AZURE POWER MAPLE PRIVATE LIMITED CIN: U40106DL2017PTC324594 , India, Active | Oct 06, 2017 | $19.5M (As on Mar 31, 2025) | - | |
AZURE POWER SIXTY TWO PRIVATE LIMITED CIN: U40106DL2021PTC390823 , India, Active | Dec 03, 2021 | $2.08M (As on Mar 31, 2025) | - | |
AZURE POWER SIXTY SIX PRIVATE LIMITED CIN: U40106DL2022PTC397867 , India, Active | May 05, 2022 | $12 (As on Mar 31, 2025) | - | |
AZURE POWER SIXTY FIVE PRIVATE LIMITED CIN: U40100DL2022PTC397865 , India, Active | May 05, 2022 | $816 (As on Mar 31, 2025) | - | |
AZURE URJA PRIVATE LIMITED CIN: U40300DL2010PTC209420 , India, Active | Oct 18, 2010 | $5.36M (As on Mar 31, 2025) | - | |
AZURE POWER (RAJ.) PRIVATE LIMITED CIN: U40106DL2010PTC207053 , India, Active | Aug 13, 2010 | $6.17M (As on Mar 31, 2025) | - | |
AZURE POWER ERIS PRIVATE LIMITED CIN: U40300DL2014PTC273917 , India, Active | Dec 09, 2014 | $925K (As on Mar 31, 2025) | - | |
AZURE POWER (GUJRAT) PRIVATE LIMITED CIN: U40106GJ2010PTC060431 , India, Active | Apr 26, 2010 | $387K (As on Mar 31, 2025) | - | |
AZURE POWER MAKEMAKE PRIVATE LIMITED CIN: U40106DL2015PTC274954 , India, Active | Jan 03, 2015 | $4.41M (As on Mar 31, 2025) | 1 (As on May 31, 2023) |
Azure Power's acquisition details
Azure Power got acquired by CDPQ on Mar 09, 2020.
Click here to take a look at Azure Power's acquisition in detail
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Azure Power's funding and investors
Azure Power has raised a total funding of $174M over 16 rounds. Its first funding round was on Nov 18, 2008. Its latest funding round was a Post IPO round on Jul 30, 2021 for $*****. 1 investor participated in its latest round. Azure Power has 14 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Azure Power:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 30, 2021 | 7773917 | Post IPO | 7519339 | 6151931 | 1019122 | 8238129 |
Nov 08, 2019 | 2028210 | Post IPO | 5482241 | 5276163 | 7255182 | |
Oct 22, 2018 | 7967802 | Post IPO | 4907442 | 7090773 | 1374396 |
Access funding benchmarks and valuations. Sign up today!View details of Azure Power's funding rounds and investors
Azure Power's founders and board of directors
Founder? Claim ProfileHere are the details of Azure Power's key team members:
- Sunil Gupta: CEO of Azure Power. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
Azure Power's Board of Directors
Azure Power's board has 5 active members. Sunil Gupta is part of team and Supriya Prakash Sen, Delphine Voeltzel, Jean Francois Joseph Boisvenu and Richard Payette are independent board members.Here is the list of Azure Power's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
dnqrjyy | Team | - | Past | 2y 5m |
pwmuhxx | Team | - | Current | 4y 8m |
ciwlmlr | Team | - | Past | 7y 3m |
jpyvlhf | Team | - | Past | 9y 1m |
oifyzyb | Investor | oztvq{a | Past | 3y 5m |
Independent board member | - | Current | 3y 11m | |
ojc{bto | Independent board member | - | Current | 6y 5m |
qiwokyl | Independent board member | - | Past | 8y 6m |
qdpellm | Independent board member | - | Past | 6y 1m |
blawtac | Independent board member | - | Past | 1y 8m |
okorxdg | Independent board member | - | Past | 9y 7m |
uwacpdb | Independent board member | - | Past | 5y 8m |
rjsoqxd | Independent board member | - | Past | 6y 9m |
kvljbnj | Independent board member | - | Past | 1y 6m |
ajtckfb | Independent board member | - | Past | 5y 7m |
View details of Azure Power's Founder profiles and Board Members
Azure Power's employee count trend
Azure Power has 818 employees as of Mar 26. Here is Azure Power's employee count trend over the years:
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Azure Power's Competitors and alternates
Top competitors of Azure Power include Acciona Energy, Greenko Group and Adani Green Energy. Here is the list of Top 10 competitors of Azure Power, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Acciona Energy 1997, Madrid (Spain), Public | Provider of renewable energy solutions | $567M | 72/100 | |
2nd | Greenko Group 2006, Hyderabad (India), Series F | Provider of energy transition and decarbonization solutions | $943M | 72/100 | |
3rd | Azure Power 2008, Delhi (India), Acquired | Provider of independent power producer in the utility scale renewable energy | $174M | 71/100 | |
4th | Adani Green Energy 2012, Ahmedabad (India), Public | Independent power producer from renewable energy sources | - | 71/100 | |
5th | Hindustan Powerprojects 2008, Delhi (India), Late Stage | Conventional and clean energy generating company | $439M | 70/100 | |
6th |  Avaada Group 2009, Mumbai (India), Series A | Renewable energy company specializing in solar, wind, green fuels, and energy storage solutions | $879M | 69/100 | |
7th | SolarArise 2009, Gurugram (India), Acquired | Developer of solar energy projects | $64.5M | 68/100 | |
8th | Provider of renewable energy solutions | - | 68/100 | ||
9th |  ACME Group 2003, Gurugram (India), Series D | Developer of solar energy projects | $212M | 66/100 | |
10th | Micro-Grid power generation | $82.6M | 64/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Azure Power's competitors? Click here to see the top ones
Azure Power's Investments and acquisitions
Azure Power has made 2 investments in Birch and Premier Energies. Azure Power has not made any acquisitions as of now.Reports related to Azure Power
Here is the latest report on Azure Power's sector:
News related to Azure Power
Filter this listMedia has covered Azure Power for a total of 4 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
•
Azure Power halts JV partner search; Tynor Orthotics revives sale planVCCircle•Aug 25, 2025•Azure Power
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APTEL Directs DISCOM to Pay ₹6.89/kWh to Azure Power for 50 MW Solar ProjectsMercom India•Jun 11, 2025•Azure Power
•
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Vr Porting Studio Flat2vr Announces 4 More Games Getting Official Vr SupportRoad to VR•Mar 11, 2025•Bolverk Games, Running with Thieves, Zojoi, Azure Power and 1 other
•
Power regulator questions transfer of Azure's 2333 MW share to AGELIndiatimes•Dec 04, 2024•Azure Power, Adani Green Energy
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Azure Power secures REC and HSBC refinancing, completes early bond prepaymentv magazine•Oct 19, 2024•Azure Power, HSBC Australia, REC, HSBC
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Azure Power to Prepay Green Bonds of $310 Million Maturing in DecemberMercom India•Sep 10, 2024•Azure Power, REC
•
Azure Power Refinances Green Bonds with INR 24 Billion Term Loan from REC LimitedSolarQuarter•Sep 09, 2024•Azure Power, REC
•
Azure Power Gets ₹13 Billion Refinancing for 300 MW Solar Project from HSBCMercom India•Aug 08, 2024•Azure Power, HSBC
•
Azure Power appoints Chairman of the Board of DirectorsAsian News International•May 10, 2024•Azure Power, RBL Bank
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