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IREDA - About the company
IREDA is a public company based in Delhi (India), founded in 1987 by Pradip Kumar Das. It operates as a Non-banking financial institution engaged in promoting, developing and extending financial assistance for renewable energy projects. IREDA has raised an undisclosed amount in funding. The company has 18 active competitors, including 1 funded and 10 that have exited. Its top competitors include companies like REC, Two Point O Capital and HUDCO.
Company Details
Non-banking financial institution engaged in promoting, developing and extending financial assistance for renewable energy projects. It offers services to solar, wind, bio, hydro, and waste to energy sectors.
- Website
- ireda.in
- Social
- Email ID
- *****@ireda.in
- Phone Number
- +91 **********
- Registered Address
- INDIA HABITAT CENTRE1ST FLOOR EAST COURT CORE 4 A LODHI ROAD NEW DELHI , Unclassified DL 110003
Key Metrics
Founded Year
1987
Location
Delhi, India
Stage
Public
Latest Funding Round
Investors
Ranked
1st among 18 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2026
Employee Count
208 as on Mar 31, 2026
Investment & Acquisitions
Exit Details
Public
Legal entities associated with IREDA
IREDA is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Indian Renewable Energy Development Agency Limited CIN: L65100DL1987GOI027265 , India, Active | Mar 10, 1987 | ₹1,000+ Cr (As on Mar 31, 2026) | 223 (As on Apr 01, 2026) |
IREDA's IPO details
IREDA got listed on Nov 29, 2023.
Click here to take a look at IREDA's IPO in detail
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IREDA's funding and investors
IREDA has raised funding over 1 round. Its latest funding round was a Post IPO round on Jun 11, 2025 for $*****. 4 investors participated in its latest round. IREDA has 4 institutional investors.
Here is the list of recent funding rounds of IREDA:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 11, 2025 | 7414767 | Post IPO | 8375349 | 4909516 | 3931273 | 9805822 |
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IREDA's founders and board of directors
Founder? Claim ProfileThe founders of IREDA is Pradip Kumar Das.
Here are the details of IREDA's key team members:
- Pradip Kumar Das: MD & Chairman of IREDA.
View details of IREDA's Founder profiles and Board Members
IREDA's employee count trend
IREDA has 208 employees as of Mar 26. Here is IREDA's employee count trend over the years:
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IREDA's Competitors and alternates
Top competitors of IREDA include REC, Two Point O Capital and HUDCO. Here is the list of Top 10 competitors of IREDA, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Non-banking financial institution engaged in promoting, developing and extending financial assistance for renewable energy projects | - | 63/100 | ||
2nd | Provider of infrastructural financing firm | - | 62/100 | ||
3rd |  Two Point O Capital 2024, Mumbai (India), Seed | Provider of financing solutions for energy transition projects and businesses | $6.3M | 57/100 | |
4th | Provider of government programs access & development services | - | - | 54/100 | |
5th | Diversified conglomerates operates across multiple industries and infrastructure finance services | - | 53/100 | ||
6th |  Power Finance 1986, Delhi (India), Public | Provider of financial assistance and solutions to the power sector | - | 52/100 | |
7th | PTC India Financial 2006, Delhi (India), Public | Online platform for financial services focused on infrastructure and power | $39.5M | 48/100 | |
8th | Developers of real estate and transmission infrastructure | $873M | 45/100 | ||
9th | Infrastructure financing firm | - | - | 43/100 | |
10th | IL&FS Financial Service 1995, Mumbai (India), Funding Raised | Infrastructure financing firm | - | 37/100 |
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IREDA's Investments and acquisitions
IREDA has not made any acquisitions yet. IREDA has made 4 investments.Here is the list of latest three $investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 14, 2025 | Investments | 2010 | Delhi (India) | |
Feb 06, 2024 | Investments | 2016 | Delhi (India) | |
Jun 27, 2023 | Investments | 2020 | Bengaluru (India) |
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Reports related to IREDA
Here is the latest report on IREDA's geography:
News related to IREDA
Filter this listMedia has covered IREDA for a total of 18 events in the last 1 year, 4 of them have been about company updates and 1 about people movement.
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Vikran Engineering Subsidiary Secures ₹29.41 Billion Loan from IREDA for 969 MW Solar ProjectMercom India•Oct 13, 2026•IREDA
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India's Solar Imports Jump 50% YoY in Q2; Aditya Birla Renewables Secures $1.6 Billion LoanMercom India•Aug 24, 2026•Murugappa Group, Aditya Birla Group, IREDA
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IREDA Reports 15% Revenue Growth in Q1 FY27 Driven by Increased Loan InterestMercom India•Aug 22, 2026•IREDA
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Hindustan Power Secures IREDA Debt for 300 MW Solar Project in Uttar PradeshRenewables Now•Aug 21, 2026•Hindustan Power, IREDA
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Hindustan Power Secures Financing for 435 MW Solar Project in Uttar PradeshMercom India•Aug 21, 2026•Hindustan Power, IREDA
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2 / 2 IREDA Launches New Website with AI Chatbot for Better Customer ExperiencePsuconnect•Aug 05, 2026•IREDA
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IREDA Reports 14% Revenue Jump in Q4 FY26 Driven by Increased Loan DisbursementsMercom India•Jun 02, 2026•IREDA
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IREDA Secures $175 Million from SMBC for Lending to Renewable Energy ProjectsMercom India•Apr 01, 2026•IREDA, Sumitomo Mitsui Banking Corporation
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